2.1 million Nigerians lost their jobs in 2016

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Senator Chris Ngige, Minister of Labour and Employment

According to a report from the National Bureau of Statistics, NBS, 2.1 million Nigerians lost their jobs in 2016.

The NBS said the number of Nigerians who became unemployed rose by 2.1 million to 11.55 million at the end of 2016 from 9.48 million at the beginning of the year.

The body, in its unemployment report released on Monday said the unemployment rate was highest for persons in the labour force between the ages of 15-24 and 25-34, which represented the youth population in Nigeria.

NBS stated that that the unemployment rate was highest for those within the age bracket of 15 to 24, rising from 25 per cent to 25.2 per cent.

For the 25 to 34 age group, the unemployment rate, according to the report, increased from 15 per cent to 15.4 per cent.

It noted that unemployment and underemployment were higher for women than men in…

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