Nigeria’s National Bureau of Statistics (NBS) on Wednesday said the number of unemployed Nigerians has risen to 20.9 million as at the third quarter of 2018 from 17.6 million in the fourth quarter of 2017.
The classification as unemployed, means they did nothing at all or worked few hours (under 20 hours a week) to be classified as employed, the NBS explained.
Of the 20.9 million people who were unemployed, the report said 8.77 million of them were first-time job seekers, 0.93 million people were unemployed because they lost their jobs and 11.1 people were working for less than 20 hours a week.
According to the report, the working-age population (people between 15 – 64 years) increased from 111.1 million to 115.5 million.
Further breakdown of the statistics shows that the total number of people in employment increased from 68.4 million in the third quarter (Q3) of 2015 to 68.72 million in Q3 2016, to 69.09 million in Q3 2017 and 69.54 million in Q3 2018.
The total number of people in full-time employment (at least 40 hours a week) increased from 51.1 million in Q3 2017 to 51.3 million in Q3, 2018.
While, the total number of people in part-time employment (or underemployment) decreased from 13.20 million in Q3 2015 to 11.19 million in Q3 2016 but increased to 18.02 million in Q3 2017 and to 18.21 million in Q3 2018.