Nigeria’s Jobless Rate Shows Steep Plunge on Revised Methodology
- New survey shows jobless rate at 4.1% in Q1 versus 5.3% in Q4
- Statistics office says data incomparable with old numbers
Employees on the production line, at a beer factory, in Ogun State, outside Lagos.
Photographer: Stefani Heunis/AFP/Getty Images
This article is for subscribers only.
Nigeria is reporting unemployment data for the first time in two years and, with a revised methodology, the jobless rate has plunged.
Data released on Thursday by the National Bureau of Statistics showed the unemployment rate declined to 4.1% in the first quarter, compared with 5.3% in the previous three months. The last time the country released jobless data was in March 2021, when it reported an unemployment rate of 33.3% in the final three months of 2020.