Tag Archives: Unemployment

National Bureau Of Statistics Says Nigeria’s Jobless Rate Has Increased To 27.1%

After a 20-month interval, the National Bureau of Statistics has finally released data on the nation’s jobless rate, stating the figure rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018. In a ‘Labor Force Statistics: Unemployment and Underemployment Report’ released by NBS on Friday, the governmental agency said underemployment rate…

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President Trump Extends Suspension On US Work Visa To Year-End

On Monday, The White House revealed that President Donald Trump has prolonged a ban on the issuance of US employment permits for new immigrants, foreigners to year-end and broaden it to include H-1B visas used widely in the tech industry. A senior administration official told journalists the move would affect 525,000 jobs in the US, which…

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Osinbajo Says 39.4m Nigerians Might Be Unemployed By End Of 2020

39.4 million Nigerians might be out of job by the end of this year, the Vice President, Prof. Yemi Osinbajo has revealed according to projections received by the economic sustainability committee. Osinbajo who disclosed this while presenting the committee’s report to President Muhammadu Buhari on Thursday June 11, said the National Bureau of Statistics also projects that…

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Unemployed Nigerian Youths To Be Paid N20,000 Monthly To Maintain Public Infrastructures

On Thursday, the Federal Government has rolled out a scheme which will see jobless youths in rural areas earning the sum of twenty thousand naira, (20,000) in a bid to curb the high rate of unemployment in the country. According to the Minister of State for Labour and Employment, Mr Festus Keyamo (SAN), the youths will…

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Unemployment And Poverty Are Forcing Nigerians To Turn To Oil Theft – Aljazeera

A short documentary of young Nigerians indulging themselves into oil theft because of poverty and unemployment was shared on twitter by Aljazeera. They wrote: “Unemployment and poverty are forcing many young Nigerians to turn to oil theft – though they say it’s rightfully theirs.” For more on News, follow us on Instagram & Twitter @OnoBello |…

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Over 3 Million Jobs To Be Created In Nigeria In 3 Years

    Vice President Yemi Osinbajo has expressed optimism that Nigeria will continue to move up the developmental ladder despite the economic challenges currently bedeviling it. He based his confidence on the level of patriotic planning that is taking place as well as the available ideas that are being implemented by the Muhammadu Buhari-led federal…

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