The National Bureau of Statistics (NBS) released on Thursday the Nigeria Labour Force Survey (NLFS), which puts the country’s unemployment rate at 4.1 percent in the first quarter of 2023 and 5.3 percent in Q4 2022.
The new figures show a significant drop from the 33.3 percent for Q4 2020 released in March 2021, and suggest that Nigeria is now comparable to the United States with an unemployment rate of 3.4 percent and the United Kingdom (4.2 percent) despite a high poverty rate.
NigeriaDNA is a Direct News source that delivers the latest news, buzz, and stories from some of Nigeria’s most popular and trusted news websites. NigeriaDNA facilitates this by publishing headlines linking to breaking news and curated snippets from a diverse range of Nigerian credible, independent, and public-interest news sources. Our editors make it easy for Nigerians abroad and diaspora to discover top news stories in real-time as they're posted and directly linked to Nigeria's authoritative News Sources.
© 2025 All Rights Reserved | Curated and Powered by Nigeria DNA
