Nigeria’s 4.1% Unemployment Rate Misleading, Does Not Reflect Economic Reality–Experts

Some Nigerian economists are not convinced with the latest unemployment data released by the National Bureau of Statistics, especially the part which said unemployment has reduced drastically to 4.1 per cent in the first quarter of 2023 from 33.3 per cent in the fourth quarter of 2020.

They argued that it is difficult to get the real picture of Nigeria’s unemployment situation with the International Labour Organisation’s (ILO) methodology.

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