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Nigeria unemployment rate rises to 33%, second highest on global list

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Unemployment in Africa’s largest economy surged to the second highest on a global list of countries monitored by Bloomberg.

The jobless rate in Nigeria rose to 33.3% in the three months through December, according to a report published by National Bureau of Statistics on its website Monday.

 That’s up from 27.1% in the second quarter of 2020, the last period for which the agency released labor-force statistics.

A third of the 69.7 million-strong labor force in Africa’s most-populous nation either did nothing or worked for less than 20 hours a week, making them unemployed, according to the Nigerian definition. 

Another 15.9 million worked less than 40 hours a week, making them underemployed.

Usman Umar reports from Abuja.

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Nigeria unemployment rate rises to 33%, second highest on global list

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