What Udoma Wants You To Know About Unemployment Stats And Job Losses
So, the National Bureau of Statistics, NBS recently released Nigeria’s unemployment figures for Q3.
The figures showed that 20.9 million people have no jobs.
But Nigeria’s minister of Budget and National Planning, Senator Udoma Udo Udoma wants you to know that this doesn’t really mean that there is high unemployment.
The minister insists that the high unemployment figures are not the same thing as job losses.
While responding to questions from journalists on Thursday at the breakdown session for the 2018 budget proposal, Udoma said the numbers were as a result of the rate of new job creation lagging the rate of new entrants into the job market.
The minister also said that employment growth is generally known to slow down during a recession and takes some time to recover.
According to a statement by Akpandem James, special adviser on media and communications to the minister, the Buhari administration has a positive net job creation record of 1,640,398.
“This is exclusive of the 11.1 million persons that the NBS classifies as people who do some form of work but are considered to have worked too few hours to be officially considered as employed,” the statement read.
“This means that many casual workers in farms might be amongst the 11.1 million workers who the NBS enumerators may have felt did not work for enough hours to be considered as employed, and Agriculture is an area in which the Buhari Administration has made massive strides.”
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