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Q4 2020: Nigeria’s Unemployment Rate Rise To 33.3%
Nigeria’s unemployment rate at the end of 2020 increased by 6.2 percent in the fourth quarter from 27.1 percent recorded in the second quarter of 2020. The increase, 33.3 percent, indicates that about 23,187,389 (23.2 million) Nigerians remain unemployed in the fourth quarter. This is according to the recently released labour force report published by…
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In 10yrs, Nigeria Unemployment Grew By Over 400 percent
According to data collected from the National Bureau of Statistics, the unemployment rate of Nigeria has grown by 445 percent in the last 10 years. While the nation still combats economic instabilities within the year in view, the expectation by different governments to reduce unemployment has failed as the data obtained shows a steady increase…
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Poverty Alleviation: Unrealistic And Unproductive
The concept of poverty is that it hinders the development of a country. The world bank measures poverty in terms of daily spending of $1 to $2 per day per person. Previous administrations in Nigeria have continually made efforts to address the challenges of poverty through different programs and policies, some of them include National…