• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

NBS gives reasons for delay in releasing unemployment data

Unemployment

The Matters Press by The Matters Press
March 20, 2023
Reading Time: 2 mins read
0
Importation of skilled labour contributes to unemployment

The National Bureau of Statistics (NBS) has explained the delay in Nigeria’s unemployment data for two years.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

According to the NBS’s Twitter handle, since 2021, it has been collaborating with World Bank Nigeria, the International Labour Abuja and other stakeholders to enhance the methodology and implementation of the Nigeria labour force survey, which generates the unemployment report.

“This became necessary in order to devise a more sustainable method of conducting the survey, that accommodates the unique characteristics of the Nigerian Labour Market. Considerable progress has been made, and ongoing efforts are underway,” it tweeted.

It said they have conducted a pre-test and pilot of the new approach, trained trainers and enumerators, and organized a nationwide stakeholder sensitization workshop that brought together key stakeholders from the government, the private sector and academia.

“Since the fourth quarter of the previous year, we have initiated data collection using the new approach, and anticipate releasing national results quarterly and disaggregated state-level results by the end of the year,” the NBS added.

The statistical agency said the Q1 2023 Nigeria labour force survey report using the new approach and methodology is set to be launched in Q2.

“Our commitment remains unwavering in meeting our mandate and providing stakeholders with timely and accurate data for policy formulation.”

Recall that it’s been two years since the NBS released the country’s official unemployment data of 33.3 per cent for Q4 2020

The latest data was released on March 15, 2021, eight months after it released unemployment figures for the second quarter of 2020.

Analysts say the delay is not good for Africa’s biggest economy as it shows a case of misplaced priority towards human capital development, lack of innovation, investments and wastage of resources towards solving unemployment in the country.

A country’s unemployment data is a major macroeconomic indicator that measures the performance of any economy, and help to hold politicians and policymakers accountable for their promises.

“The outdated unemployment data is indicative of how human capital development and the initiatives towards harnessing it are valued in the country. This suggests that the intentionality in solving the unemployment menace in the country is questionable,” Olamide Adeyeye, partnerships manager at The African Talent Company, said.

Published by Leadership

Tags: Unemployment
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Consumer commission, CBN, EFCC investigate violations in money lending

MPR: Economists say rates increase didn’t meet expectations

CBN increases Monetary Policy Rate to 18%

Recommended Stories

Trading in Nigerian stock market dips further N83bn

Stock market appreciates by N417bn

January 19, 2022
Cash, petrol scarcity create food crisis in Nigeria

Cost of living crisis: Group tackles state governors on poor utilisation of Tinubu initiatives, palliatives

August 9, 2024
MAN concerns over CBN’s e-invoicing guidelines, calls for 90 days extension

MAN happy over halt in excise duty increase on beverages, tobacco

April 5, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us