BREAKING: Nigeria’s Unemployment Rate Drops To 5.3% [DETAILS]—-Nigeria’s unemployment rate has seen a dramatic drop from 33.1% reported in March 2021 to 4.1% for the first quarter of 2023. However, the statistics bureau noted that the drop is not a result of creation of more jobs but a redefinition of the term unemployment in line with the International Labour Organisation’s (ILO) guideline.
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In the report titled Nigeria’s Labour Force Survey (NLFS) released this month, employment is defined as any labour for profit even for an hour in seven days
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