Nigeria News

500,000 jobs created in 6 months, says National Bureau of Statistics

ABUJA—The latest job creation figure released by the National Bureau of Statistics, NBS, yesterday showed that the economy created 500,224 jobs across the country in the first six months of 2014.

NIGERIA, Abuja : Job-seekers cover their nose and mouth for safety after security agents from the immigration services threw a cannister of tear gas to disperse the crowd in Abuja National Stadium, on March 15, 2014. At least seven people were killed and dozens injured in Nigeria’s capital Abuja on March 15 after thousands of pannicked job-seekers stampeded during a government recruitment drive at the national stadium. AFP PHOTO

The figure was announced by the Statistician-General of the Federation, Dr. Yemi Kale, at a workshop organised by the NBS for the review of definition and methodology for computing unemployment statistics in Nigeria.

He said the new figure was arrived at through a recent job creation survey carried out by the NBS for the first and second quarters of 2014.
According to him, the scope of the survey covered formal and informal establishments and public institutions in the country.

NBS, it will be recalled, started conducting quarterly job creation surveys in Q3 of 2012 and had since released job creation numbers for up to Q4 of 2013 and now Q1 and Q2 of 2014.

According to the report, in the Q1 of 2014, the formal sector recorded 76.018 new jobs; informal recorded 158,894 new jobs, while the public sector recorded 5,959 new jobs.
The total new jobs for Q1 of 2014 was   240,871, representing a decrease by 10.3 per cent from the previous Q, which   recorded 265,702 jobs and lower than the 431,021 jobs created in the corresponding Q in 2013.

Anthony-Claret Onwutalobi
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC and CEO of Portia Web Solutions. Mr. Claret publishes and manages the content on Codewit Word News website and associated websits. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.

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