Four million nigerians became jobless year nbs

According to the National Bureau of Statistics (NBS), the unemployment rate in Nigeria increased to 33.3% in the fourth quarter of 2020, with about 4 million Nigerians becoming jobless.

The NBS report, which was released in January 2021, showed that the number of unemployed persons in Nigeria increased by 3.3 million between the third and fourth quarters of 2020, from 11.6 million to 14.9 million.

The report also showed that the unemployment rate among the youth (those between the ages of 15 and 35) was higher, at 42.5%, compared to the overall unemployment rate of 33.3%.

The NBS attributed the increase in unemployment to various factors, including the COVID-19 pandemic, which had a significant impact on the economy and led to a decline in economic activities, particularly in the services sector.

The report also highlighted the need for the government to implement policies that would create jobs and stimulate economic growth, in order to address the high level of unemployment in the country.

Here is a summary of the NBS report:

It's worth noting that the NBS report is based on data collected from a sample of households and establishments, and may not reflect the actual situation on the ground. However, it provides a useful snapshot of the labor market in Nigeria and can help inform policy decisions.