Tag: wage employment
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Explainer: Why Nigeria’s unemployment rate declined by 77% in Q1 2023
Recent data from the National Bureau of Statistics (NBS) indicates a somewhat surprising trend in Nigeria’s employment landscape, with a sharp rise in the country’s employment rate despite prevailing economic challenges. According to the report, approximately 76.7 per cent of working-age Nigerians were engaged in some form of paid or profit-oriented work in the first…