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NPC-Nigeria’s unemployment rate risesto 23.9%

The National Population Commission has said that the rate
of unemployment in Nigeria rose from 21.1 per cent in
2010 to 23.9 per cent in 2011.

The NPC, in the latest report on its website, said the
nation's economic growth had not translated into job
creation.
It said, "Figures from the National Bureau of Statistics clearly
illustrated the deep challenges in Nigeria's labour market,
where the nation's rapid economic growth has not
translated into effective job creation.
"The NBS estimates that Nigeria's population grew by 3.2
per cent in 2011, from 159.3 million people in 2010 to
164.4 million in 2011, reflecting rapid population growth.
In 2011, Nigeria's unemployment rose to 23.9 per cent
compared with 21.1 per cent in 2010."
It said the labour force swelled by 2.1 million to
67,256,090 people, with just 51,224,115 persons
employed, leaving 16,074,205 people without work.
The NPC said the lack of sufficient jobs resulted in additional
2.1 million unemployed persons in 2011, up from 1.5
million unemployed people produced in 2010.
It added, "Unemployment was higher in the
rural areas, at 25.6 per cent, than in the
urban areas, where it was 17 per cent on
average. In the light of the country's fast – growing
population, efforts to create a conducive environment for job
creation must be redoubled, if the trend of rising
unemployment is to be reversed."
It said the Federal Ministry of Labour and Productivity, in a
bid to maintain industrial peace and harmony, resolved 279
of the 328 labour complaints it received in 2011, indicating
an 85 per cent rate of resolution of complaints.
It said, "The number of complaints received increased
compared with 2010 (263). However, the resolution rate of
85 per cent improved from 51 per cent in 2010.
"The FML&P also reported a decrease in the percentage of
man-hour lost to strikes in 2011, and an increase in the
number of persons trained and equipped under skill
acquisition programs to establish their own trade."
The commission noted that the number of jobs created in
2011 was reported as 209, 239 by the Federal Ministry of
Labour and productivity.
Source:[Punch]





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