Another key indicator of a country’s economic performance is its unemployment rate. Nigeria’s unemployment rate was 3.58% at December 2023, down from 3.83% in December 2022 according to YCharts. See alsoNigeria’s Top 10 Imports,Nigeria’s Top Trading PartnersandTop African Export Countries ...
doi:10.31920/2516-5305/2023/20n2a9NIGERIAUNEMPLOYMENTTIME series analysisJOB creationCOMPUTER crimesCYBERSPACEPRIVATE sectorNigeria is presently experiencing a high level of youth unemployment, and the effects have contributed to an alarming rate of cybercrimes in the country. Making use...
Exchange Rate(NGN per USD, aop)306356399423645 Monetary Policy Rate(%, eop)13.5011.5011.5016.5018.75 Unemployment(% of active population, aop)5.25.75.53.83.1 Current Account Balance(USD bn)-13.7-16.0-3.33.56.0 Inflation(CPI, ann. var. %, eop)12.015.815.621.328.9 ...
Unemployment rate 3.07% (2023 est.) 3.83% (2022 est.) 5.39% (2021 est.) note: % of labor force seeking employment comparison ranking: 49 Youth unemployment rate (ages 15-24) total: 5.8% (2023 est.) male: 4.8% (2023 est.) female: 7.1% (2023 est.) note: % of labor force ages ...
Despite this, unemployment remains high in the country and a Read moreThings you need to know about the introduction of new Naira notes by CBN November 5, 2022 9News Nigeria 0 The Central Bank of Nigeria (CBN) will introduce the new 200, 500 and 1,000 Naira notes into circulation on...
Unemployment Rate 16.5% Population below poverty line 40.1% Inflation Rate 11.3% Prime Lending Rate 15.4% GDP $1,013.53 billion GDP Pro Capita (PPP) $4,900 Currency Name Nigerian Naira Currency Code NGN World Bank Classification Lower Middle Income Competitive Industrial Performance 116/138 Corruptio...
Entrepreneurial orientation in Nigeria currently is warranted by the materiality that entrepreneurial orientation is a conspicuous procurator in economic growth and development and also the antidote for unemployment reduction. The broad objective of this study is to analyze the effect of entrepreneurial ...
Nigeria’s 2023 budget, recently presented by President Muhammadu Buhari to the National Assembly, has generated a furore.
As noted earlier, the high rate of unemployment in the country forces graduates to engage in various livelihood activities to survive and help their families, who spent a lot of money training them in school. Furthermore, this study found that more married people engage in informal activities, ...
Nigeria's National Bureau of Statistics now estimates that 63% of the population, around 133 million people, are now classed as multidimensionally poor, a 10 percentage point increase from before Buhari's tenure began in 2015. Unemployment sits at 33.3%, ...