Nigeria’s GDP Growth Hits 3.46% in Q3 2024, Driven by Services Sector November 25, 2024 Minimum Wage: Cross River Workers Embark on Warning Strike November 25, 2024 Nigeria’s unemployment rate drops to 4.3% in Q2 2024 – NBS November 25, 2024 We’ll address poor navigational systems...
The rate of unemployment has risen in the last decade in most of the sub-Saharan African countries. The situation in Nigeria is rapid population growth with low level of employment rate. The theoretical proposition of the Okun's law is that a negative relationship exists between unemployment rate...
Nigeria’s population is projected to grow from more than 186 million people in 2016 to 392 million in 2050, becoming the world’s fourth most populous country. Nigeria’s sustained high population growth rate will continue for the foreseeable future because of population momentum and its high bi...
April 23, 2024 9News Nigeria 0 The exchange rate between the Nigerian Naira and the US Dollar is a critical economic indicator that reflects the health of Nigeria’s economy. Predicting the Read moreTinubunomics: Naira beats odds to make 7.2% gains against the US Dollar at official market ...
Nigeria: Unemployment rate Nigeria: Inflation rate (compared to the previous year) Nigeria: Import of goods (in billion U.S. dollars) Nigeria: Export of goods (in billion U.S. dollars) Nigeria: Trade balance (in billion U.S. dollars) National Finances Nigeria: National debt in re...
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...
The findings show that high rate of unemployment and poverty still persists and leaves much to be desired of the government at both the state and federal levels. The study recommends a holistic strategy in tackling this problems which include revitalizing the agricultural and industrial sectors in ...
due to many of its functions in the country. But most importantly, Chevron is very significant to Nigeria because of its job creation. Over the years, Chevron Nigeria Limited has provided thousands of lucrative jobs to Nigerians, reducing the unemployment rate and boosting the country’s economy...
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 ...
IMPACT OF CONSTRUCTION INVESTMENT ON THE UNEMPLOYMENT RATE IN NIGERIAdoi:10.22452/jscp.vol15no1.1Najimu, SakaTitilayo, Moyanga DorcasJournal of Surveying, Construction & Property