About 7.53 million Nigerians were unemployed between January 2016 and December 30, 2017, according to the National Bureau of Statistics (NBS). That is almost equivalent to the total population of Republic of Togo which was 7.6 million in 2016.
The jobless rate was contained in the “Labor Force Statistics Vol. 2: Employment by Sector Report” released by NBS on Sunday in Abuja.
According to the bureau, out of the country’s labor (working) population of 85.1 million as reflected in the third quarter of 2017 (Q3), 77.55 million were engaged in some sort of economic activity for at least an hour a week, (8.46 million-1-19 hours; 18.02 million-20-39 hours; 51.06 million-above 40 hours), while 7.53 million were not engaged in any economic activity.
The report also indicated that among the 77.55 million labor (working) population who were engaged in some economic activity, 38.24% or 29.66 million were self-employed engaged in farming/agriculture, and 27.93% or 21.66 million were self-employed in non- farming/agriculture sectors.
“A total of 19.72 million were working for pay or wage, which was equivalent to 25.42% of the total workers in 2017 Q3. Paid apprentices and unpaid house workers constituted 7.30% and 1.11% of the total working force engaged for at last one hour a week.
The report also stated that of a total employed population (full time employed and underemployed which is 20 and above working hours a week) of 69.09 million, 17.88 million or 25.88% worked for pay/wage, 45.47 million or 65.82% were self-employed working in agriculture (25.47 million or 36.87%) and non-agriculture related activities (20.0 million or 28.95%), 779,002 or 1.13% were paid apprentices and 4.95 million or 7.17% were unpaid house workers.
The statistics office stated further that more than half of the total workers in Nigeria (51.06 million or 65.84% of total) worked full-time or 40 hours per week.
Among all the full-time workers, 18.86 million or 24.31% of total workers were engaged in self-employment farming/agriculture.
About 15.02 million or 19.36 of total were self-employed in non- farming/agriculture work and 14.10 million or 25.42% of total were working for pay/wage. 23.25% and 10.91% of total workers were participating in 20-39 hours work per week and 1-19 hours work per week respectively.