Nigerians, particularly the army of unemployed persons, who are in their millions, were taken aback on Thursday, August 31, 2023, when the National Bureau of Statistics, NBS, released a report that the country’s unemployment rate had dropped from 33.3 to 4.1 percent.
This latest report jolted many Nigerians, who see the unemployment rate as being on the increase. Many shouted blue murder and have remained in utter bewilderment ever since the report was released.
The NBS had announced that in its revised analytical tools for calculating the number of the unemployed Nigerians, it arrived at 4.1 percent unemployment figure; an unprecedented improvement from the 33.3 percent figure that was reported in March 2021, when it last released the country’s employment index.
