The National Bureau of Statistics (NBS) has revealed that the unemployment rate in Nigeria has risen in the third quarter of 2017 to 18.8% from 16.6%. According to the report which was released by the NBS and made available to Bigpen Online, the NBS stated that the number of unemployed people within the labour force increased from 13.6 million in the second quarter of the year to 15.9 million in the third quarter with more than two million people unemployed within the period. The Data released by NBS showed that the rise was occasioned by the economic recession that saw the nation’s growth decelerate until September 2017 when Nigeria finally exited recession. “An economic recession is consistent with an increase in unemployment as jobs are lost and new jobs creation
The National Bureau of Statistics, (NBS), has released the report of the Internally Generated Revenue (IGR) of States for Q3 2017, pegging the total revenue available to states at N1.05trn, excluding those of Rivers, Anambra and Ebonyi States. The report which was released by the NBS on Thursday morning, November 30, shows that a total of N149.45bn was generated by States in Q3 2017 while the Q3 2017 YTD revenue generated by states was put at N473.08bn. The report however excluded Sokoto, Nasarawa, Niger, Kwara, Kano, Katsina, Kebbi, Kogi, Gombe, Edo, Borno, Bauchi, Adamawa, Abia, Ebonyi and Anambra who are yet to report their IGR figures for Q3 2017. The NBS report says a shortfall of N334.84bn was recorded as at Q3 2017 compared to the full year 2016 and Q3 201...
The National Bureau of Statistics (NBS), who declared Nigeria’s worst recession in 29 years, said on Tuesday, that the west African country grew by 0.55 percent in GDP terms for Q2 2017. According to the Nigerian Gross Domestic Product report earlier released by NBS on Monday, the economy recorded a positive growth after five consecutive quarters of contractions since Q1 2016. The 0.55% growth recorded is 2.04% higher than the rate recorded in the corresponding quarter of 2016 where a contraction of -1.49% was recorded. Quarter on quarter, real GDP growth was 3.23%. The oil sector was estimated to have averaged at 1.84 million barrels per day, which is 0.15 million barrels higher than the daily average production recorded in the first quarter of June. The non-oil sector,
A new report conducted by the National Bureau of Statistics in conjunction with United Nations Office on Drugs and Crime has said a total of N400billion naira was received in bribes by public officials within a period of one year. The NBS stated this in its National Corruption Report on Wednesday, adding that 32.3 per cent of Nigerian adults who had contact with public officials between June 2015 and May 2016 had to pay bribes to the government workers. The report, a copy of which was obtained by our correspondent in Abuja, was prepared by the NBS in collaboration with the United Nations Office on Drugs and Crime. It said the majority of those who paid bribes to public officials did so more than once over the course of the year. According to the survey, bribe payers in N
A new report conducted by the National Bureau of Statistics in conjunction with United Nations Office on Drugs and Crime has said a total of N400billion naira was received in bribes by public officials within a period of one year. The NBS stated this in its National Corruption Report on Wednesday, adding that 32.3 per cent of Nigerian adu (more…)