I Did Not Dispute The Figure Of The NBS On Unemployment – Keyamo

Festus Keyamo (SAN), the spokesman of the re-election of President Muhammadu Buhari, has released a statement that he did not dispute the figure of the National Bureau of Statistics on unemployment.

This comes after an online report where he was said to have not believed in the figures of National Bureau of Statistics on unemployment.

The statement reads, “My attention has been drawn to some on-line reports where I was quoted as disputing the figures of the National Bureau of Statistics as to the rate of UNEMPLOYMENT in the country. Obviously, that is not correct. In a season of politics, fake news and twisted reportage are expected to dominate some space, but we shall expose them as they arise.

“For the avoidance of doubt, what I disputed in the latest edition of THE INTERVIEW Magazine, marshaled by the very able ace journalist, Mr. Azu Ishiekwene was the figure as presented by the REPORTER (NOT NATIONAL BUREAU OF STATISTICS) on JOB LOSS (NOT UNEMPLOYMENT) as wrongly reported by some on-line media. To say those who are unemployed ROSE by 4million, is NOT the same as saying 4million people LOST their jobs. This is clearly because the millions of graduates and other trainees the nation produce yearly make the unemployment figures to rise, but it is not the same as saying that those jobs were lost. The fact is that for many years now that even preceded this administration, we have not been creating the number of jobs as quickly as can accommodate the numbers of fresh graduates we produce every year.

“The obvious narrative created by those who report like this is that the figure of JOB LOSS is as high as they want to make it up and is as a direct result of some policies that the Buhari administration got very wrong. The report of the National Bureau of Statistics released in December, 2017, reads in part:

“The labour force population increased from 83.9million in Q2 2017 to 85.1million in Q3 2017. The total number of people in full time employment (at least 40 hours a week) declined from 52.7million in Q2 2017 to 51.1million in Q3 2017. The number of people within the labour force who are UNEMPLOYED or UNDEREMPLOYED increased from 13.6million and 17.7million respectively in Q2 2017, to 15.9million and 18million in Q3 2017. Total unemployment and underemployment combined increased from 37.2 percent in the previous quarter to 40 percent in Q3 2017.”

“Curiously, those who are pushing the negative narrative also fail to mention that in the same report by the National Bureau of Statistics in December, 2017, it was stated clearly that because of sterling government’s policies, the unemployment rate is expected to drop by 2018. Businessday online in its report of December 28, 2017, reports as follows:

“NIGERIA UNEMPLOYMENT RATE EXPECTED TO REDUCE BY 2018 – NBS  

The Economic Reform and Governance Project (ERGP) plan by the federal government expect to achieve the net job creation of 1.5 million in 2017, 3.8million in 2018, 4.3million in 2019 and 5.1million in 2020. The plan also aim to get unemployment rate to 16.32 percent in 2017, 14.51 percent in 2018, 12.90 percent in 2019 and 11.23 percent in 2018, as gathered from the ministry of budget & national planning and the National bureau of statistics.”

“It is in the light of the above that the following exchange took place in the said INTERVIEW Magazine, where I clearly admitted to some loss in jobs, but disputed that the figures of actual LOSS are not as high. It went as follows:

Question:   “Unemployment, even by the government’s own statistics, is still a very big problem. An average of nearly two million jobs have been lost every year for the last three years under Buhari. How do you intend to sell this candidate to Nigerians?”

Answer:     “I also do not believe those statistics. Where do the statistics come from? You should quote the source. I fight this problem. I will pick holes as we go into 2019. The National Bureau of Statistics have said some jobs have been lost. It is not two million every year. I want to correct some of these things. We know jobs were lost. One, because of the slump in the economy, the oil majors laid off so many people. It was a general economic downturn in all oil producing countries. Venezuela went into depression. Brazil went into a depression. Russia went into a depression. There was a general problem everywhere. The question is what is government now doing to reclaim the economy and to create more job? …..The boost in agriculture, there is export now for the first time in many years. Everybody acknowledges that. Even the enemies acknowledge it. There is a lot of employment coming up in that sector. So, they are closing the gap. But we are not there. There is still a lot of unemployed youth out there. The point I want to concentrate on is that, is the government losing the fight? They are not losing the fight. There is a fight back and we are getting there slowly.”

“It is therefore disingenuous to say I disputed the NBS figures on the rate of unemployment in the country.” he said.