Nigeria’s unemployment rate dropped to 4.1 per cent in the first quarter of 2023 from 5.3 per cent in the fourth quarter of 2022.
Semiu Adeniran, the statistician-general of the federation and CEO of the National Bureau of Statistics, said this on Thursday during the inauguration of the New Nigeria Labour force Survey (NLFS) in Abuja.
Mr Adeniran said the drop in NLFS from 33.3 per cent in the fourth quarter of 2020 to the current rate was based on change in methodology adopted and not government performance.
The new NLFS unveils a set of labour force indicators designed to provide unparalleled insights into the dynamics of the workforce in Nigeria. The NLFS was conducted by the NBS in collaboration with the World Bank and the International Labour Organisation in response to the labour market dynamics.
“Let me at this point clearly state that this methodology review has nothing to do with whitewashing the image of any government or political party….
