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Unemployment Rate: Financial economist faults NBS revised methodology




A financial economist, Prof. Uche Uwaleke, has faulted the methodology adopted by the National Bureau of Statistics (NBS), which puts Nigeria’s unemployment rate at 41 per cent in the first quarter of 2023.

Uwaleke, who is the Director, Institute of Capital Market Studies, Nasarawa State University, Keffi, told the News Agency of Nigeria (NAN) on Friday in Lagos.

According to him, the figure may not be the true reflection of the unemployed in the country.

He said that the methodology could also lead to wrong policy decisions by the government.

Uwaleke said, “I think the unemployment number of 4.1 per cent for quarter one in 2023, recently announced by the NBS, may not reflect the true situation on ground owing to a number of reasons.

“The first reason is the low sample size of under 40,000 persons used in the survey as well as the adoption of the International Labour Organisation (ILO) guidelines for employment computation.

“This considers employment from the perspective of persons of working age who are engaged in some type of jobs for at least one hour in a week for pay or profit compared to the old methodology adopted by the NBS.

“This new methodology which includes apprentices, tantamounts to significantly lowering the bar and could lead to wrong policy decisions by the government.”

The expert said much as the ILO guidelines provided a basis for global comparison, it was important that Nigeria adopted country-specific guidelines which closely reflect unique employment conditions prevalent in the country.

Recall that NBS arrived at the new unemployment rate in a report it released on Thursday, titled, ‘Nigeria Labour Force Statistics Report Q4 2022 and Q1 2023″.

Unemployment stood at 5.3 per cent in fourth quarter 2022 and 4.1 per cent in first quarter 2023.

This aligns with the rates in other developing countries where work, even if only for a few hours and in low-productivity jobs.

It is to make ends meet, particularly in the absence of any social protection for the unemployed.

Also, 22.3 per cent of the working age population were out of labour force in fourth quarter 2022, while it was 20.1 per cent in first quarter, 2023.

The rate of informal employment among the employed Nigerians was 93.5 per cent in fourth quarter 2022 and 92.6 per cent in first quarter 2023.


Navy disowns list of successful candidate for Batch 35 recruitment



The Nigerian Navy (NN) has disowned the purported list of successful candidate for its Basic Training School (NNBTS) Batch 35 Recruitment, saying it is fake.

Commodore Adedotun Ayo-Vaughan, the Director of Naval Information, said this in a statement in Abuja.

Ayo-Vaughan said the exercise was conducted in three centres across the country, namely; Lagos, Rivers and Kaduna States.

He described the information, being circulated recently as fake, and handiwork of fraudulent miscreants who were trying to dupe some unsuspecting applicants.

He said the list of successful candidates had not been released and that no form of invitation for training, via text message had also been disseminated by the Nigerian Navy.

‘’The alarming rate of circulation of fake information by unscrupulous individuals, regarding enlistment or recruitment into Navy is quite worrisome.

‘’Efforts are on to track and arrest the miscreants.

“Members of the public especially prospecting applicants who participated in the said recruitment are strongly enjoined to always authenticate information from the NN official website,, and other official social media handles, as well as other credible mainstream media platforms.

“Similarly, miscreants and mischief makers are warned to desist from this unwholesome practice, otherwise they will face the full wrath of the law,” he said.

Ayo-Vaughan said the text message, had invited unsuspecting applicants to report for military training at NNBTS Onne, Rivers, following their purported selection.

He said the criminals further claimed in the text message that the exercise would commence on Oct. 6.

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Gov. Alia condemns kidnapping of commissioner, one other



Gov Alia Hyacinth Alia

Gov. Hyacinth Alia has strongly condemned the kidnaping of Mr. Matthew Abo, his Commissioner for Information, culture and Tourism, and former Chairman Ukum Local Government Area (LGA), Mr. Iorwashima Erukaa.

This is contained in a press statement on Monday, signed by his Chief Press Secretary (CPS), Sir Tersoo Kula, and made available to the News Agency of Nigeria (NAN) in Makurdi.

According to the statement, while Mr Abo was kidnapped by unknown gunmen in his Sankara home at about 8pm on Sunday, September 24, Mr. Erukaa was taken away by a yet-to-be identified gunmen on Saturday, September 23.

The Governor, who described the act as barbaric and unacceptable, has directed security agencies to immediately commence operations to ensure the safe release of the duo.

He called on the people of the State to remain calm, as his administration would do everything possible to make the State safe for all.

“The kidnappers have made contacts with the family of Mr Erukaa but are yet to contact Mr Abo’s family,” the statement stated

Several gunmen had stormed the the commissioner’s residence in Zaki-Biam, Ukum LGA and kidnapped him.

Eyewitnesses who spoke to NAN, said that the kidnappers who came on four motorcycles, ordered everyone in the house, including the his wife and children, to lie face down and took him away to an unknown destination.

The witnesses said the abductors compelled the commissioner at gun point to sit behind the rider of one of the motorcycles while a gunman sandwitched him.

Mr Abo was sworn in as a member of the Benue State Executive Council on August 29.

He hails from Ukum Local Government Area of Sankera axis, a major flashpoint of criminal activities with rampant killings and kidnappings for years now.

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