Connect with us

News

Is NBS Unemployment Data Doctored ? NLC Thinks So

He argued that the data was inconsistent with the deteriorating economic landscape characterized by factory closures, dwindling manufacturing activity, and rising inventories.

Published

on

The Nigerian Labour Congress (NLC) has differed with the latest drop in Nigeria’s unemployment rate as reported by the National Bureau of Statistics (NBS).

While the  nbs, yesterday, reported that Nigeria’s unemployment rate declined to 4.3 per cent in the second quarter of 2024 from the 5.3 per cent recorded in Q1 2024, thus signalling improved labour market conditions., NLC said that the report contradicts economic realities.

According to the nbs, the Labour Force Participation Rate rose to 79.5 per cent, up from 77.3 per cent in the previous quarter, highlighting increased workforce engagement.

The Employment-to-Population Ratio also showed significant improvement, climbing to 76.1 per cent in Q2 2024 from 73.2 per cent in Q1 2024.

This indicates that a higher proportion of the working-age population was gainfully employed during the period.

Also, self-employment remained dominant, accounting for 85.6 per cent of total employment, an increase from 84 per cent in the preceding quarter. Informal employment also rose slightly to 93.0 per cent, highlighting the economy’s reliance on informal jobs.Urban unemployment stood at 5.2 per cent, a reduction from 6.0 per cent in Q1 2024.

The report further revealed gender disparities, with the unemployment rate for females at 5.1 per cent, compared to 3.4 per cent for males.

However,  the NLC in its scrutiny of the report,  labelled the report as a “voodoo document” that fails to reflect the stark realities Nigerians face daily.

The National Assistant General – Secretary of the Nigerian Labour Congress, Chris Onyeka, dismissed the claim that unemployment is decreasing, calling it a “fabrication designed to mislead the public.”

He argued that the data was inconsistent with the deteriorating economic landscape characterized by factory closures, dwindling manufacturing activity, and rising inventories.

“Unemployment cannot be coming down in Nigeria when factories are closing shops. “It cannot be coming down when there is increasing inventory and reduced consumer spending. If anything, unemployment is increasing,” he stated. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Tinubu to attend Pope Leo XIV’s inauguration May 18

The inauguration marks the formal beginning of the Pontificate of Pope Leo XIV, the 267th Bishop of Rome.”

Published

on

By

President Bola Ahmed Tinubu will depart Abuja on Saturday for Rome, Italy, to attend the inauguration of Pope Leo XIV as the new head of the Roman Catholic Church.

The President will be accompanied by a delegation that includes the Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu; Archbishop Lucius Ugorji, President of the Catholic Bishops’ Conference of Nigeria; Archbishop Ignatius Kaigama of Abuja; Archbishop Alfred Martins of Lagos; and Bishop Matthew Hassan Kukah of the Sokoto Diocese.

Bayo Onanuga, Special Adviser to the President on Information and Strategy, confirmed in a statement via X.

‘Tinubu is travelling at the invitation of the Vatican and will lead Nigeria’s delegation to the solemn installation mass scheduled for Sunday, May 18, at St. Peter’s Square.

The inauguration marks the formal beginning of the Pontificate of Pope Leo XIV, the 267th Bishop of Rome.”

Continue Reading

News

JUST IN: Panic as fire guts Ifako-Ijaiye General Hospital in Lagos

Published

on

A fire broke out on Thursday at the General Hospital in Ifako-Ijaiye, Lagos, engulfing parts of the three-storey building and causing panic among residents and patients.

Videos from the scene showed thick smoke pouring from the hospital building as onlookers gathered in distress. Firefighters later arrived to battle the blaze.

An eyewitness, Modinat Melemuku, who shared footage of the incident on Facebook, called for urgent help.

She said: “Happening now at General Hospital Ifako-Ijaiye, College Road. Please repost.

Help is needed,” she wrote.

An eyewitness also told reporters the fire began in one part of the hospital before spreading to other sections.

“The fire then spread to the prenatal and postnatal rooms, after which it affected the pediatric ward,” the eyewitness said.

There were concerns that nursing mothers and infants might have been trapped inside, although no casualties were confirmed as of the time of filing this report.

Emergency responders were still on the ground trying to bring the situation under control.

Continue Reading

News

Former South Africa Rugby winger Hendricks dies at 37

A heart condition had forced him to retire in 2015, but he returned to the sport in 2019 and played in a total of 233 first-class matches in a professional career spanning more than 17 years.
“We are deeply saddened by the sudden passing of Cornal Hendricks, a remarkable athlete who represented his country in sevens and fifteen-man rugby with distinction,” SA Rugby president Mark Alexander said in a statement.
“Cornal was one of those players who loved the game and he worked extremely hard, but he always did so with a smile on his face… our heartfelt condolences go out to his wife Stephaney and their children, his family, friends, and teammates.”

Published

on

By

Former South Africa winger Cornal Hendricks has died at the age of 37 due to a heart attack, South African Rugby said on Thursday.

Hendricks, who played in 12 tests for South Africa and scored five tries, was also part of their sevens team when they won gold in the World Games in 2013 and the Commonwealth Games in 2014.

A heart condition had forced him to retire in 2015, but he returned to the sport in 2019 and played in a total of 233 first-class matches in a professional career spanning more than 17 years.

“We are deeply saddened by the sudden passing of Cornal Hendricks, a remarkable athlete who represented his country in sevens and fifteen-man rugby with distinction,”

SA Rugby president Mark Alexander said in a statement.”Cornal was one of those players who loved the game and he worked extremely hard, but he always did so with a smile on his face… our heartfelt condolences go out to his wife Stephaney and their children, his family, friends, and teammates.”

Continue Reading

Trending