The Nigerian Bureau of Statistics (NBS) has revealed the number of people who are unemployed in Nigeria to be 23.18 million.
According to the agency, Nigeria’s unemployment rate has hit a new record and it was at 33.3% in the fourth quarter 2020.
This comes after the 27.1% recorded in the second-quarter of 2020 and this was contained in the unemployment report released by the agency.
Per the report, these people either did nothing or worked for less than 20 hours a week, making them unemployed during the fourth quarter of 2020.
The report also revealed that the underemployment rate decreased from 28.6% to 22.8% and a combination of both the unemployment and underemployment rate for the reference period gave a figure of 56.1%.
In other news, the Federal Government of Nigeria has revealed its readily to lift 100 million Nigerians out of poverty with the shortest possible time.
The assurance was given by the President, President Muhammadu Buhari who indicated that the Federal Government will deliver on its promise of lifting 100 million Nigerians from poverty.
According to him, this plan by the administration did not come by accident stating that it is a deliberate plan that will be pursued with remarkable grit and determination.
He made this known at a meeting with the Presidential Economic Advisory Council (PEAC) and in a statement released by presidential spokesperson, Garba Shehu had him saying;
“I was shocked, hearing from you that, of the vast agricultural land resources available to the nation, only two percent of it is under irrigation, promising that “we will make the best use of the land. Thank you for shaking us up. We are now awake, we will not doze off again. We didn’t just bump into this, we believe it is something we can deliver on.”