NLC decries level of unemployment

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The Nigeria Labour Congress has expressed worry over the high rate of unemployment in the country. 

The Labour body in a statement signed by the President, Ayuba Wabba, lament the number of women in the unemployment/underemployment which is currently 6.6% higher than that of men.
“It is partly an indication of the increasing vulnerability of families as poverty and cost of living increase and the economy is yet to fully recover from recession”.
The Nigeria Labour Congress also commend the National Bureau of Statistics for its consistency in living up to its mandate of providing relevant statistical information and data on Nigeria’s economy to 20.9million in Q3 2018.
“Underemployment which decreased from 13.20million in Q3 2015 to 11.19million in Q3 2016 has in two increased to 18.21millioon in Q3 2018”
‘ Indicating that the combined rate of unemployment and underemployment increased from 40.0% in Q3 2017 to 43.3% in Q3 2018.
According him,  the increase in the size of the labour force is a possible cause of the unemployment.
“The sluggishness of the economy to actively diversify beyond oil, extractives and primary agricultural production. It is more worrisome that as unemployment/underemployment increase so is the general increase in social vices and criminalities around the country where the youth are the most common perpetrators”

“The situation not only worsens the vulnerability of women in the socio-economy but further exacerbates the gender dimension of social vices and criminalities in the country.”

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