Business

Nigeria’s unemployment rate plunges to 4.1%

Nigeria’s unemployment has dropped from 33.3 percent in 2020 to 4.1 percent in the first quarter of 2023, and 5.3 percent in the fourth quarter of 2022.


The 2020 figures and the current one were calculated using different methodologies, says the National Bureau of Statistics (NBS), after a two-year hiatus.after a two-year hiatus.


Read also: Nigeria’s unemployment figure seen dropping on NBS’ new methodology