Stakeholders raise concern over NBS unemployment computation

The stakeholders, who gathered at an event organised by the Centre for the Study of the Economies of Africa on the need to understanding the new Nigerian labour force statistics, said with a mere five per cent of Nigerians in formal employment and over 90 per cent in the informal sector, Nigeria has more to worry about.

The stakeholders noted that there are also concerns that the country’s most vibrant people who are graduates are the most affected by unemployment conditions. Executive Director of CSEA, Dr Chukwuka Onyekwena, said the value of accurate and reliable labour force statistics cannot be overstated, especially in a country as large and diverse as Nigeria.

According to him, Nigeria can chart a course toward better policy formulation with economic implications by deepening the understanding of the most recent developments in Nigerian labour force statistics, encouraging collaboration and dialogue among diverse stakeholders. The National Council of Managing Directors of Licensed Customs Agents has kicked against the imposition of payment of electronic call-up charges on importers after paying for vehicle entry permit and tenure packing fees to terminal operators, describing charges as double taxation.

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