Nigeria’s unemployment rate increased to 5.3% in Q1 2024
The National Bureau of Statistics (NBS) has reported an increase in Nigeria’s unemployment rate to 5.3% in the first quarter (Q1) of 2024, up from 5.0% recorded in the third quarter (Q3) of 2023. In its report released on Tuesday, September 24, the NBS defined unemployment as the share of the labor force actively…