The many mysteries of the Nigerian Labour Force

It is no longer news that unemployment in Nigeria was 27.1% for Q2, 2020. This estimate represents a 4% increase from the 23.1% unemployment rate recorded in Q3, 2018. In actual figures, 21.8 million Nigerians had no jobs as at the second quarter of 2020. In contrast, 44.3 per cent of Nigerians had work (fully employed). Underemployment rate was 28.6 per cent. Further, 15.4 per cent worked for less than 20 hours weekly. And per the recently published Labour Force Statistics, 11.7 per cent of our population are “lazy”.