What is the current unemployment rate in Nigeria 2021?

35 percent
Nigeria’s unemployment rate rose to 35 percent in 2021, according to a report by a credit rating agency, Agusto & Co.

What is the current unemployment rate in Nigeria 2020?

In 2020, the unemployment rate in Nigeria was at approximately 9.01 percent….Nigeria: Unemployment rate from 1999 to 2020.

Characteristic Unemployment rate
2020 9.01%
2019 8.53%
2018 8.45%
2017 8.39%

How is the Nigerian economy today?

The current account position was expected to remain in deficit at 3.7% of GDP, weighed down by the fall in oil receipts and weak external financial flows. The economy is projected to grow by 1.5% in 2021 and 2.9% in 2022, based on an expected recovery in crude oil prices and production.

What is the current economic situation in Nigeria?

Nigeria’s economic outlook remains highly uncertain. Uncertainty around the pace of vaccinations and the duration of COVID-19 persists. Moreover, the modest projected recovery can be threatened by volatility in the oil sector, including an unexpected shock to oil prices, and weaknesses in the financial sector.

How much of Nigeria is unemployed?

Take as an illustration, in the first quarter of 2021, a report published by the National Bureau of Statistics (NBS) on its website noted that Nigeria’s Unemployment Rate has risen from 27.1 per cent in the second quarter of 2020, to 33 per cent.

Which state has the highest rate of unemployment in Nigeria?

The State of Benue, in the Middle Belt of Nigeria, registered by the end of 2020 the highest unemployment rate in Nigeria. In the fourth quarter of 2020, about 43.5 percent of the labor force in Benue was unemployed. This was accordingly to the most common international definition of unemployment.