Udoma Udo Udoma, the minister of
budget and national planning, says that the high unemployment figures released
by the National Bureau of Statistics are not the same thing as job losses.
Responding to questions from
journalists on Thursday at the breakdown session for the 2018 budget proposal.
Udoma said the numbers were as a
result of the rate of new job creation lagging behind the rate of new entrants
into the job market.
The minister also said that
employment growth is generally known to slow down during a recession and takes
some time to recover.
According to a statement by
Akpandem James, special adviser on media and communications to the minister,
the Buhari administration has a positive net job creation record of 1,640,398.
“This is exclusive of the 11.1
million persons that the NBS classifies as people who do some form of work but
are considered to have worked too few hours to be officially considered as
employed,” the statement read.
“This means that many casual
workers in farms might be amongst the 11.1 million workers who the NBS enumerators
may have felt did not work for enough hours to be considered as employed, and
Agriculture is an area in which the Buhari Administration has made massive
strides.”
Udoma said the economy will
continue its upward trajectory and the unemployment numbers will reduce.
“Over the next year Nigerians
should expect to see a large increase in job opportunities and a consequent
reduction in the overall rate of unemployment,” he said.
The latest unemployment report
released by the NBS shows that the 20.9 million people in the third quarter of
2018 from 17.6 million in the third quarter of 2017.
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A man without a job is jobless whether he just lost his former job or has never been employed. The simple maths is that when 40 out of 400 jobless men gets employed and 45 formerly employed loose their job it means that the government of the day has failed to deliver on employment promises. How many of the farm produce from ur 11.1m farmers do u see in the market? How has their performance enhanced farm produce price and availability in the market? How has it affected the lives of the farmers? All we see is imported rice from warehouses to superstores and kiosk and u give dis incoherent explanations. So would u count a man who lost his job as employed? Na night school all of una go. I doubt if u too have a genuine certificate
ReplyDeleteMarket woman's point of view pls be objective in your analysis.
ReplyDelete