Home About the NESG Media Room Events Blog
Research Membership Volunteer Platforms Resources (Nigerian Policies and Summit Reports)

Follow Us:

TW  FB  IN  IG  YT

Research Document: NESG 2024 Q1 UNEMPLOYMENT ALERT


Alerts and Uploads

Posted Mon, Sep 30, 2024 11:22 AM

Download Report (453 downloads)

The unemployment rate stood at 5.3 percent in the first quarter of 2024, representing a third consecutive increase since the second quarter of 2023. However, the underemployment rate fell from 12.3 percent in 2023 Q3 to 10.6 percent in 2024 Q1. As expected, the unemployment rate was higher in urban centres than in rural settlements. Consequently, Nigeria’s misery index - the sum of unemployment and inflation rates - rose to 36.9 percent in 2024Q1 from 30.5 percent in 2023Q3. Nigeria has one of the world's highest misery indexes, with many Nigerians experiencing a cost of living crisis and weak purchasing power due to rising inflation.

Find a report

Quick Links

Say Hello

info@nesgroup.org

Call Us

+234 1 2952849, 2952003

On Location

LAGOS
The Summit House 6, Oba Elegushi Close, off Oba Adeyinka Oyekan Avenue, Ikoyi, Lagos, Nigeria

ABUJA
4th Floor, Unity Bank Tower Plot 785, Herbert Macaulay Way, Abuja, Nigeria.

The Nigerian Economic Summit Group is a non-profit, non-partisan private-sector led think tank with a mandate to promote and champion the reform of the Nigerian economy into a modern globally competitive, sustainable, inclusive, open economy.

Quick Links

Email Us

info@nesgroup.org

Call Us

+234 1 2952849, 2952003

Find Us

LAGOS
The Summit House 6, Oba Elegushi Close, off Oba Adeyinka Oyekan Avenue, Ikoyi, Lagos, Nigeria

ABUJA
4th Floor, Unity Bank Tower Plot 785, Herbert Macaulay Way, Abuja, Nigeria.

© 2024 Nigeria Economic Summit Group.
All rights reserved.
All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).

2024 © The Nigerian Economic Summit Group.

All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).