The Nigerian economy added a total of
1,219, 052 jobs in 2014, available data from the National Bureau of
Statistics (NBS) have shown. The figure was arrived at through the job
creation survey carried out by the NBS for the first, second, third and
fourth quarters of 2014.
The scope of the survey covered both the
formal and informal establishment and public institutions in the
country, according to the NBS.
According to the latest job creation
figures released by the NBS, the fourth quarter results show that a
total of 369,485 jobs were created while 240,871, 259,353 and 349,343
jobs were created in Q1, Q2 and Q3 2014, respectively. The Q4 job report
shows that there is a steady improvement in the total number of jobs
added to the economy when compared with Q1, Q2, Q3 and Q4.
In the report of Q4 2014, a total of
369,485 jobs were created across all sectors of the Nigerian economy. Of
these, 138,026 or 37.4 percent were recorded in the formal sector,
4,387 or 1.2 percent in the public sector and 227,072 or 61.5 percent in
the informal sector.
“The formal sector experienced a
decrease of 7,438 or 5.1 percent from the 145,464 jobs recorded in the
third quarter of 2014. The public sector also decreased by 1,348 or 23.5
percent jobs from the total recorded in the third quarter, while the
informal sector however increased from the previous quarter with 28,928
or 14.6 percent jobs,” the report said.
Josephine Okojie
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