The National Bureau of Statistics (NBS) says Nigeria’s youth unemployment rised to 7.2 percent in the second quarter (Q2) of 2023.
A youth is classified as anyone between the age of 15 to 24 years old, the NBS said in its Q2 labour force report.
“The Unemployment rate among youth aged (15-24 years) in Q2 2023 was 7.2% having been at 6.9% in Q1 2023,” the report reads.
The bureau said the unemployment rate in urban areas was 5.9 percent in Q2 2023, increasing from 5.4 percent in the previous quarter.
“The agency noted that “time-related underemployment in Q2 2023 was 11.8%”.
More details to follow…
