Monday , October 18 2021

Money, No Unemployment Data- NBS



Nigeria has not released official unemployment data for more than a year because of a lack of money at the statistics office.
Bloomberg quoted, Yemi Kale, statistician-general, National Bureau of Statistics (NBS) on his twitter handle as saying that work on the nation’s jobless figures, the most recent of which are for the third quarter of last year, “can’t be completed due to budgetary releases,”
Kale said it’s got nothing to do with massaging the numbers or hiding bad news before elections in February.
“U guys need to stop this,” Kale said in response to speculation about why the data hasn’t been published. “I know it’s election time but I’ve said this repeatedly. Nobody is calling me to manipulate any data or not to release any data.”
Unemployment in Nigeria stood at 18.8 percent in the third quarter of last year, the highest since at least 2010.
The official rate has more than doubled since 2015, when President Muhammadu Buhari, who will seek re-election in February, came to power.
According to Bloomberg, while Kale said on Twitter it’s “not hard to confirm when last we got data funding and how much,” calls to his mobile phone didn’t connect and he didn’t immediately respond to an email seeking further information.
 


About Business Remarks

Check Also

Access Bank Completes Acquisition of Majority Stake in BancABC Botswana

Access Bank Completes Acquisition of Majority Stake in BancABC Botswana

Access Bank Plc has completed the acquisition of a majority stake of 78.15 percent in …

Leave a Reply

Your email address will not be published. Required fields are marked *