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Nigeria’s Unemployment Rate Rises By 0.8 Per Cent In Q3 2023 – NBS

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Nigeria’s unemployment significantly rose in the third quarter of 2023 by 0.8% from the second quarter 2023, the National Bureau of Statistics (NBS) has said.

The NBS, in its ‘Nigeria Labour Force Survey Q3 2023’ report published on Monday, disclosed that the country’s unemployment rate increased sharply from the 4.2% recorded in Q2 2023 to 5.0% in Q3 2023.

According to the Bureau, the labour force participation rate among the working-age population fell to 79.5% in Q3 2023 compared to 80.4% in Q2 2023.

In its breakdown of the statistics, the NBS said, “The employment-to-population ratio was 75.6% in Q3 2023 with a decrease of 1.5% compared to a ratio of Q2 2023.

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“The combined rate of unemployment and time-related underemployment as a share of the labour force population (LU2) increased to 17.3% in Q3 2023 from 15.5% in Q2 2023.

“About 87.3% of workers were self-employed in Q3 2023.

“The proportion of workers in Wage Employment in Q3 2023 was 12.7%.

“The unemployment rate increased significantly in Q3 2023 at 5.0%. This is an increase of 0.8% from Q2 2023.

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“The rate of unemployment among persons with post-secondary education was 7.8% in Q3 2023.”

According to the nation’s main statistical agency, the unemployment rate among youth aged (15-24 years) was 8.6% in Q3 2023, and got an increase of 1.4% compared to Q2 2023.

“The unemployment rate in urban areas was 6.0% in Q3 2023, a slight increase of 0.1% from Q2 2023.

“Time-related underemployment in Q3 2023 was 12.3%, showing a slight increase of 0.5% from the rate recorded in Q2 2023. This shows an increase of 1.4% compared to the rate in Q4 2022.

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“4.1% of the working-age population was in subsistence agriculture in Q3 2023.

Informal employment rate in Q3 2023 was 92.3%, while Q2 2023 was 92.7%.

“Percentage of youth Not in Employment, Education or Training (NEET Rate) was 13.7% in Q3 2023,” the report added.

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NAF approves 12 months salary payment for families of fallen personnel

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The Nigerian Air Force (NAF) says it will sustain salary payments for up to 12 months to families of personnel who die in the line of duty.

The Chief of the Air Staff, Air Marshal Sunday Aneke, approved the welfare initiative as part of measures to strengthen support for families of fallen personnel.

A credible NAF source who pleaded anonymity disclosed this to the News Agency of Nigeria (NAN), on Sunday in Abuja.

He said the policy, which provided a special extension of salary payments to the spouses or next of kin of NAF personnel killed in action, would help cushion the impact of their loss.

He explained that, in line with existing public service rules, salary payments normally cease upon the death of a personnel member.

According to him, the new initiative will see salaries of personnel killed in the line of duty continue for up to 12 months from the date of death, or until all death benefits are fully processed and paid, whichever comes first.

The official said the initiative was designed to prevent financial hardship for bereaved families during the period of administrative processing of death benefits.

He added that the CAS had also approved additional welfare packages for officers, airmen and airwomen of the service.

“These measures are aimed at cushioning the prevailing economic pressures and reinforcing the NAF’s commitment to the wellbeing of its personnel.

“These initiatives are also part of a broader welfare reform agenda anchored on the understanding that the wellbeing of personnel and their families is a strategic enabler of combat effectiveness.

“Enhanced welfare drives effective warfare, ensuring that no airman is left unequipped, untrained or unmotivated,” he said.

The source further said that the initiatives reaffirmed the NAF’s resolve to honour the sacrifices of fallen heroes, support the families they left behind and sustain a motivated and mission-ready force.

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Tinubu directs nationwide distribution of rice for Ramadan, Lent

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PRESIDENT Bola Tinubu has directed the Renewed Hope Ambassadors to distribute rice across all states of the federation in support of citizens observing the ongoing Ramadan and Lenten seasons.

The initiative is intended to strengthen national unity and demonstrate compassion during a period that holds deep spiritual significance for both Muslims and Christians.

A statement issued by the Director-General, Renewed Hope Ambassadors and governor of Imo State, Senator Hope Uzodimma explained that “under the directive, the Renewed Hope Ambassadors will coordinate the distribution through their nationwide grassroots network to ensure that families across Nigeria benefit from the intervention during this holy season when both Muslims and Christians are fasting.”

According to the statement: “It is worth noting that a similar intervention was carried out during the last Christmas season, when rice was also distributed to support Nigerians celebrating the festive period.

“This continued effort reflects the administration’s consistent commitment to standing with citizens during important religious and cultural seasons.

“Both Christian and Muslim communities will receive rice as part of the nationwide distribution effort, reflecting the President’s commitment to inclusivity, solidarity, and shared national values.”

Commenting on the initiative, Governor Uzodimma said the programme underscored the President’s belief in supporting citizens during this period of fasting while strengthening interfaith harmony.

He said: “This initiative reflects President Tinubu’s commitment to unity and compassion. Ramadan and Lent are seasons that remind us of sacrifice, charity, and care for one another. Through this distribution, the Renewed Hope Ambassadors will ensure that families across Nigeria feel the spirit of togetherness during this sacred period.”

The statement concluded by saying that the distribution will be carried out across nationwide through the state, local government, and ward structures of the Renewed Hope Ambassadors to ensure broad reach and transparency.

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Police arrest two Customs officers for allegedly killing driver in Osun

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The Police Command in Osun says it has arrested two officers of the Nigeria Customs Service(NCS) in connection with a shooting incident that left a driver dead in Osogbo.

This was contained in a statement issued by the command’s spokesperson, DSP Abiodun Ojelabi, on Sunday.

Ojelabi explained that the two officers of the NCS were arrested in connection with a shooting incident that occurred at Dada Estate Area, Osogbo, on Sunday.

“‎The suspects were reportedly chasing suspected tokunbo (foreign-used) vehicles when the incident occurred.

“Meanwhile, the driver of the said ash-coloured Toyota Corolla, one of the vehicles being chased by the Customs officers, was shot and confirmed dead by a medical doctor at the Osun State University Teaching Hospital,” he said.

The command’s spokesperson said that the corpse of the yet-to-be-identified victim had been deposited in a morgue.

Ojelabi said several items were recovered from the scene, including a Beretta pistol with breech number 125024, 11 rounds of 9mm live ammunition and one expanded 9mm shell.

Other items recovered were a white Toyota Corolla with Lagos registration number AAA 400 GQ, and an ash Toyota Corolla with registration number GFQ 0982.

He said that the Commissioner of Police, Ibrahim Gotan, had ordered a thorough investigation to ascertain the circumstances surrounding the incident.

‎He assured members of the public that anyone found culpable would face the full wrath of the law.

He urged residents to remain calm and continue to cooperate with security agencies by providing credible information that can aid the investigation.

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