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Massive Unemployment Hit Nigeria as 1.3m Nigerians Lose Jobs

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A record 1.3 million Nigerians suffered job losses during the second quarter of 2015 alone, bringing the country’s total unemployment rate to greater than 6 million individuals, according to a recent report by National Bureau of Statistics (NBS).

A few among the companies partially responsible for this increase are IrokoTV, Deal Dey and Rocket Internet-owned Jumia, once considered major employment opportunities for the country’s workforce.

But in an effort to combat these statistics, Ifemidayo LayGiri, Joblanda, a staffing and education advancement advocate, has launched increased efforts to work with those affected by Nigeria’s diminishing employment availability.

LayGiri said that, “Over the last few months, several Nigerian companies have been laying off massive numbers of employees in a bid to “rightsize”. To date, we’ve made significant progress in helping those hardest hit find new jobs as well as placing recent university graduates just entering the workforce. Despite the growing unemployment rates, many companies across the country, not to mention the world, are desperately seeking qualified employees to fill crucial positions. Our role is to connect those looking for jobs with businesses in need of personnel, and we intend to forge ahead with this momentum.”

Owned by Qlimb Group, Joblanda serves various aspects of the employment sector, connecting disciplined members of the workforce with companies seeking new staff. The website additionally offers information regarding academic opportunities for those hoping to advance their careers and eligibility in various fields.

Among the top employers the company is currently partnered with are the Palladium Hotel Group, the U.S. Embassy in Abuja, A & E Petrol, AF-Mining Concepts, Boerata Energy and Technology Limited, KnowHow Media and Pfizer, to name a few of those listed at joblanda.com/companies.

Industries covered by the agency include finance, security, oil and gas, health care, technology, education and food service as well as other rapidly growing fields.

Placement is available for various experience levels ranging from new graduates to numerous years serving a chosen arena.

Factors considered in the company’s placement efforts encompass education, practical experience, training-based certifications and employment track record as well as other employer-specific requirements.

Concluded LayGiri, “Nigeria’s workforce continues to grow in contrast to diminishing job availability; however, all hope is certainly not lost. An array of employment opportunities still exist and more positions are opening up every day. We will continue to make every effort to remain a step ahead of the game on both ends of the spectrum. In doing so, we hope to foster the country’s economy and the morale of everyone involved. We encourage anyone affected by mounting lay-offs to contact us and find out how we can help.”


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UK–Nigeria Skills and Schools Trade Mission Concludes with Strong Foundations for Education Partnership

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A high-level UK delegation has concluded a week-long skills and schools trade mission to Nigeria, marking a significant step forward in education and skills cooperation between the two countries.

Running from 19-23 April 2026 across Abuja and Lagos State, the mission brought together leading UK private schools, skills providers, and education institutions with Nigerian partners, schools, and the Honourable Minister of Education Dr Tunji Alausa.

The mission follows the high profile and well received state visit to the UK in March, which also included education engagements.  Supported by the UK’s Department for Business and Trade (DBT), the mission forms part of its new International Education Strategy, under which Nigeria has been identified as one of five priority education markets, spearheaded by Professor Sir Steve Smith, who is looking forward to visiting the country again this year.

The mission focused on in-country delivery of education, the establishment of world-renowned UK schools in Nigeria, and the development of skills and Technical and Vocational Education and Training (TVET) systems aligned with industry demand.

In Abuja, the delegation met with Nigeria’s Honourable Minister of Education, Dr Tunji Alausa, securing strong political backing for UK–Nigeria education partnerships and set the groundwork for ongoing institutional collaboration across both schools and skills.

In Lagos, delegates engaged further with potential partners and investors. In both cities the delegation was thrilled to visit local British curriculum schools and colleges to further enable them to experience first-hand the teaching and learning environment.

British Deputy High Commissioner, Jonny Baxter, said: “The UK and Nigeria share a deep and longstanding relationship, and opportunities in education are one of its most exciting frontiers.

“This mission has demonstrated the strong appetite on both sides to deepen collaboration in education and skills.”

“By bringing together UK schools and skills providers with Nigerian partners and policymakers, we are laying the foundations for even more long-term partnerships that support Nigeria’s education priorities, strengthen skills aligned to industry needs, and create opportunities for sustainable, in-country delivery as well as positioning Nigeria as the regional hub for high quality education.”

DBT Head of International Education, Sarah Chidgey, said: “This mission is a perfect example of the International Education Strategy being put into action, building on multiple two-way visits and the UK and Nigeria’s warm relationship. It has been heartening to see all the progress in UK Nigeria education collaboration since my first visit to Nigeria, as part of a wider delegation, in 2022.”

DBT’s mission concluded with a strong pipeline of follow-up activity, including targeted one-to-one meetings, MoU discussions, and agreed next steps between UK and Nigerian counterparts.

 


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Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

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President Bola Tinubu has requested Senate approval for a $516.3 million foreign syndicated loan to fund key sections of the Sokoto-Badagry superhighway, a cornerstone of his Renewed Hope Agenda.

Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

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In a letter read by Senate President Godswill Akpabio during Thursday’s plenary, Tinubu invoked Sections 16 and 21 of the Debt Management Office Act, 2011, to secure financing via Deutsche Bank AG for Sections 1, Phase 1A, and 1B. The 1,000-kilometre project will span Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, linking Illela to Badagry and boosting trade, connectivity, and goods movement.

The nine-year loan, with a three-year grace period and interest at SOFR plus 5.3 per cent, includes a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The Federal Government will provide over ₦265 billion in counterpart funding for land acquisition and infrastructure.

Akpabio referred the request to the Senate Committee on Local and Foreign Debts for a one-week turnaround report. He endorsed the borrowing, stating it advances road safety and national integration.

The highway aims to cut travel times and stimulate economic corridors, with the Federal Executive Council already approving the plan.


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Karex, World’s Top Condom Maker to Hike Prices due to Iran war

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Karex, world’s largest condom maker, plans to raise prices by up to 30 percent due to supply disruptions linked to the Iran war.

Karex, World's Top Condom Maker to Hike Prices due to Iran war

This means that safe sex could get more expensive if the war continues to disrupt global supply chains, according to Goh Miah Kiat, CEO, Karex.

Kiat told old Reuters that rising freight costs and shipping delays have increased demand and forced the company to pass costs to customers.

Broader supply chain issues and higher oil prices could impact many everyday products that rely on petrochemicals.

“The situation is definitely very fragile, prices are expensive… We ​have no choice but to transfer the costs right now to ⁠the customers,” Goh told Reuters.

Karex joins a growing list of companies that are bracing for supply chain disruptions amid the ongoing war in Iran.

Based in Malaysia, Karex produces condoms, personal lubricants, gloves, medical catheters and probe covers.

The company manufactures male latex condoms including ONE, Trustex, Carex and Pasante, and it can produce over 5 billion condoms annually. Karex also exports to more than 130 countries, according to its website.

“We’re seeing a lot more condoms actually sitting on vessels that have not arrived at their destination but are highly required,” Goh said.

 


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