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NBS says Economy Created 2.5m Jobs in Two Years

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Dr Yemi kale, Statistician-General of the Federation
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The National Bureau of Statistics (NBS) yesterday said the Nigerian economy created a total of 2.48 million new jobs between July 2012 and June this year.

Dr. Yemi Kale, statistician general for the Federation and chief executive of the NBS, gave the figure in Abuja while speaking at a workshop on the review of definition and methodology for computing unemployment statistics in Nigeria.

A breakdown of the figure revealed that the highest number of jobs was created in the informal sector with 1.41 million, while the formal sector with 903,804 jobs and public institutions with 160,591 jobs followed respectively.

Further analysis of the jobs created in the economy revealed that 427,296 and 385,913 jobs were created in the third and fourth quarters of 2012.

For the first, second, third and fourth quarters of 2013, the bureau put the new jobs created at 431,021; 221,054; 245,989 and 265,702 respectively.

In the first and second quarters of this year, it said 240,871 and 259,353 new jobs were created respectively in various sectors of the economy.

Kale, while giving more details on the jobs created within the first quarter of this year said, “In the first quarter of 2014, the formal sector recorded 76,018 new jobs; informal recorded 158,894 new jobs, while the public sector recorded 5,959 new jobs.

“The total new jobs for quarter one of 2014 was therefore 240,871. This is a decrease by 10.3 per cent from the previous quarter, which recorded 265,702 jobs and lower than the 431,021 jobs created in the corresponding quarter of 2013.”

He said the jobs created in the formal sector in the first quarter of 2014 was also lower than the number of jobs created in the previous quarter at 101,597 and the corresponding quarter in 2013 at 174,326.

The education (private) sector, he noted, dominated the formal sector with the most number of jobs, accounting for 23,643 jobs or 31 per cent of the total share.

This, according to him, was followed by manufacturing with 11,088 jobs representing 14.6 per cent.

“Electricity, gas steam, and air conditioning supply sector, (12 jobs) and water supply, sewage, waste management and remediation sector (12 jobs) created the least jobs in the first quarter 2013,” he added.

For the second quarter of 2014, the NBS boss said the formal sector recorded 78,755 new jobs, the informal recorded 175,786 while the public sector had 4,812 new jobs.

He said as was the case with the first quarter, the education and manufacturing sectors dominated the formal sector with the most number of jobs, accounting for 29,060 or 36.9 per cent and 11,138 or 14.14 per cent respectively.

He said telecommunications and information services sector with 12 new jobs and the accommodation and food services sectors with 57 fresh jobs had the least share of jobs created in the second quarter.

Meanwhile, Kale at the event inaugurated a committee to review the methodology for computing unemployment statistics in Nigeria.

The committee, according to him, would deliberate on the current definition of unemployment as applied by NBS as well as propose a most suitable definition for the Nigerian environment, while still satisfying international best practice.

He said the review became imperative since the 40-hour a week definition of employment was no longer adequate as it negates the definition of International Labour Organisation.

The ILO defines employment as persons in the labour force who have been employed for at least one hour in a week.

Kale said, “Using ILO definition strictly, unemployment rate in Nigeria for 2011 will be 2.2 per cent.

“Using NBS’s adjusted definition of unemployment, Nigeria’s unemployment rate stood at 23.9 per cent in 2011.

“Unfortunately, NBS definition also presents challenges. If you work for 39 hours a week, you will be classified as unemployed who is also inadequate.”

The committee to be headed by Prof Sarah Anyanwu has representatives from the Central Bank of Nigeria, National Planning Commission, Federal Ministry of Finance, Agriculture, and Labour among there as members.


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Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

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Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos Govt

Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.

GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.

Individuals owe N13.5 million to N35 million each.

Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.

More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.

Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.

Pedro urged prompt filings and payments.


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Beware of Fake Cerelac Products – NAFDAC

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National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

Beware of Fake Cerelac Products – NAFDAC

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.

It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.

NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).

Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.

NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.

It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.

According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.

“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.

“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.

The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.

It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.

NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.

It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.

The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.


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NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

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The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.

Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.

“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.

Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.

“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.

He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.

“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.

During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.

Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.

“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.

The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.

In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.

Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.

The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.

 


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