Connect with us

News

Unemployed Nigerians Hit 22m in 2020- NBS

Published

on

Kindly share this post

The total number of unemployed Nigerians is 21,764,617, according to National Bureau of Statistics (NBS).

Unemployed Nigerians Hit 22m in 2020- NBS

The statistics are contained in the bureau’s Labor Force Statistics website, entitled “Unemployment and Underemployment Report (Q2 2020) released in Abuja.

It referred to the report as an Abridged Labour Force Survey under COVID-19 for August 2020.

The unemployment rate during the period in reference represented a 27.1 per cent rise from the 23.1 per cent recorded in the third quarter of 2018.

“A rise in unemployment generally means the number of people searching for jobs has increased, which can occur because people previously outside the labour force have decided to join the labour force and are now in search of jobs.

“Or people previously working have lost their jobs and are now in search of jobs.

“Often, it is a combination of these two,” the NBS said.

According to the report, the total number of people in employment during the reference period is 58,527,276. “

The statistic of those employed showed a 15.8 per cent reduction in employment in the third quarter of 2020.

Of this number, 35,585,274 were full-time employed, who worked for 40 hours or more per week, while 22,942,003 were under-employed and worked between 20 to 29 hours per week.

The number of persons in the labour force, people within ages 15 to 64, able and willing to work was estimated to be 80,291,894.

The figure represented an 11.3 per cent decrease in the number of persons recorded in the third quarter of 2018.

Of this number, those within the age bracket of 25 to 34 were highest with 23,328,460, representing 29.1 per cent of the labour force.

The NBS noted that the unemployment rate among rural dwellers in the period under review increased to 28 per cent from 23.9 per cent in the third quarter of 2018.

Urban dwellers also reported a rate of 25.4 per cent up from 21.2 per cent.

In the case of underemployment among rural dwellers, it rose to 31.5 per cent in the period under review from 22.8 per cent in the third quarter of 2018.

The rate among urban dwellers also rose to 23.2 per cent from 13.7 per cent in the third quarter of 2018.

Moreover, the unemployment rate among young people, ages 15 to 34 in the second quarter of 2020 was 34.9 per cent up from 29.7 per cent in the third quarter of 2018.

Also, the rate of underemployment for the same age group rose to 28.2 per cent from 25.7 per cent.

These rates were the highest when compared to other age groupings.

For state statistics under the second quarter of 2020, Imo reported the highest rate of unemployment with 48.7 per cent, followed by Akwa-Ibom and Rivers with 45.2 per cent and 43.7 per cent respectively.

The state with the lowest rate was Anambra in the South-East with 13.1 per cent.

For underemployment, the state which recorded the highest rate was Zamfara with 43.7 per cent, while Anambra recorded the lowest underemployment rate, with 17 per cent.

A total number of 2,736,076 did not do any work in the last seven days preceding the survey due to the lockdown but had secure jobs to return to after the lockdown.

The NBS said the unemployment and underemployment rates varied across states according to the nature of economic activities predominant in each state.

“Favorable conditions in one state may lead to an influx of jobseekers in that state and in the process increasing unemployment in the performing state, while reducing the unemployment rate in the originating state.

“This may give a false impression that the state with the lower unemployment rate is performing better,” it said.

 

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

News

IHS Nigeria, National Commission for Museums and Monuments Launch Nigeria’s First Digital Museum of Antiquities

Published

on

Kindly share this post

IHS Nigeria, part of the IHS Holding Limited (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, and the National Commission for Museums and Monuments (NCMM) are pleased to announce the launch of Nigeria’s first digital museum of antiquities, marking an important step towards digitizing Nigeria’s cultural heritage.

Unveiled today by the Director General of the National Commission for Museums and Monuments, Olugbile Holloway, this landmark initiative represents a significant milestone in modernizing the preservation and promotion of Nigeria’s cultural assets and making them more accessible to a global audience.

The digital museum is the first significant project under the NCMM’s Digital Culture Initiative. Aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the initiative is designed to provide a platform for the exploration and appreciation of Nigeria’s diverse cultural heritage. It also demonstrates the power of public-private sector partnerships and underscores IHS Nigeria’s commitment to sustainability and its role in helping foster cultural preservation and digital education.

Mohamad Darwish, CEO, IHS Nigeria, commented, “Today is a proud moment for us as we see the digital museum come alive. As a company deeply rooted in Nigeria, we are excited to have played a key part in this groundbreaking effort to preserve and promote Nigeria’s cultural heritage, while also making it accessible to people around the world.

“The success of this partnership with the National Commission for Museums and Monuments and the Federal Ministry of Art, Culture, Tourism and the Creative Economy, reinforces our commitment to the innovative use of technology to promote education, transform communities and drive economic growth. I look forward to seeing how this will help evolve the museum culture in Nigeria, as well as appreciation for Nigeria’s rich history globally.”

Hannatu Musawa, Nigeria’s Minister of Art, Culture, Tourism and the Creative Economy, commented, “This historic event marks a transformative milestone in the preservation, promotion, and accessibility of Nigeria’s vast cultural heritage. For the first time, authentic Nigerian antiquities will be showcased in an innovative digital space, making our rich history and artistic expression accessible to audiences both within and beyond our borders. This initiative not only preserves our heritage, but also projects Nigeria’s cultural legacy onto the global stage.

This remarkable achievement would not have been possible without the valuable partnership between the National Commission for Museums and Monuments and IHS Nigeria. Their collaborative vision and commitment to cultural advancement have set a new benchmark for public-private partnerships.

“This partnership exemplifies the power of collective effort in driving innovation, fostering national pride, and enhancing the creative economy. I urge all Nigerians and the international community to embrace this new era of digital cultural engagement, as we continue to celebrate and safeguard our national treasures for generations to come.”

Olugbile Holloway, Director General, National Commission for Museums and Monuments, commented, “The launch of this digital museum represents a groundbreaking idea finally brought to fruition. The vision behind this museum is to make Nigeria’s heritage more accessible to a wider, younger, tech savvy audience. It is our hope that this first iteration of the digital museum will serve as a starting point for building a digital repository of real-life Nigerian antiquities that we will continue to expand over time.

In creating this digital museum, over 200 actual antiquities from our collection at the National Museum Lagos have been 3D scanned and placed in an immersive environment. Each object is also tagged with the relevant educational material to provide viewers with more information on the object being displayed.

I would like to take this opportunity to thank IHS Nigeria for their invaluable partnership and support in bringing this vision to life and look forward to future collaborations to further display Nigeria’s rich cultural heritage to an even broader audience.”


Kindly share this post
Continue Reading

News

RMRDC Urges Investors to Patronise Research Outputs, Embrace Domestic Resource Based Manufacturing

Published

on

Kindly share this post

The Raw Material Research and Development Council (RMRDC) is wooing Nigerian investors to patronise its research outputs by embracing domestic resource based manufacturing that would end Nigeria’s industrial dependency.

The RMRDC made at the Nigeria Manufacturing and Equipment/Nigerian Raw Materials (NME/NIRAM) Expo 2025 through its Director Agricultural and Agro Allied Raw Materials Department, Raw Material Research and Development Council (RMRDC), Dr. Sab C. Ebiriekwe, and the Managing Director of Jola Global Industries Limited, Dr. Moses Omojola, who was formerly a director with RMRDC.

They pointed out that the Nigerian manufacturing sector is relying on importation for over 75 per cent of its industrial inputs while about 80 per cent of manufacturing firms in Nigeria are owned by foreigners.

Ebiriekwe said in his presentation titled “Harnessing Local Resources: Enhancing Value Addition Through Innovation in Raw Material Sourcing” that Nigeria is grappling with industrial dependency despite being endowed with vast natural resources, adding that no country industrialises sustainably without local raw material transformation through innovation.

He said that despite the abundance of local raw materials, only 35 per cent of local manufacturers in Nigeria could rely on steady access to local raw materials.

He added that a gap exists between research outcome and practical application as “only 5.0 per cent of research outputs reach commercialisation.”

According to him, Nigeria’s failure to beneficiate and industrialise its raw material is hindering its bid for economic diversification, jobs creation and export competitiveness.

“As value of industrial raw material imported in 2023 was N2.41 trillion; share of imported manufacturing inputs are over 75 per cent and non-oil export is dominated by unprocessed raw/agro products.”

Omojola, who retired as a director with RMRDC, said during the panel session that about 80 per cent of industries in Nigeria are owned by foreigners, especially Asians.

He asked: “How come Nigerians are going into manufacturing? I have lectured in the university and have worked in RMRDC for 25 years but I told myself that it will be disservice to leave RMRDC without taking home one project. And to the glory of  God I am today a manufacturer in Ekiti State.”

According to him, manufacturing “is very stressful but more rewarding,” which is the reason Asians are coming to Nigeria? “When I ask my Asian friends why they are in Nigeria they will reply that Nigeria is good. And now that I have started manufacturing, I have known that Nigeria is good,” he said.

Omojola also challenged politicians to invest the money they have made from politics into manufacturing in order to create more jobs in the economy.

“We should be going into resource based industry. I produce vegetable oil. Today, Indonesia and Malaysia cannot bring in vegetable oil into Nigeria because our own price is cheaper than their own. Therefore, no imported vegetable oil can compete with us,” he said.

The Founder of AfricanFarmer Discovery Hub, Mr. AfricanFarmer Mogaji, said that chemical extracted from water leaf had been used to coat mugs by Oluwa Glass in Ondo State.

“That was innovation. But unfortunately, it was not scaled. In Ibadan, the shell of the cashew nut had been used in making brake pads. We can revisit these innovations at Small and Medium Enterprises (SMEs) level,” Mogaji said.

He also urged retire military generals to invest in manufacturing like their counterparts in Malaysia that funded Malaysia’s turn around.

However, the Managing Director of Spectra Industries Limited, Mr. Duro Kuteyi, said that absence of government’s policies that could protect the SMEs is one of the reasons Nigerians are not going into manufacturing.

Kuteyi said: “Unless government will come up with policy the way India is protecting its products and SMEs, it will take time for us to grow.

“I started using Nigerian raw materials to make products like natural cocoa powder that is good for diabetics, hypertension, etc. We also use soya as one of our basic raw materials.

“But as it is currently, SMEs are finding it difficult in the market place where they are competing with multinationals that are ready to kill them and kill them totally.

“A multinationals firm went to the market and offered generators to my customers to stop dealing on my products.”

The Managing Director of FACCO West Africa, Mr. Femi Adelayo, said that wealthy Nigerians should be encouraged to embrace manufacturing rather than buying houses in Dubai.

Adelayo also said that manufacturers should be supported with a holistic robust policy to ensure their survival and enable Nigeria to withstand the emerging global trade dynamics that is being characterised by punitive tariffs.

He appealed to the RMRDC to help his livestock feed manufacturing firm with raw materials that could substitute for maize and soya. He said: “We work in the feed mill industry where we produce livestock feeds. But maize and soya are major challenges. We will like RMRDC to help us to have alternative protein production.”


Kindly share this post
Continue Reading

News

Zinox Chairman Leo Stan Ekeh Donates State-of-the-Art Tech Experience Centre to Federal University Birnin Kebbi

Published

on

Kindly share this post

Federal University Birnin Kebbi (FUB) received a significant boost in its quest to produce globally competitive graduates, following the donation of a multimillion-naira Tech Experience Centre by the Leo Stan Ekeh Foundation (LSEF).

The facility, donated by Mr. Leo Stan Ekeh, Chairman of Zinox Group and Founder of LSEF, was commissioned on his behalf by the President of the Nigeria Computer Society (NCS), Dr. Muhammad Sirajo Aliyu, FNCS.

The centre is equipped with the latest Zinox computers, powered by the iPower renewable energy suite, which features high-performance solar panels and certified lithium batteries. It is also connected to a 24-hour, non-disruptive satellite internet service powered by Starlink, a service that the LSEF has committed to funding for the next five years.

According to Mr. Ekeh, the Tech Experience Centre is dedicated to the use of students and knowledge workers at FUB, with the aim of equipping them with the digital skills and resources required to compete with their peers globally and contribute meaningfully to Nigeria’s economic development.

This centre is one of several cutting-edge technology hubs donated by the Leo Stan Ekeh Foundation to tertiary institutions across Nigeria. It supports the Federal Government’s vision to upgrade the nation’s higher institutions to world-class standards.

For over 25 years, Mr. Ekeh and the Zinox Group have consistently invested in promoting digital education by donating tech laboratories and innovation hubs. In recent years, the Foundation has delivered and equipped centres at St. Augustine University, Lagos, and Imo State University and refurbished older facilities it had donated in the past. According to Mr. Ekeh, the next phase will see the Foundation extend similar interventions to secondary schools across the country.

He called on politicians, government agencies, and wealthy Nigerians to intentionally invest in the nation’s education sector, stressing that a well-educated populace is the Foundation for national development.

Mr. Ekeh expressed his appreciation to the Chairman of the University Council, the council members, Vice Chancellor Professor Muhammad Zaiyan Umar, members of the University Management, staff, and students of FUB, as well as the Honourable Minister of Education, Dr. Tunji Alausa, for their support in accommodating the LSEF’s vision.

Speaking on behalf of the university, Professor Muhammad Zaiyan Umar, Vice Chancellor of FUB, expressed deep appreciation to Mr. Ekeh and the LSEF for the generous donation.

“This Tech Experience Centre will make a remarkable difference in the academic and research output of our students and staff. We are grateful for Mr. Ekeh’s vision, generosity, and long-standing contributions to this institution and to digital education in Nigeria. This facility is more than a building with computers; it is an investment in the future of our graduates and the growth of our nation.”

Speaking on the sidelines of the commissioning, Mr. Chimezie Orisakwe, Head of Corporate Communications for the Zinox Group, highlighted Mr. Ekeh’s sustained promotion of digital learning across Nigeria — from interventions in the media sector to landmark projects with the media, Independent National Electoral Commission (INEC), the National Population Commission (NPC), and others.

He also highlighted Mr. Ekeh’s reflection on the current state of Nigeria’s education sector, warning that many institutions, both public and private, face severe funding deficits. This, he noted, raises the risk of closures, which would deprive graduates of the enduring legacy of their alma maters.

To address these challenges, the Zinox Chairman proposed that the Federal Government adopt a college system and reclassify existing universities. He recommended granting approvals for specialized professional colleges affiliated with reputable universities, similar to the Lagos University Teaching Hospital (LUTH) model with the University of Lagos.

Ekeh emphasized that the quality of an institution’s academic content now matters more than its physical size. Those passionate about establishing tertiary institutions must be focused on their core mission, be willing to invest adequately, and possess the mental and financial capacity to sustain standards.

He further urged that educational institutions be regulated even more stringently than banks, given their central role in producing the human capital that drives both the public and private sectors.

“Educational institutions are not limited liability companies that can be liquidated at will. Their true profit is not in short-term returns but in the quality of graduates they produce, men and women who can lead this nation and give back to the institutions that shaped them,” Ekeh stated.

The donation to FUB is the latest in a long list of interventions by the Zinox Group to support Nigeria’s technological advancement. Through the Leo Stan Ekeh Foundation, the Group has also funded thousands of scholarships, donated modern digital learning facilities nationwide, extended non-interest loans to budding entrepreneurs, and supported churches, hospitals, and humanitarian causes.


Kindly share this post
Continue Reading

Trending