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Imo tops, as Nigeria’s unemployment rate hits 27.1% in Q2 2020

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Nigeria’s unemployment rate has increased to 27 per cent in the second quarter of 2020, a move from 23.1 per cent reported in Q3 2018 according to the National Bureau of Statistics (NBS)

The NBC in its ‘Labor Force Statistics: Unemployment and Underemployment Report’ released on Friday also disclosed that the number of persons in the economically active age (15 – 64 years), jumped from 115,492,969 in Q3 2018 to 116,871,186 in Q2 2020.

“For the period under review, Q2 2020, the unemployment rate among young people (15-34 years) was 34.9 per cent, up from 29.7 per cent, while the rate of underemployment for the same age group rose to 28.2 per cent from 25.7 per cent in Q3 2018,” the NBS report said. “These rates were the highest when compared to other age groupings.

“The number of persons in the labour force (i.e. people within ages 15 -64, who are able and willing to work) was estimated to be 80,291,894″.

This was 11.3 per cent less than the number of persons in Q3 2018.

“Of this number, those within the age bracket of 25-34 were highest, with 23,328,460 or 29.1 per cent of the labour force,” it added.

The report further revealed that the number of employed people in Q2 2020 slumped by 15.8 per cent to 58,527,276 when placed side by side with that of Q3 2018.

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“Of this number, 35,585,274 were full-time employed (i.e. worked 40+ hours per week), while 22,942,003 were underemployed (i.e. working between 20-29 hours per week)”.

At 48.7 per cent, Imo State has the highest unemployment rate in the country and is trailed by Akwa-Ibom State (45.2 per cent) and Rivers State (43.7 per cent).

Anambra State, however, has the lowest unemployment rate in the nation – 17 per cent.

“For underemployment, the state which recorded the highest rate was Zamfara with 43.7 per cent, while Anambra State recorded the lowest underemployment rate, with 17 per cent in Q2 2020,” the agency said.

Due to the COVID-19 pandemic, the NBS said: “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.”

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Yorubas will resist arrest of proponents of Oodua Republic – Group

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Groups under the aegis  of Yoruba Frontier Movement (YFM) on Thursday called on President Muhammadu Buhari to resist from using security agencies to harass, intimidate or arrest proponents of Oodua Republic.

YFM in a statement made available to journalists by its National Coordinator, Comrade Abdulkabir Adesina and National Secretary, Aderemi Adisa condemned the plan by security agencies to arrest proponents of Oodua Republic, saying that such action will only lead to breakdown of law and order.

The statement read, “We have received reports that there are plans by security agencies to arrest proponents of Oodua Republic headed by Chief Sunday Igboho. We are using this medium to call on President Muhammadu Buhari to order security agencies to desist from such attempts because proponents of Oodua Republic are operating within the ambit of the law of the Federal Republic of Nigeria.”

The group wondered why proponents of Oodua Republic have become the target of security agencies while Fulani herdsmen and bandits have remained untouchable.

“We should even go down memory lane. President Muhammadu Buhari while desperately seeking to become Nigeria’s president made many inciting statements capable of bringing anachy into the country but ex- President Jonathan never ordered for his arrest. On many occasions northern youths and elders have made similar inciting statements and heaven didn’t come down. As a matter of fact we have been calling for restructuring of Nigeria for a very long time.The failure of government to restructure Nigeria is the reason why we are calling for Oodua Republic. Yorubas have suffered greatly since the amalgamation of the country in 1914 owing to injustice against Yoruba race in Nigeria. As a race we have every right to demand for our right to either stay with Nigeria or go our separate ways”, the statement added.

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It further lauded  Chief Sunday Igboho for taking the bull by the horn, saying that Yorubas are fully in his support.

“We are using this medium to call on traditional rulers, Obas , leaders and all Yoruba sons and daughters to support the proponents of Oodua Republic”, the statement concluded.

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Real reason FG approved establishment of new anti-corruption agency

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The Federal Executive Council (FEC) on Wednesday disclosed that it has approved the establishment of a new anti-corruption agency which will be saddled with proper coordination of all recovered looted assets.

Minister of Justice, Abubakar Malami,shortly after the FEC meeting explained that assets recovered have been in the hands of several agencies and that better coordination will encourage international/overall coordination in recovering more looted assets.

He added that It is on this premise that the new anti-corruption agency named, ‘Proceeds of Crime Recovery and Management Agency’ is to be saddled with the responsibility of managing the assets that constitute the proceeds of crime in Nigeria.

Malami also informed that the FEC has approved transmission of a bill, titled, “Proceeds of Crime Recovery and Management Agency Bill,” to the National Assembly.

The Attorney-General of the Federation (AGF), explained that once the bill becomes law and the agency is established, it would see to proper documentation and management of such recovered assets and thereby guarantee transparency and accountability.

An agency of this nature, according to Malami has become necessary in a bid to consolidate the gains achieved so far in the government’s war against corruption.

In his words, “the Federal Ministry of Justice presented to Council a memo today (Wednesday).

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“The memo is about a Bill which seeks the approval of the Council to transmit to the National Assembly for passage.

“It is the Proceeds of Crime Recovery and management Agency Bill.

“It is in essence a bill that is targeted and intended to have in place a legal and institutional framework. The legal component of it is having a law and the institutional component of it is to have an agency that will be saddled with the responsibility of managing the assets that constitute the proceeds of crime in Nigeria.

“What happens before now is the proceeds of crime are scattered all over, and mostly in the hands of different and multiple agencies of government inclusive of the police, the DSS (Department of State Service), EFCC (Economic and Financial Crimes Commission), and ICPC (Independent Corrupt Practices and other Related Offences Commission).

“So, with that kind of arrangement which is ad-hoc, there is no agency of government that is saddled with the responsibility of data generation, an agency that can give you off-hand the number of landed assets, number of immovable assets, the amount in cash that are recovered by the federal government by way of interim forfeiture overweigh of a final forfeiture.

“So, it is indeed over time a kind of arrangement that is not uniform and consistent.

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“If you have a budget item for recovered assets, this agency will now be in a position to provide information to the federal ministry of finance, budget and National Planning on-demand as to what amount is there available for budget purposes, thereby establishing the desired transparency, the desired accountability which has not been available before now,” the AGF added

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Nigeria at 60: President Buhari unveils logo

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As the most populous country in Africa- Nigeria approaches its Diamond Jubilee, the nation’s President, Muhammadu Buhari on Wednesday unveiled the logo which will be used in the celebration of the anniversary.

The unveiling which  took place during the Federal Executive Council (FEC) meeting in Abuja, was witnessed by Federal Ministers and the Vice-President, Prof. Yemi Osinbajo.

Nigeria at 60 logo

The Minister of Interior, Rauf Aregbesola; Minister of Information and Culture, Lai Mohammed; Minister of Works and Housing, Babatunde Fashola, among others were in attendance.

It will be recalled that the Federal Government had earlier in September called on Nigerians to submit creative ideas that can brand the anniversary which is themed “Together at 60”.

Nigeria’s Independence is usually celebrated annually on October 1.

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