‘Unemployment rate in Nigeria will continue to rise’ – NLC

The Nigerian Labour Congress on Wednesday said there are indications that unemployment rate will increase owing to the current economic situation in the country.

This was revealed by the General Secretary of the NLC, Eson-Ozo during an interview with NAN in Abuja.

“This is because the way things are now, given all the economic parameters, we are actually faced with a situation in which the unemployment rate in Nigeria will continue to rise,” he said.

National Bureau of Statistics on Wednesday had released a statistics showing that the unemployment and underemployment rate in the country had risen to 13.3 per cent.

The bureau said 26 million Nigerians were either unemployed or underemployed.

Eson-Ozo said it was frightening that the world economy would be unable to help Nigeria.

He said, “If we take that (unemployment) along with the underemployment and disguised employment, we find that really, it is a very high rate, much higher than the global average.

“The world economy itself, the dynamics of the world economy into the next two years, will not create or turn the job market around.

“It is also frightening because apart from our local economic issues, the global economic environment will not even be supportive of our getting out quickly from the present situation.”


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