Nigeria’s Unemployment Figure is Frightening Says Obi


Mr. Peter Obi, the vice presidential candidate of the Peoples Democratic Party (PDP), has described the report of worsening unemployment situation in the country as very saddening. He said what is required at the moment is a complete change of approach to economic policies and a more aggressive effort to provide jobs for millions of Nigerians.

This came as the Minister of Budget and National Planning, Senator Udoma Udo Udoma, explained that although the unemployment figures released recently by the National Bureau of Statistics (NBS) indicated an increase in the unemployment rate, it is not the same thing as job losses The former Anambra state governor who spoke in Abuja yesterday said the present All Progressives Congress (APC)-led administration has not done the right thing to arrest the surge in unemployment rate. He said based on the latest report released by NBS, the number of Nigerians that are employable is now 115 million and the number working is about 70 million.

He said, “So, there is a gap of about 40 million that is supposed to be working that is not working. For me the first expression is sadness. You know that I have always said that this election will be strictly about issues that concern ordinary Nigerians; issues about the voiceless 87 million poor people living in Nigeria, issues about the millions of unemployed people in the country. I think the most critical issue for Nigeria today is how do we start pulling those 87 million people out of poverty and how do we ensure that millions of unemployed Nigerians get jobs. The economic architecture is faulty. There are areas you need to focus; there are areas you need to sincerely support which is not happening.”

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