2.5m New Jobs Created in 2 Years - NBS

The National Bureau of Statistics (NBS) has revealed that 2.48 million new jobs were created in the Nigerian economy between the third quarter of 2012 and the second quarter of 2014.

The Statistician General for the Federation and chief executive of the NBS, Dr Yemi Kale, made the disclosure in Abuja while speaking at a workshop on the review of definition and methodology for computing unemployment statistics in Nigeria.

According to him, the highest number of jobs were created in the informal sector with 1.41 million, followed by the formal sector with 903,804 jobs, and public institutions with 160,591.

Dr Kale also disclosed that a total number of 240,871 jobs were created in the first quarter of this year, indicating a decline of 10.3 per cent from the previous quarter, which recorded 265,702 jobs.

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