In line with a report by Bloomberg, Nigeria is the second highest nation on the earth with an unemployment rate.

Africa’s most populous nation, with over 200 million inhabitants, had a 27.1 % employment charge as of Q2 2020 and had a surge to 33.3 % in This fall, in accordance with a report launched by the Nigerian Bureau of Statistics (NBS).

In keeping with NBS, the underemployment charge noticed a lower from 28.6 per cent to 22.8 per cent, whereas a mixture of each the unemployment and underemployment charge for the This fall stood at 56.1 per cent.

Figures tracked by Bloomberg confirmed that with the 33.3 % unemployment charge, Nigeria surpasses South Africa and comes second after Namibia with 33.4 %.