Surprise: 33 million Nigerians jobless -NBS

Posted by admin Headlines Wednesday, September 14th, 2011

About 32.5million Nigerians are unemployed, the National Bureau of Statistics (NBS) has said.

The Statistician General of the Federation, Dr Yemi Kale, made this disclosure in his maiden press briefing on Wednesday in Abuja .

He said the figure was the latest as it was released in 2010 for 2011.

Dr Kale said the NBS had developed a system whereby the number of jobs created in the country would be known.

On inflation rate, the NBS boss said while all items stood at 9.4 per cent, last month, inflation was maintained at a single digit with Consumer Price Index (CPI) rising by 9.3 per cent year on year.

According to him,“the monthly change in the CPI was 1.67 per cent in July 2011. The all items year on year average consumer price level for urban and rural dwellers rose by 7.1 per cent and 11.1 per cent respectively. With respect to 12-month moving average, the CPI change is 11.6 per cent which is slightly lower than the figure in July which was 12 per cent.”

On food inflation, he said the average change in prices on a year on year was 8.7 per cent, 2.7 per cent on a month on month basis and 11.6 per cent on a 12-month moving average basis.

He stated further that, core inflation, which is all items less farm produce stood at 10.9 per cent on a year on year basis, 12 per cent on a 12-month moving average basis and 0.9 per cent on a month by month basis.

Dr Kale noted that agriculture remained the largest contributor to the Gross Domestic Product (GDP) at 41.49 per cent in the second quarter compared to 42.32 per cent in the second quarter of 2010. Similarly, wholesale and retail trade account for 16.75 per cent.

He said crude petroleum and natural gas contributed to 14.84 per cent compared to 15.7 per cent and manufacturing contributed 3.91 per cent in the second quarter of 2011 compared to 3.93 per cent in the second quarter of 2010.

-Tribunewp_posts