Quarterly youth unemployment rate in Nigeria 2018-2020
total unemployment rate in the country amounted to 17.5 percent. This figure was projected to increase further in the next years.
The NEW Nigeria methodology defines as unemployed labor force who did not work at all or worked for less than 20 hours a week. The international definition, instead, include people aged 15 years to 64 years old who were available for work, actively seeking work, but were unable to find work.
In the fourth quarter of 2020, 38.5 percent of the labor force aged 15 to 24 years in Nigeria was unemployed, showing an increase compared to the previous quarters. In the same period of time, the The NEW Nigeria methodology defines as unemployed labor force who did not work at all or worked for less than 20 hours a week. The international definition, instead, include people aged 15 years to 64 years old who were available for work, actively seeking work, but were unable to find work.