Tag: NACCIMA
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NBS Unemployment Data a Fabrication – NLC, Business Groups Reject 4.3% Figure
Nigeria’s unemployment figures have sparked controversy as the National Bureau of Statistics (NBS) reports a decline to 4.3% in Q2 2024, down from 5.3% in the previous quarter. However, the Nigerian Labour Congress (NLC) and business leaders have strongly contested these figures, describing them as disconnected from economic realities. Key Statistics Under Scrutiny According to…
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Tinubu Celebrates as Nigeria’s GDP Growth Hits 3.46% in Q3 2024
Nigeria’s economy showed significant improvement in the third quarter of 2024, growing by 3.46% year-on-year according to the latest data from the National Bureau of Statistics (NBS). The growth rate surpassed both the previous quarter’s 3.19% and the 2.54% recorded in the same period last year. Services Sector Emerges as Key Growth Driver The services…