The Independent Media and Policy Initiative (IMPI) has justified two recently released reports by the National Bureau of Statistics (NBS) on Nigeria’s latest Gross Domestic Product (GDP) figure and the unemployment rate. This is against the backdrop of claims by some critics who had sought to discredit the reports that were largely positive a few weeks after they had hailed …

Worried by the high rate of youth unemployment in Nigeria, the Federal Government has revoked all previous directives regarding posting restrictions in the National Youth Service Corps (NYSC). A memo dated 18 November 2024, from the Minister of Youth Development, Comrade Ayodele Olawande, to the NYSC Director General, stated that this lifting of restrictions will take effect from the start …

Canada added 47,000 new jobs in September, pushing its unemployment rate down for the first time since the start of the year to 6.5 per cent, the government statistical agency said Friday. The acceleration in job creation, following months of little change, beat analyst forecasts. The gains were entirely full-time and in the private sector, but total hours worked fell …

Labour Party presidential candidate in Nigeria’s 2023 general elections, Mr Peter Obi, says security challenges bedevilling Africa are directly linked to poverty, with over 50 per cent of the population multi-dimensionally poor. The former governor of Anambra was speaking on Saturday in Athens, Greece’s capital, at an international dialogue of global leaders that includes former Presidents and top government officials. …

The Bank of Industry (BOI) has shown interest in partnering with the Imo State government for the purpose of enhancing the economic well-being and businesses of the citizens. The BOI made the commitment on Thursday in Owerri, the state capital, when its Managing Director/Chief Executive Officer, Dr Olasupo Olusi, paid a working visit with his key officials to the state …

Experts and crypto enthusiasts have lamented the current ban on Binance naira operations in Nigeria, stating it may increase youth unemployment in the country. In separate interviews with The PUNCH, the experts called on the government to look for better means of managing the country’s current foreign exchange challenges. An economist with Lotus Beta Analytics, Shedrach Israel, said that the …

A leading governorship aspirant under the platform of All Progressives Congress (APC), in Ondo state, Mr Wale Akinterinwa, has promised to address the issue of food crisis and youth joblessness in the state. Akinterinwa gave the promise while speaking during an interactive session with the Association of Retired Permanent Secretaries, Retired Senior Civil Servants, Ondo state chapter in Akure, the …

The United Nations on Wednesday said the global unemployment rate would increase slightly in 2024. It said an extra two million workers are expected to be looking for jobs in 2024, raising the global unemployment rate to 5.2 per cent. The UN, through its labour arm, International Labour Organisation, also raised concerns about stagnant productivity, worsening inequalities and inflation biting …

Primate of the Church of Nigeria, Anglican Communion, Most Reverend Henry Ndukuba, has said with the army of unemployed youths roaming the streets of Nigeria, the country is sitting on a time bomb. Ndukuba called on the federal government to come up with urgent measures to ameliorate the effect of the present economic hardship on Nigerians. The primate who made …

President Bola Ahmed Tinubu has been urged to tap into the benefits of the Igbo apprenticeship system in order to tackle the scourge of youth unemployment in Nigeria. At the sidelines of a public book presentation by The Sun newspapers in Abuja on Thursday, the chairman of United Nigeria Airlines Limited, Prof. Obiora Okonkwo said the apprenticeship scheme has the …