Unemployment rate
The National Bureau of Statistics, NBS, yesterday reported that the national unemployment rate as at the end of 2013 stood at 23.9 per cent. From 5.8 % in 2008 www.tradingeconomics.com/nigeria/unemployment-rate www.nucleus.com.ng/article/national-unemployment-rate-now-239-–-nbs/1760 |
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POVERTY INDEX
2004 = 54.4 % 2010 = 61.2% 2011 = 71% 2014/13 = no figures yet The National Bureau of Statistics on Monday said that 112.519 million Nigerians live in relative poverty conditions. Apart from the relative poverty index, other poverty measurement standards are absolute measure, which puts the country’s poverty rate at 99.284 million or 60.9 per cent; the dollar per day measure, which puts the poverty rate at 61.2 per cent; and the subjective poverty measure, which puts the poverty level at 93.9 per cent. The 26-page report, which provides details of poverty and income distribution across the country, put the 2004 poverty measurement rate at 54.4 per cent. The Statistician-General of the NBS, Dr. Yemi Kale, while unveiling the report, noted that the figure might increase to 71.5 per cent when the 2011 figure is computed. www.punchng.com/business/business-economy/112-5-million-nigerians-live-in-poverty-nbs/
Health care : life expectancy
The average life expectancy in Nigeria, which was put at 52 years as of 2011 by the World Bank’s recent report, is the 17th lowest in the world. SUNDAY PUNCH’ s analysis of the report showed that the bottom 20 countries were mainly Sub-Saharan African countries, except Afghanistan, where the average life expectancy was put at 49 years. www.punchng.com/news/life-expectancy-in-nigeria-17th-lowest-globally-report/ A new report released Saturday by the World Health Organisation (WHO) has indicated that life expectancy in Nigeria, Angola and other countries have remained stagnant even as it has increased over the years around the world www.thisdaylive.com/articles/who-report-nigeria-angola-others-life-expectancy-stagnant/178808/
Economy Growth : GDP
2005 = 7% growth 2015 = 7% growth The Gross Domestic Product (GDP) in Nigeria expanded 6.23 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Nigeria averaged 6.14 Percent from 2005 until 2014, reaching an all time high of 8.60 Percent in the fourth quarter of 2010 and a record low of 3.46 Percent in the first quarter of 2012. www.tradingeconomics.com/nigeria/gdp-growth-annual |
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