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- Nigeria and South Africa have the highest unemployment rates in Africa. According to their own statistics agencies, both are above 30%-Nigeria is adopting the International Labour Organisation’s method of calculating employment statistics, which estimates the country’s unemployment rate as 6%-The change comes at a time when the country is battling spiralling inflation
Nigeria, the most populous country in Africa, has one of the highest unemployment rates at 30%. Once it adopts the International Labour Organisation’s (ILO’s) methodology, its unemployment rate could be as low as 6%. The ILO’s methodology sees an employed person as anyone who works at least 1 hour a week. Nigeria’s statistics bureau required 20 hours a week. Nigerians are facing increasing economic hardship. Inflation is over 22%, the value of the naira is falling and the state has dropped fuel subsidies.
As South Africa already follows the ILO’s, there are only a few percentage points between the Stats SA estimate and the ILO’s of 30%.
— 13 July, 2023Subscribe to the weekly newsletter for more charts like this
