65 Views

19,000 Nigerians Lost Their Public Sector Jobs In Just 6 Months

The National Bureau of Statistics, NBS, has revealed that at least 18,919 Nigerians lost their public sector jobs between October 2015 and March 2016.
Although about 5,867 new public sector jobs were generated between October and December 2015, the Bureau said about 10,155 jobs were lost during the period in the public sector of the federal, state and local governments.
According to Premium Times, this translates to a negative employment generation figure of -4,288.
Also, while about 5,726 jobs were created between January and March 2016 in the public sector, the Bureau said about 8,764 jobs were lost during the period, with a negative employment generation figure of -3.038 for the period.
The Bureau, which reported a sharp decline of 84.1 per cent in total employment against the figure in the last quarter of 2015, said only about 79,469 jobs were generated in the economy in the first three months of 2016, against about 499,521 jobs created during the corresponding period of 2015.
The agency said in its quarterly job creation survey in collaboration with the Central Bank of Nigeria, CBN, that the figure was 83.1 per cent lower than the 389,605 jobs created in the corresponding period last year.
“This sharp decline in employment generation in the first quarter of 2016 is strongly correlated to the weakening economic output within the period, where the Nigerian economy recorded a negative growth of -0.36 percent,”the statistics agency said.
An analysis of the jobs created for the quarter showed 21,477 came from the formal sector, consisting formal professional services with less than 10 employees.
About 61,026 jobs came from the informal sector in the first quarter, made up of mainly low skill, low paying blue collar jobs in agriculture, light manufacturing, wholesale and retail trade businesses.
The NBS said the drop by 27,246 in formal employment in the last quarter of last year and 21,477 in the first quarter of 2016 across all the economic activities was as a result of the slowing down of economic activities in the wake of the economic recession.
With the economy actually in recession at the moment, following the recent formal confirmation by the NBS, analysts say the employment situation would likely worsen, except government took steps to spend on strategic capital infrastructure to reflate the economy.
.
The Lead director, Centre for Social Justice, CENSOJ, Eze Onyekpere, said declining employment figures in an economy in recession was not surprising, as firms are closing up and reducing their workforce, in the face of declining gross domestic products (GDP) and high inflation.
“Decline in employment is to be expected in a recession,” Mr. Onyekpere said. “With companies’ profits declining, their retrenchment of workers, and not hiring to replace them, the figure will keep going down.
 
“The challenge is not in the recession, but for government to spend its way out of it. Not as Nigerians talk about, but quality spending in a way to help regenerate the economy.
 
“Spending is not about borrowing to pay salaries of workers, but spending on strategic capital investments and projects to improve the ease of doing business, ensure availability of infrastructure, like power, roads, works and housing, for people to run their businesses.”
 
The Nigeria Labour Congress President, Ayuba Wabba, said the concern of the labour union was on how government could create new jobs for young Nigerians who constitute the most affected population by the crisis.
Mr. Wabba said the best way forward was for government to ensure manufacturers continue to access raw materials and produce.
Most manufacturers, he said, find it difficult to survive.
“Many of them have closed. They cannot afford the cost of raw materials, because of the difficulty in accessing foreign exchange (FOREX) and the pressure from the free fall of the Naira,” he said.
He said government must ensure FOREX was channelled to the manufacturer’s to enable them import raw materials they cannot find in Nigeria.
On the recession, he said the best way was for the government to make money available in circulation to drive economic activities.
“Government can also establish modular refineries to ensure money used for the importation of petroleum products would be saved and used to develop the economy, by providing the infrastructure required to drive productive economic activities to create jobs for the people,” he said.

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Leave a Comment

Your email address will not be published.

Latest Posts

Health Official Advises Farmers Not To Suck Snakebite Spots
Food and Health
3 views
Food and Health
3 views

Health Official Advises Farmers Not To Suck Snakebite Spots

MT - December 13, 2017

A U.S-based Nurse, Alloysius Nlekwa, has advised farmers not to suck the spots where they were bitten by snakes while on their farms. Nlekwa gave the advice…

2019 Elections: Buhari May Pick Tinubu As His VP, As Osinbajo Is Likely To Retire To Full Ministry At RCCG
Politics
10 views
Politics
10 views

2019 Elections: Buhari May Pick Tinubu As His VP, As Osinbajo Is Likely To Retire To Full Ministry At RCCG

MT - December 13, 2017

14 months to the next presidential election, there are indications that the ruling All Progressives Congress (APC) may have President Muhammadu Buhari-Asiwaju Bola Tinubu ticket, as one…

2 Nigerians Shortlisted for $1m Global Teacher Prize
Best of Nigeria
13 views
Best of Nigeria
13 views

2 Nigerians Shortlisted for $1m Global Teacher Prize

PH - December 13, 2017

Two Nigerian teachers have been nominated for the 2018 global teacher prize. The prize, put together by Varkey Foundation, comes with a monetary award of $1 million. Ayodele Odeogbola…

Video: EmmaOhMaGod Drops Street Version of The Gratitude’s “Raba Baba Eh”
Entertainment
18 views
Entertainment
18 views

Video: EmmaOhMaGod Drops Street Version of The Gratitude’s “Raba Baba Eh”

PH - December 13, 2017

COZA choir The Gratitude recently dropped their first music video “Raba Baba Eh“, also the lead song off their new album. Singer and comedian EmmaOhMaGod has now dropped a street version for…

How Kiss Daniel Earned Monthly Salary Of 30k, Missed Father’s Burial & Got Blocked By Basketmouth On Instagram
Entertainment
25 views
Entertainment
25 views

How Kiss Daniel Earned Monthly Salary Of 30k, Missed Father’s Burial & Got Blocked By Basketmouth On Instagram

MT - December 13, 2017

It is no longer news that Kiss Daniel, one of Nigeria’s most popular singers, is currently embroiled in a legal battle with his former record label, G-Worldwide.…

EbonyLife CEO, Mo Abudu Heaps Praises On Her Loyal Driver Of Almost 20 Years
Entertainment
35 views
Entertainment
35 views

EbonyLife CEO, Mo Abudu Heaps Praises On Her Loyal Driver Of Almost 20 Years

MT - December 13, 2017

Nigerian media mogul, talk show host and the CEO of EbonyLife TV, Mo Abudu, who has been described by Forbes as "Africa’s Most Successful Woman", has heaped…

Why FIFA Fines Nigeria In World Cup Qualifiers
Sports
42 views
Sports
42 views

Why FIFA Fines Nigeria In World Cup Qualifiers

PH - December 13, 2017

Nigeria has been fined over N2 million and forced to forfeit match against Algeria for fielding an ineligible player during the World Cup qualifiers. The Nigeria Football…

Watch What US Rapper Jeezy Has To Say About Wizkid [Video]
Entertainment
41 views
Entertainment
41 views

Watch What US Rapper Jeezy Has To Say About Wizkid [Video]

MT - December 13, 2017

US rapper, Jeezy recently revealed his respect for Wizkid during his interview on Everyday Struggle. The rapper had good words to say about Wizkid. He said he…

Here Is What NFF Has To Say About FIFA Disciplinary Committee Sanction
Sports
39 views
Sports
39 views

Here Is What NFF Has To Say About FIFA Disciplinary Committee Sanction

MT - December 13, 2017

Football governing body, FIFA has fined NFF for fielding Shehu Abdullahi against Algeria after he was suspended for a match earlier. Super Eagles FIFA also awarded a…

Chioma Ajunwa: Nigeria’s First and Only Olympic Gold Medalist Becomes Assistant Commissioner Of Police
Best of Nigeria
52 views
Best of Nigeria
52 views

Chioma Ajunwa: Nigeria’s First and Only Olympic Gold Medalist Becomes Assistant Commissioner Of Police

PH - December 13, 2017

Nigeria’s only individual Gold medalist till date, Chioma Ajunwa-Okpara, has been decorated as an Assistant Commissioner of Police, by the Police Service Commission, Thisday reports. The event…

PDP Convention: What Secondus’ Emergence Will Do For Nigeria – Ihedioha
Politics
60 views
Politics
60 views

PDP Convention: What Secondus’ Emergence Will Do For Nigeria – Ihedioha

PH - December 12, 2017

A former Deputy Speaker of the House of Representatives, Emeka Ihedioha, said yesterday, that with the newly elected executives of the Peoples Democratic Party, PDP, the party…

MainOne, Tizeti Partner with Facebook to Improve Internet Connectivity in Lagos
Business
59 views
Business
59 views

MainOne, Tizeti Partner with Facebook to Improve Internet Connectivity in Lagos

PH - December 12, 2017

MainOne and Tizeti have announced the completion of a joint development project with Facebook to enable the expansion of internet services in Lagos. This partnership will leverage…

APM Terminals Launches Refrigerated Trucks For Nigerian Farmers
Agriculture and Farming
60 views
Agriculture and Farming
60 views

APM Terminals Launches Refrigerated Trucks For Nigerian Farmers

PH - December 12, 2017

APM Terminals, in conjunction with Naija Pride and with the assistance of international development groups, is working to provide modern cold chain transportation alternatives for farmers in…

PDP Convention: Loud Promotion Of Corruption -by Reuben Abati
Politics
78 views
Politics
78 views

PDP Convention: Loud Promotion Of Corruption -by Reuben Abati

PH - December 12, 2017

The elective Convention of the Peoples Democratic Party (PDP) that took place at the Eagle Square in Abuja on Saturday, December 9, was a charade and an…

Why Nigerian Youths Are Not Ready For Leadership, Change – Amaechi
Politics
69 views
Politics
69 views

Why Nigerian Youths Are Not Ready For Leadership, Change – Amaechi

PH - December 12, 2017

Rotimi Amaechi, Minister of Transportation, has said Nigerian youths are not ready to embrace change. The former Rivers State Governor said this while stressing that Nigerian youths…

Bishop Mathew Kukah Claims President Buhari’s Ministers Are Unhappy
Politics
69 views
Politics
69 views

Bishop Mathew Kukah Claims President Buhari’s Ministers Are Unhappy

MT - December 12, 2017

While speaking in an interview with a social media expert, Abang Mercy, the Bishop of Sokoto Diocese of the Catholic Church, Matthew Kukah, said that some ministers…

How President Buhari Cured Nigeria – Yahaya Bello
Politics
64 views
Politics
64 views

How President Buhari Cured Nigeria – Yahaya Bello

MT - December 12, 2017

Governor Yahaya Bello of Kogi State has claimed that President Muhammadu Buhari has cured the economy and was stamping out graft since assuming power in 2015.  …

Actor Yul Edochie Speaks On Anambra Election For The First Time – ‘Willie Obiano Humiliated Us’
Entertainment
60 views
Entertainment
60 views

Actor Yul Edochie Speaks On Anambra Election For The First Time – ‘Willie Obiano Humiliated Us’

MT - December 12, 2017

While speaking during the inauguration of the executive council of the National Association of Nigerian Students, Nollywood actor, Yul Edochie, on Monday, described the outcome of the…

Loading...