Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.

 

Unemployment to rise in 2014

07 January 2014, 14:35

Lagos - Nigeria's domestic unemployment rate may rise by 2% in 2014, reports ThisDay.

In a report published by Financial Derivatives Company Limited (FDC), a Lagos-based financial advisory firm, Nigeria’s jobless rate is likely to approach 32 percent in the coming months as the economy fails to grow quickly enough to employ people rejoining the labor force.

According to the report, the impact of unemployment is expected to manifest in the Consumer Price Index (CPI) which stood at 7.9 per cent as at November 2013.  The figure is expected to increase to between 9.5 and 11 per cent by the end of the year.

The country’s Foreign Direct Investment (FDI) is also expected to decline to $4.8 billion in 2014.

Read more at ThisDay

NEXT ON NEWS24 NIGERIAX

Read News24’s Comments Policy

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Caleb Kayvibe Kalu
Foreign news

One of the latest trend of events in the international system is the fact that Greece as a world known civilized country is now in debt. Read more...

Submitted by
Bangbe Ayomide
My mentor

Also when it's time to surrender everything to death we have no option than to give up. Read more...

Submitted by
Down Town
Most beautiful girl in LASU

LASU most anticipated event after so many unanswered questions being so voluminous, the Downtown Promotion in conjunction with the Lagos State University Students Union Read more...

Submitted by
Enak Emma
Cross River denies military exped...

The Special Assistant on Media and Chief Press Secretary to Governor Ben Ayade of Cross River State, Christian Ita, has debunked reports trending in the social media that Calabar. Read more...

Submitted by
Peregrino Brimah
APC: Fighting for booty or fighti...

I am tempted to ask, why are the APC fighting all over the place? Read more...

Submitted by
Peregrino Brimah
#ScrapTheSenate: Opening the requ...

I utilize this forum to invite all progressive meaning Nigerians to the important debate on whether and when we should scrap the senate. Read more...