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
Frisk Larr
Is Boko Haram the true cause of J...

These days, we hear the argument that hardly anyone could have done better than this President under the atmosphere of genocidal and coercive insurgency that the northern political elite has subjected the country to. Read more...

Submitted by
Peregrino Brimah
The illiteracy and ignorance in t...

The question is- why was the Arabic script on the naira removed?  Read more...

Submitted by
Perry Brimah
French Chad’s Boko Haram war agai...

Today according to latest reports, the Chadian Presidency has been most distressingly caught supplying arms to Boko Haram terrorists. Read more...

Submitted by
Nwanji Innocent
Tribalism vs unity

Tribalism, as a social philosophy, is based on the construction of series of imaginary boundaries which establish the 'us' and 'them' dichotomy.  Read more...

Submitted by
Daniel Ataka
The Nigeria crisis and possible s...

Nigerians are fully aware of corruption and corrupt practices going on in almost all the sectors and agencies both government and private. Read more...

Submitted by
Ejiofor Diamond
Victor Umeh: The change we deserv...

There is this disillusionment among the majority of the people that Chris Ngige has not initiated any bill that would address any problem of the Anambra people, Read more...