Data Nigeria

Focused on socio-economic data relating to Nigeria

[Data Nigeria @DataNigeria1]

Number of Unemployed as at end of Sept 2018- 20,927,648

Breakdown by Agegroup
15-24 - 7,058,166
25-34 - 6,087,543
Youth (15-34) - 13,145,708
35-44 - 3,462,179
45-54 - 2,565,920
55-64 - 1,753,841

#Nigeria #Unemployment #Jobs #Economy

Source: NBS

[Wilson Erumebor @wilsonrume]

Nigeria's inflation rate was 22.4% in May 2023. The NBS will publish inflation figures for June next week. Where do you think inflation rate will settle at given the subsidy removal and FX reforms?

[Wilson Erumebor @wilsonrume]

Why has the National Bureau of Statistics not published latest unemployment and underemployment data for 2021 and up to 2022 Q3? It's not even in their calendar.

[Wilson Erumebor @wilsonrume]

There is this growing narrative that the Nigerian economy is now "diversified" because oil accounts for approximately 30% of government revenue and less than 10% of GDP. Should we celebrate this diversification or is it superficial?

Thread.

[Data Nigeria @DataNigeria1]

@daphinon @wilsonrume The data speaks for itself.

[Data Nigeria @DataNigeria1]

Nigeria's Unemployment Rate

2010 - 5%
2011 - 6%
2012 - 11%
2013 - 10%
2014 - 6%
2015 - 10%
2016 - 14%
2017 - 20%
Sept 2018 - 23%
Jun 2020 - 27%
Dec 2020 - 33%

#Nigeria #Unemployment #Jobs #Economy

Source: NBS

[Data Nigeria @DataNigeria1]

Number of Unemployed people in Nigeria (in millions)

2010 - 3.3
2011 - 4.0
2012 - 7.3
2013 - 7.1
2014 - 4.7
2015 - 8.0
2016 - 11.6
2017 - 17.7
Sept 2018 - 20.9
Jun 2020 - 21.8
Dec 2020 - 23.2

#Nigeria #Unemployment #Jobs #Economy

Source: NBS

[Chxta @Chxta]

Who should we blame for #Nigeria's latest recession?

(Rules-of-engagement, Buhari is not responsible for anything).

[Wilson Erumebor @wilsonrume]

Now that recession has been officially confirmed. These tips are still useful.

Number 7 and 9 did wonders for me this year.

Full article:
https://t.co/4emkntkkf4

[The Spectator Index @spectatorindex]

JUST IN: Nigeria's economy enters recession

[Dr Aloy Chife @ChifeDr]

The ASUU strike is now 8months.
Making a total of 4years+ of strike since 1999.
It requires a fantastic leap of faith to believe in a country that eats its young.
And the more we attempt to launder this deleterious taint, the more we clearly illustrate the human capacity for evil

[Dr Yemi Kale @sgyemikale]

Q3 2020 GDP report published @ https://t.co/KG0BFIpfLz

Q3 2020 Real GDP contracted for second consecutive quarter by -3.62% (-6.10% in Q2 2020 & 2.28% in Q3 2019).

Cumulative GDP for the first 9 months of 2020 therefore stood at -2.48%.

[Wilson Erumebor @wilsonrume]

Snippet from the presentation. Pension fund asset has grown to about 7% of GDP in 2019. With Covid-19, slower growth is expected in 2020.

[Wilson Erumebor @wilsonrume]

"Avocados have become Tanzania's latest green gold, bringing in at least $12 million (Sh27.6 billion) annually, up from zero five years ago, a new report reveals."

Tanzania's Avocados Go From Zero to Sh28bn-a-Year Crop https://t.co/NyGXK3bGOJ via @allafrica

[Wilson Erumebor @wilsonrume]

In 2019, Nigeria spent a whopping N23 trillion (naira) on food alone! N23 Trillion. Here is a breakdown of the type of food Nigerians purchased and how much was spent on each type.

From a business angle, I see opportunities and wealth looking at these NBS data.

Thread 👇

[Wilson Erumebor @wilsonrume]

Corona Virus has been in the air across many countries. With Nigeria's slow economic recovery since the last recession & the effects of the #COVID19LAGOS on crude oil price, clearly we ain't out of the woods yet as #Nigeria could be heading for her WORST recession ever. Reasons👇

[FSDH Merchant Bank @FSDHBank]

Traditional causes of inflation in Nigeria include poor power supply, infrastructure deficit, harsh operating environment etc. These factors continue to influence cost of doing business and the overall price level. Take a look at some more triggers below #FSDHResearch #Inflation

[FSDH Merchant Bank @FSDHBank]

Food inflation rate reached a 22-month high of 14.9% in January. #FSDHResearch #Inflation

[FSDH Merchant Bank @FSDHBank]

Nigeria’s year-on-year inflation rate rose to 12.1% in January 2020 from 12% in December 2019 and 11.4% in January 2019. #FSDHResearch #Inflation

[Wilson Erumebor @wilsonrume]

Data visualisation, my new hobby. See how much progress these other countries made in growing per capita GDP.

[Data Nigeria @DataNigeria1]

GDP share for the 22 states (including FCT)

[Data Nigeria @DataNigeria1]

GDP by States 2017 (officially completed by the NBS for 22 states so far)