Nigeria’s 4.1% unemployment rate makes no sense.
Quote from Ndubuisi Ekekwe on August 29, 2023, 7:18 PMWhen he ran the shop, I used their data a lot in my Harvard Business Review works. I am not sure I can use Nigeria's National Bureau of Statistics data these days because they have introduced "technicalities" which have no value to the real reason Nigerian setup that shop: removing guesswork out of policymaking by providing reliable data. Yes, Yemi Kale has noted that Nigeria’s 4.1% unemployment rate makes no sense.
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https://twitter.com/cabeecroft23/status/1696759871880716302
"He gets a call once in probably 2 to 3 weeks to offer his service." - How long does it take him to offer that service? Without that we cannot make this call. Everyone gets a call* for a job. For this man, when he is called, does it take him just one hour in two weeks to do this lucrative job? It is not the call that matters. It is how long the person is at work - and if he earns at least a min wage. But it is impossible in Nigeria to earn that BIG money for less than one hour work in Nigeria every two weeks.
When he ran the shop, I used their data a lot in my Harvard Business Review works. I am not sure I can use Nigeria's National Bureau of Statistics data these days because they have introduced "technicalities" which have no value to the real reason Nigerian setup that shop: removing guesswork out of policymaking by providing reliable data. Yes, Yemi Kale has noted that Nigeria’s 4.1% unemployment rate makes no sense.
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A man has no office and employs noone. He gets a call once in probably 2 to 3 weeks to offer his service. He earns millions from it. Fends for his wife comfortably.
This is less than 2hrs in 3wks
His he employed, underemployed or unemployed going by NBS previous methodology?
— Charles Beecroft (@cabeecroft23) August 30, 2023
"He gets a call once in probably 2 to 3 weeks to offer his service." - How long does it take him to offer that service? Without that we cannot make this call. Everyone gets a call* for a job. For this man, when he is called, does it take him just one hour in two weeks to do this lucrative job? It is not the call that matters. It is how long the person is at work - and if he earns at least a min wage. But it is impossible in Nigeria to earn that BIG money for less than one hour work in Nigeria every two weeks.
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