The unemployment rate in Nigeria slowed to 4.3 per cent in the second quarter (Q2) of 2024 from 5.3 per cent recorded in the first quarter (Q1) of 2024.
The National Bureau of Statistics (NBS), which released the report on Monday in its Nigeria Labour Force Survey Q2 2024, disclosed that the unemployment rate stood at 5.2 per cent in urban areas and 2.8 per cent in rural regions.
It stated that the labour force participation rate in Nigeria rose to 79.5 per cent in Q2 2024.
