The National Bureau of Statistics (NBS) has revealed that the education sector of the Nigerian economy generated the highest number of jobs in the fourth quarter of 2012 and first quarter of this year.
According to NBS, out of the 385,913 and 431,021 jobs created in the 4th quarter of 2012 and 1st quarter of 2013 respectively, the education sector accounted for 76,547 (50.35 percent) and 68,838 (39.49 percent) jobs in both quarters respectively.
According to the latest Job Creation Survey, which was released by the Statistician General of the Federation (SGF), Mr. Yemi Kale, the number of employment generated between the two periods under review represented an increase of 11.69 percent.
The report further indicated that the formal sector of the economy contributed 174,326 jobs in the first quarter of 2013 while the informal and public sectors generated 232,327 and 24,368 employment respectively.
In the fourth quarter of 2012 however, 152,018 jobs was attributed to the formal sector while the informal and public sectors created 208,920 and 24,975 jobs respectively.
The report further stated that 145,032 full-time jobs were created in the first quarter, representing 20.96 percent increase when compared to 119,905 full-time formal jobs recorded last year.
“The top three sectors that produced the highest numbers of full-time jobs in Q4 2012 were education, followed by financial intermediation and then health and social work. In Q1 of 2013, the same sectors maintained the top three positions for generating full-time jobs. This is indicative of the huge investment of resources in these sectors, particularly in education and health sectors,” the report said.
Part-time employment declined by 9.62 per cent to 29,293 jobs this year compared to 32,112 jobs last year.
“The informal sector generated 1/3 more jobs than the formal sector in the same first quarter 2013. However, the formal sectors show the greatest increase between the two quarters of 14.68% or more jobs created than in the fourth quarter of 2012. Job creation in the public sector is the only area to exhibit a decline from the fourth quarter of 2012 to the first of 2013, of 2.43%,” NBS stated.