500,000 Jobs Created In 6 Months – NBS

500,224 jobs were created in Nigeria in the first half of 2014, the latest job creation figure released by the National Bureau of Statistics (NBS), yesterday showed.

The figure was announced by the Statistician-General of the Federation, Dr. Yemi Kale, at a workshop organised by the NBS for the review of definition and methodology for computing unemployment statistics in Nigeria.

He said the new figure was arrived at through a recent job creation survey carried out by the NBS for the first and second quarters of 2014.

According to him, the scope of the survey covered formal and informal establishments and public institutions in the country.

According to the report, in the Q1 of 2014, the formal sector recorded 76,018 new jobs; informal recorded 158,894 new jobs, while the public sector recorded 5,959 new jobs.

The total new jobs for Q1 of 2014 was 240,871, representing a decrease by 10.3 per cent from the previous Q, which recorded 265,702 jobs and lower than the 431,021 jobs created in the corresponding quarter in 2013.