The latest world bank report has indicated that the Nigerian unemployment rate has risen to its worst state making it the worst view of its status since Nigerian independence.
Buhari’s administration and governance have gained attention following how they emerged as the worst governance ever in Nigerian history via economy rate.
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The current rate of unemployment in Nigeria has risen fivefold from 6.4 per cent in 2010, hitting 33.3 per cent as of the last quarter of 2020, according to the National Bureau of Statistics.
World Bank also outlined that the unemployment rate that started rising when Buhari took charge as the president has worsened amidst the effect of Covid-19 traumas.
The report was published in collaboration with Rapid Social Response trust fund (RSR) and Korea World Bank Partnership Facility ( KWPF)
In their words, they said:
“The rise in unemployment rates has been particularly acute since the 2015- 2016 economic recession and has further worsened as COVID-19 led to the worst recession in four decades in 2020.”
