UN Condemns Goodluck Jonathan's Economic Policy
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A recent United Nations report on Nigeria has noted an increase in Nigeria's unemployment rate in the last two years under Mr. Jonathan's watch. According to the UN, unemployment rate in Nigeria has risen from 21.1 per cent in 2010 to 23.9 per cent currently.
The report shows that about one in four Nigerians are currently unemployed. It also added that Nigeria has one of the worst youth unemployment rates in sub-Saharan Africa as two in five (about 38 per cent) of Nigerian youths are unemployed.
These were stated in a 291-page publication titled 'The African Economic Outlook 2012', and jointly published by the United Nations Economic Commission for Africa, UNECA; the United Nations Development Population, UNDP; the African Development Bank Group; and the Organization of Economic Cooperation and Development.
The publication, launched on Thursday in Addis Ababa, was presented by the Director, Economic Department, NEPAD division of UNECA, Emmanuel Nnadozie. The publication, which is the 11th edition, however, described Nigeria's economic growth in 2011 as "robust."
The robust growth recorded in Nigeria's economy, according to the publication, was driven mainly by the non-oil sector, and in particular, telecommunications, construction, wholesale/retail trade, hotel and restaurant services, manufacturing, and agriculture. (Via Premium Times) Tags:
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