​Informal sector the driver of job creation
The recent NBS data show that 475,180 jobs were created in Q3 2015, divided between 41,670 jobs in the formal sector, and 428,690 and 4,820 jobs in the informal and public sectors respectively. When compared to the previous quarter, total job creation rose sharply by over 200% from 141,370. This sharp increase was mainly due to the informal sector, with rural agricultural activities the primary driver. Typically, the third quarter coincides with the start of the farming season in Nigeria. Additionally, in the absence of new white collar jobs and social safety nets, jobseekers are leaning towards the informal sector in areas such as catering and tailoring.
In today's rapidly changing financial environment, we believe our clients need a financial partner they can rely on to provide clear guidance, progressive thinking and innovative products. Our in-depth and qualitative research covers macroeconomics, fixed income and equities, offering timely market commentary and detailed analyses of the local economy, major sectors listed on the Nigerian Stock Exchange (NSE) and the Federal Government of Nigeria bond market. Our sound recommendations are based on a thorough and objective analysis of the relevant companies within the context of their respective industries, the local market and international peer set. Our research is well recognized and acclaimed for its value and integrity, as we provide existing and prospective investors access to reliable, independent, quality research to aid investment decision-making and strategy development.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.