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Good Morning Nigeria: Informal sector the driver of job creation

​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.

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