Despite high earnings, Imo, Akwa Ibom, Rivers, record highest unemployment rates

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According to the bureau, Imo State reported the highest rate of unemployment in the country.

As Nigeria’s unemployment situation worsens, Rivers, Akwa Ibom, Delta and Kaduna are among the worst hit states despite high internally generated revenue and huge federal allocations., said on Friday, that Nigeria’s unemployment rate rose to 27.1 per cent in the second quarter of 2020.According to the bureau, Imo State reported the highest rate of unemployment in the country with 48.7 per cent, followed by Akwa-Ibom State and Rivers State with 45.2 and 43.7 per cent respectively.

Economic experts said economic activity is going to shrink with the ease of restrictions, but, the rise in aggregate unemployment figure, including, in some of the oil-rich states with high internal revenue and large share of the federal allocation, is worrisome. Delta was listed as the fifth-highest and Kaduna the sixth, earning N64 billion and N44 billion respectively. Akwa Ibom was on a distant 8th with N32 billion.

 

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