{"id":115368,"date":"2024-11-26T19:05:07","date_gmt":"2024-11-26T18:05:07","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=115368"},"modified":"2024-11-26T19:05:07","modified_gmt":"2024-11-26T18:05:07","slug":"85-6-of-nigerias-workforce-self-employed-nbs","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/85-6-of-nigerias-workforce-self-employed-nbs\/","title":{"rendered":"85.6% Of Nigeria\u2019s Workforce Self-Employed \u2014 NBS"},"content":{"rendered":"<div id=\"m#msg-f:1816804151516830034\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">The National Bureau of Statistics (NBS) has revealed that 85.6 per cent of the working population in Nigeria is self-employed.<\/div>\n<div id=\"m#msg-f:1816804151516830034-content\" class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div dir=\"auto\">\nThis was according to the NBS\u2019 second quarter (Q2) of the 2024 Labour Force Survey.<\/p>\n<p>The NBS also revealed that shifts in Nigeria\u2019s employment patterns are driven by economic and structural factors.<\/p>\n<p>The report divides employment into two main categories, employees and self-employed individuals.<\/p>\n<p>Workers who receive wages or salaries, including paid apprentices, are classified as employees.<\/p>\n<div dir=\"auto\">\nIn contrast the NBS said self-employed individuals, commonly known as own-account workers run their businesses independently or in partnership with others.<\/p>\n<p>According to the report, the proportion of self-employed individuals saw a slight increase from Q1 2024\u2019s 84%, despite falling from 88% recorded in Q2 2023.<\/p>\n<p>A gender-disaggregated analysis highlights that while self-employment is more common among women, men are more likely to hold wage-based jobs.<\/p>\n<p>Women have a self-employment rate of 88.3%, while for men it is 82.2%. Additionally, women are more inclined to participate in informal employment, often encountering limited access to formal job opportunities.<\/p>\n<p>In terms of regional differences, rural areas show much higher self-employment rates at 94.3%, compared to 79.7% in urban areas. This illustrates the differences in employment patterns between urban and rural settings.<\/p>\n<p>The National Bureau of Statistics indicated that the high self-employment rate in rural regions is largely due to the prevalence of agriculture and trade-related activities.<\/p>\n<p>The NBS report also highlighted that informal employment continues to dominate Nigeria\u2019s labour market, with 93% of total employment recorded in Q2 2024, indicating a slight increase from 92.7% in Q1 2024.<\/p>\n<p>This highlighted the persistent reliance on informal work for livelihood across the country.<\/p>\n<p>The report also showed that informality remains significantly high, particularly among individuals with lower levels of education.<\/p>\n<p>Workers with no formal education are overwhelmingly engaged in informal employment, accounting for 99% of total employment.<\/p>\n<p>Those with post-secondary education are far less likely to work informally, with only 26.6% of them engaged in this sector.<\/p>\n<p>Excluding agriculture, the trend continues with the share of informal employment dropping to 14.7% among individuals with post-secondary education, while it remains exceptionally high at 98.4% for those lacking formal education.<\/p>\n<p>Significant gender disparities are also present as women are more likely to work informally than men.<\/p>\n<p>In rural areas, informality rates are even more pronounced with 97.5% of workers engaged in informal employment compared to 90% in urban settings.<\/p>\n<p>This disparity between rural and urban areas highlights the importance of agriculture and small-scale businesses in employing in rural regions, alongside the limited availability of formal job opportunities in these areas.<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The National Bureau of Statistics (NBS) has revealed that 85.6 per cent of the working population in Nigeria is self-employed. This was according to the NBS\u2019 second quarter (Q2) of&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":90578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-115368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>85.6% Of Nigeria\u2019s Workforce Self-Employed \u2014 NBS - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/85-6-of-nigerias-workforce-self-employed-nbs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"85.6% Of Nigeria\u2019s Workforce Self-Employed \u2014 NBS - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The National Bureau of Statistics (NBS) has revealed that 85.6 per cent of the working population in Nigeria is self-employed. 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