Showing posts with label Adeyemi Adeniran. Show all posts
Showing posts with label Adeyemi Adeniran. Show all posts

Friday, September 8, 2023

Nigeria’s New Jobs ‘Data’: NBS Makes Itself A Laughingstock!

 By Olu Fasan

The news came like a bolt from the blue. Nigeria’s jobless rate dropped from 33.3 per cent to 4.1 per cent in August, declared the National Bureau of Statistics, NBS. It was a meteoric rise in employment that called for national celebration. Except that it was a lie, a total fabrication. Nothing changed in Nigeria’s depressing unemployment situation. The sharp ‘drop’ from 33.3 per cent to 4.1 per cent only came about because the NBS changed the methodology for measuring unemployment. It was a shameful statistical sleight of hand!

Every statistical body must crave public confidence in the data it produces, based on the cardinal rule that data must be ethically sound and stand up to scrutiny. But the NBS breached this rule with jobs data that are utterly misleading, suggesting that Nigeria’s jobless rate magically came tumbling down from 33.3 per cent to 4.1 per cent. But nothing magical happened. It was a human contrivance. The NBS said the methodology that produced the jobs data was “in line with international best practices”, saying it was “recommended” by the International Labour Organisation, ILO.