The National Bureau of Statistics (NBS) on Monday released the Nigeria Labour Force Statistics Report Quarter 3, 2023.
The Report showed that there are more females in informal employment than males. It stated: “The rate of women in informal employment is significantly higher than that of men,” adding that the rate of informal employment among people living in rural areas was 97.2% while the urban informality rate was estimated at 87.5%.”
The Report, which was funded by the World Bank and the International Labour Organization showed that in Q3 2023, 87.3 percent of employed Nigerians were primarily self-employed with the remaining 12.7 percent being primarily engaged in salary jobs.
The NBS, in the Wage and Self-Employment Snapshot, said that paid employment declines from 13.4 percent in Q 4 2022 to 11.8 percent Q1 2023 while it rose to 12.0 percent in Q2 2023 and peaked at 12.7% Q3 2023.
On the other hand, as at Q4 2022, 84.0 percent Nigerians were self-employed, the figure rose to 86.0 percent in Q1 2023; 88.0 percent in Q2 2023 and further soared to 87.3 percent in Q3 2023.
The findings further shows that 90.5% of women were engaged as self-employed while 84.2% of men were self employed.
It said 80.3 percent of employed people in urban areas were self-employed this is lower when compared with 94.5 percent of employed people in rural areas.
On informal employment in Nigeria, Report said: ”The share of employed persons in informal employment was 92.3% in Q3 2023 a reduction of 0.4% when compared to 92.7% in the previous quarter.”
