WATCH THE VIDEO HERE Workers without formal education made up 99% of those in informal employment in Q2 2024, while individuals with post-secondary education experienced a much lower informal employment rate of 26.6%. This is according to the Nigeria Labour Force Survey (NLFS) for Q2 2024, published by the National Bureau of Statistics (NBS). The report also showed that informal employment accounted for 93.0% of the employed population in Q2 2024, up slightly from 92.7% in Q1 2024 and 92.3% in Q3 2023. The report highlighted a clear relationship between educational attainment and informal jobs in the labour market. It revealed that individuals with lower levels of education are significantly more likely to be engaged in informal employment. Conversely, the likelihood of informal employment decreases as educational levels increase, emphasizing the critical role education plays in improving job quality and access to formal employment opportunities The data provided the following breakdown: The survey revealed significant disparities between rural and urban areas. The informality rate among rural dwellers stood at 97.5%, compared to 90.0% in urban areas. Additionally, females were found to be more likely than males to work informally. Discouraged job seekers are individuals who are willing and available to work but have stopped actively looking for jobs due to factors like lack of qualifications, past failures in securing suitable employment, or challenges such as market conditions that discourage their efforts. Discouraged job seekers according to the data decreased from 3.6% in Q1 2024 to 2.0% in Q2 2024. “This decrease suggests could be attributed to an increase in labour force participation and perhaps an increase in the agriculture-related activities,” the report stated.
Workers with no formal education account for 99% of informal jobs in Nigeria – NBS
