Most Jobs Created In the Q4 2012 and Q1 2013 are By the Informal Sector

NBSAccording to the report from National Bureau of Statistics, there have been about 11.69% increase in Job creation in this nation Nigeria between Year 2012 and 2013.

The total jobs created between fourth quarter of year 2012 and the first quarter of year 2013 is about 816,934 jobs. 385,913 jobs were generated by the economy in the fourth quarter of 2012, while 431,021 jobs in the first quarter of 2013.

From the NBS findings, jobs are categorized in different sector which are the Formal Sector, Informal Sector, and Public Sector jobs. Formal sectors are establishments or professional organizations that employ about 10 people or less.

The Informal sector are generated by individuals or businesses that employ also about 10 people or less and they maybe structured or they may not be structured. While the Public sector are the Government Parastatals, Ministries, Department , academic institutions (schools), State and local governments.

In the fourth quarter of 2012, 152,018 jobs were created by formal sector, 208,920 jobs created by Informal sector and 24,975 jobs by Public sector.

In the first quarter of 2013, Formal sector created 174,326 jobs, Informal sector created 232,327 and Public sector 24,368 jobs.

From the numbers given, it is observed that the Informal sector created about one-third of the jobs we have presently in this nation Nigeria.  Also statistics records that over 17 million enterprises have been formed in the informal sector.

According to Ebele Uneze Executive Director, Center for the Study of Economies of Africa (ESEA) said in an interview that,  “A lot of unemployed people litter the streets of Nigeria, and a greater percentage of these people can be self employed. He went further to state that government should create a conducive environment that would link the sector (informal) to the formal “by providing good road networks and affordable transportation system as this would enhance easy accessibility to place of work and raw material.”

He also said that the reason behind the increase in Informal jobs is because most people are unemployed and they are left with choice than to start a small business inorder to survive.

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