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Labour Productivity In Nigeria (2010‐2014), A Short Analysis
The results of the brief analysis reported here show that Nigeria has relatively low labour productivity despite several years of stable and high economic growth. In addition, the growth of labour productivity appears to be neutralised by the high level of unemployment and its expansion. Lastly, compared to other emerging economies, Nigeria’s labour productivity levels are considerably lower.
Possible areas of interest therefore will relate to improving the unemployment situation in the country by improving the opportunities for more businesses to start, grow and employ labour. In addition, it is necessary to improve the quality of education and training of workers for higher productivity. Lastly, further methodological refinements on the approaches to determining factor productivities for the Nigerian economy are necessary...
Job Creation Survey, 4th Quarter 2014
In the fourth quarter (Q4) 2014, a total of 4,226 formal establishments from 18 economic sectors were surveyed. By legal ownership classification, establishments owned by Sole Proprietors, which is defined as a business entity owned and run by one person without any legal distinction between the owner and the business, dominated with 2,725 establishments or 64.48% of the Q4, 2014 total. It showed a marginal increase of 2.48% points in Q4, when compared to 62.00% share held in Q3 2014. The Sole Proprietorship maintained dominance in all other sectors except in Construction; Transportation and Storage; Finance and Insurance sectors.
The second most dominant type of legal ownership status was ‘Private Limited Liability Company’, defined as a hybrid type of business entity used in many jurisdictions in which the business itself is liable for its debts. In this group there were 884 establishments, depicting 20.90% of the fourth quarter total. This group experienced a sharp drop of 2.43% points relative to its Q3 2014 share. The Cooperative group was the least dominant, with 31 establishments representing 0.73% of the total. This showed a drop of 20.51% when compared with Q3 of 2014...
Job Creation Survey, 3rd Quarter 2014
The findings are categorized into Formal sector jobs, Informal sector and Public sector jobs. Formal jobs refer to employment generated in establishments that employ 10 persons and above, or formal professional services that employ less than 10 persons. The Informal jobs are those generated by individuals or businesses employing less than 10 or those businesses operating with little or no structures e.g. those in Agriculture and Wholesale and Retail Trade. While The Public Institutions are the Government Ministries, Departments, Agencies (MDAs), Government Parastatals, Academic and Research Institutions at Federal, State and Local government levels.
In quarter three of 2014, a total of 349,343 jobs were created across all sectors of the Nigerian economy. Of these, 5,735 or 1.64% were recorded in the public sector, 145,464 or 41.6% were in the formal sector and 198,144 or 56.72% in the informal sector. This represented growth of public sector jobs of 923 jobs or 19.18% from the 4,812 recorded in the preceding quarter. From the 78,755 new formal jobs that were created in Q2, this was a rise of 66,710 jobs or 84.71%, and an increase of 22,358 jobs or 12.72% in the informal sector from the second quarter estimates. For public sector, the Cadre that created the most jobs in Q3 of 2014 was Officers Excluding Management Staff, with 1,177 jobs or 20.52% of the total. The cadre of Operatives however saw the greatest increase, rising from 24,536 employees in Q2 to 49,246 in Q3 of 2014, indicating a growth of 24,710 employees or 100.01%...
Job Creation Survey, 1st and 2nd Quarters 2014
In Q1 of 2014, a total of 240,871 jobs were created, which increased by 18,482 jobs or 7.67% in the second quarter, to reach a total of 259,353 jobs created. The total number of jobs created in the first half of 2014 was therefore 500,224. Relative to the first half of 2013, this was a decrease by 151,851 jobs or 30.36%.
In the first quarter, the informal sector which is where most jobs created from agriculture reforms and wholesale and retail trade and MSMEs in general will be found had the highest new jobs with 158,894 jobs or 65.97% of the total, formal sector was second highest with 76,018 or 31.56% of the total and public institutions took the least share of the total with 2.47%, equivalent to 5,959 jobs. In the second quarter, formal jobs represented 78,755 jobs or 31.56% of the total, informal represented 175,786 jobs or 65.97% of the total and public institutions represented 4,812 jobs or 1.86% of the total. In the second quarter, annual growth in jobs created was greatest in the informal sector, increasing by 63,219 jobs, or 56.16% from the corresponding quarter of 2013. Formal job creation showed slightly negative growth of 1,657 jobs or 2.06%, yet public institutions showed a significant decline of 23,263 jobs or 82.86%, meaning that by Q2 it represented just 1.86% of total jobs created; a decline in its share of 0.62% points. Yet, the share of informal jobs expanded by 1.81% points to constitute 67.78% of the total, whilst the portion of formal jobs declined by 1.19% points to 30.37% of the total. The sector with the highest quarterly growth was the informal sector, which grew by 10.63%, generating an additional 16,892 jobs in quarter two. Formal job creation also expanded on a quarterly basis, increasing by 2,737 jobs or 3.60% to 78,018 jobs in the second quarter, whilst job creation in public institutions declined by 1,147 jobs or 19.25%...
