In 2024, the estimated youth unemployment rate in Nigeria was at almost 5.05 percent. According to the source, the data are estimates from the International Labour Organization, an agency of the United Nations developing policies to set labor standards. Employment in Nigeria The youth unemployment rate refers to the percentage of the unemployed in the age group of 15 to 24 years as compared to the total labor force. Youth unemployment rates are often higher than overall unemployment rates, which is true in Nigeria as well: the general rate of unemployment was approximately six percent in 2018. One reason for this contrast is that many of the youth under age 24 are studying full-time and are unavailable for work due to this. Education in Nigeria Nigeria’s population has a large percentage of young inhabitants, and there is a high demand for educational opportunities for its young populace. After severe cuts in governmental aid following a nationwide recession in 2016, Nigeria’s underfunded higher education system became the focus of ongoing student protests and strikes. Other families have taken a different approach: Nigeria is the top country of origin for international students from the continent of Africa. For example, Nigeria sent over 12,600 students to the U.S. in 2017/18, the most of any African country.

Unemployment Rate in Nigeria decreased to 4.30 percent in the second quarter of 2024 from 5.30 percent in the first quarter of 2024. This dataset provides the latest reported value for - Nigeria Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.