Labour Productivity (Q4 2016)

Labour Productivity (Q4 2016)

  In the fourth quarter of 2016, Nigeria economy, though showing signs of recovery, recorded its 4th consecutive quarterof negativegrowth, with the economy declining by 1.58%. The constraints on productivity of labour and other factor inputs continues to put a drag on overall economic growth and this was further exacerbated in the fourth quarter of 2016. A growing unemployment rate of 14.2% in the 4thquarter, up from 13.9% in the 3rdquarter, coupled existinginfrastructural challenges, remain considerable threats to realising Nigeria s full economic and productivity potentials.  The purpose of this brief report is to review recent trends in labour force and labour productivity in Nigeria, with a view to highlighting possible areas of interest in the analysis of labour productivity in Nigeria.   

Data source: National Bureau of Statistics

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