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Nigeria's Q3 Unemployment Rate Rises To 5%

Men sit as they wait for a prospective employer for the day in Abuja

In the third quarter of the year, Nigeria has seen a rise in its unemployment rate to 5%, attributed to the effects of ongoing reforms in the country. This increase in joblessness has raised concerns among policymakers and citizens alike.

The Nigerian government has been implementing various reforms aimed at improving the economy and creating more job opportunities. While these reforms are expected to have long-term benefits, the short-term impact has led to a temporary spike in unemployment.

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