While the sectors of the Nigerian economy that require less labour have been growing at a pace faster than their peers, the labour-intensive sectors with the potential to reduce the country’s 33.3 percent unemployment rate in the fourth quarter of 2020 have either been in recession or growing at a sluggish rate.
Nigeria’s latest recession is its second in less than five years. In 2016, Nigeria’s economy contracted for the first time in two decades. But after years of anaemic recovery, the country has now slumped back into recession. The economy shrunk by 3.6 per cent in the three months through Septembe
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
