MEASURING NATIONAL PROGRESS, NBS DATA, AND SCEPTICISM

By Bayo Onanuga Recent reports from the National Bureau of Statistics (NBS) have become a focal point of criticism and scepticism, especially by the political opposition and perpetual doubters of any positive report about our country. In its Q2 labour survey report, the NBS says the unemployment rate fell from 5.3 % in Q1 to 4.3% in Q2. Compared to the unemployment rate of 5.3% in Q4 2022, the report shows some progress, as it also indicates lower level of youth unemployment. The NBS also reported that GDP growth in…

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