Nigeria, Nov. 26 -- According to data released by the National Bureau of Statistics (NBS), 85.6% of Nigeria's working-class population works for themselves, demonstrating the prevalence of self-employment in the country's labor market.

The most recent Q2 2024 Labour Force Survey from the NBS, which also shows changes in employment trends brought on by structural and economic factors, emphasized this finding.

The research breaks down employment into two primary groups: self-employed and employees.

Self-employed people, often known as own-account workers, run their own enterprises alone or in collaboration with partners, whereas employees-including paid apprentices-receive pay or salary.

What The Data Indicates

Although it decreased fr...