Jobs That Don’t Pay the Bills
A Fast Company study flags poly-employment as a growing global trend, with more people picking up second and third jobs to make ends meet or diversify income.
In Nigeria, this trend is mirrored by the growing side hustle culture, as highlighted in a report by The Guardian. For many Nigerians, side hustles, small businesses or freelance gigs serve as a vital supplement to their main income.
However, the latest data from the National Bureau of Statistics shows that both unemployment and time-related underemployment, two factors that usually push people into juggling multiple roles, have declined recently.
This raises two possibilities: either the urgency of poly-employment in Nigeria is being overstated, or the official data does not fully capture the scale and nature of economic precarity.
Following Nigeria’s unemployment data as of Q2 2024, the rate of unemployment has decreased from 5.3% in Q1 2024 to 4.3% in Q2 2024, a 1% drop in three months. While time-related underemployment reduced from 10.6% in Q1 2024 to 9.2% in Q2 2024.
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