By Industrial Digest
Nigeria : “At the end of the 2nd half of 2020, an estimated 1,655,331 historical cumulative jobs were created in the manufacturing sector in the last 8 years.”
This translates to about 207,000 jobs created by companies in the sector per year.
The Manufacturers Association of Nigeria, (MAN), disclosed this in its just released Bi-Annual Review of the Economy July – December 2020.
Available data from the association showed that a total of 3451 new manufacturing jobs were created in the 2nd half of 2020 compared to 10,735 jobs created in the corresponding half of 2019 and 5241 jobs in the 1st half of the year.
However, a total of 3903 jobs were lost in the sector in the period.
This is marked two successive negative net job in the sector as job loss out-numbered new jobs created by the time the sector is recording a negative net jobs beginning from the 1st half of the year.
” The year 2020 was a very difficult year for the economy and manufacturing sector due to the onslaught of COVID-19 Pandemic,” said the report.