Nigeria has a workforce of about 77 million people, accounting for about 42 percent of the total population. Between 2014 and 2015, over four (4) million young Nigerians entered the labour market providing sufficient workforce supply to the industry. Nigeria’s labour force productivity has also been on the increase, experiencing a growth of 52.5 percent between 2011 and 2015.
There are about 500 tertiary institutions in Nigeria that include Universities, Polytechnics, Monotechnics and Innovation Enterprise Institutions (IEI) and almost two (2) million Nigerians enroll in tertiary institutions every year.
A high proportion of Nigerian students opt to pursue graduate studies overseas – thanks to the government and private funded scholarships. These students return with advanced technical knowledge in their fields, international relationships, and understanding of the way of life of the people in the country of their study.
Nigeria: Population, Labor Force, and Unemployment 2014
Source: World Bank 2015