Average Nigerian Loses N325,092 Yearly – NPC
Average Nigerian Loses N325,092 Yearly – NPC
An average Nigerian loses about N325, 092 yearly due to low level of productivity in the country.
The Director, Productivity Measurement and Statistics, National Productivity Centre, (NPC), Abuja, Alhaji Jubril Yelwa, gave this revelation while delivering his paper titled: “Computing Productivity in the Nigerian Economy: Issues and Challenges.”
He said that it was unfortunate that achieved productivity of an average Nigerian was N430, 560, as against the expected N782, 652 annually as he puts the target productivity level at N838, 720.
Yelwa, while speaking during the Nigerian Institute of Social and Economic Research (NISER), monthly lecture series, for May 2015, on Tuesday, in Ibadan, argued that “by normal distribution, 60 percent of total population was supposed to be the working arm and the expected productivity level would have been $5,017/head or N782, 652/head in naira term.”
