DESPITE THE ECONOMIC
CHALLENGES THE NATION IS CURRENTLY facing, Nigeria’s trajectory is upward with
the level of patriotic planning that is taking place and all the available
ideas that are being implemented.
Vice President, Prof.
Yemi Osinbajo defined this positive outlook earlier today while receiving an
implementation plan on job creation and youth employment in Nigeria jointly
packaged by the Job creation Unit of the Presidency, and the Nigerian Economic
Summit Group, NESG.
“We are in a situation
now when the only way is up,” Prof. Osinbajo declared while thanking the
NESG “for working so hard on this project.”
As laid out in the
plan, Strategic Framework & Implementation Plan for Job Creation
& Youth Employment in Nigeria, more than 3 million jobs would be
created in the country within three years starting in 2016 especially in
Technology, Wholesale & Retail, Construction and Agro-allied sectors of the
Nigerian economy. This year alone the plan foresees the creation of over
700,000 private sector jobs, majority of which are expected in the Agro-allied
sector.
(This private sector-led
job creation plan is different from the direct creation of government jobs
planned by the Buhari presidency including 500,000 teaching jobs for unemployed
graduates.)
While expressing
excitement and hope regarding the plan, the Vice President recalled that
President Muhammadu Buhari had set job creation as the central focus of
government policy when he instructed that policy planning must address the
question, “how many jobs would the policy create?
Even though job creation
might be “painfully slow,” Prof Osinbajo assured Nigerians that the Buhari
presidency is addressing the constraints that businesses face including
regulatory and institutional delays. He noted that government and the private
sector only need to work together and get it right this time.
According to
him, “I am extremely excited at all that is available. We really
have everything we need, we just need to get it right,” indicating the
role of effective implementation of the job creation plan.
The Job Creation Unit in
the presidency initiated the job creation plan and the NESG as private
sector players validated it through a joint committee, and would be working
together with government in the implementation process.
Speaking earlier at the
meeting, the chairman of the NESG, Mr. Kyari A. Bukar noted that “NESG is
honored to be part of the Committee, and we commit to collaborate with the JCU
whilst leveraging our vast private sector network to collectively solve
the unemployment challenges Nigeria faces."
He added that the NESG
“have had the opportunity to review the Strategic Framework &
Implementation Plan for Job Creation developed by the JCU, with the
support of Dahlberg, and understand the urgency in addressing unemployment in
Nigeria,” and urged the federal government to address the sectoral constraints of
job creation particularly in the four selected sectors of Technology,
Wholesale & Retail, Construction and Agro-allied businesses.
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