Friday, 17 March 2017

Nigeria Must Create 40 Million Jobs by 2030 - World Bank Group

Nigeria must provide around 40 million occupations by 2030 to empower her recover from the present economic recession, the World Bank Group, has disclosed.

Its Country Manager, Mrs. Eme Essien Lore, who said this publicly yesterday in Lagos at the inaugural meeting of Secretaries to State Governments (SSGs) of APC States, in Alausa, Ikeja, however said the heft of the jobs will originate from the public sector.
Nigeria Must Create 40 Million Jobs by 2030 - World Bank Group

She focused on the requirement for government at all levels to streamline approaches to make empowering condition for the development of the private sector.

She said these employments must be beneficial and deliver higher income than what is obtainable in the labour market today, focusing on that if appropriately dealt with, it will decrease and handle social unrest.

“When we look at the need for job creation, what we checked was the number of young people entering the work force annually. And when we examine the number and look at Nigeria’s population today, we realised that Nigeria is a very young country, adding many more young people to the job market than any other African country.

“The country population is growing fast and in it is estimated to have the third largest population behind India and China in few years. Due to that, the country will need to create huge number of jobs to correspond with the population,” Lore said.

She said the World Bank is also looking at the economic recovery plan launched by the Federal Government of Nigeria, and will align its objective with the plan.

While inaugurating the forum,  Governor Akinwumi Ambode, urged the SSGs on the need to be committed to the vision of their various governments by providing accountable, responsible and responsive leadership to the people.

Represented by his Deputy, Mrs Oluranti Adebule, he said despite the dire financial and logistical straits confronting states as a result of the declining growth in the economy, the burden rests on government to devise ingenious ways and means of meeting the expectations of the people.

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