The Federal Government has announced plans to create about 3 million jobs in the next three years, in collaboration with the private sector.
This 3 year job plan is expected to come from the Technology, Wholesale and Retail, Construction and Agro-allied sectors of the Nigerian economy, while 700,000 jobs, which would be private sector driven, would come from the Agro-allied sector.
Vice President Yemi Osinbajo on Wednesday made this known while receiving the implementation report jointly packaged by the Job Creation Unit (JCU) of the Presidency and the Nigerian Economic Summit Group, NESG on job creation and youth employment in the country, at the Presidential Villa, Abuja.
The Strategic Framework and Implementation Plan for Job Creation and Youth Employment in Nigeria estimates more than three million jobs to be created in the country within three years, starting from 2016 especially in technology, wholesale and 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, which is said to be besides the 500,000 teaching jobs for unemployed graduates planned by the Buhari administration.
Osinbajo said that 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.
The Vice-President recalled that President 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 Buhari’s 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.
While receiving the report, the excited Vice President said;
“We are in a situation now when the only way is up.”
He also thanked the NESG for working so hard on this project.
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.