The Vice President of Nigeria, Professor Yemi Osinbajo on Wednesday said that the Federal Government is set to create to create about 3 million jobs before the year 2019.
The vice-president disclosed this information, while receiving the implementation report jointly packaged by the Job Creation Unit of the Presidency and the Nigerian Economic Summit Group, NESG on job creation and youth employment in the country, in Abuja.
Osiinbajo stated that beginning this year, his administration will provide over 700,000 private sector jobs , with majority in the Agro-allied sector, adding that in the next three years over 3 million jobs will be created in the Technology, Wholesale & Retail and Construction sectors of the Nigerian economy to engage youth across the country.
The VP was quick to point out that the private sector-led job creation plan is different from the direct government jobs planned by President Muhamadu Buhari’s presidency which promised to create 500,000 teaching jobs for unemployed graduates.
“We are in a situation now when the only way is up,” Prof. Osinbajo said while thanking the NESG “for working so hard on this project,” the vice-president was quoted as saying in a statement issued by his Senior Special Assistant on media and Publicity, Laolu Akande.
“As laid out in the plan, ‘Strategic Framework & Implementation Plan for Job Creation & Youth Employment in Nigeria’, more than three million jobs would be created in the country within (the next) three years, starting in 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.
Even though job creation might be “painfully slow,” Prof Osinbajo assured Nigerians that the Buhari presidency is addressing the restrictions 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.
Finally, VP osinbajo applauded the initiative of the Buhari administration to partner NESG on job creation with the private sector, advocating the need for both parties to continue working together to implement the job creation plans.