Vice President Yemi Osinbajo has revealed that the federal government will collaborate with the private sector to create three million jobs in four economic sectors in three years. He said 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.
As laid out in the plan, Strategic Framework and Implementation Plan for Job Creation and Youth Employment in Nigeria, more than three million jobs would 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.
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.
Prof Osinbajo assured Nigerians that the 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.