Vice President says FG will create over 1m jobs

chika ebuzor

September 3, 2015 4:57 AM

He said that the job creation strategy is included in the new economic blueprint of the current administration.

Prof. Yemi Osinbajo.

Vice-President Yemi Osinbajo, speaking at the 45th Annual Accounting Conference of the Institute of Chartered Accountants of Nigeria, revealed that the Federal Government has put plans in place to create over 1 million jobs in Nigeria.

Adding that the new blueprint will also generate N980 billion in foreign investment, and boost food production.

He said “Why are most people poor despite rising revenues and GDP growth? Our main revenue earners, the extractive oil and gas economy do not by themselves create many jobs.”

"The irony of a top-down economic model, when the major revenue earner is extractive and the value chain is poorly developed," he said.

Speaking on education, Osinbajo said “One of the most important interventions required in the education sector is capacity building to improve teacher quality. This programme is intended to drive teacher capacity development; boost basic education; attract talents to the teaching profession. Better educated population increase economic potential for productivity."

chika ebuzor