President Muhammadu Buhari has revealed plans to create more than 500,000 jobs by 2020 which will help reduce the rate of unemployment affecting the country.
Recently the Federal Government conducted focus labs in key areas of the economy which are agriculture, transport, manufacturing and processing, power and gas.
The President during his democracy broadcast on Tuesday stated that these sectors have yielded significant prospects for investments and job creation to the tune of $22.5bn with a potential for creating “more than 500,000 jobs by 2020”.
He said that These investment generation initiatives are expected to increase capital inflows in the form of foreign direct investment with a high prospect that the cumulative investments from this first phase of the Labs will hit US$39.2 billion by 2025.
The Buhari-led administration created the N-Power Job creation Scheme which is targeted at providing jobs for unemployed young graduates.
The President said that so far about…
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