Job creation in Nigeria receives AfDB’s $300 million loan

The African Development Bank, AfDB, has approved a $300million loan as part its contribution to job creation , food security and nutrition , rural income generation and improved livelihood for youths in both urban and rural areas in the country .

The Secretary to the Government of the Federation , Boss Mustapha, said this in Abuja at an event organised by the Bureau of Public Service reform in collaboration with the Department for International Development .

The SGF at the event also constituted an Inter – ministerial task team to address the youth unemployment challenges in the country .

According to him, members of the team would be drawn from the Office of the Head of Service, ministry of labour, ministry of finance, Central Bank of Nigeria, Nigerian Economic Summit Group and the National Directorate of Employment .

He said the Federal Government was committed to addressing the rising youth unemployment in the country through innovative ways .

“ The Federal Government has accorded agriculture priority in order to create job opportunities for the youth.

“We owe the youth in Nigeria today and tomorrow to work with determination and to do everything possible to win this battle .

“And am confident that with the commitment and strong resolve, we will have the results we are striving in the not too distant future. ”

SGF said that the government is addressing the unemployment challenges through the implementation of the Economic Recovery and Growth Plan.

He said through the plan, the government has identified various sectors that could be used to create jobs for the people .

The Acting Director – General, BPSR , Mr Dave Arabi said agency had developed a policy note on how to effectively address the issue of unemployment in Nigeria.

The roundtable would provide a veritable platform for all stakeholders to come up with the needed solutions to addressing the unemployment situation, Arabi said.

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