President Muhammadu Buhari has reiterated his commitment to creating more jobs, with particular focus on enabling the private sector, targeting more youthful population by streamlining priority on agriculture, arts, entertainment, mining and information technology
The president stated this at a Presidential Conference with the Participants of Senior Executive Course 42 of the National Institute for Policy and Strategic Studies at the State House, Abuja, on Thursday.
He noted that the focus of the group’s research for the year, “Population Growth and Human Capital Development: Challenges and Opportunities”, was most appropriate in timing, and the recommendations would be fully considered.
“Let me reiterate that our administration is committed to diligently pursuing investments in people, especially in our youths as well as most vulnerable and poorest members of society.
“We will study and explore the creative and innovative recommendations in your report and direct implementations as soon as possible.”
The president told participants of Senior Executive Course 42 that his administration had made tremendous efforts at diversifying the economy and reducing heavy dependence on the oil sector for government revenues and foreign exchange earnings.
“We are refocusing the economy on agriculture, agro-processing, arts, entertainment, mining, manufacturing, information technology and labour-intensive industries to generate millions of jobs for our teeming youths and able-bodied Nigerians, while gradually integrating the economy into the global economy.
“This administration developed the Economic Recovery and Growth Plan for 2017-2020, which focused on economic diversification and stabilization, making the business environment more competitive, as well as achieving macroeconomic stability by means of fiscal stimulus and improving the balance of external trades.
“We focused the plan on key sectors such as energy, agriculture, manufacturing, infrastructure, especially rail, roads, broadband networks.
“We have made considerable progress in food production, especially in rice. We will continue to encourage private capital for infrastructural development through Public-Private Partnerships,” he said.
Mr Buhari noted that efforts had been made in putting in place various programmes to equip Nigerians, particularly the youth, with requisite skills for employment, entrepreneurship, and wealth creation.
The president said the Federal Government had taken steps to harmonise all operations related to technical and vocational skills development by all Ministries, Departments and Agencies.
He added that this had culminated into a new partnership between the Industrial Training Fund and Nigeria Employers’ Consultative Association under a special initiative called the Technical Skills Development Project.
“In addition, government is implementing the Special Public Works programme to provide employment opportunities to 774,000 youths across the 774 local government areas of Nigeria.
“We have also recently introduced N75 billion Nigeria Youth Investment Fund, of which N25 billion have been provided in 2021 Budget. All of these are consistent with our policy of positioning the youth for strategic leadership in different fields of endeavor,” he said.
He commended management and members of faculty of the National Institute for getting participants of Senior Executive Course 42 to focus on a theme and present a report as experts on the subject matter.
