The federal government has said it plans to create 21 million jobs for Nigerians in its new National Development Plan.
According to the new National Development Plan (2021-2025) that replaces the Economic Recovery and Growth Plan (2017-2020) which was headed by Vice President Osinbajo, 35 million people will be lifted out of poverty within the period.
In a statement, Laolu Akande, spokesperson to Osinbajo, said the national economic council (NEC) received a presentation and memo on the draft of the development plan from the ministry of finance, budget, and national planning, at its meeting on Friday.
He said, “The plan also targets an average of 5 percent GDP growth, the creation of 21 million jobs, and lifting 35million people out of poverty within the duration of the Plan.”
Akande described the plan as a mechanism to engage, empower and employ our teaming energetic youths; provide opportunities for young people, women, vulnerable people, etc., via mainstreaming; increase revenue to 15 percent of GDP by 2025 and decrease the budget deficit.
Prioritisation and implementation of critical and strategic infrastructure projects that will directly boost production and productivity were the major policy actions of the plan.
He listed others to include, “institutional reforms in public sector, law enforcement, judiciary, and secure property rights, including intellectual property; “Measures to diversify revenue and increase tax to GDP ratio by improving tax administration, including the informal sector, and widening the tax base.”
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