Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


1.8m people enter job market yearly - Okonjo-Iweala

01 April 2014, 16:10

Abuja - The Minister for Finance, Dr Ngozi Okonjo-Iweala, on Tuesday in Abuja said no fewer than 1.8 million graduates in the country move into the labour market every year.

Okonjo-Iweala, who is also the Coordinating Minister for the Economy, made this known during  a meeting with delegates of the Arewa Youth Forum on issues of youth development in the Northern part of the country.

She said that the data was generated by National Bureau of Statistics and that it was to enable the Federal Government to ascertain the level of youth unemployment and come up with policies to address it.

"I am proud to say that after two months of methodological work, the statisticians have come up with the data that 1.8 million people in the country enter the job market yearly.

"I am happy to tell you that last year we were able to create 1.6 million jobs. So we are getting close to the 1.8 million that enter the job market.

"We also have a pool of 5.3 million unemployed graduates that have been accumulating over the years.

"So our strategy is to come up with policies that will cover the number of entrants every year before taking care of the backlog,’’ she said.

The minister said that President Goodluck Jonathan’s administration was doing a lot to create employment opportunities for the youth.

"Through YouWin programme, we have had 3 600 winners, among whom 2 400 winners have created 27 000 jobs so far. Our target is to create a minimum of 80 000 jobs through this.

"Through SURE-P, so far we have created 120 000 jobs. While YouWin is geared towards graduates, the SURE-P is for those youths who may not have gone through school or did not complete their education.

"The President has launched the National Mortgage Re-finance Corporation which will not only provide housing for the low income earners but will simultaneously create thousands of jobs for our youth.

"We are targeting 10 000 mortgages this year and for every house you build, you create five direct jobs and two and half indirect jobs, which can create another 75 000 jobs,’’ she added.


For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...