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Government to create 1.8m jobs annually

27 June 2014, 15:12

Lagos - The Minister of Trade and Investment, Olusegun Aganga, said in Lagos on Thursday that the federal government would generate at least 1.8 million jobs annually to tackle unemployment.

Aganga said this at the inauguration of a printing press owned by Dr Doyin Abiola, wife of the late Chief MKO Abiola.

"We need to create a minimum of 1.8 million jobs annually to fight the problem of unemployment.

"To achieve this, we need to provide the needed platform to create jobs for the teeming youths in the country.
The minister said as part of strategies to boost employment, the federal government had attracted investments worth $14 billion in the petrochemical sector, saying $9 billion of the investments will be in Lagos.

Also speaking on the occasion, Gov. Babatunde Fashola, stressed the need for Nigerians to patronise Made-in-Nigeria goods to enable local factories to keep people on their jobs.

He said patronising imported goods had a deleterious effect on the economy as it aided the creation of jobs in other countries.

The governor said there was also the need to improve power supply in the country in a bid to make industries more competitive and to create jobs.

"The missing infrastructure that we must get right is power supply. We can imagine how many of those jobs we have shipped out of the country because there was no power supply for the industries to operate effectively.

He promised that the state government would continue to boost industrialisation.

-     NAN

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