Nigeria Must Provide 40-50 Million Jobs before 2030 –World Bank

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Nigeria Must Provide 40-50 Million Jobs before 2030 –World Bank

By Correspondent

Based on new reports, the World Bank presented an agenda for Nigeria’s leaders: to create between 40-50 million jobs in the next 14 years. The institution believes this will reduce poverty, promote inclusive growth and provide income if taken seriously. The first report titled “More, and More Productive Jobs for Nigeria” provides a detailed overview of jobs, workers, and employment opportunities. The second, “Understanding and Driving Private Sector Growth in Nigeria” studies constraints and drivers of firm-level growth and implications for employment. The third report; “Skills for Competitiveness and Employability” examines the demand in priority economic and job growth sectors and how to ensure that Nigerians have the right skills. According to World Bank’s Country Director for Nigeria, Mr Rachid Benmessaoud, “Understanding where people work, constraints to firm growth, and the skills needed is fundamental for formulating appropriate policies. “The solid, detailed diagnostics in these reports are critical inputs to developing education and jobs strategies for Nigeria.” “The reports also show a geographic divide, with northern Nigeria having low levels of education access and high youth underemployment than the South. “Although skills required in Nigeria remain mostly manual, the South is experiencing more demand for the cognitive skills required by the new knowledge economy.’’ According to the studies, the majority of adult Nigerians are employed but locked into low-productivity and low-income work, with no job or income security. However, the reports called for attention to key areas of the country’s education, competitiveness, and jobs agenda. “Nigeria needs to improve basic skills levels; some 30 percent of youth have not completed more than primary education. “Beyond basic skills, better policies and programmes would improve access and market relevance of technical vocational education and training.’’ “Agriculture contributed 22 per cent to GDP in 2012, but employed half of the working population. “Raising agricultural productivity ”“ incorporating small farmers in value chains, increasing access to markets, inputs, and technology will help raise income opportunities for smallholder farmers. “It would simultaneously tap into the significant potential for domestic agriculture and agribusinesses in Nigeria.’’ 

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