NLNG Corporate Caring banner FirstGem 3rd anniversay lecture Fidelity bank card banner Emerald Energy Institute Camano banner

FG to provide 1m jobs in the next 3 years

By News Express on 11/11/2015

Gmail icon

Views: 2,117

The Federal Government targets between 600,000 and one million jobs within the next three years through the Growth and Employment (GEM) Project.

Mr Sani Labaran, Director-in-charge of GEM in the Ministry of Industry, Trade and Investment, disclosed in an interview with the News Agency of Nigeria (NAN) in Abuja on Tuesday.

Labaran, who is also the Coordinator of GEM, said the project would create both direct and indirect jobs in five sectors of the economy from 2015 to 2018.

He said that the five sectors were identified based on their growth and employment potential.

The coordinator gave the sectors as entertainment industry, ICT, hospitality and tourism, light manufacturing and agro processing as well as construction/real estate.

“The project is aimed at enhancing job creation and increased non-oil growth in specific high-potential value chain sectors.”

According to him, GEM Project is very important to the Federal Government and the Nigerian economy, as it will help to address high unemployment rate.

NAN reports that the project is supported by the World Bank and the UK Department for International Development (DFID) and is being implemented by the Federal Ministry of Industry, Trade and Investment.

The World Bank is providing a loan of about 160 million dollars, while the DFID is providing a grant of about 100 million dollars.

NAN learnt that the project was conceptualised after the conduct of Growth Poll Studies in 2007.

The study identified key sectors with potential growth in the economy and with high potential to generate a lot of jobs.

NAN learnt that the project had three pillars of investments, developing new business models and improving the business enabling environment.

The first pillar is that the project will provide for investments to address gaps that prevent key growth centres from expanding and hiring more Nigerians, in particular, the young and poor.

The project will support Small and Medium Enterprises (SMEs) develop new business models, train the labour force to enable Nigerian businesses to participate successfully in national and global supply chains.

It will also improve the business enabling environment so that businesses can grow faster and become more profitable. (NAN)

•Photo shows President Buhari.

Source News Express

Posted 11/11/2015 04:53:54 AM





You may also like...
2 church goers arraigned over gang-rape of teenage...

Looters’ Paradise: Why Africa isn’t Rising

Pipeline vandalism has hampered Delta’s development – Okowa...

Buhari assures of total war against insurgency

British PM appoints new Brexit Minister

Okorocha imposes development levy on Imo adults

South East civil society delegates emerge for National...

Why we’re hosting International Association of Ports and...

Okowa urges students to acquire entrepreneurial skills

Nigerian kills Nigerian in South Africa

BringBackOur Girls rubbishes Nigerian Army’s claim, says ‘rescued’...

Buhari’s son: Nigeria’s best neurosurgeons and orthopaedic doctors...


Latest News BREAKING: Robbers attack commercial bank in Ekiti, blows up entrance with dynamite Rotary Club laments high rate of STIs, unsafe abortions, unwanted pregnancy Kogi, Bayelsa Polls: HURIWA berates Police for compromising citizens’ security •Wants media blackout for DSS Youth strategic to the Nigerian Project — Dare Child Protection Network enjoins children to shun bullying, cultism in schools Lawyer shot dead in court APC NEC meeting: Protesters demand Oshiomhole’s immediate sack Justice Nwosu-Iheme: How ‘Uniformed Policemen’ abducted me, killed my orderly in Benin City Rivers serial killer makes U-Turn, denies being guilty Sanusi floors Ganduje as court dissolves other Kano emirate councils Gunmen attack commissioner, kill driver Judge stops proceedings as Maina bleeds in court during trial


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (564,403 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (453,082 views) Shameless Genevieve Nnaji exposes breasts in public (402,384 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (336,890 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (304,402 views) 10 cars more expensive than Jets (283,099 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (259,359 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (257,614 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (239,133 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (225,568 views) Lagos plane crash: Journalist releases victims’ names (201,909 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (198,566 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (110) Business & Economy (4,580) Business Verdict (87) Columnists (1,147) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (708) Features (845) Global Business Monitor (493) ICT Monitor (68) International (4,228) Interview (212) Live Commentary (30) Love Matters (176) Maggie's Blog (490) News (54,231) Opinion (1,424) Pidgin (17) Politics (11,786) Religion (1,122) Sports (2,230) Stock Watch (40) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera