Nigeria: Central Bank Kicks Off Buhari’s 100 Million Jobs Project

The Central Bank of Nigeria (CBN) yesterday announced policies and programmes to create 10 million jobs in the next five years. The initiative falls within President Muhammadu Buhari’s resolve to lift 100 million Nigerians out of poverty through job creation and economic diversification. In the project, which will last for 10 years, Buhari had said that Nigeria can accomplish the feat because China, India and Indonesia had done the same. The CBN, however, limited its job creation scheme to five years since its governor, Mr. Godwin Emefiele, would only be in office for the period, having served out his first term. He said that the five million jobs would be through the apex bank’s increased intervention in the agriculture and credit access to the real sector of the economy.SOURCE: LEADERSHIP

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