Buhari Promises 1.5 Million Jobs By 2025

On February 9, 2019 111 Comments

President Muhammadu Buhari has promised that the federal government will create at least 1.5 million jobs before the end of 2025.

Speaking at the signing of agreements between the Nigerian special Economic Zones Investment Company and its strategic investment partners at the Presidential Villa, Abuja, on Friday, he said the government will generate $30 billion in annual export earnings through a Presidential priority intervention programme, using the country’s Special Economic Zones within the period.

The President said the government plans to implement a comprehensive plan that includes developing special economic zones across the country and upgrading existing free trade zones in some parts of the country.

He said: “Special Economic Zones have an important role to play in our scheme. Special Economic Zones (SEZ) offer investor- friendly incentives, up-to-date infrastructure and ease of doing business in order to attract local and foreign investment and have been used as a catalyst for rapid and inclusive industrialisation, job creation and diversified export earnings in countries with exemplary development records.

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“Under my direct supervision, the Minister of Industry, Trade and Investment is implementing Project MINE – Made in Nigeria for Exports – as a Presidential special priority intervention using Special Economic Zones to achieve the objectives of: boosting manufacturing’s share of GDP to 20%, generating $30bn in annual export earnings; and creating 1.5 million new jobs all by 2025. In order to achieve these ambitious objectives, we are implementing a comprehensive plan.

“We have set up the Nigeria SEZ Investment Company Limited as a vehicle for participating in Public-Private Partnerships involving Federal and State governments and local and foreign private investors. This company will develop new Special Economic Zones all over the country, offering advanced infrastructure and facilities at competitive costs.

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“The projects in the pilot phase include Enyimba Economic City, Funtua Cotton Cluster and Lekki Model Industrial Park,” he said.

He also revealed that the government is reviewing its strategies, to ensure the country succeeds in wooing more investors.

According to him, “We are reviewing our incentive framework to ensure competitiveness relative to the other countries with which we are in the race to attract export-oriented global manufacturing investment.

“We will extend the early successes we have achieved in Ease of Doing Business to the areas critical to globally competitive export-oriented manufacturing operations.”

Buhari stated that following the signing of investment agreements, the Nigeria SEZ Investment Company Limited will become fully operational.

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In his remark, the President of Afreximbank, Dr Benedict Oramah said the bank has a robust relationship with the Nigerian government in the past two years.

He expressed delight at the signing of the agreement, which he said will help concretise the work Afreximbank intends to do for Nigerians.


Comments (111)

  1. Anonymous says:

    No more feeding of pupils, one dollar for one naira,or paying under graduate, now is creating job for 2025, were u cannot create one since four years instead people lose the one they have,haba Buhari and APC

  2. Anonymous says:

    Don’t mind him, he doesn’t know what he is doing.2025 is another person administration. Chemical reaction is more better than buhari. Buhari is a non living things

  3. Anonymous says:

    Army went to alaoji at aba this week and started shooting sporadically like terrorist, the senate didn’t here about it, people where killed by its security who took oat to protect them. Just because of seat. Those people family killed by Nigeria solders are innocent are in great pain. Nigeria sucks

  4. Anonymous says:

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  5. Anonymous says:

    They are here to deceive the gullible again. Ur emergency caused over 15 million Nigerians their jobs, how come you want to create 1.5 million jobs, u re a chronic fairlure. U re fired.

  6. Anonymous says:

    Thank God for internet social media where everyone expresses his mind without being harassed . In fact , Buhari is stupid for saying this, come and arrest me in my house

  7. Anonymous says:

    National Cohesion….Dead
    Unemployment…. Worst ever

    Buhari promised all these before the elections but failed in virtually all of them.
    I have no single trust in him whatsoever!
    He failed and should be sent parking!

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