Unemployment Remain Our Major Challenge,Okonjo Iweala

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala disclosed on Monday in Abuja that unemployment remain a major challenge in the country.

She stated this, while briefing the press on preparations for the forthcoming World Economic Forum, WEF, slated for Nigeria next year.

According to her, the Federal Government would work assiduously for with both local and foreign investors to raise the outlook of the nation’s private sector investments in all sectors of the economy, especially in infrastructure, agriculture and the Small and Medium Enterprise which are key to boosting job creation across the nation.

The minister said that although the present administration has made great progress on several fronts of the economy,
unemployment remained a major challenge that required the collaborated efforts of both the public and private sectors.

Her words, “there are challenges to economic development in the country, these challenges are creating job and reducing unemployment because we are creating jobs but not fast enough. We need to create jobs faster because in the last 12 months have created about 1.6 million jobs but we need to create more because there are more entrants into the market at the same time we need to create mechanism to take care of those at the bottom end of the ladder in the country.”

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