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AFRICA FASHION WEEK NIGERIA

Wednesday, May 16, 2018

We’ll Create 500,000 Jobs with $22.5b Private Investments, Says Osinbajo

Vice President Yemi Osinbajo yesterday said the government’s Economic Recovery and Growth Plan (ERGP) Focus Labs has identified more than $22.5 billion in private investments from about 164 projects.

These have the capability to unlock the Nigerian economy, he added.

Prof. Osinbajo spoke at the ERGP Focus Labs Open Day at the International Conference Centre in Abuja.

The Vice President said the identified projects are expected to create 513, 981 jobs by 2020.

He added that the outcome of the six-week Focus Labs, which was launched by President Muhammadu Buhari on March 13, showed that $10.9 billion of investments “are what we call ‘Most Ready’ projects, that is we are almost sure to unlock these projects and accelerate their delivery by the private sector.

“These projects are forecast to create more than half a million new permanent jobs for the people of Nigeria up till the year 2020, demonstrating the far-reaching impact of the ERGP Focus Labs in unleashing a brighter future for our country,” he said.

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