FG targets 10 million jobs by 2027

The Federal Government, on Sunday, set an ambitious target of creating 10 million jobs by 2027 through a combination of skills development programs.

It said the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda, aiming to reduce youth unemployment from the current 35% to 15% within three years.

The Minister of Youth Development, Dr. Jamila Bio Ibrahim, disclosed this in a statement after her participation at the Harvard Ministerial Leadership Forum in Cambridge, Massachusetts.

Dr. Ibrahim outlined key strategies aimed at improving the socio-economic and political inclusion of Nigerian youth.

She stressed the importance of implementing a 30% youth quota in government positions and providing targeted support for youth-led businesses through the National Youth Development Fund.

Ibrahim said: “The government aims to create 10 million jobs by 2027 through a combination of skills development and strategic partnerships.

“This forum provides an unparalleled opportunity to exchange transformative ideas and solidify actionable solutions that align with Nigeria’s national goals for youth empowerment, job creation, and leadership inclusion.”

She stressed the importance of such global platforms in enhancing Nigeria’s strategic goals for youth development.

Dr. Ibrahim also highlighted the government’s focus on public-private partnerships and the restructured National Youth Investment Fund (NYIF), as well as the Presidential Initiative of Youth Enterprise Clusters (PIYEC), as vital tools in reducing youth unemployment.

At the Harvard Forum, she said, it is a significant milestone in furthering these efforts, providing key insights and partnerships to drive youth inclusion and empowerment in Nigeria.