FG to Create 15 Million Jobs, Generate 10 Gigawatt Electricity by 2020

(Last Updated On: April 12, 2017)


By Tinuade Salami

The federal government of Nigeria has disclosed plans to put unemployment rate in Nigeria to a halt by creating 15 million jobs in 2020.

Minister of Budget and National Planning, Sen. Udo Udoma, disclosed this at a media brief on Tuesday in Abuja.

Sen. Udo said that the 15m jobs will be created in agriculture, manufacturing, construction, services and particularly among the youth as captured in the recently launched Economic Recovery and Growth Plan, ERGP.

Udoma also revealed that the implementation of the plan would deliver some key outcomes including generation of at least, 10 gigawatt of electricity by 2020.

According to the Minister, the plan was to grow 6.9 per cent over the Plan period in Agriculture, self-sufficiency in rice and wheat in 2018 and 2020 at the end of the plan period, to achieve at least 10 gigawatt of operational electricity capacity by 2020.

He said also stressed the need for the country to achieve 60 per cent reduction in imports of refined petroleum products by 2018, to become a net exporter of refined crude by 2020, average of 4.6 per cent average real GDP (Gross Domestic Growth) growth rate over the Plan period with 7 per cent by 2020.

He said the country will achieve single digit inflation rate by 2020 and increase crude oil output from 2.2 million barrel per day (mbpd) to 2.5 mbpd by 2020.