Business Experts Speak on FG's Target of Creating 3 Million Jobs Nationwide in 12 Months

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LequteMan

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Some financial experts on Thursday, expressed divergent views on the Federal Government recent inauguration of a Presidential Board for the creation of three million jobs nationwide.

Many of the experts were of the view that that Nigerian youths would be gainfully employed, if the government creates the enabling environment for businesses to thrive.

President Goodluck Jonathan, while iaugurating the board, mandated it to create three million jobs in 12 months.

Members of the the 31-member board, headed by the Vice President Namadi Sambo, were drawn from both the government and the Organised Private Sector (OPS).

A Stockbroker, Mr Emmanuel Eze, described the initiative as a welcome development that would enhance government capapcity to absorbe more Nigerian youths into the Federal Government employment.

Eze, who is also the Chief Executive Officer, Perfecter Venture Limited, also said that the board would provide another opportunity for a coordinated platform for the employment of Nigerian youths.

“In spite of the job security of working with the government, many young people would prefer to work for some years, garner exprence and turn into enterprenuers.

“ It is a matter of preference for many of them, but not to spend their entire working carrier in a particular government agency,“ he said.

Mr David Adewale, an enterpreneur, welcomed goverment moves also but said that job creation was not the primary responsiblity of the government.

According to him, the government should restrict itself to the formulation of economic policies for the stimulation of the economy, by putting in place the necessary business infrasteucture.

“Government could stimulate the business environment by granting tax holidays, a well-tailored financial support scheme and waivers for imported machinery for production.''

He said government should ensure patronage of local products by enacting a law compelling government agencies and the private sector to patronise locally produced goods.''

Mr Titus Okuroumu, a former director of the Central Bank of Nigeria (CBN), said that the three million jobs target within 12 months was not tenable.

He also urged the government to focus on the building of capital projects such as refineries in order for the jobs target to be realised.

#CBN #Nigeria

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