The Presidency has insisted that the administration of Bola Ahmed Tinubu is creating millions of jobs through economic reforms and targeted programmes, despite warnings from the World Bank Group about a looming employment crisis in developing countries.
The World Bank had cautioned that many developing economies, including Nigeria, could face a major jobs shortage as millions of young people prepare to enter the workforce without enough opportunities.
Reacting to the warning, the President’s Special Adviser on Media and Public Communication, Sunday Dare, said Nigeria is taking the concerns seriously and tackling them through reforms under the Renewed Hope Agenda.
According to Dare, job creation is tied to economic activity, which is why the government is focusing on macroeconomic stability, infrastructure expansion, agriculture, manufacturing, energy development and human capital investment.
He highlighted the Renewed Hope Ward Development Programme, which targets productive activities across Nigeria’s 8,812 wards through enterprise hubs, infrastructure upgrades and skills development linked to financing.
The initiative, he said, is designed to create up to 1,000 jobs per ward, translating to millions of opportunities nationwide.
Dare also noted that the National Directorate of Employment is expanding vocational training and entrepreneurship programmes to help young Nigerians gain practical skills and transition into productive work.
On financing, he said the Bank of Industry disbursed ₦636bn to over 7,000 enterprises in 2025, enabling businesses to expand operations and retain workers.
He added that the ₦200bn MSME Intervention Programme and the Presidential Conditional Grant Scheme have supported 957,400 beneficiaries, funded over 570 startups, and helped create or retain about 1.6 million jobs nationwide.
Dare acknowledged that unemployment figures may fluctuate during reforms but said the administration remains committed to building a stable economy where businesses grow and opportunities expand.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
