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FG targets one million jobs through growth employment project
The Federal Government has said it is targeting between 600,000 and one million jobs in the next three years through the Growth and Employment Project.
Director-in-charge of GEM in the Ministry of Industry, Trade and Investment, Sani Labaran, who made this known, said that the project would create both direct and indirect jobs in five sectos of the economy from 2015 to 2018.
Labaran, who is also the Coordinator of GEM, said that the five sectors were identified based on their growth and employment potential.
The coordinator gave the sectors as entertainment industry, ICT, hospitality and tourism, light manufacturing and agro processing as well as construction/real estate.
“The project is aimed at enhancing job creation and increased non-oil growth in specific high-potential value chain sectors,” he said.
According to him, GEM Project is very important to the Federal Government and the Nigerian economy, as it will help to address high unemployment rate.
The project is supported by the World Bank and the UK Department for International Development and is being implemented by the Federal Ministry of Industry, Trade and Investment.
The World Bank is providing a loan of about $160 million, while the DFID is providing a grant of about $100 million.
The project was reportedly conceptualised after the conduct of Growth Poll Studies in 2007.
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