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FG SETS TO GENERATE 15 MILLION WORTH OF JOBS SAYS SENATOR UDO UDOMA.

The Minister of Budget and National Planning, Senator Udo Udoma, has disclosed that the President Muhammadu Buhari-led Federal Government has strong plans to bring down unemployment rate in the country, by creating at least, 15 million jobs for Nigerians by the year 2020 as captured in the recently launched Economic Recovery and Growth Plan (ERGP).


Speaking at a news conference on ERGP on Tuesday in Abuja, the Minister disclosed that the 15 million jobs will be created in agriculture, manufacturing, construction, services and particularly among the youth.

He also stated 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 intents of the government include:

 “We want agriculture to also grow by 6.9 per cent over the Plan period; we want self-sufficiency in rice and wheat 2018 and 2020 at the end of the plan period.

 “We want 60 per cent reduction in imports of refined petroleum products by 2018 and to become a net exporter of refined crude by 2020.

 “We expect an average of 4.6 per cent average real GDP (Gross Domestic Growth) growth rate over the Plan period with 7 per cent by 2020; we want to achieve single digit inflation rate by 2020.”

 “We want to increase crude oil output from 2.2 million barrel per day (mbpd) to 2.5 mbpd by 2020.

 “We want to achieve at 10 gigawatt of operational electricity capacity by 2020.’’
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