The Minister of Budget and National planning Sen. Udoma Udo Udoma has said one of the targets of the Economic Recovery and Growth Plan (ERGP) is to create 15 million new jobs between 2017 and 2020. And the strategy is to collaborate with several stakeholders including the state governments to co-create solutions to make this happen; because the Federal Government is very keen on the job creation impact of the projects that would benefit from these labs.
Sen. Udoma while speaking at a workshop in Abuja organised for representatives of state governments, as part of the integration process by the federal government to ensure full participation of sub-regional governments in the Focus Labs scheduled to commence next month said, the focus labs are basically the bringing together of all relevant players: investors, both domestic and international, subject matter specialists, government officials at both federal and state level, other participants and stakeholders, to mobilise high impact investments for large projects that would contribute significantly to Gross Domestic Product and job-creation. The focus labs therefore are fora for private sector investors to bring forward their entry-point project or projects they would like to invest in, and discuss with senior government officials in a closed setting.
In a statement made available to LEADERSHIP by Mr. James Akpandem revealed that the labs will be starting with three key areas; agriculture and transport, manufacturing and processing, and power and gas, reflecting some of the execution priorities of the ERGP; but will continue subsequently in other areas such as entertainment, services, sports and the media. Udoma called on stakeholders to work jointly together to filter through the kind of projects that would benefit most from the labs. “It is important and critical that we work closely with the states as most of the investments will be located in the states. In short, it is the state governments that will be hosting most of the investors. As the representatives of the states we will be working with you to identify suitable projects that meet certain criteria such as GDP contribution, job creation, project readiness, amongst others,” he said.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: email@example.com
Sign up for our newsletter
- NEWS20 hours ago
JUST-IN: Nnamdi Kanu Sighted In Israel
- OPINION23 hours ago
PDP Presidential Primaries And Choice Of Atiku
- COVER STORIES13 hours ago
55 Dead, 22 Arrested In Kaduna Clash
- COVER STORIES12 hours ago
New Minimum Wage Suffers Setback As FG Aligns With Govs
- NEWS24 hours ago
President Buhari Congratulates Sam Nda-Isaiah On Conferment Of Chieftaincy Title, Aare Baaroyin Of Akure Kingdom
- NEWS22 hours ago
Ooni Unveils New Wife Prophetess Oluwaseyi
- NEWS21 hours ago
Fayemi Dissolves Boards Of Ekiti Agencies, Parastatals
- NEWS8 hours ago
No Extension Of Deadline For Submission Of Candidates’ List – INEC