UNEMPLOYMENT: FG Targets Five Million Jobs With $1.2b Scheme

 UNEMPLOYMENT: FG Targets Five Million Jobs With $1.2b Scheme

The Federal Government has disclosed that it is targeting five million jobs with its new agricultural revolution tagged: “The Green Imperative”.

According to the government, the scheme which will be implemented over a period of 5-10 years with foreign funding, would attract six tractor assembly plants in the nation’s geopolitical zones and 142 agro-processing service centres.

The Minister of Information, Culture and Tourism, Lai Mohammed, and  the Minister of Agriculture and Rural Development, Sabo Nanono,  revealed this at a joint briefing in Abuja.

Mohammed said: “The stage is now set for an agricultural revolution that will strengthen food security, create massive jobs, transfer technology, revive or reinvigorate many assembly plants, strengthen the economy, save scarce resources, mechanised farming and lead to the emergence of value-added agriculture, among other benefits.’’

“The Vice President launched “The Green Imperative” programme officially on 17 January, 2019 in the presence of the representatives of the Federative Republic of Brazil, Deutsche Bank as well as Brazilian and Nigerian private sector.’’

The Minister of Information, Culture and Tourism further explained that the federal government  plans to invest some $1.2 billion in the scheme, which will inject $10 billion into the economy within the next 10 years.

He said: “The programme, worth $1.2 billion, is to be implemented over a period of 5-10 years with funding from the Development Bank of Brazil (BNDES) and Deutsche Bank; with insurance provided by Brazilian Guarantees and Fund Managements Agency (ABGF) and the Islamic Corporation for Insurance of Export Credit (ICIEC) of the Islamic Development Bank (IsDB), and coordinated by Getúlio Vargas Foundation (FGV).’’

He stated that “The Green Imperative” programme will revolutionise agriculture in Nigeria through the creation of  about five million jobs and inject over $10 billion into the economy within 10 years.

The minister highlighted other benefits accruable from the programme as training 100,000 extension workers within three years; impacting over 35 million persons nutritionally and economically; revatilisation of research and extension service delivery through a five-year technology-package transfer component; and  transfer of technology from Brazil’s manufacturers and institutions to Nigeria.

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