The Federal Government has created about 1,401,242 jobs within the last one year through the implementation of trade and investment reforms, policies and programmes, the Minister of Trade and Investment, Mr. Olusegun Aganga, has said.

Aganga, according to a statement made available to our correspondent by his Special Adviser on Media, Mrs. Yemi Kolapo, said this during the ministerial session of the Fifth National Council on Trade and Investment in Minna, Niger State on Thursday, noting that the ministry hoped to double the figure very soon.

According to the one-year score sheet of the various agencies and parastatals under the ministry, the Bank of Industry created 1,335,000 jobs; the Small and Medium Enterprises Development Agency,31,122; Onne Oil and Gas Free Zone, 30,000; and other Free Trade Zones under the Nigeria Export Processing Zones Authority, 5,120. These give a total of 1,401,242 jobs.

The minister also said the ministry was currently executing matching programmes for SMEs, in collaboration with state governments, to remove the bottlenecks associated with securing collaterals and make it easier for SMEs to access loans to start or expand their businesses.

Aganga was quoted as saying, “As a result of the various reforms in the different focus areas, jobs created by the ministry’s parastatals in the last one year are estimated at 1,401,242 jobs as enumerated above, even though not all the jobs created are captured here. However, as the reforms continue, and with maximum focus on results, we hope to double this figure very soon.

“We are executing matching programmes with state governments on SMEs and deepening financing penetration, using microfinance banks; and the Bank of Industry is getting round collateral issues related with funding through cross-guarantees by members of cooperatives.”

In that regard, he said the value of loans approved by BoI, over the last one year increased by 68 per cent or N77.74bn from N114.30bn to N192.04bn, while the estimated jobs created also increased by 34 per cent or 335,000 from 1,000,000 to 1,335,000 in the last one year.

“The President has also directed the Ministry of Trade and Investment, the Ministry of Finance and the Central Bank of Nigeria to work on recapitalising BoI to increase the amount of funds available to MSMEs,” the minister said.

He stressed that his ministry had begun repositioning the Weights and Measures Department so as to enthrone fairness and transparency in the consumption of goods and services across all the sectors of the economy.

“The President has given approval for the repositioning of the Weights and Measures Department in my ministry to enable Nigerians have value for money. Within the next two months, Nigerians will begin to experience the difference in terms of getting value for money across all sectors of the economy,” Aganga said.

He added, “Currently, we are developing small hydro power plants in strategic areas across the country where they can serve SMEs to reduce their operational costs. Through the Entrepreneurship Development Programme, a total of 10,374 SMEs got funding from SMEDAN’s various programmes in the year.

“A small and medium enterprise is expected to employ at least three workers each, which translates into a total of 31,122 jobs. We have embarked on an investment climate reform programme, working with the Department for International Development and the World Bank.”


Source: http://www.punchng.com/business/business-economy/fg-created-1-4-million-jobs-in-12-months-aganga/

Really?

na wa o !!!!!!!

Dis guy dey crase.

“A small and medium enterprise is expected to employ at least three workers each, which translates into a total of 31,122 jobs. We have embarked on an investment climate reform programme, working with the Department for International Development and the World Bank.”

According to the one-year score sheet of the various agencies and parastatals under the ministry, the Bank of Industry created 1,335,000 jobs; the Small and Medium Enterprises Development Agency,31,122; Onne Oil and Gas Free Zone, 30,000; and other Free Trade Zones under the Nigeria Export Processing Zones Authority, 5,120. These give a total of 1,401,242 jobs

Nigerian Abracadabra!!! The less you look, the more you see!!!

[img]http://www.50centloseweight.com[/img]I like this.

The jobs were created in his mind.

In dis earth or planet mars? F.uck heads!

He's right. They did create 1.4 million jobs (when you include Almajiri profession, which is 98.6 percent of the jobs).

Almajiri na job too, you know

These are part of the f00ls GEJ needs to fire if he EVER wants to win come 2015

I dey laff o

The man is speaking with statistics available to him! Yes jobs has been created and still being created just that its not enough..when 10 million jobs are need to be created in a year and the govt create 1.4 you won't say they didn't create jobs! They did it just that its not enough to make much difference because the unemployment rate in d country is staggering! Job portals and newspapers are always advertising

billante: The man is speaking with statistics available to him! Yes jobs has been created and still being created just that its not enough..when 10 million jobs are need to be created in a year and the govt create 1.4 you won't say they didn't create jobs! They did it just that its not enough to make much difference because the unemployment rate in d country is staggering! Job portals and newspapers are always advertising

Abeg, abeg . . make you softly softly blow that nonsense commot for here. What 10 million jobs need to be created per year? ROFLMAO!!!

You never even see evidence say dem even create 10,000 jobs in the last 12 months alone, you dey claim say them suppose to create 10 million.

Ejiné: He's right. They did create 1.4 million jobs (when you include Almajiri profession, which is 98.6 percent of the jobs).

Almajiri na job too, you know

Not to mention bokoharam and Kidnapping

Wonders shall never End!

, this country is a certified comedy center. 1.4 Million jobs? can they please tell us where these jobs are located? you mean buying keke napep which only the poor still board? you use your keke napep to lift your neighbors and family around, the money you make from it, you give it back to them in return and the cycle continues

in Nigeria? when nau?

The jobs were created in newspapers and magazines

WHERE ARE THE JOBS................

VERY IRKSOME SET OF PEOPLE..........

ROFLMFAO...1.4 million jobs...All i can see is more 400k-Armed Robers, 600k-fraudsters and 400k-Boko-Haramist...This thread should be moved to the joke section

Kobojunkie:

Abeg, abeg . . make you softly softly blow that nonsense commot for here. What 10 million jobs need to be created per year? ROFLMAO!!!

You never even see evidence say dem even create 10,000 jobs in the last 12 months alone, you dey claim say them suppose to create 10 million.

I didn't say they are suppose to create 10 million! I said about 10 million jobs are needed yearly to reduce unemployment in d country to d barest minimum...beside jobs creation is not d job of FG alone its a combination of private sector and the govt at every level...govt are not even meant to create jobs...they are suppose to create the enabling environment and a vibrant private sector will spring up and create those jobs...govt gave dangote enabling environment and he is churning out jobs like mad!!!

[img]http://www.50centloseweight.com[/img]I like this.

Where are the jobs and who are the beneficiaries? We are wiser and cannot be deceived no longer.

May God punish all liars.

Well,it could be true.btt i wonder y GEJ didnt mention dat while presenting democracy day broadcast or was he not informed or was the statistic not available then? I think one person here got one of the said job.lets see.

I just dey laugh oooooo

Na wah o! Where are the jobs?
I think they created those jobs in their sleep.

This kind of abracadabra is what makes GEJ think he is working. 1.4 million jobs my foot.

So BEAF's job = 1.4million jobs?

1.4million jobs?
some body tell ebere and his ministers to please get out of disney land!

[size=28pt]WHERE ARE THE JOBS?[/size]

Pls does anyone have an idea of how much a fresh graduate earns in the Nigerian Ministry of Foreign Affairs?? Pls very important !