Tinubu Urges Creation of 27M Jobs to Avert Labor Crisis

President Bola Tinubu highlighted at the Economic Summit Group that Nigeria needs to create 27 million jobs to prevent a labor crisis. The administration established a N200 billion intervention fund to support MSMEs and manufacturers to boost competitiveness and address structural challenges.

The Nigerian Economic Summit Group (NESG) launched a report calling for a national agenda to tackle unemployment and raise productivity, projecting a rise in Nigeria's population to 168 million by 2030. This report emphasizes the need for sustainable economic transformation through job creation and increased productivity.

Tinubu stressed the importance of bold economic reforms to achieve these goals.