FG to create 500,000 new jobs under Economic Recovery and Growth Plans

The Federal government says it sees the unlocking of over $22.5billion dollars investments in 164 projects that will create about 500,000 new jobs under the Economic Recovery and Growth Plans- ERGP.

Vice President Yemi Osinbajo while addressing the ” Open Day” meeting of the Focus Labs in Abuja, identified $10.9billion out of the $22.5billion projects as ” most ready projects” to be unlocked soon through private sector initiatives

According to Osinbajo, in six weeks, the Lab has largely achieved what it set out to do which is, to provide a platform for private sector investors to have direct access to regulators, senior government officials, and relevant cabinet ministers in a single location to resolve problems with regulatory or bureaucratic delays inhibiting their businesses.

The ERGP was established to focused on implementation of government ease of doing business supported by the highest level of political will.

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