The vice presidential candidate of the Peoples Democratic , Mr Peter Obi, has stated Nigeria misplaced 4 million jobs in a six-month interval, whereas China created 10 million jobs.
Obi, who stated this in his opening speech on the ongoing vice presidential debate in Transcorp Hilton Resort, Abuja, knocked the present administration for failing in counterterrorism, schooling and job creation.
He stated, “On the difficulty of unemployment, which is worsening, we are able to see that thousands and thousands of our youngsters are out of faculty. You possibly can see from a examine that there’s a straight hyperlink between SMEs and rising your financial system, and we’re not supporting our personal SMEs very nicely.
“If you happen to have a look at what China has been capable of do with SMEs, SMEs in China is contributing to 60 per cent of their GDP. And 60 per cent of China’s GDP is 7.2tn (dollars), which is 18 per cent of Nigeria’s GDP.
“China at this time, utilizing the identical SMEs, is guaranteeing 10 million jobs yearly. Half of this yr alone, China has produced 7.2 million jobs, which is over 40 per cent of their goal. Throughout the similar interval, Nigeria misplaced 4 million jobs.”
In response to the previous Anambra State governor, Nigeria must rejig its insurance policies and have a greater concentrate on the way it can create jobs.
He added that so long as Nigeria doesn’t create jobs, with the variety of unemployed youths of their productive age, Nigeria would possibly go into disaster.
Obi stated, “That’s the reason we now have problems with insecurity, instability and all types of issues we’re witnessing at this time. We now dwell in a rustic the place we now have the very best variety of poor folks in any nation — 87 million and rising six per cent each minute.
“Our nation at this time has the very best variety of college youngsters on the planet. Our HDI (human growth index) has dropped from 152 to 157. Our international aggressive index has dropped from 124 to 127.
In response to Obi, with Nigeria unemployment shifting from 24 to 40 per cent, the extra it could possibly put money into schooling, the higher its financial system. He stated the statistics confirmed Nigeria was not investing in schooling.