Nigeria job creation strategy focuses on macroeconomic reform and private sector growth to unlock sustainable employment under the Tinubu administration

Nigeria’s Honourable Minister of Foreign Affairs has said the Nigeria Job Creation Strategy is firmly anchored on macroeconomic reforms and private sector expansion under the Tinubu administration.

Also read: Naira holds steady as economic reforms boost investor confidence

Speaking at the Africa Jobs Engine Panel on the sidelines of the World Economic Forum, the minister explained that the government’s priority is restoring macroeconomic stability while creating clear and investable pathways for private capital to thrive.

He said the Nigeria Job Creation Strategy is underpinned by reforms aimed at removing long standing distortions in the economy.

These include the stabilisation of the foreign exchange regime, the removal of fuel subsidies, and the ongoing restructuring of the power sector to separate generation, transmission, and distribution.

According to the minister, these changes are improving transparency, strengthening confidence, and attracting long term investment into energy intensive and job rich sectors of the economy.

He described the reforms as a decisive shift designed to support sustainable employment growth rather than short term fixes.

The minister also disclosed that comprehensive tax reforms are being implemented to improve efficiency, enhance predictability, and boost Nigeria’s competitiveness as a business destination.

He said a stable and transparent tax environment is critical to the success of the Nigeria Job Creation Strategy.

Referencing Nigeria’s hosting of the West Africa Economic Summit, he noted that the initiative was created to close information gaps by equipping private sector players with practical knowledge of regional frameworks and opportunities, including the West African Power Pool and related regulatory instruments.

He stressed that while government is responsible for providing stable and enabling conditions, the private sector remains the primary engine of job creation.

In this context, he pointed to the rise of local production ecosystems that are converting raw materials into finished goods, supported by stronger linkages between labour, finance, and markets.

The minister said these developments are already delivering tangible benefits, particularly for women and young people, as new value chains expand across manufacturing, energy, and services.

He cautioned that the African Continental Free Trade Area must remain focused on its core mandate of economic integration.

Deepening intra African trade, industrial linkages, and value chains, he said, is essential for sustaining long term growth and employment across the continent.

Also read: NUPRC chief Oritsemeyiwa Eyesan unveils bold reforms to boost Nigeria oil output

He concluded by reaffirming Nigeria’s commitment to reforms that unlock private capital, strengthen investor confidence, and position the economy as a powerful platform for inclusive growth and job creation in Africa.