ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home Business

FG invests $9.25 bn in manufacturing sector –Udoma

18th December 2018
in Business
0
OIL
1
SHARES
233
VIEWS
Share on FacebookShare on Twitter

Isaac Anumihe, Abuja

About $9.25 billion investment has been identified in the manufacturing and processing labs and this has the potential of creating over 378,000 jobs.

In the power and gas sector, where over $8.57 billion investment has been made, it is expected that over 7,000 jobs would be created as well.

This was contained in a statement by the Ministry of Budget and National Planning.

The statement also disclosed that through the Economic Recovery Growth Plan (ERGP) initiated about one and half years ago, about $4.7 billion investment has been identified in agriculture and transport focus labs with a potential to create about 129, 000 jobs.

READ ALSO Diamond Bank board approves acquisition by Access Bank

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, whose ministry coordinates implementation of ERGP said the cumulative investment value of the projects that were identified at the focus labs were projected to rise up to about $39.12 billion with potential for 716, 079 jobs by 2025.

“Our aim is, simply put, to raise the level of productivity in Nigeria. We want more things to be grown in Nigeria. We want more things to be made in Nigeria. We want more opportunities created for Nigerians to be able to work. That is what the focus labs are all about.” he said.

This is as the special assistant to the president on media and publicity, Garba Shehu and the statistician-general of the federation,

Yemi Kale have disagreed over methods of tracking job creation and unemployment numbers in Nigeria.
While Shehu has accused Kale of underplaying the jobs created in agriculture, Kale has claimed that lack of funds had frustrated the release of 2018 employment figures.

“Mr. President, who had complained many times about employment figures reflecting mostly white collar jobs and therefore unfairly underplaying the millions of jobs his administration has created in the farms must have felt a sense of vindication.

“The response by the government was, go and put this out, address a world press conference to correct the wrong impression for all to know how well we are doing in creating jobs. We hope there will soon be a date for that press conference.” Shehu said in an interview with Channels TV.

Tags: Garba Shehuudo udomayemi kale
Omotayo Edubi

Omotayo Edubi

Related Posts

MMCC  Escravos seaport industrial project will boost Nigeria’s economy
Business

MMCC Escravos seaport industrial project will boost Nigeria’s economy

25th June 2022
Imo opposition leaders commend Uzodimma’s efforts
Business

Kebbi Customs intercepts smuggled 2, 820 donkey skins worth N48.1m

25th June 2022
35 W/African experts arrive Abuja for exchange rate course 
Business

35 W/African experts arrive Abuja for exchange rate course 

24th June 2022
Next Post
Umunze

FCET Umunze: Provost leads campaign on works ethics

BUHARI

Benue killings: PDP knocks FG, APC for 'refusing' to arrest Miyetti Allah

CUSTOMS

Customs generates N1.1trn revenue, seizes N40bn contraband

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

Persistent fuel crisis: Group writes FCT Police, DSS ahead protest this Tuesday

Tinubu’s VP: APC Youths in Bauchi canvass support for Zulum

Energy: Innovate UK KTN invests £60 million

Nasarawa govt administers 775, 905 Malaria prevention Drugs to  Children

 Group commends Federal Government for pledges to end NTDs

NGO decries sexual immorality among underaged children 

Trending

ATBU Governing Council appoints Acting Registrar
Education Review

ATBU Governing Council appoints Acting Registrar

25th June 2022
0

From Paul Orude, Bauchi The Governing Council of Abubakar Tafawa Balewa University Bauchi has appointed Hajiya Aisha...

Unemployment: German Agency trains 30,000 Nigerian students in entrepreneurial skills

Unemployment: German Agency trains 30,000 Nigerian students in entrepreneurial skills

25th June 2022
House of Reps to meet with NCAA over new ground handling rates

Lalong celebrates Speaker Gbajabiamila at 60

25th June 2022
Association of petroleum dealers raise the alarm over unsafe smuggling of petroleum gas product

Persistent fuel crisis: Group writes FCT Police, DSS ahead protest this Tuesday

25th June 2022
Gov. Zulum approves recruitment of 40 Doctors

Tinubu’s VP: APC Youths in Bauchi canvass support for Zulum

25th June 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • ATBU Governing Council appoints Acting Registrar
  • Unemployment: German Agency trains 30,000 Nigerian students in entrepreneurial skills
  • Lalong celebrates Speaker Gbajabiamila at 60
  • Persistent fuel crisis: Group writes FCT Police, DSS ahead protest this Tuesday
  • Tinubu’s VP: APC Youths in Bauchi canvass support for Zulum
  • Energy: Innovate UK KTN invests £60 million
  • Nasarawa govt administers 775, 905 Malaria prevention Drugs to  Children
  •  Group commends Federal Government for pledges to end NTDs
  • NGO decries sexual immorality among underaged children 
  • Obasa celebrates Sanwo-Olu at 57
  • Sightsavers relaunches its thematic strategy 
  • Watch Your Wallet: How to put the brakes on rising car insurance costs
  • NSCDC trains Katsina Command operatives on peace, conflict resolution
  • Nigerian Army graduates 34 personnel in armament, ammunition training
  • Quick impact projects: Army constructs, presents health centre to Edo community
  • NDLEA seeks sister agencies’ collaboration on drug abuse in Katsina
  • Police honour Constable for returning missing dollars to owner
  • Akeredolu approves Olugbenga Ojo as new Oba of Isinkan
  • Saraki tasks women maritime practitioners on industry devt
  • RULAAC, others in partnership for improved policing system in Nigeria

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....