Nigeria To Create Magic 774,000 New Jobs

Nigeria To Create Magic 774,000 New Jobs

During Christmas in a village meeting, just before an annual festival, the chairman of the age grade handling the event challenged people to maintain order to avoid NEMA (National Emergency Management Agency) ever visiting our village. Yes, it is like insurance – the best insurance policy is the one you never filed a claim, because you did not have any problem. So, when you pay that premium, your desire is that things will be fine and that money is forever “lost” during the cover period. That is why I tell people that it is not a bad thing that NEMA has not helped your community. Most times, the reason is simple: your community does not have emergencies! That NEMA is always mobilizing to give people help is not something you should wish for your city, community or village.

That takes me to the news that the Nigerian government wants to create 774,000 jobs by generating 1,000 jobs per local government area. Each recipient will receive N20,000 monthly to carry out public works. As typical in Nigeria, it makes no sense that my local government of Isuikwuato (Abia state) will produce 1,000 people, at parity with Eti-Osa local government (Lagos).

The federal government has unveiled the details of its plan to employ at 1,000 persons from each of the 774 local government areas in the country.

The initiative will start October 1 and each beneficiary will be paid N20,000 monthly to carry out public works, the minister of state for labour and employment, Festus Keyamo, announced Thursday.


The programme starts on the 1st of October, 2020 and we are already tight on schedule.

In the next two weeks we will empanel and empower all the State Selection Committees so they can commence the onerous task of selection of beneficiaries and projects locally.

A website would be developed immediately where information such as composition and contact of the Selection Committees, list of the selected beneficiaries and chosen projects would be displayed for the public.

But that is not the real deal. The deal is that Nigeria wants to borrow FRESH $5.513 billion to help finance the national budget, among others, including those magic jobs!

For the proposed external loan to finance the revised budget, the president listed four lenders. They include:
-International Monetary Fund – $3,400,000,000
-World Bank – $1,500,000,000
-African Development Bank – $500,000,000
-Islamic Development Bank – $113,000,000

For the priority projects for the federal government, the lenders are:

-African Development Bank – $125 million “to strengthen the healthcare system to improve response to COVID-19” and $23 million for “financing smallholder farmers to mitigate food security impact of COVID-19.”

-Islamic Development Bank – $600 million for support of Nigeria’s response to challenges posed by COVID-19.
-African Export-Import Bank – $500 million for provision of critical Medical supplies to combat COVID-19.
-Export-Import Bank of Brazil – €995 million for Green imperative to enhance mechanisation of agriculture and agro-processing in Nigeria.


1. Advance your career with Tekedia Mini-MBA (Sept 13 – Dec 6, 2021): 140 global faculty, online, self-paced, $140 (or N50,000 naira). Click and register here.

2. Click to join Tekedia Capital Syndicate and own a piece of Africa’s finest startups with a minimum of $10,000 investment.

Share this post

One thought on “Nigeria To Create Magic 774,000 New Jobs

  1. Someone should help me ask the federal government what the grand agenda really is? The N20k per head for 774k fictitious jobs from NEMA, is it another form of long-term palliative? Could it be that the plan we have for youths from 22 years and above is to keep bribing them with one code-named palliative of N20k or N30k, from one regime to another, until they turn 40 years, and then we retire them?

    If you are a citizen of Nigeria by birth or association, and you are not alarmed by this sort of bribery at scale, then it’s a catastrophe. We have been doing this nonsense for a while, wasting money, and once the programme runs out of funding, everyone returns to the previous wretched status; we cannot plan a future of a country in this primitive way; it’s a crime of deformation against compatriots. This bandaid welfarism builds no future for young Nigerians, it’s destructive and debasing.

    Festus Keyamo announced this thing, and he’s salivating about it? I think it’s disgraceful. We don’t need to waste all our money trying to feed everyone, and then end up not empowering anyone; Nigeria has intelligent people, this insult is becoming unbearable.

    As for having NEMA in my village, you only send peacekeepers where there is violence.


Post Comment