By Abuja, Nigeria
Nigeria’s Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar has outlined the country’s job-creation strategy, emphasising that sustainable employment growth is being driven by far-reaching macroeconomic reforms under the Bola Tinubu Administration.
Speaking at the Africa Jobs Engine Panel on the margins of the World Economic Forum, the Minister explained that Nigeria’s approach is focused on restoring macroeconomic stability and creating clear, investable pathways for the private sector.
According to a statement issued today in Abuja by the Special Assistant to the Minister on Media, Alkasim Abdulkadir, the Minister highlighted recent reforms, including the stabilisation of the foreign exchange regime, the removal of fuel subsidies, and ongoing power-sector restructuring that separates generation, transmission, and distribution.
According to the Minister, these measures are designed to improve transparency, reduce distortions, and attract long-term private investment, particularly in energy-intensive and job-rich sectors.
Referencing Nigeria’s hosting of the West Africa Economic Summit (WAES), he stated that, “the summit was conceived to bridge information gaps by equipping the private sector across the region with practical knowledge of regional frameworks and opportunities, including the West African Power Pool and other enabling regulatory instruments.”
He stressed that while government’s responsibility is to provide stable and enabling conditions, the private sector remains the primary engine of job creation. In this context, the Minister pointed to the emergence of local production ecosystems that are increasingly converting raw materials into finished goods, supported by stronger linkages between labour, finance, and markets. These developments, he noted, are already expanding opportunities for women and young people.
The Honourable Minister further cautioned that the African Continental Free Trade Area should remain firmly focused on its core mandate of economic integration. He underscored that deepening intra-African trade, industrial linkages, and value chains is essential to sustaining long-term growth and employment across the continent.
He further reaffirmed Nigeria’s commitment to reforms that strengthen confidence, unlock private capital, and position the economy as a platform for inclusive growth and job creation in Africa.
