15 January 2013

Nigeria: Why Economic Growth Is Not Translating to Job in Nigeria - World Bank VP

The economic growth in Nigeria is not translating into job opportunities because it is concentrated on capital-intensive sectors of the economy, World Bank Vice President for Africa, Makhtar Diop, has said.

Mr Diop, who explained this in an interactive session with journalists in Abuja on Tuesday, said there is need for universities in Nigeria to strive in providing students with the skills demanded by the economy to enable Nigerians compete favourably in the labour market.

He said based on his interaction with the policy makers in the country, some of the power plants that will boost economic activities in the country will soon take-off.

Also speaking the World Bank country representative in Nigeria, Marie-Francoise Marie-Nelly, said the Bank now make its development assistance to the country performance-driven so that resource persons will be paid based on service delivery.

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