A Review of the Nigerian Energy Industry

Nigeria's NIIMP targets 30m jobs, 70% GDP by 2043

17 September 2014, Lagos – The Minister of National Planning Commission, NPC, Dr. Abubakar Sulaiman says the proposed implementation of the newly approved National Integrated Infrastructure Master Plan, NIIMP would generate about 30 million jobs in 30 years across all sectors of the economy.

The Minister disclosed this in Abuja at a briefing on the 2014 summit on partnership for implementation of the National Integrated Infrastructure Master Plan, NIIMP.

The Minister explained that the implementation of the NIIMP will not only deliver quality infrastructure to the country but also create millions of jobs for unemployed Nigerians.

Crowded Oshodi Market,  Lagos-Nigeria- Image by James Marshall2He said an estimated 600,000 additional construction workers will be required to maintain and expand the existing infrastructure in the next five years. He added that about eight million people will be required to operate expanding infrastructure, during the same period.

In the agriculture and mining sectors, Sulaiman said implementation of the NIIMP will create additional 20 million and five million jobs respectively over the next 30 years.

For sustainable implementation of the plan, the Minister said, the document would be sent to the National Assembly as an executive bill for the draft to be translated into a legal framework.

“The NIIMP does not only provide opportunities for deep-pocket infrastructure investors and developer, it also holds promises for all Nigerians. With improved infrastructure services, our economic growth will be accelerated and the standard of living on Nigerians will improve significantly.

“It will create millions of jobs. An estimated 600,000 additional construction workers will be required to maintain and expand existing infrastructure in the next five years. Also, eight million people will be required to operate expanding infrastructure, during the same period, while additional 20 million and five million jobs respectively would be created over the next 30 years from the agriculture and mining sectors,” he stated.

Suleiman also stated that the NIIMP would raise Nigeria’s stock of infrastructure from the current 20-25 per cent of the GDP to at least 70 per cent of GDP by 2043.
*Emmanuel Elebeke – Vanguard

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