[size=14pt]Okonjo-Iweala: World Bank to Assist FG on Job Creation[/size]

The World Bank has agreed to partner the Federal Government in its efforts to create more jobs in the economy.

This came after a  meeting between the Finance Minister and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala,   and World Bank President, Mr. Robert Zoellick.





The minister and the World Bank chief  discussed ways by which the Bretton Woods institution would assist Nigeria in boosting job creation, amongst others.

The meeting, sources told THISDAY, was part of  efforts by the Federal Government to make the World Bank and other development  partners to support the transformation agenda of President Goodluck Jonathan.

As part of the deal, the World Bank has agreed to work with the Federal Government to leverage the N50 billion job creation fund by helping to provide a very innovative and interesting competition for youths all over Nigeria.

Also, the World Bank has agreed to assist the country in agriculture and manufacturing- the areas where the Federal Govern-ment has its priorities for job creation.

One striking outcome of the meeting was the resolve of the bank to help attract businesses in China to relocate their manufacturing concerns to Nigeria, among other low-wage competitive countries,  with a view to creating more jobs.

“We have an extensive meeting with President Zoellick of the World Bank and his team and ours focused on the areas where the Nigerian government has its own priorities for  job creation, such as agriculture, manufacturing. We actually talked to him about his recent trip to China where he spoke to the Chinese authorities and some business people in China to relocate some of their manufacturing outfits to low-wage competitive countries.

“This is  because China is becoming a higher production centre now and they are looking  for a  production centre now and they are looking for countries where there are lower wages and Nigeria is a possibility. So we talked about that. If we succeed in doing that, it will lead to about the job creation,” said Okonjo-Iweala who briefed  journalists on the outcome of the meeting.

http://www.thisdayonline.com/

Can't we do without WORLD BANK and other useless international organizations that are only established to serve the interest of the US and other powers. Nigeria have the resources and we should be able to do things on our own without external powers.

hajifaty:

Can't we do without WORLD BANK and other useless international organizations that are only established to serve the interest of the US and other powers. Nigeria have the resources and we should be able to do things on our own without external powers.

please wake up. Its 8am in nigeria!

hajifaty:

Can't we do without WORLD BANK and other useless international organizations that are only established to serve the interest of the US and other powers. Nigeria have the resources and we should be able to do things on our own without external powers.

please wake up. Its 8am in nigeria!

Its not a bad thing to discuss with the world bank but how exactly are jobs in agriculture etc is it from setting up of the businesses themselves or empower entrepreneurship? They had better act fast because you can't have millions on millions of unemployed youth and be sure of security

hajifaty:

Can't we do without WORLD BANK and other useless international organizations that are only established to serve the interest of the US and other powers. Nigeria have the resources and we should be able to do things on our own without external powers.

Nigeria may have the resources but the resources are uncoordinated and mismanaged. There are no accountability and openness in public services. No ready information about government services and their activities.

russellino:

Its not a bad thing to discuss with the world bank but how exactly are jobs in agriculture etc is it from setting up of the businesses themselves or empower entrepreneurship? They had better act fast because you can't have millions on millions of unemployed youth and be sure of security

The world bank can help with coordinating and supervising projects (including Agriculture) to ensure they are completed as desired without cutting corners. The world bank will ensure better delivery in services with accountability and openness. No backyard deals. They can do many more depending on the mandate given to them by our leaders.

Our Minister of Finance seems to be getting clueless by the day. She is posturing to the world bank and trying to show us that at least she is doing some work.

Cmon my friends, let us be serious here for once. How are you going to create jobs and attract investors when your infrastructure is in a dire state and an ever increasing insecurity? How are you going to compete with china in terms of cheap labor and efficiency when they have world class infrastructure to beat? She can only get away with such pandering in Nigeria where majority of the people do not know how the world economy works.

“This is  because China is becoming a higher production centre now and they are looking  for a  production centre now and they are looking for countries where there are lower wages and Nigeria is a possibility. So we talked about that. If we succeed in doing that, it will lead to about the job creation,” said Okonjo-Iweala who briefed  journalists on the outcome of the meeting"



Something is going on here, possible lie as usual. low wages in nigeria compare to china, one should doubt it.
Chinco able engineer work for $150/month, naija unable engineer work for over $500/month.

Let's c how it works,gv her d benefit of doubt;she needs a breather after dt wiki(D)leaks exposee

nakedall:


“This is  because China is becoming a higher production centre now and they are looking  for a  production centre now and they are looking for countries where there are lower wages and Nigeria is a possibility. So we talked about that. If we succeed in doing that, it will lead to about the job creation,” said Okonjo-Iweala who briefed  journalists on the outcome of the meeting"



Something is going on here, possible lie as usual. low wages in nigeria compare to china, one should doubt it.
Chinco able engineer work for $150/month, naija unable engineer work for over $500/month.

Seriously, if you have got no idea about something just shut up!! It's understandable that you can't know it all, masking your ignorance in stooopid display of ridiculing somebody who is in the know and has got far more superior knowledge and genuine facts is a malady of the mind. I am sure you have never worked in any production or manufacturing coy in Nigeria in your life before cos if you have you will understand what the minister meant when she allude to the fact that Nigeria is a low-wage country.
And FYI, there are far more competent Nigerian engineers working in industries than you can ever imagined. Don't just make very dumb statements in your efforts to sound informed only to come across as a bona fide MO'RON.
Do you have any facts or evidence to support your claims that a capable Engineer in China earns $150 monthly or did you just make that up from your lying mouth?? If you have got no clue or the brain power to understand issues, it is better you just learn from people who are more informed, experienced and understand the issues. You don't have to like the woman, just don't shoot down a good idea because you don't understand it or don't like who is bringing it.

Forget the world Bank, they only care about developed countries. We need to stop the corruption in Nigeria and FIX THOSE ROADS. We also need 24 7 power and great ICT bandwidth. Then call centers and factories can come here. They will pay taxes and give people jobs. We need to help ourselves instead of asking for America, Europe or Asia's help.

We ned to put billions in education from age 5 until 18. We need more doctors, scientist, and engineers so we should give people who want to do that FREE UNIVERSITY!! This stuff is not that hard. All the people caught embezzling government funds will go to jail and have ALL ASSETS STRIPPED AND SOLD. The proceeds will go to the government. People steal because they know they won't get caught. Botswana has the highest transparency rate in Africa, we need to be like them then Nigeria can grow by 20% per year.

Job creation isn't that hard, the free trade zones are good starts. But we need to support Nigerians from all over the world. Try and get them to come back and start businesses. We need to make business starting very easy in Nigeria with NO CORRUPTION. People should start businesses in 1 week or less. Also, any company that steals government money should have their license revoked and the government can strip assets from the company.

Iff you steal from your own business then you will suffer in the long-run which will affect jobs. People caught stealing from businesses must go to jail and have ASSETS STRIPPED!!

I wish that I could be the President of Nigeria or a Governor of a state. I don't want money, I just want to make Nigeria a better place.

@Nakedall

Chinco able engineer work for $150/month, naija unable engineer work for over $500/month.

What a misinformed utterance.Even a migrant construction worker in China get up to $400 a month talk less of a qualified Chinese engineer.

um . . . . . . The worldBank is an agency free to work with any group that wants to work with it. What I have a problem with is the issue of our government still believing to date that it's creating of the needed jobs, is the way to go. What happened to plans to have Government step out of the job-creation market, and focusing instead on providing policies, and programs that help nutured and ensure a conduscive business environment for small, large and foreign businesses to take advantage of?

igbo2011:

, Job creation isn't that hard, the free trade zones are good starts. But we need to support Nigerians from all over the world. Try and get them to come back and start businesses. We need to make business starting very easy in Nigeria with NO CORRUPTION,

It is true that job creation is not hard. The major problem we have in Nigeria is the CORRUPTION everywhere you look.

The world bank can help Nigeria eradicate corrupt practices by ensuring that key projects are actually completed. They can also help to review some failures in Nigerian leadership if they will be willing to learn and change for the better.

Nigeria cannot do it without support from abroad. That is the sad truth.

Our brothers and sisters abroad can also help, like Ngozi, but the crime in Nigeria is increasing daily. Kidnapping, for example, is now very enjoyable for many people in Nigeria. Dr Ngozi Okonjo-Iweala and others from abroad are under high security in Nigeria.

How do you expect a professional Nigerian in a good job in the UK or USA or elsewhere to come and face kidnappers and armed robbers without any security?

How many countries have gone to the world bank to assist them on Job creation

Like it has been helping us since independence to create escape route for the looters. Word  Band (don't bother to correct yourself) should go and siddon or sleeppppp.

@ Mr. Why
Are you saying that we have never been seriuos on this forum.
Sorry, may be I misunderstood your intro or may be in my thinking its not the best way to introduce those beautiful points.
However, in my view nothing is wrong with the idea of partnering with world bank, although I wounder how it will workout when a company like Michelin stopped manufacuring tyres in Nigeria in 2007 while they expand their factories in China.
Well, may be after Electric Power stabilization in the nigeria in 20-- ,then we can compete with China in abid to take some factories from China. That is if China decides to go a slumber.

This woman is just another overpaid Uncle Tom. Next she will go to the IMF and tell her how desperate Nigeria need a loan to boost her economy.

The way we worship mediocrity is beyond comprehension.

@beknown
There isn't as much kidnapping in Lagos, they should move there and do business there.  But this is happening in most developing countries.  India Mexico and Brazil have high kidnap rates too.  But if those men who kidnap have jobs hen they are less likely to kidnap.  If we give them free education then they can get a degree and make good money working.  This is why when I do business, I will give scholarships to people so I can help them help theirselves.

THIS WOMAN STILL WORKS FOR AND SERVES THE WORLD BANK.

Nigeria is being sold out to western powers before our eyes.

How long before the IMF move in to deal with us like Greece?

This useless woman has already shown that she cares not for Nigeria - but is more concerned with her dollars.

The world bank getting involved in Nigeria's agriculture will lead to the introduction of all sorts of GM crops and other poisons into our food chain. Once this happens then you get the adverse health effects such as cancers which will benefit the manufacturers of pharmaceuticals.

The world bank seems to feel Nigeria should be used for cheap labour - afterall the cost of labour and the standard of living has risen sharply in China. So why not see if Nigerian's can now be exploited.

God help us all - God help Nigeria - And God help Africa.

Are you saying that we have never been serious on this forum.
Sorry, may be I misunderstood your intro or may be in my thinking its not the best way to introduce those beautiful points.
However, in my view nothing is wrong with the idea of partnering with world bank, although I wounder how it will workout when a company like Michelin stopped manufacturing tyres in Nigeria in 2007 while they expand their factories in China.
Well, may be after Electric Power stabilization in the Nigeria in 20-- ,then we can compete with China in abid to take some factories from China. That is if China decides to go a slumber.

That intro was a figure of speech. Nairalanders has always been serious for the most part. Anyways, you make a good case and recognize that she is living under illusion.

More debt slave corruption.


Proverbs 22:7 The rich rule over the poor, and the borrower is servant/slave to the lender.


Ask yourself, what has the World Bank done for European countries (particularly Greece) on the brink of economic destruction?

Africans selling Africans! Thats new

I thought Okonjo Iweala has something to offer Nigerians. Her algorithm to job creation is very  lame and totally ridiculous. How will you be tackling unemployment problem without first ascertaining the number of unemployed people in the country. As is stands now, our government doesn't even know the actual population of Nigeria let alone the number of unemployed persons. So how can you be talking about job creation in this situation. First, we need a comprehensive national database that will capture every citizen in the country and several other information as it relate to the citizens and the country such as -immigrants, students, nationals, non-nationals, unemployed, employed and the sector were the work, the wage earned by the employed(cos most of the acclaimed employed persons are underemployed), number of dependents, health record, criminal record, number of people enrolled each yr in our school system, expected year of graduation( so that the govt can plan to create job for them  in advance), birth rate and death rate etc. In the absence of actual and realistic figures for these variables, any plan- be it crime control, job creation, vision 2020,etc embarked upon by our govt will just amount to an absolute mirage. God bless Nigeria.

@yelanst
Yes you are very right. People like you need to be in the government. There needs to be a corruption law like in America. We need to kick out all corrupt leaders and have a new generation of people who care about the country.

igbo2011:

@yelanst
Yes you are very right. People like you need to be in the government. There needs to be a corruption law like in America. We need to kick out all corrupt leaders and have a new generation of people who care about the country.

Easier said, than done!

yelanst:

I thought this woman has something to offer Nigerians. Her algorithm to job creation is very  lame and totally ridiculous. How will you be tackling unemployment problem without first ascertaining the number of unemployed people in the country. As is stands now, our government doesn't even know the actual population of Nigeria let alone the number of unemployed persons. So how can you be talking about job creation in this situation. First, we need a comprehensive national database that will capture every citizen in the country and several other information as it relate to the citizens and the country such as -immigrants, students, nationals, non-nationals, unemployed, employed and the sector were the work, the wage earned by the employed(cos most of the acclaimed employed persons are underemployed), number of dependents, health record, criminal record, number of people enrolled each yr in our school system, expected year of graduation( so that the govt can plan to create job for them  in advance), birth rate and death rate etc. In the absence of actual and realistic figures for these variables, any plan- be it crime control, job creation, vision 2020,etc embarked upon by our govt will just amount to an absolute mirage. God bless Nigeria.

Now that you have discredited the woman, how about you offer a midway solution to an internal problem at least in the short and long run. It's true that there's no way to capture how many unemployed Nigeria has, but calling for a "national database" before seeking solution to me is mere mirage. While you cannot estimate how many unemployed Nigerians you have, but you can capture how many are actually employed, you can capture how much investment in the economy will create jobs, etc while you are working on a long term goal (for your national database). Figures aren't not "actual" but often realistic, depending on what variables used in it's computations. I support your "national database" idea, but that is no solution to the problem of unemployment at the moment.

yelanst:

I thought this woman has something to offer Nigerians. Her algorithm to job creation is very  lame and totally ridiculous. How will you be tackling unemployment problem without first ascertaining the number of unemployed people in the country. As is stands now, our government doesn't even know the actual population of Nigeria let alone the number of unemployed persons. So how can you be talking about job creation in this situation. First, we need a comprehensive national database that will capture every citizen in the country and several other information as it relate to the citizens and the country such as -immigrants, students, nationals, non-nationals, unemployed, employed and the sector were the work, the wage earned by the employed(cos most of the acclaimed employed persons are underemployed), number of dependents, health record, criminal record, number of people enrolled each yr in our school system, expected year of graduation( so that the govt can plan to create job for them  in advance), birth rate and death rate etc. In the absence of actual and realistic figures for these variables, any plan- be it crime control, job creation, vision 2020,etc embarked upon by our govt will just amount to an absolute mirage. God bless Nigeria.

And this, My Friends, IS THE MOST SENSIBLE POST I HAVE EVER READ ON NAIRALAND!!!!

actually that information does exist. it is a different matter whether you choose to believe it or not.there is no fool proof way of determining EXACTLY how many people are unemployed. most western nations use the number of people who claim benefits or social security which has its own flaws for example some people are arbitrarily denied these benefits.

while the government can encourage investment it is up to people to be entrepreneurial and create jobs. nigerians are not prepared to invest in the long term
government CANNOT do everything. government should sort out security,power and general infrastructure
for a plethora of reasons that culture of building businesses is limited in nigeria. why is it that indians ,lebanese and chinese are able to come into nigeria and thrive. the main business nigerians know is politics.

I thought this woman has something to offer Nigerians. Her algorithm to job creation is very lame and totally ridiculous. How will you be tackling unemployment problem without first ascertaining the number of unemployed people in the country. As is stands now, our government doesn't even know the actual population of Nigeria let alone the number of unemployed persons. So how can you be talking about job creation in this situation. First, we need a comprehensive national database that will capture every citizen in the country and several other information as it relate to the citizens and the country such as -immigrants, students, nationals, non-nationals, unemployed, employed and the sector were the work, the wage earned by the employed(cos most of the acclaimed employed persons are underemployed), number of dependents, health record, criminal record, number of people enrolled each yr in our school system, expected year of graduation( so that the govt can plan to create job for them in advance), birth rate and death rate etc. In the absence of actual and realistic figures for these variables, any plan- be it crime control, job creation, vision 2020,etc embarked upon by our govt will just amount to an absolute mirage. God bless Nigeria.


my friend update ur data, census on the unemployed has already been carried out. and who told you they don't know the possible number of unemployed in the country, some times some of us talk as if we know far better than those who truely know.

@ phipex and aribisalao
with all due respect sir, such records does not exist in this cave called Nigeria.  Which census are you taking about? 2006? Dont you think that that record is out of date? Moreover i dont think you know what i am taking about. We need a national record for crying out loud and not just a population census. Let us forget this fire brigade approach advocated by some people here. If we must achieve any meaningful development in this country in the longrun, we must start from the scratch. Let us not delude ourselves; the simple fact is that we have not  started.A good start is launching a national record/ database that will capture every activity taking place in this cave called Nigeria- I mean a National Information System. Every other organization- such as the police, immigration, National Population Commision,NDE, military, school system, custom, frsc, ministries, parastatals, private sector, health sector,agencies etc, will also have a sub-database/ record which shall be linked to the national database. The national database should be managed by professional/ planners; in this case the National Planning Commission can do this job if and only if the the commission is not infiltrated by mediocre s. For example, if one is convicted of a crime or sacked from a job as a result of in-propriety   today, that record will be available in the database. As such, the same person cannot come out in 20 yrs time to contest an election or become a minister. The simple truth is that most of the individuals we have in power today were once criminals in the past, but, due to the fact that we do not have any record from where we can conveniently trace there past deeds, they have a field-day today. How do you expect something meaningful to come out from them? T God bless Nigeria.

What is Nigeria's S&P and Moody's credit rating?. A, AA, AAA?. Any idea?