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Nigeria: African Development Bank to launch ‘Creating Decent Jobs: Strategies, policies and instruments’ report in Abuja
Who: African Development Bank, Macroeconomics Policy, Forecasting and Research Department
What: Launch of the ‘Creating Decent Jobs: Strategies, policies and instruments’ report
Venue: African Development Bank, Nigeria Country Department, Abuja
When: Monday 28 October 2019
Time: 9.00 am – 12.30 pm
The African Development Bank will launch, in Nigeria, the ‘Creating Decent Jobs: Strategies, policies and instruments’ report on Monday 28 October, 2019 at 9.00 am.
This report brings together some of the world’s leading labour and development economists to provide specific policy recommendations for creating decent jobs in Africa.
Nigeria is the continent’s largest economy, but it has not escaped the burden of vast unemployment. The country’s economy could become more inclusive by generating appropriate skills for its youthful population.
The report notes that manufacturing provides more long-term economic benefits than other activities. It generates economies of scale, encourages industrial and technological upgrading, fosters innovation, and has significant multiplier effects. The report also sheds light on the role of prudent macroeconomic policies and shows how best to use special economic zones, industrial parks, agro-processing zones, skill enhancement zones, and apprenticeship and incubation programmes.
Africa will become the youngest and most populous continent within the next few decades. Its labour force will rise from 620 million in 2013 to nearly 2 billion in 2063. To accommodate its high rate of population growth, it will have to generate between 12 million and 15 million jobs annually.
The presentation of the report will be followed by a panel discussion featuring youth entrepreneurs, academics, development partners, government and private sector representatives.