Federal government targets 35 million private sector jobs by 2025
Worried about the unemployment crisis leading to insecurity and high level crime in the country, Transport Minister Alhaji Muazu Sambo assured that the federal government is working diligently to meet the challenge.
He said the federal government had entered into discussions with a new investor who would share the scope of work with the concessionaires, China Civil Engineering Construction Corporation, to facilitate the delivery of the coastal railway from Lagos to Calabar.
He said the project was conceived in 2014 on the basis of 85% financing from the company and 15% matching contributions from Nigeria, adding that the company was unable to provide the financing. required to date.
He lamented that the development had affected the project, however adding that the ministry had identified and entered into talks with another investor based on sharing the scope of work with the franchisees, CCECC.
He said: “The project, as you know, was awarded in 2014 on the basis of 85% funding from overseas facilities and 15% matching funding from Nigeria. In order, the contractor is expected to provide 85% foreign loan while Nigeria will provide 15% counterpart funding.
“Contractor CCECC has unfortunately not been able to provide this 85% financing to date. And this has affected the project. the project and we are in discussions with this company on the basis of sharing the scope of work between them and and the company that franchises it, ie CCECC.
He explained that the transport sector had contributed to the socio-economic needs of Nigerians and promoted the overall sustainable development of the nation, but more would be done to fill the gaping infrastructure gaps.
He assured that “it is expected to generate 21 million full-time jobs and lift 35 million people out of poverty by 2025, while setting the stage for the realization of the government’s commitment to lift 100 million Nigerians. of poverty over the next 10 years”.
He said that the Ministry of Transport has domesticated the implementation of the National Development Plan 2021-2025, through the Transport Sector Medium Term Development Plan (MTDP) 2021-2025 policy document, aimed at accelerating the growth of the transport sector in the country.
The Minister frowned upon unnecessary infighting and bickering between councils and transport sector agencies and called for cooperation hoping that at the end of the retreat staff will have a new mindset to put in implement departmental policies.
“To ensure a harmonious working relationship between the Department and its Agencies on the one hand and the Legislative Arm of Government, which, under the provisions of our Constitution which we have sworn to uphold, must be accorded all due respect and companies at all times within recognized limits,” he warned.