Presidency tackles World Bank, Says Tinubu Creating Millions of Jobs For Nigerians

The Presidency says that President Bola Tinubu's administration has created millions of jobs through economic reforms and targeted programmes. 

The Presidency spoke against the backdrop of concerns raised by the World Bank over a looming employment crisis in developing countries, including Nigeria.

The World Bank had cautioned that many developing economies, including Nigeria, could face a major jobs shortage as millions of young people prepare to enter the workforce without enough opportunities.

But, reacting to the warning, the President’s Special Adviser on Media and Public Communication, Sunday Dare, said Nigeria was taking the concerns seriously and tackling them through reforms under the Renewed Hope Agenda.

According to Dare, job creation is tied to economic activity, which is why the government was focusing on macroeconomic stability, infrastructure expansion, agriculture, manufacturing, energy development and human capital investment.

He also, highlighted the Renewed Hope Ward Development Programme, which targets productive activities across Nigeria’s 8,812 wards through enterprise hubs, infrastructure upgrades and skills development linked to financing, pointing out that the initiative, was designed to create up to 1,000 jobs per ward, translating to millions of opportunities nationwide.

Dare also further noted that the National Directorate of Employment was expanding vocational training and entrepreneurship programmes to help young Nigerians gain practical skills and transition into productive work.

On financing, he said the Bank of Industry disbursed ₦636bn to over 7,000 enterprises in 2025, enabling businesses to expand operations and retain workers, just as there was ₦200bn MSME Intervention Programme and the Presidential Conditional Grant Scheme, supported 957,400 beneficiaries, funded over 570 startups, and helped create or retain about 1.6 million jobs nationwide.

Dare noted that unemployment figures may fluctuate during reforms but stressed that the Tinubu administration remained committed to building a stable economy where businesses grow and opportunities expand.