June 18, 2013

Job Creation In Nigeria: Challenges, Opportunities And The Role Of Micro, Small And Medium Enterpris

This
paper identifies the challenges of job creation in Nigeria and examines
governments approach using the Micro, Small and Medium Enterprises to support
Economic reforms.

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Delivered By:MUHAMMAD NADADA UMAR

Publication Date:December, 2011

Document Size:25pages


The issues of MSME development and job creation are key in the present administration?s economic development efforts. This is one way of delivering the dividends of democracy and thereby stemming the tide of restiveness and insecurity in the nation. In realizing this, the Government has been trying to establish structures to ensure that the business environment is conducive for the private sector to thrive and create jobs. Entrepreneurs/MSMEs must be encouraged to drive the process of job creation as they are known, all over the world, as aggregate generators of employment.




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Nigeria Economic Update (Issue 35)

Recent report in the media highlights that Nigerias GDP has dropped to $296 billion in 2016, in contrast to the $481 billion recorded in 20151 and Nigeria has lost its position as Africas largest economy to South Africa. This conclusion was based on the computation of GDP with current naira-dollar exchange rate. However, while the naira has significantly lost its official value since the adoption of a flexible exchange rate, estimating GDP merely with a single exchange rate figure (rather than its yearly average) cannot be regarded as an appropriate method to conclude on Africas largest economy.