As the Nigerian government looks into ways of diversifying the economy, China is set to help create eighty five million jobs within the electricity sector in Nigeria.
Leader of a team of Economists from China, Professor Justin Lin made this known to State House Correspondents, after holding a meeting with Nigeria’s Acting President, Professor Yemi Osinbajo.
“We are honoured to have the meeting with the Vice President to discuss the industrialization of Nigeria as well as create jobs and improve exports. We very well understand that Nigeria is in a critical moment now and ii is therefore very important to diversify the economy from oil to other sectors in order to fulfill the people’s expectations for prosperity,” he said.
He said the steps being taken would also lead to the creation of 85 million jobs in Nigeria’s power sector.
“There is a window of opportunities here and China is now going to create about 85 million jobs in the power sector and that is possible because of the way China has rapidly grown in the sector and many others,” Professor Lin explained.
Shedding more light on the visit by the team from China, Minister for Trade and Investment, Mr Okechukwu Enelamah said Professor Lin and his team has the wherewithal to assist Nigeria.
“Professor Justin Lin is a former Chief Economist of the World Bank and a University of Chicago trained development Economist. His team has played an important role in advising countries on industrialization. They have worked with countries like Ethiopia and Rwanda and they have agreed to come and work with Nigeria, he said.”
The Minister announced that in line with his diversification programme, President Muhammadu Buhari has approved the establishment of an inter-ministerial initiative that will help the country improve its global standing on the ease of doing business.
The Minister said the team from China would help Nigeria progress in trade and investment.