Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, says the country’s job-creation strategy is anchored on macroeconomic reforms and private-sector-led growth under President Bola Tinubu’s administration.
He made this known while speaking at the Africa Jobs Engine Panel on the sidelines of the World Economic Forum in Davos, Switzerland.
The Minister explained that, “Recent reforms including foreign exchange stabilisation, fuel subsidy removal, power-sector restructuring, and ongoing tax reforms are aimed at restoring macroeconomic stability, improving transparency, and creating clear, investable pathways for long-term private investment, particularly in job-rich and energy-intensive sectors.”
He also highlighted Nigeria’s hosting of the West Africa Economic Summit as part of efforts to equip the private sector with practical knowledge of regional opportunities and frameworks, while stressing that the private sector remains the main driver of employment.
Amb. Tuggar reaffirmed Nigeria’s commitment to reforms that boost confidence, unlock private capital, and promote inclusive growth, while urging that the African Continental Free Trade Area remain focused on deepening economic integration, trade, and value chains across the continent.