
For Nigeria to achieve major breakthrough in poverty afflicting her larger population, it must create wage jobs through macro-fiscal stability, growth, private sector development complemented by building human capital, World Bank opined.
In addition, the bank suggested the entrainment of short-and-medium-run policies to boost productivity in farm and non-farm household enterprises to provide relief.
The bank suggested these recommendations and others as solutions to the monumental economic challenges faced by Africa’s biggest nation which have, push her sizable portion of population to miserable living standards.
At the launch of Nigeria’s latest Development Update report (NDU) on Thursday in Abuja, World Bank lead economist for Nigeria, Mr Alex Sienaert in a slide presentation noted thus: “Short- and medium-run policies to boost productivity in farm and non-farm household enterprises would provide relief while higher-paying jobs are not available and could support some to succeed and grow. Policy initiatives for women and youth can improve the labor market’s poverty-reducing potential”.
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