ABUJA: Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has said that the Nigeria’s job-creation strategy under the Tinubu administration is anchored on comprehensive macroeconomic reforms aimed at restoring stability and driving private-sector-led growth.
Tuggar made the remarks while speaking at the Africa Jobs Engine Panel on the sidelines of the World Economic Forum, according to a press release signed by Alkasim Abdulkadir, Special Assistant (Media) to the Minister of Foreign Affairs.
The minister explained that the administration’s approach to employment generation prioritises restoring macroeconomic stability and creating clear, investable pathways for the private sector, which he described as the primary engine of sustainable job creation.
He highlighted key reforms already undertaken by the federal government, including stabilising the foreign exchange regime, removing fuel subsidies, and ongoing power-sector restructuring that separates electricity generation, transmission, and distribution.
Tuggar said the reforms aim to improve transparency, reduce market distortions, and attract long-term private investment, particularly in energy-intensive and job-rich sectors of the economy.
The minister also disclosed that comprehensive tax reforms are underway to improve efficiency, enhance predictability, and strengthen Nigeria’s competitiveness as a destination for business and investment.
Referencing Nigeria’s recent hosting of the West Africa Economic Summit (WAES), Tuggar said the initiative was designed to bridge information gaps by equipping private-sector actors across the sub-region with practical knowledge of regional economic frameworks and opportunities.
These include the West African Power Pool and other regulatory instruments that can support cross-border investment and industrial growth.
While reaffirming the government’s role in providing a stable and enabling environment, the minister stressed that the private sector remains central to job creation.
He pointed to the emergence of local production ecosystems increasingly transforming raw materials into finished goods, supported by stronger linkages between labour, finance, and markets.
According to him, these developments are already expanding employment opportunities, particularly for women and young people. Tuggar further cautioned that the African Continental Free Trade Area (AfCFTA) must remain focused on its core mandate of economic integration.
He said deepening intra-African trade, strengthening industrial linkages, and building regional value chains are critical to sustaining long-term growth and employment across the continent.
He concluded by reaffirming Nigeria’s commitment to reforms that strengthen investor confidence, unlock private capital, and position the country’s economy as a platform for inclusive growth and job creation in Africa.
