|
President
Muhammadu Buhari |
*Job creation drops
massively
*Oil & Gas, Cement industries score zero
As President
Muhammadu Buhari begins action on his campaign promises one of the key
promises, job creation, appears to have become further worsened as a high
powered report indicates a sharp drop in that major economic front in the
second quarter 2015 (Q2 2015), covering his first month in office. In the Q2 2015 total
number of jobs created in the economy was just 141,368, a massive 70 per cent
decline from 469,070 jobs created in the economy in the first quarter 2015 and
also 45.5 per cent decline against the position in the corresponding quarter of
2014.
Two
of Buhari’s key campaign promises were anti-corruption and job creation which
earned him massive voter supports that pull the victory at the pools in March
2015 presidential election.
The
President has since inception of his regime on May 29, 2015 embarked on further
measures to stem and stifle corruption especially in the oil sector, but no
visible action has been taken on job creation and general economic framework.