Inclusive Business: An Innovative Policy Choice for Stimulating Job Creation

Nigeria Political Economy

Policy making in Nigeria is typically dominated by the political imperatives of “palliatives” and “quick fixes”. Without palliatives the people rapidly lose interest, lose hope and turn against their political heroes. Without quick fixes, the opposition finds it easy to attack the performance of a new government and shake the faith of the electorate leading to the same result – the people turning against their heroes. So what should governments do when interested in stimulating job creation to pull masses of their citizens out of poverty? On March 28, 2015, the people of Nigeria chose “change” and one of the key gains they now have is the right to demand fulfillment of the APC campaign promise to create 5 million new jobs by 2019. According to the APC, “as at 1999, Nigeria’s rate of unemployment stood at about 8%, today it is estimated from official statistics to be close to…

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