Odu'A Investment, Nopii Signs Mou for Msmes Funding


credit: USACE on Flickr

When it comes to creating jobs in Nigeria, President Muhammadu Buhari is known for his attention to detail.

But when it comes to creating jobs in Africa's most populous nation, he's apparently a little short on time.

The Guardian reports that the president has only been in office for two months, but he's already created more than 100,000 jobs through his government's ? la carte job creation programs.

One such program created by the Lagos-based Odua Investment Company aims to create 200,000 jobs in the country's southwest region over the next three years.

"We see economic development as an essential combination between meeting statistics and also achieving social goals, so this partnership is supposed to give us an opportunity to actually have what we call impact investing," the company's CEO tells the Guardian.

"In impact investing you want to go beyond the profit and loss, and go into how much people are getting employed and how sustainable are the developments," he adds.

Buhari's ? la carte job creation programs have been a hot topic in the country, with the Guardian reporting that his administration's efforts to create jobs and diversify the nation's economy have met with resistance from some quarters.

The president's ? la carte job creation efforts have been

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Jim Fruchterman founded the now 24-year-old social enterprise Benetech, a nonprofit tech company that focuses on developing technology for social good. Fruchterman has also launched a new initiative called Bookshare, which is a membership-only crowdsourced  online library for people with disabilities.



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