The Namibian government plans to create about 250,000 jobs by 2022 through its 5th National Development Plan (NDP5) set to be launched.
The crafting of NDP5, which will be executed from 2017 to 2022 comes after the 4th National Development Plan (NDP4) ended in March.
Sylvester Mbangu, chief of national development advice at the National Planning Commission, said that the government intends to create at least 50,000 jobs annually through NDP5, mainly for the youth, to address the unemployment rate that currently stands at 43 percent.
A labor force survey statistics by the Namibia Statistics Agency also shows that 30,000 more people in Namibia are jobless since 2014, representing a 6-percent increment.
It is our belief that should we not be able to create 50,000 or more jobs per year, we will not be able to reach our objectives of the five-year implementation period of NDP5. Therefore, this will require efforts from all sides: from government in terms of policies, private sector in terms of investment and targeting sectors that can create employment, said Mbangu.
NDP5 is set to be launched by Namibian President Hage Geingob on Wednesday in Windhoek.
Source: Voice of Nigeria