Former Minister of Labour and Productivity and now Attorney General of the Federation and Minister of Justice, Prince Kayode Adetokunbo has disclosed that the Federal Government has provided the sum of N1.435 trillion for the implementation of the Global Jobs Pact Initiative to help cushion the effects of the current economic crises in Nigeria.
This provision, the minister added, is necessary considering the global jobs crisis which has raised the world’s unemployment index.

Nigeria had last December been nominated by the International Labour Organisation (ILO) to benefit from an integrated assistance package under the Global Jobs Pact (GJP) initiative to fast- track its employment generation bid.
Kayode, speaking at the on-going Ministers Session of the African Regional Labour Administration Center (ARLAC), meeting, in Kariba, Zimbabwe added that the stimulus package is part of government's plan to formulate a roadmap, which would lead to the achievements of a finalised GJP by April 2010.

Represented at the meeting by the Labour Ministry’s Director of Policies, Analysis, Research and Statistic (PARS) Mr. Omoha Laxy Omoha, the minister gave the assurance that unemployment would soon become a thing of the past in Nigeria to ensure better standard of living.

As part of efforts to tackle the crisis, the ministry and the social partners convened a National Employment summit in collaboration with the ILO in April 2009. The summit was organised to meet the challenges of the global economic and financial crisis.”
 “The various interventions are N620 billion banks bail out, N460 billion for food security, N200 billion for Agriculture, N26 billion for road construction, N29 million for NDE to train in 14 trades in six geo-political zones and N1million for cotton and textile garment.”

A statement signed by the Assistant Director, Press of the Labour Ministry, Mr. Samuel Olowokeere  added that  Nigeria is gearing towards actualizing the four strategies objectives of the Decent Work Agenda and thee National Employment Action Plan.

The minister called for assistance from the ILO and ARLAC in the areas of technical support for the implementation of the programme and its monitoring, as well as in the area of training of Labour officers and factory officers.