Nigeria, Oct. 7 -- Nigeria, Africa's most populous country, requires at least an additional 27 million jobs in the formal sector of its economy by 2030 to stem the tide of unemployment as its working-age population expands to 168 million, the Nigerian Economic Summit Group (NESG) has warned.

The group made the revelation in a report titled, "From Hustle to Decent Work: Unlocking Jobs and Productivity for Economic Transformation in Nigeria," launched on Monday at the inaugural session of its 31st edition.

The document made a rallying cry for coordinated reforms to bolster productivity and support private sector growth.

It warned that without urgent action, unemployment and underemployment could double by the end of the decade, trapping ...