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Young Nigerian entrepreneurs deserve special fund – Yero

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Tiamiyu Saheed Oluwatosin
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calendar-icon Posted on: 2020-05-20 03:34:07
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Kaduna State Governor, Mukhtar Ramalan Yero has called for establishment of a special fund to provide finance for business models designed by young people in the country.

Speaking at a summit organised by the Nigerian Young Professionals Forum held in New York, United States of America at the weekend, Governor Yero said the future of the country belonged to the youth and that it had become necessary in helping them actualise their dreams.

According to him “The most important asset of young professionals are their ideas, majority of young people have no sufficient assets needed as collateral for loans. This is a major obstacle in exploiting their capabilities in terms of establishing private firms.

“This may require a special approach in providing access to finance that specifically target young professionals seeking to do viable businesses.”

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He tasked young people on need to acquire skills to broaden their chances of gainful employment, adding that “paper qualification alone can no longer sustain our economy; in addition our people must possess some form of skills to sufficiently fit into the requirements of modern economic environment.

“This challenge has aggravated the high rate of unemployment in our country because the economy now requires functional education not just paper qualification.

“Consequently, we must direct our attention to reviewing the present education policy, in order to incubate a younger population with technical expertise to drive the economy. We must de-emphasise paper qualification and concentrate on building expertise in our people.

“It is incontrovertible that no nation has ever grown beyond the physical and intellectual capacity of its workforce. Nigeria cannot afford to lag behind in a World that is on the fast lane of technology advancement.”

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The Governor said with the right investment on functional education and youth empowerment, “the future belongs to Africa and most importantly to Nigeria; we can only seize the opportunity through resilience and commitment of our youths to drive the economy.”

He said it was high time “our elders quit the stage and become shining lights that illuminate our path to greatness.

“All that is needed is to tap into the experiences of our elders by leaning towards them for correction whenever we falter”.


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