Employment: Emulate Dangote's Entrepreneurial Spirit- Cbn Gov Tells Nigerian Youths
Central Bank Governor, Godwin Emefele, has enjoined Nigerian Youths to
emulate the entrepreneurial spirit of Nigeria's foremost industrialist
Alhaji Aliko Dangote saying Nigerian government craved to have more of him
in Nigeria’s industrial space
He said the Fedral government appreciates Dangote's exceptional business
investments dotting the entire African continent and exemplary
humanitarian efforts, pointing out the government would continue to
provide the enabling environment that will give room for more of Dangotes
The apex bank boss spoke during the disbursement of funds to the youths to
mark the commencement of the CBN's Youth Entrepreneurship Development
The programme was instituted to promote capacity building and funding for
Nigerian youths to empower them to be entrepreneurs rather than seeking
white colar jobs.
Emefiele acknowledged the role Dangote and his many companies have been
playing in the employment of labour in Nigeria and Africa as whole.
It was against this backdrop that Mr. Emefele further urged the youths to
fulfil their dreams, and not just become entrepreneurs, but also employers
of labour saying Nigeria has spent millions of dollars in forex on
importation of foods and other needless items.
According to him, the developed countries of the world are strong
economically because they produce and export more than they import thus
giving them the desired trade balance.
He said this is also the thought line of the present government and would
pursue the task of industrialising Nigeria throughthe exploitation of the
nation’so vast mineral resources which haversion long been neglected.
Mr. Emefiele told the beneficiaries that the youth entrepreneurs where
part of the CBN programme of creating 1 million jobs in the next four
years. Said he; “Youth entrepreneurs have been hindered in the past by
lack of capacity and access to funding.
“It is thus a matter of urgency to roll out the YEDP. Our youths are full
of ideas and we want to empower them to make the dreams realities. “We
want to nurture your dreams, not only to be entrepreneurs but also to
become employers of labour.
“We want to raise many Dangotes from among our youth entrepreneurs.
We want our youths to build conglomerates and giant companies that can
employ millions of Nigerians and produce goods for nor only local
consumption but also for export.”
It would be recalled that the business mogul had indicated that his new
$12 billion three in one project, the refinery, petrochemical and
fertilizer plants currently under construction would create a minimum of
235,000 new jobs, both direct and indirect jobs, as it becomes operational
in the first quarter of 2019.
Dangote said the refinery would have a capacity to refine 650,000 barrels
a day, while assuring that there will be market for the refined products
because even in Africa, as only three countries have effective functioning
refinery with others importing from abroad.
He disclosed further that the Petrochemical Plant will produce 750,000
metric tonnes per year (MTPY) of Polypropylene, while the Fertiliser Plant
will produce 2.8 million metric tonnes per annum (mmtpa) of Urea and
Dangote said gas from the Gas Pipeline Project can supply fuel to Central
Power Plants to generate electricity for households and Nigeria will save
over $7.5billion for Nigeria annually, through import substitution
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