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

Programme (YEDP).
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

Ammonia
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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