Stop Depending On The Federal Govt For Survival – Emefiele Charges Youths

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Stop Depending On The Federal Govt For Survival – Emefiele Charges Youths

Alexandra Umeh, ENUGU Nigeria (GVE) – The Governor of Central Bank of Nigeria CBN, Mr. Godwin Emefiele, has admonished the graduands of the University of Nigeria, Nsukka, as well as other Nigerian youths, to stop depending on the federal government for livelihood, but to think of how to be resourceful entrepreneurs.

Emefiele, who gave this advice on Thursday, 30 November, while delivering the 47th Convocation Lecture of the University of Nigeria Nsukka, Enugu State, told the youths also that the world was becoming a global competitive space.

He said that the agenda of entrepreneurial development was to nurture a cream of innovative and wealth creating men and women who are set to become pacesetters and ‘next-big-thing’ in the present globally competitive space.

Speaking on the topic “A mind set for Succeeding in Today’s Nigeria”, the CBN boss pointed that Nigeria has a great land of limitless opportunities for anyone who wishes to become wealthy, regardless of the hues, cries and complaints of lack of job opportunities in Nigeria.

He therefore urged Nigerian graduates to change their mentality about labour market, noting: “You just have to go out there and find it.

“The renowned entrepreneurs and innovators did not wait for their government to give them jobs, they created jobs for the economy. It may surprise you to note that some of the wealthiest persons on earth are entrepreneurs who began with modest start-ups.”

He noted that the CNB has formulated some policies and programmes as intervention to those ready to delve into the entrepreneurial word as a means of curbing unemployment in the country.

“At this juncture, I suspect that many of you may cite the absence of start-up capital as a key constraint to entrepreneurship in Nigeria. As part of the efforts to address the challenges of unemployment, promote entrepreneur spirit in among Nigerian youths and enhance the spread of small and medium enterprises, the Central Bank of Nigeria (CBN) has designed and formulated a number of policies and programmes for direct real sector intervention,” he added.


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