The President of the African Development Bank, Akinwumi Adesina, has urged the Federal Government needs to stop its youth empowerment programmes and invest in the youth people of the nation on a sustainable basis.
He said, “Nigeria must create youth-based wealth. We must move away from the so-called youth empowerment programs
“What’s needed to unleash the entrepreneurship of the youth in Nigeria are brand new financial ecosystems that understand, value, promote and provide financial instruments and platforms for nurturing business ventures of the youth at scale.” “These will be new financial institutions, run by young, professional, and highly competent experts and bankers, to develop and deploy new financial products and services for businesses and ventures of young people.
He added, “The best asset of Nigeria is not its natural resources; Nigeria’s best asset is its human capital.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Nigerian Govt Should Remove Fuel Subsidy, Increase Tax Generation - AfDB PresidentThe President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has criticised fuel subsidy regime and the high cost of governance in Nigeria.
Read more »
Fuel subsidy crippling Nigeria's economy - AfDB President advises TinubuAhead of the inauguration of Bola Ahmed Tinubu's administration on Monday, Dr Akinwumi Adesina, the President African Development Bank (AfDB), has said
Read more »
Maijiyagbe: Buhari reacts to death of African first Rotary PresidentPresident Muhammadu Buhari has condoled with Rotary International over the passing of the first and only African President, Jonathan Babatunde Majiyagbe
Read more »
Inauguration of Tinubu, Shettima as Nigeria's president, vice president (LIVE UPDATES)INEC, on 1 March, declared Mr Tinubu, candidate of the ruling APC, as the winner of the 25 February presidential election.
Read more »
There Is No Justification For Poor Power Supply In Nigeria – African Development Bank Charts Course For 'President-Elect' Tinubu | Sahara ReportersThe African Development Bank has stated that there is no justification for the abysmal power situation in Nigeria which is killing the private sector and making the Nigerian industry less competitive. The AfDB President, Dr Akinwumi Adesina, who stated this on Saturday, added that the incoming administration of “President-elect”, Bola Tinubu must increase the tax generation in the country and ensure that multinational companies pay appropriate royalties and taxes.
Read more »
Ensure multinationals pay appropriate taxes, Akinwunmi Adesina advises Tinubu | TheCableAdewumi Adesina, president of African Development Bank, has urged President-elect Bola Tinubu to ensure that multinational companies pay appropriate royalties and taxes
Read more »