African Leaders Should Setup Youth’s Investment Banks, Says Adesina
President of the African Development Bank (AfDB), Akinwumi Adesina, has called on African Leaders and Governments to shift from youth’s empowerment to investments.
He made the call at the two-day Tony Elumelu Foundation Forum which held in Abuja.
Mr Adesina added that a special bank which focuses on young people’s asset should be established.
“It is time for African leaders and the Government to shift from youth empowerment to youth investments.
“And in trying to do that, I propose that it is time that we begin to set up Youths entrepreneurship and investments banks, banks where you walk into and they see assets and not liabilities.”
READ ALSO: 2019 Tony Elumelu Entrepreneurship Forum
He added that one key driver to encourage youth’s in business and economic growth, lending should be derisked.
“Where you walk into and they have faith and confidence in young people; who can actually help you to grow your business.
“What does this mean; we have to de-risk lending to businesses of young people.”
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