CBN Governor Tasks Youths On Local Production

CBN, Godwin Emefiele, Youths
CBN Governor, Mr Godwin Emefiele

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has appealed to Nigeria youths to channel their energies towards the production of goods and services locally.

Mr Emefiele was speaking on Thursday at a meeting to kick start the pilot phase of the Youths Entrepreneurship Programme in Abuja, Nigeria’s capital.

As over 1,000 members of the National Youth Service Corps (NYSC) are expected to benefit from the scheme, he said the programme would reduce the pressure on the nation’s foreign exchange.

The CBN Governor noted that the the National Bureau of Statistics put the recent unemployment rate in the first quarter of 2016 at 42%.

He expressed optimism that reverse could be the case if more youths gain financing that would help boost their businesses.

The Director General of the NYSC, Brigadier General Sule Kazaure, commended the development.

He explained that the CBN and the NYSC were seeking to address the inability of the young population to access knowledge on finance schemes that could help them develop and grow their businesses.

New NYSC DG Resumes, Tasked On Corps Members’ Welfare

NYSCOutgoing Director-General of the National Youth Service Corps (NYSC), Brigadier-General Johnson Olawunmi, has advised his successor to make corps members’ welfare top on his priority.

Brigadier General Olawunmi, who gave the advice at a hand over ceremony in Abuja also appealed for continuity in the NYSC Entrepreneurship Skills Centre.

He believes the centre and many other initiatives by the new Director-General of the NYSC would help provide better means livelihood for youths willing to serve their fatherland.

The new DG, Brigadier-General Sule Kazaure, was received by officials of the NYSC before he proceeded to the conference room to meet with members of staff of the NYSC and the outgoing Director-General.

Brigadier-General Sule Kazaure, promised to motivate staff in a transparent manner.

Statistics from the National Youth Service Corps (NYSC) shows that over 260,000 youth corps members are deployed for service across the country.

One challenge with the increased deployment is lack of finance. This and other issues have been identified as some of the things the new DG has to resolve in the days ahead.