Professor Urges Federal Government To Engage Youths Creatively

Professor, Federal government, youths, As part of efforts to address the challenges of unemployment and increasing internal insecurity Nigeria‎ is faced with, Professor Oculi has advised the Federal Government to device ways to creatively engage the nation’s youths.

This was according to a Professor of Political Economy from Uganda, Professor Okello Oculi, while delivering a lecture at the Institute of Security Studies in Abuja.

He said the increasing number of youths engaged in road side hawking are potential tools in the hands of aggrieved politicians.

He therefore opined that engaging them more creatively would enhance productive ventures that would further increase the nation’s wealth.

On the sidelines, Mr Oculi advised the Federal Government to aggressively promote the culture of patronizing ‘made in Nigeria’ goods, as a means of reviving the manufacturing sector and also creating massive employment opportunities for Nigerian youths.

Economic Recession

In the face of the current economic recession, the nation has seen an increase in criminal activities over the last couple of months, as a number of youths in the society, have been engaged in various vices as a means of sustaining themselves.

With various experts, political as well as economic leaders, throwing up various suggestions on how to reflate Nigeria’s economy, the nation hopes to overcome the situation in short while.

nigerian economy

In a conference that recently took place in Abuja, a lack of political will, to develop the manufacturing sector of the economy, was one of the major reasons
pointed out for the recession.

Prior to that, many leaders have continuously harped on the need for the government to explore the manufacturing as well as private sectors.

While some have said that the recession may linger over the next couple of years, if the captains of the economic team fail to re-evaluate Nigeria’s economic policies, the IMF on the other hand, predicts that Nigeria could be out of recession by 2017 

This analysis which was contained in the October issue of the World Economic Outlook released by the IMF, gave the government as well as Nigerians a ray of hope while working towards national development.

Economic Recession: Experts Seek Solution To Challenges

Nigeria-NairaEconomic experts are meeting at the National Institute for Policy and Strategic Studies, Kuru in Jos, north central Nigeria to discuss and proffer solutions to the economic recession with a view on the immediate, short and long time recipes.

The three-day think-tank conference is looking at recession to recovery and growth with discussions on policy options for the Nigerian economy with experts from the organised business and the academia as discussants.

Eminent economists, policy analysts, corporate leaders in the banking and financial sector, the academia, civil society as well as captains of industry and parliamentarians are brainstorming on the theme: ‘From Recession to Recovery and Growth: Policy Options for The Nigerian Economy’.

Setting the tone for discussants at the conference, Chairman, Senate Committee On Governmental Affairs and chairman of the occasion, Senator Tijani Kaura, challenged the gathering to come out with practicable solutions that will take the country out of the economic woods and proffer policies that will make the economy to be buoyant again.

A former deputy governor of the Central Bank, Dr Obadiah Mailafia; the Head of Economics Department at the University of Nigeria, Nsukka, Prof. Stella Madueme and the Executive Director of Capital Markets in the Nigerian Stock Exchange, Haruna Jalo-Waziri also gave recommendations on what should be done in revamping the economy.

The experts appealed to the federal government to harmonise and coordinate various agencies and suggestions being proffered in addressing the economic recession in the country including the outcome of the conference that is ongoing.