Fidelity bank banner Bayelsa State banner
Nigeria needs more Dangotes: CBN Governor •Urges youths to emulate his entrepreneurial spirit

By News Express on 04/07/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,374


Central Bank Governor, Godwin Emefele, has enjoined Nigerian youths to emulate the entrepreneurial spirit of Nigeria’s foremost industrialist, Alhaji Aliko Dangote, saying that the country needs more of him.

He said that the Federal Government appreciates Dangote’s exceptional business investments dotting the entire African continent and exemplary humanitarian efforts. The apex bank boss noted that the government would continue to provide the enabling environment that will give room for the emergence of more Dangotes

Emefiele spoke during the disbursement of funds to selected qualified youths to mark the commencement of CBN’s Youth Entrepreneurship Development Programme (YEDP).

The programme was instituted to promote capacity building and funding for Nigerian youths to empower them to be entrepreneurs rather than seeking white collar jobs.

The CBN Governor acknowledged the role Dangote and his many companies have been playing in the employment of labour in Nigeria and Africa as whole. He urged the youths to equally seek to fulfil their dreams and not just become entrepreneurs, but also employers of labour.

Emefiele lamented that Nigeria spends millions of dollars on importation of foods and other needless items. He pointed out that the developed countries of the world are strong economically because they produce and export more than they import thus giving them the desired trade balance.

The CBN Governor said this is also the thought line of the Muhammadu Buhari administration, which is bent on pursuing the task of industrialising Nigeria through the exploitation of the nation’s vast mineral resources which have long been neglected.

He told the beneficiaries that the youth entrepreneurs are part of the CBN programme of creating a million jobs in the next four years.

Said Emefiele: “Youth entrepreneurs have been hindered in the past by lack of capacity and access to funding.

“It is thus a matter of urgency to roll out the YEDP. Our youths are full of ideas and we want to empower them to make the dreams realities. We want to nurture your dreams, not only to be entrepreneurs but also to become employers of labour.

“We want to raise many Dangotes from among our youth entrepreneurs. We want our youths to build conglomerates and giant companies that can employ millions of Nigerians and produce goods for nor only local consumption but also for export.”

News Express recalls that Dangote recently indicated that his new $12 billion three-in-one refinery, petrochemical and fertiliser plants currently under construction in Lagos would create a minimum of 235,000 new jobs, directly and indirectly, as they become operational in the first quarter of 2019.

Dangote said the refinery would have a capacity to refine 650,000 barrels of crude oil a day, while the Petrochemical Plant will produce 750,000 metric tonnes per year (MTPY) of Polypropylene, and the Fertiliser Plant will produce 2.8 million metric tonnes per annum (mmtpa) of Urea and Ammonia

Dangote said gas from the Gas Pipeline Project can supply fuel to Central Power Plants to generate electricity for households and Nigeria will save over $7.5 billion for Nigeria annually through import substitution. 

•Photo shows CBN Governor Emefele.

Source News Express

Posted 04/07/2016 1:01:07 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
English football clubs raided in fraud probe, several...

52 newly promoted NSCDC officers decorated in Ebonyi...

Khalifa Isiyaku Rabiu: Nigeria has lost a great...

Fraud Probe: Emir of Kano faces possible suspension...

Hajj 2017: Death toll of Nigerian pilgrims rises...

CCC Nigeria wins global PR award in Bulgaria...

Islamic State terrorists claim responsibility for British parliament...

A LOVE LETTER TO MY WIFE ON HER...

Dead bodies litter Bama wells . . ....

Christmas: Tinubu calls for support for Buhari

Professionals and the public interest, by Ngozi Okonjo-Iweala...

FG deploys ambassadors in July

 

Latest News How Wike’s Chief Security Officer led Government House security officials to disrupt Rivers bye-election — APC Alarm bells as job and contract scams hit Niger Delta Nigeria’s democracy in danger: Savannah Centre Osun APC Guber: There was a conspiracy against me — Deputy Speaker, Lasun Third Mainland Bridge to be temporarily shut for 4 days – Lagos Govt 2019: Youths demand waiver, 50 per cent discount on nomination forms Man fights for his life in ICU after phone explodes while charging in bed NAF fighter jets bombard bandits’ hideouts in Zamfara Aregbesola’s free ride: Many stranded as travellers besiege railway terminal PDP wins Taraba's Takum 1 bye-electio NUJ condemns demolition of Ayefele’s radio station by Oyo Govt Ortom seeks global support for Benue IDPs

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (378,910 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (367,327 views) Shameless Genevieve Nnaji exposes breasts in public (297,094 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (242,427 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (223,426 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,533 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (193,143 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (175,304 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,968 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,822 views) Lagos plane crash: Journalist releases victims’ names (153,112 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,382 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,462) Business Verdict (48) Columnists (912) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (640) Global Business Monitor (295) International (2,279) Interview (162) Live Commentary (28) Love Matters (135) News (38,143) Opinion (1,063) Pidgin (11) Politics (6,101) Religion (827) Sports (1,652) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Real Madrid vs Atletico Madrid 2-4 Highlights and Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement