Nigeria At Risk Over Growing Youth Unemployment–Obi

A former governor of Anambra State, Peter Obi, on Tuesday declared that unless urgent steps are taken to reduce the growing rate of youth unemployment in the country, Nigeria and all other African countries would continue to face security challenges.

Obi stated this during a panel discussion at the ongoing African Economic Congress, AEC, in Abuja.

The theme of the maiden congress is: “Building Africa We Want.” According to him, the greatest asset the continent is blessed with is not oil but the high number of young persons.

He advised that young elements in the country must be made productive in order to avoid the consequences which would consume the entire country and continent.

He urged countries of Africa to invest in their youth to ensure accelerated development on the continent.

 Instead of deploying energy on oil, the former governor advised that youth should receive the best attention from African leaders.

According to him, Africa as a continent will not witness meaningful change if it fails to develop its youth.

He advised the African countries to also invest more in Information and Communication Technology, ICT, and science-related areas in order to achieve desirous change on the continent.

He said: “We must also invest more in our Micro, Small and Medium Enterprises, MSMEs to guarantee economic development.

“All the countries in which economies are doing well in the world invest heavily in their MSMEs. For instance, 90 percent of companies in China are MSMEs.”

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