The President of the African Development Bank (AfDB), Akinwumi Adesina, has emphasized the need to invest in Nigerian youths, rather than providing them with ₦10,000 freebies. According to Adesina, young people have the skills, knowledge, and entrepreneurial capacity to drive growth and development, but they lack access to funding to turn their ideas into sustainable businesses.
Adesina’s assertion highlights the importance of providing young people with the resources they need to succeed. Rather than relying on handouts or freebies, Adesina believes that investing in human capital and financing youth-led initiatives can help create jobs and drive economic growth.
The AfDB president’s comments come as Nigeria grapples with the challenge of youth unemployment. With many young people struggling to find meaningful employment, Adesina’s call for investment in human capital and entrepreneurship is a welcome development.
To address this issue, the AfDB has launched a $100 million Youth Entrepreneurship Investment Bank to support startup businesses by Nigerian youths. This initiative aims to increase access to finance, support entrepreneurship, and create jobs.
Through this initiative, the AfDB hopes to generate 6.5 million jobs and add $6 billion to Nigeria’s GDP. By investing in young people and providing them with the resources they need to succeed, Adesina believes that Africa can unlock its full potential and achieve continental prosperity.
Believing in young people is crucial to unlocking their potential. By providing them with the resources and support they need, we can empower them to drive growth and development in their communities.
As Nigeria and other African countries continue to grapple with the challenge of youth unemployment, Adesina’s call for investment in human capital and entrepreneurship is a timely reminder of the importance of empowering young people. By working together to provide young people with the resources they need to succeed, we can build a brighter future for Africa.
The AfDB’s Youth Entrepreneurship Initiative is a significant step towards addressing the challenge of youth unemployment and promoting economic growth in Africa. As the continent continues to evolve and grow, initiatives like this will play a critical role in shaping its future.
In conclusion, Adesina’s call for investment in Nigerian youths is a timely reminder of the importance of empowering young people. By providing them with the resources they need to succeed, we can drive growth and development in their communities and build a brighter future for Africa.
