On the youth…
After an explosive lecture on how to sustain the financial sector at the graduation ceremony of the University of Calabar, on Thursday in Cross River, the Managing Director of the World Bank and Nigeria’s former minister of Finance, Ngozi Okonjo-Iweala yesterday in Lagos set an agenda for achieving Vision 20: 2020 development goals. Nigeria must take the youths out of the street by creating 24 million jobs within the next 10 years.
Okonjo-Iweala said human capital development and growth are critical to any economy and therefore harped on the imperative of the Federal Government creating some 2.4 million jobs yearly from now till 2020 to keep the unemployment gap at half.
The World Bank chief, who was the guest speaker at the Institute of Directors (IOD) 2010 conference with the theme: “Laying The Foundation For Sustainable Economic Growth In Nigeria” said one of the untapped growth drivers in Nigeria are the youth, who are neglected to the nation’s peril.
She said Nigeria’s vast oil resources have been the main engine of growth of the economy for decades, adding that Nigeria’s focus on of the oil sector alone cannot help her to develop rapidly and achieve the 2020 objective of becoming a one of the biggest economies in the world.
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