Central Bank Governor, Godwin Emefele, has encourage Nigerian Youths to behave the Entrepreneurial knowledge of Nigeria’s foremost industrialist Alhaji Dangote saying Nigerian government waits to have more of him in Nigeria’s industrial space
He said the Federal government has appreciated Dangote’s exceptional business investments dominating the entire African continent and his exemplary humanitarian efforts, pointing out that government would continue to provide the enabling environment that will give room for more Entrepreneur.
Godwin Emefele speaking during the disbursement fund for the youths to mark the commencement of the CBN’s Youth Entrepreneurship Development Programme (YEDP).
The programme was instituted to promote capacity building and funding for Nigerian youths to be Entrepreneurs rather than seeking white colar jobs or Government employment.
He also acknowledged the role Dangote and his versed company has been involved in the employment of labour in Nigeria and Africa as whole.
Mr. Emefele further urged the youths to fulfil their dreams, and not just become entrepreneurs, but also employers of labour, Saying Nigeria has spent Billions of dollars in forex and importation of foods and other needless items.
According to him, 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. And also He lament that the policy of the present government would pursue the task of industrialising Nigeria through the exploitation of the Nations vast mineral resources which has long been neglected.
Mr. Emefiele told the beneficiaries that the youth entrepreneurs where part of the CBN programme of creating 1 million jobs in the next four years.“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 more like Dangotes from among our youth through entrepreneurship. We want our youths to build conglomerates and giant companies that can employ millions of Nigerians and produce goods for not only local consumption but also for export.”
Furthermore, He quoted the business mogul had stated that his new $12 billion three in one project, the refinery, petrochemical and fertilizer plants currently under construction would create a minimum of 235,000 new jobs, both direct and indirect jobs, as it becomes operational in the first quarter of 2019.
Dangote said the refinery would have a capacity to refine 650,000 barrels a day, while assuring that there will be market for the refined products because even in Africa, as only three countries have effective functioning refinery with others importing from abroad.
He disclosed further that the Petrochemical Plant will produce 750,000 metric tonnes per year (MTPY) of Polypropylene, while 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 $7.5billion for Nigeria annually, through import substitution
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