The Central Bank of Nigeria on Thursday brought to the front burner the issue of youth unemployment in the country as it said 80 per cent of Nigerian youths are without jobs.
This is despite repeated figures released by the National Bureau of Statistics indicating that the Nigerian economy had been creating millions of jobs in the past years.
Only last week, the NBS stated that the economy created about 1.2 million jobs in 2013 fiscal year.
But the Special Assistant on Sustainable Banking, CBN, Dr. Aisha Mahmood, disclosed that unemployment remains a severe threat to Nigeria’s economy.
Mahmood spoke while delivering a paper on Nigerian Sustainable Banking Principle during the 2014 World Environment Day programme organised by the Federal Ministry of Environment in Abuja.
She said, “As the population is growing, the resources that we all depend on, the food, energy, water, is declining. The demand for these resources will rise exponentially by the year 2030, with the world needing about 50 per cent more food, 45 per cent more energy and 30 per cent more water.
“In Nigeria, there is the issue of youth and employment. 70 per cent of the 80 million youths in Nigeria are either unemployed or underemployed. We are all witness to what happened recently during the immigration recruitment exercise and this is simply because 80 per cent of the Nigerian youth are unemployed”.
Mahmood noted that currently Nigeria’s economy is the largest in Africa, adding that the country is using fossil fuel to drive this growth trajectory.
She stated that Nigeria’s economic growth was as a result of its abundant oil reserves, and warned that the flaring of gas from oil may negatively affect citizens in the country if not properly managed.
She said, “Nigeria has been flaring gas since the discovery of oil in the 1950s. We produce and burn about 20 billion cubic meters of gas annually and this is enough to meet our energy need. Remember we said we don’t have electricity, whereas we can provide electricity with this gas that we flare.
“And also when we burn this gas, we produce greenhouse gases that affect our livelihood and the livelihood of people that live around that area”.
The CBN official also decried the high number of persons living below the poverty line in Nigeria as well as the about 120 million persons in the country said to still lack access to electricity.
According to her, the above reasons were some key issues why the financial sector came together to develop and adopt the Nigerian Sustainable Banking Principle.
In her remarks on the occasion, the Minister of Environment, Mrs. Laurentia Mallam, explained that the 2014 WED was targeted at addressing climate change and the impact of sea level rise on the environment.
She said, “In Nigeria, the impacts of climate change are manifested by erosion and landslides in the East, drought and desertification in the North, rising sea levels in the coastal areas and flooding across the nation.
“The transformation agenda of Mr. President in the environment sector is aimed at addressing all forms of land degradation through specialised projects”.
Femi Otedola Reacts To Lekki Tollgate Shooting
Nigerian businessman, Femi Otedola has finally reacted to the shooting that took place at Lekki Tollgate, Lagos on Tuesday.
Information Nigeria recalls men dressed in military wears opened fire on unarmed #EndSARS protesters, who convened at the area.
Otedola took to his Instagram page on Sunday to commiserate with the families of those who lost their lives in the unfortunate incident.
Sharing a photo of the Nigerian flag, he wrote;
“The horrors that have been unfolding in our country have left me filled with sadness. I deeply commiserate with those who have lost their loved ones and as a father, I share the sentiment of my three daughters who protested in Lagos and London. As a young boy of 16, I participated in the ‘Ali Must Go Protest’ of 1978, so I understand the determination of our youths who rightly want our country to be better. We must all do our part to make Nigeria great! I will continue to do my own quota in providing for those who are most in need of support in our country in these tough times .…F.Ote💲”
See his post below:
“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” – Brother Claims
Information Nigeria recalls a graphics designer identified as Oke, was killed hours after tweeting “Nigeria will not kill me” on Wednesday.
It was reported that the young man had passed away after he was hit by a stray bullet.
The deceased’s younger brother, Daniel has come out to clear the air regarding the circumstances leading to his death.
Daniel revealed his brother was stabbed on the neck by thugs who infiltrated and ransacked their home.
In his words;
“Good day, My name is Obi-Enadhuze Daniel younger brother of the now deceased Okechukwu Obi-Enadhuze @O_Okee . I, my brother and mother lived at makinde police barracks, mafoluku, Oshodi, Lagos State.
Today at about 11 o’clock in the morning the police station at makinde was attacked by thugs who wanted to destroy the station, I my mom and brother were holed up in our house.
The attack went on for hours before the thugs eventually breached the police and proceeded to set the station on fire, after accomplishing this they set their sights to the barracks and began the assault, they proceeded to destroy every car in the barracks, my mom’s 2 cars where destroyed and set on fire and then they infiltrated our house by breaking the door they then proceeded to ransack the house and carted away with everything we own.
my brother on trying to get them to take everything but spare us was pushed to my mom’s room and stabbed on the neck, the attacker then proceeded to attack me but missed my neck but got my chin instead, after this my mom and I carried my brothers body to the entrance of the station soliciting for help from the thugs still ravaging the barracks, we were finally able to put him in a wheelbarrow and took him to a hospital where he was rejected because “he was already dead” unfazed we moved him to another hospital where he met the same treatment this was where he bled his last drops of blood and died, his body has now been moved to a morgue
we have lost every single thing we own, as our house was completely ransacked and set on fire the only thing left is my brothers phone and at about 8 o’clock this evening the barracks was still on fire but Okechukwu has paid with the ultimate price
I and my mother are homeless with nothing now but we’re safe for now, we thank everyone that has been able to reach out to us, and were able to share consoling words with us in these trying times, God bless you
While we were holed up in the house the three of us said these words together and we say it again ” THREE OF US ARE HERE, THREE OF US ARE TOGETHER, THREE OF US ARE SAFE”
Let it be known that my brother @O_Okee was NOT killed by a police bullet but died a hero protecting my mother and I.
If you see this please retweet, let the world know how Okechukwu died. He was NOT killed by a police bullet but thugs in his home!”
See his post below:
Youths Burn Down Sanwo-Olu’s Mother’s House In Lagos (VIDEO)
Lagos youths have set the family house of Governor Babajide Sanwo-Olu on fire.
This was after the Governor said that no nobody was killed during the shooting by soldiers at Lekki Toll Gate on Tuesday night.
Sanwo-Olu had debunked claims that the soldiers opened fire and killed some peaceful protesters.
Recall that men of the Nigerian Army reportedly opened fire on protesters following the declaration of 24 hours curfew by the Lagos State Governor, Babajide Sanwolu.
Bullets fired by security operatives hit some persons and at least two persons have been confirmed killed by the police and many injured
Voices in viral footage blamed the shootings on soldiers.
However, the angry youth attacked several important places such as Nigeria Port Authority, TVC News, and the family house of the Governor where his mother resides.
After Governor @jidesanwoolu said the "soldiers shot in the air to disperse the peaceful protesters." And thar their's no fatalities
Lagos youths set Governor's Mother's House on FIRE!! #PRAYFORNIGERIA#EndSARS #Lekkitollgate #LekkiGenocide #EndPoliceBrutalityinNigeraNOW pic.twitter.com/QaOvSHwXdk
— Nwachukwu John Owen (@johnowen99) October 21, 2020
- Entertainment20 hours ago
‘It’s Really Sad That Fashola Is Part Of The Pantomime’ – OAP Toolz Reacts To Camera Found At Tollgate
- Entertainment24 hours ago
#EndSARS: “I Swear On My Life, Our Fallen Soldiers Must Get Justice” – Rapper Falz (Video)
- Lifestyle23 hours ago
Actress Osas Ighodaro Celebrates Her 30th Birthday With Emotional Post
- National News5 hours ago
‘You Cannot Gag The Press’ -Fani-Kayode Reacts To NBC Fine On Media Houses
- National News24 hours ago
No State Hoarded COVID-19 Palliatives, NGF Insists
- News Feed12 hours ago
Nigerian Lawyer, Adegboruwa reacts to Fashola’s ‘discovery’ of camera at Lekki tollgate
- National News24 hours ago
NASS Will Secure Justice For Police Brutality Victims, Ensure Five-Point Demands Are Implemented – Lawan
- Entertainment22 hours ago
Regina Daniels Shares Stunning Photos On Instagram