‘Nigeria’s economy in danger as youths shun business, manufacturing’

There is now a big generation gap in Nigeria’s business cycle as many youths have been turning their backs away from engaging in legal business, a business mogul has said. 

Speaking with Daily Trust, Chief Livinus Chukwudi Okwara said continuity of business, manufacturing and trading generally are being threatened in the country because the youths are no longer taking to legal business. 

“There is a big danger facing us in this country. The youths are shunning business, trading and manufacturing. There is this get-rich-quick syndrome that is now affecting the youths; many of them don’t want to work again, and this is very dangerous to the economy,” Okwara said. 

The business mogul who is also a chieftain of the All Progressives Congress (APC) said he had to counsel some youths and caution them against their attitude towards business. 

He said many youths lacked business acumen and plan to take over from the older generation of businessmen. 

He said: “There will soon be a big generation gap in the business environment in this country. Many boys and girls are now in the ‘yahoo-yahoo’ business; they are getting quick money and they think that’s all they can do. No! We should do something to stop them from this and force them to do legal business.”