Nigeria’s Vice President, Prof. Yemi Osinbajo has called for the promotion of youth entrepreneurship by African governments as the solution to the problem of youth unemployment on the continent.
The Vice President made this call while delivering a keynote address at the 2021 edition of the Grand Africa Initiative (GAIN) Youth Summit held virtually recently.
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The Vice President who was represented by Nigeria’s Minister of Youth and Sports, Sunday Dare, said this is the path to economic prosperity and conflict resolution on the African continent.
“It is clear from the experience of Asia, that no country, no continent can fight its way out of unemployment when it comes to the youth, without deliberately towing the part of entrepreneurship.
“Entrepreneurship is critical and you can draw the linkage between entrepreneurship and MSMEs,” he said.
The Executive Director of GAIN, Chinwe Okoli, framed the dire unemployment and limited economic opportunities situation facing African youths as an existential challenge to the continent and potent threat to the global efforts to curb illegal migration.
“From what we see, it is no longer just Africa’s problem. The world has a problem. Urgent attention is required to help reverse the trend and restore hope to the young people in Africa and solving this problem means advancing our collective interest-a prosperous and safer world.
Meanwhile the event attracted over 4,000 participants from 63 countries across the world.