Former President Olusegun Obasanjo, has called for the adoption of Entrepreneurship as the way out of the economic downturn in the country.
Obasanjo, who was Represented by Mr. Ayodele Aderinwale, the Deputy Chief Coordinator, Obasanjo Presidential Library, made this call yesterday in Ibadan at the maiden graduation ceremony of Central Bank Nigeria Entrepreneurship Development Centre (CBN-EDC).
He stated the need to Embrace Entrepreneurship at this critical time of economic hardship.
Obasanjo told his audience that; "The current international price of crude has negatively affected the livelihoods of our citizenry and from all indications, could experience further decline."
"Jobs are currently being lost in all sectors of the economy, posing a challenge for government to deal with. The Nigerian market is that which thrives on population and economic power.
"We must begin to look inwards by creating value through commercialisation of services and products driven by skills acquired by individuals, who strive to engage in business endeavours," he said.
The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on his own part, asked state governors to provide start up fund for graduates.
Emefiele, represented by his deputy, Hajia Adiza Maina, also urged the youths to be creative.
The CBN-EDC turned out 456 people in various skills like service, agriculture, production, lifestyle, trading and ICT.
Governor Abiola Ajimobi of Oyo State in his speech called for the diversification of the economy, adding that the time is ripe for people to start looking inwards to reduce the current level of unemployment in the country.
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