2nd November, 2020
The Minister of Youth and Sports Development, Mr Sunday Dare has appealed to the youth to embrace dialogue in order to move the country forward.
Dare said this on Sunday in Abuja at the maiden edition of the National Youth Day celebration with the theme “Invest in the Youth, Secure Our Future”.
He said that with what the country had0 witnessed in the past three weeks, there could be no better time than now to celebrate the youth and validate their contributions to national economic development.
According to him, the celebration is an opportunity to reflect, take stock and chart a new youth action plan that will tackle headlong the issues that confront our teeming youth population.
“Let me start with a direct reference to the new focus and youth vision of the African Development Bank (AfDB) led by Dr. Akinwumi Adesina.
“That the establishment of Youth Entrepreneurship Investment Banks will help to fully unleash youth potential through technology and entrepreneurship.
“This assertion made in September 2020, first validates the strength of our youth and secondly demands from government and the private sector direct investments in the youth population with a de-risking mentality.
“We will return to dissect this momentarily,” Dare said.
According to him, many of the youth can achieve a lot but for lack of opportunities, education that is not suitable for the jobs available, a huge unemployment popular market occasioned by a struggling and sluggish economy,
Others he said were lack of relevant skills, lack of credit and access to finance for youth enterprises and businesses, low investment from the public and private sector,” he said.
Dare said it was time to change the trajectory to one that was capable of lifting millions of youth out of unemployment, underemployment, frustration with the system, dearth of opportunities and stunted growth.
“The dreams and careers of our youth must receive a new burst of energy and renewed hope so that as a country our future can be secured,”’ he said.
Dare said the theme was apt as it would enable the country to invest more and deliberately in the innovative minds, skills, talents and enterprise of the youth.
He said it would equip them with needed and relevant technical, digital skills and also make them wealth creators, self-starters, employers of labour and leaders in their own right.
“Globally, there is a paradigm shift from merely empowering the youth to directly investing in them,” Dare said.
He said the president, African Development Bank, Dr Akinwumi Adesina challenged governments and the private sector to shift focus from youth empowerment to youth investments.
Dare said that without investments in the youth today, there would be no returns either now or in the future.
“Adesina did not stop there, he wanted the establishment of youth Entrepreneurship and investment banks that can cater for and provide funds for entrepreneurs,” he said.
“A bank you can walk into where they see assets not liabilities, where they have faith and confidence in young people,”. he quoted Adesina as saying.
He said that the country was blessed, and saddled with a bulging youth population that could turn out to be the country’s greatest resource if Nigeria made the right investments and in a timely manner.
Dare said that President Muhammadu Buhari since the inception of his administration had never taken his eyes off the ball when it comes to youth developmental issues.
According to him, the president believes when the youths are given to hard work, they should also be provided with opportunities.
Dare said the government had initiated a slew of multifaceted youth-focused programmes that were cross-cutting.
“Wherever a youth group is found, these programmes target them. Indeed, on July 22, the president and council approved the establishment of the Nigeria Youth Investment Fund, (NYIF).
“It was a culmination of all efforts geared at giving our youth access to funds needed for the enterprise.
“The president, through the NYIF demonstrated that Nigeria was in sync and agreement with the new thinking in youth development and that sees investing in the youth as a condition to unleash their potential,” he said.
According to him, the NYIF has been oversubscribed for the 2020 half-year funding provided for. More than one million applications have been received with more expected to come.
Dare said that with the protests took place across the country, Nigeria was taking measures to change the narrative by investing in youth development.
He said that change has begun and that what was needed was to deepen the youth initiatives and accelerate the onboarding of beneficiaries in a transparent and effectual manner.
Dare said that Nigeria must license a new tribe of youth investment banks with single-digit loans dedicated to our youth.
“Through the NYIF, the Federal Government has set the tone and leading the way,” he said.
Dare said during the celebration 10 winners of the 60-day APP challenge competition and five young innovators in different fields received #12.5 million.
He said that Buhari had faith in the youth and was committed to his meeting the demands of the protesting youth.
Dare said Buhari was convinced that the acts of brutality against the youth and the larger Nigerian population needed to be addressed.
He said that the president had activated all necessary levels of government to deal with the demands of the youth.
“These protests had earned the youth a well-deserved place at the table. So, take your seat in order to continue the progress and reform you have called for.
“From the protest, it is time for the next phase which is dialogue, identify trusted leaders and have them come forward.
“Any movement without leaders becomes rudderless and susceptible to being hijacked by people with agenda inimical to the very reasons behind the protests.
“The youth have a unique opportunity to help write a new chapter in our journey to a more compassionate and benign society and a greater nation.
“Don’t let this historic chance pass through your hands. You deserve this moment, as does the nation we love,” he said.