Politics
Group Tasks S’West Govs On Job Creation
A Pan-Yoruba Socio-Cultural group, Yoruba Professionals Foundation (YPF) has urged the South -West governors to prioritise job creation in the region through support for entrepreneurship, industrialisation and agriculture.
The President of the group, Mr Maxwell Adeyemi Adeleye, gave the advice in a statement issued to newsmen in Lagos at the weekend.
Adeyeleye said that unless they prioritised job creation through knowledge-based entrepreneurship, innovation, industrialisation and agriculture, insecurity would continue to rise in the region.
He warned the governors of the danger of not prioritising youth unemployment, stressing that even budgeting trillions of naira on security agencies including Amotekun, police and the military could not eliminate security challenges.
“The South-West in recent time has experienced unprecedented security challenges at a scale that could pose a great threat to development and foreign direct investments.
“Kidnapping, banditry, armed robbery, internet fraud, drug abuse and more recently, herdsmen attacks are all in the exponential rise. All these are not unrelated to our explosive population growth and escalating youth unemployment.
“Except there are urgent interventions and conscious strategies to engage our growing youth population in the South -West and by extension Nigeria, the nation may be heading towards the rock.
“By 2050, Nigeria is expected to become the third most populated nation in the world according to United Nations data.
“Again, according to the United Nations data, over 69 per cent of our population are below age 35 and unfortunately, the majority of crimes are perpetrated by people who fall between ages 20-35,” he said.
Adeleye said this age group was the most active age in human life, but unfortunately, according to NBS data in the Q2 of 2020, the unemployment rate among young people (15-34years) was 34.9 per cent.
He said this invariably meant that the country had over 63 per cent of the active population not having any tangible employment and over 34 per cent of them completely unemployed.
Adeleye said the government must ensure the environment was conducive for the youths to think about the needs of society and get adequate support in designing solutions for the needs and effectively marketing the solutions.
He said: “The youth are hard-wired with innovative concepts in terms of business and technologies, our generation is risk-taking, adventurous, they are always ready to snatch opportunities.
“These attributes must not be allowed to be wrongly directed as the result will be catastrophic.
“The government in the South-west should as matter of urgency, begin to look at how to empower the youths in creating jobs in green and renewable energy.
“Others are the fashion industry, block chain, smart homes, artificial intelligence, robotics, agro-allied, waste management, food processing, software engineering to mention but a few.
“Failure of which the region should be ready to spend all its budget on building prisons and providing security for the privilege,” he said.
Adeleye said the group would support interested government within the region with manpower in designing appropriate entrepreneurship-focused policy and also in the execution of the designed policies and programmes.
According to him, there is no better time to start acting than now as all hands must be on deck in the region in ensuring the fight against unemployment is won.
He said that if the governors must secure their region, they must encourage the youth to drive the economy.
The Senate yesterday received the 2026-2028 Medium Term Expenditure Framework and Fiscal Strategy Paper from President Bola Tinubu, marking the formal launch of the 2026 federal budget cycle.
In a letter addressed to the upper chamber, Tinubu said the submission complies with statutory requirements and sets out the fiscal parameters that will guide the preparation of the 2026 Appropriation Bill.
He explained that the MTEF/FSP outlines the macroeconomic assumptions, revenue projections, and spending priorities that will shape Nigeria’s fiscal direction over the next three years.
The letter was read during plenary by the Deputy President of the Senate, Senator Barau Jibrin (APC, Kano North), who urged lawmakers to expedite consideration of the document.
“It is with pleasure that I forward the 2026 to 2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper for the kind consideration and approval of the Senate.
“The 2026 to 2028 MTEF and FSP were approved during the Federal Executive Council meeting of December 3, 2025, and the 2026 budget of the Federal Government will be prepared based on the parameters and fiscal assumptions therein,” the President stated.
Last week, the Federal Executive Council approved the fiscal projections, pegging the oil benchmark price at $64.85 per barrel and adopting a budget exchange rate of ?1,512/$1 for 2026—figures expected to significantly shape revenue forecasts and expenditure planning.
After reading the President’s letter, Jibrin referred the document to the Senate Committee on Finance, chaired by Senator Sani Musa (APC, Niger East), with a directive to submit its report by Wednesday, December 17.
The Senate adjourned shortly after to allow committees to commence scrutiny of the fiscal framework and continue the ongoing screening of ambassadorial nominees.
Tinubu’s communication to the Senate came less than 24 hours after he transmitted the same MTEF/FSP documents to the leadership of the House of Representatives.
The letter was read on the House floor by the Deputy Speaker, House of Representatives, Benjamin Kalu, who also urged timely legislative action as required by law.
The MTEF and FSP are statutory instruments mandated by the Fiscal Responsibility Act and serve as the blueprint for Nigeria’s annual budgets.
They outline the government’s fiscal stance, macroeconomic assumptions, revenue frameworks, projected deficits, and sectoral priorities over a three-year period.
The Tide reports that approval by the National Assembly is a prerequisite for the executive to present the Appropriation Bill for the next fiscal year.
In a statement on Saturday, the former Senate Leader stated that the allocation of nominees across states and geopolitical zones falls short of the constitutional requirement for fair representation in the composition of the Federal Government.
The ex-Senate Whip warned that allowing the list to pass could deepen ethnic suspicion at a time when the administration should be consolidating national unity.
He highlighted disparities in the spread of nominees, noting that while some states have three or four slots, others have none. He also cited the inclusion of Senator Adamu Garba Talba from Yobe, who reportedly died in July.
“The entire North-East states have seven nominees in the list. Further checks revealed that the South-West geo-political zone has 15 nominees, while North-West and South-East have 13 and 9, respectively.
“North-Central region has 10 nominees in the list of career and non-career ambassadorial nominee while South-South parades 12 nominees,” Senator Ndume said.
According to him, such imbalances could heighten tensions and undermine Section 14(3) of the Constitution.
“My sincere appeal to President Tinubu is to withdraw this list. At this critical juncture in his administration, he should avoid missteps that could undermine national unity and foster ethnic distrust.
“I know him to be a cosmopolitan leader who is at home with every segment and stakeholder in the country. He should withdraw that list and present a fresh set of nominees that will align with the spirit of the Constitution on the Federal Character Principle,” Senator Ndume added.
He accused the legislators of undermining the sanctity of the legislature and acting as instruments of destabilization.
“The members of the Rivers State House of Assembly have, by their actions since they assumed office, shown that they are political puppets and a clog in the wheels of democratic progress,” Comrade Ememobong stated, adding that “They will go down in history as enemies of democracy and those who made mockery of the legislature.”
“So the easiest way to describe their action is a defection from APC to APC,” he said.
Comrade Ememobong announced that the party would deploy constitutional provisions to reclaim its mandate from those who have “ignobly and surreptitiously” abandoned the platform on which they were elected.
“Consequently, the PDP will take legal steps to activate the provision of the Constitution of the Federal Republic of Nigeria (1999 as amended) to recover the mandate gained under the banner of our party which these people have now switched to another platform,” he said.
He urged party members in Rivers State to remain calm and steadfast.
“We urge all party members in Rivers State to remain faithful and resolute, as efforts are underway to rebuild the party along the path of inclusiveness, fairness and equity,” Comrade Ememobong assured.
