Business
Experts Urge FG To Empower Youths
A group of financial experts have advised the Federal Government to empower youths to enable them to discover their full economic potential.
They told newsmen in separate interviews in Lagos that such a step would reduce the level of poverty in the country.
The experts expressed the opinion that government needed to move fast in providing facilities to encourage the acquisition of entrepreneurial skills.
The immediate past President, Finance Houses Association of Nigeria, Mr Eddie Osarenkhoe, said that the youth must be re-orientated in line with current trends in the country.
Osarenkhoe urged the Federal Government to provide capacity building programmes for them, adding that there should be training centres where youths could acquire specialised skills.
He said that appropriate infrastructure should be put in place to support government policies so that people would have the right environment to do business.
“Insecurity poses a major challenge to business environments, so government needs to provide adequate security for the safety of lives and property in the interest of economic activities.”
Mr Akin Ojo, the Deputy Manager, Federal Inland Revenues Services (FIRS), recalled that youth empowerment had been a major challenge facing the nation.
Ojo said “crimes such as kidnapping, armed robbery and terrorism are due to idleness of a good number of youths”.
The manager observed that poor implementation of government policies and corruption had impacted negatively on the economy.
He appealed to the government to ensure effective and efficient implementation of its policies to enable the people to create jobs for themselves.
A Senior Lecturer, Department of Economics of the University of Lagos, Dr Kazeem Bello, told said that government needed to create an enabling environment for small and medium enterprise to thrive.
“There is the need to fast track an enabling environment so that industries can have a meaningful development that will lead to efficient utilisation of human resources,” Bello said.
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Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
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