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80% Nigerian Youth Unemployed – CBN …As New CBN Gov Unfolds 10-Point Agenda

Permanent Secretary Establishment, Rivers State, Asoelu Gayamos representing Head of Service, Rivers State (right) presenting sourvenire to retired NUJ member, Mr Jemina Amachree (left) during the NUJ Tide chapel send-forth of its retired members/seminar on Life Before & After Retirement in the board room of Rivers State Newspaper Corporation, last Wednesday. Pix: Egberi .A. Sampson
The Central Bank of Nigeria (CBN) yesterday said 80 per cent of Nigerian youths are still unemployed.
This is despite repeated figures released by the National Bureau of Statistics (NBS) stating that the Nigerian economy had been creating millions of jobs in the past years.
Only last week, the NBS announced that the economy created about 1.2 million jobs in 2013 fiscal year.
But the Special Assistant on Sustainable Banking, CBN, Dr. Aisha Mahmood, disclosed that unemployment was still a severe threat to Nigeria’s economy.
Mahmood spoke while delivering a paper on Nigerian Sustainable Banking Principle during the 2014 World Environment Day programme organised by the Federal Ministry of Environment in Abuja.
She said, “As the population is growing, the resources that we all depend on, the food, energy, water, is declining. The demand for these resources will rise exponentially by the year 2030, with the world needing about 50 per cent more food, 45 per cent more energy and 30 per cent more water.
“In Nigeria, there is the issue of youth and employment. 70 per cent of the 80 million youths in Nigeria are either unemployed or underemployed. We are all witnesses to what happened recently during the immigration recruitment exercise and this is simply because 80 per cent of the Nigerian youth are unemployed,” she added.
Mahmood noted that currently Nigeria’s economy is the largest in Africa, adding that the country is using fossil fuel to achieve this growth trajectory.
She stated that Nigeria’s economic growth was as a result of its abundant oil reserves, and warned that the flaring of gas from oil may negatively affect citizens in the country if not properly managed.
She said, “Nigeria has been flaring gas since the discovery of oil in the 1950s. We produce and burn about 20 billion cubic meters of gas annually and this is enough to meet our energy need. Remember we said we don’t have electricity, whereas we can provide electricity with this gas that we flare. And also when we burn this gas, we produce green house gases that affect our livelihood and the livelihood of people that live around that area.”
The CBN special assistant also lamented the high number of persons living below the poverty line in Nigeria as well as the about 120 million persons in the country that still lack access to electricity.
According to her, the above reasons were some key issues why the financial sector came together to develop and adopt the Nigerian Sustainable Banking Principle.
In her remarks, the Minister of Environment, Mrs. Laurentia Mallam, explained that the 2014 WED was targeted to address climate change and the impact of sea level rise on the environment.
She said, “In Nigeria, the impacts of climate change are manifested by erosion and landslides in the East, drought and desertification in the North, rising sea levels in the coastal areas and flooding across the nation. The transformation agenda of Mr. President in the environment sector is aimed at addressing all forms of land degradation through specialized projects.”
Meanwhile, two days after assumption of office, the new Governor of the Central Bank of Nigeria (CBN), Mr. Godwin I. Emefiele, has kept his promise to unfold his agenda, yesterday.
Addressing a world press conference at CBN Headquarters in Abuja, Emefiele promised that his administration would create a People-Centered Central Bank and ensure financial system stability.
He equally promised to maintain exchange rate stability and macro-economic stability. On monetary policy, Governor Emefiele said: “We shall pursue a gradual reduction in interest rates.”
Emiefele promised to pursue a gradual reduction in key interest rates, include the unemployment rate in monetary policy decisions; maintain exchange rate stability and aggressively shore up foreign exchange reserves.
The CBN governor also pledged to strengthen risk-based supervision mechanism of Nigerian banks to ensure overall health and banking system stability; and build sector-specific expertise in banking supervision to reflect loan concentration of the banking industry.
He observed inadequate trigger thresholds from a macro-prudential perspective, and said he would consider and announce measures to effectively address this anomaly.
Emiefele further said he would abolish fees associated with limits on deposits and reconsider ongoing practice in which all fees associated with limits on withdrawals accrue to banks alone; and introduce a broad spectrum of financial instruments to boost specific enterprise areas in agriculture, manufacturing, health, and oil and gas.
According to him, the CBN under his watch would establish Secured Transaction and National Collateral Registry as well as establish a National Credit Scoring System that would improve access to information on borrowers, assist lenders to make good credit decisions; and build resilient financial infrastructure that serves the needs of the lower end of the market, especially those without collateral.
He added that the CBN would renew vigorous advocacy for the creation of commercial courts for quick adjudications on loan and related offences.
Emiefele appealed to Nigerians to cooperate with the CBN in its bid to ensure a better economic prospect for the country, saying: “We must, by now, have been tired of hearing people talk about the ‘potentials’ of Nigeria. Now is the time to live that dream. I truly believe that working together, we can achieve our goals and give Nigerians the chance to live longer, better and more fulfilled lives.”
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CAN President Tasks Christians On Unity
Against the backdrop of rising economic challenges and global uncertainties, the President of the Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, has called for calm, unity, and responsible leadership as Christians across the country mark Palm Sunday, yesterday.
In a statement released yesterday, Okoh reflected on the significance of Palm Sunday, saying that it is a moment that symbolises peace, humility, and hope, even in times of tension and uncertainty.
He further explained that Jesus entered Jerusalem with calm resolve, not as a display of force, but with a message of peace and purpose.
The CAN President noted, “The message of the Christian observance is particularly relevant as many Nigerians grapple with economic hardship, including rising cost of living, increasing fuel prices, and escalating food costs.”
He attributed part of the economic pressure to global developments, especially geopolitical tensions involving Iran, Israel, and the United States that are already impacting energy markets and, by extension, everyday life in Nigeria.
He stressed that across the country, families are feeling the weight of these times, with transport costs rising, food prices climbing, and daily life becoming more difficult.
He stated that Nigerians are primarily concerned with survival and stability, appealing to leaders at all levels to be mindful of the tone and impact of their words and actions.
According to him, when life feels uncertain, people need reassurance, they need stability and the confidence that those in authority understand their struggles. He stressed that the lessons of Palm Sunday should guide leadership, as true leadership is defined not by force or rhetoric, but by empathy, restraint, and a commitment to the common good.
He stressed that it is a time for decisions that ease burdens, calm anxieties, and bring people together, and called on the Church and Nigerians of all faiths to embrace their responsibility in promoting peace and unity.
He said Palm Sunday serves as a reminder of a time when people from diverse backgrounds came together in shared hope and purpose, pointing out that the same spirit is needed now to stand for peace, strengthen unity, and support one another, especially in a season that could easily tilt towards tension.
Okoh encouraged young Nigerians and those most affected by the current economic realities not to lose hope, acknowledging that while the challenges are real, they are not insurmountable.
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Acting Provost Dismisses Alleged Missing Equipment Claims At Rivers Health College
The Acting Provost of the Rivers State College of Health Science and Management Technology, Dr. (Mrs.) Peace Chigozirim Amadi has refuted claims circulating in the media suggesting that laboratory equipment went missing from the college.
In a recent statement, Dr. Amadi described the reports—particularly those attributed to certain publications—as false and misleading. She emphasized that all laboratory equipment at the college remain intact.
“I am here to set the record straight. No laboratory equipment disappeared from my college. Nothing is missing,” Dr. Amadi said, challenging anyone with contrary claims to provide evidence, including the names of the equipment and their supposed locations.
She further noted that the college recently underwent an accreditation exercise, during which significant investments were made in laboratory equipment. According to Dr. Amadi, these items are fully accounted for, and the college maintains a robust security system to protect its assets.
“Everything is intact. Nothing disappeared. The information being circulated is false and should be discarded,” she reiterated.
Beyond addressing the allegations, Dr. Amadi also called on media practitioners to exercise professionalism and verify stories before publication. “I want to plead with journalists to always verify their stories. Junk journalism does not help anyone. No matter the information you receive, it is important to hear the other side before publishing,” she said.
While social media posts have occasionally raised concerns about various issues in the region’s health education sector, including extortion and examination malpractice at related institutions, there is no independent evidence from credible news sources confirming that equipment went missing from Rivers State College of Health Science and Management Technology.
The college, a public tertiary institution based in Port Harcourt, Rivers State, is accredited to offer a variety of health-related programs, including Nursing, Midwifery, Laboratory Technology, and Environmental Health. It has consistently emphasised integrity, safety, and transparency in its operations.
Dr. Amadi’s statement seeks to reassure the public, students, and stakeholders that the college remains secure, well-managed, and free from the alleged equipment losses, while urging journalists to prioritise accuracy in reporting.
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Hausa Leader Lauds Fubara For Sustaining Peace, Security In Rivers
The Chairman of the Arewa Traditional Council of Chiefs in Rivers State, Alhaji Hussaini Isa Madaki, has commended Governor Siminalayi Fubara of Rivers State for his efforts in sustaining peace and security of lives and property across the state.
Madaki, who is also the Sarkin Hausawa in Rivers State, described the governor as a leader who has embraced the Hausa community as part of the larger family in the state.
Speaking with journalists at his office in Port Harcourt during the 2026 Eid al-Fitr celebration, Madaki noted that Governor Fubara has demonstrated fairness and inclusiveness by not segregating any ethnic group, particularly the Hausa community.
He added that the governor’s peaceful disposition has positioned Rivers State as one of the most accommodating and peaceful states in the country.
Madaki further assured that the Hausa community would continue to give maximum support to the Fubara-led administration until the end of its tenure.
He also urged members of the community to remain peaceful and law-abiding as they go about their lawful activities.
On community development, Madaki disclosed that district and ward heads have been appointed and crowned across Hausa settlements in the State to ensure proper coordination and profiling of residents. According to him, the initiative is aimed at strengthening security, enhancing identification, and improving crisis management at the grassroots level.
He explained that the move became necessary due to recurring security concerns, including disturbances allegedly caused by some scavengers and cart pushers.
Madaki called on the newly appointed leaders to promote inclusiveness, harmony, and peaceful coexistence in the discharge of their responsibilities.
Those appointed include Alhaji Abubakar as Port Harcourt City District Head; Alhaji Buba Usman (Eleme axis); Malam Adamu (Eagle Island); Alhaji Tanlasuki (Gborokiri Yam Zone); Abdullahi (Rumukwurushi); Adamu Suleiman (Aboloma); and Useni Umaru (D-Line).
He appealed to Governor Fubara to formally recognise the efforts of the Hausa leadership structure in the State and extend further support in the spirit of inclusivity and unity.
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