Thursday, 10 October 2019

Nigeria must teach entrepreneurship in every course, says Lagos Deputy Gov

Success Damian:
Deputy Governor of Lagos, Dr Kadri Obafemi Hamzat, has stressed the need for the introduction of entrepreneurship in all disciplines in Nigerian institutions of learning.

Hamzat made the disclosure at the 2019 annual Faculty lecture of the Faculty of Social Sciences, Lagos State University (LASU) at the Campus, in Ojo on Wednesday.

The theme of the Lecture was ‘Addressing the Unemployment Scourge in Nigeria: The Role of Agriculture and Technology.’

He said graduates after spending years in university should be able to create jobs especially now that there is limited job opportunity in the country.

In stressing the gains of agriculture globally, he stated that since 1999, successive governments in Lagos have focused on innovative programs to foster job creation and empower entrepreneurs in the states.

Going further he said “Agriculture contributed 1.053 trillion (5.4%) of the United States GDP in 2017,  7.2% of the GDP of China in 2018, while in Nigeria, it contributed 20.85% which clearly showed the size and status of our economy

“Agriculture also enhances food security, creates jobs in the rural areas, improve foreign exchange earnings and reduces rural-urban migration.”

While stressing the need for investment s in Research and development, as part of solution to address agricultural challenges, he said Lagos has some other measures towards enhancing economic wellbeing of the people, he disclosed “Lagos has the IBILE Micro Finance Bank that makes loans easily accessible for SMEs; the Lagos State Employment Trust Fund also provide loans to SMEs at 5% interest rate spread over four (4) years.”

He added “Babajide Sanwo-Olu’s led administration will build on the successes achieved in these areas and continue to support SMEs to grow the economy of Lagos and create jobs for our rapidly growing population.

“We are ready to create an enabling environment that will elevate the farmer in Ikorodu from a small-scale, one plot farmer to a job creator, from a job creator to an exporter and from an exporter to a global enterprise. 

“We believe we can create enabling environment through provision of vocational training, skill acquisition program, micro-financing, investor funding and start-up capital,” Hamzat stated.

While reiterating Government readiness to complete the first stage of the Imota Rice Mill in Ikorodu, by second quarter of 2020, he said the mill when completed has capacity of 32 metric tons of rice per hour and ability to provide 2.8 million bags of 50-killogram bags per annum, generate over 1500 direct jobs, while 254 000 indirect jobs are expected to be created in the value chain.

Talking about the role of Technology he said, “We understand that Technology is the catalyst that will solve many of the problems that population has put on our state, including unemployment. We intend to harness its potential to achieve our focus and areas of development anchored on the six pillars captured in the acronym T.H.E.M.E.S.”

Hamzat stated that the state has started the metropolitan fibre optic infrastructure project that will build the fibre conduit across the state with the total length of 3000km. “This is to build the digital Lagos , and help citizens from all walks of life realize the benefits of broadband connectivity that will enhance sustainable economic growth, modernize education, health and other services delivery and improve quality of life."







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