FG, Entrepreneurs Interface to close the unemployment gap in Nigeria

Institute of Professional Industrialists Industrial Policy Council and Management Development Team


The Entrepreneurship Empowerment Summit 2022 has called for improved funding and support for small and medium sized Nigerian entrepreneurs.

This presentation was made on Thursday, September 29 by the Chairman of the Industrial Policy Council of the Institute of Professional Industrialists and Management Development, Mr. Felix Achibiri.

The summit was in collaboration with the Raw Material Research Development Council and the Nigerian Association of Small and Medium Enterprises.

The two-day summit focused on the theme; “Empowering micro, small and medium entrepreneurs through a dedicated cooperative society.”

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Speaking at the summit, Mr. Achibiri, who is also the chairperson of the summit, said there was a need to find sustainable ways to engage young Nigerians keeping in mind the high unemployment rate.

He said, “Today, the unemployment rate in Nigeria stands at around 33.3% while the population is growing at around 2.6% per year. With these realities on the ground, we must continue to find sustainable ways to unlock the potential of our people and our economy.

“Unlocking the potential of the MSME sector in Nigeria is a prerequisite for creating more jobs and a robust non-oil sector.”

Achibiri said the summit seeks to fill these gaps and provide real solutions to prevent the rising unemployment rate in the country.

He, however, called on relevant stakeholders to adopt a partnership to right the wrongs of the continued unemployment rate and accompanying complacency.

Achibiri said, “Recognizing the opportunities in the SME sector and the inherent capacity of our youth, DFC Holdings and our associated companies are focused on maximizing the multiplicity of opportunities in various sectors of the economy. Today, our investments at DFC Holdings are primarily in the direction of financial inclusion, technology and human capital development.

“At DTH Africa, one of our subsidiaries, we incubate disruptive technologies from Africa, and as of last count, the company has about 12 companies under its incubation program. Additionally, our Fintech Inclusion Center leverages technology to bring financial inclusion to people at the bottom of the economic pyramid.

“At Bizpotta, we bridge the skills gap in Nigeria and Africa while providing resources and tools for effective business development and management.

“We have a number of subsidiaries that create opportunities in various sectors with the aim of filling the gaps that we have identified in these sectors.

The summit was attended by Managing Director/CEP Abuja Enterprise Agency (AEA), Shehu Abdulkabir, the special guest of honour, and Emmanuel Atama as the keynote speaker.

Other dignitaries included Professor HD Ibrahim, Managing Director/CEO of the Raw Material Research Development Council, and Pascal Ogechi Harry, Chairman of the Local Organizing Committee.

The event included the induction of new members, recertification of members, the inauguration of the IPC, awards and a host of others.

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