Wednesday, 11 December 2019 16:20

Banks contribute greatly to unemployment in Nigeria —Smart Adeyemi

Senator Smart Adeyemi
 
 

The senator representing Kogi West at the Senate, Mr. Smart Adeyemi, has said that banks contribute “in no small measure to unemployment in Nigeria.”

Adeyemi, elected on the platform of the ruling All Progressives Congress, spoke in response to a motion moved by ex-deputy Senate President Ike Ekweremadu, during the plenary on Wednesday.

Citing orders 42 and 52, Ekweremadu had moved a motion on the escalating rate of unemployment in the country.

 

Adeyemi, supporting the motion, said, “Unemployment affects everyone here directly or indirectly. This is an issue that we should take very seriously.

“Banks in Nigeria contributed in no small measure to unemployment in Nigeria. They do not give credit facility to young Nigerians to run business.”

Describing it as “a complex problem,” the senator added, “Let us look at the banking sector. In addressing unemployment, we must look at funding, which is important.”

Other senators spoke in the same vein. Senator Istifanus Gyang (PDP-Plateau North Senatorial District), noted that, “The situation of unemployment has brought upon a trauma of helplessness. Many of our youths are well read, have multiple certificates and still unemployed.”

He urged Buhari regime to declare a state of emergency on unemployment, “so that all hands will be on deck and deliberate steps must be taken to ensure we rescue Nigerian youths that are in the state of trauma.”

“It is important to ensure that the private sector is empowered to provide an enabling environment to create employment for our youths,” Gyang added.

 

Punch

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