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Iwuanyanwu Foundation, CBN move to fight unemployment in Nigeria


December 3, 2017 | 12:02 am
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Irked by the growing unemployment and destitution in the country, The Iwuanyanwu Foundation and the Central Bank of Nigeria (CBN) have taken up the challenge to cushion the hydra-headed situation.
The Foundation, established to seek ways and means of improving the quality and standard of living of the people today, signed an agreement with the Central Bank of Nigeria (CBN) to strengthen the implementation of the New Partnership For Entrepreneurship and Employment Creation (N: REEC programme) put in place by the Central Bank the nation’s apex bank.
The agreement was signed by the Coordinator of the foundation, Chinedu Nsofor and Osita Aniemeka programme director South East Entrepreneurship Development Centre on behalf of the CBN.
According to Nsofor, the Iwuanyanwu foundation has helped thousands of indigent students in post primary schools and universities through scholarships, adding that by the year 1988, the foundation had offered 300 scholarships at the university level and tens of awards yearly.
He explained that the N:REEC programme was a development-oriented programme that would drive the nation’s development through massive job creation by involving all Nigerians in partnership where all unemployed students in the country world be supported to achieve self-employment.
In his remarks, the founder of the foundation and member Board of Trustees (BoT) of the People’s Democratic Party (PDP) – Emmanuel Iwuanyanwu decried the upsurge of youth unemployment poverty and destitution which African countries are experiencing and Nigeria being one of the worst hit.
He observed that the worrisome situation now compels some Nigerians to migrate to other countries desperately in search of greener pastures with disastrous consequences on them.
Iwuanyanwu recalled with nostalgia, the crucial role of agriculture as the mainstay of the nation’s economy in the First Republic but which was later neglected following the discovery of oil.
He argued that is the bane of the nation’s economy even as he stressed the need for all to go back to agriculture.
While calling for patriotism from the nation’s leaders to arrest Youth unemployment through effective and judicious utilisation of the nation’s natural resources, Iwuanyanwu also sued for the promotion of art work among the youth.
“Seeing Nigerians languish in hunger is painful more so when we have enough and our foundation has a program to make the people realise that they can be rich without being professors or permanent secretaries. We are grateful to the CBN for coming up with this programme and we must work with the government to end poverty in this country,” he stated.




December 3, 2017 | 12:02 am
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