Industrialisation’ll reduce youth unemployment

Industrialist and Chairman, Eleganza Group of Companies, Chief Razaq Okoya, has called on the federal and state governments to invest more in small-scale industries to improve Nigeria’s economy.

Okoya said investments in such industries would provide meaningful employment for the teeming youths and also check restiveness.

The businessman spoke in a statement titled, ‘Alhaji (Chief) Dr Rasak Akanni (CON) on industrial growth, economic transformation and capacity development in Nigeria,’ on Monday as part of activities to mark his 81th birthday.

Okoya said, “The new industrial zones will decrease the need for our youths to move from state to state and, especially, reduce the need for them to migrate to the cities. This programme will ease congestion in urban areas, especially in Lagos, and ensure that the whole of Nigeria becomes the economic hubs.”

The businessmen said though the project may appear simple project, the benefits were enormous.
“Most of them (young unemployed Nigerians) will be able to employ more people when they set up their businesses..”

Okoya also called for more efforts to improve power supply to encourage more businesses to spring up.