CBN to partner with universities on entrepreneurial development

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that a partnership between the apex bank and universities in Nigeria aimed at encouraging entrepreneurship is currently underway.

At the 35th conference of the Association of Vice-Chancellors of Nigerian universities, held at the university of science and technology, Wudil, the CBN governor in an address urged tertiary institutions in Nigeria to be actively involved in ensuring effective collaboration with key industry players in relevant aspects of the economy. 

This partnership, he said, would help build entrepreneurial development between youths before graduation. 

Upon graduation, they will be given start-up capital for their enterprise. Further adding that the partnership as proposed will provide an avenue for relevant digital skills to thrive. 

This partnership promises to remarkably curb the problem of unemployment facing the country.

He called on Universities to take this seriously so much that they tilt the focus of academic orientation towards job creation than towards job seeking.

Every year, he says, an estimated 600,000 graduate from tertiary institutions around the country. After these individuals finish their NYSC program, the majority flocks into the already struggling public jobs. 

This steady repetition contributes largely to unemployment in the country hence the need to shift focus from Job seeking to job creation.

This partnership is proposed to focus on graduates from every tertiary institution within the county.

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