By Ibrahim H. Tinja
The issue of graduate unemployment in Nigeria has been a major cause of concern for both the government and citizens. With thousands of graduates entering the job market each year, the limited employment opportunities available have resulted in a high rate of unemployment, especially in the northern region of the country.
To address this issue, the Director-General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Charles Udii, recently visited the Honorable Fatima Talba, member representing Potiskum/Nangere Federal Constituency, to discuss empowerment and entrepreneurship training for graduates.
The meeting, which was held in collaboration with Arewa Ears Community Development Forum, aimed to explore ways to support and empower young graduates in the region. Under the leadership of Dr. Charles Udii, SMEDAN has been at the forefront of promoting entrepreneurship and providing business support services to small and medium enterprises in the country.
With the support of Honorable Fatima Talba’s Youth Empowerment program, the agency has promised to support 500 graduates who are not employed with skills acquisition and empowerment training in Potiskum/Nangere Federal Constituency. This initiative aims to equip young graduates with the necessary skills and knowledge to start their own businesses and become self-employed.
During the meeting, Honorable Fatima Talba requested the DG to consider providing loans to some of the participants, with her promise to act as their guarantor. In response, DG Udii expressed his concern over the issue of loan repayment, stating that many individuals who have been given loans in the past have failed to pay back the money.
The DG and Honorable Talba had agreed to conduct the skills and acquisition training and empowerment before the end of this year. He further emphasized that this has been a major challenge for the agency. However, he commended Honorable Fatima Talba’s commitment to supporting her people and encouraged her to continue to be their advocate and motivator.
The issue of loans has been a major hindrance to the growth and development of small businesses in Nigeria. Due to the high risk involved, financial institutions are often reluctant to provide loans to entrepreneurs. As a result, many small businesses struggle to get the necessary funding to start or expand their businesses.
With the support of Honorable Fatima Talba, SMEDAN is optimistic that the new graduates’ empowerment and entrepreneurship training program will be a success. This initiative will not only provide the necessary skills and knowledge but also provide access to loans for young graduates. By having a guarantor, the risk for financial institutions is significantly reduced, providing more opportunities for the graduates to access the funds needed to start or grow their businesses.
Middle-Belt Times 