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Nigeria may become poorest nation in 2050, says Ibru

Nosa Akenzua, Asaba

Foremost entrepreneur in the nation’s tourism industry, Mr. Godie Ibru on Tuesday in Asaba, said that wealth creation remains the antidote to poverty in Nigeria, noting that the creation of wealth through entrepreneurship leads to creation of employment.

Speaking while answering questions from journalists after delivering a lecture at the public presentation and inauguration of the Urhobo Economic Development Foundation (UEDF), Ibru said that it was high time leaders and elders in the country assist the youth to create wealth, warning that unless something drastic was done to create more wealth, Nigeria could become the poorest country in the world by the year 2050.

“By far and beyond job creation through the provision of employment opportunities in the public and private sector is the enormous job creating monument embedded in entrepreneurship development,” he stated, adding that it was the ultimate salvation for the youth or the safety valve required for escaping from the poverty time bomb and the consequent backlash.

Ibru therefore, charged stakeholders to pursue establishing small enterprises so as to drive the economic development of not only the Urhobo nation, but the country at large.

He commended Aliko Dangote for providing finance for young people to kick start their own businesses and reiterated that wealthy Nigerians should support the country’s youth with startup capital.

Also, he commended the Delta state government for its entrepreneurship drive and youth empowerment programmes, adding “our youth if given the opportunity can move the nation forward; the future of our country is on enterprises.

“The government has already prepared us for that by privatizing businesses, it’s now left for us to take advantage of it. We can no longer blame government, the government realized it has no business doing business, but there is a big problem, to create wealth, we need capital.

“It’s a pity that we see more of our youth traveling abroad for greener pastures, let us change our mind set, let us teach the young people to look inward and that what we are looking for in America is here in Nigeria.”