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FG to Harness the Digital Economy to Empower Youth
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Joel Ajayi
The Honourable Minister of State for Youth Development, Mr Ayodele Olawande has disclosed that the Federal Government is making efforts to harness the potentials of the digital economy in empowering the youth and creating sustainable jobs.
He made this disclosure in Abuja when he received the participants of the Senior Executive Course 46, 2024 of the National Institute of Policy and Strategic Studies, (NIPSS), Kuru, Jos, Plateau State who were on study tour to the Ministry.
Mr Olawande said over 50% of the population below the age of 30 have a significant demographic advantage in the digital age.
“Our youths are tech-savvy, innovative and eager to contribute to the country’s economic growth. However, they face numerous challenges including limited access to quality education, skills training and job opportunities.
The digital economy offers a unique opportunity for Nigeria to leapfrog traditional development challenges. With the rise of e-commerce, digital payments and remote work”. “Our youths can assess global markets, skills training and job opportunities like never before,” he added.
According to the Minister, challenges hindering the growth of the digital economy in Nigeria must be addressed.
He explained that to overcome the challenges, the Ministry has implemented initiatives such as digital skills training programs for youths, focusing on areas like software development, data analytics and digital marketing especially in the NYSC.
This, he disclosed is alongside partnering with Galaxy Back Bone to improve infrastructure, Internet connectivity and alternative electricity supply as well as funding opportunities such as grants, loans and venture capital for startups of small businesses with launching of the National Youth Investment Fund.
The Honourable Minister who hinted that the Ministry’ s goal is to create an ecosystem that supports entrepreneurship and employment opportunities for youth stated: ” We recognise that sustainable job creation is critical to Nigeria ‘s economic growth and stability”
”I urge you all to join us in this journey to harness the potential of the digital economy for youth empowerment and sustainable job creation in Nigeria.”, he added.
Mr Olawande further said that the opportunities and challenges underscore the need for a collaborative effort from all stakeholders to harness the potential of the digital economy for sustainable development.
The Minister who observed that there is a gap between the Government and the young people expressed his heartfelt desire for the Youths of the nation to feel the Government. He opined that the country has the most intelligent youths in the world.
Earlier, the leader of the delegation from NIPSS, Barrister Nima Salman Mann, mni said they are in the Ministry to research, proffer solutions, recommendations and strategies to help Government chart its course for the the year, with the theme : ‘Digital Economy, Youth Empowerment and Sustainable Job Creation in Nigeria: Issues, Challenges and Opportunities’.
.She also added that Ministry of Youth Development is very germane to this year’s theme .” We are with the Ministry of Youth to listen to what you are doing to help the youth, how you are doing it, strategic plans and way forward as well as how we can use the digital economy to chart the goal for sustainable job creation,” she concluded.
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How Prof. Nnanyelugo Ike-Muonso Repositioning the Raw Materials Sector For Economic Diversification
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By Joel Ajayi
As we embark on a journey, we always pray for an able, experienced, and courageous driver, pilot, or sailor depending on the means of transportation.
This is because the captain will have enough experience and boldness to navigate out of turbulence and to bring all the passengers and crew to the intended destination.
Interestingly, these fine qualities of ability, experience, boldness, and many more, abound in the man, Prof. Nnanyelugo Martins Ike-Muonso, who we all are pleased was appointed the Raw Materials Research and Development Council, RMRDC, the Director General/CEO by President Bola Ahmed Tinubu a few months ago.
This is because he has brought his knowledge, ability, experience, and doggedness to bear in carrying out his assignment in charge of the Council.
The RMRDC, operating under the Federal
The Ministry of Innovation, Science, and Technology, is pivotal in driving Nigeria’s industrial growth by optimizing local raw materials exploitation, development, and utilization. RMRDC, ab initio, was conceived as a child of necessity when Nigeria was reeling from the throes of global recession and plummeting crude oil prices.
Without an iota of doubt, today, the council is experiencing a transformation with massive innovation in raw material exploitation, development, and utilization, supporting business and industrial growth, and contributing to Nigeria’s economic prosperity.
Speaking this during a press briefing on Tuesday, in Abuja to commemorate his 100 days in office said the council is laying a solid foundation through numerous innovations that will further enhance growth in the country.
According to him, in the past 100 days, my strategic pursuits have been to lay solid foundations for enduring success in these goals.
“Upon assuming this position, I set five crucial deliverables which include, refocusing the Council as a premier research institution; Strengthening the Council’s productivity and operational efficiency; Significantly improving the staff welfare to be the best in the class of similar organizations;
“Others include, Boosting the Council’s visibility and instituting remarkable culture change that encourages ownership and productivity as well as Strengthening and deepening the Council’s place in the international arena.”
While speaking on his Achievements so far, the DG revealed: “My first task, therefore, was to implement a strategic goal-setting for the Council’s staff to define and set out clear objectives and targets to be achieved by the Council within a specified period towards refocusing on this historical mandate. We unleashed five significant initiatives in that regard.
“The nationwide raw material data collection exercise that focused on technical and investment information. erships to drive our mission forward.
“The restructuring and renaming of the former Technology Innovation Complex (TIC) at the Obasanjo Space Center at Airport Road, Abuja, to a Research and Demonstration Plants Complex (RDPC). This complex will be Africa’s first center of excellence in raw material research, featuring state-of-the-art laboratories, technology development workshops, and proof of concept demonstrations.
“We have reactivated the Council’s Journal and repositioned it internationally. The repositioned Journal of Raw Material Research [JORMAR] will host RMRDC’s researchers’ publications, which are crucial in promoting awareness, facilitating knowledge sharing, and informing stakeholders about the opportunities and challenges in Nigeria’s raw materials sector.
“The collaboration with universities and academies will strengthen our capacity for conducting market-guided research, ensuring sustained workforce training while deepening our orientation in science.
The council has reformulated a new template for all our research proposals to ensure and sustain a clear departure from the old culture of blue-sky and deliberately endless research.
Speaking further, Prof Nwanyelugo Martins Ike-Muonso stated that Staff welfare remains a top priority as an issue of unpaid salaries is settled as well as set up a comprehensive welfare program.
“Similarly, we established the RMRDC Training School to sustainably build our staff and stakeholders’ capacity to further the staff welfare improvement goal.
“We are committed to openness, inclusiveness, and performance management and have initiated steps to continuously improve staff ownership, orchestrate transformative culture change, boost our corporate visibility, and enhance
“To further strengthen our visibility and communication strategies, we are upgrading our media infrastructure, which includes the launch of the RMRDC online media platform, The RMRDC TV Online.
“We are committed to openness, inclusiveness, and performance management and have initiated steps to continuously improve staff ownership, orchestrate transformative culture change, boost our corporate visibility, and enhance
“Additionally, we are working hard to effectively enhance the intellectual property and patent portfolio of RMRDC from its current 40 to approximately 200 new patents within the next 24 months. This proactive approach secures valuable IP assets and positions the Council as a leader in innovation within the raw materials sector, contributing to Nigeria’s overall economic growth.
“As well as launching an e-registration and certification portal to enhance transparency in the raw materials sector,” DG revealed.
He however reaffirmed his commitment to reshape the future of research, technology, and innovation, driving Nigeria towards an industrially vibrant and technologically resilient economy.
“As I mark 100 days in office, I boldly say that the Council is on the verge of rewriting its history.
“I believe that in no distant future, RMRDC will play a leading role in enhancing raw materials’ development to boost raw materials’ industrial trial processing and attain sustainable industrial growth in Nigeria.
DG, however, applauded the Minister of Innovation, Science, and Technology, Chief Uche Geoffrey Nnaji, for his unwavering support and mentorship, saying the Minister’s leadership has been instrumental in the progress made so far.
In his opening remarks, the Directorate of Corporate Affairs, Mr Chucks Ngaha commended the hard-working DG who has weathered the storm further to put the Council on the ladder of more prosperity.
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