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Elumelu lists panacea for unemployment, youth restiveness


Tony Elumelu
The most effective way to address worsening unemployment and its attendant increase in crimes on the continent and in Nigeria in particular is by capacitising and empowering youths to grow small businesses.
This was part of the recommendations made by the Chairman of the United Bank for Africa Plc, Tony Elumelu, in his address at the Joshua Generation International Youth Conference, hosted at the University of Nigeria, Nsukka in Enugu State.
In his address, entitled: “Africa: Unlocking Our Potential, Securing Our Future,” Elumelu noted that almost 60 per cent of Africa’s population is under the age of 25, while in Nigeria, youths of 35 years and under are estimated to constitute 70 per cent of the population. ....

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Rewane: Heirs Holdings' $1.1bn OML 17 Deal to Boost Job Creation


By Obinna Chima
The Managing Director of Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane has said Heirs Holdings’ (HH) $1.1 billion investment in the acquisition of the strategic OML 17 from Shell, ENI and Total, will lead to job creation, transfer of technology and improved management skills.
Rewane, who said this during a chat on BBC’s ‘NEWSDAY,’ noted that the investment serves the objective of economic patriotism.
“First and foremost the profit is retained by Nigerians, so that helps. Everywhere across the world, sovereign nations and host communities are trying to have a skin in the game, rather than having the structure where the multinationals come in and get all the revenues out. ....

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