A group under the aegis of the Young CEO Initiative’, has advocated for the creation of the Ministry of Young Entrepreneurs, which, according to the Initiative, would stimulate small and medium-scale enterprises in Nigeria
Joined by other members of the initiative, Omoregie maintained that the ministry, if created, would help to relate directly to young entrepreneurs and drive the spirit of entrepreneurship in the country.
He asserted that most young entrepreneurs employ the highest number of people, thereby generating the highest amount of revenue as far as Nigeria’s Gross Domestic Product (GDP) is concerned.
“We also ask that the government provide subsidies for young entrepreneurs that go into the importation of raw materials for manufacturing. This will help to crash the cost of commodities in the market,” said the initiative’s founder.
The young entrepreneur regretted that many enterprises belonging to members of the initiative had folded up in recent times due to the prevailing economic situation.
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