FG to set up N300bn fund for graduate entrepreneurs—Education Minister

Minister of Education, Dr Tunji Alausa, has said the federal government will soon launch a N300 billion Graduate Entrepreneurship Fund to assist youths to set up their own businesses and pursue their dreams of being self-employed. According to him, a graduate will be able to access at least N10 million and if needs be, could be given something higher. Alausa, who stated this while delivering the convocation lecture at the Lagos State University, Ojo on Tuesday, said the the efforts was part of steps being taken by the Bola Tinubu administration to steer Nigeria from a resource base economy to a knowledge base one. The lecture, titled, “Patriotism, citizenship and national ownership: The imperative of collective responsibility for Nigeria’s future,” was part of activities lined up to mark the 28th convocation ceremony of LASU.
“If we look at patriotism, citizenship and national ownership, there is a major thread that connects them and that is education. Patriotism goes beyond mere attachment to national symbols, it is active engagement in nation building and fostering unity in diversity. It is measured by actions that help in nation building. Citizenship also entails obedience to the laws of the land, civic responsibilities, national loyalty, protecting national assets among others. While national ownership involves protecting national resources, using same for the good of all etcetera. However, in all of this, education is a catalyst. Citizens must embrace  their rights for the nation to thrive. Therefore, the present administration has taken it upon itself to provide equitable access to education. Focus on technical, vocational and entrepreneurship training, give the girl child the necessary support, ensure quality assurance in our education system so that our young ones will not only be patriotic, be good citizens but also know that national resources have national ownership and to be used for the good of all,” he said.
The Minister said a lot of innovations and changes are being made in the education sector, including the introduction of the student loan scheme that has seen over N45 billion disbursed so far. In her address, the Vice Chancellor, LASU, Prof. Ibiyemi Olatunji-Bello, said Nigeria is more than a mere geographical entity. “Nigeria is our shared hope built by our past heroes. We must reignite the spirit of patriotism, citizenship and ownership in the people. The future lies in all citizens not just a few,” she opined. The Chairman of the event, Dr Abdullahi Ganduje, the National Chairman of the All Progressives Congress, APC, noted that education is the solution to most of the problems facing mankind. He commended the Tinubu administration for the giant strides so far recorded in the sector.