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I Don’t Believe In Youth Empowerment – Adesina

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Akinwumi Adesina

The President of the African Development Bank, Dr Akinwumi Adesina, has disagreed with many who believe in youth empowerment. He said that youth investment is the only key to unlock the envisioned potentials of youth.

When interviewed on the sidelines of the just-ended World Bank/International Monetary Fund Annual Meetings in Washington DC, Adesina said:

“I don’t believe in youth empowerment, at all, because when you say you have empowered somebody and then you train them but there is no financing, investments for them to grow their businesses, what is the good of that? So, we must move from youth empowerment to youth investment”.

“We must invest in the youth and unlock their potential. That’s why I have been saying that we need to have youth entrepreneurship and investments banks specially developed, and dedicated to young people; where a young person would enter, and they feel at home; they feel welcomed because it is fully dedicated to them.

“When we had challenges for very micro businesses to have access to finance because you have missing institutions, we developed micro finance institutions for them. In the case of young people in Africa, you have government failure, you have institutional failure, and you have missing markets to support them. They are just there, floating; there is nothing around them. So, I believe it is time to really set up youth entrepreneurship and investment banks that would basically support young people to thrive.

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“That’s a big issue for me. So, it’s not just the capacity, but we must create opportunities for young people to thrive. You see, the young people are not just the future of Africa, I don’t believe that. They are the today of Africa if you take a look at it. So, whatever we have to do, we have to do it now”.

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Business

Peace Mass Transit Launches 50 Brand New Buses [PHOTOS]

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Peace Mass Transit (PMT) Limited, the leading mini-bus transport company in the country, has readied a total of 50 brand new buses for injection into its fleet.

The buses are all products of newly established PMT Vehicle Assembly Plant, located within the Emene Industrial Layout headquarters of the company.

PMT Executive Director in charge of operations, Enete Ifeanyi Henry Clinton disclosed that the new buses would be assigned to drivers and has already being deployed to all the PMT depots across the country.

Peace Mass Transit has an active fleet of 4,000 buses with at least 2,000 on the road daily. It regularly freshens up the fleet to meet customer expectations and also maintain its market leadership.

PMT Founder and Chief Executive Officer, Chief Samuel Maduka Onyishi, maintains he runs the company as a “ministry” and not strictly as a business, and would, always do what it takes to keep the company as an industry leader, at all times.

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“The brand new buses we are injecting cost almost N 17 million per unit, but I have a pact with both God and our huge clientele to offer the best possible services at all, times,” he stated after inspecting the newly assembled buses on Monday.

Customers are encouraged to book online through www.pmt.ng, or visit our website –peacegroup.ng

Chief Onyishi, Member of the Order of the Niger (MON) expressed gratitude to God and also to Nigerians who have trusted the brand (PMT) for over 20years. He urged them to keep their faith in the company and promised to always deliver beyond their expectations.

“Our customers deserve even more and no less,” he added. “We will never take their patronage for granted because they have brought us this far.”

He reiterated that the introduction of the new buses was a “strategic fleet rejig” and in no way signified or suggested older vehicles had any maintenance issues or were about to be discarded.

“Our maintenance culture is top-notch and the team is manned by technicians and engineers some of whom were trained abroad.

All PMT vehicle plying the highway, are regularly checked for maintenance, to avoid breakdown. All our vehicles run on strong quality tires which are replaced upon attainment of a certain mileage.’’

He reiterated that the introduction of the new buses was a “strategic fleet rejig” and in no way signified or suggested older vehicles had any maintenance issues or were about to be discarded the chairman concluded.

Special, distinguishing features of the new buses include, but not limited to EBS/ABS brake system combined, digital dashboard, factory-fitted speed limiter, on-board TV, and DVC player for customers’ non-stop pleasure.

According to the Executive Director, Ifeanyi, ‘’Multiple charging points and luggage controls are being provided, with all the buses fully air-conditioned, which includes protective seat belts for all passengers.

Free Wi-Fi services for passengers are still in the works.

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Business

‘I Didn’t Inherit Any Money From My Father, I Built Everything From Scratch’ — Dangote

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dangote

Africa’s richest man, Aliko Dangote has revealed that he didn’t inherit any money from his father.

He stated that he built his empire from nothing.

It is widely believed that the Billionaire inherited his wealth from his late father, Mohammed Dangote.

Speaking in a new interview, Dangote however confirmed that his father who died when he was only 8 years old was actually wealthy but he (Dangote) gave out the things that his late father willed to him to charity, and started his own life.

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Aliko Dangote is now valued at $14bn by Forbes and this makes him the 95th richest person in the world.

He has the largest cement company in Africa and his refinery in Ibeju-Lekki when completed is set to be one of the largest in the world.

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Dangote Shuns Innoson Motors, Orders 10,000 Trucks From Indonesia

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dangote

Dangote Group has concluded plans to purchase 10,000 light pickup trucks.

But the company appears to have shunned Nigerian carmaker, Innoson Vehicle Manufacturing, IVM, as the trucks are coming in from Indonesia.

Putu Juli Ardika, the Indonesian Director of Maritime Industry, Transportation Equipment and Defense Equipment, said the vehicles would be purchased by Aliko Dangote through his company, Dangote Group.

Ardika explained that the trucks would be imported into Nigeria to serve as means of transportation to rural communities.

He said the vehicles would be used by farmers and others in Nigeria’s agricultural value chain, to transport water, cassava, and seed processors.

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“Dangote’s team will check three units as a sample to be brought to Africa at the end of January.

“The trucks are set to be exported over five years, with 1,000 units to be exported this year and next year,” Putu said.

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