The African Democratic Congress (ADC), has said the President Bola Tinubu-led Renewed Hope Agenda is becoming a bastion of hopelessness with Nigerian youths becoming victims of government’s neglect.
National Chairman of the ADC, Chief Ralphs Nwosu said this while inaugurating the ADC Youth Continental Youth Council, in Abuja, Wednesday.
He noted that while other nations are promoting youth engagement and employment through sports and policies deliberately designed to harness the creativity of youths, the current administration is fixated on suppressing our youths and wasting our common patrimony on luxuries.
Saudi Arabia, some years back, came up with Vision 2030. One of the goals is to ensure that by 2030, their tourism sector will attract a hundred million tourists. And their infrastructure was prepared to receive that number of tourists. But the amazing thing is that seven years before the 2030, they achieved it.
Nwosu said, “We are running a government that is talking of Renewed Hope Agenda. Where are the goal posts? What is the goal post for your economic team, Aviation Minister, Tourism? Everything has collapsed.
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“Over 70 percent of this (over 200 million Nigerian) population are young men and women, the youths. But unfortunately, the APC government has no regard for these people.
“Nigeria has about $200 million GDP, but about seven companies – Apple, Amazon, Goggle, Microsoft, etc, have annual turnover of that runs into trillion of dollars.
“The amazing thing is that four of these companies were set up by young men in their 20s.
“The companies have grown to be the most biggest corporations in the world. So the most vibrant, energetic and skilful are the over 70 percent population that the APC government has neglected.”
The party chairman also noted that unlike Saudi Arabia which has articulated its clear vision for the future through the privatization of its state owned oil company, its Nigerian counterpart is still groping in the dark.
He said, “Another thing about Saudi Arabia Vision 2030, is to put its oil company Aramco into public market, just as we decided put our own NNPC into public market.
“ You know NNPC is not public liability company, but what is the capitalisation? Nobody knows.
“But Saudi Arabia capitalised Aramco, and Aramco is one of the seven trillion dollar companies in the world. It is about N2.3 trillion.
“Meanwhile, the idea of privatising NNPC has been on for 10 years, and about five years ago, the government of Buhari started it. It becomes NNPC Ltd.
“And that means government should not tamper with the board, because you privatise, it is no longer government owned establishment.
“But no sooner this government came on board, the sack the management that was only two years.
“The next thing, they got into subsidy or no subsidy; the next thing, they got NNPC to go and borrowing money from Nexim Bank, the first $3 billion that they borrowed.”
Nwosu explained that the ADC Youth Council was being inaugurated and given the torch to light not only Nigeria but the entire African continent with innovative ideas for progress.