Vice President Yemi Osinbajo has praised a professor of Business Administration, Oluseyi Oduyoye, who accuses Nigerian youths of lacking integrity and being fraudulent, “engrossed in Internet fraud called Yahoo Yahoo.”
President Muhammadu Buhari had once described Nigerian youths as lazy, a narrative which Mr Osinbajo did not dispute when Mr Oduyoye mouthed a similar sentiment at the weekend.
At the 33rd inaugural lecture of Babcock University held in honour of the professor, Mr Osinbajo stated, “The real work of ministering is a work of ministering to the people, especially those who cannot afford to do many of those things themselves.
“The work that the ministries did was the reason the likes of Oduyoye and I are here. Because our college (Igbobi College) was one that was founded by two Christian missions, the Anglican and Methodist missions, they gave quality education at a cheap rate so that we were able to afford it, and several of us were able to go to school and be the people we are today.”
He added, “So, I want to commend the church (Seventh-day Adventist Church) for this and again, to congratulate dear brother and friend, Oduyoye.”
Mr Oduyoye criticised Nigerian youths for being engrossed in Internet fraud despite having the opportunities to engage in honest endeavours.
“Lack of integrity in our youths is rendering the nation bleeding. Integrity is a crucial attribute towards the development of any country. We live in a new society where our youths are now engrossed in internet fraud called Yahoo Yahoo,” the professor asserted.
His comments came on the heels of the FBI indictment of police chief Abba Kyari in a multimillion-dollar cyberheist.
EXPLAINER: How Abba Kyari offended America’s interest in Hushpuppi multimillion-dollar fraud (gazettengr.com)
He called on the federal government to support small businesses, calling for the revamp of SMEDAN, stating that “safety net should be offered to small business; interest-free loans and grants to small business owners.”
Mr Osinbajo disclosed that the African Development Bank (AfDB) had agreed to support micro, small and medium enterprises, especially technology-based ones, with $500 million.
He explained that one of the things Mr Buhari’s regime did with small businesses during the COVID-19 pandemic and afterwards was introducing the MSMEs Survival Fund.
“The MSMEs Survival Fund gave almost a million businesses support after the pandemic. We paid three months’ salary of several of the MSMEs,” added Mr Osinbajo. “The AfDB has agreed to support the government with $500 million for MSMEs in technology in particular. We think this is something that will be very helpful in addition to the N75 billion, which the government has set aside for young people in small businesses.”