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Nigeria losing big to ‘Japa’ trend, says Adesina

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Akinwumi Adesina

‘Youths need capital not N10,000 freebies’
President of the African Development Bank (AfDB), Akinwumi Adesina, has expressed concerns over the migration phenomenon known as ‘Japa’ in Nigeria, saying that Nigeria and the African continent are the biggest losers to the ‘Japa’ trend.

Adesina, who spoke yesterday, in an interview on Channels Television, said youths in Nigeria and other 51 countries in Africa do not need freebies under the guise of empowerment schemes but capital to fund their ideas and translate the same into enduring wealth.

The former Nigeria’s Agriculture Minister said Africa’s youth swelling is a demographic asset that has to become an economic asset through rigorous investment in human capital development and financing.

According to him, Africa’s youth population was not a problem for the continent because India and China’s population have not been a problem for them; it is what you do with your population and how you skill them up that matters.

The AfDB boss said that if young people in Africa are skilled and have good jobs and social protection, these would turn to prosperity for the continent because the demography has high purchasing power. He said that in a world of rising tariffs, it is important for Africa to build consumption as part of its gross domestic product.

“In the case of young people and the Japa syndrome, it’s a big loss for us. Young people don’t need freebies; they don’t need people.

“They have skills, they know, they have entrepreneurship capacity, and they want to turn their ideas into great businesses. What young people need is not those empowerment programmes; they need capital, they need you to put your money at risk on their behalf.

“We have over 465 million young people between the ages of 15 and 35. Africa should not turn what should be its demographic asset into somebody else’s problem due to the inability to believe in young people and invest in their ideas for continental prosperity.

“I do not believe that the future of our young people lies in Europe; it doesn’t lie in America, it doesn’t lie in Canada, Japan, or China; it should lie in Africa growing well, growing robustly and able to create quality jobs for our young people,” he said.

The AfDB boss said that the financial system in Africa was not designed to support young people on the continent.
Adesina said to support young people in Africa, the AfDB created the Youth Entrepreneurship Development Bank to support their business plans and to address institutional failure around financing.

He said the AfDB just approved $100 million to set up the Nigerian Youth Entrepreneurship Investment Bank to “mobilise $2 billion of investment for more than 38,000 businesses of young people in Africa.”

“They don’t need N5,000, N10,000. You want to create youth-based wealth. If you don’t, who are the people who will pay the taxes in the future? Where are you going to get the capital mobilisation in the future? You have to therefore, invest in the same demographic so that you can reap in the future,” he added.

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PRESIDENT TINUBU’S TRIBUTE TO CENTENARIAN ALHAJI TANKO YAKASAI

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Of the noble men and women who stood firm for our liberty and freedom from repressive colonial subjugation, Alhaji Tanko Yakasai is the last man standing. Born a hundred years ago in Kano City, Alhaji Yakasai exemplifies a purposeful life, carving out a meaningful legacy despite humble beginnings.

Disturbed by the injustice and maltreatment he witnessed under colonial rule, he chose to join the fight for Nigeria’s liberation. As a young man, Baba Yakasai channelled his energy into the struggle for the emancipation of his people and the rest of the country as a freedom fighter, journalist, and frontline political activist.

His activism led him to join hands with comrades in the Northern Elements Progressive Union (NEPU), led by the visionary radical Mallam Aminu Kano. Through NEPU, Yakasai and his co-travellers launched a massive awakening campaign in Northern Nigeria, igniting the fire for the Independence struggle.

In the aftermath of Nigeria’s Independence in 1960, Yakasai maintained an abiding faith in the country and its development. He played several significant roles, including serving as State Commissioner in Kano under Military Governor Audu Bako and as Special Assistant on National Assembly Liaison to President Shehu Shagari during the Second Republic.

In both youth and old age, Yakasai remains a shining example of commitment to Nigeria. He is a consensus builder who consistently weighs in on the side of national cohesion, peaceful coexistence, and democratic consolidation.

In celebrating Baba Yakasai today, I am not only celebrating the man and his personal achievements, but also a century of dedicated service to freedom and democracy and many years of supporting me and the progressive cause.

I am pleased to join family, friends and associates to celebrate the life and commitment of Alhaji Tanko Yakasai as he turns 100 on December 5.

President Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief
Federal Republic of Nigeria
December 4, 2025

 

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Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress

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Former British Prime Minister Boris Johnson has expressed confidence in Nigeria’s security, saying he feels perfectly safe during his visit to the country. His remarks come amid ongoing reports of insecurity in various parts of Nigeria, making his statement a notable endorsement of the nation’s stability in certain regions.

Johnson made the declaration on Thursday, December 4, 2025, while addressing participants at the Imo State Economic Summit 2025 in Owerri, the state capital. He acknowledged having read travel advisories and news reports highlighting security concerns prior to his trip but said his experience has been reassuring.

He said he feels perfectly safe in the country and emphasized that the summit environment and local hospitality contributed to his sense of security. He also asked the audience if they felt safe, receiving an enthusiastic affirmation.

During his visit, Johnson commended Governor Hope Uzodimma and the Imo State Government for their development initiatives, particularly efforts to provide 24-hour electricity. He highlighted the potential of Nigeria as a hub for innovation and economic growth, noting the opportunities presented by emerging technologies such as artificial intelligence.

While his statements have been welcomed by some as a boost to international confidence in Nigeria, analysts caution that the former prime minister’s experience reflects only a controlled and secure environment within Imo State. Several parts of the country continue to face challenges, including banditry, communal conflicts, and kidnappings.

Nonetheless, Johnson’s visit and remarks are significant, sending a positive message to investors and global observers about Nigeria’s potential for stability and progress. They also underscore the contrast between localized experiences of safety and broader security challenges across the country.

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Dangote to Uzodimma: Just show me where to invest

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Dangote

By Emmanuel Iheaka, OWERRI

The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.

Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.

The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.

Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.

“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.

He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.

“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.

Dangote reiterated that his refinery was set to launch 1.4 million barrels per day capacity, the highest for any single refinery in the world.

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