Banks Are Behind Unemployment In Nigeria – Kogi Senator Smart Adeyemi

On Dec 11, 2019

The senator representing Kogi West at the Senate, Mr. Smart Adeyemi, has said that banks contribute “in no small measure to unemployment in Nigeria.”

Adeyemi, elected on the platform of the ruling All Progressives Congress, spoke in response to a motion moved by ex-deputy Senate President Ike Ekweremadu, during the plenary on Wednesday.

Citing orders 42 and 52, Ekweremadu had moved a motion on the escalating rate of unemployment in the country.

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Adeyemi, supporting the motion, said, “Unemployment affects everyone here directly or indirectly. This is an issue that we should take very seriously.

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“Banks in Nigeria contributed in no small measure to unemployment in Nigeria. They do not give credit facility to young Nigerians to run business.”

Describing it as “a complex problem,” the senator added, “Let us look at the banking sector. In addressing unemployment, we must look at funding, which is important.”