High rate of unemployment in the country gives Dangote sleepless nights

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The Chairman of Dangote Group, Alhaji Aliko Dangote, has said he is uncomfortable with the current high rate of unemployment in the country.

Dangote, who responded to a question from a woman entrepreneur in a team of business executives from Lagos Business School (LBS), who visited his multi-billion dollars refinery and petrochemical projects in Ibeju-Lekki, Lagos, on Saturday, said the problem is giving him sleepless nights.

He said: “What keeps me awake at nights is not really the enormity of business ideas running through my mind, but it is actually high rate of unemployment in the country. It is an eyesore and I think we have collective responsibility to solve this problem.”

The businessman said the nation’s growing population should have been a blessing if the youth energy is harnessed to drive growth, but regretted that poverty increases with the population.

He added: “The more poverty that you have in a society without education, the more criminals you breed. It is surprising that poverty grows in this country as population grows, especially in the North where you have low income families bearing score of children they cannot cater for.”

Dangote said it is not the duty of government to create jobs, stressing that creation of enabling environment for entrepreneurs to thrive should be the focus of any government.