Vice-President Yemi Osinbajo has warned Nigerian youths not to participate or be sidetracked by gangs of fraudsters known as ‘yahoo boys,’ warning that they would end up in prison.
Instead, he advised them to take advantage of the various programs set up by the Federal Government and the Central Bank of Nigeria to assist young entrepreneurs and other Nigerians.
While giving the first graduation talk at Kola Daisi University in Ibadan, Oyo State, Osinbajo cited numerous young Nigerians who have achieved success without taking shortcuts and challenged graduands and youngsters to embrace integrity and character in order to achieve success in life.
He said:”Don’t be distracted by the yahoo yahoo boys that are coming up one day with fancy cars. Their days are always numbered. They will go to jail one day. The point, of course, is that what is the point of making money when you can’t sleep well at night. The point is that all of the examples I’ve given, not one of them has wealthy parents. All of them did most, if not all, their education here in Nigeria.
“So, it is important for us to bear in mind that a Nigerian education is an important credential because you understand the terrain and you understand the law of the land. But you must find out about the support that is available either from the private sector or public sector. For example, the Federal Government has established a N75 billion National Youth Investment Fund. This provides financial support for small businesses in any field.