The Pro-chancellor of Achievers University Owo, Ondo State, Dr Bode Ayorinde, has called for massive industrialisation of the Nigerian economy as solution to poverty and insecurity ravaging the nation.
Ayorinde also added that industrialisation would also reduce unemployment.
He said this at the 10th convocation ceremony of Achievers University, Owo.
According to him the statistics on unemployment is worrisome and has aggravated criminality nationwide.
“The idle youths are bubbling with knowledge and energy which are not employed for economic growth, but made available for “Yahoo” activities, prostitution, rape among others.
“When there is no employment, there will be no production of goods and services,” he said.
Ayorinde who is the founder of the university said “each state of the country should as a matter of urgency establish industrial estates across the country and provide incentives such as tax holiday, easy access to land and provision of good roads to encourage the private sector to establish companies.
“It is very important for the Federal Government and every state government to put in place industrial policies, to be reviewed periodically with a view to assist small industries to become bigger.
“Government should establish industrial incubation centres in each state of the federation with a mandate to systematically grow industries in the country.