With the Youth Employment Promotion Policy included in the Priority Action Plan 2030, 600 000 jobs are expected to be created annually, with the involvement of Regional and Local Authorities
By Boris Esono Nwenfor
In his traditional 10 February speech to the Youths, Cameroon’s President Paul Biya announced the imminent creation of the National Employment Council, to get the youthful population gainfully employed.
The National Employment Council to President Biya is expected to provide new solutions to reverse the unemployment trend and improve the productivity of enterprises. The said Fund would provide project initiators and start-ups with the requisite guarantee to raise capital from financial markets or obtain financing from traditional bank
“In the short term, the Government plans to mobilize specific national, bilateral and multilateral funding to support the establishment of a guarantee fund for young entrepreneurs,” 88-year-old President Biya said. “However, many programmes are already being implemented as part of the day-to-day activities of several ministries with high employment potential. The purpose of all of these actions is to foster and boost youth entrepreneurship.”
President Biya is further reminiscent of the just-ended 33rd edition of the Africa Cup of Nations hosted for the first time in 50 years and he said it would be regarded as one of the most successful in the history of African football.
Despite Cameroon not winning the title, the Head of State said that is how football is and congratulated the youths who turn out in their numbers in the various hosting sites to give the competition the grandeur it deserved.
“There is reason to be satisfied and legitimately proud about TotalEnergies AFCON, Cameroon 2021 as it was unquestionably not only a great moment of communion for all, but also an excellent opportunity and a splendid showcase for Africa and the entire world to appreciate Cameroon’s plentiful endowments and, in particular, the legendary hospitality, the vitality and dynamism of its people. The country thus demonstrated its capacity to address major challenges,” President Paul Biya added.
“Moreover, football lovers know better than anyone else that you can play well and win a match, just as you can play well and lose. That is why I believe what we must remember at the end of this great sporting festival is the delightful saga of the Indomitable Lions who, throughout, did fairly well. Their fighting spirit and perseverance earned them an honourable third position.”
Despite this, the loss of eight lives at the Olembe Stadium did not go unnoticed by the President who wished speedy recovery to the injured and also honoured the memory of those who lost their lives in the process of football their country play.
President Biya who is the second-longest serving African Head of State also did note that the ongoing coronavirus pandemic did adversely affect the growth projections of the country. Despite that, President Biya said: “Thanks to the proper management of our economy, we continued to implement the Three-Year Special Youth Plan, which enabled the financing of 8430 projects, 119 economic clusters and 132 second-generation pioneer villages, as well as the creation of close to 22 000 direct jobs.”
“Additionally, about forty Multipurpose Youth Empowerment Centres were built and the National Youth Observatory was effectively set up. The maiden field actions of the observatory have led to the production of 50 000 youth Biometric Cards to facilitate access to many basic social products and services at reduced costs.”
“With the increasingly visible participation of diasporic youth in nation-building, the Government has put in place an incentive framework for their entrepreneurial initiatives through the Support Programme for the Return and Integration of Diasporic Youth,” President Biya noted.
“In the year, the Government intends to further support the call for projects initiative launched to enable diasporic youth to participate in the development of our country. This ambitious programme is expected, in the long term, to encourage such youth, who so desire, to return and invest in Cameroon and sustainably form part of the national economic fabric.”