The Minister of Finance, Dr. Ngozi Okonjo-Iweala, said Nigeria had been widely pronounced the major investment destination in Africa due to its high return on investment.
Okonjo-Iweala spoke at the Creative Entrepreneurs Association of Nigeria (CEAN) and British Council awards night in Lagos, where the federal government’s Youth Enterprise with Innovation in Nigeria (YouWiN!) programme was distinguished as “the best overall contributor to the development of the Nigerian creative industry in 2013.”
The minister said, access to finance has been identified as the major challenge faced by many businesses owned by young entrepreneurs. She also stressed the need to prioritize entrepreneurship as a solution to Nigeria as well as Africa’s high youth unemployment.