Vice President Yemi Osinbajo has said that the Federal Government is getting young people involved in policy formulation.
Osinbajo stated this on Friday in Abuja at the Presidential Dinner for the Global Youth Employment Forum (GYEF), of the International Labour Organisation(ILO), organised in honour of the Director-General of ILO, Guy Ryder.
Ryder is in Nigeria to attend the ILO’s GYEF where more than 60 countries have gathered to address the challenge of finding decent jobs for young people.
Osinbajo said that hearing young people talk about opportunity was always heartwarming to him.
“So, I have, under my office, an entertainment and technology advisory group where I have a lot of young people who are talking to me and other government officials about what sort of policy we should have in entertainment and technology, to make it easier for them to do business. This has proved to be very useful.’’
According to the vice president, there are a lot of companies that are involved in Fintech, mobile payment system, and all manner of payments, but they are not banks and they are doing incredibly well.
“They make a lot of turnover in their businesses and the CBN regulates them,” he said.
Osinbajo said that with the help of the young men and women who worked with him as advisory group, they were able to design new strategies for the CBN to be able to license that category of financial technology companies to make it easier for them to do their business.