President Goodluck Jonathan says Nigeria could face serious problems if jobs are not created for the youth.
The president said this at the State House in Abuja yesterday while receiving a delegation from one of the successful bidders in the ongoing privatisation of the country's power generating companies.
The delegation was led by Mr Patrick Kron of Alstom Worldwide which won the bid for the Afam Power Plant.
"The population of our young people is high. If we are unable to provide jobs for these young people, the country could face serious problems. That is why we will continue to encourage companies like yours which can contribute to the training and employment of young Nigerians," the president said.
He said due to the urgent need to create more employment opportunities in the country, his administration will continue to do everything possible to promote rapid diversification and industrialisation of the economy.
He added that the government would also continue to encourage investors who would support its efforts towards creating more jobs for qualified youths by increasing the local production of goods and services.
He said he was particularly pleased that the recent bidding for some of Nigeria's power generation and distribution companies had been considered transparent and fair by the international business community.