The JODOR Asset Management (J.A.M) Ltd says its Global Commodity Conference (GCC2020) will spur between 20 and 40 million regional jobs for Nigerian youths.
Mr Nduka Ofulue, the Founder and Chief Executive Officer of J.A.M, said on Wednesday in Abuja that the conference will hold from Sept. 20 to Sept. 21 with the theme “Inflation, the New Pandemic: Price Stability and Monetary Challenges in a COVID-19 Business Environment’’.
“A multi-Strata commodity ecosystem consisting of all aggregate sub-parts of the system will generate 20 to 40 million jobs for all parties engaged in the ecosystem,’’ he said.
He noted that the conference, focused on opening market opportunities for creation of jobs, would be a game-changer for Nigeria and Africa.
He said the conference would allow for candid conversations to unlock value and economic potential in Nigeria’s commodity markets and other sectors of the economy.
“In the current climate, many businesses and state government must keep rethinking their short to mid term strategy to pay salaries of staff and civil servants.
“We cannot continue to do things the way we have done in the last years and expect different results.
“The Nigerian economy has done fairly okay, but it can do much better. The National currency (Naira) lost almost 200 per cent of its value in years.
“Same time price of commodity products have adjusted in excess of 100-300 per cent. COVID-19 may have exposed our weaknesses but we can still turn the Nigerian economy around,’’ he said.
Ofulue advised government to rejig certain policies and introduce new strategies to enable the Naira to find its footing.
He called on the Federal Government to provide more support to Nigerian young farmers, business exporters and technological entrepreneurs.
He said this would stimulate them to develop scalable systems and improved technology to boost productivity across industries.
Ofulue said that the emergence of the GCC2020 conference would make several business executives to rethink and refocus on value creation and sustainability.
The summit will feature speakers from the Academia, Ministries, Departments and Agencies (MDAs) of government, including private industry and start-ups.