He described the rising rate of unemployment as the greatest challenge facing the country, warning that failure to empower the youth could give Nigeria problems, according to the News Agency of Nigeria.
He emphasised the need for young Nigerian graduates to change their mindset about the labour market, stressing that in spite of the challenges, Nigeria remained a land of limitless opportunities.
Emefiele, an alumnus of the university, urged the graduates to strive to be job creators and entrepreneurs rather than being job seekers.
He said the CBN, as part of its efforts to address unemployment and promote entrepreneurship; the bank had designed and formulated policies and programmes aimed at making meaningful impact in the real sector.
The CBN chief encouraged the graduates and youths with not more than five years post-service experience to take advantage of the CBN Youth Entrepreneurship Development Programme.
According to him, the programme is run in collaboration with other banks and the National Youth Service Corps.
He also urged the graduates to take cognisance of the opportunities in their respective environments to motivate themselves by creating innovative ideas and turning their ideas into profitable ventures.
Earlier in is his address, the Vice-Chancellor of the university, Prof. Benjamin Ozumba, described the convocation lecture as one of the prestigious public lectures hosted by the university.
He said the privilege of delivering the lecture was usually reserved for men and women, whose achievements would motivate and inspire graduates and the entire university community for greater achievements.
Ozumba used the occasion to call for adequate funding of some ongoing projects in the institution.
He said that the projects would not only boost entrepreneurship and innovation, but also help to curb youth restiveness in the country. SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>