By Lucy Ogalue

The Abuja Chamber of Commerce and Industry (ACCI) has announced plans to establish a Continental University aimed at addressing the skills gap across Africa.

The President of ACCI, Dr Emeka Obegolu, said this at the chamber’s Annual General Meeting (AGM) in Abuja.

According to Obegolu, a Senior Advocate of Nigeria (SAN), the proposed university, known as the ACCI Continental University, will provide hybrid online and full-time education.

He said the institution would operate as a truly pan-African university, offering training in five major languages including English, French, Arabic, Portuguese, and Swahili.

According to the ACCI boss, the diverse languages will serve the diverse regions of the continent.

“We are engaging with the Nigerian Universities Commission (NUC) to secure approval for the university.

“The facilities are already in place, and we are consulting with international education specialists to design a comprehensive curriculum, particularly for the language components,” Obegolu said.

He said that the university would focus on equipping students with practical and technical skills tailored to meet the demands of the labour market.

The ACCI president restated the need to address the mismatch between university graduates’ qualifications and the skills required by industries.

“It is no longer enough to graduate with degrees in political science or sociology without the necessary foundational skills.

“Many of these graduates end up in unrelated fields, such as banking, without adequate preparation,” he said.

The ACCI president added that the university would support businesses by providing trained personnel in high-demand fields such as carpentry, medicine, and other vocational areas.

Obegolu also emphasised that the university would bridge the gap in skilled manpower across the continent, ensuring businesses had access to a workforce tailored to their specific needs.

On the timeline for the university’s launch, he said it would depend on the NUC’s approval.

“We are ready on our part, but the timeline is subject to the NUC’s decision. Once we secure their approval, we will announce a definitive schedule.

“I am calling on the media to support the initiative by promoting its vision and objectives, which aligns with fostering economic growth and reducing unemployment across Africa,” he said.

According to Obegolu, the year 2024 has been challenging for many businesses as they continued to stay afloat without sinking.

“The Chamba is a sub-component of Nigeria, so businesses have not had it easy for 2024, but again, there are pointers that 2025 may be better.

“If we are able, as a country, to deal with the stability of our national currency, the Naira , it will help businesses to plan ahead.

“The challenge we faced in 2024 is the inability of businesses to plan because without knowing what the exchange rate will be, it is difficult for businesses to plan.

“So what they resorted to was more of gambling, and some won, some lost. So businesses thrived, some businesses also suffered and shut down,” Obegolu said.

On projections for 2025, Obegolu said the ACCl would focus on advocating for the development of the Idu Industrial District, as it had the potential to support employment in the country.

According to him, the hub will support industrialisation and the economy of the Federal Capital Territory.

Obegolu therefore reiterated the importance for state governments to set up a minimum of one or two industrial districts with dedicated power, infrastructure, and everything needed for businesses to thrive.

On the increased inflation rate, Obegolu said instability rather than rate increase was the challenge, thus the importance of regulating the Naira to enable businesses to plan.

On the increased inflation rate, Obegolu said the major challenge was the instability of the naira, thus the importance of regulating the naira to enable businesses to plan.

While commending the Chamber for the strides achieved over the years, its First Deputy President, Prof Adesoji Adesugba, reiterated the importance of collaboration among members.

Adesugba said, “We can only be stronger as an organisation when we work together.”

Also, the ACCI Second Deputy president, Dr Aliyu Hong, commended the vision, courage, and boldness of the chamber’s president.

“We have a formidable president who is thinking for tomorrow and not today. That is why we have been able to achieve the things we have achieved today.

“I want to urge members to take advantage of the initiatives we have at the chamber as they provide basic solutions to most of the problems we face as a business,” he said.

The President, Calabar Chamber of Commerce, Mr David Etim, urged the government to include the private sector in its projects as it was a major way of growing the economy. (NAN)

Edited by Emmanuel Yashim