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Friday 11 February 2011

CFA 50BN fund to tackle rising youth unemployment is possible and realistic

The president issued the controversial appeal yesterday while addressing the Cameroonian youth and unveiled his long awaited speech and deal with the youth.

He acknowledged the total failure of its policy and its idea of a big society. Completely out off touch with the youth.

Paul Biya is completely out off touch with the youth. Mr Biya told the youth <..I am aware, please believe me, what are your concerns about your future. I can imagine the disappointment of those who, after long years of studies, struggle to find employment corresponding to qualifications. Discouragement of those who, without qualifications, have, at best, such as perspective, of precarious employment. Feelings of injustice to those who, deprived of any hope feel rejected by society...>.

After 28 years in power,  Paul Biya still want the youth to believe in him and to continue to trust him as he appeared to be the only one who can give them a better future. Nothing in that political speech yesterday showed that Mr Biya is ready to boost the economy and to give the youth a chance that they have been expecting for so long.

Gicam members awaiting Biya`s signal for
job creation


 Right as a politician he promised so many things and projects that are still on the way and many more that are still only on papers. To reduce the unemployment amount the youth, he ordered a recruitment of 25,000 more Young's graduates from the universities to join the public services and add to the over 125,000 public servants working for the government.

Those new recruits are just going to join Biya`s army of voters in public services and help grow the rank of voters.

In others countries where youth unemployment is rising, ideas of revolution and economy boosted are being discussed. Biya  for example could have ordered the creation of a national fund to help reduce or fight youth unemployment. At the moment there are 52 government spending`s budget and only 2 departments with less than CFA1billion.


So the national fund to boost job creation for the youth will have already CFA50 billion for this financial year with any single government department injecting CFA1billion in that special fund. Also government could after agreement encourage banks to lend money to struggling small businesses. They can create more jobs for the youth and just need government support.

CFA billions have been waisted by those former government ministers that have been arrested and put in jail and accused of embezzlment for more than CFA1000 billion. There is no way Paul Biya will say that there is no money available for that particular fund for job creation for the youth. The money is there. The money can be found in the government expenditures pocket for this financial year and before the election.

There is already a national employment fund that has been created by the government and whose activities are not well understood and even the World Bank has encouraged long time ago the government to privatise that fund in order to avoid any clash between the chief executive officer and the minister of labor who is the chairman of the national executive council. and to become more effective and also competitive as an agency with aims to create jobs and not just acting as job placement for his clients.

All are been appointed by the president and sometimes they have different point of view on how to create jobs and to encourage the youth. Biya deal with the youth is a head versus heart.

Your head tells you that Paul Biya is probably right to ask young people to put their trust in him for their future and you heart says we have heard this for so long and nothing has changed since.

The truth is Paul Biya is out of touch with the youth even still has the power to make things happen. The more longer he stays in power and more corrupted his regime became and there will be no chance and no future for the youth.

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