‘Islamic Finance Can Create Jobs, Unlock Opportunities For Nigerian Youths’

Abdulmajeed Alaro, a Professor of Islamic Finance and Law, has identified Islamic finance as a potential solution to Nigeria's unemployment crisis. He urged financial institutions to channel more funds into youth-led enterprises, agriculture, and other productive sectors. Alaro emphasized that expanding access to Sharia-compliant financing could help young Nigerians turn business ideas into viable enterprises, create employment, and stimulate economic activities.

The professor spoke at the Islamic Finance Youth Summit organized by NEXTIF in Ilorin, Kwara State, where he highlighted the challenges faced by young entrepreneurs, smallholder farmers, women entrepreneurs, and graduates with digital skills who lack access to affordable financing.

Brief written by urgent.news from Daily Trust's own syndicated text. Machine-written — may contain errors; check the original before relying on it.