While addressing the opening session of the 24th Dhaka International Trade Fair (DITF-2019) at Sher-e-Bangla Nagar on Wednesday, President M Abdul Hamid urged business community to come forward to create more job opportunities for the country’s youths. The president also addressed the need for creating entrepreneurs to reduce the country’s swelling unemployment rate. Unemployment problem has long been a perpetual dilemma in Bangladesh. There is no denying that the country has achieved remarkable economic growth over the last years but unemployment is still one of the major problems hindering holistic development. Still employment opportunities are not available comparing the number of labour force entering the job market every year. Moreover, inconsistency between job market and education system has contributed to swelling of the number of educated unemployed.
Reports show that currently the number of youths, who are not involved in employment, education and training, is 74 lakh. In such a situation it is important to encourage youths to become entrepreneurs by offering easy loans. We need to instill a culture of entrepreneurship into our students. Though entrepreneurship does not constitute such a social security as employment in large companies, still it can reduce the country’s growing unemployment and contribute to economic growth. It is therefore necessary to adopt measures that will help people become self-employed to achieve a dignified life. We expect that by creating entrepreneurs we can reduce the pressure on the country’s job markets and reinforce the country’s economic growth.
Entrepreneurship is indispensable for a country’s economic development and in order to encourage entrepreneurship, we must disseminate education on it. Though such education has already been integrated in developing countries to create awareness and motivate fresh graduates to take up business as profession, such subjects or majors have not been widely covered in the various levels of education system in our country. Hence, the departments concerned should look into this issue with due seriousness. Also in order to encourage more youths to take business as their profession, there is a need to create a supportive atmosphere for the fresher and budding young entrepreneurs and facilitate them with appropriate tools.