Prime Minister Elijah Ngurare said the government has set aside funding to support graduates' business ideas and innovations.
Speaking at the International University of Managment's (IUM) graduation ceremony in Windhoek today, Dr Ngurare urged the graduates to use education to help solve national issues such as reducing unemployment.
"Graduates, you have N$500 million available for you to make your dreams a reality, including the dreams of African sciences, mostly, including factories, including book space, including social media, and including any dreams I have ever had. You have it. So therefore, when we say as a government, we are committed to making sure that we invest in your dream, education must assist us to solve problems that we are facing. Education must assist us to fight the scourge of unemployment."
The IUM founder and council chair, Professor David Namwandi, states that the university established a water resource management and research centre to help address Namibia's water challenges and support government efforts.
He further states that the university aims to introduce nuclear energy engineering programmes in 2027 to help Namibia benefit more from its natural resources and strengthen local electricity production.
"This university has therefore become the first independent institution to establish a water resource management and research institution. To give additional services to address water-resources management challenges facing our country. And complement our government in this very important sector. We will embark on offering programmes in nuclear energy engineering. So that Namibia can maximise the use of its uranium resources to generate electricity instead of importing."
IUM's vice-chancellor, Professor Osmund Mwandemele, says the university will continue to empower future generations through education and innovation to contribute to national and global development.
"We commit ourselves to continue undertaking the task of moulding future generations of enlightened great minds so that they too can make impactful achievements by generating the knowledge and skills to drive social and economic development in groups locally and globally."
A total of 3,285 students graduated, with 101 obtaining master's degrees and 10 graduating at the PhD level.