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Obasanjo Seeks Support For Entreprenuers
Former President Olusegun Obasanjo

Obasanjo Seeks Support For Entreprenuers

FORMER President Olusegun Obasanjo and a group, Entrepreneurs’ Organisation of Nigeria (EON), have called on the Federal Government to give more support to entrepreneurs to transform the economy.

They spoke at this year’s edition of Leadership Insight and Experiences Seminar at the Green Legacy Resort, Abeokuta, Ogun State, which ended at the weekend.

The call came against the background of declining oil prices, murky economic outlook and perceived policy inadequacies on investments.

Obasanjo, who was speaker at the seminar, attributed the nation’s economic plight to failure on the part of the leadership, adding that the three factors responsible for effective and responsible management of the economy or any worthy institution “is leadership, leadership and leadership”.

He said: “We are witnessing a downturn in the economy now because the leadership has failed in its responsibility to deliver factors that will encourage entrepreneurship.

“If leadership is not okay, followership will be wrong and as they say in the military parlance, there is no bad soldier, but bad officers. So, the leadership must work to ensure the economy is well-managed, that there is social cohesion, that the expectations of the youths and business leaders are met while also pursuing policies, laws and regulations that ensure sustenance of any investment in the economy.

He urged the entrepreneurs at the seminar not to be deterred by the myriad of challenges facing businesses, especially in Nigeria, but to always see the abundant opportunities waiting to be explored.

the Education Chair of the entrepreneurs’ organisation, Lere Baale, said entrepreneurs, as calculated risk takers, need the support of government to provide an enabling environment conducive to encourage risk and ventures.

“Political leaders drive economic direction through policies, laws and regulations that encourage investment and it is the responsibility of the leadership and government to provide this all important platform for economic growth and transformation,” Baale, who is the chief executive officer (CEO), Business School Netherlands, explained.

He added that the EON, as the only peer-to-peer network of entrepreneurs in the country, was determined to inspire entrepreneurship through programmes developed to provide the tools and resources business leaders needed  to sustain themselves, especially with the nation’s harsh economic reality.

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