THE Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has urged the federal government to intensify efforts on programmes and activities geared towards entrepreneurial development. Bassey Edem, national president, NACCIMA, made the call during his keynote address at the opening ceremony of the 10th Abuja International Trade Fair, organised by Abuja Chamber of Commerce and Industry.
Edem says the relationship between entrepreneurship and economic growth or development wass multifaceted as it is widely believed entrepreneurship is beneficial for economic growth and development. He further urged government at all levels in Nigeria to boost the entrepreneurial capacity of its citizenry as it would go a long way to generate employment opportunities that would encourage economic growth and development in no distant future.
“The entrepreneurship effects on the growth of an economy just as any increase in the number of entrepreneurs may be interpreted as leading to increase in economic growth. This effect is as a result of the concrete expression of their skills and more precisely their propensity to innovate.”
On his part, Tony Ejinkeonye, president, Abuja Chamber of Commerce and Industry, said all the developed economies of the world today are all built on the bedrock of solid entrepreneurship. He appealed to the federal government to create more incentives that would encourage and boost the Small and Medium Enterprises, SMEs.
While commending the efforts of government in the sustenance of the power sector privatisation, which, according to him, would improve power supply for the benefit of manufacturers, he applauded its stand against corruption. Ejinkeonye stated that about 65 foreign exhibitors, seven countries and a host of other local exhibitors were among participants in this year’s edition of the fair, which has gained international recognition.
— Oct 12, 2015 @ 01:00 GMT