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Elumelu Tasks Nation’s Entrepreneurs on Innovation to Achieve Sustainable Development
By Olamide Abey
Mr Tony Elumelu, the Chairman, Heir Holdings, has stressed the need for nation’s entrepreneurs to embrace innovations so as to achieve sustainable national development.
Elumelu, represented by Mr Adim Jibunoh, the Chief Executive Officer, Transcorp Nigeria Plc, disclosed this on Friday during the 9th Convocation Lecture of Bells Technology, Ota,Ogun.
Ogun Today reports that the Lecture had the theme: The New Generation of African SMEs:The Diverse and Inspiring Experience of 3000 + Tony Elumelu “
He noted that many technologies that the country and other African countries experienced today was a result of innovations embraced by those entrepreneurs in these countries.
”The growth and development of any nation’s largely depends on the crops of entrepreneurs. ”he said .
Elumelu explained that entrepreneurs forestall new product, idea as well as leveraging technology to boost any economy.
He said that Nigeria and other African countries needed to create sell able solutions by leveraging on technology so as reduce dependence on foreign countries.
Elumelu, however, advised the Federal Government to make policies that make Small and Medium Entrepreneurs (smes) in order to gavanise the economy.
”This SMEs are critical sector of the economy that has potential to drive the Federal Government ‘s diversification agenda, ” he said.
He also said that entrepreneurs had a key roles to play in the economic and national development of Nigeria and other African countries.
Dr Kola Jamodu, the Pro-Chancellor and Chairman of Council of the institution, said that the SMEs had played and would continue to play significant roles in the growth and development and industrialization of many economy in the world.
Jamodu noted that in Nigeria there were renewed interest in the contributions of small firms to innovations -based growth and jobs creation.
Dr Emmanuel Egbogah, the President and Chairman, Board of Trustees, Bells University, said that the SMEs was the largest source of employment and constitutes the backbone of almost every economy .
Egbogah said Nigeria and other African countries could achieve economic growth and development through the emergency of strong SMEs.