Gowon urges Nigerian govt to key into SME philosophy

Former Head of State, General Yakubu Gowon, has urged the current administration of President Muhammadu Buhari, to holistically key into the Small and Medium Enterprise (SME), philosophy in order to help the country diversify it’s economy. 

Gowon gave this advice recently in Abuja, while speaking at the 22nd Annual LAPO Development Forum 2015, where he was the chairman of the occasion. The programme was tagged “Women Entrepreneurship Development: Issues, Opportunities and Approaches”

The elder statesman also noted that the 67 percent of youths, who are currently unemployed, should be encouraged to set up small businesses that will take them out of poverty.

According to him, the timing of the topic: “Women Entrepreneurship Development: Issues, Opportunities and Approaches” is quite auspicious at this point of our national development, particularly because it has become imperative for the Nigeria economy to embrace diversification. He said, “Across time, experts on economic development have made the point that developing economies must unleash the creative potentials of their citizens by stimulating and sustaining SMEs to grow the informal sector of the economy.

“One is, however, mindful of the legion of problems that beset SMEs in Nigeria today amongst these are the problems of energy; infrastructural deficit and inadequacy of take-off grant which must be substantially addressed. At the same time, the capacity of citizens must constantly be upgraded for operators to make meaningful contributions to the national economy,” he stressed.

He also implored Nigerians to support the anti-corruption drive of President Muhammadu Buhari. “The government’s zero tolerance for corruption must be supported by Nigerians, especially because corruption frustrates entrepreneurship,” he admonished.

Founder of LAPO, Dr. Godwin Ehigiamusoe, said at the occasion that the organisation has continued to demonstrate uncommon commitment to the realisation of institutional objectives and emerging as one of the leading community development organisations in Africa.