The Federal Government has urged entrepreneurs to complement government’s effort in creating more jobs for the teeming unemployed Nigerians in the country.
Speaking at the Award Night of Nigeria Fast Growth 50 Entrepreneurial Records in Lagos, organised by AllWorld Newtwork in partnership with the Tony Elumelu Foundation, the Minister of Industry, Trade and Investment, (MITI), Mr. Olusegun Aganga, stated that government would back up entrepreneurs who are ready to create more jobs for the teeming unemployed Nigerians.
According to him, “Government is committed to creating an enabling environment for businesses to strive. We will support entrepreneurs as they are the drivers of job creation and economic growth. You are the most important sector in any economy. We are celebrating hard work and creativity because you have managed to see opportunity where many see challenges.”
Also speaking, Professor Michael Porter commended the 50 Nigeria Entrepreneurs who had distinguished themselves by creating over 6,500 jobs and making returns of over 100 percent in their businesses.
According to him, “The Federal Government of Nigeria needs to create an enabling environment because there are great potentials in the country. The system has held the potentials down. Growth does not happen anywhere in the world without the active participation of the private sector. There must be capacity building for entrepreneurs to raise their profile, as well as making them visible.
“This Nigeria 50 entrepreneurs being celebrated today have potentials to create more jobs if given the right environment. What is affecting the growth of this economy is the system that is being operated. Once the system is corrected, there will be growth because Nigeria has talent and knowledge. There is nowhere in the world where entrepreneurs can make 100 percent returns on their investment, so these people must be encouraged”
In his own remark, Mr.Tony Elumelu, said, “The future and success of Nigeria and Africa depend on the entrepreneurs. There is greater optimism that Nigeria and indeed Africa will be a better place to invest once there is enabling environment. If these 50 Nigerians being celebrated today can make average returns of over 100 percent and employ 6,600 people in a difficult terrain, then you can see that they will do greater than this once there is a right environment.
He further advised the private sector not to criticise the government but to work with them towards creating enabling environment.
It should be noted that Allworld Network in partnership with Tony Elumelu Foundation announced the winners of the Nigeria Fast Growth 50 (Nigeria 50), a ranking of the 50 of the fast growing private sector (non listed companies in Nigeria.) The Nigeria 50 broke Allworld records, with each company growing at an average 100 percent a year revenues of $9 million USD and as a group they have created 6,600 jobs.