- ‘Govt Needs to Harness Entrepreneurs’ Potential’
The inability of government at all levels to harness the full potential of entrepreneurs is limiting the growth of the Nigerian economy.
The President, African Economic Merit Awards, Mr McEva Temofe said this in a statement made available to journalists in Abuja.
He said while the rate of entrepreneurship across the globe was on the rise, the numbers of unemployed youths in African countries kept rising.
With a majority of African countries diversifying from traditional sources of income, he said entrepreneurship was increasingly seen as a key to economic growth.
He said, “So far, entrepreneurship has yielded huge returns for entrepreneurs, and according to experts, there lies great untapped potential to drive the African continent into its next phase of development.
According to Temofe, the African Economic Merit Awards is aimed at recognising the drive for entrepreneurship.
He said, “This is a platform built on merit to pioneer growth for Africans and give Africa an economic face lift.
“We seek to recognise, encourage and charge established individuals, corporate and governmental bodies on the importance of driving economic growth in education, agriculture, health and technology with a view to reaching out not only to the grassroots but also to improve the standards of living of all Africans.”