Africa Press-Nigeria:
The Africa’s Young Entrepreneurs’ has urged President Muhammadu Buhari and all the 36 governors to allow entrepreneurs provide solutions to all the country’s socio- economic challenges.
Its National Head, Mr. Olubunmi Oluwadare, in an open letter to President Buhari and the 36 governors, said the organisation had taken its time to re-identify all the major challenges facing the country and was now appealing to the federal and state governments to allow deliberately stimulated entrepreneurial interventions all across the board.
Oluwadare noted that from its findings over the years with the Nigeria government institutions, he had come to realise that thousands of young visionary entrepreneurs local and from abroad, even foreign investors, had shown interests either now or in the past to solve the nation’s housing deficits, power challenges, road construction, water supply, manufacturing sectors, mining, agricultural development, among others.
He however lamented that government bureaucratic bottleneck, insecurity of lives and property, unstable government policies, bad laws, unfriendly monetary policies, bribery and corruption and delay in issuing needed permits and documentations, had been l major impediments.
Below is the full text of the open letter:
Good afternoon to all our Excellencies, most especially our dear Mr. President.
I am using this medium to call on your Excellencies to allow entrepreneurs to provide solutions to all our socio- economic challenges which we have been battling with for decades.
We have taken our time to re-identify all these major challenges and we are appealing to the Federal and State governments deliberately stimulated entrepreneurial Interventions all across the board.
It’s a known fact that our various governmental institutions Governors said thaterent leaderships have tried various programs /proposals with huge budgetary allocations in billions and trillions over the years to fix all these challenges, without any tangible results to show. Nigeria is still paying a steep price for those years of abysmal policy failures.
What do I mean by entrepreneurial Intervention, the practical example is not far-fetched and we all know that various governments from military to democratic regimes have spent huge sums of money to build, maintain and run the 3 crude oil refineries we have in Nigeria (Kaduna,Warri and Portharcourt refineries) without any tangible result recorded until all the refineries went moribund.
Having illustrated the story above and to buttress my point on what entrepreneurial Intervention is all about. Aliko Dangote,a Nigeria born serial entrepreneur stepped in when it dawned on us all, that government cannot muster the political will to do anything to revive the three moribund refineries ,the result of his Dangote industries’ Intervention is the ongoing construction of Dangote refinery, a 650,000 barrels per day (bpd) integrated refinery and petrochemical project under construction in Ibeju-lekki, Lagos, Nigeria.
