An Economist, Mr Samson Akinyosoye, on Monday urged Nigerians and the three tiers of government to pay more attention to creation of innovative skills through encouragement of entrepreneurship.
Akinyosoye, a former Secretary-General, Nigerian Institute of Architects (NIA), Lagos Chapter, gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos.
He said entrepreneurship was borne out of passion, stressing that both the government and citizens have no passion for entrepreneurship.
According to him, more than 70 per cent of business ventures in the country collapsed within an interval of five years of inception.
He said that Nigerians were creative and had the potential to bring the emergence of Africa technology to reality through positive innovation and entrepreneurship.
Akinyosoye noted that manufacturers only needed support and encouragement from the governments, individuals and organisations to bring their creative minds to the fore.
He added that some establishments do not value innovation and as such was not thinking in the direction of advancing the production scope and technological know-how of the citizenry.
He further stated that it will be difficult for entrepreneurship to thrive in Nigeria due to lack of financial support, encouragement, initiatives and mentoring or credit.
Hence, charging the country to be productive saying, China is what it is today because of their commitment to entrepreneurship.
Akinyosoye said fifty years ago China was like Nigeria, but due to dedication and encouragement to entrepreneurship, it has grown to become one of the leading producing countries in Africa, adding that Nigeria could do better, if the government can prioritise entrepreneurship and encourage activities of the manufacturers.
He called for encouragement and mentoring of the young ones to go into science innovation and production that would develop and enhance Nigerian manufacturing base.
Akinyosoye noted that if the nation’s economy must grow to become one of the leading countries, the issue of entrepreneurship development must be given serious concern.
The economist urged the Federal Government not to relent in its fight against corruption, and ensure stable electricity, transportation network and relax visa regime, among others.