Entrepreneurship and Business Development in Africa: Matters Arising!

Entrepreneurship and Business Development in Africa: Matters Arising!

The recent changes in the global economic terrain have instigated the need to do things differently as it affects Africa as a continent. It will be out of place for mono-economic nation to still stick to the old way of doing things when there is a hand-writing on the wall going by the trend of diversification hence the need for business development in Africa. The time has come for the government to hand-over the economy to economic managers: entrepreneurs, investors and other prime movers of the economy while the government sits at a corner as economic regulators.

The economic stakeholders: the individuals, firms, institution and government must breezed up to the need in supporting business development especially as it regard to entrepreneurship which will enhance empowerments towards economic development. The government must give it all it takes and monitors it implementation.

For now we shall be focusing on Nigeria and her economy in this discuss considering that Nigeria is the destination of the world economy.

With the myriad of unemployment, the tenet of job security is no longer attainable; hence there is need for institutions of learning to equip their candidates with the technical know-how as they face the reality of life as soon as they left the four walls of class-room.

Just 3 weeks ago, I was asking some students about their plans after leaving school. I was shock with a heart-rending concern to come to terms that over 90% of student are still talking of looking for white-collar jobs after their course of study with less than 10% of them admitting that they have heard anything about self-employment let alone entrepreneurship! What a sorry situation we are in; a time bomb waiting to explode!

How long shall we continue to mislead these youth with the phrase “study hard to secure a job”? For crying out loud this is 21^st century; hence we need to tell them the truth about economic empowerment through entrepreneurship.