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Development Agencies, Govt Can Support Business – Expert

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A development economist, Lustrati Alessandra, has said that partnerships between the government, development agencies and the business sector in the country will encourage entrepreneurship.
While delivering a keynote address at the third edition of the Lagos Enterprise Day, Alessandra noted that the utilisation of private sector development strategies such as improving policies, laws and regulations affecting business as well as improving access to skills, information, finance, infrastructure and markets would make businesses to thrive.
“These efforts should provide a more conducive context for young entrepreneurs to launch and develop their start-ups, thereby generating sustainable self-employment, local income and expanded choices in terms of availability of goods and services at the base of the pyramid,” she said.
Addressing entrepreneurs from the Lagos State Technical and Vocational Education Board, Alessandra encouraged them to join business networks, trade associations and providers of business development, financial and other services to enterprises.
She recounted some of her experiences in supporting skilled and dynamic entrepreneurs who were able to tackle the challenges and grasp opportunities in the market due to their creativity and business acumen.
The Deputy Governor of Lagos State, Dr. Oluranti Adebule, noted that despite the abundance of trained technicians in the country, there was still preference for people with the same skills from neighbouring West African countries by corporate organisations and individuals.
She encouraged the technicians to be professional in their practice in order to be at par with expatriates known for their professional expertise.
“This initiative is aimed at creating a platform for technical college students to learn the right attitude towards becoming job creators and successful business owners from developed entrepreneurs. It is a good strategy for wealth creation and employment through technical partnership with industry stakeholders,” Adebule said.
The Executive Secretary, LASTVEB, Mr. Olawunmi Gasper, said the Enterprise Day was an avenue for the board to inaugurate the Young Entrepreneurs’ Club aimed at providing motivation, guidance and collaboration to young business leaders.
He said the club was in alignment with the mandate of the board to stem unemployment, restiveness and create opportunities and jobs for the youth.

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