FG Launches En­trepreneur­ship Net­work

THISDAY - - BUSINESS WORLD -

Min­is­ter of State for In­dus­try, Trade and In­vest­ment, Aisha Abubakar has launched the Global En­trepreneur­ship Net­work (GEN).

The ini­tia­tive is a year round plat­form of pro­grammes and ini­tia­tives aimed at cre­at­ing one global en­tre­pre­neur­ial ecosys­tem.

GEN helps peo­ple in 160 coun­tries un­leash their ideas and turn them into promis­ing new ven­tures, cre­at­ing jobs, ac­cel­er­at­ing in­no­va­tion and strength­en­ing eco­nomic sta­bil­ity around the world.

The board is to be chaired by Peter Bamkole, while the Direc­tor Gen­eral of Small and Medium En­ter­prises Devel­op­ment Agency of Nige­ria (SMEDAN), Dikko Umaru Radda is also a mem­ber.

Abubakar em­pha­sised that SMEs have a ma­jor role in the eco­nomic re­cov­ery and growth plan and the trans­for­ma­tion of coun­try’s in­dus­trial sec­tor.

The min­is­ter de­scribed the plat­form as one step that will give ac­cess to mar­ket, growth op­por­tu­nity and build ca­pac­ity in terms of qual­ity of prod­uct and di­ver­si­fi­ca­tion. She also added that GEN will en­hance the SMEs fi­nan­cially in ad­di­tion to other in­cen­tives.

“I am very ex­cited be­cause there is no ex­tent to the limit our SMEs can grow both na­tion­ally and in­ter­na­tion­ally and how they are far­ing, “Abubakar said.

Bamkole stressed that though GEN ac­tiv­i­ties have al­ways taken place in the coun­try in the past seven years, as the Global En­trepreneur­ship Week (GEW), GEN Nige­ria was launched to har­monise en­tre­pre­neur­ial ac­tiv­i­ties around the coun­try and ex­pose the cre­ative en­deav­ours of Nige­ri­ans.

He added that ef­forts will be made to pro­mote a more en­tre­pre­neur­ial cul­ture by cel­e­brat­ing the suc­cess of Nige­rian busi­nesses and in­spir­ing the com­ing gen­er­a­tion.

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