Sustaining development from
within
By JERRY OBIDIKE
Tuesday, April 22, 2008
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President
Yar'Adua
Photo: THE SUN PUBLISHING
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As a compendium of entrepreneurial ideas, skills, and knowledge,
the book, Building a Virile Nation lays emphasis on entrepreneurship
at this critical stage of the nation’s development.
Since the economy is currently not in good shape, only a well
focused and unrelenting industrialization will save the economy
from total collapse.
Contemporary knowledge across the world has confirmed that
a nation’s march towards economic development starts
with the establishment of strong industrial base of which
small and medium scale enterprises provide the building blocks.
The emphasis on small and medium enterprises is predicated
on their multi-dimensional impact on the economy which includes
greater utilization of local raw materials, employment generation,
encouragement of rural development, mobilization of local
savings, development of entrepreneurship, among others.
Thus, the author, a strong player in the sector, has distilled
over twenty years of his wide experience and learning into
a book for the benefit of other players and up coming entrepreneurs.
This is aimed at making Nigeria achieve her dream of becoming
one of the top twenty players in the world economy in the
year 2020.
The book is divided into two segments which are well arranged
to make for easy reading and understanding of the subjects
treated. The first part deals with speeches, seminar papers,
keynote addresses and lectures which the author had earlier
presented to esteemed audiences in the course of his highly
entrepreneurial career.
The second set of write-ups in the book include published
articles in the dailies spanning almost a decade. The author
produced the articles in this volume for easy accessibility
to people as an effective way of highlighting the diverse
issues of nation-building that a country needs to focus her
attention on.
In the discourse entitled Repositioning the Industrial Sector
for National Economic Development in a Fledgling Democracy
the author offers a blueprint on the way forward for the industrial
sector in the nation’s democratic experience often described
as nascent.
This is in view of the fact that Nigeria’s democracy
when compared to other established democracies of the world
could be said to be backward owing to long military interregnum.
There is no doubt that the state of a country’s democracy
has direct impact on the industrial sector. With the advantage
of a player in the industrial sector, the author brings his
experience to bear on the way forward for the nation’s
democracy and the industrial sector.
Also, the state of security of a nation is one of the major
areas investors must consider before deciding on where to
invest their resources. Therefore, in order to attract foreign
investment, the state of security must be seen to be adequate.
This is the focus of “State of Security and the Quest
for Direct foreign investment in flow in Nigeria - the Manufacturer’s
Assessment”. In this piece, the author attempts an informed
analysis of the state of the nation’s security from
the manufacturer’s point of view. It is worthy of note
that there is a disconnection between the real state of security
in the nation and what is being projected to the outside world,
especially by the foreign media.
The country is projected as a theatre of war, a place unsafe
for investments, but that is far from the truth. Granted that
there are some threats to security but the government is seriously
rising to the challenge. Another piece in this book entitled,
The collapse of social structures and the problems of corruption
in Nigeria. The hydra-headed monster called corruption has
no doubt, dealt a deadly blow on the nations’psyche
resulting in the collapse of social structures amongst other
woes. What do we mean by collapse of social structures? What
are these structures and how do we come out of this quagmire?
All these are discussed in this piece.
In The Challenge of National Economic Revival: the Role of
Banks, the author highlights the role of banks as catalysts
in the onerous task of economic revival.
The business and professional environment today has become
so competitive that only those prepared and armed with requisite
skills for survival pull their ways through. In Developing
a competitive edge in a competitive world, the author articulates
in a succinct manner what it takes to stay afloat in the competitive
world of today.
Enhancing G-8 intra trade is a paper aimed at encouraging
business and investments amongst the G-8 countries. Delivered
at the summit of G-8 countries in Indonesia, the piece exposes
the opportunities for business integration amongst member
nations.
The business terrain in Nigeria and elsewhere is replete with
challenges. It is inclement to such an extent that people
venturing into business must be armed with necessary skills.
These survival strategies are aptly captured in Prerequisite
for and the challenges of starting a business.
On a general note, the topics and issues discussed in this
work are many and varied. Packaged with the touch of an entrepreneur
cum industrialist, the author’s views can be fully grasped
through an objective reading and interpretation of the book.
No doubt, the book is a critical resource for anyone who wants
to understand the problems facing the Nigerian economy as
well as identify the way forward especially from the perspective
of the private sector.
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