Nigerian government has been urged to reduce business entry barriers in the country in order to encourage entrepreneurship and promote economic development.
Chairman of the Global Board of Directors of Entrepreneurs Organisation (EO), Ivan Ting made the call during his visit to the Nigerian Chapter of EO, as part of his African Tour.
EO is a global business network of 12,000 leading entrepreneurs in 160 chapters and 50 countries, owing businesses that have minimum $1 million revenue annually.
Ting, a member of EO in Hongkong also said Nigerian government should look at the educational system, like what was done in Honkong, by building a long-term education that will develop capacity for entrepreneurship to ride on growing technology.
According to him, “It will not be skills that would require so much capital to start, but ideas and innovative mindset. We must look into how to educate our children so that they are not only good in English and mathematics but creative to be able to bring out required innovation and entrepreneurship.”
Ting who was excited about the entrepreneurs he met in Nigeria, said the country has a lot of potential in entrepreneurship.
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