Speaking at the 2022 Faculty of Technology Conference held at the Obafemi Awolowo University, Ile-Ife, Osun State, former Vice Chancellor of the University of Lagos, Prof. Ramon Bello stated that there is a need to create 100 new businesses annually over the next 10 years for the nation to have hope of better economy.
Bello noted that the country is currently producing experts that could make its economy more productive and therefore advised that attention should be geared towards creating more entrepreneurs.
According to Prof. Bello, the Nigerian economy has translated into knowledge economy, which means the nation is turning out a lot of experts that are meant to be able to make things productive and from there move on to entrepreneurship – a direction that every economy is going to.
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He said, now that money being made available for new businesses through the Bank of Industry, we should have other funds available to be able to support younger entrepreneurs to ensure that they set up businesses.
