A Non Governmental Organisation, Unic Foundation, through its President, Dr. Christopher Imumolen, has proffered solution to help nurture and sustain the nation’s economy.
He also called for more social entrepreneurs in the country to come onboard the economic train to salvage the nation.
Dr. Imumolen, who spoke at a news conference in Lagos, said the call became imperative because of the poverty rate in the country and the need for government to do more to tackle the economic challenges facing the country.
At the news briefing in Lagos, with the theme: “Tackling the Economic Downturn in Nigeria: The role of the Federal Government and Unic Foundation in reviving the economy,” the NGO president said the country needs to build more social entrepreneurs.
For that to happen he said “the Federal Government has to step up to its social welfare role to her citizens.
“Majority of businesses in Nigeria don’t go past two years as a result of various factors.
“Hence, people need to be taught entrepreneurial skills to reduce the burden of placing their hopes on the government for job creation.
“While, we commend the government for taking us out of recession technically, they need to be advised that when entrepreneurs create social amenities they should be given tax waivers as compensation, which is what obtains in countries like Rwanda and Malaysia among others.
“People who use generators to run their businesses should be given tax incentives because government is supposed to provide power though we know that the power sector has been privatised.”
Explaining further the role of Unic Foundation in helping the Federal Government in the process of nation building, Dr. Imumolen, also the President of the Oil and Gas Education and Research Institute, said the foundation was set up because of the deficiency in employment and empowerment.
He said: “Let me restate that we at the UNIC Foundation have been doing more in the area of scholarships using the World Bank model to ensure transparency and spread.
“We provide that space of who the people turn to in times like these.
“UNIC Foundation also gives grants to businessmen, women and the youth to sustain their various businesses with workable mechanism to effectively monitor their steady progressive after intensive training.”
He said the foundation came up with a model which creates platform for people to learn and be empowered financially.
He observed that with the support of its partners, Unic Foundation has given out grants of between N200,000 and N500,000 to about 500 people within two months nationwide, with the target of supporting one million people in the nearest months.
Imumolen said his organization will give educative, informative and refreshing modern business tips to entrepreneurs on May 21, 2019 at the Oriental Hotel in Lagos and will use the opportunity to further discuss the way forward for the Nigerian economy.