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[WORLD POLITICS & REBRANDING] EGBA MONARCH URGES THE NIGERIAN GOVERNMENT TO INVEST IN SME’s

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The Alake and paramount Ruler of Egbaland, Oba Adedotun Gbadebo, has urged the Nigerian Government and the private sector to develop Small and Medium Enterprises (SMEs), to grow the nation’s economy.

The monarch stated this on Monday, while addressing newsmen on the activities heralding the 30th anniversary of Lisabi Festival, slated to hold from Monday, February 29 to March 6, 2016.

The theme of the celebration is “Creating Wealth through Small and Medium Enterprises.”

Oba Gbadebo noted that the current economic doldrums currently facing the country was as a result of neglect in developing SMEs by government, adding that the economy would jump-start if the enterprises were made viable.

The traditional ruler lamented that failure to develop SMEs was one of the major factor of unemployment in the country, while emphasising the need for government and the private sector to focus on the nation’s SME sector.
He said, “The failure of our economy is because of the failure of the small and medium scale enterprises because that area collapsed; that’s why we have so much unemployment. The small and medium scale enterprises employ far more people than government could ever imagine that it could employ.
“So, this is where we want every one of us to imagine ourselves as employers of labour. The way out of Nigeria’s economic chaos, the way out of the unemployment we have in this country, we want to emphasise that entrepreneurship is the answer. We have to be our own employers of labour.”

In his remarks, the Globacom Business Director, Ayo Ogunranti, commended the monarch for his relentless efforts in repositioning Egbaland for cultural and economic advancement.
He described SMEs as the engine room for moving the economy forward.
The chairman of the Lisabi Festival Committee, Chief Rasheed Raji, said this year’s celebration will be a remarkable one and that the annual event had ensured the unity of the various people of Egbaland.
Events lined up for the programme include booming of guns at the Olumo rock and football competition on Monday 29th.

A procession to the historic Lisabi forest by Obas, Chiefs, Baales, eminent personalities and others would take place on Saturday, March 5. It would be followed by homage by groups, associations, clubs as well as sons and daughters of Egbaland at the palace square later in the day.
The festival would be rounded-off with a thanksgiving service at the Cathedral of St Peter, Ake, Abeokuta on Sunday, March 6.

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