Entrepreneurship: Expert Laments Inconsistency in Government Policies

A finance expert, Dr Joseph Falaye, has blamed inadequate entrepreneurship development in the country to inconsistency in government policies and programmes.

Falaye, a lecturer in the Finance and Account Department, Landmark University, made this assertion in an interview with the News Agency of Nigeria (NAN) in Omu-Aran, Kwara, on Wednesday.

He noted that lack of continuity in implementing government’s long-term framework on entrepreneurship development plans was doing more harm than good to transforming the sector.

“Things must be well coordinated, especially at the level of government to achieve the desired result.

“There has been the lack of workable vision and sustainable development mechanism towards utilising entrepreneurship as a viable alternative for economic recovery.

“Policies, programmes and ideas of successive governments in the country have been lopsided.

“They have remained stagnant, subjected to individual influence and inconsistency contrary to what obtains in developed economies,” he said.

Falaye said appointment into headship of the nation’s financial body such as the Central Bank of Nigeria (CBN) should be on merit, devoid of any political interference to move the sector forward.

He also lamented the difficulties in accessing credit facilities and lack of adequate feedbacks on government public intervention programmes to address the grey areas.

Falaye said that irregular financial regimes as regards the lending rate by successive administrations had continued to dampen the morale of potential entrepreneurs in the country.

“The problem persisted in spite of the genuine passion, interest and efficient productive mindset shown by these teeming unemployed youths,’’ he said.

The don called for a synergy between the three tiers of government in the areas of adequate financial backing and infrastructure to boost investment in entrepreneurial and skill acquisition development.

Source: NAN

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