Years ago, judging from an average Nigerian's view point of change, which is government/governance the only tool of socio-economic reconstruction. Recently I have come to note that most young minds have come to see that real power lies within the mental exercise that shows each person's psychological capability. This mental strength can be properly harnessed through an organized private and personal effort...these I would say is called ENTREPRENEURSHIP.
Most outstanding entrepreneurs of our time have received the baptism of fire, with the wave of crime and violence that sweep through Nigeria, these a lot of young creative minds have feared to face, they go into recession when the battle is just beginning. Success they say doesn't mean one would not fall, but the refusal to stay down.
The concrete solution to the upheaval in some difficult regions such as the Niger delta is the power of honesty, sincerity, transparency and the will to do good right. Most young entrepreneurs do not have good, well thought out panacea for the prosperity of the region in which they are situated, their services are limited, also no prospective principles have been backed with a commensurate political will that is crucial to making such young entrepreneurs have a change In mind and bring good will into reality for the benefit of a striving economy.
Let us face these facts on most entrepreneurial tales bruited around the country, the tariff structure, taxes and domestic incentives helps crush 80% of young small scale establishments in Nigeria. The question of wealth generated within an economy ought to be shared between the government and private sector, this problem with tariffs and taxes is also seen at another level, the design of fines and penalties for errant conduct, these should be structured in a manner that they are not so low that they do not discourage the conduct that they are meant to, conversely, they ought not to be so high that they encourage persons who fall afoul of the relevant statutes to seek ways of avoiding payment.
A lot in our striving economy can really discourage one, and leave all ideas a paper work. Opportunities are everywhere and lots of needs need to be met, notwithstanding the political tremor and insecurity; entrepreneurship still seems to be the only way out of the economic Turmoil.
Most outstanding entrepreneurs of our time have received the baptism of fire, with the wave of crime and violence that sweep through Nigeria, these a lot of young creative minds have feared to face, they go into recession when the battle is just beginning. Success they say doesn't mean one would not fall, but the refusal to stay down.
The concrete solution to the upheaval in some difficult regions such as the Niger delta is the power of honesty, sincerity, transparency and the will to do good right. Most young entrepreneurs do not have good, well thought out panacea for the prosperity of the region in which they are situated, their services are limited, also no prospective principles have been backed with a commensurate political will that is crucial to making such young entrepreneurs have a change In mind and bring good will into reality for the benefit of a striving economy.
Let us face these facts on most entrepreneurial tales bruited around the country, the tariff structure, taxes and domestic incentives helps crush 80% of young small scale establishments in Nigeria. The question of wealth generated within an economy ought to be shared between the government and private sector, this problem with tariffs and taxes is also seen at another level, the design of fines and penalties for errant conduct, these should be structured in a manner that they are not so low that they do not discourage the conduct that they are meant to, conversely, they ought not to be so high that they encourage persons who fall afoul of the relevant statutes to seek ways of avoiding payment.
A lot in our striving economy can really discourage one, and leave all ideas a paper work. Opportunities are everywhere and lots of needs need to be met, notwithstanding the political tremor and insecurity; entrepreneurship still seems to be the only way out of the economic Turmoil.
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