July 30, (THEWILL) – The Nigerian Institute of Management, NIM, has urged the Central Bank of Nigeria, CBN, to come up with policies that will facilitate access to credit by entrepreneurs.
The NIM made this known in a 20-point communiqué, issued at the end of its Zonal Summit in Calabar, which had as its theme, “Managing Entrepreneurship Development: A Shift From Service Economy to Production Economy.”
The communiqué was signed by Professor Jude Nwoka, FNIM (Chairman), Naomi Igbaji, MNIM (Secretary) and Peter Edieya FNIM (Member).
It stated in part, “Access to credit and financing which has remained one of the most insurmountable problems of business in Nigeria must be made as seamless and easy as possible.
“The Central Bank of Nigeria (CBN) and other critical agencies of Government must come up with policies that will facilitate access to finance by entrepreneurs.
“SWOT Analysis should be carried out on the prevailing challenges in order to arrive at SMART objectives that will aid in moving the Country from Service to Production Economy.
“The reality today should be the changing entrepreneurship that is addressing economic crisis tools to the redefined model of economic development.
“Entrepreneurship should be creative production as one of the ways to alleviate poverty. Therefore, the basis of the 21st Century should be to focus on overcoming the challenges of time, security, trust, revenue generation, competition and transition by the Government creating an enabling environment.”
Earlier, President and Chairman of Council, Nigerian Institute of Management (Chartered) Dr (Mrs) Christiana Atako, FNIM, NPOM, said “The theme of the summit as it is apt for the times we are in where Entrepreneurship is a viable option to a country that is presently sliding on all indices of economic development.”
She also highlighted the importance of shifting to Entrepreneurship for both small and medium-scale enterprises, given that Entrepreneurship now plays a key role in Economic development and has become one of the key goals of development and effort aimed at reducing poverty.
On his part, the Chairman, South-South Zone Nigerian Institute of Management, Professor (Barr) Emmanuel Umana, FNIM, FCIArb, PHF, stated that the summit is to mark a significant milestone in our collective pursuit of excellence in the field of management.
He further stressed that the summit will create opportunities to exchange ideas, share experiences and explore innovative strategies to propel our zone towards a thriving production economy.
Similarly, the Chairman of South-South Zonal Management Summit and Calabar Branch Chairman, Eyo Okpo-Ene, FNIM, thanked members for gracing the summit.
He tasked members and the country at large with the need to be intentional, and encourage production through manufacturing.
About the Author
THEWILL Correspondent, Aniekan Bassey has over six years experience that spans across several fields in print journalism including development communication, sexual reproductive and health rights issues, crime, climate change, social justice, business and human interest stories.
