‘Financial literacy, impetus for entrepreneurial development’
An in-depth understanding of financial literacy has been identified as key to entrepreneurial development.
The Chairman, Krisoral Group of Companies, Dr. Oranu Chris Chidume, stated this at the Faculty of Management Science of Chukwuemeka Odumegu Ojukwu, University (COOU), Igbariam, Anambra State.
Chidume disclosed that the ability to understand and effectively use various financial, including personal financial management, budgeting and investing was of utmost importance, pointing out that financial literacy exposes entrepreneurs to the knowledge of budget management, procedures, credit management and financial risks of business operations amongst others.
Delivering the Keynote address themed, ‘Entrepreneurship As The Engine of Economic Development: Nigeria’s Experience in the COVID-19 Era’, he said the pandemic brought challenges that tasked the local entrepreneurs in the country.
The Krisoral boss appealed to the government at all levels to provide infrastructure to enable entrepreneurship to thrive in the country.
He charged the students to cultivate saving culture and to also learn how to re-invest in any business they plan to venture into after graduation.
The manufacturer said COVID-19 pandemic brought new challenges to the country’s entrepreneurs with unprecedented downturn in the global economy.
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