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NIM seeks improved entrepreneurial framework for economic growth

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The Nigerian Institute of Management (NIM) has urged the government to improve the country’s entrepreneurial framework conditions to galvanise small and medium scale enterprises (SMEs) towards improved national economic growth and development.
 
The institute, which noted that the SMEs are the panacea for economic development, said that devoting more interest in it, would contribute to the creation of jobs and reduction in income disparity as well as production of goods and services.
 
Guest Speaker and Director, Police Service Commission, Dr. Emmanuel Ibe, who said this during this year’s NIM Awards, Fellows and Spouses’ Day Luncheon, said that to tackle Nigeria’s economic development problems, concerted effort had been made to fashion out the nation’s economic ideology.
 

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He stressed that the SMEs, especially entrepreneurial activities, which had played important roles in the development process of the country and proven to be one of the most viable sectors with economic growth potential in securing a prosperous future, should not be ignored by the government.  
 
Citing instances of some industrialised nations, Ibe, who is also a fellow of the institute, said for a nation to be fully developed or sustain its development, the need for improved entrepreneurship was vital, adding that the state alone cannot survive without the small and medium enterprises.  
 
Earlier in her welcome address, President and Chairman of Council, NIM, Patience Anabor, while congratulating the new fellows, implored the recipients not to be complacent with just adding fellowship appellation (FNIM) after their names, but to see it as a call to higher responsibility and service to the institute, the management profession and the nation.
 
For fellows to avail the institute of their professional competencies, the NIM boss, said the institute had constituted them into faculties of sectoral groups.
 
The sectoral groups she mentioned are on leadership and governance; technology and communication; education and social development; finance, accounts and management audit; planning, economics and management and safety, health and environment management. 
 
She added that the faculties are expected to identify issues and challenges in areas related to their disciplines, and propose studies of such issues with a view to making policy recommendations to the government in its advocacy programmes. 
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