Obi advocates education as key to sustainable wealth creation
Speaking at the second Finance Leadership Forum (FLF) and presentation of a book titled “where is my money”, Obi described corruption as the major problem bedevilling the nation’s growth.
He said: “ I do not believe that we don’t have enough money to provide public goods and services, rather, there are lots of wastages in the process of delivering these services. A culture of prudence will facilitate our industrial and technological growth.”
Obi said great talents like Steve Jobs of Apple would have died a wretched man if he were to be based in Nigeria.
According to him, Jobs was able to raise his first $1million seed funds on the basis of his intellectual capital though it was poorly organised then.
He explained that through the help of various institutional supports and funding arrangements, the system created a star out of Steve Jobs and in the process generated huge financial multiplier effect to both public sector, private entities and individuals
Besides, Obi reiterated that some institutional framework in the country create unnecessary hurdle for genuine entrepreneurs.
Sometimes, according to him, rather than help entrepreneurs with brilliant ideas, some finance officer end up stealing the idea when presented to bank for funding or they are frustrated by bureaucracies.
He said: “Nigeria has a brilliant chance of sustainable growth if we can give enough attention to education at all levels, especially at the grass root”.
No comments yet