Why entrepreneurs must shun reckless borrowing, by experts

Why entrepreneurs must shun reckless borrowing, by experts

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Stakeholders have urged 323 graduate entrepreneurs in Edo State to shun reckless borrowing and adopt a unique marketing and networking strategies, which are recipe for climbing business ladder.

A GROUP PHOTOGRAPH OF TRAINERS, TRAINEES AND GUESTS AT THE EVENT

The three batches of graduands, comprising 138 male and 185 female including 30 Migrant returnees, were trained buy a Non-governmental Organization, Society for the Empowerment of Young Persons (SEYP) in partnership with GOPA worldwide Consultants, Deutsche Geselischaft fur Internationale Zusammearbeit (GIZ), Edo State government.

Addressing the graduands on Wednesday at Edo Production Centre in Benin City Mrs. Jennifer Ero, executive Director of SEYP, urged young Nigerians to acquire skill in order to navigate in business access to market opportunities out of the side walk.

According to her, “Entrepreneurial skill is the way to go. Knowledge is power. It is not enough to have money to start a business. But you need entrepreneurial skills to navigate in business and access to market.

“The role of Edo State government is providing an enabling environment for us work. The essence of this training is not just to going about borrowing to start up a business. You have to start up first and have a moderate movement of the business. You may require a loan to expand.

JANET OMOLE, LIQUID SOAP PRODUCER AT HER EXHIBITION STAND

“But if you have started with little, your partner could see that you are serious. So, money is not the first thing. You need to make a small input by yourself, then partners will come in”, she said.

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In a remark, the team lead GIZ SEDIN GOPA one of the supporting agencies, Mr. Peik Bruchus said a almost 5000 entrepreneurs have been trained in Edo and Lagos States since the Organization embarked on the outreach years ago.

Peik, tasked the graduands to prove their mettle in their venture and create a reputable network in order to justify the confidence reposed in them, adding that additional 5000 potential entrepreneurs would be added to the pool to hit a target of 10,000 before the end of 2022.

According to him, “When we started this journey in January, we knee that young people would need entrepreneurial support to be able to survive this harsh economy.

“We have trained close to 5000 entrepreneurs in Lagos and Edo State. We are targeting 10, 000 entrepreneurs by 2022. To the entrepreneurs, prove yourselves. We will be there for you. This journey does not end here. It continues.

In their goodwill messages, Edo State Coordinator of the National Directorate of Employment, NDE, Mr. Edobor Solomon and Mr. Moses Ogbebor, official of Small and Medium Enterprises Development Agency, SMEDAN, commended Society for the Empowerment of Young Persons (SEYP) for the milestone and pledged their partnership with the Organization.

They also discouraged irregular migration and tasked the trainees to leverage on the skills and knowledge that they acquired during the six months training programme to improve on themselves and society.

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In a presentation, the Coordinator of the Project, Mr. Adams Omoba who gave an overview of the revolving project, said the graduands were taken through four Modules during the six months programme, which also include helping to identify young people with business ideas and help them to realise their goals in addition to training on businesses management.

MISS VERONICA SOLOMON, ONE OF THE GRADUANDS AT THE TRAINING STANDING BESIDE HER EXHIBITION STAND

He noted that the NGO also facilitated the registration of businesses with the Corporate Affairs Commission, CAC for some of the trainees free-of-charge along with other benefits.

Two of the beneficiaries, Miss Veronica Solomon who is a graduated of Ambrose Alli University, AAU, and the Chairperson of Persons Living with Disabilities in Edo State, Ann Ojugo who spoke on behalf of seven persons Living with Disabilities who participated in the training, commended the NGO and other partners for giving them the opportunity to excel in their chosen professions.

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