Entrepreneurial Magnate Urges Nigeria To Enact Free Enterprise Policies

…..Wants Entrepreneurs To Play Active Politics


President Buhari in office

President Muhammadu Buhari of Nigeria

By Peter Usman

Abuja (Nigeria) – As a way of attracting investors to invest in Nigeria for economic growth , President, Entrepreneurs Organisation, Abuja, Marcel Ofomata has urged the Federal Government to enact policies that will encourage entrepreneurship in the country.

Ofomata, who gave the advice while speaking  with newsmen in  Abuja, Nigerian Capital,noted that if the policies of government are business friendly, it will go a long way to woo investors from various countries of the world to invest in Nigeria.

He emphasized that many investors have been scared away from investing in some countries in Africa and other parts of the world as a result of government uncertainty and unfavourable policies , stressing the need for the Federal Government to persuade investors to invest in the country for economic growth .

 “My advice to the Federal Government is to enact policies and programmes that will encourage entrepreneurship. About four years ago, I had the privilege of attending the World Business Forum in Malta, which had businessmen  from Commonwealth countries in attendance. We were looking at Nigeria, the instability we have passed through and why it is not so investor-friendly because of uncertainty in government.”

“In Nigeria, I saw investors who were ready to bring in their money but whenever tenure of a government is coming to an end, they become worried and want to go back, because they are not sure of the consistency in policy”

“When I looked at other countries, take a country like Cameroon for instance, it is not a rich country, but if you look at their government in past twenty years, they have had stability politically in their currency. So, investors will be comfortable to work there because they know that whatever they put there, they are not going to lose”

Dr. Ofomata, who is also the MD/CEO Amaecom Global Ltd, asserted that a situation where a new government comes in and there is a change in policy and thereby businesses get agitated should be discouraged, adding that such situation does not give investors confidence to invest massively for the fear of losing their money on the long run.

He also enjoined entrepreneurs in the country to embrace politics and be part of it, advising that people in business entrepreneurs should register with INEC and collect their Permanent Voters Card; PVC to enable them cast their votes for candidates of their choice.

“One of the ways in for the people in business entrepreneurs is to also embrace politics. One of these is to get your Permanent Voter Card (PVC). I have gotten mine and so we keep encouraging every entrepreneur to get their PVC. They should encourage others to do so. We need to be part of politics because, if you are not close to those in power,  people who know nothing about business will end up  making policies for you and at the end of the day, you will suffer for it”

Even if you are not going to be active, give them the support you can. This is one of the things that Obasanjo talked to us about and since then, I have had a change of mind. When you talk politics, I don’t want to say ‘No’. I want to see what is going on in the country. What can we do? How can we help?”

“I have done that in various states; in my state Anambra, Akwa Ibom, Cross River and wherever I have the capacity and opportunity, I try to advice and influence by my own example. I have a foundation and scholarship. I have hundreds of students in my scholarship. I have my medical mission. Not only this, but we also need to advise where necessary” he stated.


Posted by on 03/03/2018. Filed under Entrepreneurship, Governance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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