Current Economic Challenge Presents Opportunities For Entrepreneurship – LCCI

The director-general of the Lagos Chamber of Commerce and Industry, (LCCI), Mr. Muda Yusuf has declared that there is great opportunity for entrepreneurship development with the current economic challenges in Nigeria.He said the economic situation would compel Nigerians to look inward for their local products development rather than depend on importation of virtually all the needs.In his keynote address at the Youthpreneur Business Summit 2016 in Lagos, titled “Passion to Wealth: Road to Economic Diversification,” Yusuf said the high rate of naira to dollar is an opportunity to increase locally produced goods as most of the importers of such goods would not be able to import. (adsbygoogle=window.adsbygoogle||[]).push({});He said, “Nigeria’s current economic situation is not hopeless; it presents opportunities to grow our home-base businesses, entrepreneurship along value chains in various sectors of the economy.” He therefore challenged the youths especially the graduates to venture into entrepreneurship rather than seek white collar jobs.According to him, the basic essence of formal education irrespective of their disciplines is the development of intellectual capacity as well as entrepreneurial skill development. However, Yusuf said one of