Lagos State Government on Tuesday charged young entrepreneurs to always explore the path of sustainable innovations in their various businesses and vocations in order to have an edge over competitors as well as remain relevant in their various fields of endeavour.
The Commissioner for Wealth Creation and Employment, Mr. Babatunde Durosimi-Etti gave the advice at the Global Entrepreneurship Week 2017 organised by the State Government with the theme: “Building a Sustainable Innovation: Entrepreneurship Perspective”, held at Alausa, Ikeja.
Durosimi-Etti said entrepreneurs must always be eager to learn the way things are done in other climes and improve on them through their ingenuity, stressing that the future of Nigeria economy and its prosperity depends on the efficiency and innovations of the modern day entrepreneurs.
He noted the theme of this year’s Global Entrepreneurship Week underscores the need to sustain creative innovations in a business climate that is not static. This, according to him, informs the decision of the government to work more with the private sector to extend entrepreneurship skill training programmes to various youth centres in the State.
In his words, “Technical skills are the building blocks of all innovations and successes and as such, it is important for parents to guide and encourage their children to harness their innovative prowess in order to become better entrepreneurs”.
The Commissioner assured the participants that the State government will continue to provide an enabling environment for entrepreneurship to thrive, adding that with entrepreneurs as builders of the economy, the sector will continue to retain its position as a catalyst for wealth creation and National development.
The Permanent Secretary Lagos State Ministry of Wealth Creation and Employment, Dr. Yakubu Olajide Bashorun appreciated the State Governor for not undermining the immense contributions of entrepreneurs to the advancement of the economy of Lagos State.
Bashorun maintained that requisite knowledge is the key to sustainable innovation as well as the ability to think outside the box.
The keynote speaker, Mrs. Lanre Oniyitan who spoke on the theme of the event charged entrepreneurs to have proper knowledge of innovation, stressing that innovation is the key to solving all kinds of problems.
Oniyitan said that for innovation to have a sustainable result, it must be continuous and not static so youths must “Innovate or Die”.
She commended the business compendium recently compiled by the Ministry of Wealth Creation and Employment, saying that the Ministry is already innovating ideas to advance the course of artisans in the State.