Posted By: ROTIMI FADEYI
President Muhammadu Buhari yesterday said good character was important in entrepreneurship in order to provide the platform for the growth of business and development of the economy of any country.
Buhari spoke at the Tony Elumelu Entrepreneurship Programme, TEEP Boot Camp 2015 which held at the Covenant University, Ota, Ogun State,
Buhari, who was represented by Vice President Yemi Oshinbajo, said enterprises and societies thrive on the values of moral integrity, self discipline, hard work and innovation, respect for rule of law, and the prompt payment of taxes.
According to him, these values are the critical components for successful economies and countries anywhere
He stated that “self-discipline, the ability to serve and to invest as well as bearing losses are critical,” noting that discipline alone is not sufficient.
The President asserted that “the core of success in business is integrity, honesty and trust in the conduct of business,” adding that “credit worthiness is important in business, because when trust fails every other thing fails”. Osinbajo stressed that one cannot be a successful entrepreneur by cutting corners.
“The payment of taxes and other obligations, be it moral or civic, for the purpose of development of the economy, for building infrastructure and other services are all important in business”‘ he stated. He explained further that the payment of taxes is a matter of self-interest not just civic duty”, he said.
The President expressed optimism that Africa now stands at the face of greatness after many years of being regarded as “the dark continent,” recording highest figures in poverty poor health- care, illiteracy, poor human development. He observed that the world today sees Africa as the next frontier for international business, a hub for development and growth of local and global enterprises.
Buhari commended Elumelu, the founder of the programme for “investing substantially in the ideas and vision of many young Nigerians and Africans, and helping to shape the future of the continent by building confidence in the young men and women to direct the success in the coming years.”
He was also excited that the next generation of Africans has learned early the value of working together.
Other speakers at the Boot Camp included the Kaduna State Governor, Mallam Nasir El-Rufai, and the Prime Minister of Republic of Benin Mr. Lionel Zinsou.
In his remarks, Zinsou commended the Tony Elumelu Foundation for organising the Boot Camp programme that brought together 1,000 young entrepreneurs from several African countries. The Chancellor of the Covenant University, Bishop David Oyedepo was also in attendance at the event.
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