Professor Sunday Adebisi, occupier of the Dr. Mike Adenuga Jr. Professorial Chair in Entrepreneurial Studies, has proposed a new economic model, 'New Enterprise Nigeria' (NEN), to revitalize the Nigerian economy.
He presented the model during the second Mike Adenuga (Jr.) Entrepreneurial Studies Annual Lecture, entitled, “Navigating the present stormy Nigerian Economy: The New enterprise Nigeria as the anchorage” held at the University of Lagos. He said the NEN intervention is the most feasible route to resuscitate the nation’s economy, leading to long term growth.
Professor Adebisi said the “New Enterprise Nigeria" (NEN) model is anchored on transparency and accountability. He added that it includes fit-for-all purpose Infrastructural projects, integration of all Ministries’ activities in synchronization with Nigerian needs, 25 years food security plan, stop borrowing and push for debt rescheduling plan and digitalization of Bureau – De –Change transactions in Nigeria that will help to revitalize the nation’s economy.
The university don also added other components of NEN including, “Aggressive Job creation through enterprise and startup, creations and investment into innovation drivers, subsidy removal management, combating inflation, politicopreneurship, Acada-solution consortium, Intentional and Continuous youth re-orientation as well as wealth creation opportunity”.
In her speech at the event, the Vice Chancellor of the University of Lagos, Professor Folasade Ogunsola, emphasized the need for Nigerians to invest in education, entrepreneurship, and research. She commended Dr. Mike Adenuga for partnering with Unilag in development of entrepreneurial academic knowledge and skills acquisition at the institution.
The Chairman of Board of Trustees of Dr. Adenuga Professorial Chair, Professor Taiwo Osipitan, stated that the lecture aims to enlighten Nigerians on solving the nation’s economic problems and creating gainful employment. Established in 2008, the Mike Adenuga Professorial Chair in Entrepreneurial studies, promotes entrepreneurship research, knowledge and practice as well as enterprise creation in Nigeria.
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