EY highlights five priorities to drive economic growth in Africa
Ernest and Young West Africa has identified shared value, partnership, infrastructure, entrepreneur-ship and educational institu-tions as five priority areas that would drive economic growth rate in Africa.
Meanwhile, the Group Chief Executive, Oando Plc, Mr. Adewale Tinubu and Co-founder & Executive Director, Falcon Corporation Limited, Prof. Joseph Ezigbo and wife, Audrey Joe-Ezigbo, bagged Entrepreneur of the Year award.
Tinubu was picked among four finalists in the Master Entrepreneur Category, while Ezigbo was picked in the Emerging Entrepreneur Category among five finalists in the EY Entrepreneur (EYE) of the Year award where Nigerians and Ghanaians represent the West African region.
Considered as the world’s business award and now in its fourth year in West Africa, EYE award celebrates the achievements of outstanding entrepreneurs and ensure that their contribution to their country’s economic and social progress is widely recognized and honoured.
Speaking at the EYE of the year Galanite event in Lagos, EY West Africa Regional Managing Partner, Mr. Henry Egbiki, underscored the priorities, saying, “We need entrepreneurs to make investment to connect Africa to accelerate growth potential, we know entrepreneurs are the engine of growth, so we need the right platform for them to flourish, we need to recognize them, motivate them and support them.
In Nigeria for instance, those issues to be dealt with to accelerate economic growth of Nigeria is the big elephant – corruption. These are things you come across as you do business and integrity is stretched.
He added that there is the need to look out for entrepreneurs that will rise up to the challenge, that have the lion heart, commitment in ensuring they make an impact and that will leave a legacy.
According to him, “If you look at the population of Africa today, by 2030, over 55 percent of the African population will be below 30 years of age, yet we see high level of unemployed youths.
“Africa is blessed with climatic condition that encourages year round production but yield per hectare for Africa is still 25 percent of that of Asia. Nigeria boasts of 26 largest economies in the world but the average man does not see prosperity, majority of the people are leaving in poverty, in one year Ghana currency depreciated by 40 percent.”
In his remark, Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, who represented the Federal Government, commended the entrepreneurs, saying that anyone who adds value to any economy must be celebrated.
Meanwhile, the Group Chief Executive, Oando Plc, Mr. Adewale Tinubu and Co-founder & Executive Director, Falcon Corporation Limited, Prof. Joseph Ezigbo and wife, Audrey Joe-Ezigbo, bagged Entrepreneur of the Year award.
Tinubu was picked among four finalists in the Master Entrepreneur Category, while Ezigbo was picked in the Emerging Entrepreneur Category among five finalists in the EY Entrepreneur (EYE) of the Year award where Nigerians and Ghanaians represent the West African region.
Considered as the world’s business award and now in its fourth year in West Africa, EYE award celebrates the achievements of outstanding entrepreneurs and ensure that their contribution to their country’s economic and social progress is widely recognized and honoured.
Speaking at the EYE of the year Galanite event in Lagos, EY West Africa Regional Managing Partner, Mr. Henry Egbiki, underscored the priorities, saying, “We need entrepreneurs to make investment to connect Africa to accelerate growth potential, we know entrepreneurs are the engine of growth, so we need the right platform for them to flourish, we need to recognize them, motivate them and support them.
In Nigeria for instance, those issues to be dealt with to accelerate economic growth of Nigeria is the big elephant – corruption. These are things you come across as you do business and integrity is stretched.
He added that there is the need to look out for entrepreneurs that will rise up to the challenge, that have the lion heart, commitment in ensuring they make an impact and that will leave a legacy.
According to him, “If you look at the population of Africa today, by 2030, over 55 percent of the African population will be below 30 years of age, yet we see high level of unemployed youths.
“Africa is blessed with climatic condition that encourages year round production but yield per hectare for Africa is still 25 percent of that of Asia. Nigeria boasts of 26 largest economies in the world but the average man does not see prosperity, majority of the people are leaving in poverty, in one year Ghana currency depreciated by 40 percent.”
In his remark, Minister of Industry, Trade and Investment, Dr. Olusegun Aganga, who represented the Federal Government, commended the entrepreneurs, saying that anyone who adds value to any economy must be celebrated.
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