Rivers: Entrepreneur targets 1 500 SMEs, harps on funding 


The Managing Director/Chief Executive Officer of High Contact Communications Ltd, and 360 Degree Connect Resources Incorporated Ltd, Dr Larry Ajiola, has described lack of fund as a major challenge facing the growth of small and medium enterprises (SMEs) in Nigeria. 

Dr Ajiola, who stated this in an interview with Blueprint in Port Harcourt, Thursday, disclosed his readiness to host a business workshop in the Garden City to address some of the challenges.

Ajiola, a United Nations Eminent Peace Ambassador, said his two organizations, which have been organising events for close to 14 years, would engage on a pre-major event international entrepreneur business summit exhibition and awards, coming up in 2024. 

He said, “we are giving people a lot of time to prepare and because of our foreign partners – people coming from outside – exhibitors from Europe, America, Canada etc, we will like them to come and join us and interrelate with our SMEs here. 

“But this time around, we are trying to see how we can project and promote and encourage our SMEs,” explaining that the workshop will deal with financial management and investment situations of SMEs focusing on products and how they affect the society as well as the impression the society has on them. 

Noting that this could not be done without the presence of the government, Ajiola said government has to provide the enabling environment to make informal sector grow and be vibrant, stressing the need to create about 10,000 jobs for the state and its environment. 

  “We are looking at about 1,500 SMEs as managing directors of their own small enterprises. And when their enterprises are financed, they would have the wherewithal to hire other people that will help them grow their enterprises more,” he said.

 According to him, the age bracket of the expected participants is 18, saying: “We believe that as from the age of 18 years, you are already an adult, according to the Nigerian constitution.”