Entrepreneurship, Panacea To Rivers Economic Growth – PHCCIMA

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The President of Port
Harcourt Chamber of  Commerce, Industries, Mines and Agriculture (PHCCIMA), Engr. Emeka Unachukwu, said that the development of a strong entrepreneurial base remains the only panacea to a sustainable economic growth in Rivers State.
Unachukwu, who was speaking in a programme organised by the Rivers State Ministry of Commerce and Industry at Presidential Hotel, Port Harcourt Friday said there is the need for conscious development of the spirit of enterprise among government and citizens of the state.
PHCCIMA boss said that this would improve and stimulate the state economy, as well as effectively address the downward drift experienced in the state at the present.
He noted that the absence of enterprise spirit has been the major factor affecting the economic viability of the state, stressing the need for a paradigm shift from what has been attainable.
He expressed confidence in the new administration led by Chief (Barr) Nyesom Wike, who he said has shown readiness to work with the private sector and also embrace innovations that could help build up the economy.
Unachukwu noted that Rivers State has untapped potentials and it indeed “investors’ haven considering its accessibility by road, with close proximity to seaport and international airport compared to other states.
He, however, said that “Rivers State at present is socially and economically depressed”, adding that the injection of external investment funds and expertise has not been able to transform her into a fast growing state.
He reiterated that the “spirit of enterprise would drive both the state and its people to a whole new pedestal which involves attracting training that will promote entrepreneurial thinking about development. This will have huge impact on community and social settings and results in tremendous social progress”.