Business
Lack Of Funds Hinders Business Dev In N’Delta – Industrialist

Chief Executive Officer of Demacks Agro-Industries Limited, Opobo Town, Rivers State, Sir Marvellous Ogolo, has called on political and economic leaders across the Niger Delta region to help create an enabling environment for business to thrive in the region.
Ogolo who stated this at Opobo Town while speaking to The Tide, Saturday on the low pace of business in the region due to lack of funds, noted that one of the numerous challenges bedevilling businessmen and women in the region was access to capital, adding that those in business find it difficult to access funds from commercial banks funded by the Federal Government such as, Bank of Industry (BOI) and Bank of Agriculture (BOA).
He stressed that lack of capital to do business in the region has hindered business development because without capital, business ideas would not come to fruition, no matter how sound the vision might be.
The seasoned industrialist advised Niger Deltans who have opted for small and medium scale enterprises to get involved and seek expert advice by visiting Chambers of Commerce, Mines and Agriculture nearest to them to get the roadmap on how they could start their own businesses and benefit from such initiatives.
He further urged Niger Delta businessmen and women to key into the green revolution of government if they want to be recognised as farmers, maintaining that their involvement in the programme will help to improve agriculture in the region.
He also stressed that he has been in the agro-allied sector over the years and has seen great potential in the sector in transforming the economy, adding that availability of funds, good climate environment and cheap labour give the sector a comparative advantage over oil.
On Governor Nyesom Wike’s strides in development, he commended the leadership dexterity of the governor in view of his rapid resuscitation of some moribund infrastructure which were abandoned by past administrations.
On road construction, rehabilitation and the face-lifting of the health, education, agriculture and other economic sectors, he described Governor Wike as, “a versatile builder of economy and administrator par excellence”.
Ogolo, a Knight of Saint Christopher and businessman, advised Rivers people to support the Wike-led government as their needs would be provided by the governor before the expiration of his first four-year tenure.
Concerning the under-development of Rivers rural areas, he said that the governor would not abandon the rural areas and demanded that the populace should be patient as every nooks and crannies of the state will be visited by the present administration in its transformation agenda.
Bethel Sam Toby
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