Expert Urges Institutes Of Entrepreneurial Studies

The Chief Executive Officer, Cowry Asset Management in Lagos, Mr Johnson Chukwu, has urged the Federal Government to establish institutes of entrepreneurial studies in the six geo political zones.

Chukwu told newsmen in Lagos recently that such institute was necessary in view of increasing incidence of inaccurate book keeping by some entrepreneurs.

He said that inadequate knowledge of book keeping was responsible for the collapse of small businesses in Nigeria.

“In today’s world, skilled manpower is highly needed to transform entrepreneurs’ drive.

“The absence of proper record keeping has been the bane of most businesses in the nation.

“Many people venture into businesses without the skill to run the business. This has affected the self-reliance drive of the Federal Government,” he said.

Chukwu also suggested that there should be constant exchange of ideas between the older entrepreneurs and the budding ones.