Capacity building has been identified as a potent ingredient for successful take-off and safe landing of investment in businesses.
The acting Managing Director of Bank of Industry, Mr. Waheed Olagunju, while declaring open the Ife Youths Economic Summit held at Ile Ife, restated the bank’s readiness to continue to enhance capacity of youths for them to be successful as business owners.
The summit was co-sponsored by the Ooni of Ile-Ife, Oba Adeyeye Ogunwusi and Senator Babajide Omoworare.
Speaking on the theme: “IFEPRENEURSHIP: Building Entrepreneurship Competency and Self-Reliance Among Ife Youths,” he advised youths in the country to be empowered in capacity before venturing into business.
The managing director urged participants at the summit not to see whatever financial benefit in terms of loans, grants or financial assistance by individual or corporate organisations extended to them as national cake that is meant to be enjoyed and squandered, but that such grants should be utilised to build a solid, endurable and sustainable investment.
Giving tips on how to set up successful business, Olagunju maintained that rather than seeking capital before capacity, capacity should come first to forestall loss of resources.
Source : Leadership