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BusinessDay 11 Feb 2018

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Sunday <strong>11</strong> <strong>Feb</strong>ruary <strong>2018</strong><br />

C002D5556<br />

BD SUNDAY 19<br />

Interview<br />

‘Government should make environment<br />

more conducive for entrepreneurs’<br />

Marcel Ofomata is the president, Entrepreneurs’ Organisation Abuja and MD/CEO Amaecom Global Limited, an<br />

asset financing company. In this interview with OWEDE AGBAJILEKE, the Harvard-trained manager speaks on issues<br />

relating to the business world, entrepreneurs’ organisation and the politics of the Nigerian economy. Excerpts:<br />

Since you assumed<br />

office<br />

as president of<br />

entrepreneurs’<br />

organisation,<br />

abuja, how will you describe<br />

the prospects of<br />

businesses in Nigeria?<br />

I happened to join the<br />

Entrepreneurs’ Organisation<br />

five years ago. First<br />

of all, Entrepreneurs’ Organisation<br />

is the only most<br />

influential peer-to-peer<br />

organisation that brings<br />

entrepreneurs together<br />

to learn, to grow, network,<br />

share experiences and<br />

see how we can grow the<br />

country economically. I<br />

assumed this office about<br />

six months ago and since<br />

then, we have been trying<br />

to bring entrepreneurs<br />

together under this umbrella<br />

to learn and grow<br />

because the truth is that<br />

at some levels of the entrepreneurial<br />

journey it<br />

becomes lonely. But for<br />

those of them who are<br />

able to join this organisation<br />

at this point, you keep<br />

learning and networking.<br />

And instead of seeing decline,<br />

you see growth. The<br />

loneliness is no more there<br />

and there is that prospect<br />

and respect for each other.<br />

How has the organisation<br />

helped in growing<br />

the nigerian economy?<br />

The average number<br />

of employee from each<br />

member of the Entrepreneurs’<br />

Organisation is<br />

about two hundred and<br />

here in Abuja we have a<br />

lot of them. We also have<br />

another chapter in Lagos.<br />

You find us in various<br />

fields: manufacturing, asset<br />

financing like I am, aviation,<br />

hospitality among<br />

others. It is nothing new to<br />

Nigeria however but those<br />

of us who have joined the<br />

organisation have benefitted<br />

so much. Before I<br />

joined the Entrepreneurs’<br />

Organisation, I was just a<br />

regular business person<br />

but Entrepreneurs’ Organisation<br />

has given me the<br />

exposure, international<br />

network and it has made<br />

me unnderstand myself<br />

better.<br />

It has also helped me to<br />

give back to the community<br />

and understand myself<br />

better because Entrepreneurs’<br />

Organisation is not<br />

just about entrepreneurs<br />

Marcel Ofomata<br />

but they go beyond that.<br />

They look at your family,<br />

the community, your employees.<br />

You share experience<br />

from vast people<br />

who have already made it.<br />

We have had the privilege<br />

of meeting people like Bill<br />

Clinton. My first meeting<br />

with the Entrepreneurs’<br />

Organisation was in former<br />

President Olusegun<br />

Obasanjo’s house at Ota<br />

Farm. We sat with him for<br />

over three hours.<br />

In the past years, entrepreneurs<br />

who have made<br />

their marks we help them<br />

in training. Currently, this<br />

is my second year in Massachusetts<br />

Institute of<br />

Technology (MIT), it is<br />

one of the things that the<br />

Entrepreneurs’ Organisation<br />

organises and when<br />

you come back to your<br />

country, you begin to see<br />

how you effect that in your<br />

community. Apart from<br />

that, annually we organise<br />

what we call the General<br />

Student Entrepreneurship<br />

programme where we select<br />

the best student in any<br />

field; a student who is in<br />

school and doing business.<br />

We select the best among<br />

them and we take them<br />

out to what we call the<br />

General Leadership Conference<br />

(GLC). Last year,<br />

we took some students<br />

from Nigeria to Frankfurt,<br />

Germany. This year, it’s<br />

going to be in Toronto.<br />

Two years ago, a Nigerian<br />

student was best in<br />

the whole world and won<br />

uncertainty in government.<br />

I saw investors who advise when you have the<br />

only this, you also need to<br />

were ready to bring in their opportunity.<br />

money but whenever the Are you interested in<br />

government of the day is contesting any political<br />

coming to an end, they become<br />

worried they want As a person, I am not<br />

office in 2019?<br />

to go back because they passionate about position<br />

are not sure of consistency but I am passionate about<br />

in policy. And I looked at encouraging and sensitising<br />

the people around me.<br />

other countries. Take a<br />

country like Cameroon I find a candidate whom<br />

for instance, it is not a rich I know has the capacity<br />

country but if you look and rally around him and<br />

at the past twenty years, give him my support. But<br />

they have had stability for me to come out to say<br />

politically in their currency. I want to take up this position,<br />

I don’t think I’m inter-<br />

So, investors will be more<br />

comfortable to work there ested in that.<br />

because they know that What do you make<br />

whatever they put there, of the recent executive<br />

they are not going to lose. order signed by president<br />

So, a situation where a new buhari preventing foreigners<br />

from getting jobs<br />

government comes and<br />

there is a change in policy, nigerians can do?<br />

businesses get agitated; The executive order is<br />

it doesn’t give them that a welcome development<br />

confidence. So, we need because if you go to other<br />

to be able to build policies countries - I have travelled<br />

and how do we effect that? to over 40 countries and<br />

One of the ways is for the sometimes I take time to<br />

people in business entrepreneurs<br />

to also embrace teract with people. So, the<br />

go down the streets to in-<br />

politics. One of them is to government has done the<br />

get your Permanent Voter right thing because it is to<br />

Card (PVC). I have gotten<br />

mine. And so we keep population of unemployed<br />

protect the growing youth<br />

encouraging every entrepreneur<br />

to get their PVC. are meant for them are<br />

to show that the jobs that<br />

They should encourage kept for them. There are<br />

others to do so. We need to jobs that foreigners should<br />

be part of politics because not take. We expect them<br />

if you are not close to those to come up with some expertise<br />

and as time goes on,<br />

in power then people who<br />

know nothing about business<br />

are going to make up such responsibilities.<br />

we should be able to take<br />

policies for you. And at the Oxfam international<br />

end of the day, you will suffer<br />

for it. So, I am encouragvate<br />

businesses of being<br />

has accused certain priing<br />

entrepreneurs to also behind class inequality<br />

fifty thousand naira prize embrace politics. Even if in developing countries.<br />

from the organisation. So, you are not going to be active<br />

give them the support neurs’ organisation<br />

What is the entrepre-<br />

Entrepreneurs’ Organisation<br />

has this body of rich you can. And this is one of stance on this?<br />

resource to help build entrepreneurs.<br />

talked to us about and Organisation I belong to<br />

the things that Obasanjo The Entrepreneurs’<br />

What do you advise since then, I have had a which I can speak for and<br />

government to do to encourage<br />

Nigerians to em-<br />

talk politics, I don’t want five years, has consistently<br />

change of mind. When you I have been a member for<br />

brace entrepreneurship? to say ‘No’. I want to see tried to work against class<br />

My advice to government<br />

is to bring in policies can we do? How can we by learning. And how do<br />

what is going on. What inequality. And we do this<br />

that encourage entrepreneurship.<br />

About four years various state; in my state you get from the class-<br />

help? I have done that in you learn? It is not what<br />

ago, I had the privilege Anambra, Akwa Ibom, room. For example, one<br />

of attending the World Cross River and wherever of the things so powerful<br />

Business Forum in Malta, I have the capacity and about the Entrepreneurs’<br />

which had businessmen opportunity, I try to advise Organisation is that every<br />

from Commonwealth and influence by my own month we meet together<br />

countries. We were looking<br />

at Nigeria, the instabilidation<br />

and scholarship. I portunity to discuss the<br />

example. I have a foun-<br />

in a forum. It gives us opty<br />

we have passed through have hundreds of students five percent fear that we<br />

and why it is not so investor-friendly<br />

because of my medical mission. Not Continues on page<br />

in my scholarship. I have can’t even discuss with<br />

23

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