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 />
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