Nigeria has often been lashed for its unfavourable business environment which is made worse by regulations that suffocate and stifle economic activities.
Recall that President Muhammadu Buhari, in a twitter post recently, commended the efforts of the Presidential Enabling Business Environment Council (PEBEC) for being instrumental to the improvement in Nigeria’s World Bank Ease of Doing Business ranking, having moved 15 steps to rank 131.
However, while the ease of doing business may have improved, the actual process of running a business has been stifled.
Reacting to the stifled, Amb. Nelson Mkparu, the CEO NELMACO Pipe Manufacturing Company, with its headquarters in Nigeria’s northcentral city of Jos, said an important factor Nigeria’s policy makers must put into consideration is that a large population size does not always mean a large market, saying that it is only a potential market at best.
“Unlocking such potential will depend on improving demand by creating jobs to improve households’ income levels, boosting purchasing power by lessening inflationary pressures and strengthening macro fundamentals”, he said.
Insisting that government must continually provide the enabling environment for entrepreneurs to thrive, NELMACO said they are not just problem solvers, but also job creators and drivers of economic growth.
“This is why the importance of entrepreneurship cannot be underscored. It is the reason entrepreneurs must be supported and provided an enabling environment by the government”, Mkparu added.
NELMACO boss who gave the assurance that his company will continue to employ international best practices in the production of pipes, said so far the company is producing affordable pipes ranging from NGR Quality casin pipes 140×6.5mmx4m, 140mmx4mmx4m, 160mmx6.2mmx4m, and 200mmx9.62mm x4m.
He said in the range of NGR UPVC Pipes the company produces 110mmx5.3mmx6m, 160mmx6.2mmx6m and 200mmx9.62mmx6m pipes.
Mkparu who is also a philanthropist, also promised to engage more youths residing in Plateau state through creating job opportunities that will add meaning to their lives.
The company which is the first to produce pipes in Nigeria has employed over 200 people directly and 500 indirectly, our correspondent confirms.
Our correspondent reports that it is imperative to note that through the Presidential Enabling Business Environment Council (PEBEC’s) push and the collaboration with the National Assembly, two important laws to ease access to credit were passed last year. The World Bank funded Growth and Employment (GEM) Project is focused on supporting businesses in Information, Communication and Technology (ICT), Agro-processing, Entertainment, Tourism and Construction.