Dr. Sijibomi Ogundele, the Managing Director of Sujimoto Group and a prominent figure in Nigeria’s luxury real estate development sector, has penned an open letter to President Bola Ahmed Tinubu.....KINDLY READ THE FULL STORY HERE▶
In the letter, Ogundele expounds on why government support for businesses is not an obligatory duty for all levels of government.
Drawing parallels with global business policies, Balogun, renowned as Sijumoto in the business arena, fortified his arguments. Below is the complete text of his open letter….CONTINUE READING
In 1978, Steve Jobs amassed over a million dollars from his garage, using his intellectual assets rather than physical property, to establish the world’s largest technology company—a firm that now boasts the highest market capitalization globally.
This multi-trillion-dollar vision, built on the foundation of public research funding from the U.S. government, was nurtured due to the national significance of fostering innovation. It signified that governmental investment and initial involvement in prominent companies bring not only tax benefits but also contribute to the entire ecosystem’s prosperity.
Government catalyzes greatness. Renowned industrialists such as John D. Rockefeller, Cornelius Vanderbilt, and Sakichi Toyoda, among a myriad of other business tycoons, received substantial governmental backing that has resulted in the creation of empires responsible for employing millions of individuals worldwide.
Your Excellency, few narratives rival the allure of a flourishing economy driven by innovative enterprises. Therefore, deliberate support for nurturing businesses and aspirations proves to be a strategic and astute decision for a nation.
In today’s Nigeria, no startup or entrepreneur can secure pre-seed funding without undergoing a considerable ordeal. A demand for tangible collateral that stifles groundbreaking concepts and extinguishes the flames of entrepreneurial vision.
