Entrepreneur and innovation writer, ‘Niyi Kolade, says the success of small and medium scale enterprises depend on the availability of energy in a country.
Speaking with journalists in Ibadan while introducing his new book, ELITE – Entrepreneurship, Leadership, Innovation, Transformation and Energy, Kolade said the economy of any country thrives on favourable government policies and motivation offered to investors, while also calling on the investors to exploit all investment opportunities in the country.
According to him, such a move would boost the nation’s economy and create employment opportunities for the youths. He said, “Because the economy thrives on entrepreneurship and energy, entrepreneurial creativity and energy availability are therefore the determinants of a country’s innovation index and largely, the dominant factors in economic performance.
“Small and medium scale enterprises thrive more in developed economies due to the availability of resources, of which energy is chief.