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Businessman harps on job creation as panacea for economic development

By Victor Nwachukwu [NAN]


An entrepreneur, Mr Chika Emenike, has harped on job creation as a panacea for sustained economic development.

He spoke on Sunday while addressing newsmen shortly after the official opening of Rento Hotel and Suites, a five-star facility in Owerri.

Emenike, who is the Chief Executive Officer of KOTEC Group of Companies, said that his decision to build the hotel was borne out of the desire to contribute his quota to the development of Imo through job creation.

He said that establishing Rento Hotels in Imo, his home state, had given him a sense of satisfaction as he was removing unemployed Nigerians from the street.

The entrepreneur challenged other Nigerians who have succeeded in different fields of endeavour to invest at home so as to grow the country’s internally generated revenue and reduce unemployment.

“Here in Rento Hotels, we have more than 100 paid employees. If 100 Nigerians replicate what we have done here, you already know how many jobs would have been created.

“Crime will be drastically reduced because there will be less idle minds to commit crime. In fact, the economic benefits of investing at home cannot be overemphasized”, he said.

Emenike nonetheless called on the state government to regulate tax collection as a way of checkmating multiple taxation and encouraging intending investors.

Earlier in his address, the occasion’s Chair and Managing Director, Ibeto Group, Mr Cletus Ibeto,  urged Nigerians to embrace “indigenous investment’’ as a way of supporting the local content policy of the government.

He thanked Emenike for alleviating poverty through job creation and called on government at all levels to come up with policies that would encourage local investment.

“There is no place like home. People get to know that you are a successful person when you invest at home.

“I call on the government to come up with policies that will give well-meaning Nigerians the necessary push to invest at home. Together, we shall conquer unemployment”, he said

The News Agency of Nigeria (NAN) reports that the event was graced by dignitaries such as Mr. Arthur Egwim, a member of the Imo House of Assembly and Mr. Chukwunonso Okafor, his Anambra counterpart,  as well as many business men and women.  (NAN)


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