Back and Next - Back and NextA vital tool to alleviate poverty
Thursday, February 26, 2009
Editorial,
Small scale enterprises are significant ventures in the economic sphere of any country. Despite being informal economic activities, they provide employment for almost half of the citizenry. A small business can be started at a very low cost and on a part-time basis, but with the necessary support and commitment it can be transformed into large business corporation. Most importantly, small business proprietors tend to be more intimate with their customers and clients which results in greater accountability, responsiveness and consequently, a formidable economic growth. The significance of small scale business therefore, cannot be over-emphasised.
The recent move by the National Enterprise Development Initiative and Bank PHB to support small scale vendors in acquiring business management and entrepreneurial skills is indeed a giant strike in our poverty alleviation process. Helping these vendors with such techniques will help to engender a culture of sustainable business.
The government has been very instrumental in the promotion and development of small scale enterprises, having understood their role in the national economy. The vice president Aja Dr Isatou Njie Saidy confirmed this in her address at the ceremony, as she remarked that the government will never relent in its obligations to women and youths and will continue to provide them with self-employment opportunities, as well as harness their potentials in national development. This shows how willing and committed our leaders are in materializing our poverty reduction strategic programmes.
The bestmechanism to alleviate poverty is to empower people and our leaders have not in any way fallen short in that respect. The most significant challenge however, lies in the hands of the vendors who benefit from this package. They have to understand that there are thousands more of their colleagues who should also enjoy such benefit. They should utilise the privilege in a productive and responsible manner. This will set a clean record for others who are to earn the same privilege in the near future.
Squandering the opportunity may lead to disrupting efforts towards poverty alleviation, as confidence on the part of those who provide the service may drain and hence deny others the same opportunity. Development is all about productivity. We should therefore endeavor to venture into productive activities.
Small scale enterprises are significant ventures in the economic sphere of any country. Despite being informal economic activities, they provide employment for almost half of the citizenry. A small business can be started at a very low cost and on a part-time basis, but with the necessary support and commitment it can be transformed into large business corporation. Most importantly, small business proprietors tend to be more intimate with their customers and clients which results in greater accountability, responsiveness and consequently, a formidable economic growth. The significance of small scale business therefore, cannot be over-emphasised.
The recent move by the National Enterprise Development Initiative and Bank PHB to support small scale vendors in acquiring business management and entrepreneurial skills is indeed a giant strike in our poverty alleviation process. Helping these vendors with such techniques will help to engender a culture of sustainable business.
The government has been very instrumental in the promotion and development of small scale enterprises, having understood their role in the national economy. The vice president Aja Dr Isatou Njie Saidy confirmed this in her address at the ceremony, as she remarked that the government will never relent in its obligations to women and youths and will continue to provide them with self-employment opportunities, as well as harness their potentials in national development. This shows how willing and committed our leaders are in materializing our poverty reduction strategic programmes.
The bestmechanism to alleviate poverty is to empower people and our leaders have not in any way fallen short in that respect. The most significant challenge however, lies in the hands of the vendors who benefit from this package. They have to understand that there are thousands more of their colleagues who should also enjoy such benefit. They should utilise the privilege in a productive and responsible manner. This will set a clean record for others who are to earn the same privilege in the near future.
Squandering the opportunity may lead to disrupting efforts towards poverty alleviation, as confidence on the part of those who provide the service may drain and hence deny others the same opportunity. Development is all about productivity. We should therefore endeavor to venture into productive activities.
Author: DO
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