Don’t invest in sectors you’re not conversant with — Manufacturer

Nigerians have been advised to invest in sectors they are conversant with considering the present economic situation in the country.

The Chairman/Technical Adviser, Engineer Jani Ibrahim, gave this advice on Tuesday during the 31st Founder’s Day lecture of LUBCON GROUP; an indigenous lubricant company, held in Ilorin, Kwara State.

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According to him, Nigeria’s economy is challenged and investors and entrepreneurs should be careful in the area they chose to invest.

Ibrahim, who said the present economic challenge is global, also advised government to control the present inflation and loss of revenue, especially in the oil sector, adding that “alarm bells are ringing”.

“There’s the need to manage the situation critically. Professionals move out of the country en masse due to unfavourable economic climate.

“This has led to the loss of the best talents in the country. To individuals, one should not enter into an investment that one is not sure or conversant with. Those are some of the ways to manage the situation”, he added.

In his address, the guest speaker, Malam Yusuf Olaolu Ali (SAN), said shortsighted vision leadership was the bane of Nigeria’s growth and development over the years.

The legal icon said the country lacked leaders with a large vision to galvanise its wealth for the benefit of the people.

“The people appeared satisfied with whatever the programmes and policies of such leaders.

“Such attitude is among the reasons the country and its leaders have continued to underperform for many years.

“Our leaders should exhibit vision and mission to move the country forward. The time to cause change should be now and not delayed for the next generation”, he stated.