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Redistributive Policy: A Boon For Rapid Development And Sustainability Of Small Scale Medium Entrepreneur In Nigeria ~ Adebomojo



Redistributive policy has been referred to as a boon for rapid development and sustainability of small scale medium entrepreneur in Nigeria.


This was made known by the Managing Director/Chief Executive Officer, First Planet Resources International, Mr. Akeem Olaniyi Adebomojo during a summit which was organized recently in Abuja by upcoming entrepreneurs and was attended by dignitaries from all walks of life, to sensitize younger Nigerians at looking in the area of SMEs rather than waiting for white collar jobs.

From left: Deputy Senate President of the Nigerian Senate, Senator Ekeremadu, Senator Adeniyi and MD /CEO First Planet Resources International, Mr Adebomojo

Mr. Akeem, who is one of the House of Assembly aspirants in Irepodun/ Ifelodun LGA of Ekiti State, also described redistributive policy as a way of sharing public policies such as Social Security that provide benefits to citizens, groups or cooperatives.


He said the major aim of redistributive was to eradicate social issues such as poverty for the sake of equality.

Mr Akeem described redistributive policy as a way of sharing public policy such as Social Security that provides benefits to all groups in society.


"Redistributive Policy could be explained as a policy that provides to one group of society while taking away benefits for another through policy tools such as tax increases to pay for job training," he explained.


He was optimistic that if rural areas could be clustered in segments and rallying points provided where benefits in cities could also be accessed at a stone throw, the better for the people residing in the rural areas as this would put less burden on the cities.

This will allow for the attainment of its full potential if they are also mobilized and encouraged financially and materially through getting little from the haves to the have-nots

He stressed that there would be contentment in the rural areas as well as improved standard of living.


He called for total redistribution to balance and avoid rural-urban migration, having established that 90% of the raw materials required for production are sourced mostly in the rural areas and not in the cities.

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