Chief Executive Officer, CEO of a leading multipurpose investment organisation, Blue Diamonds, Mr. Raphael Chukwujekwu, has stated that only regulation with a human face can create an enabling environment for small and medium businesses SMEs to thrive in the country.
Mr. Chukwujekwu who made this remark at the in Abuja at the unveiling of a new product, Smart Blue Money Mobile App, advised government at all levels not to introduce counter-productive regulations capable of stifling small businesses and killing young people’s initiatives.
According to Chukwujekwu, government can make the environment business-friendly such that small businesses would be able to grow, adding that part of the activities of Blue Diamonds is to provide project financing to young people with viable SMEs plans.
He said the Smart Blue Money Mobile App helps people to save, invest, manage and grow their income with a view to securing their future.
On other benefits of the new product, he said, “In saving money, it creates a certain level of employment opportunities, because there is provision for agency in the app. Through it, people can be gainfully employed by downloading the app and helping people to transfer money, helping people to buy data, buy recharge cards or airtime, pay for cable subscriptions and electricity bills. By so doing, it reduces unemployment and it adds to the nations GDP. ”