Entrepreneurship can help address social issues - Hussain

Fiji Development Bank Acting CEO Saiyad Hussain says entrepreneurship can help address a number of social issues such as poverty, malnutrition, education and access to clean water and sanitation.

While speaking at the University of the South Pacific’s Entrepreneurial Fair, Hussain says the role of entrepreneurs is a solution to various economic, social and environmental challenges.

He says entrepreneurs drive economic growth in terms of job creation and promoting innovative industries.

Hussain adds promoting through fairs not only encourage entrepreneurial initiative but contributes towards innovation and growth of competitiveness in the market.

He says the fair will give people an opportunity to enhance their business ideas and steer the economy into a resilient and sustainable path.

Hussain adds the FDB supports businesses by offering financial literacy training such as the need for proper planning, personal financial management, budgeting, savings, loan management, investments, planning for retirement and use of credit.