The Federal Government has been urged to provide conducive environment for new entrepreneurs.

A financial expert, Mr Shola Sulyman, gave theh advice in Omu-Aran, Kwara State.

He said the private sector can revive the economy. He called for the adoption of a corporate turnaround management strategy to save troubled companies and return them to solvency.

"When we talk about corporate turnaround management, I am referring to the way we resuscitate failed or failing businesses.

"It's a complex and tasking service that demand expected results within weeks or months.

"When a business or company is in crisis, either financial or management, you need to take a proper diagnostic approach to ascertain where the problem lies," he said.

Sulyman, who is also the Chief Executive Officer of Sash and White Consulting firm, said the high number of failed businesses had contributed to the increasing rate of unemployment and insecurity.

He said the alarming rate of business failures in the Third World countries was not only crippling the economy, but affecting the citizens' standard of living and their images.

"For this reason, there is need to imbibe corporate turnaround management in developing economies and more especially in the public sector," he added.

Sulyman identified factors responsible for failure of businesses to include poor strategic choices, lack of financial discipline and obsolete business models.

Other factors, he said, were economic recession, government's intervention and disaster induced business failures.

Some artisans in the Federal Capital Terrietory (FCT), called on the Federal Government to create aconducive environment for tradesmen and artisans. In an interview in Abuja, some of them said such environment would boost the country's opportunity to achieve her economic growth objectives by ensuring the viability and vibrancy of the sector.

Head of Operations, Baba Kenny Owens Creation,Arts and Craft Village, Mr Kennedy Eguakun, stressed the need for the development of the industry.

He said there was also the need to provide opportunity for tradesmen and artisans to thrive in the country.

"We are talking about increasing the economic growth of our country, but if we fail to provide opportunity for tradesmen and artisans to thrive, then the economy will not perform."Nigerian artisans can help to make the country a great nation among countries of the world only if given priority.

"Any nation that want to progress must pay attention to what the artisans are doing and they should be given the required attention.''He added that the federal government should partner with artisans to strengthen the economy of the nation.

Creative Director, Steeveruada Ventures, Mr Steven Eruada,, solicited for government support in training artisans, adding such training would enable them produce goods that can compared to products from the rest of the world.

A painter,Mr Stanley Nwanyawu, pleaded with the Federal Government to create the necessary infrastructure to support entrepreneurship.

Good access roads,he noted that would provide easy access to sources of raw materials and would also reduce the high cost of art works.

"It will be beneficial to all artists if adequate infrastructures are provided to reduce the stress of producing artworks;as this will improve the economic condition of the country,'' he said.