UTILIZING AND MOBILIZING INDIGENOUS

RESOURCES
Indigenous Resources
These are also called natural resources. These are materials or substances such as minerals,
forests, water, and fertile land that occur in nature and can be used for economic gain. There are
many types of natural resources.

Utilizes Indigenous Resources

This is the process of making the most of the resources available and accessible to the
entrepreneur in order to achieve the objective that you want to. This is a very efficient and effective
procedure for a business.

Mobilizes Indigenous Resources

This refers to all activities involved in securing new and additional resources for a business.
This is also the process of getting resources from the resource provider. It deals in acquiring the
needed resources in a timely, cost-effective manner.
This advocates having the right type of resource, at the right time, at right price with making
right use of acquired resources thus ensuring optimum utilization of the acquired resources.

The Importance of Resources Mobilization

 To diversify and expand resources
 For the sustainability of the organization and program
 To clean the image of the organization and expand relations
 To fulfill responsibilities towards the community
 Improved resource identification
 Proper use of the resources
 Lowers financial risks

The Importance of Natural Resources

The existence of natural resources in abundance is essential. A country which is deficient
in natural resources will not be in a position to develop rapidly. But the abundance of these
natural resources is not enough. What is essential too is the proper exploitation of these natural
resources through improved techniques so that there will be less wastage and they could be
utilized for a longer time.