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'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks - Politics - Nairaland

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Nigeria Will Remain In Darkness Except FG Pays Our N1.6trn – GENCOS / IPOB Sit-At-Home: South East Not Safe To Hold Conference – NUJ / Atiku Raises Alarm Over Nigeria’s N25.6trn Debt (2) (3) (4)

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'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Shehuyinka: 5:37pm On Jan 16, 2023
FOR many residents of South-East Nigeria, Monday is part of the weekend. Banks, shops, transport companies, churches, schools and government offices are under lock and key.

For 52 Mondays in a year, revenues and profits do not matter. Jobs and contracts are of no significance. What matters is what the people hold dear: freedom.

The South-East zone is made up of five states: Anambra, Enugu, Imo, Abia and Ebonyi. It is the only region with five states in Nigeria, with the other five zones having six, except North-West region that has seven.

On August 22, 2022, a bright Monday morning, The ICIR reporter was in Onitsha, the commercial nerve centre of the South-East Nigeria, to witness the much-discussed sit-at-home exercise.

On that sunny Monday morning, markets were all closed. The streets were turned into football fields. It was another day for roadwork – and everybody was allowed to keep fit.

The pubs were full as early as 10 am with boisterous men exchanging banters over bottles of beer.

It was a rowdy session at a taproom close to Urban Girls Secondary School, Fegge, Onitsha.

The reporter sat there, trying to feel the pulse of the people. “Are you happy with this sit-at-home exercise?” the reporter asked a man sitting close to him.

It was a simple question meant for an acquaintance, but eavesdroppers hijacked the discussion and turned it into a row.

A man in his early 40s responded, “Are you also one of the saboteurs?”

The reporter answered in the negative. The atmosphere was getting tense, and tempers could flare.

After feeling reassured that the reporter was not a saboteur, the man said, “This present government of Muhammadu Buhari is responsible for this sit-at-home. We will continue to sit at home every Monday until he releases our leader, Mazi Nnamdi Kanu.”

Almost everybody in the pub responded with a nod. But a fellow, who obviously belonged to a different school of thought asked, “How does this sit-at-home exercise affect Buhari?”

A man in his 40s, whom the reporter later understood to be Chima, said it did not matter.

“We are fighting for our freedom. We will continue to shut down our region every Monday until the Federal government releases our leader,” he retorted.

A major point in the sit-at-home exercise is that Chima and others who cheered him were taking its financial implications for granted.

How it all began

The ICIR ventured into an estimation of what the region could be losing from its citizens sitting at home every Monday by looking at losses borne by businesses known as nano/homestead and micro enterprises.

Nano or homestead enterprises have one to two workers and make an annual turnover of less than N3 million. Micro businesses, on the other hand, have three to nine staff members and an annual turnover of N3 million to N25 million, according to the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the National Bureau of Statistics.


Micro and nano businesses were considered because they make up 99.8 per cent of MSMEs in Nigeria, according to a 2017 SMEDAN report.

Before the investigation officially commenced in August 2022, the reporter had been interacting with businesses in the region, especially micro-enterprises, since January 2022, trying to understand how the sit-at-home exercise affected them and how much they were losing in financial terms from the exercise.

A total of 22 micro businesses were interviewed in each of the five states of the South-East region. They were asked to estimate, based on their financial records, how much they earned in revenue every Monday before the sit-at-home began.

Some micro-business owners refused to disclose their income levels. A few of them even avoided the reporter completely.

However, a sizeable number of them later cooperated freely.

Visited locations

In Anambra State, micro and nano business owners, ranging from petty traders dealing in clothes at the Main Market in Onitsha to kiosk operators at Eke Ekwulobia, were interviewed.
https://www.icirnigeria.org/south-east-nigeria-the-cost-of-monday-sit-at-home-exercise-part-1/

8 Likes

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by OriOko88(m): 5:38pm On Jan 16, 2023
grin
A future Biafra will be worse off places like Somalia,Yemen and central Africa Republic where armed gang men reigns. Sane ibos should pray against Biafra cos that imaginary country will definitely be full of tyrants and dare devils. Damnn cry

45 Likes 5 Shares

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Ofodirinwa: 5:40pm On Jan 16, 2023
Fake news

1 Like 2 Shares

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Karlovych: 5:40pm On Jan 16, 2023
embarassed Druggie Chicago will never smell Aso Rock

6 Likes 2 Shares

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by StrongandMighty: 5:41pm On Jan 16, 2023
According to statistics South East is still topping per capita income in the whole of Southern Region...
They threw lime at us and we made lemonade out of it!

The fake news, propaganda and Economic sabotage against the people of South East got nothing on them!

17 Likes 2 Shares

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by OsunOriginal: 5:43pm On Jan 16, 2023
Shehuyinka:
FOR many residents of South-East Nigeria, Monday is part of the weekend. Banks, shops, transport companies, churches, schools and government offices are under lock and key.

For 52 Mondays in a year, revenues and profits do not matter. Jobs and contracts are of no significance. What matters is what the people hold dear: freedom.

The South-East zone is made up of five states: Anambra, Enugu, Imo, Abia and Ebonyi. It is the only region with five states in Nigeria, with the other five zones having six, except North-West region that has seven.

On August 22, 2022, a bright Monday morning, The ICIR reporter was in Onitsha, the commercial nerve centre of the South-East Nigeria, to witness the much-discussed sit-at-home exercise.

On that sunny Monday morning, markets were all closed. The streets were turned into football fields. It was another day for roadwork – and everybody was allowed to keep fit.

The pubs were full as early as 10 am with boisterous men exchanging banters over bottles of beer.

It was a rowdy session at a taproom close to Urban Girls Secondary School, Fegge, Onitsha.

The reporter sat there, trying to feel the pulse of the people. “Are you happy with this sit-at-home exercise?” the reporter asked a man sitting close to him.

It was a simple question meant for an acquaintance, but eavesdroppers hijacked the discussion and turned it into a row.

A man in his early 40s responded, “Are you also one of the saboteurs?”

The reporter answered in the negative. The atmosphere was getting tense, and tempers could flare.

After feeling reassured that the reporter was not a saboteur, the man said, “This present government of Muhammadu Buhari is responsible for this sit-at-home. We will continue to sit at home every Monday until he releases our leader, Mazi Nnamdi Kanu.”

Almost everybody in the pub responded with a nod. But a fellow, who obviously belonged to a different school of thought asked, “How does this sit-at-home exercise affect Buhari?”

A man in his 40s, whom the reporter later understood to be Chima, said it did not matter.

“We are fighting for our freedom. We will continue to shut down our region every Monday until the Federal government releases our leader,” he retorted.

A major point in the sit-at-home exercise is that Chima and others who cheered him were taking its financial implications for granted.

How it all began
The ICIR ventured into an estimation of what the region could be losing from its citizens sitting at home every Monday by looking at losses borne by businesses known as nano/homestead and micro enterprises.

Nano or homestead enterprises have one to two workers and make an annual turnover of less than N3 million. Micro businesses, on the other hand, have three to nine staff members and an annual turnover of N3 million to N25 million, according to the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the National Bureau of Statistics.

Micro and nano businesses were considered because they make up 99.8 per cent of MSMEs in Nigeria, according to a 2017 SMEDAN report.

Before the investigation officially commenced in August 2022, the reporter had been interacting with businesses in the region, especially micro-enterprises, since January 2022, trying to understand how the sit-at-home exercise affected them and how much they were losing in financial terms from the exercise.

A total of 22 micro businesses were interviewed in each of the five states of the South-East region. They were asked to estimate, based on their financial records, how much they earned in revenue every Monday before the sit-at-home began.

Some micro-business owners refused to disclose their income levels. A few of them even avoided the reporter completely.

However, a sizeable number of them later cooperated freely.

Visited locations
In Anambra State, micro and nano business owners, ranging from petty traders dealing in clothes at the Main Market in Onitsha to kiosk operators at Eke Ekwulobia, were interviewed.

READ MORE HERE: https://www.icirnigeria.org/south-east-nigeria-the-cost-of-monday-sit-at-home-exercise-part-1/

They should continue... When they bring their economy to the ground, they will come over here as labourers. We need people to use on our farms and do other odd jobs - cheap labour is loading.

20 Likes 1 Share

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by triple996(m): 5:49pm On Jan 16, 2023
Biafra or death
Biafra freedom fighters will continue to roast and cannibalize any ibo caught engaging in the zoo election

6 Likes 1 Share

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by KingKO22: 5:54pm On Jan 16, 2023
They are nothing but congenital coward

Imagine ordinary one person commanding millions of Nyamirin Zombipigs not to go out and they obey but they love to flex muscle on top Lagos and Asiwaju matter grin

Bunch of cannibalistic baby factory animals

35 Likes 2 Shares

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Nobody: 6:13pm On Jan 16, 2023
Hmm! Na them sabi
Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by GYBABA(m): 6:15pm On Jan 16, 2023
See as my people dry waste money & we dey everly form economy cry

4 Likes

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Mickykarim: 6:31pm On Jan 16, 2023
Shehuyinka:
FOR many residents of South-East Nigeria, Monday is part of the weekend. Banks, shops, transport companies, churches, schools and government offices are under lock and key.

For 52 Mondays in a year, revenues and profits do not matter. Jobs and contracts are of no significance. What matters is what the people hold dear: freedom.

The South-East zone is made up of five states: Anambra, Enugu, Imo, Abia and Ebonyi. It is the only region with five states in Nigeria, with the other five zones having six, except North-West region that has seven.

On August 22, 2022, a bright Monday morning, The ICIR reporter was in Onitsha, the commercial nerve centre of the South-East Nigeria, to witness the much-discussed sit-at-home exercise.

On that sunny Monday morning, markets were all closed. The streets were turned into football fields. It was another day for roadwork – and everybody was allowed to keep fit.

The pubs were full as early as 10 am with boisterous men exchanging banters over bottles of beer.

It was a rowdy session at a taproom close to Urban Girls Secondary School, Fegge, Onitsha.

The reporter sat there, trying to feel the pulse of the people. “Are you happy with this sit-at-home exercise?” the reporter asked a man sitting close to him.

It was a simple question meant for an acquaintance, but eavesdroppers hijacked the discussion and turned it into a row.

A man in his early 40s responded, “Are you also one of the saboteurs?”

The reporter answered in the negative. The atmosphere was getting tense, and tempers could flare.

After feeling reassured that the reporter was not a saboteur, the man said, “This present government of Muhammadu Buhari is responsible for this sit-at-home. We will continue to sit at home every Monday until he releases our leader, Mazi Nnamdi Kanu.”

Almost everybody in the pub responded with a nod. But a fellow, who obviously belonged to a different school of thought asked, “How does this sit-at-home exercise affect Buhari?”

A man in his 40s, whom the reporter later understood to be Chima, said it did not matter.

“We are fighting for our freedom. We will continue to shut down our region every Monday until the Federal government releases our leader,” he retorted.

A major point in the sit-at-home exercise is that Chima and others who cheered him were taking its financial implications for granted.

How it all began
The ICIR ventured into an estimation of what the region could be losing from its citizens sitting at home every Monday by looking at losses borne by businesses known as nano/homestead and micro enterprises.

Nano or homestead enterprises have one to two workers and make an annual turnover of less than N3 million. Micro businesses, on the other hand, have three to nine staff members and an annual turnover of N3 million to N25 million, according to the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the National Bureau of Statistics.

Micro and nano businesses were considered because they make up 99.8 per cent of MSMEs in Nigeria, according to a 2017 SMEDAN report.

Before the investigation officially commenced in August 2022, the reporter had been interacting with businesses in the region, especially micro-enterprises, since January 2022, trying to understand how the sit-at-home exercise affected them and how much they were losing in financial terms from the exercise.

A total of 22 micro businesses were interviewed in each of the five states of the South-East region. They were asked to estimate, based on their financial records, how much they earned in revenue every Monday before the sit-at-home began.

Some micro-business owners refused to disclose their income levels. A few of them even avoided the reporter completely.

However, a sizeable number of them later cooperated freely.

Visited locations
In Anambra State, micro and nano business owners, ranging from petty traders dealing in clothes at the Main Market in Onitsha to kiosk operators at Eke Ekwulobia, were interviewed.

READ MORE HERE: https://www.icirnigeria.org/south-east-nigeria-the-cost-of-monday-sit-at-home-exercise-part-1/

GOOD FOR THEM.

Serves the biafraudulent people right and well.

10 Likes

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Tinubuwins2023e: 5:56am On Jan 17, 2023
They will still blame Tinubu.
Jealousy
Envy
Hatred
Bitterness
Sadness
Anger
Aggressiveness
That is there trademark

22 Likes 1 Share

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by codeplace(m): 5:56am On Jan 17, 2023
Sit-at-home isn't way forward. Someone japa because of sit-at-home destroy his business. Right now is in UK enjoying

1 Like

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by IGoComotYaTeeth: 5:57am On Jan 17, 2023
Tinubuwins2023e:
They will still blame Tinubu.
Jealousy
Envy
Hatred
Bitterness
Sadness
Anger
Aggressiveness
That is there trademark
Blame Tiefnubu for what exactly?! But your Mr Babablue should stay far away from aso rock, we don't need another Geriatric patient.
Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Highways: 5:57am On Jan 17, 2023
Fridays are half day or no work at all in the north.... Can you remind me again how much they are losing?

Truth be told, most SE are businesses that function online and can be ran remotely... I know transport business and co may be losing...


...but see eh, nothing is as refreshing as staying home on a Monday, I got to know this from some bankers and some other people that are not happy with their job...


Such research will definitely come with biases because the respondents may think that the government is trying to get their data so that they can be compensated and therefore they will end up hyping their loses, hoping to get a bigger compensation
Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by iHateFraudsters: 5:58am On Jan 17, 2023
Based on what statistics?

Majority of South eastern cities don't obey sit at home again.

It's only in Imo state that sit at home is effective.

The citizens are tired of sitting at home.

1 Like 1 Share

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by brain54(m): 5:58am On Jan 17, 2023
Let them keep loosing…


I will never understand a people that spite their face by biting their big nose!

8 Likes

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Ogonimilitant(m): 5:59am On Jan 17, 2023
The truth is that Nnamdi Kanu controls the east. The love he has from igbos is second to none. If not for sitting at home, MNK would have been forgotten.

Other tribes are jealous outside Biafra land of how united the Igbos are on the MNK issue.

I am asking where is the trillion the government and the business men make on Sundays to Saturdays. Or is Monday the only day they make the trillion?

Why are Afonja press and other non-Biafrans crying more than the Bereaved? They have told you Biafra or death and you think it's a joke.

MNK is the only leader in Biafra land. No politician is valued in Biafra land, because they are all criminals. The lgbos sat home every day for 3yrs they came back stronger. Those who want to remain a slave can continue to do so.

God Bless MNK
God bless lovers of Freedom

3 Likes 2 Shares

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Franzinni: 6:00am On Jan 17, 2023
Nah wisdom be this ?


Sit at home... Who is now oppressing who ?

Make I do come go town jare, Simon groundnut kingdom no reach here !
Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by TheChameleon: 6:00am On Jan 17, 2023
grin

Look.... does this dirty pig sty of a latrine look worth 100 million? cheesy

10 Likes 2 Shares

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Authoreety: 6:00am On Jan 17, 2023
I wish to personally handle this ekpa when govt finally catch up with him

1 Like 1 Share

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by muykem: 6:01am On Jan 17, 2023
Meanwhile, Peter obi has excluded IPOB/ESN from terrorist group. He wanted to rule Nigeria in their usual sentimental mind.

6 Likes

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by fasho01(m): 6:01am On Jan 17, 2023
The monsters they created isn't only eating them up, but crippling their economy as well sad

2 Likes

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by benuejosh: 6:01am On Jan 17, 2023
Now that they want to be president of the zoo kingdom I wonder if it won’t be more than Monday only

2 Likes

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by FactBoyz: 6:01am On Jan 17, 2023
grin
Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Urbanchampion: 6:01am On Jan 17, 2023
Na lie, Igbo are too industrious to be threatened by ordinary sit-at-home order. We can remain at home for ten years, nothing will happen. they first tell us how much Hausa and Yoruba are losing due to Bokoharam and Yoruba nation militants.
Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by money121(m): 6:02am On Jan 17, 2023
Ok oooo

We must learn a lesson
Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by Olachase(m): 6:04am On Jan 17, 2023
They might be sit at home on election day too cry cry

That Biafra commander is work for A.P.C grin grin

2 Likes 1 Share

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by TOPCRUISE(m): 6:05am On Jan 17, 2023
Igbo people want obi to become President because they know it's only him that can release kanu.
Asiwaju and Atiku will show no concern and let him rot there if they get the presidency

4 Likes

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by PassingShot(m): 6:05am On Jan 17, 2023
Is it your sit-at-home?

grin

No OKORO will EVER RULE Nigeria. Not in the next 50 years.

5 Likes

Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by BeardGangJnr1(m): 6:06am On Jan 17, 2023
President Obi's First executive order will be the to stop sit at home order...after he has been sworn in as the GCFR
Re: 'Sit-At-home: South-East Micro Businesses Lost Estimated N4.6trn In 52 Weeks by dovetark: 6:07am On Jan 17, 2023
If I were Delta State, I would use bulldozers to clear a big portion of land in Asaba accessible to both the new and old bridge, build shops and tell the traders to come trade there. Then I'll take 10% tax.

4 Likes

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