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Economic points in Alex Otti's inauguration speech by Penguin2: 8:11am On May 30, 2023 |
In keeping with global and expert agreement that SMEs drive economies, the new governor of Abia State, Dr Alex Otti, has launched a 10 billion Naira MSMEs financing scheme that will target 20,000 entrepreneurs in the next 2 years. The idea of empowering MSMEs is that if you empower 20,000 entrepreneurs with seed capital, not 10k insignificant trader money, you are going to be hopeful that about 10,000 of them will succeed. Now, when the business of the 10,000 starts to flourish, they are going to need at least 2 employees to help them manage the business. Multiply 2 into 10,000 and you have 20,000 people that is employed. Add that 20,000 to the 10,000 owners of a flourishing MSMEs and you will have 30,000 people that you have successfully taken out of joblessness. And with good management and training, their number of employees will keep increasing. Repeat the process after monitoring the progress of the first batch and by the time you are done in office, you may have created about 100,000 millionaires, not trader money beneficiaries. That’s how people with brains run an economy, and this is not rocket science. Economic points in Abia State Governor inauguration speechhttps://twitter.com/FinPlanKaluAja1/status/1663239986341384192?t=ChENyOiEh5E9EDpjcK0N8Q&s=19 34 Likes 5 Shares
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Re: Economic points in Alex Otti's inauguration speech by donbachi(m): 8:14am On May 30, 2023 |
Igbo kwenu! 67 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by LagosEmir: 8:18am On May 30, 2023 |
Work don start shaparly No time to check time . Abia state is now in God's hands . 80 Likes 5 Shares |
Re: Economic points in Alex Otti's inauguration speech by ebenezary(m): 8:19am On May 30, 2023 |
nice one from otti bring your Paypal funds and paypal issue withdraw from your permanently limited paypal account 8 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by internationalman(m): 8:19am On May 30, 2023 |
They always start good but they somehow get exhausted before they reach the finishing line 13 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by mrvitalis(m): 8:24am On May 30, 2023 |
I love this sir but wish it was streamlined to certain key sectors and increased to like 20 billion to 100 billion 1)Leather works ; the potential in the world market is there ,ABA has the the technical knowledge , comparative advantage so what does she needs a) finishing , establish multiple leader works finishing facilities with the latest technologies and machines , shoe makers can take their products their to finish , giving it higher quality looks n feel with world class finishing b ) branding ,any shoe with Made in Aba logo must meet certain QA/QC criteria , in the areas of quality, finishing , presentation c) vocational training program, for new shoe and leader works makers , teaching of French ( to break into the francophone countries ) and use of social media marketing skills 2) fashion industry, this is already well established all ABA needs is branding , made in Aba should denote quality, durability , so QA/QC is important here to maintain the brand , social media marketing is key here too Creating garment factory with only specialized machines that can't be easy to get , like Lazer design machine etc Then the metal works n fabrication market is key too ,ABA steal needs to be upgraded ...ABA glass focused on creating extra department for tableware ,revive the ceramic factory 38 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by temielects(m): 8:25am On May 30, 2023 |
Or you need to pay back the campaign money you borrowed, make all of unah just dey play with this your fraudulent analysis that lacks statistics, you will end up giving the money to ghosts tueh 2 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by magoo10(m): 8:27am On May 30, 2023 |
good one Abia state will be the first to witness labour party sterling leadership under the guidance of our great leader Peter Obi Okwute 33 Likes |
Re: Economic points in Alex Otti's inauguration speech by Gbogbowa: 8:32am On May 30, 2023 |
They have challenge us with Lagos you will see something in Abia we are just coming Obi is coming let Arsenal remain a placeholder for now 20 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by CodeTemplar: 8:32am On May 30, 2023 |
Good insight but incomplete in the sense that he is just making paper based projections of compliance and performances. To get large number of business to succeed, you may need to introduce scalability and grouping. if you plan to have 2000 of them farm and harvest 100 bags of rice each annually, they may need to buy seed, insecticide, fertilizers in bulk to save cost and avoid accidental losses like theft, fraud or inexperience. they may even need to share tractors. 1 Like |
Re: Economic points in Alex Otti's inauguration speech by Penguin2: 8:46am On May 30, 2023 |
temielects: You must think everyone is a thief like the people you always choose to support. I’m sure you have seen how to hit the ground running from day one and not by shouting “subsidy is gone!” 22 Likes |
Re: Economic points in Alex Otti's inauguration speech by christejames(m): 8:50am On May 30, 2023 |
The God's Own State will finally witness the presence of God ☺ 18 Likes |
Re: Economic points in Alex Otti's inauguration speech by horsepower102: 8:53am On May 30, 2023 |
Abia state is about to launch to the next stage. Even with all the challenges, it attracted the most FDI after Lagos and Abuja. Watch out for what is about to happen. Otti will perform because he understands what is at stake. Peter obi won’t allow him to fail Abians. 16 Likes
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Re: Economic points in Alex Otti's inauguration speech by Mopolchi: 8:53am On May 30, 2023 |
Alex Otti we know 12 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by samwillyco1(m): 8:54am On May 30, 2023 |
Alex be very very Careful of greedy fellows that will be approaching you for their selfish reasons. Always remember how the Abians fought for your emergence, please do well for them and shame your haters and ORJI CRIMINAL CLICK in the state. 15 Likes |
Re: Economic points in Alex Otti's inauguration speech by Goodlady(f): 8:54am On May 30, 2023 |
That's why Davido played for free at your swearing in. 15 Likes |
Re: Economic points in Alex Otti's inauguration speech by PHZADDY1(m): 8:54am On May 30, 2023 |
Otti my man 7 Likes |
Re: Economic points in Alex Otti's inauguration speech by HacheNoire: 8:54am On May 30, 2023 |
Same way Ikpeazu started! We all know how it ended… 2 Likes |
Re: Economic points in Alex Otti's inauguration speech by horsepower102: 8:56am On May 30, 2023 |
Goodlady: He is davido’s God father since birth. 6 Likes |
Re: Economic points in Alex Otti's inauguration speech by YOUTUBE9ja(m): 8:56am On May 30, 2023 |
Nice |
Re: Economic points in Alex Otti's inauguration speech by McStoic(m): 8:57am On May 30, 2023 |
Yes oo |
Re: Economic points in Alex Otti's inauguration speech by GoodBoi1(m): 8:58am On May 30, 2023 |
Interesting |
Re: Economic points in Alex Otti's inauguration speech by lomprico(m): 8:59am On May 30, 2023 |
LagosEmir: |
Re: Economic points in Alex Otti's inauguration speech by felong(m): 8:59am On May 30, 2023 |
internationalman:Buhari didn't start good. 9 Likes |
Re: Economic points in Alex Otti's inauguration speech by horsepower102: 8:59am On May 30, 2023 |
HacheNoire: Not true, people were depressed when Ikpeazu won in 2015. That election was not credible and Orji helped rig it. 16 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by lomprico(m): 8:59am On May 30, 2023 |
felong: And tinubu has started bad 8 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by Stanbaba30: 9:00am On May 30, 2023 |
My only regret is that my Uncle died being owed salaries that could have helped his health. Kaaai, it can NEVER be well with Ikpeazu and his family. The same pain he caused all Abians will hunt him until he’s DOWN. May God lead you Alex Otti, you will do well, no doubt. 14 Likes 1 Share |
Re: Economic points in Alex Otti's inauguration speech by Mabizeka: 9:00am On May 30, 2023 |
Goodlady: |
Re: Economic points in Alex Otti's inauguration speech by onumadu: 9:01am On May 30, 2023 |
I wish Abia state God's speed! For the FIRST TIME I'm feeling very optimistic about a governor in Abia. God bless Gov. Alex Otti. 17 Likes |
Re: Economic points in Alex Otti's inauguration speech by McStoic(m): 9:03am On May 30, 2023 |
temielects: Epic trash 8 Likes |
Re: Economic points in Alex Otti's inauguration speech by McStoic(m): 9:13am On May 30, 2023 |
Gbogbowa: I truly wish Abia gets it right. It will have a good ripple effect on other Igbo states 5 Likes 1 Share |
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