An emerging high-tech mobile phone
manufacturing giant, Akyumen Technologies
Corporation has given the Nigerian business
environment a clean bill of health inspite of the
current economic challenges facing the country.
The United States-based company which is at
present exploring ways to establish base in the
country, disagreed with the notion that foreign
firms are scared of coming to invest in Nigeria
due to the economic down-turn.

Rather, the 32-year old Chief Executive described
those pulling out or those who are afraid to
operate in the country as not being fair or
probably may have been in the business of
shortchanging Nigerians.
Speaking on the company’s plan to introduce
various ranges of telecommunication products
into the country’s market, the Chief Executive of
the firm, Aasim Saied said some of the devices
can be used to improve learning and to empower
the young ones with useful skills.
“We want to create jobs in any country that we
go and we also want to train personnel in the
highest possible customer service expertise so
that they can be at home with the technology we
offer.”
He said the firm will introduce 50 per cent
subsidy for students in selected primary and
secondary schools in the country as part of its
social responsibility to support education which
they benefited from.
He said currently Akyumen Technologies is
partnering 25 universities and colleges all over
the world in the use of its innovative devices for
academic exploits. Akyumen Technologies
started up in the state of California, United
States of America.
“We are a company with great commitment to
our social responsibility. In addition to creation
of jobs, we will also want to encourage a lot of
start-up businesses. One of the things that we
intend to do is to install our computers in
educational institutions in the country.”
We are in the process of setting up offices in
Nigeria, either Lagos or Abuja.
“In line with our desire to establish base in
Africa, we are going to set up our headquarters
in either Lagos or Abuja and arrangements to
that effect is being perfected,” he said.
On the issue of local content, he said the
company is going create a lot of local jobs by
allowing more local content in the devices.
According to him, although most of the
components of the mobile phones and other
devices are at the moment going to be imported,
but that there will a lot of local inputs in area of
content creation for the computer applications
and software development.
Speaking on the possibility of partnering various
sectors of the economy, he said there are huge
opportunities to be tapped in collaborating with
Nollywood film industry. He said Akyumen has a
lot to offer to the local film industry in the area
of application of latest technology to improve the
content and knowledge of the professionals in
the industry.
Unlike the practice where some foreign
companies try to turn Nigeria into a dumping
ground for their finished goods, the US firm said
they are here to stay in the country to do more
business and also to empower more
entrepreneurial development.


http://www.thisdaylive.com/index.php/2016/10/16/despite-recession-business-is-good-in-nigeria-says-us-firm/

FTC

It's only the hardworking, creatives and innovatives that can gain from this times. Naturally so many Nigerians are used to free monies, collect wages they do not work for. So when all these stopped they resulted into blackmailing the government and complaining forgetting they have the opportunity to make wealth.

Some spends all their 24 hrs on social media wasting their lives, not working and still complaining no food.

But while they are busy complaining everywhere on all the social media, some are smiling to the banks.
The truth is, there are business opportunities in every economic period (uptimes & downtimes) it takes those that can think deeply and are hardworking to take charge.

it favours foreign firms as 1$ is more than 450 naira, when they bring small dollars to Nigeria it makes it looks big when exchange.

what 3000$ cannot buy three years ago will buy that product times 3.

Will they say this about their economy of it faces recession?

he is not far from the truth though


i went to lagos, bought jeans & tops of about 80k

i sold everything under 2weeks

is the recession affecting me?

not really

Make una come first na. No be to make mouth when una never start.....

Before nko?

Did anybody see the part that says that the CEO is just 32yrs....... Whattttt.

And a 32yr old person in Nigeria would be wailing over pdp and apc. Smh

dfrost:
Will they say this about their economy of it faces recession?

smart investors make money in both bear and bull markets

Good but very tough

notime3555:
Did anybody see the part that says that the CEO is just 32yrs....... Whattttt.

And a 32yr old person in Nigeria would be wailing over pdp and apc. Smh

You've said it all.

Ezechinwa:
it favours foreign firms as 1$ is more than 450 naira, when they bring small dollars to Nigeria it makes it looks big when exchange.

what 3000$ cannot buy three years ago will buy that product times 3.

Yep well said. These are the guys that are here to reap like the grim reaper

I beg the defer.business is still on but not like before some business have already fold up while someare struggling, even dangote have been recording some losses all year round. If the little life line some of these business are still striving on is death that means. Depression.

Every problem has its under lining solution. Recession a blessing to Nigeria.

Very correct but not all business
we in agriculture business ,, business is still good

mikolo80:
smart investors make money in both bear and bull markets

Yes, I know but will he be confident to say that about his own economy when it faces downhill?

It's easier to tell someone sorry about the loss of something than accept the same sorry over your own loss.

I have said it several times before.. most of those companies that pulled out where milking Nigerians dry. As soon as they can't make those mad money again, they pull out.

Watching the world HD movies is here

Some news makes no sense to me. This is Nigeria not US. Mr. Saied, do America run their economy by mouth also?

The economy is tight, yet people are still buying cars. People are opening new businesses. People are expanding new frontiers.

Stop complaining! Buhari is not the answer for the hour. You are the driver of your destiny. I have never seen anytime in the history of the human race when there are no hard times. Yet people made waves and affected their generation.

If you see anybody complaining, you see a frustrated lazy man or woman looking for cheap answers and solutions.

Nothing in life will ever come easy. I belive what we need in this period of recession is the drive to push until victory comes. FOCUS- Follow One Course Until Successful.

Many successful people had tried one thing or the other before they became successful.

Keep trying. If you fail, try again. If you fail again, try again. And as you keep trying in the right direction and at the right things,success will surely come.

I Have Never Seen A *RICH Person* Who Has Never *lost Money* But I Have Seen A Lot Of *POOR People* Who Have Never *Lost A Dime* -Robert Kiyosaki-

The *Primary Difference* Between The *RICH* & The *POOR* Is How They *Handle FEAR* in Investment -Robert Kiyosaki-

Have a Positive mindset about investment. You can *NEVER* be Rich if you are too *SCARED*of losing Money

*SALARY* alone can not solve your money problems. You need Secondary Source of income to balance

*SALARY* is the *MEDICINE* for managing *POVERTY*, it doesn't *CURE* it. Only your *BUSINESS* or *INVESTMENT* Cure Poverty

Be FINANCIALLY INTELLIGENT
Good morning friends.

O Di egwu

dfrost:


Yes, I know but will he be confident to say that about his own economy when it faces downhill?

It's easier to tell someone sorry about the loss of something than accept the same sorry over your own loss.

he is not losing now. He just said so. Those that lost ran

Ezechinwa:
it favours foreign firms as 1$ is more than 450 naira, when they bring small dollars to Nigeria it makes it looks big when exchange.

what 3000$ cannot buy three years ago will buy that product times 3.

u dey mind them , when they can afford to pay for cheap labour with the current exchange and carry out effective production of their products .. So yes the recession favours them , and they will pray it continues ..

The Americans have a lot of ways mocking people...



Honestly I prefer the Englishman to the American be they will tell you the truth to your face


E.g. Like "Nigeria is fantastically corrupt"

notime3555:
Did anybody see the part that says that the CEO is just 32yrs....... Whattttt.

And a 32yr old person in Nigeria would be wailing over pdp and apc. Smh

That's why a good foundation is important. We have a long way to go.

.

Who said Recession was affecting Nigerians before , visit most beer parlours and nkwobi joints today, you'll understand what I'm saying.