World Bank, NACCIMA, partner group for Aba summit
The
World Bank and Nigerian Association of Chambers of Commerce, Industry,
Mines and Agriculture have partnered the Abia Think Thank Association to
organise a summit in Aba.
Other groups in the collaboration are
World Habitat, Global Initiative, Global Fund, Embassies of United
States, Japan, China, South Korea, Germany, France, Italy, Sweden,
Norway, Australia; High Commissions of United Kingdom and Australia,
among others.
President of Abia Think Tank, Sam
Ohuabunwa, said this during a press conference on Thursday ahead of the
November 20-21 Aba Summit organised to attract investors to the eastern
region.
Ohuabunwa said there was the need for a
partnership between the private and public sectors for growth and
reduction of unemployment in the eastern states.
He said, “A development paradigm that
includes both the private and public sectors. Aba has the lowest
unemployment rate but it may not have the highest wages or profit coming
from various businesses because most of the traders are still in the
informal sector.
“It has a high concentration of Small
and Medium Scale Enterprises, which need to be innovatively
re-invigorated to sustain, deepen and expand their competitive edge in
economic and business dimension.
“Left alone for the government to
handle, the harnessing of these economic opportunities in Aba will
remain in limbo for a long time to come.”
According to him, the summit will correct the degrading effects of the civil war on the growth of the market.
He said, “To set the record straight,
the Biafran war had a lot of effects on Aba market. Aba suffered most
from the war and up till today, it is still suffering to recover to its
full strength. The damages are enormous and it will take time before it
will grow back. The war made a lot of companies to move away from the
region.
“This is why there is a need to develop
Aba by all means because success of the Aba market will make other parts
of the region to develop easily and reduce the population of Igbo in
Lagos. It will, as a matter of fact, stop the embarrassment of deporting
Abians from Lagos.”
CULLED FROM: PUNCH NEWSPAPER
August 23, 2013 by Sodiq Oyeleke
http://www.punchng.com/business/industry/world-bank-naccima-partner-group-for-aba-summit/
Written by NEWSTRAWL ONLINE UPDATE
Sodiq Oyeleke is a Media, Human Resources, Project Management and Public Relations Practitioner
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