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Home Blog Page 3821

A Journey of Great Expectations – Alex Otti, Governor of Abia State Nigeria

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Being the Text of a Speech Delivered by Governor Alex Otti to Ndi Abia on January 1, 2024, to Mark the Celebration of the New Year

  1. Umu nne m Ndi Abia, I joyfully welcome all of us to the New Year, 2024. We thank the Almighty God for preserving our lives over the past year and for bringing us into the joy of what promises to be a great cycle for our people.

  2. We also remember our loved ones who journeyed to their final resting place and all who suffered different forms of personal tragedies in the past year. We pray for peace to the souls of the deceased, fortitude to the families of the bereaved, and restoration to all who went through painful losses in the last 12 months.

  3. 2023 was a watershed moment in the political history of our great State and I am most grateful to God and the individuals and groups He used in resetting the political direction of our beloved Abia. Nothing that was achieved in our political history in the past year could have happened without the divine direction and infinite support of the Almighty who orders human events as it pleases Him. We therefore give all honour, adoration and glory to our Heavenly Father.

  4. We have marched victoriously into the New Year and I join every family in the state to celebrate the joy of a new beginning. We have been called to embrace the New Year with great hope and optimism, confident that no challenge, however daunting, shall overwhelm us.

  5. The past year offered us the opportunity to take back our collective destiny and I am glad we drove home the message that in a democracy, power belongs to the people. It was the year the majority came to a consensus that we had stayed for far too long on the mountain of mediocrity and failure, and needed to advance forward to reach the Promised Land.

  6. Although we are still far from our desired destination, the fact, as attested to by many, including apolitical observers, and even honest partisan watchers in other political camps, is that Abia is changing for the better and a new sense of optimism is emerging about our dear state and its future.

  7. With our modest accomplishments in the last six months on road reconstruction and rehabilitation, especially in Aba and Umuahia, reinvigoration of the health and education sectors, restoration of security in communities that had been previously overrun by criminal gangs, effective urban waste management, prompt payment of salaries, support to the economically poor and vulnerable amongst others, it is evident that we are on a mission to rebuild and restore the glory of our fatherland.

  8. Umu nne m, you may wish to recall that while speaking to you shortly after we took the oath of office on May 29, 2023, we made a solemn commitment that we shall make regular payment of salaries and pensions a priority. It gladdens my heart to report that our workers and retirees now know exactly when their entitlements will be paid and thankfully, we have never failed them. In the New Year as we had promised, we shall review the salaries of all the employees of the State Government upwards to reflect the economic realities of the time. Work on this is in the final stages.

  9. Beyond our strides in improving the social and economic conditions of the Abia public, we have also done very well in fostering harmonious relationship with the other arms of government, the legislature and the judiciary, providing all the necessary support as we consistently build trust in ways that make for robust engagements in the discharge of our constitutional responsibilities to Ndi Abia.

  10. The media, members of the civil society, traditional, religious and community leaders have been very supportive in driving the message of the New Abia to all parts of the state. May I assure you that we do not take your goodwill for granted.

  11. The year 2024 will be our year of consolidation on the gains made in the past 7 months. We recently signed the 2024 appropriation bill of N567.02 billion into law after It had been passed by the State House of Assembly. To show the direction of this government, an unprecendented 84% of this sum has been earmarked for capital expenditure including road projects, rebuilding and remodelling of schools and hospitals and a proposal to build a best-in-class medical village in the State to stem the tide of medical tourism by our citizens.

  12. Beyond the huge sums which the state shall be investing in the critical sectors to spur economic growth, create employment opportunities and revive local businesses, particularly MSMEs, we have already been engaging members of the organised private sector to take advantage of our business-friendly policies to invest in the State, especially in manufacturing, trade and commerce, transportation, mass housing schemes, hospitality, sports and tourism. Our general approach as a government is to create the right environment to support the success of businesses in ways that enable job creation and the expansion of opportunities for individuals and local entrepreneurs in all parts of the state.

  13. Technology has been at the heart of our transformation and reform agenda. We shall move to a new gear in 2024 starting with the digitization of the operations of our public institutions for ease of access and efficiency in service delivery. We shall also leverage the advantages of technology to drive state-wide human capital development, economic empowerment of the youth and most importantly, job creation in high reward areas, especially outside our geographical borders.

  14. The world is changing rapidly and we cannot afford to be left behind. ICT offers us a pathway to sustained socio-economic development. As a government, we are keen to take advantage of the opportunities emerging therein to advance our governance objectives.

  15. My office, working closely with the ministries of science and technology and digital economy and SMEs, has articulated the State’s strategic blueprint for the ICT sector. In the New Year, the components, including hands-on training and exposure, business plan competition with financial grants and seed funding to those with bankable ideas, mentorship and so much more shall be rolled out for the benefit of all interested participants.

  16. Recently, I signed the Greater Aba Development Authority (GADA) bill as passed by the State House of Assembly into law. GADA, on the strength of the law setting it up, will drive the holistic development of Aba into a functional, modern mega city, supporting enterprise growth, family life and leisure as promised in our manifesto.

  17. In 2024, we shall continue our policy of being attentive to the needs of the poor and vulnerable. In addition to our independent initiatives aimed at supporting economically disadvantaged individuals and families, we shall continue to honour our commitments in the various programmes of the multilateral agencies we are subscribed to, mainly ones that are targeted at persons living in chronic poverty, nursing mothers and those with difficult medical conditions.

  18. The State recently secured the support of the European Union to develop a robust social register. When completed, the Abia Social Register will direct our allocation of resources to the vulnerable. Additionally, it will help relevant agencies of government to monitor how the various programmes and initiatives sponsored by the State and its Partners impact them.

  19. Before the end of this month, we shall be setting up an international body of advisers known as Abia Global Economic Advisory Board, (GEAB) made up of accomplished internationally recognised experts from across the globe who will help in our journey to take our state to the world as a preferred investment destination.

  20. We plan to expand our set of economic advantages as a State by working closely with the Mayors at the LGAs to make every community a major centre of production. We are currently developing a more comprehensive resource map of the State where the comparative advantage of each community shall be captured. The map shall be used as a marketing instrument to investors and development partners.

  21. In the social services sector, we shall continue our strategic investments in health and education. The 2024 budget proposal has already made substantial provisions for our programmes in the two sectors with a combined allocation of more than 35% of the total budget outlay. Even with this generous spending proposal, we shall also keep our eyes on grants and other aid schemes in support of education from local and international development partners.

  22. Our commitment is to close the funding gap in education and health in the first instance and then see to it that the funds are channelled to meet the most pressing needs of the sectors, paying careful attention to infrastructure, personnel recruitment and development, and the efficiency of service delivery. As I had said repeatedly, our administration is determined to make Abia the home of the most educated, healthiest and wealthiest citizens in this region.

  23. Fellow Abians, as you would agree with us, our plans are grand and our commitment genuine. Our promise is that we shall never let you down.

  24. As you equally know, we cannot achieve much of our grand plans for 2024 if citizens are not faithful to their civic responsibilities, particularly regular payment of taxes and other statutory financial obligations. In the New Year, we encourage you to take full advantage of the innovative structures we have put in place, including digital platforms and channels, for the regular payment of your individual and business taxes.

  25. You are also expected to cooperate with the security agencies by reporting suspected criminal activities and individuals in your communities and neighbourhoods to the nearest security station for prompt action.

  26. Let me repeat my earlier warning that the State Government shall not look kindly to any traditional or community leader, landlord or head of any organisation who harbours criminals. Any tolerance, subtle or open support for crime in any part of the state would be seen as an act of sabotage and the government will not hesitate to do what it must do to protect the life and property of the citizens.

  27. In the new year, government will pay a lot of attention on environmental sanitation. We have done a lot to keep our towns and villages clean. However, we still see pockets of garbage and filth around us. We would appeal to everyone to join in the crusade to keep Abia clean. You will be hearing more on this from the state orientation agency.

  28. You will recall that during the campaigns and up till recently, we had made a promise to pay the arrears of pensions being owed our retired civil servants by the end of 2023. It’s unfortunate to report that a few challenges have conspired to ensure that we were unable to keep this promise. Based on the figures available to us, we had arranged the funds to make good this promise. However, before making the payment, we decided to conduct a digital verification of the pensioners. To our utter shock, we found that there were pensioners who had been owed since 2014. To ensure that the verification exercise did not add extra burden to the already owed pensioners, we took it down to them at their respective wards. Those who were sick or too old, had their own verification taken to their houses. At the end of the exercise, just about a week ago, the total figure required for the payment was twice the amount we had provided. While we continue to engage the National Union of Pensioners, we believe we will be able to make the payment before the end of the first quarter of the new year. If required, we may go back to the house of assembly for necessary approvals to ensure that this payment is made.

  29. Our expectation is that 2024 will be a great year for everyone. However, we must admit that we cannot make perfect predictions on what the year will bring as several factors are entirely outside our control. Our assurance to all as we begin another journey of hope and expectations is that your government will always be there for you, offering necessary support and direction to help you take advantage of the many opportunities that are to emerge in the course of the year, as well as navigate the storms of unexpected events.

  30. My dear brothers and Sisters, let me use this opportunity to welcome you all to a brand-new year. Thank you for listening and have a wonderful 2024.

Dr Alex C. Otti, OFR.

Unlock the Power of Tradebot Crypto: Strategies and Insights

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Crypto trading bots, or trade bots, are a practical way of automating orders on centralized and decentralized exchanges. Set them upright, and they can be highly effective, saving their operator time and money compared to manual trading.

But like any technology, automated trading bots are only as good as their parameters. The bot puts the work in, but the operator calls the shots, activating specific strategies to achieve the desired outcome. A tradebot can be relied on to execute buy and sell orders or to implement more advanced strategies when specific market conditions are met. However, it will be necessary to adjust the bot’s configuration periodically to optimize it or to occasionally switch to a different type of trade bot altogether.

Different Styles

There are many different types of trading styles and trading bots. Manual trading is The most known style, while automated trading has been on traders’ radars for over the past decades, growing in popularity each year.

As its name suggests, manual is “the manual” way, while automated is done for you. You simply set your trading conditions or parameters with the latter, and the rest is automated.

Going one step further, automated trading bots come in many different forms, such as DCA Bots – which automated that industry’s popular investment “Dollar Cost Average” strategy. 

DCA Bots

DCA bots combine the best of both worlds – the traditional Dollar Cost Average investment strategy cherished by the traditional markets for decades with the power of automated technology.

Depending on the platform you use to leverage such a technology, it can make a world of difference for your overall trading success. For example, Cornix.io’s DCA bot is efficient and uses powerful underlying technology, but it also offers many features that make it appealing to a wide array of traders.

Whether you want to “build” your perfect bot using a streamlined blueprint where all you have to do is set your trading parameters, or perhaps you want to engage in DCA copy trading from pre-existing successful bots, Cornix makes this possible. 

Cornix’s offering of DCA bot’s a trader’s dream for the sheer flexibility and easy-to-use platform alone. 

Copy Trading

Copy trading is another popular method that has caught on over the past years. Copy trading mimics other traders’ setups and trades through an automated bot.

This has proven to be a powerful and effective method, especially for those who may be newer to the world of trading, as they get to learn – by watching and studying the trades playout in real-time in front of them. 

Over time, through repetition, the end users can gradually learn more about certain indicators, trade patterns, and even trading pairs the producing trader publishes.

Leveraging Technology

We live in a digital age, and the power of technology has taken the cryptocurrency trading industry by storm. The tools and platforms will become stronger and more efficient as time progresses.

However, they will also get more complex (which is a good thing). One of the best things you can do is start getting acquainted with these tools and technology and begin incorporating them into your trading so that you can master them and stay ahead of the curve!

7 Compassionate Approaches to Business Success in 2024

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The new year is here. And people and businesses must adjust to the ups and downs that it entails. Inter-competitions and intra-competitions will take place throughout the next 365 days. According to our analysis, through inter-competition, people and businesses will compete for limited possibilities in certain countries, while others will have an abundance of options to draw from in order to create services and products that will assist capture significant financial value. Intra-competition, on the other hand, will occur inside individuals in terms of acquiring information and skills that will assure a higher position in the labor market or employment.

However, our analyst expects business environment to be more competitive once normal business activities resume following the New Year’s vacation. Our analysis has already revealed that consumers and organizations are very interested in what old and new businesses will offer in 2024. In the recent 24 hours, people were more interested in the new year (75.16%) than in business (24.83%), issues, or opportunities.

Our analyst notes that the environment of opportunities, difficulties, and the demand for moral business practices keeps changing as we enter a new year. The secret to successfully navigating 2024 is finding a balance between material achievement and a dedication to humanity. In this piece, our analyst looks at ways to help people and businesses prosper without sacrificing our collective well-being.

Exhibit 1: Global interest in 2024 and business

2024 competition
Source: Google Trends, 2024; Infoprations Analysis, 2024

Embrace Collaborative Leadership

In today’s interconnected world, collaborative leadership is essential. Businesses must cultivate a culture that promotes open communication, collaborative decision-making, and cross-industry collaboration. In 2024, we can address complicated challenges and create new opportunities for business and society by working together.

Prioritize Environmental Responsibility

Sustainable practices are no longer an option; they are required. Businesses must commit to minimizing their environmental footprint as climate change increases. Adopting environmentally friendly procedures, investing in renewable energy, and reducing waste not only contribute to a healthy planet, but also resonate positively with increasingly mindful consumers.

Promote Ethical Conduct Across the Supply Chain

Transparency and ethical sourcing are increasingly important components of business success. Make certain that your supply chain follows fair labour practices, respects human rights, and helps local communities. A dedication to ethical behaviour enhances brand reputation and develops long-term partnerships with customers that value ethical business operations.

Exhibit 2: Linearity of volume of searches with instance of search

2024 business opportunities
Source: Google Trends, 2024; Infoprations Analysis, 2024

Innovate for Social Impact

Innovation should not only address business margins, but also societal needs. Businesses that promote social impact projects such as education, healthcare, and poverty alleviation not only benefit humanity but also strengthen community bonds. Aligning innovation and social responsibility results in a win-win situation for both enterprises and society.

Cultivate Inclusivity and Diversity

Accept diversity in all parts of your organization, including gender, ethnicity, and viewpoints. Workplaces that are inclusive stimulate creativity, improve problem-solving skills, and contribute to a strong company culture. Businesses that prioritize inclusivity may tap into a varied pool of talent and better understand the different needs of their client base.

Invest in Employee Well-being

Recognize that your workforce is your most significant asset. Employee well-being should be prioritized by providing flexible work arrangements, mental health support, and professional growth opportunities. A happy, engaged staff boosts productivity, innovation, and overall corporate success.

Adaptability and Resilience

The corporate environment is changing, and unexpected issues will develop. Develop adaptation and resilience as corporate core values. Businesses that are nimble in the face of change may handle uncertainty with elegance, maintaining continuity and growth.

Happy New Year And Building the Ant-Hills

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The ant-hills are not built by the elephants but by the collective efforts of the little ants. The triumphs of 2024 will not come because of our  individual efforts; it will take a team, a village, a community, and a nation to ascend.

We have learnt in the past that the strongest among us is limited by the weakest in our midst. From most Nigerian experts, 2024 has many attributes to repeat the 2023 economic vagaries of high inflation, deterioration of currency, loss in manufacturing productivity, high cost of energy, and broad economic stasis.

But I tell you something: we as a people can reverse those challenges and deliver abundance for all.  It comes down to what we can do for our communities, states and the nation.

A recent report from Nigeria’s National Bureau of Statistics (NBS) noted that 27 states in Nigeria attracted $0 foreign investments for the first nine months of 2023. These are the states:

  1. Bauchi
  2. Bayelsa
  3. Benue
  4. Borno
  5. Cross River
  6. Delta
  7. Ebonyi
  8. Edo
  9. Enugu
  10. Gombe
  11. Imo
  12. Jigawa
  13. Kaduna
  14. Kano
  15. Katsina
  16. Kebbi
  17. Kogi
  18. Kwara
  19. Nasarawa
  20. Osun
  21. Oyo
  22. Plateau
  23. Rivers
  24. Sokoto
  25. Taraba
  26. Yobe
  27. Zamfara

You may wonder how such could be possible since these states have ministries and departments focusing on investments. Does it mean no one tried or they just hired highly unqualified people with no impacts?

Good People, while we always look at the governors, it goes beyond them to the team, and that means every person must do his or her job. Imagine if those governors clean houses today, and bring in some motivated people from our local banks, etc to support the states. It is troubling that 27 states out of 36 states recorded $0 when the message everywhere is how to attract foreign investments into Nigeria. That must change.

(Meanwhile, I thank my state of Abia for attracting $150 million in Q3 alone; the year 2024 will be better).

The Tech Careers of 2024 Will Evolve Around These 3 Words

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Every year, I take time to check the pulse of the IT  career market. Yes, what companies are looking for as they hire entry level engineers and tech workers. For 2024, I am using three words from a recent IBM recruitment message as the summary: curiosity, individuality and possibility.

In a recent recruitment flyer, IBM wrote, “Are you an IT or Computer Science graduate, ready to lead in this new era of technology and solve some of the world’s most challenging problems? Then apply for the IBM Graduate Programme and join IBM as a graduate trainee…. “ IBM summarized what they needed around those three words.

Looking at the three words, the second one – individuality – is noticeable. Notice that being good as an individual is now highly valued because increasingly AI is now our team members at work. In other words, if you have a lot of team members as AIs, the challenge now is how you will bring the specific and individual human element into the team. 

Sure, this is not to say that Teamwork is not important, but the message is clear: what you can deliver in a team of AIs is as valuable as what you can deliver as a team member in a world of humans.

That also underscores my point that the career of the future is not just prompt engineering  – helping machines understand humans – but how to help humans understand machines better, because overtime the machines will evolve!

Be curious, deepen your individual capacities and unlock possibilities. Happy New Year.

According to ChatGPT “…Prompt engineering is the process of designing effective and efficient prompts for generating high-quality responses from natural language processing models such as GPT-3. It involves the selection and combination of various text inputs that can help guide the model to produce specific outputs.

Prompt engineering requires a deep understanding of the underlying language model and the task at hand, as well as the ability to create prompts that are tailored to the specific needs of the user or application. The goal is to design prompts that provide sufficient context and direction to the model, while avoiding ambiguity or confusion that could result in incorrect or irrelevant responses.

Effective prompt engineering can significantly improve the accuracy and usefulness of natural language processing models, and is a critical component of many AI applications such as chatbots, language translation, and content generation…”