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How do we get the unemployment rate to a single digit in Abia State?

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In 2000, Abia State unemployment rate was 4.2%. By 2019, it had risen to 32.5%. The question is: how do we get the unemployment rate to a single digit? In other words, how do we get Abians back to work?

This is a very important issue because I met Aba, the heart of the state, when it was still working. As an intern in NNPC Nigerian Gas Company (Moscow Road, PHC), my duty station was Owaza Gas Flow station. Weekly, from Owaza, I would go and read gas meters in Aba Glass Industry, etc, which received gas from the flow station. Those pipelines were there and from Owaza, NNPC supplied gas to Aba industries.

Today, we are talking of providing gas pipelines to power companies in Aba. But decades ago, there were working pipelines! What happened to those infrastructures? Big question indeed.

Good People, a new Abia is coming and we need your support to build new industries and get young people back to work!  Mr. Governor-elect, Dr Alex Otti, made that promise and we’re confident he will fulfill it to young people and all Abians. As part of helping his playbook, share your answer on “how do we get the unemployment rate to a single digit in Abia State?”

Prof Ndubuisi Ekekwe

Co-Chair, Abia State Economic Transformation Transition Council

Comment

My Response: I have read the 50 year plan two times. Great work. But notice that it omitted clearly how to fund these elements. Abia does not have the luxury of listing every nice cookie without how to pay for it. Government does not need to run a bank. But the government should make it easier for private banks to do their jobs. With billions of naira in debt, a spending-based strategy will not pick up. We’re exploring how we create and improve ease of doing business so that companies/investors can see the opportunities and come.

Comment here:

My Response: in Igbo culture, you do not ask your host for kola because you have none. In consultative leadership, seeking inputs to refine ideas cannot be a sign of weakness. The problems are known. Some solutions are at work. But engaging communities to architect their futures has always worked because when people are part of designing the system, the execution is always better. We do not want to stay in one room, write and push on the citizens. So, we’re speaking with community leaders and we’re confident that a transparent honest conversation will help to shape priorities.

Comment 3: Prof Ndubuisi Ekekwe, I strongly believe you and your esteemed team have all it takes to reduce unemployment rates in Abia State, Nigeria, to single digits. The state’s unemployment rate rose from 4.2% in 2000 to 32.5% in 2019, making it important to create new industries for job opportunities.

To tackle unemployment in Abia State, solutions include:
Promoting and supporting entrepreneurship (by providing support programs, training, and funding to enable young people to start their businesses), attracting investments (local and foreign investors), developing infrastructure (to enhance transportation, communication, and energy supply), encouraging public-private partnerships (PPP) (The government can work in partnership with the private sector to provide support and investment in critical sectors of the economy), and improving education and skills development (The government can invest in education and skills development programs that will equip young people with relevant skills for the job market.)

Comment 4: There has to be a way to move Micro Enterprises into Small and Medium enterprises by helping them grow, Having access to what’s needed

I’ll opine there should be a functional business school in Aba where thorough knowledge of how to build aright, can be shared

Open up The Technology Incubation Centres and industrial parks to serve as sandbox for various industries… food, leather, fashion etc… where ideas can be birthed and place some government owned Enteprise support fund [Part Loan, Part Grant or Part Equity]. The industrial hub should have its own power or dedicated power lines

Aba Needs Indigenous Tech startups that can digitize ecosystems and Capture values and employ people in large volumes. But more importantly, facilitate transactions – I think the tech ecosystem needs to be built for startups incubation, harnessing of its Higher Education students for localized and remote works

Can we Gamify SME support!? and reward get getting

These, and more I believe can be done

Fintech Firm Klarna Redesigns App, Introduces TikTok-Like AI-Powered Features to Enhance User Experience

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Financial services company Klarna has redesigned its app to introduce TikTok-like features, powered by Artificial Intelligence (AI) to enhance users’ experience.

The fintech company disclosed that its new design would help users find items they want by using more advanced AI recommendation algorithms, while merchants will be able to target customers more effectively.

Based on the shopping behaviors of Klarna shoppers and their favorite brands, the AI tool will create a personal profile for them. Thus, these shoppers will receive recommendations from Klarna’s 500,000 retailers including some of the top players like H&M, Nike, etc.

Speaking on the rollout of Klarna TikTok-Like AI-Powered Features, the company’s Chief marketing officer David Sandstrom stated that the inspiration was gotten from Chinese firms, as he noted that top shopping platforms in China have been leveraging the use of AI-driven shopping which has been effective.

In his words,

In China, a couple of years ago, 90% of transactions started with a search. Nowadays, less than 50% of purchases start with a search because recommendations are so tailored to them. Our ambition is to basically offer people products and brands before they knew they wanted them”.

Sandstrom further stated that it would be naïve to compare Klarna’s features to TikTok’s recommendations. He said it would be a blatant lie that the company is close to the short-form video-sharing platform, however, Klarna has the prerequisites to do that.

Previously, the fintech company also launched the ability to integrate OpenAI’s Chatbot ChatGPT into its service along with a plugin that allows users to ask the chat or platform for shopping inspiration. Instead of relying on AI alone, Klarma looks to personalize its services further and recently launched the “Ask Klarna” feature, which allows shoppers to chat with or seek video advice from specialists.

Among the other features Klarna is rolling out is a resale option that lets people sell used clothing, electronics, and other items through a partner platform. Klarna joins a host of other tech firms that are incorporating AI-powered technologies into their products to enhance users’ experience.

Founded in 2005 in Stockholm, Sweden, to make it easier for people to shop online. With technology rapidly evolving, Klarna has continued to upgrade its services with its mission to make paying as simple, safe, and above all, smooth as possible.

Klarna is the leading global payments and shopping service, providing smarter and more flexible shopping and purchase experiences to 150 million active consumers across more than 500,000 merchants in 45 countries. The company offers direct payments, pay-after-delivery options, and installment plans in a smooth one-click purchase experience that lets consumers pay when and how they prefer to.

Bitcoin Roundup and Major News In the World of Crypto

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The Crypto Industry last weekend experienced a sharp decline in the price of Bitcoin the world leading decentralized digital asset and other major coins like Ethereum, Solana, Binance coin BNB slightly decline in price. Bitcoin started last week Monday with record high above $30,000 per BTC, Ether around the $1.8k zone and BTC currently trading at $27,450.

Some analysts anticipated such an outcome and even predicted a significant pullback. But is a strong pullback below $20,000 probable if those predictions are correct?

Here’s what we know so far based on recent data. The latest Glassnode alert revealed that the amount of Bitcoin supply that was active in the last two to three years just soared to a 2-year high.

This meant many individuals holding BTC had started moving their coins. Such an outcome suggests that many of them might be selling their coins in anticipation of higher sell pressure.

The bearish expectations also reflected the current state of the market. BTC just concluded a bearish week characterized by whale outflows.

Whales were trimming their balances since mid-April according to the addresses with balances equal to and greater than 1000 BTC.

Source: Glassnode

Meanwhile, futures long liquidations increased since mid-April but dropped off from 21 April. Why is this important? Well, the initial surge in liquidations may have fueled more sell pressure as leverage traders were forced to sell.

However, the drop-off in long liquidations indicated that sell pressure might slow down.

BTC exchange inflows have dominated compared to outflows since mid-month. Exchange outflows also increased, likely due to investors buying the dip. The rate of flow for both has been slowing down in the last two days.

Source: Glassnode

Interestingly, the latest exchange flow data revealed that BTC exchange outflows were slightly higher than inflows. This was a sign that demand was starting to outweigh sell pressure. But does this reflect the price action?

BTC price action

Bitcoin’s $27,557 press time price hovered above its 50-day moving average which may act as a psychological buy zone. But is a strong bounce-back possible at this point? Yes, but so is the possibility of an extended downside.

BTC has been trading within a support and resistance range. Its latest pullback since mid-April came after the price retested the ascending resistance line indicated in the chart below.

Source: TradingView

So, what should investors watch out for? A strong resurgence in demand for the 50-day moving average may signal a strong bounce back. Weak demand may pave the way for extended sell pressure.

The second outcome may encourage more selling which will eventually push toward the ascending support range. Such an outcome would lead to the next significant support retest near the $22,900 price range.

Exporting Products from Nigeria: Planning and Management – Tekedia Live

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At Tekedia Mini-MBA, we run one of the finest business schools for innovators, entrepreneurs and professionals in Africa. Today, we are going to discuss exports in Africa with specific focus on Nigeria. Our faculty is Mr. Export, Idris Mamukuyomi, CEO of Afriexporter. Zoom link in the Board.

Fun part: Mr. Mamukuyomi, a graduate of Tekedia Mini-MBA, is so excited to return as a Faculty. According to him, Tekedia Institute Mini-MBA transformed his perspectives and through those experiences, he has scaled his mission.

Tekedia Mini-MBA: learn from the best

RenQ (RENQ) vs HedgeUp (HDUP), Experts Believe They Will Be the Best 30X Presales in 2023

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It is the presale season in crypto. And as expected, the most promising projects are making the most out of it by continuing to attract investments.

RenQ (RENQ) and HedgeUp’s (HDUP) are the two projects that have been attracting the most investors. This is thanks to their incredible potential. In fact, experts believe that they could 30X, making them the best presales of 2023.

RenQ Finance (RENQ) Raises Over $14 Million in Ongoing Presale

RenQ (RENQ) Finance is a decentralized finance (DeFi) platform that has taken the space by storm. It’s highly successful presale has seen the platform raise $14.1 million in the ongoing presale of its token, RenQ (RENQ) . The presale’s success is down to the platform’s innovative features and potential for growth which have made it especially attractive to investors.

RenQ (RENQ) Finance is building a unified DeFi platform that will provide users with a wide range of DeFi services. Users will be able to take part in trading, staking, yield farming, lending, borrowing, and asset exchange on its decentralized exchange (DEX).

The exchange will be multi-chain. That way, the project hopes to connect isolated blockchains, allowing users to conveniently make cross-chain asset swaps. The RenQ (RENQ) token will be used for paying trading and transaction fees on the platform.

RenQ (RENQ) presale began in Q1 2023. It is currently in its sixth stage, where each RenQ (RENQ) is available at $0.050 per token. It has been an impressive run so far. The RenQ (RENQ)  token has sold out at multiple stages and is expected to continue this run until the eighth and final presale stage. This will put it among the top-performing presales of the year.

Investors Continue to Show Confidence in HedgeUp (HDUP)

HedgeUp’s (HDUP) is an innovative DeFi project that has also been making waves in crypto. Although still in the early stages of its token’s presale, HedgeUp (HDUP)  has attracted considerable attention from investors worldwide.

HedgeUp’s (HDUP) is building the world’s first Web3 alternative investment trading platform. The platform will allow people to easily invest in alternative assets like jewellery, artwork, beverages, and more. That way, they can diversify their investment portfolios beyond crypto assets.

These assets will be tokenized into NFTs that people can buy and sell on HedgeUp (HDUP)’s trading platform. The NFTs allow for fractional ownership of the underlying asset. Therefore, investors don’t have to spend a lot of money trying to own the whole thing.

According to the HedgeUp’s (HDUP) team, the project “enables everyday people to become investors through its groundbreaking NFT trading platform.”

It’s no wonder why the HedgeUp (HDUP) token has been doing so well in its presale. Currently in stage 2 of the presale. Well over 60 million tokens have been sold so far as investors rush to take advantage of the cheap price.

HedgeUp’s (HDUP) is selling the HDUP token at $0.013. Given the immense potential of the project, HDUP may 30X in the next bull run. Therefore, the best time to buy the token is now.

> Buy HedgeUp Now <<

 

For more information on HedgeUP click the links below:

Telegram Link: https://t.me/HedgeUpChat

Presale Sign Up: https://app.hedgeup.io/sign-up

Official Website: https://hedgeup.io