The Abia State Government, in conjunction with the Aba Chamber of Commerce, Industries, Mines and Agriculture, is hosting the Aba Business and Leadership Summit with the theme, ‘Transferring Tested and Proven Business Models to the Next Generation’ to arrest the worrying trend of impactful businesses fading out with the demise of their founders.
The Summit aims to look into the issues relating to a malaise, the death of businesses after the death of their founders, and begin to synthesize solutions that will ensure the longevity of current successful businesses in the city and Abia State by extension.
How does this Summit connect with Abia State Plan
This summit fits perfectly in the Trade and Investment pillar of the Abia State Long-Term Development Plan (see Chapter 6, page 136-147)
The overwhelming goal of the trade and investment pillar of the Abia State Long-Term Development Plan (ABSLTDP) is to harness and mobilize private sector and citizens’ energies to stimulate and sustain growth and development of Abia State.
The strategy is for the government to drive the initiatives that will unleash the potentials of private participants, including MSMEs, to foster the growth and development of the State. The pathway framework adopted obviously indicates that the interventions of trade and investment pillar cut across all the sectors of the State.
Launching a 30-Year Growth and Development Plan: The Abia State 30-Year Long Term Plan (2020-2050)
Recommendations
In addition to developing the capacity of young business founders and addressing the worrying trend of dying trans-generational businesses, which is what this Summit addresses, the Abia State Long-Term plan (page 143-145) prescribes the following measures to support MSMEs in Aba and Abia State at large:
Conclusion
As a key development partner of Abia State, PIND Foundation is committed to supporting the State in the implementation of the 30-year Abia State Long-Term Development Plan which holds so much promise for Nde Abia and future generations. Thank you for continually making us your partner of choice.