Awka - Mr Osita Okeke, the Co-coordinator,
Concerned Anambrarians for Development (CAFD), has expressed concern over the
rate of industrial collapse in Nigeria.
Okeke told the News Agency of Nigeria (NAN) in Awka on
Thursday that the unfortunate scenario had crippled the country's economy.
He said that the group had, however, planned the second
Nigeria-Anambra International Business and Product Exhibition in Awka from Nov.
17 to 19 to address the issues of industrialisation.
Okeke decried the high incidence of failed businesses in
Nigeria, saying that this had fueled the decision to hold the business expo in
Also read: Buhari pledges to support science, technology to boost economic
He said that the expo would help to ensure proper exchange
of ideas and international business best practices, to get the people better
equipped for explosive industrialisation in the country.
Okeke said that other problems to be addressed at the expo
included lack of funds, wrong application or fund diversion that affected the
survival and eventually collapse of most of the industries and organisations.
He said others included poor staff welfare scheme, lack of
adequate staff training, poor recruitment procedures and lack of relevant
Okeke said that notable entrepreneurs from Canada, United
Kingdom, Japan, Hong Kong and United States of America had indicated interest
to participate in the expo.
He urged Small and Medium Enterprises in the country to
participate in the venture.
"We are fully poised to help our people blaze the trail and
break new grounds with their products in the international markets, to kill rising
unemployment and shore up the economic welfare of our people,’’ Okeke said.