Growing Abia, Growing Nigeria: The Power Of Industrialization – By Dr. Chukwuemeka Ifegwu Eke
Growing Abia, Growing Nigeria: The Power of Industrialization Abia State's industrialization efforts are gaining momentum, driven by a N10 billion Memorandum of Understanding (MOU) with the Bank of Industry (BOI) to boost entrepreneurship and small and medium-scale enterprises (SMEs) in sectors like agriculture, ICT, and manufacturing. Key StatisticsAbia State's GDP is believed to be N2.78 trillion (2022), with a 7.2% growth rate, while, Unemployment Rate is 24.7% (2022). Dr Otti is targeting a 10% reduction through industrialization. So far, the SME's Contribution is pegged at 48% of Abia State's GDP, employing 70% of the workforce. It is interesting to note…