Imo leads other states in entrepreneurship development
09 May 2023 |
2:53 am
Imo State has ranked number one in terms of digital innovation and entrepreneurship development among the states of the federation. The new State of Entrepreneurship Index Report for Nigeria by the FATE Institute...
• SkillUpImo, others drive positive ranking
Imo State has ranked number one in terms of digital innovation and entrepreneurship development among the states of the federation. The new State of Entrepreneurship Index Report for Nigeria by the FATE Institute, a subsidiary of FATE Foundation, placed Imo atop the other 35 states and the Federal Capital Territory (FCT).
The index is a yearly measure of state of entrepreneurship development in Nigeria. According to the report, made available to the The Guardian, Imo swept maximum points in the five parameters considered in the study. The parameters include: business performance, skills acquisition, innovation and digital technology adoption, perception of the future opportunities and enabling business environment. Each parameter carries 20 points.
Imo scored 17, 16, 18, 22 and eight points, respectively, raking an aggregate Index Score of 82 points. The state gapped the first runner-up, Bauchi, by 10 points. While Bauchi and Delta scored 72 and 70 points, respectively.
In the report, Kaduna, Lagos, Rivers, Oyo, Ogun, and Kano were ranked 8th, 13th, 15th 16th, 17th and 21st, respectively, while FCT managed a distant 36th. After the top three, 12 states scored between 60 and 69 points; 15 states within 50 and 59; three between 40 and 49, while Kogi, FCT and Taraba scored between 36 and 39 points.
Commenting on the report, Imo State Commissioner for Digital Economy and E-Government, Dr. Chimezie Amadi, expressed satisfaction that the digital entrepreneurship initiative for the youths was yielding positive result.
“We are happy that our modest work in Imo, via SkillUpImo Project and other laudable people-centred initiatives, under the leadership of Governor Hope Uzodimma, has placed the state on top of the national log of the State-Level Entrepreneurship Index ranking, published by the FATE Institute,” he said.
Amadi said SkillUpImo alone would train 300,000 youths in the state, adding that the implementation had been upbeat, with 5,000 trained in various digital skills, while the ministry targets 15,000 in the second Cohort.
He expressed the Uzodimma administration’s commitment to driving greater entrepreneurship and creating enabling environment for such to thrive, as big organisations and tech giants are already partnering Imo in the drive. He also noted that beneficiaries of the scheme are contributing to the state’s economic development.
Executive Director, FATE Foundation, Adenike Adeyemi, said: “Given that entrepreneurship is key to the development of any economy through its contribution to job creation, revenue generation and improved citizens’ welfare, this index provides quantifiable information that can help policy makers assess interventions against a set of indicators – business performance, skill acquisition, innovation and technology adoption, perception of opportunities and an enabling business environment.”
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