Abia State Government has announced that it is organizing an Aba Business and Leadership Summit with the theme “TRANSFERRING TESTED AND PROVEN BUSINESS MODELS TO THE NEXT GENERATION” slated for May 26 and 27, 2021 at Aba Sports Club, Aba, Abia State.

The Director General of Abia State Marketing and Quality Management Agency (ASMQMA), Barr. Sam Hart who spoke on behalf of the State Government in a press conference held recently at Aba Chamber of Commerce, Industries, Mines and Agriculture (ACCIMA) said essence of the summit, which he disclosed is being organized in partnership with Aba Creative Collectives and ACCIMA, is to steer a conversation and proffer solutions to issues relating to why successful businesses collapse once the initiators passes away.

“We all know that Aba is the Hall of business in West Africa, it is also the business headquarters in West Africa which is undisputable. Over the years there are businesses we heard off in the past that we no longer hear about them today and the question becomes why. Why does somebody set up a business, run the business during his lifetime and as soon as a person dies the business collapses and folds away, there is no continuity?
We just have few businesses that have survived after their business owners have passed away striving to succeed. So, we want to have a conversation in that aspect as to understand and know those factors that leads to businesses not to surviving after their owners have passed away. We want to address those factors that does not account for sustainable business practices,” he said.

Barr. Hart, who informed that the Governor of Abia State, Dr. Okezie Ikpeazu who is the Chief Host is very enthusiastic about the success of Summit, revealed that the Day-One will have the Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbanjo as Special Guest of Honour declare the event open, while the former Governor of Anambra State, Mr. Peter Obi will be the Keynote Speaker, with Prof. Barth Nnaji, the Promoter of Geometrics Power, Mr. Innocent Chukwuma, the CEO of Innoson Group of Motors, Dr. Cosmos Maduka, the CEO of COSCHARIS, Chief Emeka Onwuka, former Managing Director of Diamond Bank and Chief Minister Officer of Circlet Petroleum, Mr. Darl Uzu, and Mr. Uche Orji, the Managing Director of the Nigerian Sovereign Investment Agency, Mr. Uduakomiri Leo, Nnodum Okoye, Cheif Jerry Kalu, Chief John Udeagbala all making up the discussants and panelists list, as well as Prof. Gregory Ibe, the Chancellor of Gregory University, Mr. Nnamdi Ezigbo, the CEO of Slot Group as other guests invited to host the event.

Development Partners, Business Support Federal and State Agencies, Market Associations, Captains of Industry, Aba Business Community, Acadmia he also named as guests for the Aba Business and Leadership Summit.

The ASMQMA Boss said the event is open for all to attend including youths from higher institutions, adding that the discussion on transgenerational business sustenance will inform the youthful generation of what the older generations are doing and as such guide them to grow and meet up with the wealth. He appreciated the President and Officials of ACCIMA for their support and good spirit over the planning of the upcoming Summit.

Also speaking, the ACCIMA President, Sir Lawrence Obeta thanked Governor Ikpeazu for his infrastructural development across Abia State, expressing gratitude for the opportunity to engage the Aba businessmen through the Summit. He noted the immense benefits the event could avail the Aba business community both at the State and Federal levels respectively.

He urged business owners not to run a one-man businesses adding that such business ventures would fold up once the onwers are no more. He advised them to involve their children and close family members both in the planning stage and running of their companies as this will help their children get down to the nitty-gritty of the “dos and don’ts” of sustaining a success business venture.

Abia Online reports that ACCIMA Ex-Officio, Dr. Jide Nwabueze, Lady Princess Chinenye Ogalabu, Hon. Emeka Onuoha, Chief Ann Osake, Eke Eleanya Kalu, Mr. Ugomdi Ogbonna, and Chinyere Akataobi were amongst other stakeholders present at the press conference.


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