The founder of Hotels.ng, Mark Essien, has stated reasons why he cannot currently invest his money in Aba.
The Akwa Ibom State born ‘Software Developer’ who was in Aba, Abia State yesterday in attendance to #Startupsouth3, revealed this while undergoing an interview on stage regarding ‘Tech and Investment’ in Aba and South-South/South-East beyond.
Essien was called up on stage to speak on why investors should start investing in Aba, and the areas he thinks Investors should focus on. According to him, there is a huge market in Aba where investors can benefit a lot bigger, but right now he can’t invest in Aba.
It should be recalled that the state government led by governor Okezie Ikpeazu had recently flagged off a campaign called “Made-In-Aba fashion show in order to lure investors to invest in Aba market.
But speaking on why he said he can’t invest his money in Aba, he said, because the market on ground is not his type of play field.
Mark said, “to me, Aba is huge and has a lot of potentials to invest on, but I can’t put my money here, I can’t invest here, it’s not my type of business.
The Tech guru who was invited by the team of Startupsouth, mainly as an investor, to see if there are parts he could be interested to invest in Aba local manufacturers, further explained that if it’s a “Real Estate” Investment, he would have been the first go for it. He added that with the level of decayed environment in Aba, he did not find it worthy for any investor to invest his money here.
“We Investors do invest our money where we are sure of it, he said, while adding that shoe making is not his type of business and he can’t invest in it.
Contrary to that, other investors and speakers who spoke on the issues of investing in Aba pointed out the areas where the government needs to work on in order to drive investors to the city.
According to them, the government needs to give the local manufacturers an enabling environment to help their business thrive, including good roads, steady power supply and stop the excess collection of tax and levies.
Meanwhile, Startupsouth, an event that connects, exposes and attracts investment to startups and founders operating within the south-south/southeast ended in an awesome way in Aba, as a winner emerged.
In every annual startupsouth event, a winner must emerge whose invention/product must beat other startup pitchers.
This year, 2017 annual event, the winner goes to Team Touchabl pictures, the team won $500 dollars price including other recognition and the exposure for investors to invest in their startup.
Join UsFollow @abacityblog
Share your story with us via Whatsapp: 07038111972 or Email: firstname.lastname@example.org.Complain about a story or Report an error and/or correction: +2347038111972