Federal Government Scales Up Imo's One Kindred One Business Initiative to Combat Unemployment

The Federal Government of Nigeria has approved a nationwide expansion of the "One Kindred One Business Initiative" (OKOBI) from Imo State as a strategic measure to address unemployment and stimulate economic growth. This initiative was launched by Vice President Kashim Shettima at the Claretian University of Nigeria in Nekede, Imo State. Shettima emphasized that entrepreneurship is essential for the growing youth population, aligning with national priorities such as financial inclusion, digital adoption, and gender equity.

FG Adopts Imo Local Initiative to Tackle UnemploymentFG adopts Imo local initiative to tackle unemployment, boost economyFG To Boost Economy Employment Through Imo Local InitiativeDaily Trust

The OKOBI initiative aims to foster collective entrepreneurship by leveraging local communal structures to enhance local economies and reduce poverty through grassroots business creation. It is designed to support vulnerable groups and ensure universal participation. The initiative is structured into three categories: community, social groups, and student clubs, encouraging diverse participation across different demographics.

FG adopts Imo local initiative to tackle unemployment, boost economy

Governor Hope Uzodimma of Imo State reiterated the state government's commitment to innovation and community-driven development. He described OKOBI as a movement that not only stimulates economic growth but also fosters self-reliance and job creation. According to Chief Economic Adviser Kenneth Amaeshi, the initiative has already facilitated the creation of over 20,000 jobs through more than 600 businesses.

FG adopts Imo local initiative to tackle unemployment, boost economyFG Adopts Imo Local Initiative to Tackle UnemploymentDaily TrustFG To Boost Economy Employment Through Imo Local Initiative

The initiative has garnered support from various stakeholders, including IHS Nigeria, which has provided grants to beneficiaries. This financial backing is seen as an investment in the future of the state, aimed at empowering communities and enhancing local economies. The Director of Sustainability at IHS Nigeria, Mrs. Titilope Oguntuga, highlighted the initiative's role in improving financial literacy and enabling informal businesses to access banking services.

FG Adopts Imo Local Initiative to Tackle Unemployment

Vice President Shettima stated, “This initiative aligns strongly with our broader national priorities. It supports financial inclusion by encouraging savings, investment, and access to finance.” He also expressed optimism that OKOBI would improve Nigeria’s global Human Capital Index ranking by 2030. Governor Uzodimma emphasized the initiative's transformative potential, urging students to utilize the platform for impactful ventures.

FG Adopts Imo Local Initiative to Tackle UnemploymentFG adopts Imo local initiative to tackle unemployment, boost economyDaily TrustFG To Boost Economy Employment Through Imo Local Initiative

While the initiative has received widespread support, some critics have raised concerns about the effectiveness of grassroots initiatives in addressing systemic unemployment issues. They argue that without comprehensive policies addressing the root causes of unemployment, such initiatives may only provide temporary relief.

FG Adopts Imo Local Initiative to Tackle Unemployment

The Federal Government's endorsement of the OKOBI initiative as a national model for job creation suggests a commitment to scaling similar programs across the country. Stakeholders anticipate that expanding this initiative could significantly enhance financial inclusion and create sustainable livelihoods nationwide.

Daily Trust

• “He said: “Let me emphasise that this initiative aligns strongly with our broader national priorities.” — Vice President Kashim Shettima

FG Adopts Imo Local Initiative to Tackle Unemployment

• “This initiative is not just a policy; it is a movement, designed to stimulate economic growth in our higher institutions and community levels.” — Governor Hope Uzodimma

FG Adopts Imo Local Initiative to Tackle Unemployment

• “OKOBI is an attempt by the government to address unemployment from the grassroots” — Chief Economic Adviser Kenneth Amaeshi

FG Adopts Imo Local Initiative to Tackle Unemployment

• “We believe that when communities are equipped with the right tools and opportunities, they can transform their own future,” — Mrs. Titilope Oguntuga

FG Adopts Imo Local Initiative to Tackle Unemployment