THE VISION
The foundation for this group is centered
around an entrepreneurial vision of creating
small businesses in Africa.So instead of
looking for government to create jobs, we
focus on small business startups. We did this
because we realize that there is difference
between possessing and keeping or making
use of your possession.
For example, Nigeria possesses huge wealth
(oil, minerals {iron ore, gold, bitumen, coal,
limestone, niobium, lead, zinc, arable land}
agricultural, natural gas and human elements).
The oil and gas sector accounts for about 10%
of gross domestic product, and petroleum
exports revenue represents almost 83 per cent
of total exports revenue.
(As of today, Nigeria is endowed with about 34
solid minerals identified in 450 locations in
the country. (plus 56 untapped natural
resources)It has been reported that Nigeria
losses about N50 trillion annually from her
untapped resources. From untapped gold
alone Nigeria is losing more than N8 trillion.
These are royalties, taxes, charges and other
fees the federal and local government would
have earned.For instance, Plateau State has
about 22 various mineral deposits, and
Nasarawa, 21; Kaduna, 19; Sokoto, 12; Ondo, 12;
Bauchi, 11; Edo, 11; Oyo, 11; Benue, 10; Kogi, 9;
Anambra, 9; Kwara, 8; Borno, 8; Delta, 8;
Bayelsa, 8; Cross River, 8; Imo, 8; Kano, 7; Akwa
Ibom, 7; Abuja, 7; Ogun, 7; Abia, 6; Rivers, 6;
Osun, 6; Ekiti, 5; Adamawa, 4; Ebonyi, 3;Enugu,
3; Katsina, 3; Lagos, 3; Niger, 3; Gombe, 2; Yobe,
2; Zamfara, 2 with Jagawa, Kebbi, and Taraba
states that has one. The problem is that
Nigeria does not HAVE THE MEANS TO KEEP
THAT WEALTH.
This is how and why wealth is stolen from
Nigeria. The secret is to KEEP the wealth in
Nigeria and develop it effectively, and profit
from it, for the benefit of the Nigerians.
Nigeria has four billion tons of iron ore reserves, but does
not know how to extract it and treat it adequately, it has
huge amount of agricultural products but still imports
food, it has 200 million Nigerians, but they migrate to USA,
Europe and Canada because they cannot get work in
Nigeria.
So, ASBG was started to DEVELOP African wealth inside
Africa.
Thank you.
Andrew Adeniji
Africa Small Business Group
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