FG Adopts Imo Economic Model as Strategy to Tackle Youth Unemployment
Tony Icheku in Owerri The federal government has adopted ‘One Kindred, One Business Initiative (OKOBI),’ an Imo State economic model, as a national strategy to tackle youth unemployment. Speaking at
The federal government has embraced the 'One Kindred, One Business Initiative (OKOBI)' from Imo State as a nationwide strategy to combat youth unemployment. Chief Economic Adviser to the Imo Government, Prof. Kenneth Amaeshi, explained that OKOBI converts informal local businesses - such as poultry, piggery, and palm oil production - into registered, profit-driven corporations.
Imo State Governor Hope Uzodimma stated that 65 community-owned businesses have been set up and await formal registration. Uzodimma emphasized that OKOBI aligns with the Igbo philosophy of Igwebuike, encouraging collective enterprise and wealth creation through unity. The governor stressed that successful incorporation is only the beginning, not the end, calling for strong governance structures and sustainability.
The initiative has gained international attention, with interest from institutions like the London School of Economics, Bangladeshi investors, and a U.S. firm. The state government will provide an enabling environment through policies and strategic partnerships, but private sector involvement is crucial for long-term survival.
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