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Kwarapreneur3.0: KPMO Commends KWASSIP On Its Excellent Screening Exercise

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Kwara Progressive Media Organization (KPMO) has commended the Kwara State Social Investment Programme (KWASSIP) under the leadership of Hon AbdulQawiyu Cook-Olododo in its ongoing business pitching exercise for the Kwarapreneur3.0 for the Kwara Youths.

Fidel Info reports that A statement signed by the convener of the organization, Usman Lade, said the commendation is necessary as a result of feedback gathered from different successful applicants selected for the screening exercise for the third phase of the scheme.

Usman said through Kwarapreneur, one of the key components of Kwara State Social Investment Programme, the initiative had contributed to the reduction of poverty in the State, through the flexible access to funding and training for entrepreneurs to kick-start their businesses and also expand existing ones to see that Kwara State fully becomes a business-driven economy State.

Usman further pointed out that recently, Kwarapreneur3.0 attracted about 15,000 applications from youth entrepreneurs from various sectors, such as Agribusinesses (farming, foodstuffs, productions, and agro machineries); Skilled Artisans; transport services; Clothing wears and Fabrics; Telecommunication services (POS, Phones accessories); among others.

“The screening exercise, as observed by some of our members yesterday and today has been very seamless, transparent and coordinated – devoid of sentiments, fear or favor to anyone”

“We must also commend the management of KWASSIP under the leadership of Hon. AbdulQawiy Cook-Olododo for its professional conduct at the ongoing business pitching exercise conducted for prospective beneficiaries of Kwarapreneur3.0”

“While commending the applicants for their resilient, and composure and for trusting the process, we also urged them to sustain their cooperation with the panels, staff, and management of KWASSIP throughout the business pitching exercise expected to last for the next few days”.

Usman Lade, in his statement equally appealed to members of the public to continue to support the program and the administration of Mallam AbdulRahman AbdulRazaq which continues to show concern for the welfare of every member of the society.

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Business

Jobs Creation: Kwara Garment Factory Ready For Commissioning

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The Kwara State Garment Factory is one of the legacy projects of Governor AbdulRahman AbdulRazaq which will place the State on the map and make it a go-to place for garment production in the country.

Fidel Info reports that It’s an investment primed to raise the business outlook of the State, improve the State’s IGR and generate several employment opportunities for the people.

The factory has already been equipped with industrial machines and materials that will make its operations seamless and efficient.

The factory is made up of the production section, embroidery section, cutting section and other sections which have been equipped with sophisticated machines, such as Lockstitch Sewing machines, Pneumatic Cuff and Collar Pressing, Turning and Trimming machines, Coverstitch and Overlock Sewing machines.

The Kwara State Garment Factory will be the largest in West Africa upon completion and delivery.

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Business

Real Estate Sector Contributes N20tn To GDP

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In the first three quarters of 2022, economic activity in the construction and real estate industries contributed N20 trillion to the Gross Domestic Product of the country.

Fidel Info reports that This is according to the National Bureau of Statistics’ report on GDP.

According to the research, real estate only contributed N7 trillion to the GDP while construction services generated N12.9 trillion.

Further research showed that construction increased in nominal terms (year-over-year) by 18.92% in the third quarter of 2022, contributing 9.5% to nominal GDP, up from the quarter’s 9.26% contribution a year earlier and 7.95% contribution the previous quarter.

However, the sector experienced a decline of 28.75% points compared to the rate of 47.67% seen in the same quarter of 2021.

The national statistics authority reports that the nominal growth rate for real estate services was 9.13%, which is 0.50 percentage points higher than the growth rate reported for the same quarter in 2021 and 3.68 percentage points lower than the Quarter before.

The sector’s growth rate was 16.38% quarter over quarter. In comparison to the 5.27 percent recorded in the third quarter of 2021 and higher than the 4.95 percent accounted for in the second quarter of 2022, the contribution to nominal GDP in Q3, 2022, was 4.96 percent.

By summing up gross outputs such a total of fees, the value of work completed, commissions due for services supplied, and other incomes, the NBS determines the sector’s contribution.

It also considers intermediate consumptions such as details of the cost structure including transportation fees, operational expenditure, minor repairs and maintenance etc.

Reacting, the Chairman, Real Estate Developer Association of Nigeria, Aliyu Wamakko, stated that the contributed amount had revealed what the private sector could achieve.

He said, “When you talk about real estate, it is driven by private investors. This means for any economy to strive, the private sector must be given a platform and a level playing ground for them to perform.”

“For example, creating jobs in real estate doesn’t require an incubation period, anytime you start building a house, at least 25 persons will get a job. So, if the government want to support the economy of the country, more opportunities should be given to the private sector.”

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Business

Elon Musk Reinstates Donald Trump’s Twitter Account

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Former US President Donald Trump’s Twitter account has been reinstated on the platform.

Fidel Info reports that The account, which Twitter banned following January 6, 2021, attack on the Capitol, was restored after Twitter CEO and new owner Elon Musk posted a poll on Twitter on Friday night asking the platform’s users if Trump should be reinstated.

“The people have spoken. Trump will be reinstated,” Musk tweeted Saturday night. “Vox Populi, Vox Dei,” Latin for “the voice of the people is the voice of God.”

The final poll results on Saturday night showed 51.8% in favor and 48.2% opposed. The poll included 15 million votes.

The much-anticipated decision from the new owner sets the stage for the former president’s return to the social media platform where he was previously its most influential, if controversial user, with almost 90 million followers and tweets that often moved the markets, set the news cycle and drove the agenda in Washington.

Trump has previously said he would remain on his platform, Truth Social, instead of rejoining Twitter, but a change in his approach could hold major political implications. The former president announced this month that he will seek the Republican presidential nomination in 2024, aiming to become only the second commander-in-chief ever elected to two non-consecutive terms.

Asked on Saturday what he thought of Musk purchasing Twitter and his future on the platform, Trump praised Musk but questioned whether the site would survive its current crises.

“They have a lot of problems,” Trump said in Las Vegas at the Republican Jewish Coalition meeting. “You see what’s going on. It may make it, it may not make it.”

Still, Trump said he liked Musk and “liked that he bought (Twitter.)”

“He’s a character and I tend to like characters,” the former president said of Musk. “But he’s smart.”

Throughout Trump’s White House tenure, Twitter was central to his presidency, a fact that also benefited the company in the form of countless hours of user engagement. Twitter often took a light-touch approach to moderating his account, arguing at times that as a public official, the then-president must be given wide latitude to speak.

But as Trump neared the end of his term – and increasingly tweeted misinformation alleging election fraud – the balance shifted. The company began applying warning labels to his tweets in an attempt to correct his misleading claims ahead of the 2020 presidential election. And following the US Capitol riot on January 6, 2021, the platform banned him indefinitely.

“After close review of recent Tweets from the @realDonaldTrump account and the context around them we have permanently suspended the account due to the risk of further incitement of violence,” Twitter said at the time. “In the context of horrific events this week, we made it clear on Wednesday that additional violations of the Twitter Rules would potentially result in this very course of action.”

The decision followed two tweets by Trump that, according to Twitter, violated the company’s policy against the glorification of violence. The tweets, Twitter said at the time, “must be read in the context of broader events in the country and how the President’s statements can be mobilized by different audiences, including to incite violence, as well as in the context of the pattern of behavior from this account in recent weeks.”

The first tweet – a statement about Trump’s supporters, who he called “75,000,000 great American Patriots who voted for me” – suggested that “he plans to continue to support, empower, and shield those who believe he won the election,” Twitter had said.

The second, which indicated he did not plan to attend Joe Biden’s inauguration, could be viewed as a further statement that the election was not legitimate and could be interpreted as Trump saying that the inauguration would be a “safe” target for violence because he would not be attending, according to Twitter.

Soon after Trump’s Twitter ban, he was also restricted from Meta’s Facebook and Instagram, which could also restore his accounts as soon as January 2023.

On November 18, Musk tweeted that he had reinstated several controversial accounts on the platform, but that a “Trump decision has not yet been made.”

“New Twitter policy is freedom of speech, but not freedom of reach,” he said at the time. “Negative/hate tweets will be max deboosted & demonetized, so no ads or other revenue to Twitter. You won’t find the tweet unless you specifically seek it out, which is no different from the rest of the Internet.”

Musk had previously said he disagreed with Twitter’s permanent ban policy, and could also return other accounts that had been removed from the platform for repeated rules violations.

“I do think it was not correct to ban Donald  Trump; I think that was a mistake,” Musk said at a conference in May, pledging to reverse the ban were he to become the company’s owner.

Jack Dorsey, who was the CEO of Twitter when the company banned Trump but has since left, responded to Musk’s comments saying he agreed that there should not be permanent bans. Banning the former president, he said, was a “business decision” and it “shouldn’t have been.”

NAACP President Derrick Johnson called on advertisers still funding Twitter to immediately stop all ad buys.

“In Elon Musk’s Twittersphere, you can incite an insurrection at the U.S. Capitol, which led to the deaths of multiple people, and still be allowed to spew hate speech and violent conspiracies on his platform,” Johnson said in a statement. “If Elon Musk continues to run Twitter like this, using garbage polls that do not represent the American people and the needs of our democracy, God help us all.”

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