Udom Inoyo urges Akwa Ibomites to cut down on burial expenses and invest more on small/medium scale enterprises
A foremost governorship aspirant in Akwa Ibom State and Advisor, Inoyo Toro Foundation, Mr. UDOM INOYO has called on Akwa Ibom people to reduce their expenditures on burial ceremonies and instead channel such funds to establishing small and medium Scale businesses to reduce poverty and unemployment in the land.
Mr. Inoyo made the call while speaking at a dinner he hosted in honour of Prof. Joseph Ushie, Dean of the Faculty of Arts, University of Uyo, who was recently inducted as First Fellow, Association of Nigerian Authors from Akwa Cross.
He lamented what he described as ” a deep passion for consumption and waste” by the citizenry particularly investment on burials, and called for a change of attitude.
“Anytime, I mean every weekend, I am getting like ten invitations for burials, and when we attend those burials, the canopies, drinks, food, uniforms, everything that is put into that consumption exercise is such that can stimulate SMEs”.
Inoyo wondered why people in an economy replete with poverty and large scale unemployment could choose to invest in ventures that yield no benefits or add value to the economy, the society or their lives and queried “how much does it cost to setup a small business that will employ 20, 10 or 5 people, like hairdressing, barbing saloon?…N200,000, N500,000″
He believes that the Media and the church can help in educating the people about the dangers inherent in continued huge investment in burials and high consumption appetite and urged the two channels of communication to help pass the message across.
Mr. Inoyo is a former Executive Vice Chairman of ExxonMobil Affiliates in Nigeria.