More than 14 fictitious businesses formed by Rivers State high school students competed last weekend for the sole spot to represent Rivers State in the 2022 national business pitch.
After fierce competition, Octagram Achievers Company at Redeemer International High School in Garden City stood out from the rest.
Gifted Hands Achievers from Port Harcourt Community Comprehensive School took second place while Ambitional Achievers Bonny Island, who wowed the audience with their presentation on seafood and lighting gadgets, took second place. third place.
Octagram produced a gas smoke detector that seemed to impress the judges. They also produced a honey candy as another product. They carried out a corporate social responsibility project targeting the disposal of 10,000 pieces of plastic waste that could yield N468,000 in 52 weeks with an extended estimate of N9.3 million in 20 years.
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The shell company’s chairman, Wowoe Tega, led five vice-chairmen in the competition which was held in the Events Hall of the Corpus Christi Catholic Church on Kaduna Street in Port Harcourt.
The 40-member company said it sold 44 shares to raise the capital it operated with between October 2021 and July 2022. The chairman said the gas smoke detector was a good product that sold well in the world. school because of its ability to detect smoke around gas and save lives.
The panel of judges led by engineer Toba Oyedele, including Chioma Ukonu (PhD), Kenneth Oforji, Benson Abu and Chijioke Oji, seemed to have no difficulty in choosing Octogram.
Contest Coordinator and JAN Area Manager Emma Oturu said JAN was founded in 1990 overseas but took off in Nigeria in 1999. He said the theme for 2022 was “Fueling Change Makers ” with the aim of moving citizens from complaining to solving problems.
He said the money is in solving the problems of society. Sponsors of the event were mentioned as Citi Bank, First Bank and NLNG Cooperative Society Limited.
The judges almost turned to the lecturers as they trained the students and showed them all the tricks from the books on how to create corporate annual reports.
Those who gave speeches urged students to take entrepreneurship very seriously in order to find alternative sources of income as they grow. Others have revealed how some students are now training through legitimate sources of income they discovered in school.
The winning company (Octogram) was invited to undergo more in-depth training that would stand the test of time in the national competition.