IPP Executive Chairman Dr Reginald Mengi presents a cheque for 10m/- to the winner of his "3N Business Ideas Competition" for last month, Frederick Shayo, at a ceremony in Dar es Salaam yesterday.
The first winner of IPP Executive Chairman Dr Reginald Mengi’s Twitter business idea competition Fredrick Shayo, has won 10m/-.
The business idea competition is dubbed: ‘Nitabuni, Nitatekeleza, Nitafanikiwa’ (3Ns) and awards ten top competitors with runner ups recieving1m/- each.
In order to participate in the 3Ns, one has to post a good business idea to the twitter account - @regmengi as many times as possible.
Speaking moments after handing over the awards, Dr Mengi urged for the national curriculum to be revised so as to create self employment opportunities for university students.
He pointed out that lecturers should encourage students to be creative, noting that many times students develop bright ideas which if supported would turn them to young entrepreneurs and creative employees and employers.
Dr Mengi called upon the youth to prioritise self employment and create implementable business ideas that can also be useful to others.
He said the government alone and the private sectors cannot employ all graduates on a yearly basis.
“I want everyone to always stand up and say I am number one, don’t put yourself number two…. if you want to do anything you must be confident and have faith that you will be successful and become rich like others,” he encouraged youth.
He said Tanzanian youth can overcome unemployment challenges if they focus on self employment. However, he said for the youth who want to be employed, they should work hard, be focused and should not choose jobs.
According to Mengi, many people see a lot of things but do not see the opportunities therein. He cautioned that without a particular eye for opportunities it is hard to succeed in life.
“There is a wide gap between the rich and poor in the country. One of the ways of reducing this gap is by ensuring that the country’s resources are well utilized,” noted Dr Mengi.
The IPP Executive Chairman called on the citizenry not to be discouraged by the few who calim that Tanzania cannot create millionaires.
However, Dr Mengi said Tanzanians should not ‘adore’ millionaires from other countries and instead they should have an eye for opportunities and use such opportunities to become millionaires.
Speaking after receiving the prize, Fredrick Shayo who graduated last year with Bachelors of Economics degree from the University of Dar es Salaam said his business idea was to construct and incubator to rear chicks.
He said the idea is to use old fridges and put new electric heating systems in them. He said the incubator will use small amount of electricity making it easier for small scale farmers to afford buying and using it.
The winner said incubators will help increase production of local chicks based on the fact that the price for local chicken more than triple that of hybrid ones.
“The 10m/- I have received will help me to increase my capital…I will buy more old fridges and make more incubators,” he said.
“For small scaled farmers to buy incubators from the shops it’s just very expensive so I want to help them get produce more chicks at affordable prices,” he added.
Shayo called upon the youth to continue creating business ideas and he also thanked Dr Mengi for thinking about youths and coming up with the competition.
He said the competition gives the youth a chance to employ themselves instead of seeking for employment.
Earlier, the 3Ns Chief judge Dr Donath Ulomi said the competition attracted a total of 1680 business ideas in January from which top ten winners were shortlisted.
He encouraged youth all over the country to participate in the competition as a potential means of liberating themselves from poverty and become rich.
Earlier, last month, Dr Mengi launched the 3Ns competition which will run for six months from January 8 to June 30 this year.
The competition will see the winner scoop 10m/- every month and nine runners up win 1m/- each.
Dr Mengi’s twitter business ideas competition started in 2013 and was also held last year.
In those two years, only three winners were shortlisted with the first winner getting 1m/-, the first runner 500, 000/- and the second runner up got 300,000/-.
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