Category: Small Business and Entreprenuership

  • Lagos promises more support to designers 

    Lagos promises more support to designers 

    The Lagos State Government has restated its support for indigenous designers through partnerships, provision of enabling environment and exposure to markets and customers.

    The Commissioner for Wealth Creation and Employment, Mrs. Yetunde Arobieke, gave this assurance at the Eighth Fashion Exhibition with the theme: “Step To Greatness “ organised by Mac89xperience, in collaboration with the Ministry.

    In a statement, Mr. Babatunde Adele, the director, Public Affairs , Ministry of Wealth Creation and Employment, quoted the commissioner as saying that  the Show, aimed at promoting grassroot entrepreneurs and designers, had become notable designers after their training.

    She noted that in 2018, the Ministry was involved the training of 50 unemployed youths through the Sustainable Development Programme, in conjunction with Betti-0/ Ruff ‘n’ Tumble, adding that 35 of the trainees participated in this exhibition.

    Mrs  Arobieke noted that the exhibition would impact the lives of the grassroot designers by helping them to showcase their talents while accessing possible network which would enhance their business opportunities as well as in the area of revenue generation.

    She said the state government was also investing in some programmes geared towards reducing the menace of unemployment among the youth in the state, thus making them useful to themselves and the society.

    These programmes, according to her, include auto maintenance/repair training, solar farm skills training, and Graduate Internship Placement.

    Mrs. Arobieke emphasised the need for continuous advocacy for the learning of vocational skills by youths to transform them to become employers.

    “This Fashion Show will give designers a platform to showcase their collections, network and enlist clientele who will patronise them,” she said.

    She thanked Governor Babajide Olusola Sanwo-Olu for his support in reducing unemployment among youths and providing a conducive and thriving environment for entrepreneurs.

  • ‘There’re opportunities in real estate’

    ‘There’re opportunities in real estate’

    The Managing Director, Reb360 Limited, Mrs. Tope Mark-Odigie, has said there are opportunities in the real estate sector and that the objective of her firm is “to harness them and make them work for everyone’’.

    She said it is also her objective is to encourage safe and profitable real estate investment for Nigerians home and abroad, while creating jobs and wealth.

    She stated this when she launched the company’s project called “Kairos”, a resort, a residential area dominated by nature with a work and play zone.

    Mrs. Mark-Odigie said the 50-acre, 202,000 square-metre mixed development community is the first of its kind. ‘’This is our most ambitious project till date,” she added.

    Mrs. Mark-Odigie also said the Kairos project is very novel in its approach to development, leaning towards the sustainable development goals 9 and 13, with a focus on sustainable infrastructure and climate.

    “We have partnered technology companies to provide clean, renewable energy, and, despite the high cost of land in Lagos, we have designated large portions of the project as green zones.”

    She said though Reb360 was founded 18 months ago, it had embarked on several projects, including four residential estates covering 100 acres in various locations.

  • Imo youths commit to digitalisation

    Imo youths commit to digitalisation

    Imo State youths have committed to engaging the government in ensuring its plan to train 300,000 young people on digital skills is successful.

    They pledged to hold the government accountable while promising to promote the state positively towards attracting investors into the startup ecosystem.

    This was the highlights of #StartupSouth7 Owerri pre-conference that took place at the weekend.

    Former Commissioner, Science and Technology in Imo State, Nze Meekam Mgbewelu, emphasised that infrastructure, security and trust are among key requirements for a sustainable innovation economy.

    The Commissioner, Labour, Productivity & Employment, Ford Ozumba,represented by Head of Department, Skills Acquisition, Mrs. Amaka Umeh, charged the youth to work with the government to improve the fortunes of the state.

    He noted that his ministry had put in place programmes that would enable the youth secure jobs after graduation. He said the Imo State Productivity Awards was set up to encourage Imo citizens and captains of industry to push the limits by providing jobs and growing the economy.

    He said the ministry would be working with the #StartupSouth to grow the state ecosystem towards becoming the innovation hub of the nation.

    The Special Adviser to the state Governor on Youths, Comrade Eric Uwakwe, said the government led by  Hope Uzodimma harps on youth  empowerment to deal with high unemployment .This, he reiterated, was evidenced in the recent approval of the digital skills training project.

    He pledged the government’s support for the innovation ecosystem and promised a large contingent from the state to attend the main conference scheduled  for Benin, Edo State,between November 10 and 11.

    Other speakers at the event included Co-lead, GDG, Owerri, Claret Nnamocha;  Chief Executive, Pamtech,Engr. Ndubuisi Chidomere,  Chief Executive, Silicon Africa Technology & Convener, SMFest, Owerri,Excel Ajah  and Chief  Executive, Chooya  Igwe Uguru .

    The event was organised by the Imo Startup Community led by Chukwuma Anurunkem and Bedrock Initiative led by Ikenna ‘Hector’ Okechukwu. It was supported by Owerri Tech Group and Google Developer Group Owerri led by Ndubuisi Onyemenam and Gospel Chinyereugo respectively.

    On Friday, September 9, 2022, as part of the pre-conference tour in the state, youths in Oguta local government area were exposed to career opportunities in technology at the Oguta Tech Day event. Speakers at the event included Ndubuisi Onyemenam, Snr. Remote Software Engineer based in Owerri, Prisca Amaefula, Founder, PTouchë WIFI, John Onuigbo, Founder, Foris Labs and Nnamdi Uba, Co-founder, HouseAfrica.io.

    The Eze Igwe of Oguta, HRM Nnani Nzeribe represented by Ogbuagu Nduka Oduenyi, The Ogana (Palace Secretary) of Oguta pledged to engage prominent citizens of Oguta to support indigenes who are interested in taking up careers in tech.

    The #StartupSouth7 pre-conference train moves to Enugu on September 17, 2022.

  • UM6P, IFA unveil contest

    UM6P, IFA unveil contest

    Morocco’s Mohammed VI Polytechnic University (UM6P) and the International Fertiliser Association (IFA) have launched Africa Agtech Startup Showcase competition.

    In a statement, UM6P President Hicham El Habti said the contest’s goal is to connect entrepreneurs with their partners and investors to address agricultural challenges.

    “This initiative stems from our unwavering commitment to stimulate innovation and entrepreneurship on the African continent and contribute to its inclusive and green development across all areas of activity, including agriculture,” noted El Habti.

    The programme will cover five categories: soil health and plant nutrition, advisory and information services, market access solutions, supply chain services, and financial services, noted the statement, adding that the deadline for application is November 30.

    The winner will get €20,000 ($19,995) reward.

    According to the contest’s website, startups can still apply even if they are not among the listed areas, as long as they are developing innovative Agtech solutions to address one of the difficulties confronting African agriculture.

    The results of the contest will be announced in May next year at the IFA Annual Conference, the fertiliser industry’s largest event.

  • Grooming Africa’s next generation entrepreneurs

    Grooming Africa’s next generation entrepreneurs

    Morocco-based Mohammed VI Polytechnic University (UM6P) is driving a startups’ support programme —‘U-Founders’— to promote a global community of visionary researchers and entrepreneurs for developing Morocco, Nigeria and other parts of the continent, DANIEL ESSIET reports.

    An incubation programme, U-Founders, driven by Morocco-based Mohammed VI Polytechnic University (UM6P), is supporting tech entrepreneurship as well as boosting the venture capital ecosystem.

    The programme aims to promote a global community of visionary researchers and entrepreneurs, engaged in the development of the African Continent.

    It deploys incubation, pre-incubation and entrepreneurship awareness programmes for the university ecosystem.

    The programme is built on two themes: “Deep Tech” – bringing projects and breakthrough innovations from research and development in sectors related to the research agenda of UM6P; and “Shallow Tech” – grouping projects whose business model is based on known technological innovations.

    U-Founders’ programmes are spread over 24 months, at the end of which project leaders would become business owners.

    In a statement, the programme stated that it is holding its third Demo Day on September 23, at UM6P.

    According to it, the event will provide an opportunity to meet the various stakeholders of the Moroccan entrepreneurial ecosystem, including entrepreneurs, investors, mentors and corporates.

    Thirty technology startups will be part of this cohort, which will be connected to new opportunities.

    The startups cover a dozen key sectors such as agriculture, transport or industry, and have the mission of improving the lives of African populations through innovative solutions.

    Since its launch in 2020, the programme has supported various innovative startups working in various sectors geared towards innovation and the knowledge economy, including education, energy, transport, fintech, Genentech, information and communication technologies (ICT).

    The incubation programme managers said it is helping to hone the entrepreneurial skills of young graduates and entrepreneurs.

  • Empowering business owners

    Empowering business owners

    A partnership with Cornell University, Ithaca, New York, United States is helping Nigerians and other Africans to flourish as entrepreneurs. Writes DANIEL ESSIET.

    Cornell University, Ithaca, New York, United States is an example of an institution that is committed to helping advance economic opportunities around the world. From entrepreneur funding and professional skills training, the university has continued to partner innovative leaders to help implement solutions to economic challenges.

    Its Black Entrepreneurs in Training (BET) is dedicated to inspiring the next wave of Black student entrepreneurs.

    It has former students who have participated in its entrepreneurship programme and are running successful businesses. One of them is the founder of Suite Service, Jessica Ogonor.

    The Suite Service helps organisations to provide equal access to grooming services for individuals with highly textured hair.

    It sources exceptional stylists and barbers and hosts conveniently-located events to bring them to the community.

    A Master of Business Administration (MBA) graduate of the university, Ogonor, who has launched and re-launched multiple startups in her career, also powers Echiuma, another startup and passion project she conceived to bring off-grid solar systems to business in Nigeria.

    The idea of the business originated from during her days at the university when she was with friends who also wanted to bring barbers and hairstylists to the campus because of the lack of options in Ithaca.

    Then, she would travel four hours to New York City to get her hair done. She knew other people who were doing the same thing or travelling even further for grooming. From that experience, she realised there was a big problem, which needed a solution. Subsequently, she launched The Suite.

    Today, the project is a success story.  A software engineer, Namakwa Imasogie, is riding high.  The Masters’ degree holder in Computer Science from Cornell University, she bootstrapped her first tech company while still a student at Cornell. She was co-founder of GitLinks, an open source risk management platform.

    GitLinks was acquired by Infor, a multibillion-dollar enterprise software provider and strategic business partner for more than 90,000 organisations worldwide.

    According to her, the university’s focus on entrepreneurship helped her achieve her dream.

  • ‘Real estate turned my life around’

    ‘Real estate turned my life around’

    A Lagos-based entrepreneur, Ohi Bunmi Ozoya, has shared the story of how a venture into real estate changed his life. DANIEL ESSIET reports.

    After exploring several business opportunities, a Lagos-based entrepreneur, Ohi Bunmi Ozoya, decided to dive into real estate. Today, he is not regretting it. He a thriving firm Leadprime Properties to show for it.

    True, he faced challenges, but a desire for success, pushed him on. The financial advisor said  there’s no success without challenges.

    “At the beginning of the business getting access to funding was difficult, but this was because we put the cart before the horse, but we quickly realised that idea generation was more crucial than the process of looking for money. Great ideas attract funding,’’ he said.

    His hard work reaped success. Currently, he oversees a team of professionals, trains and mentors them. What has helped him is increasing number of investors are always on the lookout for property agents or firms who are credible and can deliver on demand.

    He added: “While studying in England for the ACCA exams and an MBA in the late 2000s, I was fascinated by the way the UK property market operated and how Nigerian and Ghanaian immigrants have managed to get a foot in the door and were making good money from it. However, I was shocked that the Nigerian property market was prevalent with woes of scams and unfulfilled promises. I had this inclination. I can come into the sector to make a difference. So, we came together to start our company to fill the trust gap in the market that is experiencing an upsurge in activities.”

    The property consultant said trust is a challenge in the business space, and what stands a true entrepreneur out is trust. Ozoya said: “The watchword and motto for Leadprime Properties is inspired by a Russian proverb made famous by the former American President, Ronald Reagan: ¨doveryai, no proveryai, which means ´trust, but verify´ in English. We understand the business landscape, and we know the level of commitment it takes to deliver the best to our clients. This, we are prepared to do always.

    “We understand that discerning and savvy investors always want to work with real estate experts who know their onions and use data to take decisions. Our services cut across different activities of the value chain, from operations to marketing and sales and after-sales.

    “Our greatest achievement will always be giving our clients the best when we guide them through the purchase or selling process. Having satisfied customers is key to our continued existence as a company, and we will ensure we continue to maintain our high standards.”

    He encouraged struggling entrepreneurs. ”You learn more about yourself and your business when the chips are down. I urge those that are struggling to view the hard work invested as your Research and Development fund. I say this because many large manufacturing businesses have huge R & D budgets. With these funds, they develop new patents and discoveries and in many cases make the business more money and keep them in business,” he said.

     

  • Lagos sets up academy on Small and  medium enterprises

    Lagos sets up academy on Small and medium enterprises

    The Lagos State government has established a wealth creation academy to assist SMEs.

    Its Commissioner Wealth Creation and Employment, Mrs.Yetunde Arobieke, said the government established the academy to provide small businesses with new tools to help them thrive, expand, and further contribute to the nation’s economic growth.

    She said the academy, to hold yearly, would promote empowerment, and contribute to create competitive SMEs that are focusing on increasing productivity, technology, and innovation.

    Mrs. Arobieke sought the support of private organisations for economic prosperity and greatness through creativity, wealth creation and entrepreneurship.

    Head of Entrepreneurship Department, Ministry of Wealth Creation and Employment, Mrs. Taiwo Abiose, said 100 people were to attend the academy this year. She said the target was to increase it to 500 in the future.

    She said government organised the academy to help SMEs boost productivity, increase and improve competitiveness.

    The founder/Chief Executive, Leadership Challenge Foundation, Mrs. Joy Success Ikpe, said the foundation had trained many people on entrepreneurship.

    She said the foundation partnered the Ministry of Wealth Creation and Employment to empower SMEs to grow business profitably and transform the lives of many.

     

  • SMEs seek exemption from new policy on beverages, others

    SMEs seek exemption from new policy on beverages, others

    Owners of Small and Medium Scale Enterprises (SMEs) have sought exemption of their members from the new excise duty of N10 per litre on non-alcoholic, carbonated, and sugar-sweetened beverages introduced by the Federal Government, saying it is anti-business and people.

    In an interview, the National Association of Small Scale Industrialists (NASSI) Vice Chairman 1, Mr. Peter Popoola, said his colleagues were not against the policy but that grouping them with multinationals and using the same parameter for them was wrong.

    He said: “We are not challenging the policy. We are only saying that putting SMEs and big companies together is not just it. There is no tax regime in the world where people with the same rate. Rather they are taxed according to their capacity. SMEs’ production costs are higher compared to multinationals’s.

    “SMEs are weak; thus, they are not financially balanced to meet their obligations.”

    He said the effects of the policy are that SMEs that could not cope would close shop, adding that this would lead to massive unemployment. He said no fewer than 40 out 60 firms at the Lagos Industrial hub, had gone under in the last one year.

    Popoola sapid the tax policy demands firms to register with Customs, who are assisted by agents who charge between N1.5million and N2 million. Worse still, the SMEs are required by the policy to provide bank bonds worth N250,000 to qualify for production approval.These requirements kill SMEs, which should rather be supported.

    He said the world over SMEs being the bedrock of economies are supported by the government with grants and other incentives to grow. Regrettably, he said, not so in Nigeria, where the government and their numerous agencies see them as generators of taxes.

    Many government policies are killing SMEs. Since 2019 through the COVID-19 pandemic, Popoola said, SMEs had not be doing well because of the prevailing economic environment.

    He added: “At present, SME production activities are very low. There is no power and price of diesel to fuel the power generator and haulage bus is very high.

    “The issue now is how can small scale enterprises be made to undergo exactly the same process and be paying the same duty on products. Now, this policy is capable of causing mass unemployment and closure of many businesses

    “We want the government to please exempt the SME from this excise duty so that we can at least remain in business.”

    It would be recalled that Minister of Finance and Budget Planning, Mrs Zainab Ahmed, giving the breakdown of this year’s budget, announced the new policy.

    She said it was part of the government’s efforts to discourage excessive consumption of sugar, which is contained in beverages, a contributor to obesity, diabetes, among other diseases.

     

     

  • For a better meat industry

    For a better meat industry

    The dream of stakeholders in the livestock sector is an industry, which provides sought-after quality products to the benefit of Nigerians. Under various auspices, they have charted the way forward for animal health, welfare and food safety. DANIEL ESSIET reports.

    Globally, livestock master plans help governments prioritise their development strategy objectives.

    Hence, since 2013, the International Livestock Research Institute (ILRI), based in Kenya, has been providing technical support to African countries to develop their livestock master plans.

    For ILRI, making a robust development plan is the foundation for achieving priorities and outcomes in the industry.

    In Nigeria, ILRI has shown interest in partnering the government to increase the adoption of climate-smart innovations in livestock-based production. Research is geared towards realising climate-smart feeding practices and adaptive breeds to boost livestock production.

    An ongoing study by ILRI scientists has shown why cattle are producing quality beef in the value chain. The institute has identified the need for more technical support for the sector, including capacity development and farmers’ empowerment. There are efforts to help Nigeria become self-sufficient in domestic livestock production in the years to come.

    Analysts have pointed to the demand for animal foods and the need to address challenges in the livestock production and feed systems, and implement the master plans to help smallholder farmers transform their businesses into profitable ones.

    So far, Lagos is among states that are driving their agricultural development master plan. However, one of the more crucial components is the red meat sector.

    Its red meat plan is expected to support integrated growth and ensure benefits for meat producers and consumers of animal-source foods as well as enhance the livelihoods of butchers and support the creation of livestock businesses.

    Long-term development of the red meat sector, Lagos State Commissioner for Agriculture, Ms. Abisola Olusanya, noted, was critical, if the nation was going to produce healthy animals for food security.

    Given the breadth of its market, the state government has adopted a strategic approach to identify the opportunities for red meat for investors. For the government, the sub-sector represents one area to boost gross domestic product (GDP) contribution, job creation and rural development.

    In furtherance of this, the government is partnering livestock stakeholders to establish and build strategic partnerships that unlock catalytic investments, critical for the successful implementation of its plans.

    Also, keeping cows and other healthy and disease-free, she added, would only be possible with the support of experts.

    She said: “As a medium- to long-term strategy, the Ministry of Agriculture launched the Lagos State Five-Year Agriculture and Food System Roadmap last year with one of the focal sectors being the development of the red meat value chain. I am happy to inform you that the state has started the implementation of the cattle feedlot at Igbodu for increased local production of hygienic meat and reduction of dependency on imports from other states.

    “As a form of improvement, the government is in the process of recruiting more veterinary doctors to mitigate the effect of the current dearth in the distribution of veterinary doctors to livestock estates and settlements with a ratio of about 1:200. The low access to veterinary doctors in the veterinary centres in the state encourages some farmers to resort to using unapproved antibiotics for their livestock.”

    According to her, the government’s efforts  was  challenged  by reoccurrence of zoonotic diseases such as tuberculosis, trypanosomiasis, toxoplasmosis, taeniasis, rabies, lassa fever and yellow fever, which have hindered the enormous potential embedded in animal husbandry, thus resulting in an adverse decline in the contributions of the red-meat value chain to the economy, including Lagos.

    She continued: “State government has brought veterinarians’ services very close to the people by rehabilitating and equipping the veterinary centres at Ikorodu, Ajah, Surulere, Ojo and Badagry.

    “Also, the Ministry of Agriculture’s Monitoring, Enforcement and Compliance Unit on the Red Meat Value Chain Team is out to stem the proliferation of unwholesome practices inhibiting the red meat sector such as operation of illegal/unauthorised abattoirs, slaughter slabs and meat shops; transportation of carcasses in unapproved vehicles, unlicensed veterinary premises and incidence of stray animals.”

    To curb high impact transboundary animal diseases, the Food and Agriculture Organisation (FAO) is ready to work with Lagos and other states to strengthen our bio-security measures to ensure livestock was at optimum health to produce high-quality meat and meat products.

    These include high impact regional transboundary animal diseases – Foot and Mouth Disease (FMD), Peste des Petits Ruminants (PPR) and Highly Pathogenic Avian Influenza (HPAI).

    Assistant Representative Programme, FAO, Dr Abubakar Suleiman said the organisation is partnering Ondo State was implementing a pilot feedlot cattle fattening system.

    Similarly, Chairman, Conference of Directors of Veterinary Services in Southwestern Nigeria, Dr. Taiwo Jolaoso, said Nigeria was one of the largest livestock raising countries and major hub of animal products in West Africa.

    He continued: “Livestock contributes to the economy through employment generation; foreign exchange, among others. However, the industry is bedeviled with disease threat, in cattle such as Helminthiasis, contagious Bovine Pleuropneumonia, Brucellosis and many other devastating impact animal diseases resulting in loss of billions of Naira annually. Poultry industry is even more devastated by viral infections like Infectious Bronchitis, Newcastle disease, Infectious diseases, Highly Pathogenic Avian Influenza etc. In fish, gill disease, swim bladder, fungal infections etc. The significance of the Veterinarian in combating these diseases, preventing spread and ameliorating their effects can therefore not be overemphasised. Veterinarians as “front liners” are exposed to a high risk of contracting emerging, re-emerging and zoonotic diseases (Ebola, Leptospirosis, Tuberculosis, Brucellosis, and Anthrax to mention but a few).

    This justifies the need for payment of Hazard allowance to compensate for harms, risks and burdens associated with working as health personnel.

    “Unfortunately, our services are undervalued and we are underpaid and the supposed hazard allowance veterinarians receive is at best a farce. A first-order priority for policy makers should be keeping front-line health workers and veterinarians safe on the job and payment of generous hazard allowance to compensate these officers and their families for the essential services they provide for public good.”

    He urged the government to employ more veterinary officers to enhance professionalism and curb quackery.

    He identified unavailability of authentic service and failure of veterinarians to provide last-mile services compounded by a lax regulatory environment, as the reasons for non-professionals in veterinary practice.