Category: Small Business and Entreprenuership

  • 29 win SMEs grants

    Expo 2020 Dubai  has announced the first recipients of its Expo Live grants to socially responsible fledgling start-ups.

    The winners of the $100,000 (Dh367,000) social entrepreneurship grants were selected from 575 applications in 71 countries in a three-stage selection.

    One of the winners include West Africa Vocational Education  ( WAVE Nigeria), which aims to match young people without formal qualifications to find formal jobs matching their skills, helping curb youth unemployment.

    The winning applications come from 23 various countries, emphasising the global nature of the Expo, said Vice-President of Expo Live, Yousuf Caires.

    “Expo 2020 is a global event in Dubai. Expo Live mirrors that,” he said. “We need to deliver on that global promise,” he said.

    The programme, which will announce new grants twice yearly till October 2019, is not intended to support promising start-ups, he said, but to support those intended to make a profit while having a positive social impact.

    “It’s making money while doing good. It’s business with a purpose. It’s not one or the other — they have to go together,” he said.

    Expo Live set out to counter two gaps its research exposed in the start-up accelerator, incubator and funding sector.

    The first is geographical disparity. “If you are in London, if are in Silicon Valley, there is money for you,” Caires said. “If you are in the tech business, there is a lot of money for you. What we found is that when you go to less traditional markets the opportunity for funding isn’t always there, especially if you are in an area that banks find too risky.”

    The second gap is in the level of funding. The scheme sets its grants  to position them between the small-scale funding options of tiny, fresh operations, and the kind of projects looking at attracting high-level venture capital or angel investors. The grants are designed for companies that have set up, and produced prototypes, but need help to scale up to full production.

    Each winner will attend the expo as a global innovator, with the support, resources, training and exposure to help them turn their presence into an advantage.

    “They’re going to get into those meetings, they’re going to get their one-minute pitches to the VCs [venture capitalists], to some of the funders from our region. They’ll have a chance to talk to some of the big shots who are coming to Expo.

    “We call it ‘partnership ready’. Our role is not just to fund them. We can fund them, but we can say, ‘Hey, if these guys develop, they need to prep up for that connecting minds moment.’

    “These guys represent Expo 2020. They represent who we are,” Caires said.

    Caires said he did not expect all of the funded start-ups to succeed. “If we’re too conservative, we’re not catching the good stuff. If we’re overly risky, we might be throwing some money away — money that we don’t necessarily have to waste.

    “We know it’s a pipeline game, a portfolio game, and what we hope is that if we do our job right I think we’re going to get there, having a good nose for what these social entrepreneurs are and the kind of value [in what] they’re doing and the kind of progress they can make, and having a hope that a chunk of them will … surpass Expo as an entity, and we will forever be a part of their legacy.”

     

  • Friesland Campina brands have stayed top of the pack – Tarang Gupta

    Friesland Campina brands have stayed top of the pack – Tarang Gupta

    In times of trouble and great challenges, especially with the Nigerian economy in recession, it is more important for entrepreneurs and enterprises to stay true to their vision and purpose, keeping this as a priority, while managing short term obstacles, said Marketing Director of Friesland Campina WAMCO, Tarang Gupta.

    This, according to him, is one of the key principles of managing brands and business during a crisis situation.

    He noted that like any marketer would say, the last 28 months have been the perfect storm in Nigeria, due to a shrinking economy, diminishing consumer spending, operational challenges (due to forex), rising inflation, high input cost, etc. “Personally, the most important learning I have had during this period is the balancing act of short term and long term,” he said adding that he is also optimistic with the early signs of recovery in the economy.

    Sharing his account, he said: “I have learned three (3) key principles to manage brands and business during a crisis; Staying True: always stay true and honest to your consumer. Never think that a consumer does not know what you are doing. In WAMCO we ensure that we sustain our product quality to ensure our consumers get the impeccable quality they deserve.

    “Secondly; being balanced: During moments of crises, organisations and business managers shift to short term goals and KPIs; thus losing sight of long term purpose and vision. It is important that in time of crisis, to stay true to your vision and purpose and keep that as a priority, while managing short term obstacles.

    “And thirdly; think positively: The most important asset any business has is its people and it is this asset that can be the competitive advantage for any organisation, especially during a crisis – where the team can either get blocked by the gloom or find opportunities from the challenges and among the issues.

    “The marketing team of WAMCO in last two years has followed the latter and believe in the ‘Power of Positive Thinking’.”

    He further opined that every market in the world is unique because its history, culture and people define it, and Nigeria is no exception. However, there are a few things that are quite distinctive about Nigeria: the three-in-one country: The cultural diversity between North, East and South (+West) makes Nigeria quite unique. It also poses a challenge for national brands to stay regionally relevant, nationally connected both via type of content and media channels.

    Still gushing on the unique business climate in the country, Gupta cited what he described as Nigerians ‘No Wahala’ attitude saying:  “I have personally been surprised looking at the positive attitude.” He maintained that they know how to stay happy even in tough times. “This is extremely important for brand communication, where brands should connect with consumers mirroring their belief and outlook to life, rather than putting pressure and juxtaposing gloom (even if that may be the reality).”

    According to the marketing director, the generation of Nigerians between 18 years (60% and 25 years) is massively digitally connected and globally aware. Thus brands need to keep in mind that the future evolution of this country would be much faster and steeper than any comparable benchmark.

    He further stated that religious beliefs are strongly entrenched in the country and it defines how the country operates – ‘on Hope’. Thus marketers need to ensure they connect to this deep-rooted belief system and not stay superficial.

    In his assessment of the Nigerian market in terms of marketing communications and brand building experiences, Gupta volunteered that the Nigerian marketing communication is still more traditional but evolving at a rapid pace.

    “What makes it unique and interesting is that to reach a Nigerian consumer the media strategy needs to be wide and cut across channels – traditional and new age. Also the media consuming habits are highly diverse and segmented between regions and demographics. Following the principle of ‘How Brands Grow’ by Byron Sharp, my strong recommendation is to leverage traditional media to create awareness and reach and digital (especially among youth and in the South and West of the country) to create engagement.

    In terms of creativity, I think Nigeria stands to be highly upbeat, music oriented and emotional. The route to the head of a Nigerian consumer is through his heart. Thus in terms of creative content marketers, focus on ‘Touching the Heart first and then Connecting with the Head.’

    Nigerian consumers are one of the most responsive consumers and the impact of the communication can be felt immediately, if well supported with distribution. Nigerian consumers are also believers rather than being skeptics. They trust the brands and take the message at face value. While this is a big advantage for the advertisers, it also comes with a huge responsibility of being truthful and honest.

    “In my last three years in Nigeria, I have noticed that those brands that ‘Touch the Heart’, are the ones which have an instant traction and faster response from the consumers, compared to ‘functional – Talk only to the Head’ messages.”

    For him, brands need to ensure they emotionally engage consumers, satisfy their esteem besides being pocket friendly because from the economic slowdown we have witnessed in last 28 months, it was evident that the Nigerian consumer is down trading and is highly price conscious.

    Reflecting on what has been the toughest aspect of managing two top dairy brands in the Nigerian market, he said, “when I was a sportsman in my youth days, my coach always told me that reaching the top is easier than staying at the top. Friesland Campina WAMCO’s brands, Peak and Three Crowns, are not just iconic but are part of the culture and life of the Nigerian consumer. Peak is synonymous to milk but also seen as the gold standard in the minds of the consumers.

    “For us what is most important is to not lose the thought leadership in the category and trust with our consumers. This has always been our endeavour and we as a team strive everyday to ensure we give the best to our consumers – best in quality, best in taste, best in experience and always being honest. I think this is the responsibility of the market and thought leader in any category,” he said.

    To him, brands should not be described by their DNA but rather by their ‘purpose’, i.e. the reason for existence. What role the brand plays in the life of a consumer should be over and above the functional gratification.

    For the company, the purpose lies in its name itself, ‘to help Nigerian consumers unlock their potentials and reach for their peak.’ Peak believes ‘what goes in comes out’ and which is why Peak provides high quality milk to give the Nigerian consumers the nutrition they need to succeed and reach their peak. Peak has been there for several generations and will continue to be for all the future generations providing both encouragement and nutrition for Nigerians and Nigeria to keep growing and keep reaching their peak.

    The impact of the PECADOMO campaign, which stands for “Peak Can Do More”, he said, is not just a campaign but also an initiative to expand the usage of milk in Nigeria. Nigeria, not being a dairy producing country, the usage of milk is not as diverse and entrenched as compared to some of the other countries like India, Holland, etc. During this economic slowdown, the consumption and usage occasions of milk were reducing. Thus, PECADOMO was introduced by the category leader, Peak to help and show consumers that milk can be much more versatile than just being used in tea or cereal. Peak milk not just adds to taste but also significantly improves the nutritious value of the dish and thus having double advantage.

    The response to this campaign has been extremely positive both from the consumers and from the industry. Since this is about creating new habits, we will continue to educate Nigerian consumers on usage of milk and expand the category’s sphere of relevance, because with Peak ‘You Can Do More’.

    According to him, “What has excited me the most is the creativity among the Nigerian consumers. We have received some very innovative ideas on how our consumers have found different ways to use Peak Milk in their dishes. During the 2017 World Milk Day celebration, I was impressed with the exciting variations done by the school kids. Some of these recipes have been put on our website.

    On whether more people have been inspired by the campaign to consume more milk, Gupta offered, “based on our syndicated research we have seen impact on usage and consumption.”

    On the role of Three Crowns among Nigerian diary brands, Gupta said Three Crowns wants to inspire mothers to stay healthy so they can stay fit and take better care of themselves and their families. The woman of the house is the pillar of the family and the stronger the pillar, the more stable the family would be. Three Crowns supports and nourishes this pillar so it can keep the family healthy and happy. Three Crowns milk with low cholesterol and great taste is the ideal partner to the woman of the family in keeping herself and her family healthy and happy.

    In assessment of his tenure as Marketing Director, he said credit for some of the fabulous and award-winning creatives goes to the entire marketing team and agency partners. “It is the result of their zeal, passion and relentless rigor. These awards are a sign of external recognition and motivate us to keep raising the bar. We sincerely thank different institutions and bodies for honouring us with these awards and appreciation.”

    In an overview of Nigeria’s dairy industry, Gupta said, futuristically, the per capita consumption of milk in Nigeria is a fraction compared to some of the other more developed countries, and I personally believe that this segment would continue to rapidly grow. Moreover, with health consciousness on a rapid rise, dairy solutions will continue to have increased relevance in the lives of consumers – for different occasions (in and out of home). Also, I anticipate increase in local sourcing of dairy. Friesland Campina has already pioneered this with its Dairy Development Programme.

    In the narrative of his foray into marketing, Gupta said having lived in three (3) continents and 13 cities around the world, diversity is part of his DNA. “Likewise, the last 15 years of my career, started with my marketing career in Unilever India, then Global Marketing with Sara Lee responsible for Personal care for Asia Pacific and finally joining Friesland Campina global marketing in 2010 before moving to Nigeria.”

    Further reflecting, he said: “My most self-enduring times have been in Nigeria, in the last three years with the economic crisis. But I am happy to see how we as a team have not just sailed through the storm but have grown stronger and sharper to take our brands to the next level. I am really fortunate to have a great team that believes ‘I m possible’.”

  • Championing techy artisans

    Championing techy artisans

    The Lagos Ministry of Wealth Creation and Employment and the Lagos State Technical and Vocational Education Board (LASTVEB) are partnering to produce competent artisans to support the Lagos State’s industry’s growing needs for technical excellence.DANIEL ESSIET reports.

    For most of his life, Executive President, Lagos State Council of Tradesmen and Artisans, Alhaji Nurudeen Buhari, has been involved in arts and craft.

    He has worked closely with many artisans to turn their crafts into good products. While some have found markets, others  have increased value and appreciation for their craftsmanship.

    With a population of about 20 million and its status as a mega city, Buhari, believes tradesmen and artisans can be developed to form the foundation for stronger and competitive industries.

    As a result of retirement, however, there are fewer and fewer experienced artisans in Lagos. He is sad to see artisans relegated to the background because of their literacy level.

    Currently, the competency level of some artisans and tradesmen is poor.

    This is happening because artisans and tradesmen in the past have not received enough training to enable them explore opportunities to expand their business locally.

    However,  this is changing as  the Lagos State government is working through the Ministry of Wealth Creation and Employment and the Lagos State Technical and Vocational Education Board (LASTVEB) to train and certify artisans.

    There are now programmes  designed to train young and ageing people in the artisanal and skilled trades sectors.

    Addressing the opening of an eight -week training for artisans and tradesmen in Lagos, Buhari thanked the Lagos State Government for continuous training of members, assuring of LASCOTA’s commitment in helping the present administration meet its set goals.

    The Commissioner, Lagos  State Ministry of Lagos Ministry of Wealth Creation and Employment,  Babatunde Durosinmi-Etti, represented by the  Head of Entrepreneurship Department, Mrs. Taiwo  Abiose, stressed that it was vital that artisans equip themselves with the skills needed by the marketplace so  they can take advantage of opportunities that will help reduce poverty and  spur economic growth.

    He said Lagos State is not only determined to   provide residents with well-trained, skilled & reliable employees ensuring that they provide quality work within the market.

    She expressed optimism that after completing the eight weeks intensive training programme, beneficiaries will acquire capacities to provide services.

    The Executive Secretary LASTVEB, Mrs. Omolara Erogbogbo, said technical and vocational education and training is an area the government is investing to bring direct impact on incomes and economic growth.

    She said the state government has created an online platform for artisans and tradesmen to register and sell their services.

    She said the platform connects artisans with residents in need of reliable, secure, hassle-free and high quality service with service providers who are trusted, experienced and verified.

    With this platform, she said the government is determined to promote adherence to relevant industry codes and standards in all activities and projects executed by service providers.

    While identifying some key challenges facing artisans as poor access to markets and market-related information, she said the platform provides a transparent and traceable tradesmen and artisans sourcing services for Lagos residents.

  • SS-EDC partners Delta to boost entrepreneurship

    The Central Bank of Nigeria(CBN) South-South Entrepreneurship Development Centre (SS-EDC), is partnering Delta State Small & Medium Enterprise Development Agency in the bid to promote innovation and entrepreneurship in the  state. The event which held at the Delta State Technical Vocational Education Centre, Asaba, witnessed large turnout of different government stakeholders from CBN SS-EDC, Delta State Small & Medium Enterprise Development Agency, Delta State Technical and Vocational Education Board and the Ministry of Basic and Secondary Education.

    Addressing the graduating entrepreneurs, the Programme Director, CBN SS-EDC, Mr. Gbenga Owolabi, represented by the programme manager,  Mr. Emeka Nnamani, noted the centre’s “commitment to innovation and entrepreneurship” and readiness to  show young people how to  start and grow their businesses.

    The  Executive Secretary,Delta State Small & Medium Enterprise Development Agency, Mrs. Shimite Bello, said developing individuals to embrace entrepreneurship is the best way to empower them financially as they will create enterprises that will generate jobs. She said her agency is in the forefront of handholding and supporting entrepreneurs in Delta State to develop viable and sustainable businesses.

    The entrepreneurs passed through two weeks intense training on entrepreneurship development, enterprise development, basic business management, financial literacy amongst others. A closer examination of their developed business plan showed that manufacturing and agribusiness, which are the real sectors of the economy, rank tops over others like trading, services, tourism and ICT.

    Testifying, a beneficiary, Mrs. Bethel Akpe who is into paint production, said she recently won a contract to supply paint to a building project due to the business plan she developed and her new approach to production. She thanked SS-EDC and Delta State Small & Medium Enterprise Development Agency for giving her the opportunity to become a better business owner.Since inception, South-South Entrepreneurship Development Centre (SS-EDC) has trained 10,669 participants, helped to establish and expand over 4,048 enterprises that created 10,708 direct and indirect jobs. SS-EDC has assisted about 3,622 participants to access finance totalling over N1 Billion (N1, 926,035,391.50) from various sources of funds for their enterprises ranging from N50, 000 to just under N10 million. The SS-EDC has also counselled over 18,389 persons to become aware or address challenges in different areas of business transactions or regulatory issues relating to various industries of their interests. The SS-EDC has a network of over 729 SME partners that provide internship placement for participants.

  • Group teaches teens business, careers

    As government cannot create enough jobs for today’s young people, non-governmental organisations are now teaching skills, and fostering creativity among students through entrepreneurship training.

    Star Girl Education Foundation (SGEF) is encouraging young girls to focus on their future careers and starting their own businesses.

    How can we foster an entrepreneurial spirit and nurture a next generation of doers and dreamers?

    It is by instilling the skills of entrepreneurship and good life skills in young girls.

    In response to this, a  Lagos –based non-governmental organisation, Star Girl Education Foundation (SGEF) is sowing the seeds of innovation and preparing young girls  to thrive in today’s economy by bringing the business world into the classroom and strengthening the connection between education and economic prosperity. It held a one-day career mentorship programme for high school students.

    The event took place at  Ikosi Junior High School, Lagos. It involved 38 girls. SGEF mentored the girls on how to explore business opportunities and career choices. The programme entitled “Choosing the Right Career” was very well received by the Principal, Vice Principal and Career Counsellor at Ikosi Junior High School.

    One of the coordinators, Funmilola Kehinde, said the purpose of the programme was  to educate, train and empower the next generation of young female  entrepreneurs (TeenPreneurs) so that they become difference-makers who lead productive, fruitful and purposeful enterprises and experience meaningful lives of integrity, serving others and making Nigeria a better place.

    “Our goal is to introduce entrepreneurial skills at an early age and nurture an entrepreneurial drive and values that would set students on the right path for success in achieving their God-given career and life goals.”

    According to her, investments in early girl education will always result in long-term returns that affect individuals’ lives.

    She explained that   youth entrepreneurship needed attention – particularly young girls with the population aging quickly and career choices for young adults are limited.

    During this training, children were taught to believe that success comes from hard work. The trainers encouraged the young girls to talk about their visions for the future and discuss the issues of entrepreneurship. The girls expressed their desires to become doctors, fashion designers, accountants and bankers. Most of them had a limited view of the 21t century careers such as social media managers, ITconsultants and the likes.

    After the end of the programme, the girls were more aware and educated about the new career paths and also promised the team they would work hard and never give up on their dreams. The forum offered the opportunity for the student to network through fun and to develop confidence and leadership skills.  SGEF’s team made up of Funmilola Kehinde, Tomi Bamgbelu, Anu Adelakun, Seun Taylor and Onyechi Chukwujama expressed their satisfaction at the success of the programme. They also encouraged the girls to find their strengths and focus on it very early. They emphasised the importance of having a good relationship with God as it is the bedrock of success in life.

  • Success story of an inspiring young entrepreneur

    The rags-to-riches story of Chief Executive, Business Impact Limited, Mr Samson Olatunde, will serve as an inspiration for those hoping to make it big in the start-up world. He shared it during Digital Enterprise Summit 2017 held at David’s Christian Centre, Elegushi Beach Road, Lekki Penninsula II , Lagos,DANIEL ESSIET reports.

    Nigeria is in a run to achieve big heights in terms of economy with young talents who come up with successful business ideas. Such startups are predicted to be billion naira companies within a span of  time. Chief Executive, Business Impact Limited, Mr  Olatunde Samson is one among many such talents.

    Samson has always wanted to be financially independent. He shared during Digital Enterprise Summit, a forum for career & business executives, which held at David’s Christian Centre, Elegushi Beach Road, Lekki Penninsula,Lagos.

    He recalled that as an undergraduate at Ogun State University, where he studied Business Administration, he wanted to assuage his parents’ financial burden.

    While in the university, he started computer tutorials for his fellow students and made some money to take care of his needs. Sometimes later, he heard about an internet business seminar put together by Success Attitude Development Centre (SADC).The hype about the seminar was too much for him to contain.  But the N25, 000 gate fee stood before him like the famous Mount Kilimanjaro. He had to persuade some of his friends to lend him the money with the promise to refund it when he returned from the seminar. Though he got the money, there was a delay in the process. This made him turn up late for the seminar. He had to appeal to the convener and Publisher, Complete Sports, Dr Samson Ojeagbase to repeat what he had taught others in the past two days. The man was eager and answered his questions. At the end of the seminar, he was handled a CD that contained some e-books with resale rights on them. He was devastated because he expected something better than it since the organisers promised he was going to get rich quick after participating in the seminar. He decided to return to school in the evening as he didn’t want to be embarrassed by those who lent him the money.

    But he didn’t not realise the CD was a goldmine. As he was instructed during the seminar, he decided to  reproduce the eBooks and sell them. After printing and placing poster, he received tremendous responses. He  reproduced the eBooks and  raked in N4 million in sales in four months.

    As business started growing, he had to deal with several issues and the most irksome among these was looking for bigger office space.

    Today, he operates from an exquisite office in Gbagada, Lagos. Samson, alumni Pan Atlantic University is one of the few Nigerians that have their books on Amazon.com, the largest online bookshop.

    Founder, LoyalBonus Rufai Oseni urged young entrepreneurs to  explore businesses to address high levels of unemployment.

    The event attracted successful entrepreneurs, youth entrepreneurs and  members of startup companies.

  • Elumelu urges Nigerian students to embrace entrepreneurship

    Elumelu urges Nigerian students to embrace entrepreneurship

    Dr Tony Elumelu, Chairman, United Bank for Africa (UBA), urged Nigerian students to embrace entrepreneurship in order to overcome the problem of unemployment.

    Elumelu, founder of the Dr. Tony Elumelu Foundation made the call in Sokoto where he addressed students at the National Dialogue Series organized by the Students’ Union, Usmanu Danfodiyo University, Sokoto.

    The Dialogue Series was organised in collaboration with the management of the institution.

    Himself, Tony, a successful entrepreneur, acknowledged with gratitude while expressing happiness for the opportunity accorded him to speak directly to the youths.

    According to him” I applaud this kind of initiative that brings today’s leaders and the people to whom the future truly belongs to interact and share perspectives.

    “ The Tony Elumelu Foundation is committed to empowering young African men and women as my contribution towards the development of our continent.

    ” This is borne out of my deep-rooted belief that entrepreneurship is the single most critical
    ingredient for economic empowerment and jobs creation.”

    Elumelu further commended the efforts of the Vice Chancellor, Professor Abdullahi Abdu Zuru and the University’s management for instituting the National Dialogue Series.

    In the same vein, he lauded the efforts of an alumnus of the University Dr. Shadi Sabeh, for his
    efforts and the Tony Elumelu Foundation, respectively in seeing that the National Dialogue Series sees the light of the day while describing Shadi as,” a fine example of the great force and impact our young ones can achieve if we support and empower them.”

    However, the successful entrepreneur also called on the students to be proud of the University which had produced many great men like Shadi, and Sokoto State Governor, Barrister Aminu Waziri Tambuwal, whom he described as,” a digital governor.” adding that,” the Usmanu Danfodiyo University has such rich legacy, an impeccable pedigree, and an outstanding academic track record that distinguishes it as one of Nigeria’s finest institutions.

    “If you are a student of this great university, you have every reason to be proud, and if you are an alumnus, you equally have every reason to be proud.”

    In his remarks, Chairman of the occasion, Alhaji Muhammad Zangaria, acknowledged the great impact the guest speaker has been making in seeing that the African Continent joins the league of developed nations.

    Also speaking, Vice-chancellor of the University, Professor Abdullahi Abdu Zuru, lauded the UBA
    Chairman for the intellectual nurturing of students of the institution noting that Elumelu remains an icon of great recognition
    in the continent and globe at large.

    Zuru further advocated the establishment of the Tony Elumelu Business School in the University, in partnership with Elumelu while disclosing that the proposed School would be training budding Entrepreneurs in the country, to further tame poverty, unemployment and youths restiveness.

    Similarly, the Vice Chancellor opined that the proposed school would help in providing plausible solutions to the formidable socio-economic problems plaguing Nigeria.

    While commending the management of the institution, President of the Students Union, Comrade Idris Mubarak Maibasira said,” the unparalleled philanthropic movement of Elumelu had taken a myriad of Nigerians out of poverty and had equipped scores with entrepreneurial skills.

    He further enjoined the Sokoto State Government and Elumelu ‎ to assist in easing students accommodation problems on campuses while requesting the UBA Chairman to construct a pedestrian bridge at the “Kofar mata” route, to serve as part of the Bank’s Corporate Social Responsibility.“

  • Farmcrowdy to join techstars accelerator program

    Farmcrowdy to join techstars accelerator program

    • Only startup in Africa chosen to participate

     Farmcrowdy, a digital agriculture platform in Nigeria, has been selected by Techstars Atlanta as one of the members of the 2017 Class to participate in its accelerator program in partnership with Cox Enterprises.

    The digital startup which was founded in 2016, was named in an announcement made by Techstars on Monday, July 17among the 114 tech startups worldwide participating in the accelerator program.start-ups worldwide participating in the accelerator program.

    Techstars is a Worldwide Network that helps entrepreneurs succeed through different avenues and partnerships. With applications from 42 different companies, Farmcrowdy is the only African company which was selected as part of Techstars’ accelerator program.

    In his remark, the CEO of Farmcrowdy, Onyeka Akumah who was at Techstars Atlanta on Monday said: “We thank God for the progress He has shown us so far. We are super excited about this opportunity and will be looking forward to learning more from the Techstars Community on how we can scale our efforts from 1,000 currently engaged small-scale farmers to about 10,000 small scale farmers in the next 12 months.

    “We also hope to learn about building more relationships with key agro-players in and outside Nigeria in addition to the ones we have while taking advantage of, and amplifying the government’s efforts to grow the Agriculture space in Nigeria.agro-players in and outside Nigeria in addition to the ones we have while taking advantage of and amplifying the government’s efforts to grow the Agriculture space in Nigeria.

    “With the knowledge acquired, Farmcrowdy can encourage more youths and middle-class Nigerians to participate in Agriculture while being ‘farmers without a farm’ for the purpose of creating impact and getting returns.”

    The Q3 2017 class will now commence an intensive, bootcamp-style program, with weekly mentor meetings, classes and training on various subjects ranging from marketing to sales to funding, and technical and business support.

    All participants will be working out of Techstars Atlanta’s Ponce City Market space bootcamp-style program, with weekly mentor meetings, classes and training on various subjects ranging from marketing to sales to funding, and technical as well as business support.

    Farmcrowdy, which was voted Top 25 Most Innovative Companies & Institutions Awards 2017 by BusinessDay and won The Agro-Innovator of the Year Award 2016/17 by the Nigeria Agriculture Awards, aims to end poverty one farmer at a time.

  • Promoting sweet potato business

    Promoting sweet potato business

    The Federation of Agricultural Commodities Association of Nigeria (FACAN) is promoting sweet potato flour as a viable business. The project is expected to be a source of income for the unemployed, civil servants and retirees. DANIEL ESSIET reports.

    The Federation of Agricultural Commodities Association of Nigeria (FACAN) is exploring a range of agro produce as part of a strategy to expand exports and boost domestic production.

    It believes there is high demand for sweet potato, melon, mango, pineapple, yam, pepper, pumpkin, herbs and spices.

    Specifically, a project to promote sweet potato flour to serve as cassava substitute is in the offing.

    Sweet potato has many uses.  Not only can it be grown as a food substitute for cassava, it can also serve as a potential source of raw materials for industrial uses and food delicacies.

    In addition, it can be processed into feeds, flour, starch, and other products for local and export markets.

    FACAN National President Dr. Victor Iyama, noted that sweet potato is a nutritious vegetable with a lot of potential.

    Apart from this, he noted that there are business opportunities along the sweet potato value chain; from planting to marketing and processing of the crop.

    In view of this, he  said the  association would promote sweet potatoes processing into flour that would be consumed like garri in  homes  and  restaurants.

    He explained that a lot of Nigerians would be trained on how to process sweet potatoes into flour and a wide variety of value-added offerings for the retail market to enable them  start new business along the value chain.

    One advantage that sweet potato provides for the youth considering agro business, according to him, is that it can be harvested within four months. Secondly, startup capital can be as low as N250,000.

    As Nigerians are encouraged to cut sugar intake and eat more fibre and antioxidants, he said sweet potato is full of vitamins.

    To move this project forward, Iyama said the association would  partner Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), which has promised to provide its members with  special machines that can process  sweet potatoes  into  flour.

    Working with Iyama in the campaign is the National President, Potato Farmers Association Of Nigeria (POFAN), Hon Bayo Agboola, who   wants the public to take advantage of sweet potatoes’ rich vitamins which cure vitamin A deficiency diseases.

    Besides being rich in Vitamin A content, he noted that sweet potato could help in fighting obesity.

    Agboola, also the Southwest coordinator of FACAN, explained that sweet potato  production  is  financially viable, adding that one could go into commercial  production  of  tubers, vines, storage technologies  and  snack  production.

    With small scale processing facilities, he believes a lot of entrepreneurs can process sweet potato into products that can be used in sauces, vegetable/fruit juices, among others.

    He explained that it could be grown in various soils – from heavy to sandy. However, it thrives best in sandy loam soils rich in organic matter in areas with uniform rainfall and good drainage.

    He explained that the crop could be planted throughout the year but the ideal planting time for best varieties was at the onset of the rainy season or immediately after the rainy season when soil is still moist.

    On the whole, according to him, sweet potato is relatively cheap for households.

    Meanwhile, the demand for sweet potatoes has increased country wide with more entrepreneurs venturing into the business.

  • Centre launches skills scheme

    Afterschool Centre for Career Development, an empowerment organisation in Calabar, the Cross River State capital,  has  launched its PushForSkills Campaign as part of its activities to conversational series  promote the United Nations World Youth Skills Day.

    Designated by the United Nations, the World Youth Skills Day (WYSD)  started in 2015.

    It has raised awareness about the importance of youth skills development.

    The centre’s Faculty Lead Ms. Esther Eshiet, stressed the need to promote WYSD to reduce the number of young people who are out-of-school and not in education institutions, employment and training (NEET).

    According to her, the number of unemployed persons globally this year is about over 201 million – with an additional rise of 2.7 million expected next year – as labour growth outstrips job creation, according to the International Labour Organisation’s (ILO’s) World Employment and Social Outlook – Trends 2017 (WESO).

    Ms Eshiet explained that the centre  campaign seeks to generate more awareness on the relevance of skills development comprising core skills, technical and vocational skills as well as highlight the place of skills acquisition in driving employability and entrepreneurship.

    She  further explained  that the centre would  host Twitter Chats on four key high impact areas of Agriculture, Social Entrepreneurship, Environment and Eco-Tourism as well as Digital and Communications Technology.

    According to  the schedule, the  Twitter Chats will be hosted on July 28, August 4 and  11, using  the hashtag # The #PushForSkills and #PushForSkillsAMA.

    Afterschool Centre for Career Development (formerly known as Afterschool Peer Mentoring Project) is a non-governmental, capacity development organisation committed to inspiring, investing and engaging the young as well as facilitating opportunities for them in the transitional stages of their lives.