Category: Small Business and Entreprenuership

  • Entrepreneur banks on digital currency success

    A computer expert-turned digital currency entrepreneur, Innocent Iwujie, caught the entrepreneurial bug early. He is promoting digital and info marketing. He is an influence to many when it comes to making money online. DANIEL ESSIET writes.

    Chief Executive,   Owujie Marketing Limited, Innocent Owujie, is a successful internet entrepreneur. His  passion is finance, economics, and technology.

    He makes a living through a combination of marketing profitable websites, creation of direct response copywriting, and affiliate marketing.

    He teaches the skills at seminars and workshops, helping others to tap into digital publishing and online marketing. He writes e-books and markets them on the internet. He is into importation, using the internet.

    Since going full-time on the internet, he has tried several websites, and approaches. Some have worked for him, while others have not fared as well. He also makes most of her income through hosting affiliate programmes on the internet. After many  years  in digital marketing, Owujie said the future  laid in digital currencies and that entrepreneurs  involved in such businesses  processes transactions that worth millions of dollars a day.

    Owujie, a graduate of  Lagos Business School, said Nigeria was witnessing the intersection of technology and capital, and that entrepreneurs would make a lot of money, using  digital currencies.

    According to him, digital currency is created and held electronically. It allows individuals to transmit money to one another online without using a bank or other intermediary. He believes that, with time, digital currencies would impact the society to the same degree the Internet had.

  • Building hope, skills, incomes through entrepreneurship

    Building hope, skills, incomes through entrepreneurship

    The Covenant University pioneered the idea of making entrepreneurship development studies compulsory for all its students in 2002. The motivation was to produce graduates who would be jobs creators. The impact thereafter was evident in the increase in companies founded by the school’s young graduates. Some of them are Gingerbox, PushCV, SimerNG, Grappleline, RSVP, Softcom and Vericampus, reports DANIEL ESSIET.

    Founder and Chief Executive, Ginger Box, Adekunle Jinadu, is  an entrepreneur with business ideas that never stop. His success started with his affection for good food.

    He thought about fresh food delivery business. Eventually, he founded Ginger Box, from the vision to establish an online marketplace that connects eaters with the nation’s fresh food. Today, Ginger Box is a success story. They are explorers of food and on a mission to discover everything delicious and fresh. The care and craftsmanship that go into transporting the food after an order, bring them great satisfaction.

    His organisation works with a number of high-profile customers with presence in Lagos metropolis. He is one of the most-celebrated graduates of the Covenant University, Ota, Ogun State. He studied Computer Science and graduated  in 2007. He was among the graduates of the university that said the university  provided  the environment  for its students to learn e-skills necessary to start their businesses.

    During his undergraduate days, Jinadu participated in many entrepreneurship activities as much as he could. He attended lectures by local entrepreneurs and  took classes in entrepreneurship. For him, the entrepreneurial training gave him the edge.

    He is among the success stories of the university entrepreneurship programme.

    The motivation of the university was to produce graduates, who will not look for jobs but create them. In a very short period, the impact was evident by the companies founded by those graduates.

    Consequently, venture capitalists have spotted the university graduates as those with high promise to invest in. Startup investment accelerators such as  Leadpath recently found out that 50 per cent  of the startup companies they invested were Covenant University graduates. Startup accelerators such as Co-creation Hub (CcHUB) have visited the University for Partnership. Director at the Centre for Entrepreneurship Development Studies, Covenant University, Dr Stephen Oluwatobi, announced plans by the CcHUB to establish a relearn centre at the university.

    He said the university wanted to create new opportunities for students to develop entrepreneurial mindsets, behaviours and skills – abilities that will help them not only to create their own futures, but to contribute to the economy.

    According to him, Nigeria faces the same challenges as those of most developing countries. The challenges, though pressing, are also opportunities for new ideas.

    He added that government has to respond with a range of national policies and initiatives aimed at achieving a more competitive economy where enterprise, entrepreneurship and  innovation are the drivers of growth.

    He maintained, however, that graduates with entrepreneurial and innovative mindsets, behaviours and skills are vital to making this happen.  The higher education sector, through entrepreneurship education, according to him, has a crucial role to play.

    Oluwatobi   said entrepreneurship was part of the institution’s vision and strategy, and with  clear objectives and outcomes.

    He explained that employability issues have emerged as a key concern  for students in the context of changing graduate labour markets, adding that students of the university are  willing to pursue self-employment and entrepreneurship, including social entrepreneurship.

    By catalysing a thriving business ecosystem, linking students to opportunities and providing business coaching, Oluwatobi maintained that students are provided the motivation to build strong business ideas while in campus.

    Through a series of intensive workshops and professional mentoring, he said students are able to devise core business models, find the right product-market fit and test their ideas with potential customers.

  • Group launches job creation initiative

    The Youth Leadership Entrepreneurship, Access and Development (You Lead) project, implemented by Cuso International in Nigeria, has launched a Private Sector Engagement Initiative to promote the growth of enterprises and social ventures.

    Recognising the crucial role of the private sector for development, the Youth Leadership Entrepreneurship, Access and Development (YouLead) project was launched at the Private Sector Engagement Initiative in Calabar, the capital of Cross River State.

    The initiative is aimed at mobilising and engaging with relevant private sector actors for mutual benefit in the enhancement of sustainable economic growth for young women and men in the state.

    YouLead project is implemented by Cuso International in Nigeria, a development organisation that works to reduce poverty and inequality through the efforts of highly skilled volunteers, collaborative partnerships and compassionate donors.

    Delivering her key note address, titled: “Promoting Social Innovation and Entrepreneurship in Nigeria”, LEAP Africa Founder and co-founder of AACE Foods, Mrs Ndidi Nwuneli, said the number one priority for everyone participating in the programme is jobs. She explained that “about 1.8 million youth enter the job market yearly, however only 10 per cent can be absorbed”.

    She noted that the high unemployment has serious implications for national productivity and growth, social cohesion, political stability and national security. She explained that the myriad of problems faced by the society can be addressed through social innovation and social enterprise.

    She said: “As entrepreneurs, you are not just creating businesses but you are creating innovations that affect the lives of others in a positive way.”

    She added that social innovations can be either profit-making or non-profit-making and can operate in the private, public and non-profit sectors. She said if Nigeria’s population is going to be 450 million by 2050 as projected, social innovation is critical to solving the mounting problems that will confront society.

    The Head of Programmes in Africa, Cuso International, Patricia Walls, urged the participants to contribute to social change by using their creativity to come up with social innovations that would solve some of the world’s social problems.

    In her closing remarks, the Acting Country Director, Cuso International Nigeria, Dr Kenna Owoh, commended participants for active participation and encouraged them to collaborate with Cuso International to drive social innovation and entrepreneurship in Nigeria. She saidYouLead was designed to empower the youths of Cross River State with the knowledge, skills and confidence to start their own business in the natural resources sector.

    The event also featured a panel of discussion on ‘Building Profitable Businesses with Social Impact’, which was moderated by the Manager of Gems3 project, Mrs Geraldine Oku. YouLead project is based in Cross River State, Nigeria. The initiative promotes youth entrepreneurship and employment in natural resource sectors of agriculture, forestry, aquaculture and eco-tourism. The project’s objectives are to reduce youth unemployment by improving entrepreneurial capacities of young women and men, as well as the policies, regulations and enabling environment required to create jobs and economic opportunities in natural resources. YouLead is supported by the Canadian government through Global Affairs Canada. CUSO aims to establish 4,500 new youth enterprises in addition to 500 existing ones in the state. YouLead is supported by the Canadian government through Global Affairs Canada.

  • How SME clusters can boost sustained growth

    Accelerating industrialisation requires creating small and medium-sized enterprise (SME) clusters  and  focusing on job creation and entrepreneurship, the President, Association of Small Business Owners of Nigeria (ASBON), Dr Femi Egbesola,  has said.

    Egbesola said focusing on job creation, entrepreneurship and the promotion of small and medium enterprises (SMEs) could boost inclusive and sustainable industrial development across the country.

    According to him,  SME networking  through  cluster development  would  assist them to overcome the challenges of the economy by fostering their collective efficiency  apart from helping the government  and the banks to monitor  loan repayment and regulatory compliance.

    Given the substantial opportunities for SMEs in areas such as manufacturing, services and agriculture and their potential for reducing poverty, he said  it was  critical for governments to come up with effective strategies and practical investment programmes to facilitate further SME cluster development. Egbesola stressed the  need to create an enabling environment for business, which activates industrial growth, triggers local economic development and increases income and job opportunities.

    He  said ASBON was working with Ogun State government  to take over  management of Yewa market.

    The partnership, according to him, is expected  to provide some tax reliefs for  SMEs  and encourage more Nigerians to embrace entrepreneurship by taking spaces at the market. Egbesola said the association is in the forefront of promoting made-in–Nigeria products. According to him, Made in Nigeria’ projects enhance manufacturing.

    Other than opening avenues for job creation and skill enhancement, he  believes it aims at enhancing the quality standards of Nigerian made products, minimising the impact on the environment, and making Nigeria  a desirable destination for capital and technological investment – factors that will go a long way in boosting exports.

    He reiterated the plan of the association to establish a micro finance bank to help entrepreneurs grow their ventures.

    The overall entrepreneurial ecosystem, the ASBON boss, maintained, needs to be nurtured to encourage greater growth ambition among SMEs. This could be supported through the establishment of public-private partnerships delivering high-quality SME business support.

    He said there was need  to support SMEs to innovate and transform as a means of building a sustainable business, and  these should include a healthy dose of incentives and financial-assistance programmes to help them along.

  • Entrepreneurs to watch

    Entrepreneurs to watch

    To the government, entrepreneurship should drive transformation, economic development and business growth at a period like this. Here is the profile of entrepreneurs who are building businesses, brands and social enterprises to put the country on the global map, DANIEL ESSIET reports.

    A LOOK at some entrepreneurs shows those set for entrepreneurial stardom

    this year.Their stories attest to how they are contributing to transforming economy through their products and services. They are role models who can inspire others.

    According to startup advisor and investor Edward Esene, a lot is going to happen to support the growth of entrepreneurship nationwide. The emerging entrepreneurs include:

     

    Founder/CEO, WeCyclers

    Bilikiss Adebiyi is founder and CEO of WeCyclers. The Lagos-based company is focused on giving low-income communities in developing countries a chance to capture value from waste and clean up their neighborhoods through an incentive-based recycling programme.

    She holds an MBA from MIT and a Masters from Vanderbilt University. She is a 2013 Echoing Green Fellow and WeCyclers Sustainia100 Company Award winner in 2014. As a part of the process, residents are offered an incentive for collecting their household waste which is picked up for free by Wecyclers using specially adapted bicycles. To create incentives among low-income households to participate, rewards are given to them for every kilogramme recycled, via points sent by text message. These points are  redeemable against goods they value, such as cell phone minutes or basic food items. The rewards have been funded in partnership with big brands such as Coca Cola and GlaxoSmithKline.

     

    Founder  ORÍKÌ

    ORÍKÌ, founded by Joycee Awojoodu, is not only creating a range of products that truly celebrate Africa’s natural resources, but it also positively touches the lives of those who harvest those raw materials. ORÍKÌ is a leading luxury personal grooming brand that fuses natural ingredients and scientific research to create extra-ordinary personal care products. The brand creates effective and luxurious beauty and grooming products utilising raw materials and all natural resources discovered around the world. The range of 32 products is for the ORÍKÌ woman and man, and covers the full spectrum of serums, moisturisers, body wash, moisturisers, exfoliates, toners, treatments, masks and more. Botanically based, the brand uses potent plants, organic ingredients and 100 per cent natural essential oils.

    With a flagship store located in  Lagos and an e-commerce site built to serve the modern, smart, tech-savvy and health-conscious consumer, ORÍKÌ’s retail spaces are conceived to express a unique blend of vibrancy, style and education.

     

     Kereksuk Rice Farm

    A  former reporter, Rotimi Williams is an ambitious 35-year-old entrepreneur.

    He is the owner of Kereksuk Rice Farm, the second largest commercial rice farm in Nigeria by land size. His farm is situated in Nasarawa State. It sits on 45,000 hectares and employs more than 600 indigenes of Nasarawa State. His farm produces 8000 metric tons of rice every year. He produces quality paddy that is sold to major milling companies.  An MSc in Finance and Development Studies holder from School of Oriental and African Studies, London, he is optimistic that he will increase his land holding to 55,000 hectares.

     

    Founder of Simply Green

    Shola Ladoja is the founder of Simply Green Limited and Managing Director of Real Livestock Limited.

    Simply Green Juices is Nigeria’s first farm to bottle raw cold-pressed juice company with a high percentage of produce coming from its farms.

    With a focus to stop the importation of most vegetables and produce that can be easily grown by mixing organic and technically- advanced farming practices, the firm understands the importance of high quality and well-packaged produces especially vegetables and herbs.

    His passion for agriculture saw him depart from his profession as an engineer to follow his dreams as a farmer. He started the business with N250, 000 in  May 2014. Little by little, the business began to grow and turnover increased. The company is one of the fastest growing fruit juice companies in a competitive environment.

    Ladoja started the firm primarily because he wanted to drink juice not knowing it was going to be a successful business.

     

    Founder, Gamsole

    Abiola Olaniran is the founder and CEO of Gamsole, a Nigerian gaming company. He  founded the company in 2012, and it has venture backing from 88mph, a Kenyan seed fund and Microsoft. Gamsole has been developing  games solely for the Windows Phone store since April, 2013.

    The company’s games now have more than 9 million downloads both locally and internationally on the Windows Phone store.

     

     Co-founder  OmoAlata

    OmoAlata, a firm co-founded by Kasope Ladipo-Ajai,  produces Nigeria’s first National Agency for Food Drug Administration and Control (NAFDAC) approved 100 per cent organic packaged blended peppermix.

    The food service brand, launched in 2012, is focused on the production and sale of hygienically processed and packaged local soup, spices and peppers. It aims to promote healthy eating and to make cooking easier for busy people.

    Kasope won first prize in She Leads Africa’s (SLA’s) 2015 Entrepreneur Showcase. She won $10,000, a mobile device from Etisalat, international media coverage and a host of other prizes.

  • A philosopher-decorator

    A philosopher-decorator

    Tinus Interior Design Chief Executive Atinuke Obabiyi-Nicol started her business in 2015. She has grown into a turnkey interior solutions provider, designing and executing art works for residential spaces and corporate houses. DANIEL ESSIET reports.

    THE graduated in Philosophy from the University of Lagos (UNILAG). But today, Atinuke Obabiyi-Nicol    has become an interpreter of modern interior designs. Her love for textiles and design began at a young age.

    She said: “From a very little age, I had flair for creating designs and artworks. I have always loved designing things. When I was a teenager, I  arranged my room in my own way.’’

    She started designing her family house at an early age. She knew that was the only way to fulfil her dream of being an interior designer. She said when her business started, things were so slow that she nearly lost faith in it, but she perserved and now she owns a thriving interior design firm.

    Today, her work span private homes to hotels and restaurants. She started with N300,000. Today, the business has become self-sustaining. Tinus Interior Design is a  consultancy and interior design firm, designing general makeovers and styling of corporate and individual spaces. She deals with everything, including artwork, accessories and furnishings. Her talent is giving modern and contemporary houses a bright and playful yet sophisticated personality.  Her selling point is her diligence and her home. She started by redecorating  her home to provide a suitable gallery space designs  that  reflect a mix of neutral tones, textures and subtle pops of colour. After she designed her home, her neighbours and friends, who were impressed by her style, suggested projects to her. It was this verbal publicity that set her on her entrepreneurial journey. She pursued an online course with British College of Interior Design to bring in professionalism to her innate style.

    Her sophisticated designs are a manifestation of easy elegance with added personal touches to satisfy her client’s needs to achieve a balance between functionality and beauty. Her simple masterpieces are based upon the classic principles of playing with colour, light, and furnishings.

    During the initial months, Atinuke faced a lot of struggle to keep hanging on.  But her learning from such experiences has shown that tough times don’t last, tough people do. She covers all areas of interior design. Through learning, she has branched out into so many areas.

    She sees interior design as a relationship business while the spoken word is her greatest source of new work. Her strong point is well-curated spaces that are comfortable and easy to take care of.

    She likes to showcase craftsmanship with quality casework and built-ins. With some clients, she has designed multiple homes and offices and developed long-term relationships. She has also worked with many clients including several builders and dozens of residential spaces.

    Atinuke  Obabiyi –Nicol  is not afraid to make a statement.

    According to her, believing in oneself and valuing one’s business fundamentals is the only way to embark on your entrepreneurial journey.

    She said:  “I strongly believe in my passion.” The other strategy is being able to do it so well for so long.

    For Atinuke, doing business is tough and has its ups and downs but the rewards are so gratifying. She has created a work place that does not promote competition but rather collaboration, a place that does not create stress but encourages comfort, a place that is  home and work.

    She is constantly on the phone with suppliers and contractors to try and make everything run smoothly in order to create success.

    She stressed the need for the government to provide more support and encouragement for young people to tap into their creative and entrepreneurial talents.

    She is successful because of her  confidence in God, self-belief, a good attitude and a great work ethic. Her business is her  world, she loves it with all her heart. She adores what she does and is still just as passionate about design as she was when she was young.

    In addition, she loves the relationships she  develops with clients by creating home for them to live in and enjoy. The planning and designing side is her  favourite part of business. Her greatest inspiration are her parents. She is blessed to have very understanding parents.

    A dedicated supporter of good causes and the championing and nurturing of younger and older entrepreneurs, Atinuke is determined to mentor small and medium-sized businesses.

    For would-be interior decorators, she said there are opportunities for new entrants, and great resources online or them to learn. To keep up with trends, she devours all design magazines and reading other design blogs.

  • ‘How we’ve impacted on over 20,000 businesses through micro-credit scheme’

    The Osun Micro-credit Agency has given a breakdown on how its N3.2bn loan scheme has impacted on more than 20,000 businesses in the last year, 2016.

    The General Manager of the agency, Mr. Dayo Babaranti, while giving a breakdown on Thursday in Osogbo, said the over 20,000 beneficiaries of the loan scheme came under the 1,366 cooperative groups which applied for and got loans from the agency in the year under review.

    According to the General Manager, the cooperative groups with the least number of members out of the 1,366 had 15 members.

    “If you sum up this, with the least groups having 15 members, you will agree that conservatively put, we have recorded over 20,000 beneficiaries in 2016,” Babaranti stated.

    Babaranti added that in addition to the over 20,000, 321 Small and Medium Enterprises were also funded while a total of 205 individuals applied and got loans through the same scheme.

    Before Thursday’s breakdown by the agency boss, the government had on Wednesday said that more people are expected to benefit this year, 2017, as government intends to still expand the micro-credit facilities to go round more businesses.

    The statement by the Bureau of Communication had said, “This government is poised to make sure that its small and medium scale businesses are developed roundly for the economic growth of the state.

    “This was while last year alone, 1, 366 cooperative groups benefitted from the interest-free micro credit of the government, which is aimed at empowering small and budding business enterprises. With each cooperative group having at least a membership strength of 15, that would tell you that well over 20,000 businesses have been impacted on.

    “For the ease of doing business, Government has made the loan interest-free. This will help the repayment of only the principal alone.

    “Government has thus taken up the burden of paying the interest on the loan.”

    The statement advised that loans be judiciously utilized by the beneficiaries.

    Government also promised to continue the financial assistance as more beneficiaries would be targeted in the new year as well.

  • Turning cassava waste to wealth

    Turning cassava waste to wealth

    The food industry has been making an impact because of its potential for value addition. Like food waste and animal feed, cassava peels have the potential of becoming big business.DANIEL ESSIET reports

    ost farms in Ilero in Kajola Local Government Area of Oyo State are full of cassava. The crop is grown widely because there is a market for it. But cassava peel have become a stream of income opportunity.

    Tunde Rasaki (not real name) is a secondary school pupil from a poor family.

    To raise N3000 for his school fees, he joined other youngsters people to peel cassava for farmers. For 50 kg of cassava peels, he is paid N100.  He is also given the waste peels which he sells to goat and pig farmers. He makes money from it. In Nigeria, nearly three million households (mostly women) produce 50 million tonnes of cassava yearly. Most of the crop is used for human consumption, but about 14 million tonnes of its by-products, including peels and under-sized tubers, are thrown away. There is a thriving cassava industry that produce enormous peel waste.

    Ilero is home to national cassava production enterprise.

    Driven by local men and women, the growth of the local cassava industry has seen a significant drop in seasonal unemployment in a short time.

    Consequently, two organisations, the International Livestock Research Institute (ILRI) Ibadan, Nigeria and Niji Group,  a cassava processing firm, want to create markets for processed peels across the town. To achieve this, industry partners have  participated in multiple feeding trials. The trials created the necessary confidence in the industry on the nutritive quality of the products and created a huge demand for the product.

    Already, ILRI has  developed a technology to process fresh cassava peels into high quality cassava peel products with better shelf life and nutrient profiles acceptable to the feed industry. The institute has moved into the area through a partnership with Niji Group, that could see new companies setting up home in the area and growing there. If they are to succeed, Niji Group Chief Executive, Mr. Kolawole  Adeniji noted, the  town must nurture local entrepreneurs and attract new enterprises. With the favourable developments in Ilero, including abundant low-cost and year-round availability of cassava peels,  ILRI and Niji Group want to fabricate appropriate and simple technology to process the peels, to livestock feed to meet strong demand from the feed industry due to the high prices of traditional feed ingredients. Entrepreneurs are seizing the opportunity to commercialise the technology.

    The first major success of commercialisation has come through the selection of Niji Foods, to set up three cassava peel processing units with financial assistance from the United States Agency for International Development (USAID). Selection of the technology and the willingness of Niji Foods to fund 50 per cent  of the investments testifies to the financial viability of the technology and its relevance to the regional needs. Ilero  is one of key towns that would lead the economic growth in its area, if there are infrastructure to speed up the growth and success of start-up and early-stage food companies by providing them with access to valuable services and resources.

    Adeniji believes existing technologies of drying and grading cassava peels could hold the key to providing a readily available and sustainable source of animal feeds, increasing incomes for women and boosting food security.

    Under an agreement, Niji Foods and ILRI will train up to 750 women and staff involved in cassava peels mash processing and business management providing long term employment and hand over partial ownership to at least three women’s groups.

    Through the technology, scientists have successfully reduced the drying of cassava peels from three days to one, and to just six hours in some cases. The resulting dry cake is then loosened, sun dried and divided into various grades for different animals, including large and small ruminants and poultry.

    Adeniji said a small industry has emerged from young people and adults making a living from peeling cassava. Though the young entrepreneurs sell the peels, he noted, however, that million tons of peels that are being wasted each year and treated as environmental nuisance.

    According to him, the waste will become a tradable livestock feed commodity.

    For him and other entrepreneurs, cassava peels have the potential to add around 15 million tonnes of quality feed creating a $2 billion a year industry in Africa.

    This will immensely help the livestock sector besides other multiple benefits such as creating employment and incomes for the cassava processors mostly women in the unorganised sector along the value chain and cleaning of the environment.

    Adeniyi wants to support entrepreneurs to establish cassava processing facilities to turn the area into a cassava processing hub.

    The enclave, he said, would facilitate the sharing of ideas, risks and benefits as well as promote investments in areas such as “transporters specialised in cassava haulage,” fabricators and artisans. He said Niji Foods would serve as an anchor client for producers and processors of cassava and share experiences to promote the growth of the cassava value chain.

    According to him, the growth of the cassava value chain would have a huge impact on the local economy with the provision of jobs, investments in infrastructure, skills acquisition and technology transfer in the rural areas.

    He added that commercial farmers would also benefit from the enclave as they would be major stakeholders in the supply chain and create substantial employment in view of the labor-intensive nature of the industry.

    More than 50 products, including native starch, various modified starches, cassava flour, sweeteners, biodegradable plastics, adhesives and ethanol are derived from processing cassava. To this end, he is at the forefront of turning cassava peels into livestock feeds.

    Adeniyi said his plan is to establish village- based mini-industrial processing units across Oyo State to turn villages into active processing and marketing hubs thus transforming livelihoods through employment creation and income generation.

  • Lending them a helping hand

    Lending them a helping hand

    To help them grow, the Lagos State government has trained artisans and small businesses on how to hone their skills. The training was organised by the Ministry of Wealth Creation and Employment in conjunction with ServiceCity and Microsoft in Lagos, DANIEL ESSIET reports.

    Lagos State Ministry of Wealth Creation and Employment Commissioner Mr. Babatunde Durosinmi-Etti has advised young entrepreneurs and artisans to gain hands-on business skills and entrepreneurial training through experiential activities.

    To  this end, his ministry and development partners are working to provide digital and business skills to small, medium enterprises (SMEs). The programme has the support of many development partners, including Microsoft Ventures.

    Opening a digital training  organised by the ministry in conjunction with ServiceCity and Microsoft for small and medium-sized enterprises (SMEs) and artisans in Lagos, Durosinmi-Etti said SMEs and artisans  play critical roles and  provide a way forward for solving challenges, creating jobs and  generating renewed economic growth.

    Represented by his Permanent Secretary, Abdul Ahmed Mustapha, Durosinmi-Etti, said SMEs were the engines of economic growth, which operate in an economy that requires acquiring digital skills and  mindset to succeed.

    He explained that the business and trading environment is changing more rapidly than ever before and, therefore, the digital landscape has become increasingly important for business success and networking.  In the fast- moving age of the app, he said artisans and SMEs need digital skills to reach their clients and customers across without having to spend money to reach them physically.

    To achieve this, he  said artisans  and SMEs  must make connections that keep them relevant in the fast-moving digital age, allowing them to outwit their competitors and delivers products or services that customers demand now, and crucially, in the future.

    He said the ministry decided to partner  ServiceCity to help SMEs  master the opportunities of the digital age, access new customers and gain insight into future challenges at lower costs .

    According to him, ServiceCity is a platform for artisans in Lagos set up a showcase of their work, share ideas and find out what others are doing, providing links to people, opportunities and information.

    He explained that ServiceCity  is modular, scalable and replicable.

    As part of an ongoing project to improve  virtual marketplace, Durosinmi-Etti  said the government is determined to support artisans and SMEs not only to use the platform  as a marketplace but also offer them  an easy and cost-effective solution to trade online.

    Building a successful small business, he  added, requires steady access to finance, product and market information, and tips from peers who’ve been there before and know how tough it is.

    Entering ServiceCity, he noted, was  critical for SME owners and artisans who want to succeed.

    The  commissioner further added that the state government was working on building a pension scheme for SMEs and artisans.

    ServiceCity Chief Executive Officer, Olufemi Ogunseinde reiterated his organisation’s commitment  to supporting economic regeneration  by enabling them to embrace that technology to help make connections and reduce business costs.

    According to him, the impact of the skills gap among SMEs and artisans is far-reaching and varied, with effects on the economy and business performance.

    He said the group was working with the government to help organisations find knowledgeable, skilled workers; helping individuals access the training and education they need to get a job; and assisting industries to develop the skills of the current and future workforce.

    According to him, the plan of the company is to train and empower 150,000 artisans and SMEs entrepreneurs this year and reach a million target in three years.

    Microsoft Business Solution Lead, Dynamics, Olatomiwa Willliams said the tech firm is working with ServiceCity and Lagos State government to assists SMEs  and artisans in building marketing strategies, developing marketing tools, strengthening their branding and visual identity, as well as promoting their participation in international buyer-seller events and initiatives in regional and international markets.

    She said Microsoft is deploying technical assistance to put tools in the hands of entrepreneurs, and help them to overcome challenges of online business expansion.

    In the right business environment, she noted that SMEs can grow into large firms, changing the game locally, carving their niche globally, but need to be technologically enabled to create significant income opportunities, boost their productivity and sales and supply increasingly valuable goods and services.

    She said Microsoft focuses its support on working with governments and individuals to provide productivity and business solutions to  help them grow.

  • ‘There is money in  mushroom cultivation’

    ‘There is money in mushroom cultivation’

    An entrepreneur, Travih Abayomi, who manages the mushroom research farm of the World Bank-funded Africa Centre of Excellence in Phytomedicine Research and Development in Jos, the Plateau State capital, is promoting mushroom cultivation to fight poverty and provide jobs. DANIEL ESSIET reports.

    His faith in mushroom cultivation as a money spinner and as a way of lifting Nigerians from poverty is unshakeable.

    As an entrepreneur, Travih Abayomi, has made money from it. He grows mushroom in large quantities. He and other mushroom entrepreneurs had no difficulty in selling their produce. This is because market demand for mushrooms is high. He started the business with very little cash.

    He said the business is self-sustaining. But how did he come about mushroom business idea?

    He said: “I have always had the idea of being a farmer right from when I was very young. I have always dreamt of having a big farm. But my parents wanted me to be a doctor. I ended up studying botany at the University of Lagos. After my service year, the economic situation of the country discouraged me from going further with my studies as a botanist, so I got the very first job that came. That was how I got into oil and gas. But sincerely, I wasn’t satisfied. Yes the money was flowing in but I was frustrated with my job. The frustration led to burn-out. I  made some decisions that led to a period of serious financial setback. It was then I prayerfully decided to get back into my field-botany. God helped me and I got a job with the Africa Centre of Excellence in Phytomedicine Research and Development, University of Jos, where I developed simplified protocols for the cultivation of edible and medicinal mushrooms, essentially for research.

    “It was then I decided to start up my own business and private practice of cultivating mushrooms as well as consulting for individuals interested in mushroom growing.”

    He has been in business for about 20 months.Mushroom growers can make some good profits if they handle it well,” he added.   He doesn’t have anybody helping him on the farm because it is a business that anyone can go into without the headaches of employing workers.

    He said: “At a certain stage, when the business has really grown, one can then think of bringing workers on board.”

    Has he made mistakes? Yes of course, but he doesn’t see them as failures but feedbacks.

    His counsel to young entrepreneurs is for them not to give up.

    He said: “When someone tells you no, take it as next opportunity. Also, don’t be afraid to venture out. Turn your venture into an adventure.”

    His most satisfying moments are those periods he sees his mushrooms and vegetables grow. He is happy for his accomplishments so far as people come to him to learn the art of growing mushrooms.

    He spent time training people. He has also developed organic fertiliser recipes with desirable insecticidal and fungicidal properties, making him a sought-after resource person in Plateau State and its environs.