Top tips on how to create wealth from agricultural products in Nigeria and around the world. We’ll share with you how to export your produce from Nigeria to foreign countries and make money. We’ll also share with the best agribusiness that can fetch you millions of Naira per month.
We’ll also share with you top business ideas to make you a wealth creator.
The Federal Government has launched a dedicated survival fund to make it easier for Nigerians to apply for loans.
According to Minister of State for Industry, Trade and Investment Mariam Katagum, the new portal for the Macro, Small and Medium Enterprises (MSMEs) would accept and track submissions of Stimulus packages for interested small businesses in Nigeria.
Nigeria’s government released the timetable for survival fund application for the N75 billion for Micro, Small and Medium Enterprises (MSMEs) and Guaranteed Off-take schemes. The application begins Monday, September 21, 2020
After the global pandemic, business owners will have to focus on increasing sales and lowering cost, unfortunately, eight out 10 SMEs fail within the first 18 months, says Bloomberg. In this post, we’ll share with you 60 effective ways to cut business expenses in Nigeria.
Do you know that it isn’t the amount of money you earn rather your financial discipline? In these seven finance lessons, an ex-banker narrates how his driver who earns less than N40,000 per month built a house while he couldn’t buy a plot of land.
This is a true-life story! In the later part of this story, we’d share with you 20 finance quotes of all time
In a real-life story shared on Twitter on July 22, 2020, a finance and leadership enthusiast, and career coach Mr Bayo Adeyinka has revealed how his driver taught him a financial lesson a few years ago.
In a story entitled, “Personal Finance: Lessons My Driver Taught Me” Engineer turned banker narrated how his driver was able to build a house with his N40, 000 monthly salary, while he was unable to achieve the same feat despite earning multiple of what the driver was earning.
His story is a true reflection of what Benjamin Franklin said years back:
“Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one”.
Tweeting @greaterbayo, Bayo Adeyinka writes:
Mr Lawal was one of the pool drivers in the bank I worked for circa 2005. He was humble to a fault and always called every one, ‘Oga mi’ (my boss).
He was a widower and had 3 grown-up children. On a certain day, I was on a sales call and Lawal was on the wheels.
Like I used to do at that time, I sat at the ‘owner’s corner’ in the pool car. It was in Ibadan and we were on our way to Akobo- Ojurin.
Lawal normally minds his business as he leaves you to your thoughts, but on that day, as he drove past a particular junction, he pointed at a house down the road, cleared his throat and said, ‘Oga mi, that’s my house down the street’.
‘Your house?’, I asked. He replied in the affirmative. I thought I didn’t hear correctly. ‘Rented or owned?’, I asked again. Lawal smiled. He replied with a tinge of confidence in his voice that the house belongs to him. He added ‘By the grace of God’. I couldn’t believe it.
I looked closely at Lawal. His salary at that time was not up to N40,000 monthly. How could he have built a house on that salary? How did he raise 3 children on that salary? I entered into a mournful mood. I started considering my financial status.
I earned multiples of what Lawal earned but I didn’t even own a plot of land at that time. That was one of the longest rides of my life. I realized that though I didn’t consider Lawal literate, he was by far more financially literate than I was.
I also learnt that you can earn a million monthly and be poor while another can earn a hundred thousand naira monthly and still be better off.
The next morning when I got to the office, Lawal stooped and greeted me in his usual manner, ‘Good morning, Oga mi’. I looked at him and told him matter-of-factly, ‘Mr Lawal, you are my Oga’. Yes, he was the real boss.
There were things he knew about personal finance that I needed to know. From that day, I decided to pay more attention to him. I studied his habits. I observed his actions, and I drew so many lessons from him that helped me to reconsider my approach to personal finance, but I had to make a commitment to a particular personal change.
I stopped sitting at the ‘owner’s corner’ and started sitting on the passenger’s side in front when I’m being chauffeured. Till today, I don’t sit at the ‘owner’s corner’. Lawal humbled me.
Mr Lawal taught me that money is a limited resource. In other words, one can never have enough to meet all of one’s needs. That’s why the rich want more money. The poor think that if they can just have N1m, all their problems will be solved, but it’s not true.
I learnt from him that money can flow towards a direction or flow away from a direction. There are certain things you do that makes money flow to you or flow away from you.
I observed that Mr Lawal was a compulsive saver. If you give him a tip, he would thank you profusely and keep it. If you want to buy him lunch, he would prefer it is monetized and he would save the money. Throughout all our years of working together, I never saw Mr Lawal eat out.
He always brought food from home. It was cheaper for him and helped him save money. It was then I realized that it is not how much you make but how much you keep that determines your financial future.
The true measure of how well you’re doing is not how much you earn but how much you keep. Mr Lawal lived a simple life.
His first daughter at that time was in a College of Education and he paid for her education. Abstaining from what wasn’t necessarily helped him to keep a grip on his finances. He was able to differentiate between a want and a need.
He had a car that he drove to the office in the morning. He carried passengers on the way who pay transport fare which he used to fuel the vehicle. He couldn’t comprehend burning fuel to work while your pocket was empty.
The car was parked during office hours and after he closed at 6pm, he transmuted to a taxi driver until late in the night. He understood that to earn more money, one must diversify one’s income channels or make your money make more money for you. He turned his car into an asset.
Mr Lawal was not a waster. You will never catch him with the air conditioner of the car running when he’s the only one in the car. He knew the universe has a way of punishing wasters as no wasteful person will become rich.
It doesn’t matter what you waste – time, electricity, water, food, talent, idea. It doesn’t matter whose property you waste – your employer’s, the public or yours – the punishment is still the same. Little expenses add up to much and so they matter.
Advising Nigerians on how to manage personal finance, the former banker gives seven tips on how you can manage personal finance
Turkey is one of the birds marvelled by millions of people around the world, though some of them are usually aggressive, this shouldn’t stop you from making cool money from going into a full-scale turkey rearing business.
All over the World, there are more than two dozens of breeds of turkey. In the United States alone, 20 breeds are reported to the Domestic Animal Diversity Information System (IDA-IS) of the Food and Agriculture Organization of the United Nations, which manages and takes record of animal genetic resources programme.
But in this post, we’ll focus on 7 turkey breeds in Nigeria you can rear which would fetch you lot of money within your community or on a large scale.
Hello there, this post can simply be described as the manual for poultry farming in Nigeria and we’ll not disappoint you at giving you all you need to layers poultry farming and the cost rearing chicken.
Currently, there are a variety of poultry birds available for human consumption. While some are known for egg production, meat production others are a combination of both.
You don’t really have to a millionaire to start a chicken farming business if you already have a plot of an unused portion of land in your compound you kick start on a small scale and key into the Buhari Young Farmers Network which was launched recently across the country.
Basically, poultry birds can be grouped into 3 types based on what they produce.
Two decades ago, investment was only possible by depositing physical cash, today transaction has gone cashless. As such, an investment can be done through app on Android and iPhones.
In this post, we’ve compiled 20 trustworthy investment apps in Nigeria that can help you grow your investment while you focus on other tasks.
BLACK FRIDAY– “ the day after the US holiday of Thanksgiving, regarded as the first day of the Christmas shopping season, on which retailers make many special offers”.
This is one special day in a year that people always look forward to for shopping. What are your thoughts about ‘Black Friday’?
How I overcame SMEs challenges-Adaora Opah, CEO of Chi Inspirations
Whether you’re shopping online at home (within your country) or from across the border, there are some factors you need to put into consideration.
In one of our posts, we showed you how to shop online using jumia and other online shopping websites in Nigeria.
In this guide, we’ll explain why online shoppers need to pay attention to some factors before making a final choice on the store that would meet their expectations.
You’ve found your desired product: Is it mobile phone, home appliances, Ladies’ wears, T-shirt?. It’s very important for you to check reviews of buyers who earlier bought the same product.
It’s very important!
The photos of the product you are seeing online might not actually reflect its real and physical look. To check if you’re buying the right product, check reviews of the product.
There are some buyers who would come back to drop their reviews about the product.
Product review is particularly peculiar to products listed on AliExpress, Amazon and other global online stores.
If you think price or cost should come next, we don’t believe so going the research conducted by Granify, which says that return policy is the most important decision-making factor for online shoppers of clothing and apparel.
The study found that in many retail categories, a strong return policy and positive customer reviews are more important to customers than price.
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In Nigeria, you can order shoes online on Jumia, Konga, Dealdey, and GTBank’s MarketHub while eBay, Amazon, and AliExpress are some of the global online stores where you can shop.
The advantages include being able to order at the comfort of your home, and also affords you to enjoy the amazing deals, particularly during festive periods.
You need to pay attention to several things when you’re purchasing shoes online, most especially if you’re first-timer.
And in a few days from now you’ll be ordering shoes online for Christmas and New Year
The most important thing should be buying from a legitimate website. Even if its legitimate, you also need to check out if the online URL is secured before you start using your debit or credit cards on it.
How would you feel if after ordering a pair of shoes online and later found out it isn’t your size?
It’d be frustrating.
In that situation it’s either you return it, or you resell, or give it to someone else. Before ordering shoes online, it’s very important to know your shoe size.
Depending on the countries you’re ordering from, you should know that US, UK, and European shoe sizes are different; also, different brands of shoes go by different size charts.
Some of them go by one digit or two digits E.G 8,9, 10 etc, or 38, 38, 50 etc.
This should be considered when purchasing any kinds of products online.
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The programme has gotten to more than 90% of the states in Nigeria, and it’s planned to cover all the 36 states including the FCT.
“If you know petty traders and artisans in Ebonyi state, we have tradermoni agents are right now in meat market, Ebonyi, Enboyi State,” @trader_moni has tweeted.
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Vice President, Prof. Yemi Osinbajo, who launched the Micro, Small and Medium-Scale Enterprise (MSME) Clinic, in Benin, said the tradermoni scheme will help very small scale traders fund their businesses.
This form is NOT used by @Trader_Moni. We do NOT ask for PVC to register people for the programme. We also DO NOT use printed forms. ALL beneficiaries are registered through an App. This can be confirmed by engaging any of our @Trader_Moni agents or beneficiaries. @BOINigeria pic.twitter.com/GnYHPOTW0O
Alibaba is one of the world’s most valuable companies – its shares nearly doubled in value in 2017.
Mr. Ma’s plan to step down was contained in a letter he sent to Alibaba customers and shareholders.
Jack Ma is one of the richest Chinese men.
To step in is one of Alibaba’s directors Daniel Zhang, a 46 years old man who developed Alibaba’s Single’s Day promotion, the biggest one-day online retail event.
Daniel Zhang has been with Alibaba for 11 years, and risen to become one of the most powerful Alibaba staff steadily since he joined the company.
Why the early announcement?
The one year transition according to experts is aimed at achieving a “smooth and successful transition”.
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In a tweet, Federal Ministry of Agriculture and Rural Development said applicants will soon begin to get their starter pack
However, that seems not to go down well with applicants as they complained of under implementation of the programme, “how can you be telling us update when we have applied more than 12 months ago?” one of the applicants complained.
The FADAMA III AF project is designed to empower Nigerians who want to take up agriculture and as part of the plans of FG’s plan to diversify the economy.
“Primarily, the idea is to introduce a pool of unemployed graduate youth and women to new agribusiness ideas thereby leveraging their energy, motivation, and innovation to strengthen the drive for the diversification of the economy and social change, and enhancing national food security,” FMARD said in a latest update.
Consequently, training has been organized for 5,916 successful candidates from 23 satisfactory states.
Those who were shortlisted to benefit from the FADAMA III have also been urged to stay tuned as status of the disbursement of funds to eligible candidates is underway.
FADAMA is not specifically an acronym, if it is it would have full meaning, but it is a word borrowed from Hausa language.
FADAMA simply means a name for irrigable land—usually low-lying plains underlaid by shallow aquifers found along major river systems
However, the programme which was adopted by the Federal Government has also gotten the support of the World Bank.
Its cardinal objective is to providing a source of water for livestock during dry seasons, and “support large and diverse resident or transient wildlife including herbivores, carnivores and migratory birds.”
“ We now have the support of the governors and commissioners of agriculture of most states and in the next six months, Fadama will make a tremendous incursion in the rural areas and enhance the productivity and well being of our farmers ,” said Abimbola Adubi, World Bank team leader for the project said.
FADAMA has become a household name in Nigeria, “and the competitive spirit that is engendered among the states will further improve implementation significantly,” Adubi said three years ago, and we are becoming to witness that.
The US$450 million Fadama III project is being implemented in 35 states, and in Nigeria’s Federal Capital Territory. Financing is comprised of US$250 million from International Development Agency (IDA) credits and $200 million counterpart contributions from Nigeria’s federal, state and local governments and beneficiaries.
The project, approved by the World Bank’s Board of Directors in July 2008, has six main components:
this guide we’ll share with you how to buy the machine and turn to distributor in your community.
