₦airaland Forum

7.30 am is steep.

Means lodging overnight in Abuja. Not every body can afford such business travels. An empowerment program should not deplete scarce personal resources.

It won't cost the organizers the world if they had 6 validating zones spread across the country... Valid thinking.

Wish concluding time was certain to determine flight back to lagos.

Donxavier:
Thanks so much you've been very helpful. So the 9% MSMEDF is the best offer on cards right now in this country

Yes.

Donxavier:
Sent you the file..

Well, I guess it depends on how you view it. A loan at 7% interest rate with a loan tenor of up to 15 years and a first year moratorium with the maximum of up to N1b at your disposal is surely better than a max 10m grant. A grant/dash is only for start-up purposes, to enhance and grow a business you would need loans at single digit interest rates. Sadly, with the commercial banks going at 23%, you can see the dilemma of the average business man. These CBN programmes do help, with the MSMEDF at 9% but it can be better.

You are right. I won't mind lending on that condition in addition to a grant.

We can't blame the banks. They lend out based on the cost of funds they receive.

Diesel, salaries, returns on investment, regulatory levies, costs of operations, cash handling costs, security, atm maintenance, etc... Costs are high bro.

Diesel and security alone can account for over 30% savings... And this is a conservative estimate.

Banks don't run generators in Developed countries.

I have responded to your mail as regards our discussion.

Thanks

samuelkingz:
good morning house..i hav been highly inspired by all ur creative ideas...and congrats to u all hu made it..pls i wld like to know if an idea like recycling of waste products into reusable products can make it through youwin...recycling (products such as paper,plastic,metals etc)pls ur suggeations wld be valuable.tanks

value creation is key. there should be someone somewhere who is ready to pay for your product or service...and you should be reachable to that person.

The points to identify are:
What do you want to recycle?
what do you want to get as an output?
who are the ready consumers of the output?
what is the process cost (or conversion cost from waste to wealth)?
conduct a cost versus benefit analysis of the whole process
how much can you sell the outcome to make a profit?
will the consumer be willing to pay the cost-plus margin price willingly?
risk analysis...market, industry, regulatory, foreign, etc

once you provide the answers, then we can fire up.

cheers and welcome.

Donxavier:
I have PMed you lol.

There is a better one I think, but I need an experienced hand to help me go through the document. It's a CBN refinancing fund for strictly manufacturers, and I even think it's better than the Youwin. Was done by Sanusi 2010, but you know the way naija is now....info on these kinds of things very very scarce and you just have people in the know getting their people to benefit from it.

i have responded.

Which fund is that? do you know the specific name?

financing and grants are not the same...i prefer a grant/dash to a loan...however, a loan is better than nothing.

onobelle:
hi Denn, can I talk to u? my e-mail :... @gmail.com.


pls reply.

Sure..

Donxavier:
Denn, is there a conflict of interest with you as regards the CBN/BOI SME funding for the manufacturing sector? You seem to be quiet about info on how it works.

Lol.

Not really. I gave the summary here and also included the main working template from CBN.

I am involved in the CBN MSMEDF and that is why I made it known.

It must be reiterated that it is a lending platform that requires all the normal nuggets of commercial bank lending viz collateral, cash flow, character etc. The main difference is the interest rate (9% p.a.) and the tenor (up to 5 years.)

Existing business with growth trend and collateral can apply.

Normally, every bank with an SME desk should be able to package thr loan but I have found out that the knowledge is not spread.

Incase you are within lagos or ogun axis and you want us to discuss further, I can always be reached via a direct message.

I will leave the banking sector soon and would like to assist as many businesses as I can before I leave.

I have gotten some silent members of this forum hitting me mails on the subject and discussions are ongoing.

Thanks

bigproject:
There are more than 1000 acres of land for sale between oke odan-Ihunbo AxisAlong Idi iroko road ogun state.Basically for farming ranging from 150-3--k depending on the distance to the express.
Interested buyer can call on 08053050830,07030659362

What docs do you have on the land?

TIN reg tomorrow.

Picked up forms at the Agidingbi office last week.

Guys, please try to do it on time. They sometimes delay unnecessarily too... Turnaround time should be 24 hours though

favoryourl:
ADVICE TO AWARDEES
If u are an awwardee u can go a step further by geting ur TIN number with FIRS to enable u open ur corporate account.
just sugesting pls no ill feelings

Do we have designated banks?

Can we open with any bank of our choice?

Which title docs do have?

twaintoy:
E-fight noni... if u spit for ground, e no dey enter mouth again now. My own is end time tinzz.

How's marriage life?

Here...

Those corners are the key. A professional can go through the curves at high speeds... A glide through.

A smart amateur will slow down to around 80kmph or less depending on how green he is... An ego filled one wil crash.

The track is not for the lily-heart.

But if he says he will beat yungboss and lomomike... He might be right.

*runs away from the thread*

Solid build and design.

First Peugeot to catch my fancy since the days of 504 and 505.

Looking forward to the day when a RWD sedan will toll of the French factory floor

ba7man:
Driving on the Autobahn is too easy. Just point and shoot since the only allure is the de-restricted speed sections. Any driver can do that.

Why not book at the Nurburgring and I can guarantee you'll crash at your first 50 attempts to drive fast.

You'll learn your true place on the global high speed driving scale there.

First 50 attempts? Haba...

stagger:
Brother mi,

There was a lot of opposition to this program especially from some of the people who have held Nigerians hostage and who benefit from Nigerians not being empowered. GEJ stood his ground which is why the program stayed. When I see people criticizing him up and down I just laugh.

If he is re-elected (which I pray he is), there is every chance the program will continue, since it is his brainchild. If he loses, the program will be seen as a product of a previous administration and it will be jettisoned.

That is the cold hard fact of Nigerian politics.

You are right.

The opposition does not have a contender that is worthy of the fight. The election is less than 150 days away.

Politics aside, I think this programme has shown that some things can be done in Nigeria that are devoid of corruption. You do not need to know someone in the ministry of finance to have a chance.

Let's pray the scheme is not thrown away

bolufelix:
HI STAG. IS THERE STILL GOING TO BE ANOTHER VISIT TO ABUJA AFTER D LEGAL AGREEMENT
?

Yes. The award ceremony. Not compulsory though.

Nsonaso:
Please where in my thread did I wrote that am delighted for Boko HARAM activities?

Or is it now a crime to share news with fellow Nairalanders?
Because I don't understand you at all....

What you should've have been asking yourself is... Which way Nigeria?
Which news are we going to believe?

Yesterday we heard that BOKO HARAM is gone but today it's a different story....

But here you're insulting me..... Whatever it is, it's just a matter of opinion so no offense bro ride on

I did not insult you.

I frown at all media that tends to promote bh.

let's look at it this way, what if everyone in the world doesn't listen to bh and isis propaganda, don't you think the war would have been long concluded?

roxell120:
its a new project and we are new in d state so dont expect everything at once.we are expecting an office in d ministry of agric at awka.we are already working with d commissioner,all farmers association of nigeria( m

Is there any specific agency you are in liaison with? What is the full name of the programme?

Thanks

Hello

Please I am Interested in buying 10 to 20 acres of farmland in ogun state.

Access to main road is vital and should not be too far from lagos.

I can be reached via a mention and mail.

Thanks

Dear op.

It is better if you make this information more explicit.

Where is your office in anambra to start with?

Is there an official list showing each state coordinator that can be posted here?

Don't make it look like a cult or scam.... Make it more open.

Thanks

SLIDEwaxie: I'm sorry but u are not making sense here?
Are u saying you prefer delusions to reality?

The report the OP posted was not true. The pix was old and that man in the pix doesn't even look like shekau so, we still maintains he's dead.

But if he isn't, I think it won't be bad to cry out like the OP did, so we won't be caught in our vague celebrations!

You seem not to understand what our discourse was about.

ariduz: @Denn, you are so right, but hv been following and constantly checking up on this forum for a very long time before even registering..anyway am 1 of the provisional awardee.. my business is mainly on furniture / interior decoration and wood production.. Hope it's cool 4 now..

Very cool. Apologies if I sounded to harsh.

Do you produce the furniture or just retail?

there is this new material just being adopted in Nigeria by furniture makers as a replacement to sawn wood. I don't know the name. It's like a board and comes in many colours. The finished product is always beautiful.

Furniture also seems to be a highly segmented business. There are sofas of between N45k and N2m. Identifying niche is 100% critical. Who you are selling to matters.

You should also consider branding to differentiate your business. Lifemate, Bedmate, Master and other popular high niche brands come to mind.

However, I believe the best and guaranteed ROI on a N10m or less investment will come from focusing on the middle income and upcoming youths market.

I applaud you sir for having this brilliant idea.

Please just don't make your products too expensive... You know we customers have a lot of expenses.

Try to minimise your unit cost without sacrificing quality.

Focus more on process management. For example, an electric saw should be used instead of manual. This reduces time spent on a single unit. More units can therefore be produced.

Don't forget to create a very professional website. You can post links here once it is ready so we can recommend customers to you.

Congrats and best of luck

Nsonaso: Please how?

See the bigger picture, for everyone who shows delight In bh's seeming success, there is a drag backwards for the nation.

I frown at anything that serves as a threat to the peace of my life and bh is one.

We can all sit down here in the comfy of our homes and type what we want online. How about the people in the captured areas? How about the kidnapped girls? How about the soldiers at the war front?

Any support for bh either directly or indirectly is not for the common good

Why did you choose ife route?

I was thinking ore could have been a better choice.

More info needed as I might be driving to aso villa soon

Bigboyz32: I am wondering how those who used others to front will cope with this kind conditions.
Their terms and agreement no be here oo. Na God go see person through all these stringent conditions

A 'frontee' who got to this level will scale through.

What is there to validate again?
Id? Citizenship? Qualifications? Sex? No database in Nigeria.

It's mainly legal signing.

Abuja is just too far....

Will the awardees be invited to the final ceremony?,

October 20th to 28th involves just 6 working days. One day for each geo political zone.

I can notice a rush herein.

Notification would be sent next week for an event happening just within a week in Abuja.

Award ceremony might occur in November then.

First tranche within December.

my humble permutations still.

Nsonaso: Last week, the Nigerian Army claimed the Boko HARAM leader’s impersonator was killed. Cameroon even claimed they were the ones who killed him, a claim subsequently debunked by the Nigerian Military. Photos and even a video was even released to buttress that fact .However, in yet another video made available to AFP today, Shekau was shown making a speech debunking reports of his death. According to AFP, he said ..
“Here I am, alive. I will only die the day Allah takes my breath,” He also added that, that his group was “running our… Islamic caliphate” and administering sharia punishments.”

So what?

You are like a son who rejoices at the rape of his mother.

Move on

ariduz: Pls who's into furniture and wood production in, let's share ideas

This is your first post on NL.

You were registered just last week.

Maybe you should tell us more about you and your business.

An introduction would suffice

Donxavier: That poultry farming thing is so common, almost like the default business in south west. Almost everybody does it lol. what about the fruit juice industry?.....what do you think of that idea. It's obviously not as populated as agric.

You are so right.

Poultry is too common.... And the cost of a proper poultry is in multiples of what youwin offers.

I was at a farm last week and the cost of set up was N90m. It's a fully automated 60,000 bird capacity pen. Further investments to be done by this farmer in 2015 is around 200m. The farmer was even still saying he is just starting. Youwin is N10m max.

Fruit juice is water based.... Any business based on selling drinkable fluids will flourish exceedingly in Nigeria. We have 160 million thirsty throats and there is always a party every weekend.

The main problem would be threats from new entrants and their gross consistency of spoiling market. Look at pure water and yoghurt businesses in Nigeria. The innovators enjoyed at first but almost every family owns a pure water business now. If your feasibility shows niche control, then it's cool. Your differentiating factors might be set up costs, knowledge, packaging, branding, regulatory approvals and most importantly, your selling skills.

Remember you have existing mega players in the industry... Chivita, funman, 5alive etc.... These guys are not your friend and won't mind stifling you out.

In summary, it's a very wonderful business idea and I believe you can create a strong market once the basics of branding, pricing, market penetration, costing, process, logistics and positioning are carefully analysed.

I wish you best of luck and once you launch, let us know the brand name and how to buy from you.

CoolKizzy: [b][/b]

God abeg o, let Jona win ooo 2015 oo

Even if Jonathan doesn't win, it will be foolhardy of any government to suspend this programme... It has been the best thing for youths since NYSC.

Even other countries are trying to adopt this model.

America with all its power and intelligence doesn't have such a programme... Except social pay handouts and visa lottery.

This youwin will outlive Jonathan sef except corruption digs in...

CoolKizzy: October 20-28th, Abuja. Validation and agreement signing.

How did you get this?

++++modified. Seen. Email came in a bit late... The rains maybe