₦airaland Forum

oluGodson:
What is the factory producing ? Have you considered private investors?

The factory is producing packaged fruit juice and NAFDAC registered. It is too early to be seeking private investors. It's a distraction for now.

ashantitope:
Presently I think Sterling bank is doing it but they will need your statement of account to know at least how much have been operating on your account so if you have been doing good they will determine how much they can give u

It's a new business that is just about to commence production. But all machinery are installed in the factory and just NAFDAC approved last week. But no money for raw materials to start. I was thinking if a bank can use the project as their collateral to give the 500k loan. Since the value of equipment in the factory is more than 6 million

Please, does anyone know a bank that can give a new startup factory a working capital loan of 500,000 Naira? The factory is just NAFDAC approved and need the loan to buy raw materials and start production.

Please mod, help me to push it to front page abeg.

Do the middle class and upper class Nigerians buy most of their groceries from supermarkets or corner shops? My sister own a juice factory and she plans to be supplying her products ( fruit juice) to corner shops in middle class/upper class neighbourhood in Lagos. But I advise her to supply her products to supermarkets only because that is where most of her target customers buy from. But she disagrees with me. She still believe 90℅ of middle class/upper class Nigerians buy their groceries from corner shops than supermarkets in Lagos. Is she right?

Marcofranz:
yes I have, got it at shoppers . It doesn't taste nice at all.

It's because it's a lemonade. Lemon taste sour.

Marcofranz:
It's a rubbish drink .

Have you tasted the drink? Does it taste nice or bad? I am curious to know why you think it's a rubbish drink.

Erisco owner is a liar. They are still operating in Nigeria. The man just like complaining.

Fedrams:
I lost my banking job 3 years ago, i have hnd in accounting and MBA. I have tried to get another job to no avail. I have 3 kids and my wife is a graduate teaching in a private school wt salary of 18k. My kid did not complete last term cos I cld not pay their school fees. Another term is coming and there is no hope. Pls I need a job urgently am frustrated and depressed.

How do a family of 5 survive on 18,000 Naira monthly? @OP, didn't you save when you were working in the bank? Use your savings to start a small business.

abikun:
It is 2 years

What is the shelf life for packaged fruit juice by NAFDAC? Is it 6 months or 9 months?

abikun:
2 years

That's too short. Is it not 5 years again?

abikun:
The new tariffs take effect from June 1st, 2019.

How many years is registration licence for fruit juice product by NAFDAC before renewal?

Cuteify:
I said I can do any type of job except teaching reason is that I have 2 sisters and two elder brothers none of them studied education yet they are all teaching,one studied accounting, another mech engineer, another Mass comm, another marketing, yet they can't get any Job apart from teaching, all their salaries put together can't even pay the house rent. Now it's still the teaching job that is staring at me,my dear I won't do it. It's not just about looking for White collar jobs.

Is it that there is no companies or factories in your area that any of your siblings can apply to? Your siblings could lack ambitions and settle for less. Which state do you live?