SW Nigeria


ELIZADE COMMENCES PRODUCTION OF JAC



Foremost automobile marketing company in Nigeria, Elizade Motors Nigeria Limited, has finally ventured into automobile manufacturing in Nigeria with the production of Chinese brand, JAC. Elizade is the authorised distributor of JAC Motors in Nigeria and is targeting to produce 15,000 vehicles annually, including, passenger cars, SUVs and light trucks.


https://brandspurng.com/elizade-commences-production-of-jac/

SW Region - Ogun State

Limestone Mining, Ogun state



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SW Region - Ogun State


Agbara Industrial.


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SW Region - Ogun State

The Continuous Growth of the Agbara Industrial City

The Agbara industrial estate is on a 650 hectares expanse of land in Agbara area of Ogun state adjacent to an existing industrial estate.
It is strategically located to be less than ten minutes from the lagos-Ibadan Highway.
he Agbara Industrial Estate would be developed to accommodate industrial and residential uses with the industrial zone occupying 450 hectares while the residential zone occupies 150 hectares.
In addition to this, the Industrial estate has a commercial area that accommodates a shopping mall, hotel, eateries and ancillary services. There is a Logistics section that comprises offices, trailer park(s) and other support facilities.
It also boasts of lots of green areas and strategic landscaping.

The site is planned for medium and heavy manufacturing industries.

The estate has two major areas: the industrial zone occupying 450 hectares and the residential zone which occupies 150 hectares.
The Industrial area is divided into plot sizes of an average of 1.5 hectares each.
In addition to this, AIE also has a commercial area that accommodates a shopping mall, hotel, eateries and ancillary services.
And a Logistics section that comprises offices, trailer park(s) and other support facilities.
Lots of green areas and strategic landscaping



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SW Region - Ogun State

100 companies invest N2tn in Ogun State

The Ogun State Government has said that more than 100 companies have set up businesses in the state, adding that each of them has investment in excess of N200bn.

The Ogun State Governor, Senator Ibikunle Amosun, disclosed this on Wednesday during the inauguration of the Ota plant of Nigerian Breweries Plc.

He said, “Over the years, Ogun State has become a preferred destination for investors. As of the last count, over 100 companies started their operations in our state with each of them investing about N200bn in the nation’s economy.”

Amosun explained that the firms were attracted to the state because of the ambience created by his administration in the last six years for businesses to thrive.

He said, “We have not only created offshore enquiries on availability of land and processes, we have also sped up the time of processing papers on land matters. We are also investing heavily in infrastructure all in a bid to engender conducive climate for investors in our state.

“In the same vein, we are also working assiduously to continue to empower the various security outfits in our state despite the fact that they are on the exclusive list in our constitution.

“Let me assure you that we will continue to maintain vigilance and optimise our intelligence gathering to ensure that all our companies here are secure and safe.”

He disclosed that his administration was working with the Federal Government to ensure the Sango/Ota industrial area was fully integrated into the infrastructural development agenda, adding, “It is hoped that our synergy with the government will yield maximum benefit to all the people of Sango and its environs,” he said.


http://punchng.com/100-companies-invest-n2tn-in-ogun-state/

SW Region - Osun State

Rensource raises $3.5m to take affordable renewable energy to more Nigerians





Ademola “Demmy” Adesina is the founder and CEO of Rensource, a West African-focused distributed energy services company.

Rensource, a Lagos-based renewable energy startup, has raised $3.5 million in bridge financing to expand its business. This is coming nearly 2 years after a previous seed round of $1.1m in 2016.

This new round is led by Mauritius-based Amaya Capital Partners, with participation from Omidyar Network and Pule Taukobong‘s CRE Venture Capital, which previously led Andela’s $40m Series C round. Interestingly, CRE Venture Capital participated in the original seed round for Rensource.

Founded in 2015 by Ademola Adesina and Jussi Savukoski, Rensource is hinged on a core belief that distributed power generation will be a critical element in solving the power problem in Nigeria.

Damilola Ogunbiyi, CEO of the Rural Electrification Agency agrees. According to her, “Nigerians spend about $14 billion annually on inefficient power generation. Off-grid alternatives like creating mini grid and solar home systems can easily be at $9.2 billion a year, which will save the Nigerian public and citizens $4.2 billion.”

In March 2017, Rensource introduced a tiered subscription-based business model that enabled customers pay to use energy, rather than own the infrastructure. The idea was to provide affordable renewable energy on a ‘Power-as-a-Service’ (PaaS) basis.



Read more at: https://techpoint.ng/2018/01/30/rensource-raises-3-5m/

Itanna: Poised To Ignite An Economic Revolution In Africa – The Search For Africa’s Top Fintech Talent Continues


The Itanna Team

It has been an exciting 2 months at Itanna and this week, we are conducting the second round of interviews for startups to join Lagos’ newest tech accelerator; Itanna. We launched the programme towards the end of last year, searching for fintech startups to join our inaugural cohort. We wanted to attract entrepreneurs or tech founders who were ready to take their MVP to the next stage of its journey. Itanna, which literally means “to ignite” in Yoruba, is a partnership between the Honeywell Group and the African Economic Revolution Fund (AERF) – two entities who wanted to collaborate on a long-term project that connects innovation, entrepreneurship and social impact.

By coming together to create Itanna, AERFand Honeywell Group brings a wealth of experience and knowledge. As a team, we have collectively raised close to $100bn in capital for African firms and institutions and built thriving businesses through our 50-year track record.

Yorubas keep doing big things.


I wish Itanna would also encourage other SWner states.

SW Region


Top 5 Nigerian startup developments in 2017

http://disrupt-africa.com/2017/12/top-5-nigerian-startup-developments-in-2017/



Yoruba-owned companies



Andela’s landmark funding round

How could we start with anything else? Coding school Andela announced in October it had secured US$40 million in Series C funding from a host of investors, taking its total venture funding to over US$80 million.

The round was led by pan-African firm CRE Venture Capital (catch up with co-founder Pule Taukobong here), and will be used to fuel Andela’s pan-African expansion.

A quick mention too for former Andela co-founder Iyinoluwa Aboyeji, whose new venture – payments startup Flutterwave – secured funding of its own in August, a US$10 million Series A round.



CcHub expands its scope

Nigerian incubator Co-Creation Hub (CcHub) had an even busier year than most, exhibited mainly by its European PitchDrive, held in partnership with Google. CcHub took 14 startups from across Africa to various European hubs to pitch to potential investors and partners.

There were also two programmes launched in partnership with Union Bank, and a diaspora challenge, while the hub also signed a multinational partnership to boost STEM learning across Africa.

You can read about how Bosun Tijani turned CcHub into such a beacon of the tech scene here.




Lagos Africa’s most valuable startup ecosystem

Lagos has the most valuable startup ecosystem in Africa, with the local entrepreneurship scene worth US$2 billion, according to March report.

The Global Startup Ecosystem Report and Ranking 2017, produced by Startup Genome in collaboration with the Global Entrepreneurship Network (GEN), was based on conversations with entrepreneurs and data on startups.

No African country made the top 20, but Lagos, Cape Town and Johannesburg warranted mention in the report. At US$2 billion, the Lagos startup ecosystem is the most valuable in Africa continent, but only second after Cape Town in terms of the number of startups.

Southwest Region


Data is the new oil



MainOne Leads West Africa Data Center developments as CEO is nominated as top EMEA influencer at DataCloud Europe


West Africa’s premier Connectivity and Data Center Solutions Company, MainOne has reinforced its commitment to building out West Africa’s Data Center capacity at the Data Center Africa Summit taking place at the DataCloud Europe 2017 conference in Monaco this week. During the event, the company’s Chief Executive Officer, Ms. Funke Opeke was nominated as one of 50 top influencers transforming the data center and cloud landscape in Europe, the Middle East and Africa (EMEA).

The DataCloud Europe conference which has attracted over 1800 Data Center and Cloud executives from more than 60 countries as well as over 90 exhibiting companies, is the foremost networking event for data center players in EMEA.

Read more at:

https://www.techtrendsng.com/mainone-leads-west-africa-data-center-developments-as-ceo-is-nominated-as-top-emea-influencer-at-datacloud-europe/

MainOne and Tizeti Partner with Facebook to Improve Internet Connectivity in Lagos Nigeria

MaineOne is a Yoruba-owned company

MainOne (www.MainOne.net) and Tizeti (www.Tizeti.com) today announced the completion of a joint development project with Facebook (www.Facebook.com) to enable the expansion of internet services in Lagos. This partnership will leverage MainOne’s fiber connectivity, Tizeti’s twenty brand-new solar-powered towers, and Facebook’s Express Wi-Fi. As a result of this project, internet services will be more accessible across Lagos Mainland including Ajao Estate, Surulere, Ikeja, Omole, Magodo, Gbagada, Oworonshoki, Bariga, Anthony Village, Ogudu, Ojota, Ketu and Alapere.

Read more at:
https://www.techtrendsng.com/mainone-and-tizeti-partner-with-facebook-to-improve-internet-connectivity-in-lagos-nigeria/

From the SW Region



Lagos State Government partners MainOne on free Wi-Fi

In her comments, MainOne’s Chief Executive Officer, Ms. Funke Opeke, represented by the Sales Manager, Public Sector, Funmike Olayera, lauded Lagos State’s commitment to evolving into a Smart City and stressed that ICT must remain at the center of the transformation of Lagos State. According to her, ICT would improve quality of life for indigenes with access to public and educational institutions, transportation systems, hospitals, and other community services across the State.

https://www.techtrendsng.com/lagos-state-government-partners-mainone-on-free-wi-fi/

Mynd44, bless this thread.



Tell me why you think the West is not the Best.





2016 Internally Generated Revenue by Geopolitical Region
.
1) South-West: N404 Billion
2) South-South: N198 Billion
3) North-West: N69 Billion
4) North-Central: N54 Billion
5) South-East: N49 Billion
6) North-East: N29 Billion
.
Breakdown:
.
South-West
Lagos: 302,425,091,964
Ogun: 72,983,120,003
Oyo: 18,879,084,132
Osun: 8,884,756,040
Ondo: 8,684,406,573
Ekiti: 2,991,041,855

Total: 414,847,500,567
.
South-South
Rivers: 85,287,038,971
Delta: 44,057,915,472
Edo: 23,041,425,599
Akwaibom: 23,269,750,752
C/river: 14,776,808,331
Bayelsa: 7,905,458,280

Total: 198,338,397,405
.
North-Central
Kwara: 17,253,829,559
Kogi: 9,569,124,487
Benue: 9,556,495,064
Plateau: 9,191,372,277
Nassarawa: 3,402,616,062
Niger: 5,881,584,409
.
Total: 54,855,021,858
.
North-West:
Kano: 30,959,027,531
Kaduna: 17,051,864,537
Zamfara: 4,777,169,537
Sokoto: 4,545,765,527
Katsina: 5,545,900,833
Jigawa: 3,535,349,908
Kebbi: 3,132,343,261
.
Total: 69,547,421,134
.
South-East:
Enugu: 14,235,512,227
Abia: 12,694,839,539
Imo: 5,871,026,976
Ebonyi: 2,342,092,225
Anambra: 14,791,175,253
.
Total: 49,934,646,220
.
North-East
Bauchi: 8,677,265,878
Adamawa: 5,788,979,592
Gombe: 2,941,438,110
Yobe: 3,240,867,567
Borno: 2,675,723,063
Taraba: 5,895,538,974
.
Total: 29,219,813,184
.


KNOW THYSELF

Let us know your region. Mention both Private and Public Development commissioned in 2017 ONLY.

This is an opportunity to step away from tribalism and federal government deficits. Let's look closer to home - what is happening in your region? What are your governors doing? What are your people doing? What happened in 2017?

I'll post why I think Yorubas are making it despite the deficit in Nigerian governance.


Who cares about Nigeria.

I'll post why I think Yorubas are making it despite the deficit in Nigerian governance.

benben1000:


Typical Afonja who thinks Igbos are his mate. If you are man enough, agree to separation as Igbos are pushing for, Walahi talahi, you will know who Igbos. You think Igbos are your mate? This is the kind of useless insult Igbos have received in this courtesy of Lord Luggard. You hide under One Nigeria with gross, inhumane marginalization of Igbos to drag feet with them. God didn't create every race equal. Israeli are smarter than all Arabs around them. Germans are gifted than all Europeans. So Igbos are no different as mentioned by Professor Sowell.

These clowns think Yorubas are their mate. Stay in your region and try to progress before making mouth.

https://www.nairaland.com/3918290/yorubas-most-industriousrichest-educated-tribe

These clowns and their myopic view

The irony of this thread.

Just look at the hateful comments they write about Yorubas on the homepage. It's hard to take these clowns seriously.

Hate begets hate.

Guddies Planet — get affordable shopping deals as a student in Nigeria


Being a student is as interesting as it is challenging. While the academic environment brings about excitement and fun-filled experience, there is something most students dread — expensive commodities that sap pocket allowances. This challenge became glaring to 5 Nigerian students; Rosanje Adeniyi Michael (Founder), Adeleke Samuel (Project Manager), Sonuga Gabriel (Technical Director), Ijaseun David (Campus Reps Leader) and Oyekanmi Taiwo (Marketing Manager).

On July 2, 2016, they formed an alliance and founded Guddies Planet, an eCommerce platform that specifically gives Nigerian student fair shopping opportunities and eradicates the phobia for inflated pricing.




Guddies Planet debuted as a spin-off its parent company, Sourcerite Nigeria, an agro-based business, and investment company. According to the founding team, catering basically for students’ need has given them a great edge over other related eCommerce platforms which have a wider focus.

“Discovering students basic needs was easy for us to achieve because being students ourselves, we understand these needs of students better since we feel the pain too. Also, clients choose us in our operating institutions ahead of the big names in the field”.

Currently, Guddies Planet operates at Obafemi Awolowo University, Bowen Univerity, Olabisi Onabanjo and 5 other institutions. “Our goal is to extend to all tertiary institutions in Nigeria, ” the team says.

https://techpoint.ng/2018/01/30/guddies-planet-profile/

Rensource raises $3.5m to take affordable renewable energy to more Nigerians







Ademola “Demmy” Adesina is the founder and CEO of Rensource, a West African-focused distributed energy services company.



Rensource, a Lagos-based renewable energy startup, has raised $3.5 million in bridge financing to expand its business. This is coming nearly 2 years after a previous seed round of $1.1m in 2016.

This new round is led by Mauritius-based Amaya Capital Partners, with participation from Omidyar Network and Pule Taukobong‘s CRE Venture Capital, which previously led Andela’s $40m Series C round. Interestingly, CRE Venture Capital participated in the original seed round for Rensource.

Founded in 2015 by Ademola Adesina and Jussi Savukoski, Rensource is hinged on a core belief that distributed power generation will be a critical element in solving the power problem in Nigeria.

Damilola Ogunbiyi, CEO of the Rural Electrification Agency agrees. According to her, “Nigerians spend about $14 billion annually on inefficient power generation. Off-grid alternatives like creating mini grid and solar home systems can easily be at $9.2 billion a year, which will save the Nigerian public and citizens $4.2 billion.”

In March 2017, Rensource introduced a tiered subscription-based business model that enabled customers pay to use energy, rather than own the infrastructure. The idea was to provide affordable renewable energy on a ‘Power-as-a-Service’ (PaaS) basis.




The new capital injection will primarily go into expanding operations to Kano and Abuja. There are also plans to capture the B2B market with a ‘Powered by Rensource’ offering that will enable Nigerian businesses to leverage its infrastructure.

“This investment further affirms the growing consensus that renewables-based distributed energy generation — taking power to the people — is the future of Nigeria’s power industry,” says Anu Adasolum, General Manager of Rensource. “Rensource is uniquely placed to lead this charge. We’re excited to welcome Amaya Capital and the Omidyar Network on this journey and are proud to be enabling Nigerians’ power independence”.

Going by the nature of the investment (bridge financing), it probably is not far-fetched to expect a huge Series A funding round in the coming months, should Rensource deliver quickly on its short-term goals.

https://techpoint.ng/2018/01/30/rensource-raises-3-5m/

Sagay212:
Lol...Go to their page and see how ridiculous iPods can be. The post unbelievably stupid things on their page

Itanna: Poised To Ignite An Economic Revolution In Africa – The Search For Africa’s Top Fintech Talent Continues


The Itanna Team

It has been an exciting 2 months at Itanna and this week, we are conducting the second round of interviews for startups to join Lagos’ newest tech accelerator; Itanna. We launched the programme towards the end of last year, searching for fintech startups to join our inaugural cohort. We wanted to attract entrepreneurs or tech founders who were ready to take their MVP to the next stage of its journey. Itanna, which literally means “to ignite” in Yoruba, is a partnership between the Honeywell Group and the African Economic Revolution Fund (AERF) – two entities who wanted to collaborate on a long-term project that connects innovation, entrepreneurship and social impact.

By coming together to create Itanna, AERFand Honeywell Group brings a wealth of experience and knowledge. As a team, we have collectively raised close to $100bn in capital for African firms and institutions and built thriving businesses through our 50-year track record.

Yorubas keep doing big things.


I wish Itanna would also encourage other SWner states.

Mall For Africa Wins Prestigious Drapers Award In London



Historically African markets specifically and emerging markets in general are excluded from international fashion retail due to various concern from inability accepting local payments to ensuring local fulfilment thus making international retail hard to access in these local markets. However, through the convergence of payment solutions, marketing, and technology, Mall for Africa has successfully solved these problems and is introducing African markets to simple ways of purchasing items directly from international stores and delivering the items to local buyers.

Speaking with news men, the company’s co-founder Tope Folayan had this to say; “We are extremely proud of this recognition. We have worked very hard these past few years to provide African’s with access to international stores and brands. We provide end-to-end services so customers can shop regardless of their location and have items they purchased delivered to them locally all from our App. This is why we say with our App you can “shop global and pick up local.”

Launched in Nigeria and now delivering to over 7 countries, Mall For Africa has continued to show growth and traction in the international e-commerce space. After years of experience in the technology industry, co-founders Chris and Tope Folayan observed the changing commercial landscape and set out to design a full-service application that caters to the buying needs of the African shopper. Mall for Africa manages the payments, logistics, and local customer support needs of buyers through its platform and has over 150 international stores and brands customers can pick from.

http://techcabal.com/2017/12/13/mall-for-africa-wins-drapers-award-in-london/

@Mynd44 seems that the spambot got JeetKunedo. Can you unban the ID? Thanks

JeetKuneDo:


You can only budget based on how much you think you can make. As the state's revenue increases, then the budget will also increase.

Also, the state will continue to get more industries as long as Lagos remains Lagos. As long as tax remains lesser than it is in Lagos. They are making more than they are losing so they won't leave anytime soon regardless of how bad infrastructure is

Makes sense sha, to some extent. Infrastructures, esp industry and social-centric, will always yield money and economical growth.

JeetKuneDo:


The list is old. It was written in 2016.

Yoruba women are the most represented in tech. I mean, you can tell who is more productive when you see the people going back and forth with men to do afonja and Igbo.

Not like I was expecting anything else from wo(men) with beards and yam legs anyway

JeetKuneDo:


But the poster wasn't talking about infrastructure, he was talking about industrialization. Ogun is the most industrialized state in Nigeria.

Those places you mentioned despite being industrialized are fuc.ked up in terms of infrastructure tho.

We need Ogun state to increase its budget for infrastructure so that more industries will come and those already here will stay.

How can we keep what we have?

JeetKuneDo:


Well. That list is old. A lot of things have changed. You could argue that the men owned the bigger startups but there were many startups out there at that time owned by females

The idea that Nigerian ladies aren't venturing into technology is false. The writer didn't do his research well. Fashpa, DIYLaw, Dressmeoutlet, Flying doctors, Lifebank, are all owned by females. Yorùbá too. Infact, Lifebank just raised $200,000 2 days ago. Ire, Moyin, Bukola, Omolara are some of the most brilliant Devs in the country and Africa possibly. One of the co-founders at Piggybank is female. Odun Eweniyi. The list is long.

If you go to Andela, you'd find plenty females there. And there are some Devs like Moyin that have programs catered for females interested in programming

The guy probably didn't do his research. And it was written recently too.

Glad to see Yoruba women representing where it matters.

SIMILARITIES OF THE TOP STARTUP FOUNDERS IN NIGERIA LISTED ABOVE

Did you notice that they are all males? It seems like Nigerian ladies are not venturing into technology at all, that needs to change.
They are all young people.
All of them have Bachelor Degrees.
Six out of eleven of them have Master’s degrees (MBA inclusive).
Four of them have MBA’s.
All of them have worked at firms at one point in time.
Most of them are Co-Founders which means they teamed up with other likeminded people to achieve their goal.
Majority of them have been educated (Bachelor’s degree, Master’s degree, Certificate Courses) in developed countries – USA, UK, Germany.
Many of them – Jason, Tunde, Ayodeji and Gbolahan did not read technology related courses.
All of them are Southerners – Does it mean Northerners are not technologically inclined?


@jeetkundo Check the bolded

Yoruba-centric Tech News

Top 5 Nigerian startup developments in 2017

http://disrupt-africa.com/2017/12/top-5-nigerian-startup-developments-in-2017/



Yoruba-owned companies



Andela’s landmark funding round

How could we start with anything else? Coding school Andela announced in October it had secured US$40 million in Series C funding from a host of investors, taking its total venture funding to over US$80 million.

The round was led by pan-African firm CRE Venture Capital (catch up with co-founder Pule Taukobong here), and will be used to fuel Andela’s pan-African expansion.

A quick mention too for former Andela co-founder Iyinoluwa Aboyeji, whose new venture – payments startup Flutterwave – secured funding of its own in August, a US$10 million Series A round.



CcHub expands its scope

Nigerian incubator Co-Creation Hub (CcHub) had an even busier year than most, exhibited mainly by its European PitchDrive, held in partnership with Google. CcHub took 14 startups from across Africa to various European hubs to pitch to potential investors and partners.

There were also two programmes launched in partnership with Union Bank, and a diaspora challenge, while the hub also signed a multinational partnership to boost STEM learning across Africa.

You can read about how Bosun Tijani turned CcHub into such a beacon of the tech scene here.




Lagos Africa’s most valuable startup ecosystem

Lagos has the most valuable startup ecosystem in Africa, with the local entrepreneurship scene worth US$2 billion, according to March report.

The Global Startup Ecosystem Report and Ranking 2017, produced by Startup Genome in collaboration with the Global Entrepreneurship Network (GEN), was based on conversations with entrepreneurs and data on startups.

No African country made the top 20, but Lagos, Cape Town and Johannesburg warranted mention in the report. At US$2 billion, the Lagos startup ecosystem is the most valuable in Africa continent, but only second after Cape Town in terms of the number of startups.