Politics / Re: Yorubas Are The Most Industrious,Richest & Educated Tribe in Nigeria & Africa by Staffingzone: 4:29am On Sep 23, 2018 |
GoldNiagara: 7 funds available for Nigerian entrepreneurs in 2017 by ODINAKA ANUDU & JOSEPHINE OKOJIE January 28, 2017 1:25 am Even though experts generally agree that finance is not the biggest problem facing Nigerian entrepreneurs, many of them still believe that it still ranks among the first five. Understanding the critical importance of funding to Nigerian business owners and entrepreneurs, Start-Up Digest, in its characteristic manner, has dug up some of the easy-to-get funds available in the country this year. Criteria The general criterion for accessing these funds is the capacity to present a bankable and viable business plan. The entrepreneur should be clear on where he wants to be in the near future, and must also be able to describe the market for his or her products. BoI Funds If there is anywhere entrepreneurs can get cheap or single-digit funds (often at nine percent lending rate), it’s from the Bank of Industry (BoI). This development finance institution (DFI) has been rated by many local and international agencies as one of the best managed banks in the world. The BoI has a number of funds that entrepreneurs of all levels can access. First is the Graduate Entrepreneurship Fund (GEF), which is meant for serving members of the National Youth Service Corps (NYSC). Candidates are allowed to submit their business ideas, which are then reviewed by a team of experts. The NYSC members whose ideas are marketable and bankable are then selected, trained for four weeks and then given between N500,000 and N2 million. There are also the Cottage Agro Processing (CAP) Fund for small and medium agro processors; Nolly Fund for players in the Nollywood industry, as well as Fashion Fund for designers and other players in the value chain. In fact, the bank has other matching and managed funds, including a fund for the automotive industry. Through 122 business development experts, entrepreneurs can access funds easily. It is also easy to access some of the bank’s products through its website. The bank has a N5 billion fund from Africa’s richest man Aliko Dangote to finance SMEs at a single digit rate. “We want to continue to create opportunities for Nigerian entrepreneurs and support the industrialisation efforts of the government,” said Waheed Olagunju, acting CEO and MD of BoI, at a forum in Lagos in 2016. Tony Elumelu Fund Tony Elumelu Foundation has $100 million for 10,000 African entrepreneurs. This will continue to be available for another seven to eight years. If you are in agriculture, fashion and design, light manufacturing, ICT, and solid minerals, among others, then apply for the on-going Tony Elumemu fund. You can be lucky to be one of 1,000 entrepreneurs to be shortlisted. Through the Elumelu fund, Momarr Mass Taal, the CEO of Tropingo Foods in The Gambia, who got $5,000 seed capital in 2015, turned his enterprise into a $1.2 million revenue business. GroFin Fund GroFin, a development financier, has committed over $500 million to funding Nigerian micro, small and medium business (MSMEs) across the country. The firm has five different types of fund: the Aspire Nigeria Fund, the Growth Africa Fund, the Small Growing Business Fund, the Aspire Small Business Fund and the Aspire Growth Fund. The Aspire Nigeria Fund, the Growth Africa Fund and the Small Growing Business Fund cater for all parts of Nigeria except the Niger Delta. The Aspire Small Business Fund provides a minimum of $100,000 and a maximum of $1.5 million to SMEs in Nigeria. The Aspire Small Business Fund and the Aspire Growth Fund cater for the Niger Delta. The Aspire Small Business Fund provides between $10,000 and $100,000 to small business owners in the oil-rich region, while the Aspire Growth Fund frees between $100,000 and $3 million to businesses to stimulate growth in the area. GroFin provides its funds mostly for a maximum of six years. Shell LiveWire The Shell Petroleum Development Company of Nigeria Limited has a number of funds for young entrepreneurs, including women. Through the programme , Shell provides support, access to training, guidance, and business mentorship to young entrepreneurs and potential entrepreneurs between the ages of 18 and 35. The programme operates mainly in the Niger Delta region and aims to inspire, encourage and support young people to start up their own businesses through the provision of finance and training for young entrepreneurs, according to Shell. Lagos State Employment Trust Fund Lagos State has N25 billion to support SMEs. The fund is divided into two categories; micro and small businesses. Under the micro, businesses can access up to N500, 000 loans with an interest rate of five percent and a tenor of one year. For the small business category, businesses can get up to N5 million for a tenor of three years. The criteria for accessing the funds include: membership of a business organisation, which will recommend the business for the loan; Lagos State tax receipt for at least six months, and Lagos state residency card. This takes three weeks for processing. “There are various funding available to owners of small businesses. In our business organisation we have access to the government Social Intervention Fund, Lagos State Employment Trust Fund and the Bank of Industry micro lending fund,” Femi Egbesola, national president, Association of Small Business Owners (ASBON), told Start-Up Digest. Social Intervention Fund of FG A total of N6 billion was allocated under the Social Intervention Fund of the 2017 budget. The criteria for accessing the fund include membership of a business organisation. The fund is for artisans and owners of micro businesses. The artisans of business owners can only access a maximum of N100, 000 at three percent interest rate on a year tenor. Oxfam Oxfam has a number of funds for Nigerian entrepreneurs.Oxfam, an international confederation of charitable organisations focused on the alleviation of global poverty, recently disbursed €100 million to high-impact SMEs in Nigeria through Nextzon. Share This Sorry, the browser you are using is not currently supported. Disqus actively supports the following browsers: Firefox Chrome Internet Explorer 11+ Safari Trending Stories The Attitude Deficit in Nigeria’s Fresh Graduates The problem with Mobile Banking is “Banking” Everything Google Announced at the Google for Nigeria event. Union Bank launches centenary celebration song at fun TGIF parties across Nigeria It’s called a Budget Bill… BusinessDay launches #TheBridge, in Lagos. Movie Review: Isoken MainOne submarine cable outage, will update on progress of repair work Pirates Of The Caribbean “Dead Men Tell No Tales’ Lecturer Problem Series: Episode 2. 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Agriculture / Re: 10 Acres Of Fertile Farmland ( With Stream For Sale) N60,000/acre SOLD by Staffingzone: 7:05am On Feb 03, 2018 |
cheapland: Thanks for using us
50 acres of land lease Location: igunrin village iseyin ibadan express Way iseyin LG, oyo state Documents: deed of assignment family receipt Fact: all the land tree was uprooted Price: 4K per acre yearly
13 acres of land suitable for commercial purposes available for sale. The land is a perfect fit for infrastructural development and JV like schools, hospitals, hotels, schools etc.
Location: Iseyin-Oyo road, km 2, iseyin. Faces the road directly and along the just commissioned SAF polythenic, Iseyin Documents: C of O Survey plan Deeds of assignment
Price: 750k per acre
12 acres of land that suitable for plantain Location: Aige village off Iseyin ibadna express Way, 30 minutes drive from the express way, Iseyin LG oyo state Documents: deed of assignment family receipt Price: 50k per acre
25 acres of farmland Location: kilometer 11 off Aaba village iseyin Ibadan express way Fact: all the land tree has uprooted is just 10 minutes drive from the express Price: 70k per acre
500 acres of farmland Document: deed of assignment Location: behind ikere gorge Dam iseyin, Is one 1hour journey from Aseyin of iseyin Palace iseyin, iseyin LG Oyo state, Nigeria Fact: there’s big Dam that access to this Land the water is flowing both dry season And rain season Price: 50k per acre
6000 acres of farmland(lease Location: Tede town off shaki express way Atisbo LG Oyo state Nigeria Document: Both survey plan and C of O are Available Price: 1500 per acre
600 acres of farmland Location: along iseyin ikere gurge Dam Iseyin LG, Oyo state Price: 45k per acre
700 acres of land Location: near Awaye road along iseyin Abeokuta express way, about 5km to the Express way Price: 45k per acare
100 acres of farmland Location: along iseyin okeho express way less Than 1km to the express way Fact: All trees have been uprooted and close to The express way Price: 60k per acre
48 acres of farm land Location: Apenpe village iseyin Ibadan Express way, just 4km to the express way Iseyin LG, Oyo state Document: deed of assignment Price: 50k per acre
10 acres of land Location: Aaba village along Iseyin Ibadan Express way, iseyin LG, Oyo state Fact: it's face the express directly the land Is already cleared Price: 150k per acre
100 acres of land Location: Aba Aladua village along iseyin Ibadan express way is just 1minutes drive from Express way Document: deed of assignment Price: 70k per acre
50 acres of land Document: deed of assignment Location: idiya village iseyin Oyo express way, Less than 1km from the express way, iseyin LG, Oyo state Price: 70k per acre
100 acres of land Document: deed of assignment Location: olomi village iseyin Ibadan express Way, 5km from the main express way Iseyin LG, Oyo state Price: 55k per acre
7.300 acres of land Document: valid tittle red copy survey & Certificate of occupancy Location: aginigi village Ago aare town Atisbo LG, Oyo state....price: 80k per acr
12,000 acres for lease Location: okaka town iseyin shaki express way Itesiwaju LG, Oyo state, 40 minutes drive From express way Document: deed of assignment Price: 1500 per acre yearly
10,000 acres of land Location: komu town off iseyin shaki express way, Itesiwaju LG, Oyo state Document: deed of assignment Price: 30k per acre
64 acres of farmland Location: Osegbe village iseyin Ibadan express Way, 5km to the express, iseyin LG, Oyo state Document: deed of assignment Price: 50k per acre
Factory land and farming 20 acres of land Location: odogun village along iseyin Abeokuta Express way Fact: it’s suitable for factory and farming too It faces the express directly with stable light Documents: deed of assignment and family receipt Price: 150k per acre
For more information Call/ whatsapp 08052601171 07015907924
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Business / Re: Limited Liability Company Incorporation by Staffingzone: 3:42pm On Aug 09, 2017 |
I will recommend him to any person abroad that wishes to register a business in Nigeria. Kept his word. |
Business / Re: Limited Liability Company Incorporation by Staffingzone: 3:40pm On Aug 09, 2017 |
This guy is best in business registration. Register in 5 days. |
Properties / Re: Best Architectural, Interior And Construction Works by Staffingzone: 10:44pm On May 27, 2015 |
I am very sorry, I really don't know how Nairaland web site work. How I can pull down my comment? I don't mean you ANY harm I value your work greatly and wish you the best. We will do business in the future |
Properties / Re: Best Architectural, Interior And Construction Works by Staffingzone: 10:42pm On May 27, 2015 |
skimanski:
LOL. @staffingzone, I deal with money aspect of my conversations in my email and not on my Nairaland page. Not good for my business, so wrong to have brought it out of my email and into my social page. Anyway its all good.
Now back to the topic. You have not requested for a Duplex. You have requested for a 6 Stories. of such a Complex design. Its like designing a Hotel resort. Do you know how much those things cost? Moreover, one question that concerns me is this, maybe you can answer me and clear the air. How come people (e.g you) are ready to plan like around 200m to Build a Good Building like that? Pay government huge money to approve? Pay Good money to buy the land? and yet when it comes to the most important person in the whole process of that building (The Designer and Brain Behind it) the least money has to be paid. I am even sure you people would rather get it from the architect for free if possible. and common, you live abroad. you should know the concept of paying people whats due to them.
Anyway. Thanks for liking my work. Hope to work for you someday I am very sorry, I really don't know how Nairaland web site work. How I can pull down my comment? I don't mean you ANY harm I value your work greatly and wish you the best. We will do business in the future. 1 Like |
Properties / Re: Best Architectural, Interior And Construction Works by Staffingzone: 12:45am On Apr 08, 2015 |
Oh boy, I just got home and converted 2.5 million Naira into dollars that's $12'000 for an apartment design. I am in the wrong business. You expensive for me. Thanks for reply. |
Properties / Re: Best Architectural, Interior And Construction Works by Staffingzone: 2:55am On Apr 07, 2015 |
I just emailed you. Thanks pal |
Properties / Re: Best Architectural, Interior And Construction Works by Staffingzone: 8:37pm On Apr 06, 2015 |
I am very much interested in buying this design. Can you send me the layout please or how do we connect? |
Properties / Re: Best Architectural, Interior And Construction Works by Staffingzone: 5:14pm On Apr 05, 2015 |
Proposed 12 units 3 bedroom flat
Do you a floor plan layout for the proposed flat? |
Politics / Re: This Photo Of Buhari Went Viral This Week On Fb And Twitter[photo] by Staffingzone: 4:26am On Apr 05, 2015 |
this guy is about to die. can he withstand the stress of ruling a country like Nigeria? |
Properties / Re: Treasure Palms Estate Abijo : Cheap land offer by Staffingzone: 7:32pm On Mar 29, 2015 |
I tried calling you again. email me with your final price and time to meet on Monday |
Properties / Re: Treasure Palms Estate Abijo : Cheap land offer by Staffingzone: 7:25pm On Mar 29, 2015 |
I will call you shortly |
Properties / Re: Treasure Palms Estate Abijo : Cheap land offer by Staffingzone: 6:27pm On Mar 28, 2015 |
Hi emma
I am a serious buyer. I need just one plot. When can we inspect and make payment? |
Politics / Re: Military Releases Video Of Terrorists Bombardment (video) by Staffingzone: 6:24am On Feb 25, 2015 |
the gun sound from this video is from a helicopter gun ship and not an aerial bombardment |
Politics / Re: Military Releases Video Of Terrorists Bombardment (video) by Staffingzone: 6:22am On Feb 25, 2015 |
the gun sound from this video is from a air copter gun ship and not an aerial bombardment |
Crime / Re: Gunmen Kidnap American Woman In Kogi (Pictured) by Staffingzone: 4:11am On Feb 25, 2015 |
I feel sorry these guys. we Americans don't pay dollar. we put bullet on people head |
Business / Re: Nigeria Export Promotion Council ,s-export LICENSE by Staffingzone: 11:21pm On Jan 24, 2015 |
why do we need an export license to export basic products. it should be as simple as possible we need to export export and not import import import. |
Business / Re: Value Of Naira Falls; Now 208 Naira To One Dollar by Staffingzone: 11:08pm On Jan 24, 2015 |
Why don't we encourage Nigerian abroad to start sending dollars into Nigerian economy. I mean collect the transfer money in dollar instead of naira. we need dollar in circulation right? |
Properties / Re: Unbelievable Land Offers! by Staffingzone: 8:51pm On Nov 07, 2014 |
This this offer for real? contact me 763-843-5550. tony |
Properties / Re: Best Architectural, Interior And Construction Works by Staffingzone: 10:39pm On Sep 16, 2014 |
Great work. Here is my number 763-843-5550 call. I need your service. Lets talk |