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Politics / Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Sterlingsolutns: 10:47am On Sep 16, 2020
Sterlingsolutns:
Azura and Osssiomo power plants were constructed and working perfectly without a penny investment by the federal government versus nipp power projects that are beset with so many bottlenecks. Lcc at a time constructed their road and maintaining it before Lagos state took it over from them. Any project that is not economically viable for the private investors to key in to should be deferred otherwise we will run into bankruptcy Dangote and private modular refineries are moving in strides Bua own is coming up strongly while the government refineries are languishing even with all the turnaround maintenance

How can anyone justify additional debt burden? Madam minister just informed us that Federal Government retained revenue between January and May 2020 was N1.48 trillion and debt service was N1.25 trillion. If we continue with this trajectory, in a very short while, debt service will be higher than retained revenue. The government should just make the environment conducive for the private sector to thrive and take the back seat. They should just accept the fact that power has changed hands unlike before when petro dollars still imbue government with strength and they can grand stand


Politics / Re: Buhari: Nigeria Needs Loans For Roads, Rail, Power by Sterlingsolutns: 5:30am On Sep 16, 2020
Azura and Osssiomo power plants were constructed and working perfectly without a penny investment by the federal government versus nipp power projects that are beset with so many bottlenecks. Lcc at a time constructed their roads and maintaining it before Lagos state took it over from them. Any project that is not economically viable for the private investors to key in to should be deferred otherwise we will run into bankruptcy Dangote and private modular refineries are moving in strides Bua own is coming up strongly while the government refineries are languishing even with all the turnaround maintenance

How can anyone justify additional debt burden? Madam minister just informed us that Federal Government retained revenue between January and May 2020 was N1.48 trillion and debt service was N1.25 trillion. If we continue with this trajectory, in a very short while, debt service will be higher than retained revenue. The government should just make the environment conducive for the private sector to thrive and take the back seat. They should just accept the fact that power has change hands unlike before when petro dollars still imbue government with strength and they can grand stand


iwaeda:

https://punchng.com/nigeria-needs-loans-for-roads-rail-power-buhari/

3 Likes 1 Share

Agriculture / Re: Why You Should Start Farming Tilapia Now (pictures) by Sterlingsolutns: 12:10pm On Sep 14, 2020
It is wrong for you to attempt at rubbishing catfish farming because you want to promote your tilapia fish and training. It is unethical. Just state what you want say on the strong points of tilapia and move on. Some farmers' livelihood depends on what you want to start rubbishing on this platform

I'm not a catfish person I'm into tree crops

Thanks


Alphafarms:


Am not here to prove a point to you, you can always visit us to see for yourself, we are all together in this.

Thanks

We appreciate those that called/WhatsApp to book tilapia fingerlings and training space, we are grateful and thankful for choosing us.

Call/WhatsApp: 08021106583 to book for your tilapia fingerlings or training space

Tilapia Farming, The Future of Aquaculture
Agriculture / Re: Why You Should Start Farming Tilapia Now (pictures) by Sterlingsolutns: 4:37pm On Sep 11, 2020
You will need aerator and more frequent changing of water compared to catfish farming

Thanks


Alphafarms:
@ sterlingsolutns, yes it is really profitable, as for the FCR, it takes 7 months to get close to 1kg, with little input.

As for the expensive to maintain angle, i don't really understand your point, all fishes lives in water and if using concrete or trapouline pond, the water is changed as when necessary as in the case of catfish.

As for the market, believe me when I tell you there is ready Market which our local production can't meet at the moment, that's why we are urging fish farmers to come in and tap from it.
Thanks

1 Like

Agriculture / Re: Why You Should Start Farming Tilapia Now (pictures) by Sterlingsolutns: 3:13pm On Sep 11, 2020
Is this Tilapia fish farming really profitable? - Low FCR versus catfish; takes longer time to get to the market versus catfish; expensive to maintain a suitable habitat for them to thrive - My thought though

But if one can secure a niche market - It's a great experience

Thanks


Alphafarms:
In Nigeria of today, anybody that tells you he or she is into fish farming, the type of fish that comes to mind is catfish. How ever, this thread is not in anyway, trying to belittle or discouraged anyone from farming catfish. As a matter of fact, I also hatch/produce catfish seedlings, and farm catfish and I have been doing this since 2007 till date, and I can tell you that catfish is profitable and interesting to farm.
Early last year, I was opportune to go for a short course on tilapia fingerlings production, and I can tell you that tilapia is highly profitable and interesting to venture into.
Here are some advantages of tilapia over catfish
1. Ready market: most of my customers are hotels, restaurant, cold rooms, exporters etc. No room for panicking, there's always market available.
2. Storage advantage: unlike catfish, tilapia can be refrigerated and store for a long time, that is why cold rooms also buy, because it can be stored.
3. Export: Do you know you can export tilapia(red) directly from your farm to US? As in a frozen form. Information they say is key
4. Dried/smoked: It can also be dried/smoked, as in the case of catfish and the likes.
5. Variety: There are silver/black and red tilapia, unlike catfish which has only black as colour.
6. Less cannibalism: Tilapia cannibalize less, unlike catfish.

These are some advantages tilapia has over catfish.

We @ALPHA FISHERIES & AGRO SERVICES, LAGOS. We produce high quality, disease resistant & fast growing tilapia fingerlings/juveniles ( hybrids inclusive)

Lagos Address: sunview estate, Ajah, lekki-epe expressway.
Warri Address: ijaw quarters, by st. Mary's junction, airport road.


Call/WhatsApp: 08021106583

We deliver directly to your farm Nationwide.


Tilapia farming, the Future of Aquaculture

1 Like

Agriculture / Re: Introduction Of Rijk Zwaan Vegetable Seeds by Sterlingsolutns: 1:44pm On Sep 03, 2020
Your product looks nice. Few questions please 1) What is the average weight of a crate filled with tomatoes? 2) What is average yield of a plant of GAMHAR RZ F1 ? - Rough and dirty numbers pls

Thanks


Seedforthagro1:
CUSTOMER FEEDBACK.

GAMHAR RZ F1 feedback pics from our happy customer @veggiecityfarm.
They bought and cultivated thousands of Gamhar RZ F1 seeds (rainy season tomato variety) months back.

The harvest has been tremendous��. You're doing well @veggiecityfarm. Thanks for patronizing us��

Are you still procrastinating? This should spur you to place your order today. Rush to our DM today to place your order.

1 Like

Agriculture / Re: My Cassava Farming Dairy As A Total Beginner by Sterlingsolutns: 3:41pm On Sep 01, 2020
The boy actually tried. He is a resource to your venture.

Thanks


willybaby:
just the force up Sir... Actually it was a little boy of 15 that sprayed d farm

1 Like

Agriculture / Re: My Cassava Farming Dairy As A Total Beginner by Sterlingsolutns: 12:45pm On Sep 01, 2020
Your workers really tried. They are skillful at using forceup. Aside from the forceup, which other post emergence herbicide did you use?

Thanks

willybaby:
Good evening all....
Updates from. Farm15 coming up..
Our corns story is truely the survival of the fittest..
Pictures coming
Agriculture / Re: 40 Days Variety Of White Beans (cowpeas) And Brown Beans SEEDS Available by Sterlingsolutns: 12:31pm On Sep 01, 2020
Interesting! Please, what is the expected yield ?

Thanks



hacts900:
You can grow beans from planting to maturity in 40 days! This new variety of beans was developed in a Nigerian university. It is not GMO.
Contact me for seeds if interested. Limited quantities available.
08090874676

1 Like

Agriculture / Re: 500,000 Naira From One Plot Of Land In 90 Days. by Sterlingsolutns: 1:56am On Aug 19, 2020
@okoroemeka

Your plants looks healthy and your sacks looks straight. 1) Please, did you line those sacks? 2) Those sacks appears more robust than the cement sacks- which sack did you use and why? 3) Appears you adopted twin rows planting - What is the spacing between the sacks in the twin rows
and within the rows? 4) What is the spacing of your pathways? 5) How many plants did you plant in each sack?

Thanks


okoroemeka:
for your no 1 question it's better to check your market and see the type they prefer,maybe take a photo or two,so we can diagnosis the variety or you can divide the land and plant half of each and see the outcome.(2)from the practical experiments conducted in sacks,there's no possible way a cucumber planted on the soil direct will outperform those planted in sacks, because whatever nutrients that is applied in sack remains there,but nutrients applied on soil can easily leech into the soil after a heavy rain and go far down the root zone were it will be useless for the crops but the only drawback in sacks is the back bending,bone wrenching work of filling the sacks with soil.our cucumbers planted in sack are light years ahead of those planted on soil
Agriculture / Re: My Cassava Farming Dairy As A Total Beginner by Sterlingsolutns: 1:10pm On Aug 04, 2020
@ willybaby - you have done so well by sharing your experience

Most of my questions are borne out of experience. I've always been involved in tree crops planting. In rubber plantation for example, you can leave the field forested for like eight months and go back there and brush the field and start tapping the trees. They are forgiving.

I quickly realise that for you to play in the turf of tree crops, you need a very deep pocket. To that extent you need to look at arable.

Two, three years down the line i ventured into arable - maize. Leased two hectares in a government estate around Ofada I had always known that rain forest climatic zone normally experience double maxima rain pattern - maximum rain in June/July and September/October with august break Planted maize and immediately spray atrazine and glyposate.To my surprise, weeds started growing vigorously. I wanted to spray post emergence but was told that the nature of the weeds are grass and post emergence will not be too effective against the grasses - the only alternative is manual weeding.

Labour is usually very difficult to get during the planting season - Somehow, the project failed but i learnt some lessons 1) Should have taken my time to read the instructions on the label of the atrazine 2) Should have been patient enough to allow the rainfall to be fully established so that the surface would be wet but i don't want the august break to catch up with me 3) If i can not wait for the rain to be fully established, i should have wait for the seeds of the weeds to germinate and spray before planting 4) The person that planted the seeds did a very bad job - spacing was too much enabling rapid growth of weeds 5) I should have studied the vegetation and plant crops like groundnuts or cowpea

I narrowed down my issues to two 1) Weed management and 2) Plant population management . I've learnt my lessons and am hesitant at throwing money into the bush so am inclined to do more research on pre emergence herbicide. Most of my questions usually revolve round the two issues

Most of the chemicals you said are not available are actually available. You have Bayer, syngentia, dizengof etc They might not be at your location but they are just a phone call away. Their customers' service personnel are well trained and responsive

Please, give us update on your cassava plants development. We are learning

Thanks


willybaby:
earlier post on the thread addressed some points you raised and answered some questions too, diuron is a pre mergent, googling is good but most recommendations you'd get ain't available in Nigeria
Force up was used

2 Likes

Agriculture / Re: My Cassava Farming Dairy As A Total Beginner by Sterlingsolutns: 8:37pm On Jul 31, 2020
@willybaby

Some weeds from the pictures are almost the same height as the maize. Please, in your opinion,

1. Do you think the pre-emergence application actually served the purpose? and can you possibly adduce reasons?

2. The maize plants suffered a bit of injury from the pictures. Which herbicide did you use that negatively affects the maize plants but did not affect the maize.

3.Why didn't you use herbicides that are selective of both the maize and the cassava? Someone mentioned diuron

You may want to read - Scientists recommend additional herbicides for weed control in cassava farming - for further guidance ( just google it)

Thanks



willybaby:
Grasses are all dieing, some corns are dieing, cassava is doing very well

2 Likes

Agriculture / Re: Groundnut Contract Farming In Niger State by Sterlingsolutns: 1:58pm On Jul 29, 2020
You field looks good!

1.What did you use to plough the field - Manual or mechanical - Tractors or oxen?

2. The plants looks too close, what spacing did you use?

Thanks

emmaodet:


Though, after re-planting, we are experiencing a good growth.
Agriculture / Re: Groundnut Farming At Abeokuta by Sterlingsolutns: 1:52pm On Jul 29, 2020
Please, when did you plant this?

emmaodet:
This is the groundnut harvested yesterday.
Local seed type ready for harvest.
Agriculture / Re: The Fast Money Making Machine Crop In Pictures You Can Start Now!!. by Sterlingsolutns: 6:57am On Jul 25, 2020
Thanks @ Lesgupnigeria

If one wants to take advantage of April to September spike in plantain prices, which month is the best month to plant plantain and how do one forestall the destructive effect of March/April and September/October windstorms?

Thanks


Lesgupnigeria:

From planting to harvest,it takes 11 months
Agriculture / Re: Step By Step Improve Way Of Cultivating TOMATOES by Sterlingsolutns: 10:32pm On Jul 12, 2020
Please, how many grams of platinum seeds did you use in planting the two plots

Thanks


Farmerakinloye6:
almost 2plot, the place am using is 143by 105 feet
Agriculture / Re: The Fast Money Making Machine Crop In Pictures You Can Start Now!!. by Sterlingsolutns: 11:06am On Jul 03, 2020
@Lesgupnigeria

Please, how long does it takes plantain to flower from the time of planting the sucker and how long does it takes the plantain flower to become harvest able plantain due for the market

Thanks


Lesgupnigeria:
For your hybrid suckers and affordable, genuine land, kindly call 08164628081 in Ogun state and Oyo state
Agriculture / Re: My Cassava Farming Dairy As A Total Beginner by Sterlingsolutns: 9:40pm On Jun 28, 2020
@willybaby

Please, what is the withdrawal interval between the time you sprayed the rakeout/ rooter and the time you planted the corn/ cassava? Will the chemical residue not affect the crops planted?

Thanks


willybaby:
Planting going on.... a custard rubber of corn seeds was bought a total of 6800 heaps was planted today by 3 people with 2 seeds per heap
Agriculture / Re: Groundnut Contract Farming In Niger State by Sterlingsolutns: 4:38pm On Jun 23, 2020
Thanks

You see, your business model is similar to cbn anchor borrower scheme. There was a number of delinquent loans from the newspapers report wherein farmers will just elope with the produce even when they are members of co-operatives So I'm wondering how you are going to prevent this

From what you have stated, what you have is the mou which can be a strong legal instrument if it can easily be enforced or a paper if the cost of enforcement is high

I just felt that instead of going that far to do contract farming, you can do the contract farming in locations around you except there are some compelling reasons to go to that location

Thanks


emmaodet:


1) When did you plant the seeds?
Planted on 18-june-2020

2) What yield are you looking at?
Expected yield is 2 tons of shelled groundnuts per hectare minimum.

3[b]) What gives you the comfort that the risks enumerated here will not crystallize in your location of contract farming?
Pls can you shed more light on this? your English big small sir for me.


4) When is rainfall fully established in Ogun State and Northern Niger State?
Ogun state normally is from march to September and niger is june to September.
You can have 2 farming season per year in Ogun for a 3 months duration crop while 1 farming season in niger.
Yes, you are right about planting groundnuts twice a year in Ogun. Am doing that presently. Planted first groundnuts in May at Abeokuta and planting the second one in july at odeda
Agriculture / Re: Step By Step Improve Way Of Cultivating TOMATOES by Sterlingsolutns: 3:07pm On Jun 23, 2020
Lol It's easy now. Just get the weight of the crate filled with tomatoes, get the weight of an empty crate, subtract the weight of the empty crate from the one filled with tomatoes and that gives the net weight. Get the weight of a platinum fruit and divide by the net weight of the tomatoes in the crate. That will give an approximate number of fruits that can fill a crate

Thanks


Farmerakinloye6:
sir, you want me to count tomato fruit one one shocked shocked shocked inside crate? Smile... workload will not permit me, don't know in future shaaa

1 Like

Agriculture / Re: Step By Step Improve Way Of Cultivating TOMATOES by Sterlingsolutns: 2:29pm On Jun 20, 2020
@jidestroud

Nice statistics

One of the difficult aspect of planning and projections is the dearth of reliable data. As simple as your numbers look, the embedded value is profound because it is based on an observable data. It shows that you are an organized agroprenuer

But are your numbers truly correct?

A big basket is about 40kg. Per your analysis, a plant will give about 5kg and therefore 8 plants will fill a basket

Tomatoes can be planted at a spacing of about 30cm by 80 cm so in an acre you have a population of about 16k so you can get approx 2k baskets from an acre

Tomatoes prices fluctuates from as high as 12k per basket to as low as 3k per basket so assuming a worst case scenario of 3k per basket you are looking at a gross revenue of 6m per acre or 1m per plot within a space of 90 days. This looks too good to be true to me

Please clarify

@ farmerakinloye6

Please, advise how many platinum tomatoes fruits will likely fill a crate

Thanks


jidestroud:


Don't get me wrong Boss mi, I just wanted to be clear on the per plant. Your harvest is truly good.
For example, when I did my statistics per plant the last time I did Cobra 26, per plant I was able to harvest 5.64kg per plant. i.e average weight per fruit was 85grams.

In summary, that is (5640/85)grams = 66.35 fruits per plant.

So you are absolutely correct with your analysis.
Agriculture / Re: Groundnut Contract Farming In Niger State by Sterlingsolutns: 7:43am On Jun 20, 2020
Nice concept

Few questions please,

1) When did you plant the seeds?
2) What yield are you looking at? Please be kind enough to give a feedback after the harvest
3) What gives you the comfort that the risks enumerated here will not crystallize in your location of contract farming?
4) When is rainfall fully established in Ogun State and Northern Niger State?

Please pardon my questions. I'm only being curious. I feel that the latitude of Ogun State from the coast is much lower and thus enjoy extended months of rains than that of Niger State and with careful planning you can crop peanuts twice in Ogun State in a season thereby leveraging on the first land preparations while running the second cycle of planting aside from savings in logistics and overall supervisory cost

Thanks


emmaodet:
I had to reduce my company capital exposure to risk by engaging in a contract farming with the farmers.
I don't need to worry about owning a land, workers theft, erratic rainfall, fulani herdsmen etc.
i only gave them improved seedlings with chemicals to offtake at 60% market price at the time of harvest.
Agriculture / Re: Step By Step Improve Way Of Cultivating TOMATOES by Sterlingsolutns: 12:02pm On May 31, 2020
Your farm is nice looking. Please, how many times have you weeded it till date? Did you used manual or chemical means? You mentioned you did controlled chemical application in your cassava farm thanks


Farmerakinloye6:
The total time I was able to irrigate till date was 8 time, unlike my colleague that irrigate more that 30 times.
Agriculture / Re: 500,000 Naira From One Plot Of Land In 90 Days. by Sterlingsolutns: 10:24pm On Mar 20, 2020
Please, elucidate. An acre is 4,000 sqm The bed as described will be 50 sqm so 80 beds can fit in. But if you factor in inter bed spaces for evacuation and movements, 80 beds looks impossible to me.

thanks


jethro2:
Good day sir
Yes. I come in once in a while to read on agriculture section. I restrict my agricultural writtings and farm pictures to my Facebook timeline

The 30cm spacing work excellently for cucumber provided you are staking them

I could send you some pictures of the cucumbers we did and the current one on the farm using the same spacing through WhatsApp or other means.

The yield automatically increase because there is more plant giving you fruits

The main point is to make sure your soil is rich in nutrients through poultry waste and cow dung so the plants will not compete

At one point of harvest, we harvested 35 bags of cucumbers from 5 raised bed of 2m *25m lenght

80 of such raised beds can be mapped out from an acre

I tried attaching it here but it's not responding.
I would have love to attach here

You can also Google cucumber raised bed farming with my name Yinka Adesola, I believe several of the pictures, past and current will spring up

The system was first introduced to my team by IFDC as back as 2014

It's a highly productive system for cucumber

Agriculture / Re: Maize Farmers Only by Sterlingsolutns: 10:47am On Mar 19, 2020
@OluchiDelly

Can you please let us see the pictures or drawings of how your knapsack with a hood looks like? It could be helpful now that labour cost has become a material cost in farm operations

OluchiDelly:


Educative thread u have here sis.

My choice of weeding is herbicides. I use any a.I nicosulfuron, such as striker , guard force, i sometimes mix wt atrazine. Nico is selective to corn n very potent, just 100ml in ur tank, u get d magic. But transplanted veggies can nt survive in that land in d next 3 months. I fell victim once, so I stopped using it, cos I cherished d life of my veggies more.
I am currently using glyphosate/paraquat. I improvised a hood over my nozzle at a low pressure to focus/control d direction of d vapour with d hood very closed to d ground to avoid diversion by wind. I spray in such a way that the mouth of d nozzle/hood is directed away from d plants, tho injury sometimes but very minimal. Frustration from workers can make one think outside box.
Agriculture / Re: 500,000 Naira From One Plot Of Land In 90 Days. by Sterlingsolutns: 3:06pm On Mar 12, 2020
okoroemeka:
after several experiments on using organic chicken manure(ocm) for fertigation in cucumbers we finally decided to use the method of soaking the OCM in a big vat not putting it in bags and pouring water into it and after turning for 3-4 days the mixture is left to settle for a day so that the solid materials will sediment at the bottom,this method gives faster extraction of nutrients in the OCM,so we simply skim the solution and filter with a fine mesh,we have no method to check the nutrient composition of the OCM but the solution is so potent that if it drops on cucumber leafs that area will turn white in hours just like urea,the organic fertigation was a success no blocked emitters no dramas.with this method it's a cost cutting solution on feeding crops small dose of nutrients even on a daily basis with no added stress either on the body or in the pocket.

Please, what spacing in metres did you use between bamboos within rows? They appear too wide to me. Are the bamboos (in numbers) enough to support the cucumbers when they start fruiting?
Properties / Re: After Lagos, Building Collapses In Ibadan - Sahara Reporters by Sterlingsolutns: 4:50pm On Mar 16, 2019
Read my post again I agreed with the fellow that said old buildings might be stronger

asuustrike1:

So are you implying they destroy old buildings?
Properties / Re: After Lagos, Building Collapses In Ibadan - Sahara Reporters by Sterlingsolutns: 4:18am On Mar 16, 2019
Absolutely I thought all iron rods are the same until someone told me some Asian manufacturers cut corners back in the days this can't happen

asuustrike1:

No they shouldn't infact many old buildings are stronger than the ones erected this days
Investment / Biz Plan For Oil Palm Plantatn Using Adv Excel & Financial Modelling Techniques by Sterlingsolutns: 2:34am On Mar 16, 2019
Business case – Justification

Supportive government policy – Government policy has been very supportive of oil palm business as evidenced in the fact that its importation is restricted. It is on the list of non-valid for foreign exchange items and as such importers of the product are expected to source their forex requirements from the autonomous source

The import duty of 35% imposed on the commodity is quite high although producers of the commodity are asking for even a higher rate. It thus enjoys considerable government support and protection. In the quest for diversification of the economy, with all the structural rigidities, the support is going to be in place for a very long time

The product falls into the category of product some people described as products in the category of sellers’ market with okomu oil being the price leader. I will give an example for us to appreciate this. While working with a multinational, what the corporate head office normally does is to hand down your sku(store keeping units) projections to you. If you don’t catch up with strong reasons for the failure to catch up, the corporate head office will simply head hunt another ceo. Realising this, what the local office management of the company will do is to drop the products with the distributors and invoice them. When you send reports, the sales will be high and accounts receivables also high with increasing amount in delinquent receivables. The corporate office will naturally query this and that makes company introduce the key distributors’ scheme wherein the company guarantees the distributors. What this means now is that instead of the products to be seated as receivables in the company financials, it will now be standing as a liability to the distributors guaranteed by the company

Years later, I got an employment in an integrated oil palm company. I saw distributors depositing money - what Accountants call customers’ deposit/deferred income and loading was being scheduled for like 45 days later I was flabbergast. I‘ve never worked in such environment that you don’t need sales men. All the sales team does is to allocate products

Critical success factor. – If you produce products that has the market, you have the technology and can properly co-ordinate and control men and then the funding is available or can be packaged – you will certainly be rich if you are prudent. Oil palm operations have the entire ingredients of critical success factor. Facilities can easily be packaged if there is no funding, the market is ascertained and the technology is domiciled locally. The only thing that can be a challenge is the boiler in terms of technology and cost but there are ways around this.

...................

1 Like

Agriculture / Business Plan For Oil Palm Plantatn Using Advanced Excel & Financial Modeling by Sterlingsolutns: 5:12am On Mar 15, 2019
Business case – Justification

Supportive government policy – Government policy has been very supportive of oil palm business as evidenced in the fact that its importation is restricted. It is on the list of non-valid for foreign exchange items and as such importers of the product are expected to source their forex requirements from the autonomous source

The import duty of 35% imposed on the commodity is quite high although producers of the commodity are asking for even a higher rate. It thus enjoys considerable government support and protection. In the quest for diversification of the economy, with all the structural rigidities, the support is going to be in place for a very long time

The product falls into the category of product some people described as products in the category of sellers’ market with okomu oil being the price leader. I will give an example for us to appreciate this. While working with a multinational, what the corporate head office normally does is to hand down your sku(store keeping units) projections to you. If you don’t catch up with strong reasons for the failure to catch up, the corporate head office will simply head hunt another ceo. Realising this, what the local office management of the company will do is to drop the products with the distributors and invoice them. When you send reports, the sales will be high and accounts receivables also high with increasing amount in delinquent receivables. The corporate office will naturally query this and that makes company introduce the key distributors’ scheme wherein the company guarantees the distributors. What this means now is that instead of the products to be seated as receivables in the company financials, it will now be standing as a liability to the distributors guaranteed by the company

Years later, I got an employment in an integrated oil palm company. I saw distributors depositing money - what Accountants call customers’ deposit/deferred income and loading was being scheduled for like 45 days later I was flabbergast. I‘ve never worked in such environment that you don’t need sales men. All the sales team does is to allocate products

Critical success factor. – If you produce products that has the market, you have the technology and can properly co-ordinate and control men and then the funding is available or can be packaged – you will certainly be rich if you are prudent. Oil palm operations have the entire ingredients of critical success factor. Facilities can easily be packaged if there is no funding, the market is ascertained and the technology is domiciled locally. The only thing that can be a challenge is the boiler in terms of technology and cost but there are ways around this.

................

1 Like

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