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Edge Grove, Abuja (2026)

16/12/2020

DO YOU NEED BUSINESS FUNDING?

DO YOU KNOW YOU CAN OBTAIN UPTO 10 MILLION NAIRA BUSINESS LOAN WITHOUT A COLLATERAL?

READ THIS POST...

THE ENTERPRENEUR:

The life of an ENTREPRENEUR is not to be Envied, every stage has it's own challenges, he thinks it through alone, Source for funding alone, when the business is standing everyone wants him dead, the government bring in all kinds of taxes and levies, the staff constantly strategies to steal, the competitors wants to drive him out of market, even the customer is a fair weather friend. He looses sleep because he is carrying too much burden of his enemies but he has to live with it as he cannot do without them. If the business fails everyone leaves except him. Hmmmm, clap for Aliko Dangote and others ,the journey is not an easy one...
Who is an Entrepreneur?
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new business ideas.

Becoming an Entrepreneur

While there is no one “right” way to become an entrepreneur, the general career trajectory usually looks something like this:

Develop an idea for a unique or in-demand business.

Learn about and gain experience in a range of business roles, including finance and accounting, management, and marketing.

Make a business plan and establish a source (or sources) of funding.

Recruit talented workers and managers with the skills needed to develop, test, implement, support, and maintain the company’s products.

Most of the times Entrepreneurs starts alone , combining all roles from cleaner to MD, performing all the duties due to lack of financial power to effect payment of employees.

Devise strategies for launching the product or service, and for attracting and retaining customers.

Once the company is established, seek out ways to grow revenue by expanding into new areas and product lines. Most of the funding for expansion is sort through loan, crowd funding, or equity investment.

As the company matures and attain a level of financial stability, round pegs in round holes are sort after and employed to realize the business goals.

Businesses in Nigeria are categorized into Micro, Small and Medium Enterprises (MSMEs). These MSMEs play a big role in the Nigerian economy and economies around the globe. MSMEs outnumber large companies by a wide margin and also employ many more people. SMEs are important for economic and social reasons, given the sector’s role in employment.
SMEs are also said to be responsible for driving innovation and competition in many economic sectors.

In Nigeria, most micro businesses are often owned and managed by sole operators. Lets take a quick overview of the status of MSMEs in Nigeria and how they make an impact on the country’s economy.

What is an MSME?

The definitions of micro-business, small business, and medium business depend on the country and who is defining the terms. In Nigeria, Micro Small and Medium Enterprises (MSMEs) are generally referred to as enterprises with up to 250 employees.

The definitions of small and medium enterprises are as follows: –

Micro Enterprises: between 1 and 9 employees.

Small Enterprises: between 10 and 49 employees.

Medium Enterprises: between 50 and 249 employees.

Population of MSMEs In Nigeria

According to the Ministry of Industry, Trade, and Investment, Nigeria has over 37.07 million micro, small and medium-scale enterprises, MSMEs, and they account for more than 84 percent of total jobs in the country. The ministry also claimed that the MSME enterprises in Nigeria also account for about 48.5 percent of the gross domestic product, GDP, as well as about 7.27 percent of goods and services exported out of the country.
Based on the total numbers of MSMEs in Nigeria, Micro Enterprises account for the bulk with 36,994,578 enterprises (about 99.8 percent), while small enterprises took 68,168, and medium enterprises 4,670. Lagos, Oyo and Kano State are the top three states in Nigeria with the highest number of MSMEs in Nigeria.

MSMEs Benefits to Economic Growth

Most economies, particularly those of developing countries like Nigeria, march on the shoulders of small and medium-sized businesses. This is because MSMEs are characterized by dynamism, innovations, efficiency, and their small size allows for a faster decision-making process.
The benefits of MSMEs to any economy are easily apparent, they include:

Contribution to the economy in terms of output of goods and services;

Creation of jobs at relatively low capital cost, especially in the fast-growing service sector;

Provide a vehicle for reducing income disparities;

Develop a pool of skilled and semi-skilled workers as a basis for future industrial expansion;

Improve forward and backward linkages between economically, socially and geographically diverse sectors of the economy;

Provide opportunities for developing and adapting appropriate technological approaches;

Offer an excellent breeding ground for entrepreneurial and managerial talent, the critical shortage of which is often a great handicap to economic development, among others.

SMEs are believed to be the engine room for the development of any economy because they form the bulk of business activities in the economy.

What is AGSMEIS?

The Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS) is an initiative to support the Federal Government's efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development

Requirements to qualify for loan.
A registered company or business name.
Detailed business plan.
EDI Training certificate.

You are a few steps away from obtaining the 10 million naira business loan with single digit interest rate.

Look out for my next post on a schedule training to obtain THE LOAN REQUIREMENTS ABOVE.
For enquiries contact.
Ojumu Emmanuel 07047432332.

26/06/2020

PINEAPPLE FARMING

Wish to set up a business of your own and still having difficulty picking the right niche? Then this article will be quite helpful for you! Read it till the end, and you will be craving to plant pineapples. The advantages of the business, pineapple cultivation, farms, varieties and even much more are described here.
Pineapples rank second on the list of the most consumed fruits in the world and constitute up to 20 % of the world’s production of all tropical fruits. Approximately 70 % of all grown pineapples are eaten fresh by residents of the countries where they grow. Brazil and Paraguay are homelands for this fruit, and these was where pineapple was discovered for the first time.
The leading producers of pineapple are Nigeria, Brazil, China, Thailand, the Philippines, India, Mexico, Costa Rico, Indonesia, and Kenya. These countries are responsible for the production of pineapples for global use. Hawaii is one of the world’s largest producers and suppliers of the fruit. It mainly supplies the USA and Japan. Since the 1960s, the level of pineapple farming has increased dramatically. The fruit popularity in the whole world can be explained by the breeding of new species, in particular, one that is referred to as ‘Gold’. This sort was ‘born’ in Hawaii and became widely popular in the 1970s. Since then, the global volume of canned pineapples trade doubled. Nowadays one of two ripe fruit is sold. The rise of consumer demand for fresh pineapples and juice has made it such that the business is profitable for both large and small corporation.
How to plant pineapple? A pineapple is a very typical tropical fruit. Everyone knows what it looks like and how it tastes, though the process of planting and harvesting is unknown to most people. To become a professional in pineapple farming you should first understand all the peculiarities of the plant. Let’s take a look at the issue in a more detailed way and get to know what this special plant really is Pineapple is a tropical perennial and herbaceous plant. When mature it can reach up to 2 meters in height, on the condition that it grows on bare land. The plant has got a flat, squat stalk and firm foliage. It looks more like a bush than grass.
It grows rapidly after planting. Its stalk becomes thick and possesses dozens of intertwined leaves. Pineapple foliage is narrow and pulpy with sharp barbs on edges. As a rule, they reach up to 70 cm in length. Due to this, the plant may easily go through dry periods. Its special leaves structure is very helpful because they absorb large quantities of fluid. After a year or so of robust growth, a pineapple starts blooming with many spike-shaped flowers on the top. Its blossom is hermaphrodite. As for colours, pineapples may be violet, red, yellow, etc. according to the variety. Every flower produces a berry. The pineapple berries grow and become juicy. Eventually, they join together and form the fruit that we are accustomed to seeing on store shelves. That is why it has got such an odd ‘cell’ look.
If the pineapple flower was pollinated, the berry might contain tiny seeds that affect the fruit negatively, in particular, its edibility and price. Pineapple farmers try their best to get rid of the plant's pollination. In the wild, hummingbirds pollinate the plant. After the ripening process is completed, a pineapple gets new shoots from leaves ‘bowls’. They are often used for vegetative propagation. If you reduce these side appendages, the plant will blossom and bear berries sooner. After the second harvest, farmers uproot pineapples and plant new ones in their place. In addition to the situation where side shoots of pineapples are reduced, farmers frequently make use of the seeds and the plant top too. As for the top of a ripe pineapple, it is a distinct crown of young leave. It is very possible that it may turn to a ripe fruit under the right conditions.
How to breed pineapple? This exotic fruit can be bred in several ways:
1. Using the tops of the fruit. If you cut the top and plant it in bare soil or even into a flowerpot, the ‘topknot’ will take roots in some time.
2. Using side shoots. These seedlings are cut when they lay down roots.
3. Making use of seeds.
The seeds are in ‘cells’ under the peel of the fruit and look like apple seeds. They are collected only in overripe pineapples. Undoubtedly, the plant will grow. However, it will only bear fruit after a few years.
We will take a look at pineapple production in Nigeria and also processing.

23/06/2020

PLANTAIN FARMING:

You want to be a successful plantain farmer, isn’t it? Let's start from this point and learn gradually unto profitability.

To succeed as a farmer, the importance of a good soil cannot be overestimated. In this society of super-abundant land due to farm inheritance — father passing down land and landed properties to children and relations, it is highly important for us to highlight and emphasize the qualities and characteristics of a soil suitable for plantain farming. Some, but not all of the most important attributes off a suitable land for plantain farming include:

FERTILITY

The best type of soil for plantain is loam. Loamy soils are the best producing soils for plantain farming because they contain a large percentage of organic components, compared to the inorganic parts.

Organic materials, such as decaying plants and insects, provide soil with air, nutrients and water-retaining matter. This combination of ingredients, when combined with mineral particles, allows soil to remain loose and fertile.

In tropical rain forests part of Nigeria, organically rich soils are shallow. i.e. they are easily depleted by deep feeding crops. Plantains are heavy feeders, i.e. they easily deplete soil nutrients. Plantains will thrive for one to three years but later wilt and die due to the depletion of the layer of organic matter. To avoid depletion, it is necessary to provide soils with compost and mulch.

A soil’s fertility can be improved by adding chicken manure, compost, wood ash (for extra potassium) and mulching. The chicken manure will not only increase the soil fertility, it will increase its water-retaining capacity.

Most Nigerian soils, especially those of the southern part, are naturally rich in humus (loam). So if you have such a land, you are good to continue. On the long run, fertilizers would be needed to tremendously boost soil fertility.

DRAINAGE AND IRRIGATION

They both involve water but in opposing means. While drainage refers to the removal of water from the soil, irrigation means the addition or supply of water to a farmland.

Land used for agriculture must be properly drained and irrigated. The amount of water supply should be fairly greater than the amount of water removed such that the soil contains moisture at any point in time. This is because too much water supply can result in water logging — which reduces the amount of air available to plants’ roots.

When the water supply is insufficient, it can lead to desiccation. Consideration must be made for planting in dry season in terms of the availability of good, quality water for irrigation. In addition, plantain farm must have a good drainage system.

Spread a thick layer of mulch on the soil to help conserve moisture and protect the shallow roots. The huge soft leaves evaporate a lot, and you have to keep up the supply. Plantains also need high humidity to be happy.

CLIMATIC FACTORS

Plantain cannot thrive in an environment that is too hot or too cold. The ideal climate for plantain is the tropical climate with temperature ranging from 26 to 30 degrees Celsius. But below 14°C (57F) they just stop growing and die. The plantain would die.

They thrive in tropical regions where the warm temperature, bright sun and adequate moisture create optimum growing environments. They grow best in hot and humid climates, require a rainfall of at least 1000 mm (39.4 in) per year to survive and have a high light requirement. Plantains will grow optimally at 27°C (98.6°F)

Bananas can handle extreme heat (if they have enough water), but they don’t like it. They can handle cool weather for a short while, but they don’t like that either.
If the temperatures drop any lower the fruit suffers (the skin turns greyish) and the leaves can turn yellow. Frost kills the plant above ground, but the corm can survive and may re-shoot.

Again, the ideal temperature range for banana growing is around 26–30°C (78–86F). The plants will grow optimally in soil with a pH between 5.5 and 7.0.

SIZE

Land tenure has always been one of the major bane to agriculture because of fragmented lands. The recommended spacing is 3 m between the plantain rows and 2 m within the row (in other words. 3 m x 2 m). An alternative is 2.5 m x 2.5 m. If spaced 3 m x 2 m, 1 hectare should contain 1667 plants, but with a spacing of 2.5 m x 2.5 m, it should contain 1600 plants.

Rows should be straight in flat fields to give plants the maximum amount of sunlight. However, on sloping land, rows should follow the contour lines in order to decrease soil erosion. The desired pieces of the plant are usually planted 30–60 cm (11.8–23.6 in) deep in the soil.

It is worthy of note at this point that agriculture has long left the idea of a hobby. It must now be taken seriously, as a business. So if you really want to succeed in this plantain business, you need a considerably large portion of land.

Take adequate cognizance of the above characteristics so as to greatly boost your farming success.

Now that you have some ideas about how to select the ideal land for your plantain farming, why not share with your friends who are also interested?

Don't hessistate to call us for consultancy services and also book appointment for farmland inspection. 07068321321, 07010014656.

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