Friday, 21 November 2014

MO ABUDU: AN ENTREPRENEUR WHO TAKES NO FOR AN ANSWER



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The owner of Ebony Life Television covers the current edition of ENTREPRENEURSHIP SUCCESS INT'L MAGAZINE, Grab your copy on the News stand or call 0803 350 0721

MO ABUDU 

“If you CAN think it …you CAN do it!” Talk about “words speaking volumes”, this catchy phrase aptly describes up the life, personality and achievements of Mosunmola Abudu, more popularly know as ‘Mo Abudu’.

Thursday, 13 November 2014

Check It Out: Hot On The News Stand!



The government of the day lines up various programmes for entrepreneurs, especially the small and medium scale industries. In this edition, we have lined up proactive interviews of great entrepreneurs who in their own way started little and have gradually on a step-by-step approach grown big.
For example, an exclusive interview with Olorunyomi Omoniyi Makun of Yomi Casuals in this edition reveals how the youthful entrepreneur started humbly, and today the outfit is identified with celebrities and politicians. The next one is Digital Interactive Media, the owners of V Channels and Oodua TV with its anchorman, Sola Fajobi, in an interactive session with him, it is colourfully-revealed that one can start-up with almost nothing and soon enough would gain excellence.

We moved further to have a chat with Mr. Olalekan Majekodunmi is encouraging and inspiring, being an entrepreneur of over 20-years, he is the head of Majekodunmi and Associates, who revealed in this edition that lack of honesty destroys entrepreneurs. A close-up interview with the Proprietor of Worldwide Alliance and Guaranty Group of Schools/Prosper College, is a wonderful chat that brings to light the step-by-step approach to stardom.

The Entrepreneurship Success International Magazine (ESIM) is still in the business of inspiring would be entrepreneurs to take proactive steps and live their dreams.

Friday, 7 November 2014

Ibom International Stadium To Employ 5,000 People

SINCE its creation in 1987, it is trite to say that Akwa Ibom State has not seen significant economic boom through national or international sporting activity hosted by the Federal Government.
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The apparent limitation was always traced to gross lack of sporting facilities to host such sporting activities.
The major sports edifice in the state, the Uyo township stadium, did not have any seating facility or an internationally acceptable grass field to host football events; the only activity which the township stadium was known for hosting was the Mobil track and field games.
But with the advent of Governor Godswill Akpabio’s administration, the stadium experienced a face lift. The terraces were fixed and the state box was upgraded to an appreciable standard. The quality of the field and the dressing rooms has improved, likewise the track and field facilities.
As a man of vision, Governor Akpabio stepped in, knowing the sports sector in the state had suffered from perennial economic deprivation. As a result of the absence of funding in the sector leading to lack of good sporting facilities, the state was never considered in the past to host important tournaments.
To make the difference, Governor Akpabio deemed it fit to propose the building of an Olympic standard stadium in the state.
The expenditure of public money on sport facilities and events is an international phenomenon that occurs in every government.
The government of Portugal spent $732 million to host Euro 2004, the European soccer championship. Public funds paid for the construction of seven new stadia in a country about the size of the state of Indiana. Portugal’s spending paled in comparison with the cost associated with the 2002 World Cup, co-hosted by South Korea and Japan. To prepare for the event, various Japanese localities built seven new stadia and renovated three others at a cost of $4.5 billion. South Korea spent $2 billion on 10 new facilities.
The new Akwa Ibom State international stadium has 36 exits and the main bowl is capable of draining out flood water 20 minutes after a heavy downpour. The main turf is made up of natural grass to conform with international standards, since artificial pitch is not desirable or acceptable.
The Akwa Ibom international stadium has a seating capacity of 30,000, costs N16 billion and will provide jobs to 5,000 people, apart from giving the state a hosting right to international sporting events.
This stadium complex sits upon a massive 32 hectares of land. The main bowl consists of a four-tier terrace seating arrangement, all covered. There are two parking lots; VIP and bus parking areas with VIP access and public access; coffee-shops, shops, restaurants and a banquet-hall.
It has an eight-lane 400 metres standard track including complete athletics facilities in the segment of the field. Coming in three levels, the grand stand area will accommodate the Very Very Important Person (VVIP) and Very Important Person (VIP) lounges.
Other facilities within the Grand Stand Area, especially Level I are team changing rooms, collective changes rooms, offices, meeting room for team meetings, administrative and technical services, as well as covered parking spaces.
Essentially, the level also accommodates a naturally ventilated entrance lobby for VVIP guest while Level II within the grand area accommodates the VVIP reception area viewing lounges, catering service and conveniences.
Level III is dedicated for public spectators of grand stand west and their respective service facilities.
In the levels, there are also provisions for entrances to the East Stand and curves. The concourses include toilets, first aid stations and stairs to the upper levels. There are kiosks for spectators’ food and beverage facilities, facilities for the spectators for the upper tier seating including toilets and kiosks as well as a service concourse to the upper tier seating.
The stadium enclosed by a white triangular shaped out skin that wraps around the entire stands area made of acrylic glass. The façade of the Grand Stand, which is also of acrylic glass, are of vertical panels.
During matches or event nights, the façade of the Grand Stand will be illuminated in various colours.
Governor Akpabio said the stadium will be commission on November 7, 2014. The Olympic sized stadium presents to sport lovers a place to relish live international tournaments. Henceforth, anytime any tournament will be hosted by Nigeria, Akwa Ibom State will not be deprived the benefits and money that such events will bring to Nigeria.
Already, Confederation of African Football (CAF) has confirmed that the 2015 Africa Cup of Nations qualifier between Nigeria and South Africa, will be played at the new Akwa Ibom International Stadium. A representative of the football body was in Nigeria to conduct a tour of the facilities at the recently completed stadium and has given it a pass mark.
CAF delegated Mr Fred Creteil, the vice-president of the Ghana Football Association (GFA), came to inspect the facility and he left impressed.
“You guys have a wonderful facility here. It is one of the best I have seen anywhere around Africa and elsewhere. It is of the same standard and mould as Soccer City [in Johannesburg] with a lower capacity,” Creteil said in Uyo when he came visiting.
“I am particularly amazed that there are provisions for the physically –challenged persons. Everything is taken care of here. I am hugely impressed.”
Apart from the economic boom through sporting activities, the stadia will also provide arena for human empowerment through sport development, as youngsters will be discovered in different sectors of sport and become professionals, earning a living from their talents.
Apart from the creation of over 5,000 jobs for daily staffers, the stadium will provide 200,000 jobs during major tournaments. The stadium is constructed with a left over space for periodic expansion.
The foundation of the site can be expand to 60,000 sitting capacity; every other department of the stadium can be expanded to double their capacity. Governor Akpabio’s tag team designed this stadium with deep insight and vision, leaving room for expansion as it is the international best practice.
In all, a project as massive as the Akwa Ibom Olympic Stadium is difficult to measure its economic benefits especially if one views it in terms of very simple equations responding to specific challenges. A vivid illustration is like viewing a new road that connects an industrial area to a new port. It would be hard to justify the efficacy of the project measured simply by time saved in traffic. But take a wider view of increased productivity, exports and jobs, and it becomes clear that such a road actually provides exceptional value.
Governor Akpabio has set agenda of economic prioritisation. He knows that building infrastructure will strengthen and increase the economy of the state likewise provide jobs and yield more revenues to the state through direct and indirect taxation.
The Akwa Ibom international stadium is one of such infrastructure, which will bring about the economic rejuvenations of the economy in the state and empower the people through direct and talent creations.
As President Jonathan inaugurates the Stadium on Friday, November 7, 2014, many note that Godswill Akpabio is leaving Akwa Ibom State better than he met it in 2007 and has made his name unforgottable in the annals of history as far as uncommon transformation of the state is concerned.

We’ve become a centre of entrepreneurial education in Nigeria’s tertiary education - KWASU VC

Recently, we reported that the Kwara State University (KWASU) was launching Entrepreneurship Education. The VC, Professor AbdulRasheed Na’Allah, reveals its implication to Nigeria’s education system and the entrepreneurship programmes the varsity is working on, in this exclusive interview.
 
You recently announced the Entrepreneurship Education from the university. Now, talking about entrepreneurship, what level have you been able to take the university in your first term and your plans for another term of five years?
I thank God for the opportunity to have led the university for five years. Whatever success we had was a collective success of every section, every individual, and every department. We all worked hard together to take the university to its current enviable height. We’ve been able to graduate two sets. It’s a major satisfaction to us as our permanent graduation date has not changed from first Saturday of June. Most of our graduates are outside there, creating businesses, doing postgraduate studies, serving the country, e.t.c.
Also, we’ve been able to attract a very strong academic body from within and outside the country. We’ve settled down to research work, in terms of teaching, academics, scholarly activities. We have been able to build an academic body that has reflected in the reputation of the university. The excellence of our academic body in the past five years has reflected in the university. We should also know that a mediocre academic will in turn mean a mediocre university.
We’ve been able to put in place strategies for recruiting students that has actually helped us to attract very good students. We have what we call Open House. We are the only university that does that. In summer, we open our university to secondary school students who are potential students, their parents, teachers. They come here, they meet department, colleges, listen to activities, to know what course to pursue, or not, the implication, how to work hard etc. This enables them to make up their mind whether to come to KWASU or not.
The typical thing in Nigeria is that ‘there are too many students in the country; there is no need to worry.’ We don’t take things lightly. But when people made up their mind to come to you, the tendency is that they will succeed. In addition, it enables us to attract excellent students that are relevant to our own goals. For instance, we have some courses that other universities do not offer. Like Aeronautics, Entrepreneurial Education. We intend to expand this open House to enable parents all over the country participate.
We’ve been able to create relationship with industries, because that’s really the job of universities. That is, to encourage active participation of industry. For example, we have even created our own new industries in partnership with other industries. We have the Rana power, which is to make solar panel and it will take off soon. We have the Malete Film village, which is absolutely fantastic, in terms of funding which it can give the university, and campus tours and travels, which is a tourist business that can plan your tours to all parts of the world, including accommodation. And these are incorporated companies to make us less dependent on government and assist us in funding our world class standard education delivery, research, collaborations, fund reserve, e.t.c.
We also have our entrepreneurship orientation. This is an entrepreneurial university. I make bold to say that KWASU today is the leading public university in entrepreneurship. We even teach directors all over the world. They come during summer to review curriculum, strategy for delivery, to rub minds and assess where Nigeria is at the moment in entrepreneurship education in higher institution, involving directors of polytechnics, colleges of education. We’ve become a centre of entrepreneurial education in tertiary education in Nigeria.
We’ve also gone beyond that as we’ve introduced entrepreneurial education in such a way that our students are entrepreneurs, whether you do engineering or Islamic studies. I have said it, that this university will be ready to disown a student if he roams the street after graduation from here; because really we’ve empowered them. We’ve created an entrepreneurial fund, which we are now ready to implement to complement and support any person who is our product looking for funding.
So we can now give them money since before they leave here, they already have a project as they would have tested it, run it because some of them have businesses created while they were students. It’s not about looking for what to do; they’ve already found what to do.
So, if money is the problem, we take from the entrepreneurial fund and partner with them as start up fund. We are creating incubation because these are the future ones, so that some of them may even remain here and practice until they can stand alone before they go.
They would have access to lecturers, facilities, a little bit of an office, secretariat support. You can get all this before you become ready on your own. This is the next stage we are working on.
Also on entrepreneurship, we started a degree programme in entrepreneurship education – which is to produce teachers for secondary schools. We are the only university in Nigeria doing that. That’s why I said we’re the leading university in entrepreneurial studies. We still need to do more, but we are proud of what we’ve achieved.
What are your plans for future?
Now, going into future, we want to set a solid foundation so that it becomes the norm, coming from a state with poor revenue allocation. So, we can’t depend 100 per cent on the government, especially because of our goal in 21st century education, which is world class. So we must have a strong foundation in terms of funding.
We have started KWASU foundation. It’s going to be an independent foundation run by a philanthropist and set of philanthropist as board of trustees and board of directors with day to day fund raising and investment of the fund anywhere in the university.
Also, there will be re-investing of the fund in infrastructure and research according to their decision. For example, grant to lecturers to focus on resolving certain problems of Nigeria or construction of building, and we make our strategic plan available to them. I will be a member, but the members do all they do by themselves. It is independent of the university and government.
This is because our future must be secured and this is the way we go. We also want to go around the world for possibility of fund raising. For instance, the United States has an opportunity to raise fund for charity. A university is recognised as non-profit organisation and a charity in US Law which people can donate to and get tax reducible credit. So, we’ve registered KWASU as a recognised institution in America that can collect tax reducible donations. We’re working with King Bauldwin Foundation, meaning that any friend of Nigeria, Africa, individuals can send donation to the university.
We have set up an office to start writing letters on our activities to people to attract donations and we’ve started receiving statement of account. And we intend doing same in other countries like Canada and UK and the rest so that in addition to the foundation, we can get other means of funding.
We also have Centre for Sponsor projects in the university that encourages academic staff of the university to look for grant from all over the world. The centre gets information all round the globe and disseminate to staff according to their areas of specialisation and their interest for research. They then write grant application and the centre monitor all process to assist the staff and ensure accountability.
As part of future plan, we plan to regenerate and refresh regularly. Most Nigerian universities recycle and this does not leave room for regeneration or renewal. A person that does not go to class regularly becomes Head of department next year, later he becomes the dean and eventually the vice chancellor. How would that university ever change? So, we are planning with the government to advertise our vacant post to the world and allow for competition, from within and outside getting the best for the university and remaining world Class University with this measure of regenerating, renewal and refreshing.
Almost all university in the country just recycle rotten, archaic, myopic academic who thinks once they are professors they don’t need to teach, do research but only want to be in politics or become directors, Vice Chancellor. With this, Nigeria is not developing.
Would you say that governments at various levels have adequately utilised abundant reservoir of knowledge and expertise domicile in Nigerian universities?
No, they have not. What you see is the way they reduce scholars to politicians. Imagine the appointment of a professor as advisers to a chief of staff. It is demeaning of the position, but it is actually the professors that are looking for the positions. They are already archaic as they do nothing after becoming professor. They’d rather be a councillor with a fleet of cars and buildings, rather than being a true academic.
The crisis we have today is because the academic are not true to the profession and government does not see the potentials of the academics. And it’s very sad as both sides have not been fair to Nigeria.
The solution to this is that universities should be true universities and to create wealth. Teaching people is just a small part of job of the university. But that’s the focus and that’s why we have many roaming the streets.
They are taught and issued with certificate but no use for it; because the universities had not concerned themselves to creating wealth by collaborating with industries with helping government. Universities should be able to study local or state governments, have different ideologies that are relevant to Nigeria or reflect with political challenges in the country. And bring out projections.
If you do A, B in terms of tourism, you should be able to take your state to next level of development. There should be options that are out for everyone to know on mass media, so that politicians would know of existence of this document. So that when they are campaigning they have already known some of these ideas from different universities and they would be campaigning on them and promise on what to do. But which university or academic staffers are doing that?
Politicians are doing their own, universities are on their own and Nigeria is suffering. There has to be a synergy, that’s the reality because universities are not in isolation. Many universities of the world have moved since when they are created but we have frozen on same spot. That’s why we’re not competitive and not ranked among world class. It’s sad. University of Ibadan started as world Class University, but that’s gone now. Our politicians should look up to university, while university must go out to help the nation. They must have regular collaboration with industries. They should not ask academics to come to them, academics can only make their knowledge known to industries to help them increase their profits.

Thursday, 6 November 2014

Africa's Young Entrepreneurs & international investors to support & fund young Nigerian entrepreneurs

Are you a young entrepreneur? Are you between the ages of 18-45? Do you require smart business skills training? Does your business require funding? Do you lack capital to start your business?
Or do you have what it takes to move Africa forward?

Africa¹s Young Entrepreneurs brings you, Nigeria Empowerment 2014. An initiative designed to develop young entrepreneurs in Nigeria. 
 

This programme is dedicated to identifying and empowering the next generation of Nigerian entrepreneurs who will shape their country¹s economic and political landscape.
 
 Our goal is to enhance a culture of self-reliance and job creation within the Nigerian economy.
Becoming a participant in this programme is your best opportunity to further your business and kick start your business idea.
 
.All participants will also benefit from an opportunity to be placed on our Web Business Campaign (WBC), an online platform to showcase your business to thousands of investors across the globe.
 
.All participants will receive a free business skills training and mentoring by A.Y.E which will include business plan and proposal coaching.
 
 

.All participants will get a free webinar session with one of America's finest social media expert (Mandi Susman).
 
.A.Y.E to solicit on behalf of every participant requiring international business expansion through their respective embassies
 
.Free Associate membership for all attendees.
 

.All participant will receive the A.Y.E business recognition certificate which will serve as endorsement to enhance and facilitate intra-trade amongst other members.
 
.Free website for all participant to showcase their business or ideas to millions of web audience
 
.Selected entrepreneurs will be granted funds to start up or boost their businesses
 
 .And most of the innovative and viable business ideas will benefit from an all-expense paid trip to Ottawa Canada on a two-weeks business skills training programme.
 
 
 Registration is open from the 1st of September and closes on the 17th of
November 2014. Auditon will hold at the Lagos country club G.R.A ikeja Lagos
state from the 24th to the 29th of November 2014 from 8am - 5pm.
 
To register for the AYEEN  program click here
(http://www.ayeonline.org/index.php?pg=ayeen)

Wednesday, 3 September 2014

Enugu Set To Export Pineapple To Europe

The Enugu State Government would commence the commercial shipment of pineapple to Europe this year, the Commissioner for Information, Mr. Chuks Ugwoke, said on Monday.
Ugwoke, who said this while addressing journalists after the State Executive Council meeting, explained that the commodity would be harvested from the 150-hectare Enugu-San Carlos Pineapple Farm.
Pineapples
The meeting was chaired by Governor Sullivan Chime at the Government House, Enugu.
In addition to the production of pineapple, the commissioner said the council also approved the introduction of banana and livestock, particularly cattle, in the farm, which is jointly owned by the state government and San Carlos, a United States-based farming conglomerate.
The council also approved N880.8m as the state’s equity counterpart contribution for new investments in the farm.
Ugwoke said the council approved another N1.1bn for the completion of construction work on two major inter-local government rural roads in parts of the state.
He added that about N48.8m was approved for the implementation of the health commodity supply component of the 2013 Millennium Development Goals Local Government Track for six local government areas of Awgu, Enugu East, Igbo-Eze South, Nkanu West, Nsukka and Udi.
It is expected that hospital equipment, drugs and other materials needed in health care facilities in the state will be provided with the sum.
Ugwoke similarly said the council directed that a draft bill for a law to upgrade the State College of Agriculture and Agro-Entrepreneurship in Iwollo Oghe to the Enugu State Polytechnic should be forwarded to the state House of Assembly for consideration and possible passage.
According to the commissioner, the bill, if passed into law, and the school, will help to reduce the hardship being faced by many candidates seeking admission into higher institutions in the state and also facilitate the steady and direct in-flow of material and financial resources to the institution from outside the state.

STARTUP: Secrets To Running A Barbing Saloon

Starting a barbing saloon is easy, so says Chime, who owns one around Ologuneru area of Ibadan, Oyo State. His is one of the major barbing saloons in the area. It is decent and well ventilated. But the business can be capital intensive, depending what kind of saloon you’re looking to set up, he says.
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A modest barbing saloon could gulp N170,ooo he says, while a bigger saloon can sink as much as N300,000. He itemises equipment needed for the business as: Two four-by-eight-feet (front and back) mirror - N20,000; a shelf - N50,000; two to three barbing chairs at N50,000 each; original clippers at N12,000 each; clipper treatment – N3,000, 2.7KVA - N35,000; a box of steriliser - N20,000; towel-warmer – N20,000, air conditioner - N75,000; hair/wash hand basin - N10,000; aprons, waste bins, combs, hair cream, shampoo, etc – N20,000.
But all these are just standards, he says. Running a barbing saloon requires much more than setting up a great place, although that is also important. “Your shop has to have the element of human factor. Your shop has to speak to your customers, same as you attitude,” Chime says.
According to him, you have got to have a great relationship with your clients/customers. There is something known as word of mouth advertising. If your clients are happy with your services, they will always come back, not only that, they will also bring a friend and the friend will always bring another friend.
You have to know how to follow the trend. There are new styles and cuts out there, you have got to learn how to stay on top of your game, Chris, who own a barber’s shop in Lagos says. As far as your shop goes, you must have a sound system, a cable TV and your colours must be soothing. “Imagine someone coming in from the hot sun. You want him relaxed before his having his haircut,” Chris adds.

Going a step forward
At-home-services are also a step you give your business an edge, Chris says. You could also set up your shop to sell such things as barbing equipment, accessories and hair care treatments. For instance, you could sell clippers, aftershaves, shaving powder, shaving sticks, etc.

Expertise
Do you need to learn the trade before setting up shop? Chris shrugs and says, “not necessarily.” But if you do know how to give a haircut, that’s definitely an edge, he admits. “What is essential is that you have great stylists with awesome attitude and you’re ready for business.”