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Showing posts with label jobs seekers. Show all posts
Showing posts with label jobs seekers. Show all posts

Sunday, 1 May 2016

Nigerian Graduates will have to sacrifice their certificates to get access to CBN small Business loan.

Good news! the central bank of Nigeria have just come up with a loan program for those interested in setting up small and medium businesses in Nigeria, the news is a welcomed one but it has its conditions which is, only those who are in possession of some form of certificate from recognized Nigerian tertiary institutions and those who have a "O" level certificate can benefit from this program.

these are the conditions for getting the Loan as stated by CBN:

The central bank recently came up with a Micro, Small, and Medium Enterprises fund to allow for new businesses to borrow from the fund as start-ups in a bid to create new jobs and curb unemployment.

"this is a new and recent development as it is targeted at the teeming number of unemployed young Nigerians, in the past to get access to such a loan you would need to already have an existing business but however the new guideline released by the Nigerian apex bank CBN have removed this limitation.


   “PFIs are expected to accept charge on fixed and floating assets of the financed projects as collateral for start-ups. Collateral requirement from start-ups by PFIs (DMBs and DFIs) shall be educational certificates such as SSCE, National Diploma (ND), National Certificate of Education (NCE), National Business and Technical Examination Board (NABTEB), Higher National Diploma (HND), University degree (NYSC Certificate where applicable) and a guarantor. "


“The start-ups to access the MSMEDF must present their Bank Verification Number (BVN). Venture Capital Firms (VCFs) that wish to finance start-ups in form of equity participation shall be eligible to access the MSMEDF at 2.0 percent for investment in start-up projects. The collateral for such facility to the VCF shall be bank guarantee. “Incentive shall be offered to PFIs that repay loans as at when due. a) Start-Ups (i) DMBs/DFIs playing in this space, shall access MSMEDF facility at zero percent interest for on-lending at 9.0 percent (all-inclusive) to start-ups. (ii) The PFIs shall qualify for a 50 percent risk shared on the net outstanding balance in the case of default. b) Other Incentives Microfinance Banks with PAR of 10 percent and below shall be exempted from providing financial assets as collateral to access facility under the MSMEDF.”


you ask me steve what do you think? should i use my Certificate as a collateral for a loan? what if my business idea does not work?

well what i think is, if you cannot responsibly manage your business and repay the loan given to you for start up then you have no business looking for a job in another man's Business.

we actually announced last year that the CBN governor was saying something about small business loan during the 7th annual bankers retreat, well this is the much awaited program it is a very attractive loan scheme if you ask me but na only few die hard enterpreneurs like me go fit get mind drop certificate for ground use carry loan enter business.

Friday, 29 May 2015

SET UP YOUR LOCAL LIQUID SOAP PRODUCTION COMPANY WITH LESS THAN 5000 NAIRA( entrepreneurs)

How a liquid soap production company could be started from a tiny kitchen.
a staff at Shola's soap making factory
1The dream of most new graduates is to work in a profitable and reputable Company or institution, but that is not the case for Olushola Ogundamisi. A graduate of Agric from the University of Benin(uniben). For Olushola his dream was to set up a soap making company that would rival the big names in the production of soap in Nigeria, This Dream was what later saw the birth of "SHOLA" the name of his local soap making business which he started from the tiny kitchen of his little self contain apartment. He started off supplying unlabeled "SHOLA" liquid soap to his co-tenants and coursemates, he did this patiently for a better part of his days in the university just earning enough to keep the business going. but according to him the light shined on his way in his fourth year in school, when through some stroke of good luck his product got into the right hand and he was asked to supply the universities sanitation department with his product. at this point in time Shola needed to employ more hands in the production and distribution so he employed a part time staff( his landord's son) to help him with the production and distribution of the soap. with more income comes more responsibility so on 0ctober 20th 2013 Shola registered his company in the Nigerian coperate affairs commission, he got his NAFDAC registration that same year and became the CEO of a registered Nigerian Company just Two weeks after his Formal Graduation from the University.

In Our exclusive interview with Shola in His liquid soap making factory In The Ancient City of Benin Our main focus was how did you get here? We where able to collect enough information from Shola to hep you set up your make shift soap making company.

HOW TO PRODUCE LIQUID DETERGENT/SOAP LOCALLY.
Liquid soap as the name implies, is soap in liquid form. It is a cleansing agent and it is a multi-purpose cleanser.
Liquid soap is also known as liquid detergent. It has the ability to emulsify oils and hold dirt in suspension. Liquid detergents (Soap) share same properties with solid detergents. A detergent is expected to consist of the surface-active agents or ingredients which are the essential ingredients and subsidiary ingredients (supplementing ingredients).
In all detergents, the surface-active agent forms the most important part of the detergent. All the ingredients needed in the production of liquid soap (liquid detergents) will be listed here.

Note: in this lesson we hope to learn a multi-purpose liquid soap. That is, one that can be used for basic cleansing like: washing of plates, cars, laundry etc.

Equipments and Materials Needed for the Local production of Liquid Soap.
Materials (chemicals) Needed For The Production Of 20 Litres Of Liquid Detergent (soap)




  • Sulphonic acid..............1 litre





  • Soda ash...................1/2 tin milk cup





  • Texapon...........................5-6 teaspoonfuls





  • Formaline........................5-7 teaspoonfuls (optional)





  • Perfume(Fragrance)........as desired.





  • SLS. (Sodium laurate sulphate)..........................5-6 teaspoonfuls





  • S.T.P.P (sodium Tripolyphosphate).............5-6 teaspoonfuls,





  • Colorant.................as desired





  • Water........................19 litres

  • THE APPARATUS (TOOLS) NEEDED




  • Containers (Plastic bowls)





  • Hand gloves





  • Nose mask





  • Stirring rod (Turning Stick)

  • METHOD OF PREPARATION
    -Dissolve the caustic soda with 1 litre of water and allow to stay for 30 minutes to 1hr or over night.

    -Dissolve soda ash in 1 litre of water and allow to stay for 30min/hr or over night.

    -Get your sulphonic acid, pour inside an empty bowl, and add your perfume (fragrance) to it and the texapoon, then add like 3-4 litres of water and stir very well for about 5 - 10 minutes.

    -Dissolve the SLS with 2 tin milk cups of water

    -Dissolve the STPP with 2 tin milk cups of water also

    -Get the Nitrosol but if it is C.M.C you’re using, make sure it is dissolved 2 days to the preparation of the soap with 4-5 litres of water. If you are using Nitrosol, it's used instantly (as in, no need soaking it down).

    PREPARATION
    -Get the Nitrosol that has been dissolved in water or the C.MC. that has been dissolved 2 days to the preparation of the soap.

    -Add the dissolved sulphonic acid, texapon and perfume to either the Nitrosol or C.MC depending on the one you are using and stir very well.

    -Add the already dissolved caustic Soda and stir very well.
    Add the already dissolved soda ash and stir properly.

    -Add formalin to the content and stir properly.

    -Add the dissolved S.T.P.P and stir.

    -Add the dissolved SLS to the content.
    stir thoroughly for smoothness and blend

    -Dissolve your colourant in water and ensure that the colourant is completely dissolved, then add it to the solution and stir thoroughly.

    -Add some quantity of water to the mixture, depending on the thickness of the mixture.
    Leave the mixture for some hours or preferably till the following day and then package for use or for sale.








    Packaging options(pics)

    labeled pet bottles filled with liquid soaps for sale

    bottled water cans filled with liquid soap for sale.





    Join our watsapp Graduate connect group where Nigerian Graduates meet to exchange informations,contacts and money making ideas. we ve recorded a lot of testimonies from group members who have either gotten a good

    Wednesday, 27 May 2015

    YOUR PERSONALITY AND HOW IT AFFECTS YOUR CAREER(FOR NEW GRADUATES)

    Many people have a misconception about the term follow your passion and most people see this to mean "start your own business" but this is very very wrong.

    You can work in an established institution doing what you are passionate about and as long as your profession in that organization is en-sync with your passion,you will discover how very