Over the next five years, banking revenues from micro-, small-, and medium-sized enterprises (MSMEs) in Nigeria and other emerging markets will grow 20 percent per annum, from $150 billion (N23.7trn) to $367 billion (N57.9trn), with the agric and informal sectors accounting for a significant share of the growth, a McKinsey report shows.
Entrepreneur Today
LEAP Africa forum to address human resource challenges
LEAP Africa, a non-for-profit initiative promoting research on leadership and entrepreneurship development, is set to hold its seventh CEOs forum on May 24 at City Hall in Lagos.
Profitable cottage businesses you can do with little capital
The book, The Authoritative Profitable Cottage Businesses You Can Start With Little Capital, otherwise known as Businesses Without Loans Book (BWLB), contains a collection of wild innovative streetwise business ideas that the cash-strapped unemployed school leavers can conveniently start with as little capital as N10,000 and make from each of them a net profit (income less all operating expenses) of not less than N20,000 weekly guaranteed.
Investing in table water business
The importance of water to humans cannot be overemphasised. It has been discovered that human beings can live without food for more than seven days, whereas, nobody can live for more than seven days without water. In this regard, well packaged water, in hygienic condition, with the approval of appropriate authorities will be automatically consumed.
Passion, a potent driving force for entrepreneurship
Why are the richest men in the world still working? The answer is: We cannot pursue more than we see! Passion is it! Bill Gates will be a good case study in this regard. In his junior year, Gates left Harvard (a university many will give up all they own to attend) to devote his energies to Microsoft, a company he had begun in 1975, with his childhood friend Paul Allen. Very critical to this survey was a statement quoted on the Bill Gates’ Web Site/Biography of Bill Gates: “Guided by a belief that the computer would be a valuable tool on Every Office Desktop and In Every Home, they began developing software for personal computers.
Titus and Tobias Igwe: Delivering speedy food service
Consumption patterns normally contribute greatly to the social and economic policy of the country. In developing countries like Nigeria, the consumption pattern is skewed towards food i.e. food accounts for a higher proportion of the total expenditure, the reason food businesses have become common and important features of urban towns in the country. Apart from providing incomes for those involved, they are a ready source of food for the urban population.
US trade barrier forces Nigeria’s palm oil business into reverse gear
The big opportunity for Nigeria and other developing countries to reap the benefits of the ongoing robust global development for biofuels has suffered a setback.
Supporting small enterprises for optimal production
It is no longer news that small enterprises are vital to all economies – developing and developed. So, when a corporate body comes up with the idea of brainstorming on the issue of how to support these enterprises for optimal production, you know that body is on the right track.
Bank of Industry partners Lagos on funding of SMEs
The Lagos State government is concluding arrangement with the Bank of Industry (BoI) to provide fund for small and medium scale enterprises (SMEs) in the state. Olusola Oworu, the state commissioner for commerce and industry, at a meeting with the bank’s management in Lagos, said the matching fund arrangement became necessary because funding remained a major threat to the growth of SMEs in the country.
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