Friday, August 14, 2015

Business News Edition:Inflation rate remains 9.2%


The National Bureau of Statistics on Wednesday released the Consumer Price Index for July 2015, stating that the nation’s inflation rate had remained unchanged at 9.2 per cent.

The actual CPI released by the bureau came against experts’ forecast, which had predicted that the rate could increase to 9.4 per cent.

In the CPI report, which was made available to our correspondent, the bureau said the 9.2 per cent figure was the same rate at which the index grew in June.

The report said, “In July, the CPI, which measures inflation, rose by 9.2 per cent (year-on-year), unchanged from the rate recorded in June.

“The headline index has held at the same rate for the second consecutive month as a result of muted rises in the food and non-alcoholic beverages, housing, water, electricity, gas and fuel, among others.”
On a month-on-month basis, the report said the pace of the increase in the headline index eased for the second consecutive month, increasing by 0.7 per cent in July, from 0.9 per cent recorded in June.

It stated that the urban index increased by 9.2 per cent (year-on-year), also relatively unchanged from the rate recorded in June, while the rural index increased marginally by 9.2 per cent, from 9.1 per cent in June.

On a month-on- month basis, both the urban and rural indices increased by 0.7 per cent, lower from 0.9 per cent recoded in June.

Meanwhile, the bureau also released the petrol price watch for the month of July, which showed that the average price that consumers paid for the petroleum product was N107.4 per litre as against the approved pump price of N87 per litre.

The report, which was also made available to our correspondent, was based on the actual amount spent by households in the purchase of petrol across the country.

[Punch]

Business News:Naira firms on parallel market as CBN sells dollars...


The Central Bank of Nigeria (CBN) sold $80 million to bureaux de change (BDC) operators on Wednesday at N197 to a dollar. This helped to strengthen the nation’s currency on the parallel market, the president of the association of forex dealers said.

The naira was quoted at N221 on the parallel market, up 1.36 per cent on the day, after dollar liquidity rose, traders said. On the interbank market, the naira ended at the bank’s pegged rate of N197 to the dollar.

President of the Association of Bureaux de Change Operators of Nigeria, Aminu Gwadabe, told Reuters that the central bank commenced the sale of dollars twice weekly to BDCs since last week.
Meanwhile, the Committee of e-Banking Industry Heads (CeBIH) said its attention had been drawn to the confusion created in the public domain as regards the imposition of limits on cash withdrawals from ATM terminal across the country.

The Chairman, CeBIH, Tunde Kuponiyi, explained that the newly introduced limits by the CBN was applicable only to holders of naira denominated cards who use their cards for cash withdrawals abroad. For such customers, the CBN has imposed a limit of $300 per day and an annual limit of $50,000 on such customers. The directive was contained in a circular issued recently by the CBN.

 “It should be noted that this limit does not apply to the withdrawal of Naira from ATMs within the country. The limit for withdrawal of naira is set by the individual banks in line with the bank’s corporate operative procedure.It is also to be noted that the limits are not applicable to PoS and online purchases. Customers are hereby enjoined to confirm what the limits are in their various banks,” he added.

[ThisDay]

Business News Edition:Egbin Power boosts electricity generation by 1,100MW Egbin Power boosts electricity generation by 1,100MW




The Chief Executive Officer of Egbin Power Plc, Mr. Dallas Peavey, has stated that the plant has hit a generation capacity of 1,100 megawatts, thus accounting for almost one-third of the current improvement in power supply across the country.

Peavy attributed the recent ramp-up of Egbin’s capacity to continuous investment and revamp of the plant by its new owners, Sahara Power Group and the Korea Electric Power Corporation (KEPCO).

In a related development, President Muhammadu Buhari, yesterday said  his government had already identified the critical problems in Nigeria’s power sector and was taking appropriate actions to address them.
Peavey in a statement said when the new owners took over in November 2013, generation at Egbin averaged 500 megawatts due to the dismal state of its six units, with only two of the six units operational at the plant’s lowest point.

According to him, the last time the power plant hit the 1,000MW mark was eight years ago, adding that this peak lasted for less than two hours.

He said the transformation in Egbin commenced after its acquisition by Kepco Energy Resource Limited (KERL), in collaboration with its technical partners, Korea Electric Power Corporation (KEPCO).
“Through the injection of close to N50 billion in new capital into Egbin post privatisation, the Sahara Power/KEPCO partnership has brought to the power plant, an unprecedented level of innovation, professionalism, human capital development and continuing investment in new technology. The control room panels, installed at the plant’s inception have been removed and upgraded to state of the art digital panels.

The highlight of the main plant rehabilitation occurred in the first quarter of 2015, when the company successfully rehabilitated ST Unit 6, bringing an additional 220MW to the national grid and restoring the power plant to its installed capacity of 1320MW,” Peavy explained.

With these developments, Peavy said the plant was equipped to generate power at its installed 1,320MW capacity,  while the new owners was exploring expansion in power generation to hit 2, 670 megawatts, subject to availability of gas, additional transmission capacity and improved demand for power.
Peavey said the new owners had developed a roadmap for consistent retooling and re-positioning of the company to conform to the latest technology and ensure optimal performance.

“In 2014, 107 young Nigerian graduate engineers were recruited into our Graduate Engineering Programme (GEP), a fast track manpower and developmental programme for high potential individuals. In the true spirit of national development, the engineers were sent to the National Power Training Institute of Nigeria (NAPTIN) for a year’s training under the Graduate Skills Development Programme. They have since graduated and we are excited to receive them back to contribute their quota in strengthening the sector,’’ he added.

Giving a breakdown of gas supply to the plant, Peavy stated that the power plant received 3.5 million scf in January, 2.8 million standard cubic feet per day (Scf/d) in February; 3.1 million scf/d in March, 2.8 million scf/d in April, 2.4 million scf/d in May, 4.0 million scf/d in June and 6.1 million scf/d in July.

Peavy added that Egbin Power is currently the only facility plant that provides over 150MW of spinning reserve, Grid System Frequency and Voltage Ampere Reactive (VAR) Power control which provides the Transmission Company of Nigeria (TCN) the means to balance supply across Nigeria.

According to him, Egbin also provides the balance of power generation and system electrical control to the Nigerian National Steel Mills in Lagos, adding that this takes the balance of power to keep the system in positive generation.

Meanwhile, Buhari who spoke after he was  briefed by the Permanent Secretary, Federal Ministry of Power, Ambassador Godknows Igali, said his administration would give the fullest possible attention to boosting power supply in Nigeria because it was convinced that steady electricity would launch the country into faster socio-economic development.

A statement by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, quoted  Buhari   as saying that his administration had also prioritized certain measures in its action plan to  boost electricity supply in Nigeria.

The president said: “The problems besetting our power sector are not difficult to identify. Therefore, priorities can be easily set in order to tackle them.

“The problems are more with transmission than generation, and we equally need to secure the power infrastructure round the country.

“We will address all these issues,” the president said.
Igali reportedly told the president that power generation in Nigeria which was 1,750 MW in 1999,  had now peaked at 4,600 MW.

He added that gas was available to take generation to 5,500 MW in a short time, but that the country needed to expand its electricity infrastructure to accommodate additional power generation.
On his way out of the State House, Igali told the level of power generation had improved in the past two months significantly.

He said: “We are doing over 4600 megawatts of power on the grid and we can do better. But then this is a big improvement from about 3,000. Other times when we attained 4,000, because of pipeline disruptions we go down to about 2000. We’ve consistently in the past two months been over 4,500, now reaching close to 4,700.”

Igali said  that Nigerians were tired of paying estimated electricity bills and that his ministry had been on the neck of the distribution companies (Discos) to provide meters to their consumers.
He said “Distribution remains a challenge because that’s where customers feel it most. A lot of the Discos, we’re working with them very closely, tracking them, to make sure that what is needed at the distribution level is done.

“They must improve on their network, they must improve on the availability of transformers and the supply of meters because Nigerians are tired of estimated billing. So we’ve been working closely with them, tracking them, and sometimes even imposing fines.”

Asked what his ministry is doing to check excessive billing by the power companies, Igali said: “These are things that will be discussed. The Senate discussed it, NERC chairman met me this morning asking to know what measures we can take to be able to address the concerns being raised by Nigerians, genuine concerns because if light is not there and then you see the bills all the time, it’s not a very good thing.

“So we’ve discussed with chairman of NERC and these matters are being addressed and very soon NERC will be reating to what the Senate had said. We would also go to discuss with the Senate to enlighten them a little bit more on how this process, the value chain of the power supply.

“Electricity supply is mostly now in the hands of  private sector. If its in the hands of the private sector, then it means that the private sector people must bring in copious investment, a lot of investment, into the sector. And if they must bring in investment, then it means that they must earn revenue to be able to bring in investment. It’s a chicken and eggs situation. If the power supply situation must improve, especially at the distribution level, they must provide transformers, they must provide switch gears, they must provide meters.”

[ThisDay]

Thursday, August 13, 2015

Refuse to Be A Lover Of Comfort Cos Comfort Kills Ambition…


Your Comfort Zone is your region of familiarity. Your preferred way of doing things, or responding to situations, or your daily habits and patterns. You’re so familiar that it has become sub-concsious in the way you live your life – you develop a rountine. While your CZ is a good Servant (you don’t need to keep reminding yourself to do certain tasks everyday, you just let habit take over), it is a bad Master (when you allow it to lead your life, because it gets you no where!).

All growth and development is found in the outer regions of your comfort zone. We call this the Stretch Zone. It is uncomfortable, but you achieve new learning in the end. Most don’t get to this region unless circumstances force them into it, or push them out of their CZ. We start off kicking and screaming, but after that get used to the discomfort. When we reflect back, we realise it wasn’t all that bad, the temporary discomfort forced us to innovate, think out of the box, learn new skills, adapt quickly, and challenged us to do things we never thought possible before…At least not when we were in our CZ.

So how do great leaders get out of their CZs? Do they always wait for ‘something’ to happen to them to force them out? I suggest that there is better way to get into the Stretch Zone – by way of a ‘Pull Factor’. In contrast to the Push Factor, the Pull Factor is an external ‘force’ that draws or pulls us out of our CZs towards its direction. Great leaders always peer into the outside and unknown, and start dreaming of their desired future state. They are ambitious and they have ambitions. They then concretize that dream into a compelling Vision. The clearer the vision, the more real it becomes to them.

But these leaders do not just stop there. Otherwise it will just remain a dream. Worse, the vision becomes such a burden of impossibility, that we begin to entertain self-doubt and defeating thoughts. For some people, it becomes so negative that they become anxious and stressed. This state is also refered to as the Panic Zone, where we can’t conceive ourselves being so far away from our CZ. We fear the unknown, and we perceive ourselves as being out of control.

So what do great leaders do next? They take steps to strategise and make plans. They start plotting a trajectory that links their CZ (where they are currently at) to their Vision (where they want to end up at).

They develop a Mission or road-map towards it. This road-map is filled with Goals. Long-range goals, mid and short term goals, all lining up in a common direction toward that ever compelling Vision. Then, they start taking Action, and inch their way, bit by bit, towards achieving each step. It’s not a smooth journey. They face obstacles, challenges. They fall and fail sometimes. But great leaders pick themselves up again. They grit their teeth and buckle themselves to trudge forward again. Their Vision keeps them going, because there is a clear destinaion at the end. And with each accomplished goal that stretches them, they build momentum like a train picking up speed. Great leaders refuse to back down. Instead, they refer back to their Vision over and over again. The Vision helps to inspire them, energise them, and motivate them to look and move ahead.

They keep at what they commited themselves to do, and slowly but surely, they taste the sweet success of a Vision reached!

So, let’s remind ourselves today to get uncomfortable and get used to it in your pursuit of your dreams!
 Culled From glennlimthots.wordpress.com

Tuesday, August 11, 2015

OPEN FAST:Giveaway Of The Week--- "Blogging To The Bank" ---Content Peep Inside!!!

Hallo,download our giveaway of the week,below is the content peep,believe me this book will be of immense value to you.

Click here to download


Click the link below to download.

Click here to download







Sunday, August 09, 2015

Plantain Business:Make N200,000 Per Acre Of Land Yearly For 25 Years Planting Just Once


In a list of ten top profitable farm businesses to venture into in Nigeria, plantain farming will certainly be part of it.

The reason is not far-fetched! Plantain is one of the most highly demanded food crops across the country all year round. It appeals to almost everyone because of the different forms by which it can be eaten. While some people, especially those working on their blood sugar levels, prefer eating the unripe form of it, others like it ripe.

Plantain combines well with other foods, such as rice, beans, and groundnuts, making it a delight for both children and adults.

It can also be processed into chips and flour with enormous export potential.

In addition to the huge local demand, plantain farming is highly lucrative as a result of the ease and low cost of farming.

SuccessDigest decided to take a look at this money-spinning crop this week and got two successful farmers and consultants to share their experience in plantain farming with our readers. They didn’t disappoint, they revealed valuable information about plantain farming, and one of them even disclosed how he built a house from the business to show how lucrative it is.

Here are our experts: Lamson Opeyemi, is the CEO, Farm Business Setup Venture, and also a consultant in plantain farming; Olumakinde Oni, is the Chief Consultant/Chief Executive of Nucleus

Ventures (Nigeria) Limited, a firm of investment consultants in agriculture, agro processing, food processing, manufacturing, commence, and trade.
Enjoy the interview.

A Few Guidelines In Growing Plantain And Starting A Plantain Farm
Lamson Opeyemi: The first thing to consider in starting a plantain farm is to look for a place with the right climate. Plantain cannot thrive in an environment that is too hot or too cold. The plantain plantation must have a good drainage system. A place with rich, naturally fertilized soil is the ideal place for planting plantains. If such is not available, one can create compost and add chicken manure.

Plantain plants also grow best in bunches or groups because they protect each other from the harsh rays of the sun. It is important to create an environment where the plantain plants are sheltered either because they are bunched up together or there are other trees to protect them. It is important to maintain the humidity of the plantain plantation.

Considering that a plantain plant is not a tree but a type of herb, they cannot actually be grown from seeds like most trees. Plantain plants are grown through suckers. Suckers are those that grow from a matured and dying plantain plant that can be transplanted and re-grown. They may be considered as baby plants that are used to start new plantain plants. Choose suckers from plants that are vigorous. They should have small, spear shaped leaves and are about one foot high.

There is a corm at the bottom of each mature plantain tree. In transplanting a sucker, it is necessary to cut downwards and get as much corm and root as possible. Plant these and cut or decapitate the sucker to facilitate good evaporation.

Keep around two to five meters between planted suckers. In the early days of your plant, keep them moist but not too wet as they don’t have leaves yet to evaporate the water.
As the plantain grows, it is important to protect it from strong winds. It is also important to keep it well watered. One can also sprinkle fertilizers every now and then but mostly throwing the plantain dead leaves back into the plant is enough to sustain the rich quality of the soil.

Unlike other trees, plantain do not need complicated pruning. Just remove dead leaves and dead plants near the plantain. Also, remove suckers from the plant keeping only one or two that have spear shaped leaves. You can replant removed suckers if you have space to plant them.

Plantain production in Africa is estimated at more than 50% of worldwide production. The majority (82%) of plantains in Africa are produced in the area stretching from the lowlands of Guinea and Liberia to the central basin of the Democratic Republic of Congo.

West and Central Africa contribute 61 and 21% respectively (FAO). It is estimated that about 70 million people in West and Central Africa derive more than 25% of their carbohydrates from plantains, making them one of the most important sources of food energy throughout the African lowland humid forest zone.

Nigeria is one of the largest plantain producing countries in the world. Despite its prominence, Nigeria does not feature among plantain exporting nations because it produces more for local consumption than for export. National per capita consumption figures show its importance relative to other starch staples. However, these figures do not show regional reliance, which is often very important for highly perishable crops that are usually consumed in or near areas of production.

The consumption of plantain has risen tremendously in Nigeria in recent years because of the rapidly increasing urbanization and the great demand for easy and convenient foods by the non-farming urban populations. Besides being the staple for many people in more humid regions, plantain is a delicacy and favored snack for people even in other ecologies. A growing industry, mainly plantain chips, is believed to be responsible for the high demand being experienced now in the country.

The demand for plantain within the country is high, with supply struggling because few Nigerians are into commercial farming, urban development has made a lot of people to abandon farming for white collar jobs, jobs that are not even available.

How Much Do I Need To Start A Plantain Farm?
Olumakinde Oni, You need about N400, 000 to set up one acre plantain farm. But if you already have a farmland of that size you may not spend up to that amount and this amount includes the cost of the suckers and labour to clear the farm land as the need arises before your first harvest.

The beauty about plantain farming is that, you only need to do the very first and final planting unless you have a new area you wish to replant the plantain in, because once you plant the first sucker you will not have to cut and replant. That one sucker can keep producing for the next 25years or more if you properly maintain the farm.

What Are The Best Breeds That We Have?
There are many breeds of plantain, but the most appropriate to be cultivated is called “hybrid agbagba”  the giant elephant plantain specie.

Plantain maintenance activities before harvesting involves heaping around the plantain suckers, mulching, regular weeding, removal of unwanted suckers, herbicides and fertilizer application.

This is the major breed that is common around here, but sometimes you see some look healthier than others and you will be wondering what has happened. Those that may look unhealthy might be as a result of bad weather, under-matured before harvest; invasion by pests can also be responsible.

How Lucrative Is Plantain Farming Business?
Lamson Opeyemi, Plantain farming business is very lucrative, you can make as much as N200, 000 from one acre of plantain farm on yearly basis.  You can make this for over 25 years if you maintain the farm very well. 

The demands for plantain are very high because plantain is consumed by almost everybody.  You can eat it unripe or ripe, and you can process it into flour or chips.  It also has high export potentials.

Plantain is a very lucrative business, a bunch of plantain costs N1,400, some could be sold for higher prices, and to market women directly. Now imagine how much N1, 400 multiplied by 1,000 plantain bunches, that is a whooping sum of N1.4million, however, don’t forget there are expenditures like cost of renting of land, clearing of bush, and payment to security guides.

Talking about how lucrative this plantain farming business is, in the last 7years since I started farming plantain, I have been able to change my lifestyle to a desired lifestyle, living comfortably; and I have been able to build a house for myself and live a good life, all to the glory of God.

What Kind Of Soil Must A Farmer Plant Plantain To Get Good Yields?
The farmer needs soil that retains water because plantain needs water, that’s why banana plantations here are irrigated. Local farmers may not have the means to carry out irrigation so they should look for soils that retain water and have a good humus layer.

They should always improvise by incorporating animal manure to the soil to improve on the humus and texture of the soil to retain water.

Farmers Complain That After A Few Harvests, Plantains Don’t Do Well Again, What’s The Problem?
This is caused by nematodes and borers’ attacks, which make plantains to dry off; all of these are soil pests. So, to control these pests, a farmer needs to apply nematicides twice a year. They can use MOCAP bastion and it will be good to have a permanent calendar. It is good to apply in April and again in September. If this is well followed, you will stop this effect. You know that the nematodes and borers attack plantains more, not bananas. That’s why banana stems which were cultivated by our parents long in the 50s are still surviving.

Can Somebody Make Plantain Or Banana Farming A Business In Nigeria?
Sure! Plantain/bananas growing is a big business in Nigeria. Plantain farming involves planting, maintenance, and harvesting of plantain for the purpose of providing food and raw materials for industries that readily utilize plantain to produce other food products.

The first thing is that if you are going for mass production, you should look for a market, and here in Nigeria we have a ready market. There is also the Muea market in Cameroon, which is one of the biggest markets in the sub region because buyers come from Yaounde, Douala, Equatorial Guinea, Gabon, etc. to buy plantains and other food stuff.

Here in Lagos, Nigeria, the market is even more, there are popular plantain markets in Idi-Oro, Mushin, Mile 12, and Ketu, where hundreds of trucks loads of plantain are sold on a daily bases.
Because of this, the demand for plantain seedlings is very high since people have realized that it is a big business and are ready to open big plantations. The main problem here is getting the suckers to plant. This also opens opportunities for people to go into the production of plantain and bananas seedlings business.

How Can One Get Suckers Or Seedlings To Buy?
You can get from established plantain farming companies like Sedulus Plantain Farming in Moniya, Ibadan. A sucker usually sells for N120 or thereabout.

You can also contact your state ministry of agriculture for suckers or seedlings, and the International Institute of Tropical Agriculture, IITA, Otta, Ogun State, which have done quite a lot of research to assist farmers with quality seedlings.

After getting the suckers, you need to multiply them by using tissue culture. The method involves culturing or growing the tissue or part of the plant in a special medium with hormones that induce the multiplication of the suckers after three weeks instead of a year's duration under natural conditions.

What Are The Nutritive Elements In Plantains That Attract People?
We know that plantain contains iron, carbohydrates, proteins, vitamin C, B1 and B2, and has other minerals which are very good for the body.

How Can Plantain Suckers Be Sterilized Before Planting?
After preparing your suckers, you need to treat them with both insecticides and fungicides. Use a sachet of any of the chemicals in 15 liters of water, stir very well to avoid lumps, put the suckers already prepared for planting in the propagator with the mixture for 10 minutes. You can remove and put under a shade for 24 hours before planting.

After Propagation How Can A Farmer Plant Well To Have Good Yields?
If you follow all the above outlined steps, then remove your suckers well from the propagator and take them to a nursery.

In about six weeks, you will have good seedlings that will give you good yields. This means that from the propagator to the farm you can take just about two and a half to three months to have enough seedlings.

When Is The Best Time To Plant For Maximum Yield?
Olumakinde Oni, The best time to start planting for profit is between April and September when plantain is not produced much.  You have plenty of plantains from November to March.

The demand for plantain is very high because it is consumed by almost everybody.  You can eat it unripe or ripe, and you can process it into flour or chips.  It also has high export potentials.

The benefits of plantain include food security, job creation, income generation, self sufficiency, and self reliance. It also provides the needed energy, vitamins, and minerals to the body. Plantain flour is a very good food for diabetic patients.

You need to keep plantain in a place where they can get enough air and sunlight before selling.  If you want to keep them in boxes or containers, they have to be perforated.

What Are The Major Challenges Faced By Plantain Farmers And How Can They Overcome They?
The major challenges of plantain farming are pilfering and regular maintenance.

 Also, transportation to and from the farm to get the goods out of the farm is a big challenge. The roads leading to most farms are very bad and once it rains they become impassable, that you have to look for alternative ways to move the produce out of the bush.

You need to be brave when you encounter any of these challenges out there in the forest. Challenges are meant to come but what make you a success or a failure is how you overcome them. In life, there is a solution to every problem, locating the solution for the immediate problem you are facing in that farm now will determine your success.

What Is Your Advice To Plantain Farmers Or Would-Be Farmers?
My advice to plantain farmers is that they should not stay away from their farms. Plantain plantations require adequate maintenance and security.
Also, as a farmer, you need to be more creative to add value to the product, like making of plantain chips and plantain flour with your produce, which will even make more money for you.

How To Produce Quality Plantain Seedlings
In plantain farming, it is important to use quality seedlings devoid of diseases to be sure of having your plants producing for you for many years, up to 25 years. With a diseased seedling, the plant might not do more than two years.

Below is a guide to producing quality seedlings using the detached corm techniques, demonstrated by E. Njukwe, A. Tenkouano, and D. Amah of the International Institute of Tropical Agriculture, IITA.

Detached corm techniques are currently promoted by IITA because of higher numbers of seedlings produced and uniformity in growth while being less prone to post-establishment stress in the field.

Detached corm techniques include: whole corm, split corm, excised buds, meristem-drilling and PIF (plants issus de fragments de tiges). These techniques are simple (easy-to-grasp), cheap to establish with minimum investment to set up germination chambers and weaning facilities.

Steps in detached corm techniques
A) Propagators
Propagators should be constructed with cheap materials under 50% shades and well protected measuring 1.5m x 5m x 1m high. Enterprising seed producers could use iron rods and concrete floor. Propagators should be kept clean and completely covered with transparent polyethylene sheets. Humidity and temperature should be monitored.

B) Filling of chambers
Propagation chambers are filled ¾ way full with steam sterilized fine sawdust.

C) Type of Suckers used
Healthy sword and maiden suckers or about to flower and already harvested plants free from weevil infestation are used.

Techniques and corresponding sucker type
PIF, Sword sucker. The meristem is present while buds are absent. Propagation is by meristem manipulation. Meristem drilling, Maiden sucker. The meristem and buds are present but its meristem drilled. Propagation is by bud manipulation.

Whole corm, Split corm and Excised buds, About to flower or already harvested corm. The meristem is absent while buds are present. Propagation is by bud manipulation.

D) Suckers and techniques
Sword suckers: Good for PIF
Mother corm: Good for whole corm, split corm and excised buds
Maiden sucker: Good for corm drilling
Shoots from bud

E) Sucker preparation and planting
Harvested sucker is trimmed off its roots and washed to remove plant and soil debris. Outer leaf sheaths are removed 2mm above the corm at leaf base with a sharp knife to expose all buds and/or meristem. Prepared corm is surface sterilized for 20 min in fungicide mixture, buds scarified and air dried for 24 hours.

With  whole corm, the entire corm is planted in the chamber or fragmented into 2 or more bits as the case with split corm. With excised buds, buds are cut out in minisetts of about 50-100g each before sterilization and planting. With corm drilling, the meristem is drilled while in PIF, the corm is pared, sterilized and apical meristem scarified or fragmented longitudinally into 2 or 4 bits before planting.

Prepared corms are planted at 10cm interval and cover with 2cm layer of saw dust. PIF fragments are planted with the cut portion (meristem) facing up. The chamber is well watered immediately and thereafter watering is done 2-3 times a week.

F) Propagator management
  • Watering should be done only when necessary especially when poly sheets are dried.
  • Large shoots should be manipulated (scarified) to obtain secondary plantlets.
  • Shoots having 2-3 small leaves should be detached to poly pots with roots or rooting chambers without roots but with little portion of corm for nutrient reserve. Clean environment should be maintained.
  •  
  •   G) Potting mixture preparation
  • Potting substrate include: top soil, saw dust, coffee husk, cocoa husk, rice husk and oilpalm fiber that is mixed in different proportions and should be prepared in advance. Top soil mixed with saw dust and composted organic matter at 6:3:1 ratio is preferred.
The soil mixture is steam sterilized for 12 hours in a drum. An old oil drum, modified by welding iron cross bars at about 20 cm from the bottom is used for steaming. Steam is prevented from escaping from the mixture when heating. After sterilization, the mixture should be allowed to cool for 24 hours before use.

H) Rooting and acclimatization
Detached plantlets are sorted and those without roots are planted in rooting chambers for rooting while those with roots are transferred to poly pots for acclimatization. Movement of plantlets to distant nurseries for acclimatization should be in humid transparent polythene bags.
 
  • 17cm x 24cm black poly bag is used for potting.
  • Acclimatization is under atmospheric condition of 25 – 27 C.
  • Shade should be 2m high for proper lighting and management. Watering should be 4 times a week.
Culled From SuccessDigestOnline.

How to Advertise On Our Site For Free…For Twenty People Per Month



As one of the ways Naira Entrepreneur will like to use in helping people, we have decided to give just 20 people this opportunity---To advertise on Naira Entrepreneur’s blog for free on monthly basis.
This is ultimately free but with Just Three conditions.
1. You must be an active participant of Our Facebook group.
2. You must have at least five hundred friends on Facebook or twitter.
3. You must watch out and share our posts on daily basis on your social media especially facebook and/or twitter timeline.
Don't forget when you share our posts you are indirectly not only giving people the opportunity to view or learn from our useful business tips but also you are giving alot the opportunity to see your advert too,so you see doing this will do you alot of favor.
Take advantage of this opportunity to boost your business to another level.

Wednesday, August 05, 2015

Get Creative,That Job You Seek Might Not Be Your Destiny:Apple Inc.Buys Nigerian Born Chinedu Echeruo’s Hopstop.com For $1 Billion



Happy day everybody...hope you are chilling well,I recently heard of a story of a man Brian Action by name who was turned down by alot of company,even by facebook when he was looking for job.

This same man went on an cofounded Whatsapp and can you believe that the same facebook that rejected this man was also the same facebook that bought his company whatsapp for a whooping $19billion.


Now comes a Nigerian born Chinedu Echeruo who also that built a company,that was eventually bought by Apple.com for around a sum of $1billion.If you are still there carrying your certificate up and down my dear that might not be your destiny,I guess God has something bigger than just a pay job in stock for you.

Try something different from looking for a job,possibly start a company...Brain Action,Chinedu Echeruo and a whole others started their one day.

Now read about Chinedu Echeruo,

Apple has acquired Chinedu Echeruo’s HopStop.com, The Wall Street Journal’s publication,

AllThingsDigital reports. Founded in 2005, HopStop.com makes mobile applications for both iOS and Android that covers over 300 cities and that helps people get directions or find nearby subway stations and bus stops. Terms of the deal have not been disclosed as at the time of this publication.

Chinedu Echeruo, formerly an analyst at investment banks and hedge funds founded HopStop in 2005.

Echeruo is now Chairman of the Board for HopStop.

HopStop has oft been compared to Israel’s Waze which was recently acquired by Google for $1 billion. The move is seen as Apple’s plan to bolster its map offering especially given Google’s recent acquisition of Waze.

A serial entrepreneur, Chinedu Echeruo grew up in Eastern Nigeria and attended Kings College, Lagos. He attended Syracuse University and the Harvard Business School in the United States and founded HopStop.com after working for several years in the Mergers & Acquisitions and Leveraged Finance groups of J.P Morgan Chase where he was involved in a broad range of M&A, Financing and Private Equity transactions.

He also worked at AM Investment Partners, a $500 million volatility-driven convertible bond arbitrage hedge fund.

He founded and raised nearly $8 million for his two U.S based internet companies; Hopstop.com and Tripology.com. Tripology.com was acquired in 2010 by American travel and navigation information company, Rand McNally. He was named Black Enterprise Magazine’s Small Business Innovator of the year and listed in the magazine’s Top 40 under 40 and is currently a partner and head of the Principal Investing group at Constant Capital, a West Africa based investment bank.
True to form, Echeruo is working on yet another venture but this time, focused on small businesses in Africa. Check out a video of Chinedu Echeruo below at last year’s TedxIkoyi where he talks about his latest project for small businesses in Africa; “crowd sourced business in a box.”

According to him:
“There is no reason why every entrepreneur should have to reinvent the wheel every single time in all the countries in Africa. My idea is to essentially to have one place where a budding entrepreneur can access a template for starting a business, and then customize it to suit their own situation. Essentially a business-in-a-box.”

Tuesday, August 04, 2015

Success Can Come at Any Age. Just Look at These 6 Successful Entrepreneurs.

 Based on the way startups are covered in the media today, it’s easy to feel like all founders are in their teens or 20s. Stories abound of young millionaires and entrepreneur teenagers, but that’s only part of the picture. There are plenty of entrepreneurs out there who found their “big ideas” later in life, founding companies that, in some instances, last well beyond their years.

Here are six entrepreneurs who got their start later in life and prove that success is a possibility at any age:

1. Leo Goodwin, GEICO


GEICO, or the Government Employee’s Insurance Company, is now a well-known car insurance brand with well-known advertising figures. But before the Gecko, the Caveman or Maxwell, GEICO was the idea of Leo Goodwin. Working as an accountant in San Antonio, Texas, in the 1930’s, Goodwin realized that insurance needed an overhaul. Why weren’t companies just dealing with customers directly, saving all the money that traditionally went to brokers?

In 1936, at the age of 50, Leo founded GEICO in Washington, D.C. In a departure from most businessmen of the day, he worked closely with his wife Lillian in running the company. By the end of the year, GEICO had 12 people on staff and 3,700 policies in force. Today, GEICO employs over 27,000 people and has over 14 million policyholders.

2. Harland David Sanders, Kentucky Fried Chicken


Col. Sanders did not start out as anyone’s idea of a successful businessman. He lost his father at an early age, quarreled extensively with his stepfather, and was fired from multiple jobs, even losing his job as a lawyer after a courtroom brawl with his own client. However, he was determined to never give up, and this trait led to his eventual success.

While working at a service station in Corbin, Ky., Sanders gained local popularity for his delicious chicken recipe. After the Corbin station was destroyed by a fire, Sanders had the location rebuilt as a motel and 140-seat restaurant. In 1952, at the age of 62, Sanders franchised his “Kentucky Fried Chicken” for the first time. Today, KFC has over 18,800 outlets in 118 different countries and territories.

3. Robert Noyce, Intel


After earning his doctorate in physics from MIT, Robert Noyce found work as a research engineer, eventually ending up at Beckman Instruments. In 1957, he and seven others left Beckman and founded the Fairchild Semiconductor Corporation. While he enjoyed some success there, he eventually left with Gordon Moore. Together, they founded Intel when Noyce was 41.

Noyce was considered the visionary of the company and treated staff like family. He declined the lavish benefits that most CEOs received, and kept the company less structured and more relaxed. While at Intel, he oversaw the invention of the microprocessor, an innovation that revolutionized computer technology and forms the foundation of the machines we still use today.

4. Reid Hoffman, LinkedIn


Surely a company like LinkedIn, a major social network, was founded by a youngster, right? Not at all! Reid Hoffman struggled with what to do after he graduated from Stanford. He decided to work, but to do so strategically, mapping out a plan of what he would need to learn before he started his own company.

When he first started on his own, he founded a networking site called Socialnet, believing that having a great matching algorithm would guarantee success. He tried advertising his new site through magazines and newspapers, but never found traction with the idea. In the end, he left and joined PayPal before leaving his position with the company in 2002 to co-found LinkedIn. Hoffman was 35 when he founded the company and 43 when it went public.

5. Wally Blume, Denali Flavors


If the thought of tomato-flavored ice cream turns your stomach, you’re not alone. Wally Blume had a successful 20-year career, but knew he had to move on when his boss decided to move forward with that crazy idea. In 1995, in his mid-50s, he started his own ice cream company, Denali Flavors, where he created the famous Moose Tracks flavor.

Today, this dairy treat brings in $80 million a year alone through licensing agreements. Denali now has over 40 flavors, and Blume is still going strong at the age of 70.

6. Carol Gardner, Zelda Wisdom


When you’re 52, newly divorced, broke and depressed, you’d think that the last thing on your mind would be starting a company. Then again, it might be just what the doctor ordered.

After getting a dog at her therapist’s recommendation, Carol Gardner won a local Christmas card contest with a picture of the dog and a funny quip. The win inspired Gardner to start a greeting card company, which she named after her dog, Zelda. In 2010, Zelda Wisdom was valued at roughly $50 million, showing that you truly never know where your next great idea might come from.

Running a business isn’t easy -- it takes hard work and discipline to reach success. As a result, it should be unsurprising that, many times, it’s the older and wiser among us who are better at navigating that road. So don’t count yourself out, no matter what your age. Success can come to anyone at any time.

Do you have story to tell about a business you started later in life? Share it below in the comments section below!

 Culled From Entrepreneur.com

Happy New Month,Its Been a While:Thank God For The Successful Third Annual Graduation/Anniversary Ceremony Of Unick Schools...Some Pix Inside

Thank God for the success of Unick Schools third annual graduation/anniversary ceremony...

Thanks to all who contributed to make this a huge success...Jahbless you all

Some pictures inside...

Pupil's Performing

Pupil's Grooving

Pupil's Performing

Thats my girl Blessing

Parent's Grooving

Parent's Grooving

Pupil's Performing

Pupil's Performing

The team that made it happen...
Come check my special post tomorrow...it will blow you away for sure..And don't forget to drop a comment.