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High level of Inflation.

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Sabo Market is a place where goods such as cabbage, tomatoes, cucumber, onions are sold with buyers coming from different parts of the country. According to our report a basket of tomatoes is sold between N7,000 to N8,000. But the story is different with onions whose price rose from N17,000 to N35,000, adding that onion was the only perishable goods so far that its price had risen up in the market. Malam Musa Saleh, a popular tomato seller in sabo market, He said that the price of the products is often determined by their availability in the market and the number of buyers in the market.The prices change from time to time depending on the Market days and its availability in the market. If you go to other states, the price is different. Malam Musa explain that the pepper harvested in the northern part of the country is now out of season while the Yoruba pepper presently in the market is short in supply since it is just coming out, which has led to the increase in the price...
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Nigeria needs N7 trillion yearly to adequately fund social security system.

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LIFTED BY : SALAKO YUSUF. • As bad governance, unchecked population growth, others fueling poverty trap As part of solutions for Nigeria to end its poverty trap, the country requires about N5 to N7 trillion yearly to fund the operation of a thorough well-managed social security system. Experts are of the view that Nigeria with a Gross Domestic Product (GDP) of $440 billion and being the largest economy in Africa, but caught in a deep poverty cycle, rethinking social protection that is well-organised, expertly planned and supported by national law remained necessary. A report on ‘Nigeria’s Poverty Trap – And How To End It’ by the Institute for Governance and Economic Transformation (IGET), identified poorly designed social protection measures, limited coverage, lack of consistency, lack of data and corruption as some of the causes of inadequate social protection. It stated that such a comprehensive social protection system needed to be independently and expertly examined, reviewed and m...
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INTERVIEW: AN INTERVIEW WITH THE CEO OF BIRE COUTURE

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BY: HUNPE YEMAREN GABRIEL  * WHEN DID YOU START YOUR BUSINESS AND WHAT IS YOUR INSPIRATION  My name is Abagun oluwakemi suliyat, the CEO of Bire Couture, I am a fashion designer. I started this business fully in 2017 after learning for 2(two) years, my Dad was of great inspiration to me because he was also a fashion designer. Also the way people look elegant and stunning when they dress in different styles also inspired me to venture into fashion designing. * HOW MUCH DID TOU START WITH, TO SET UP YOUR BUSINESS? As at 2017, I started the Business with the sum of #70,000.  Then in 2017, #70,000 was a lot of money because I was able to get a manual machine and some other tool that I need unlike now even #200,000 can’t start up a business. There was a lot of struggle and challenges starting the business but later it was a success. * DO TOU SHARE YOUR PROFIT WITH ANOTHER PERSON OR IT’S SOLE PROPRIETORSHIP  I started Bire Couture with my own capital, I own my business and...
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#EndSARS: CJ Asks Lagos To Reconstruct Igbosere High Court

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by Abdulganiu idris   2 months ago People hold banners as they demonstrate on the street to protest against police brutality in Lagos, Nigeria, Thursday Oct. 15, 2020. Protests against Nigeria's police continued to rock the country for the eighth straight day Thursday as demonstrators marched through the streets of major cities, blocking traffic and disrupting business. People hold banners as they demonstrate on the street to protest against police brutality in Lagos, Nigeria, Thursday Oct. 15, 2020. Protests against Nigeria's police continued to rock the country for the eighth straight day Thursday as demonstrators marched through the streets of major cities, blocking traffic and disrupting business. Almost two years after the Igbosere High Court in Lagos was razed and vandalised by suspected hoodlums during the 2020 #EndSARS protest, the Chief Judge of Lagos State, Justice Kazeem Alogba on Monday called on the state government to reconstruct the court. Justice Alogba maintain...
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NEW CAR BUSINESS

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MOFEMAX Auto is set to lunch carqlink.com Mr OJO AYOTIMOFE ABRAHAM, the CEO of Mofemax auto is set to lunch a big online car business platform come may 2023. He disclose this at annual general meeting of Lagos state motor dealers association ikorodu chapter which held recently at the meeting secretariat in ikorodu Lagos state. MOFEMAX narrate that, carqlink.com is a one time automobile business interactive marketplace with both physical and online office,with convergence of the auto technician, Auto mechanic,AC engineer, other auto services and their costumers converge to participate in all kinds of automobile goods and services business transactions at ease.  When he is responding to the association's chair person's question, he said,"I AM READY TO SET UP A ONE OF IT'S KIND CAR BUSINESS PLATFORM IN NIGERIA AND THE WHOLE WORLD" everything has been in place to kickstart the online automobile business. He maintains that, Carqlink.com encompass sales of a...
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business interview

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By: Arikewuyo Hamdalah Motunrayo How much capital did you use to set up this business?#50,000Did you share the capital with another person or its sole proprietorship?No, it is a Sole proprietorshipHow have you been able to cope with the constant power outage in this location?YesWhat other challenges did you face?Constant increase in price of product.How satisfied are you with the sales traffic?Not really satisfiedHow do you procure your products?I send orders to my customer and they get it deliveredHow much is the estimated sales per month?#150,000Where did you see yourself in the next 5 years?In a bigger place, a success in processHow did you intend to support the Nigerian Economy and the society?By giving back to the non-privilege.
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Agricultural growth in Africa

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Using digital platforms to promote food sustainability in Africa By Demilade Ajiboye IFC and Microsoft have partnered to support digital transformation in Africa’s agriculture sector. A suite of digital agriculture solutions addresses capacity constraints and inefficiencies in the supply chain of African agribusinesses. The partnership makes digital tools and training resources more accessible to small-scale farmers and agriculture-linked small businesses. The United Nations identifies Zero Hunger as one of its Sustainable Development Goals. This goal seeks to end hunger, achieve food security and improved nutrition and promote sustainable agriculture. In a session during Adaptation and Agriculture Day at COP27 in Egypt, the International Finance Corporation (IFC) and Microsoft through its Africa Transformation Office (ATO) showcased their partnership to support digital transformation in Africa’s agriculture sector to support the achievement of this goal. The partnership is...
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