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Dangote to Invest $1bn in Rice Cultivation

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Rice
  • Dangote to Invest $1bn in Rice Cultivation

The Dangote Group has disclosed plans to invest $1bn in rice cultivation in five states to boost food self-sufficiency in the country.

The group stated this in a statement made available to our correspondent on Monday.

Speaking at the just concluded 2017 Gateway Trade Fair, which held in Abeokuta, Ogun State, a director of the Dangote Group, Mr. Tunde Mabogunje, stated, “We have been contributing our quota to the growth and development of the Nigerian economy. Towards aiding agriculture, we are building a fertilizer plant in the Lekki Free Trade Zone, Lagos State.

“When completed, farmers will have regular access to fertilizer for their farming activities. The delays and disruptions experienced in waiting for imported fertilizer will cease.

“We are investing about $1bn in rice cultivation. We have an out-growers scheme where thousands of farmers are empowered with improved seeds and items needed to cultivate rice.”

Mabogunje added that Dangote Group was at the forefront of job creation and was the largest employer of labour outside the Federal Government, and had been contributing its quota to the growth and development of the Nigerian economy for more than three decades.

Mabogunje, who represented the group at a special day dedicated to it, said that the partnership with the Ogun Council of Chambers of Commerce, Industry, Mines and Agriculture, organisers of the fair, was a beneficial as Ogun State was the host of the 12 million metric tonnes per annum Dangote Cement Plant, Ibese, the second largest cement plant in Nigeria.

To mark its day at the fair, a subsidiary of the group, Dangote Cement, gave out several tools and implements to block moulders in Ogun State in appreciation of their patronage.

Tolls such as wheel barrows, shovels, umbrellas and hand gloves were donated to the block moulders, who assembled from different areas of the state.

“Commending Dangote Group for its sponsorship and participation at the fair, the President of Ogun State Chamber of Commerce, Industry, Mines and Agriculture, Mrs. Adesola Adebutu, said the support given by the group went a long way in making the staging of the fair a success.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Business

Job Opportunities for Npower Exited Beneficiaries

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Aussie Job-Market

Jobs Npower Exited Beneficiaries Can Start

Following the Federal Government’s decision to let go of Batch A and B beneficiaries of the N-power program, it is important they engage in something productive and viable now that their monthly stipend has been stopped.

Investors King, that has been advocating for permanent placement for both exited batches, has compiled jobs exited beneficiaries can start doing or learn to do pending when the government will finalise their plans for permanent placement if they ever will.

First is self-assessment, what skills do you have or what do you have passion for? You need to know your strengths and weaknesses to venture into our list of businesses as it would help you better navigate the usual challenges that come with startups or self-employment. Nobody said is going to be a walk in the park.

Also, a lot of exited beneficiaries have skills they have not monetised or don’t know how to turn them to money just yet. Therefore, it is imperative to conduct a personal evaluation before venturing into another training when this set of people can focus on monetizing present skills. Please note that it does not matter what kind of skill you have, everything is sellable with the right strategy and approach.

Here is a list of jobs exited beneficiaries can start.

Freelancing

There are several Nigerians freelancing for businesses abroad and are earning a reasonable amount, especially with the Naira-dollar exchange rate at N386 (bank rate) and N465 on the black market.

How Can You Become a Freelancer

This is why I said self-assessment is imperative as you will need a skill to sell to potential clients in order to earn money online. The easiest, perhaps the most common is writing articles and creating content for businesses that are looking for creative writers to craft a unique content or tell a story that sells their brands better.

However, there are other jobs like administrative role, where you work with businesses or become a Personal Assistant to an executive person and help them with administration, like get there schedules right, remind them of appointments, fill orders, call clients, send emails, reply emails and do other administrative jobs for a salary. Please note that while this seems easy it is not as most of these businesses and executives prefer persons that are conversant with excels (expert level), ms word, google documents, pdf to word conversion etc.

Also, there are freelance jobs for graphic designers, app developers, programmers, web developers etc. if you already have the skills and if not, you may want to get one.

How Do You Apply for Jobs or Register for Offers

Open an account on any or all of the listed websites with a unique profile that sells your offerings.

www.upwork.com

www.Fiverr.com

www.Freelancer.com

Currency Exchange

This is perhaps the easiest niche exited Npower beneficiaries with little cash can get into and start making money because of the huge demand.

First, what is currency exchange? A currency exchange business is a business that sells and buys currencies. However, in this case, we are buying and selling digital currencies but the concept is not different from the regular bureau de change but easier given that all you need is your phone and to set up an account on free forums or join groups were people trade digital currencies like Bitcoin, Perfect Money, Payoneer, PayPal, etc without regulatory approval. It is a peer-to-peer business.

Like I always say, your biggest money is in the informal sector also known as the underground economy or gray economy. It is gray because despite its huge potential, it is not classified as a normal source of income. The next question is how do you get involved.

How to Start a Currency Exchange Business

Open bitcoin wallets on blockchain, LocalBitcoins and other bitcoin wallets. Also, open a perfect money account and set up a Paypal that can send and receive money in Nigeria (contact me on how to open it).

If you already have an account on Nairaland join currency exchange thread or sign up to join the forum so you can participate in trading. Also, join various chat groups of currency traders and post on your WhatsApp status, you will be shocked at the number of people that deals in digital currencies or those looking to sell their earnings from Fiverr and Upwork. I buy from them too and pay them in Naira.

Mini-restaurant

To be self-employed, you have to be creative. A lot of unemployed graduates think they need a shop or fancy space to get started. However, what I found out is that you only need your present space, yes that current place you live!.

Do a feasibility study to assess your vicinity and bridge the gap between eating out and having nicely prepared food delivered at home within a few minutes.

I discovered that most people that eat out, especially during this raining season won’t mind home delivery with extra cost.

Also, note that you do not need millions, you need just a few thousand to do flyers, buy takeaway packs and ingredients. Gbam off you go!.

Laundry Service

This is one of the easiest services to start but can be a bit tough without a washing machine. Still, if you are not scared to wash jeans, clothes and even rug this might be it for you.

As important, simple and in demand as dry cleaning service is, it is not readily available in most localities. Therefore, Npower exited beneficiaries can address this need by adding a little bit of class to the traditional dry cleaning service and make adjustments as they evolve in the business.

Forex Trading

Foreign exchange trading is the world’s largest market with over $5 trillion daily turnovers. Yes, you’ve heard that much before but also it is the most complicated and tough market to trade if you do not have the right instructor to walk you through market complexity.

However, this same complicated market holds numerous potential and after almost 20 years in the global financial market, I can tell you with the right training, discipline and dedication you can earn a living from foreign exchange trading.

If you want to learn how to trade forex ‘PROFESSIONAlly’, please note the word professionally, get in touch with me. I used the word professionally because the name forex has been bastardised in Nigeria, therefore, undermining the numerous opportunities in the forex market.

I will not just teach you how to trade but teach you how to be a real student/analyst of the market. This will give you an opportunity to be both an analyst and also a trader like myself and work for companies like investorsking, nairametrics, businessday, etc if you enjoy breaking down market complexity in a unique way. A clue, Nigeria has a lot of journalists but not a lot of business analysts/ writers that are now in demand.

You can contact me via samed@investorsking.com.

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Julius Berger Diversifies into Agro-processing

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Julius Berger Steps into Agro-processing to Seize Diversification Opportunity

Julius Berger, a leading construction company in Nigeria, said its board of directors has approved a diversification opportunity for the firm in agro-processing.

The approval was done at a meeting held on September 22, the company stated in a statement filed with the Nigerian Stock Exchange on Thursday.

Julius Berger said the approval would help the company capitalised on diversification opportunities in the agro-processing industry, especially with the emerging developments in Nigeria and government ongoing reforms to make the nation self-sufficient.

The statement read in part: “We would advise the exchange and the capital market that the Board of Julius Berger at its meeting held on September 22, 2020 approved a diversification opportunity for the company in agro-processing.

“The Board of Directors and the executive management of Julius Berger strongly believes that this diversification direction would support the continued success of the group in the future and align with the strategic objective of the government to stimulate value creation in Nigeria.

However, Julius Berger reiterated its commitment to maintaining and strengthening its leadership in the nation’s construction sector.

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Some Nigerians Are Charging Ship Owners Illegal $36,000 Per Month for Secure Anchorage

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Ship Aveon Offshore

Ship Owners Are Paying Illegal $36,000 Per Month for Secure Anchorage in Nigeria

Mr. Rotimi Amaechi, the Minister of Transportation, on Thursday said certain people are charging ship owners illegal $1,200 per day for secure anchorage in Nigeria.

The minister registered his displeasure with continuous patronage of illegal harbours known within the circle as secure anchorage areas.

Amaechi, who spoke at the ‘2020 World Maritime Day Celebration which held at Eko Hotel and Suites in Lagos’ said the issue was unsettling.

He said, “There is a crisis in the maritime sector. The crisis is on the issue of security.

“Today, we have a single individual partnering with the military that is collecting $1,200 to the detriment of shipping companies.

“That one individual is still managing the business with support of other institutions.”

The minister also accused stakeholders of doing nothing to these individuals, saying only the government had the right to step up secure anchorage area

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