This is a special article because we’re really going to tackle the topic you’ve already discovered in the title.
Yes…! You can become a billionaire from scratch.
There are currently over 2,700 billionaires in the world and that number is growing quickly.
56% of billionaires out there are self-made!
Meaning, that they did not inherit the fortune, instead, they’ve build lucrative companies that got them to where they are right now. Currently, a new person becomes a billionaire every 36 hours.
Why? Mostly because of the internet, access to global markets, the influx of cash in the middle class and what used to be considered developing countries. Before you think you’ve got this in the bag, we have to keep it honest with you and hit you with the truth.
There’s a reason why only 0.00003% of the world population hits billionaires status. Big factors like: education, infrastructure, access to capital, desire, IQ, EQ and even luck, all play a major role in this.
And throughout this article, we will analyze the situation where most of these align for you just the right way. Follow this structure and even if you fail, you’ll still end up a multi-millionaire!
With that said… here are the 15 steps to becoming a billionaire from scratch!
01Start Super Early
Some people have what is considered the entrepreneurial gene.
Elon Musk sold his first piece of software when he was 12 years old. Warren Buffet made his first stock investment at the age of 11. At 12 years old, Mark Cuban was selling garbage bags door to door. Richard Branson started his first business at 16. And we can go on like this forever…
If you don’t have a rich father to give you a small loan of 1 million dollars, you’ll have to earn your first million yourself. The sooner you start the bigger the advantage you have, because you’re learning the most valuable lesson in business:
How to get people to give you money?
Think about it like this: it will take a couple of years before you identify a business that has a chance of success. Then with hard work it will take roughly 7 years for the business to mature. If you start when you’re 16, by the time you’re 25, money is no longer an issue.
If you’re a teenager, your time is now!
If you’re older than that, you just have to push yourself harder for the time you wasted.
02Educate Yourself Constantly
Books, interviews, documentaries, case studies, analyze other people’s businesses, analyze how other successful people behave and then emulate everything you learn.
Fortunately for you, quality information is cheap or even free.
Take yourself seriously and invest in books, audiobooks and anything that builds up your skillset. The quicker you are able to build skills in your inner-portfolio, the sooner you will be able to leverage them to accelerate your growth.
In this phase in your life, you need to master the fundamentals: becoming a self-learner, how to self-motivate, self-discipline, time management, sales, how to talk to people, how to build things, how to market, how to scale, how to manage people, how to speak & understand money.
Nobody can take away what you learn!
This is why investing in yourself pays the best dividends.
03Fail Quickly, But Keep Moving
You will fail and this is a fact.
You are too early in your journey, you don’t have enough knowledge, you don’t have enough skills, you don’t understand the markets or the consumers well enough and you don’t yet have people to guide you or save you.
Resilience is key!
The only way to become a billionaire, especially when you’re starting from scratch, is to absorb as much information as possible and transform it into actionable wisdom!
Do not be afraid to fail and do not give up if things don’t go your way.
LEARN! ADAPT! OVERCOME!
Every time you’re faced with a challenge, the market is testing your ability to perform. Failure is not the goal, but it’s part of the journey!
04Sacrifice Your Social Life & Work 80–100 Hours Per Week
We told you we were going to keep it honest. You simply can’t do both.
Building a solid business will require you to put it way above everything else. It will take so much energy, so much drive that there simply isn’t room for anything else.
This is the price you have to pay to escape mediocrity!
Just like a rocket, you’ll have to burn most of your fuel trying to escape the gravitational pool.
Working 40 hours a weeks is survival income! It will keep you fed and warm, but it doesn’t bring that lifestyle you’re looking for. The time you put in over that goes to your success. Relationships, family and sometimes even health will suffer in the process and there’s still a massive chance that you’re not going to make it.
This is why most people never do!
They’re not willing to pay this high of a price and it’s understandable. You can still be like everyone else and be happy. It’s your call to make. At the end of the day, this is one of the few things that is 100% your control.
05Build & Grow Your First Successful Business
In the first 10 years, you learned a bunch, you studied success in many forms, you understand how the market is changing. Inevitably, you’ve identified businesses that are within your reach and took that idea to the market.
Initially, you put a lot of work in yourself, then you started bringing people in. Money starts flowing in and you can start making moves. You test different strategies, different products. Some work, some don’t. You learn from them. The years go by like a roller-coaster!
You either having the best year of your life, or you’re thinking about quitting!
Every successful entrepreneur knows this feeling all too well! Yet you push through and half a decade later, you’re doing ok.
The temptation to spoil yourself is stronger and stronger than ever, but remain disciplined. You reinvest almost everything into the business and it continues to grow. You have a good understanding of how big this can get and what needs to be done in order to get you there. You have successfully matured yourself as a business person!
06Leverage Your Newfound Success To Meet Influential People
On the road to success, you’ve met several people who share the same drive or the same motivations as you.
They’re doing their own things but you share a sense of brotherhood because everyone goes through more or less the same struggles. These are the only people who to some degree understand you and they become your network. Some of them will become future business partners, others will be your mentors and some will open doors you’ve never seen before.
The power of this network is massive.
They will help you navigate life, they have contacts of their own, they’ve done mistakes of their own and the same as you, they’re more than open to share with the group.
You might have heard the term MASTERMIND before.
It’s when smart minds come together and help each other creatively solve problems… only that in business, the payoff is more monetary. The network you build around you will determine how quickly you move through wealth levels.
07Sell Your First Business, Become A Multi-Millionaire
You started with almost nothing and you’ve put years, sweat and tears into the business that’s now quite valuable.
It’s time to let it go…
It is incredibly rare for people to achieve billionaire status from their first few businesses, even in the technology space. In order to tackle big issues, you need money and you need people to trust you enough to give you that money!
Selling your first business is like building a past performance portfolio. It shows people that you can take an idea and execute it flawlessly until completion.
If you did everything right, a 7 figure payout should be within reach.
Everyday 1700 people become millionaires in the Unites States!
If previously geography played a decisive role in your success, as of 2020 you can no longer use that as an excuse. A laptop and an internet connection is the minimum barrier of entry in this race and considering you’re consuming this piece of content right now, you’re way past it.
Here’s the deal:
A million dollars is no longer a lot of money! It’s just a mental milestone you need to pass in order to move into real money territory. You have to enter this stage as quickly as it is legally possible.
Only at this point, you can finally start your race to 1 billion.
08Build A New Innovative/Disrupting Business
As you move into this new level of business, you’ll discover things are quite different. The stakes are higher and now you’re competing with the big boys.
They have all the money in the world, they have the infrastructure and you’re just a cockroach who’s trying to take some of their breadcrumbs. But, because you have your network, you have your track record, you now have access to other people’s money.
The only way to compete with the big boys is to be creative!
You can’t challenge them head-on, because they can bury you. You can’t do it cheaper and you don’t have access to the same resources as they do. Your best bet is to leverage your creativity and the latest technology available.
Statistically speaking, big business isn’t as agile and quick to adopt new tech, this is your window of opportunity. Plus they’re stuck in an old way of doing things because it worked for them for so long.
Quick reminder: Airbnb wasn’t invented by Hilton or Marriott.
Solve a problem, but in a new more efficient way leveraging modern-day tech. Have a look on the article below after completing this article:
Fix the following — If you want to be a BILLIONAIRE
If you want to be a billionaire, here are 15 problems you should solve to get there!
09Expand Quickly & Aggressively
The moment you prove that your solution works, the race begins. It’s a race, between and how much the market you can acquire, before big business catches up.
This is why Elon is so aggressive with his electric cars, Volkswagen and Ford are breathing down his neck, so he needs to secure his position as a big player before they retrofit their production line.
This first mover advantage applies to every industry and it’s usually driven by social and technological change.
The model is simple: Prove the solution works, expand in new geography and use the money to come up with new solutions.
This is usually where businesses raise a second round of investment at a massive valuation that allows them to really have an impact. And based on the goals of the founder we’re faced with the following choice:
10Either Get Acquired Or Try To Build A Monopoly In Your Niche
The big boys are interested in what you’ve built, so they’re offering you buy you out. This is where Facebook pays $1 billion for Instagram or $19 billion for WhatsApp.
Again, this applies to every other industry as well. The moment you start making waves they start doing the math. It’s your choice if you want to sell or if you plan on beating them at the business game.
But you should know that they will come after you with everything they got. Look at Snapchat turning down $3 billion from Facebook, because they wanted to be the next Facebook.
If you go with the second route, execution is your only option. Yahoo! had the option to buy Google 2 times but failed to do so. First time for $1 million in 1998 and the second time for $3 billion in 2002. But because of their ability to execute, Google is now worth almost $1 Trillion.
So how do you become a monopoly in your niche?
- You Buy Out Your Competitors — That’s why every mammoth out there is on a shopping spree right now, from big tech companies to fashion retailers, everybody is buying.
- Make Your Competitors Redundant — This is done either through economies of scale, where they can’t compete in pricing. Meaning you simply can’t produce the same good cheaper than I can — or through technological innovation. Like, if you’re the iPhone to their Blackberry or if you remove their competitive advantage — the same way Facebook’s Insta-stories did with Snapchat.
11Focus On Big Ideas That Impact A Lot Of People
In order to build a multi-billion dollar business, your product or service will need to impact a lot of people. That’s just the facts.
The top 5 industries with the most billionaires are as follows:
- Finance & Investments: 310 billionaires; 14%
- Fashion & Retail: 235 billionaires; 11%
- Real Estate: 220 billionaires, 10%
- Manufacturing: 207 billionaires, 9%
- Technology: 205 billionaires; 9%
Basically, these are the industries that create everything you touch, use or wear. They shape reality. They build your cities, they finance the companies building cities, creating your clothes, the items you use and the digital services required to live a normal life.
5 billion people have a mobile phone. They all paid for their devices. They all use them to access the internet. At the end of the day, making a billion dollars is a rather simple math problem.
How can you extract $1 from a billion people? Or you can take $100 from 10 Million people? Or $10,000 from only 100,000 people. See where we’re going with this? To get handy with these calculations, give a look to:
MILLIONAIRE MATH: Explained
Millionaire Math: The way rich people think about making money!
As the general population gets richer, you will see prices steadily go up. The best indicators are the costs of homes and smartphones.
12Invest In R&D/ Hire The Best Talent Money Can Buy
Staying relevant in a big boys game is incredibly difficult because there’s always a new innovative company coming for what you have while you’re busy holding your own versus your direct competitors.
The only way to keep yourself ahead of everyone else is to innovate. You’ve heard the term before but what does it really mean?
Innovation is the ability to connect the dots of reality in a never seen before way that adds value.
You can innovate in many ways. Take a concept that works in another industry and adapt it to your own. Innovate in design, in experience or come up with something the world didn’t know it needed.
The light bulb didn’t come as a result of incrementally improving the candle!
A company is only as good as the people who push it forward, and you need all the help you can get.
13Go After The Big Bucks
Remember the billion-dollar math we did earlier? Here’s a super valuable piece of advice:
Go where the money is!
If you’re going to work anyway, why wouldn’t you go after the big piles of money.
A great example of everything we mentioned today is a company by the name of UiPath. They’re building the AI bots that are doing repetitive tasks for companies.
Take a moment to think about it. How many accountants are there in the world? What is their economic value? How much are companies paying the entire accounting machine, from clerks, to invoice management, to data entry and so on…
Solve this problem once and then you take it to every big player who needs your solution.
Write this down:
A Transaction happens when the price paid is lower than the perceived value!
As long as you understand this, you will make money!
If humans are costing a bank $100 million per year and you offer a solution that does the same job for half the cost, congrats, you just earned yourself the contract.
UiPath went from 1 million to $100 million in yearly recurring revenue in less than 2 years. The company is now worth over $7 billion and growing quickly.
What is the fundamental way they did it?
They solved a problem for the people who have the means to pay for it!
14Secure Your Wealth — Diversify
Assuming everything has worked out in your favor, you are now finally rolling in money. Your shares in the company are worth a lot, you’re trending, people are looking up to you, it’s time to start taking money out and secure your wealth.
Invest in what you understand — buy land, real estate, art, shares in other companies, anything that’s long term.
Congratulations! You’ve made it.
You’re no longer just a paper billionaire. The moment your solid assets surpass $1 billion, you have secured your position as a billionaire. Your wealth is increasing so much every year that you no longer know what to do with the excess capital you have.
You can start foundations or help charities change the world for the better. You can divert some of the money your investments are making to research or whatever you feel passionate about. You’re surrounded by the right people, who make sure you get every deductible possible so that the wealth is secured.
Now, it’s up to you on what you want to do next…
15Bankroll Super-Business Savvy Individuals Or Do It All Over Again
Remember when you had all those creative ideas before you managed to conquer the world? Find people with the same spark you had in yourself and help them do the same.
That’s what venture capital funds are all about. They are the driving force behind the change-agents that are shaping the world. Governments have fallen way behind on innovation and at this moment in time, the private sector is what’s pushing humanity into the future.
If you still believe you have what it takes, do it yourself, dream bigger than you’ve ever dreamt before.
You want to cure the world of diseases like Bill Gates is doing? Do that!
You want to mine asteroids? Go do it!
You want to solve immortality! Give it a shot!
Take 1 million people to form a colony on mars? Why not?
We need billionaires who have the resources and the vision to push humanity into the next phase. We are reaching unprecedented levels of wealth and innovation ability. Humanity as we know it is on the brink of evolution. You can either be a driving factor or just an observer!
If you look at almost every self-made billionaire on the Forbes list, you will find that almost all of them follow this exact framework we have described for you.
And readers, looking back on what it takes to build this kind of wealth: Do you think the sacrifices are worth it?
Everyone wants to be a billionaire because it’s a round number. It’s the equivalent of “A LOTTA MONEY”, but at that stage, your wealth is just a number on a screen.
What most people really want is what comes with the idea of never having to worry about money again. Instead of billionaire status, we recommend you set a realistic goal of becoming a High Net Worth Individual.
These people have a fortune between 15 and 50 million dollars. If you’re smart, that’s more than enough to feel secure and enjoy a rich lifestyle.
No, you don’t have 2 private jets, but you’re super comfortable renting one whenever you need. You have solid investments that are covering every reasonable expense and you’re still left with more. If you chose to, you could stop working for the rest of your life and you would be fine.
We know you dream of retiring on a beach sipping mojitos, but surprisingly, it gets boring really fast, especially if you’re the type of person who built his fortune from the ground up. You can never really stop your mind from being what it really is — the mind of an entrepreneur!
Only this time, you’re solving business problems just for the challenge of it all. That’s where we wish all of you to become: So rich, that you solve problems just for fun!
Top 5 Political Campaigns in Nigeria
The elections are here again and with the elections in full swing, things are heating up. Awesome ampaign agencies internationally such as Brand Envoy Africa, impact politics, Anttention Media have done amazing work that helped secure political positions for candidates and winning over the electorate.
Let’s take a peep down memory lane into the top 5 political campaigns we’ve seen (or read about) in Nigeria since the 1950’s.
1. Moshood Kashimawo Olawale Abiola, SDP 1993
That year’s election is still regarded in many quarters as perhaps the freest and fairest election Nigeria has ever had. Chief Abiola campaigned on the slogan Hope ’93 and smarting from the Structural Adjustment Policy, SAP, of the Babangida regime that had sapped many Nigerians economically, Chief Abiola’s message rang a bell especially with that memorable jingle. The result was a resounding vote for the Social Democratic Party candidate.
2. Goodluck Ebele Jonathan, PDP 2011/2015
GEJ’s presidential campaign in 2011 was a big hit Promising a breath of fresh air, he played the role of the underdog to a hilt especially with that famous line “I had no shoes”. The African campaign agency “Brand Envoy Africa played a key role. His message resonated with the Nigerian masses as they lapped up to him. He gave many hope that ordinary people could rise to the top in Nigeria, he became the poster boy for the new Nigerian dream and despite some irregularities in the elections, he won. The rest as they say is history.
3. Peter Ayodele Fayose, 2014
Impeached in 2006 on charges of corruption, Governor Fayose was back in power in 2014, defeating the cerebral Kayode Fayemi in the process. Although his campaign didn’t have any clearly defined message, Fayose endeared himself to the electorates with a good mix of populist tokenism (or stomach infrastructure as he called it) and street smart. While his opponents hit it big on social media, Fayose ate pounded yam and drank palmwine with the ‘real’ voters and for all his troubles, he beat the incumbent in all the 16 local government areas of the state.
4. Babatunde Raji Fashola, ACN 2011
In 2010, BRF as he’s popularly known was contesting to be re-elected as governor of Lagos, Nigeria’s economic nerve center and on the basis of his performance in his first term, his candidature was quite popular with the electorates. However, the SAN with a sound mind gave nothing to chance as he went all out, campaigning on the platform of continuity…’BRF is working’ his posters screamed. The result was a landslide victory at the polls, leaving the People’s Democratic Party candidate far behind in a cloud of dust.
5. Obafemi Jeremiah Oyeniyi Awolowo, AG 1959
Chief Awolowo’s Action Group was at the time regarded to have been the best organised political party in Nigeria with a clearly defined ideology and manifesto and he ran an equally efficient campaign in that year’s elections. Awo traversed the length and breadth of the nation in helicopters, reaching out to the commoners with a promise of improved welfare, free education and health as espoused by his political party. Although Awo’s party couldn’t secure enough votes beyond the western region to have enabled him become Nigeria’s first prime minister, his campaign was undoubtedly innovative and far ahead of its time. Some other time, some other clime perhaps history would have been different.
Workplace Extramarital Office Affairs: How To End It maybe retain your job
Workplace extramarital office affairs are more rampant than we think. In a work environment, sharing accomplishments, risk and intensity can open up new levels of intimacy between colleagues. The long hours put in at the office in close proximity with that colleague does not help either. If these situations aren’t handled properly it could trigger the budding of a work-place affair.
Office Extramarital Affair Facts You Should Know…
After understudying workplace affairs for a period, a pattern began to emerge. Facts that I believe everyone currently involved in or romanticizing with the idea of kicking off an office affair should know.
- 39% of workers had relationships in the office at least once
- 35% have kept office affairs hidden and tried to sort it out even though they knew it affected their work
- 24% are attracted to someone of the opposite sex who had similar jobs
- Office Affairs were most common in the following sectors: Banking & Finance, Hospitality & Leisure, Information Technology, Healthcare, Media/Entertainment and Business Service
Only about 17% of these affairs end in marriage. The other 83% ends in personal, marital and professional problems with far reaching consequences that would be discussed in the real world by ex-colleagues many years later (when they see you). The decision to either continue with or end an extramarital office affair is something I totally leave up to you. However this article is for the latter group. The hardest part about having a workplace affair is seeing each other after you have decided to end things with an affair partner. However its not a totally lost cause because there are basic steps you could take to begin correcting this mess.
After being blessed enough to sit with individuals going through the issues associated with an office affair, i am going to give you the quickest way to end an office affair and MAYBE still get to keep your job.
Cut Down The Time Spent Together
You need to start creating some distance between yourself and this affair partner. What you will achieve with this is to gradually bring back the correct work ambience you both enjoyed before the fall (sorry, before the affair began). This is the point you need to start bringing food to the office so you don’t need to go to lunch together. When a task has been completed take your belongings and leave. When you end things quick, that is what is considered a real ending. These measures help you quickly bury the relationship. You know everywhere both of you used to bump into each other? the backroom, the cafeteria please avoid all those places when you know they would be there.
Do not expect that these evasion tact’s of yours would be welcome with an understanding nod. Harassment or blackmail might become something they resort to in a bid to get back at you for stopping something made in heaven and breaking their already broken heart. Your job at this point is to quietly gather all the messages, record conversations, take screenshots and then taking it to the company’s HR department. At this point, if your ex-affair partner is a drama king/queen who does not mind losing their job as long as they take you down with them, you have to make a quick decision to either get a new job or get transferred to another department/team. If their job is still important to them then you have to let them understand that your lawyer already has the fact file gathered and one other bleep from them would have you filing a harassment lawsuit.
Do Not Beat Around The Subject
Now you have done a good job at avoiding them but somehow they managed to corner you and want an explanation to what is happening. Directly tell them you are done. Do not say it in a way that makes them believe there is still hope of rekindling things with you. Inform them you want to work on your marriage and clearly state that you do not want them contacting you. This saves you loads of texts, chats, emails or phone calls on the subject. At this point, if your spouse has found out about this affair a well written break-up letter will help them stay in the loop on how things are going and shows your seriousness towards ending the affair.
Do not Allow Them Contact You Again (discard every memorabilia)
When you are having an affair Adrenaline and serotonin are two basic hormones pumping through your veins. One takes care of the pleasure and the other handles the edgy feel. This is somewhat similar to what keeps an addict constantly in a loop. This is the point you must inform your spouse that they tried to initiate contact. Having an accountability partner works at this point. If your spouse is not aware simply get a professional therapist bound by client confidentiality agreements to help you navigate this period. This is the point you limit contact via phone, personal email, social networks or otherwise, and also blocking future messages. If they got you anything burn it or give it away. This steps will help you break the urge to want to go back.
Sort Out What’s Missing in Your Marriage
Now that you have been able to cut yourself off and maintain the discipline to sustain those decisions of yours, this is the time to work on your marriage with your spouse. My workbook on Affair recovery could help at this point because the thing your partner wants to know is not “How sorry you are”. They first want you to answer the question why. The time for apologies will come but its not the main thing. Communication must be worked on reflections around what you did wrong must happen. Then seek out a professional marriage therapist around you to assist the both of you at this point. If your partner on the other hand is not aware of the affair , then you have to make the big decision of informing your partner about what you did or not. If you finally decide not to tell your partner you have to be sure the reasons behind that decision is properly vetted because if it isn’t that could become the springboard for another affair.
Research has shown that when you confess to having had an affair a third of many relationships survive infidelity but when you have been caught it’s usually harder rebuilding trust and getting to the point of forgiveness.
To anyone out there struggling with similar issues my general advice is always this. If you feel an attraction to someone in your office, consider a transfer to a different department, a different position, or maybe you should quit. No job is more valuable than your marriage. Being honest with yourself is the first starting point. If you’re dressing real nice to catch the attention of a co-worker, you better stop before you lose it totally. Hanging around the office common areas hoping to bump into that person does not help either. Not only is it cheap especially if its just a fling for the other person its just downright wrong. If your spouse was there you would definitely not be doing all of that. That is your first boundary. Secondly if there are issues with you and your spouse and maybe you feel a bit justified doing what you’re doing, then use a spiritual boundary, If God was in front of you, would you be doing this? If this does not stop you either then my brother, my sister i drop my case. Whatever you have to hide or lie about, don’t do it at all.
This may not have been the most exciting of articles especially if you are caught up in a situation-ship as they call it at you workplace. However i just told you everything you need to help you navigate this affair and come out clean without losing your job or your home. If you’d like to let us know how this went for you, feel free to contact us via email.
20 Things You Can Export From Nigeria and Make Dollars
Finding the right type of business to start up is one of the most difficult things many people have to face. As a result, 9 out of 10 businesses fail in 10 years, and most of the last ones standing do not survive the next 10 years that follow.
The same applies to finding the right type of commodity to export.
The export business in its own right is a highly lucrative business to venture into, but determining the right type of commodity to export depending on the profit margins you’re targeting can sometimes be a problem.
While some exporters are okay with netting profit margins of between 10-30% per non-oil transactions, many others are uncomfortable with that, especially as an export cycle in a country like Nigeria is about 45 days, and so, would want to make the most of the time and possibly make up to or more than 100% profit on the commodity exported.
If you’re looking for high-margin commodities that can take your export business from 0 to 100 in 45 days, here are 2 hot-selling commodities that you can export to make up to or more than 100% profits on every sale:
Ginger is one of the most traded spices in the world which Nigeria happens to be among the largest producers. Why we are not exporting ginger in large quantity is beyond me. You can start a Trans-Sahara or Trans-Atlantic trade with this goods and be making dollars on regular basis. Garlic is also on top of the list of items you can export from Nigeria.
2. Palm Kernel Oil
Palm Kernel oil is the oil extracted from the pulp of palm fruit which is different from palm oil. Palm Kernel Oil is used for the manufacturing of various cosmetics, pharmaceutical products and confectioneries. The uses of this oil is broad and the mineral contents are said to be rich in protein for various uses. Nigeria has it quantum and makes dollars exporting it to other countries of the world.
3. Textiles and Garments
This industry alone generates close to $32bn as revenue from export from Nigeria. It is also a fact that unlike other products that battles with high strict rules of tests, Nigeria’s textiles enjoy duty free passage into United States where it has the largest market in the world because of its unique designs, ethnic African designs and quality.
4. Cocoa Butter
This is the real sources of chocolates of all types. The fruits of Cocoa is used for the production of various skin care products, health products, and pharmaceutical products. The demand for Cocoa is very high in both America and UK and that is why cocoa farming is very essential in Nigeria.
This is a clay-like solid substance gotten from the gallbladder of matured cow and oxen. The size could be as big as chicken egg. Gallstone is a hotcake for foreign pharmaceuticals because they use it for medical purposes. If you could lay your hand a good quantity of well dried gallstone about 100g that is well packaged, ready buyers are waiting for it in either Asia or America.
Nigeria has put in place proper Central Testing Laboratories to ensure that only certified products leave the country to Europe and America. Nigeria happens to be a significant producer of Rubber in Africa. A cubit meter of fine quality rubber goes for between $400 and $600 presently because of the instability of dollar rate in the market.
7. Sesame Seed
This may sound a bit strange if you are not from the area where it is produced in the country. Sesame seed can be found in quantity in places like Benue and Jigawa states in Nigeria. This product ranks second to cocoa in terms of export volume and foreign exchange earnings. Nigeria is the 5th largest producer of this commodity and shipping it into foreign countries brings dollars exchange.
Pure honey is another export commodity from Nigeria to other countries. Presently, a kilogram of honey costs above $150 in the international markets. Pure natural honey contains trace enzymes as sugar, mineral, vitamins and amino acids. A litre of honey can fetch good dollars in the foreign market.
The Niger Delta region in Nigeria is blessed with rich organic deposits of Shrimps. The demands for Shrimps is high in countries like Portugal, France, Belgium, Spain, and USA.
Garlic is a cash crop which is grown under irrigation by farmers in the Savanna areas in Nigeria. With internationally certified good quantities of garlic, you are sure of foreign hard currencies.
11. Yam Tubers
Nigeria is presently the highest producers of yam. In 2009 alone, yam export accounted for about US$450 million exchange. But due to low quality, it is saddening to know that the country is not maximizing its export potentials of this products. So there is need for prospective exporters of yam to foreign countries to adhere to quality regulations that is guarding the process. Yam farmers must take this into consideration and tap from this opportunity.
This is at the fore front in the international market. This product which is produced in good quantity in Nigeria with now perfected technology, has about 50% ROI.Even an individual can own a charcoal production outfit and have exporters shipping it for him. A large market for charcoal exists in ASIA, EU, and USA. A tonne of this product goes for about $1000.
This sector recently received a boost from the National Cotton Association of Nigeria (NACOTAN) of N33 million to rehabilitate it. Cotton is the most natural sources of fiber and it is in demand internationally.
14. Cassava Flour
We already know that Cassava is food for all in Nigeria because of various methods of preparing it. There is need for this in the foreign markets as well. The demand for well processed cassava flour is increasing both in Europe, Middle East and in America.
15. Cashew Nuts
Almost every part of the country has the potential to produce this international commodity. Great quantity of unprocessed raw cashew nuts are exported to India, Brazil and Vietnam where they are processed into kernels and moved to the Northern America and Europe where they are sold for about $2 per pound. The demand is on the increase from these consuming countries.
If you can produce snails in good quantity, there is a ready market for you. Snails are hotcake in European and America. The good thing about this is that it is very easy to rear as it produces rapidly with close to nothing in expenditure for feeding.
17. Chili Pepper
Nigeria is blessed with good weather which supports the proper growths and production of the internationally accepted pepper. If you can grow and source for the export opportunity, you are sure to get it.
18. Fruit Juice
It may sound somewhat strange to many that Nigeria provide export opportunity for fruit juice concentrates. Yes, we have it because Nigeria can boast of so many naturally grown fruits all over the country which provides the best of fruit juice products of great quality. The opportunity for Nigerian fruits concentrate export is huge in USA.
Forget about the facts that some greedy Nigerians go about smuggling chicken into the country. When we talk about poultry, it involves all domestic birds, egg or meat.
Nigeria poultry farm products are still highly needed both within Africa and Western countries because Nigerian weather conditions for poultry farming still remains the best. Poultry products export from Nigeria is an avenue that is still highly untapped.
20. Cosmetics and Soap
Nigeria has grown in this very important area but the only challenge that is holding us back is procurement of good technology to produce cosmetics in great quantity to compete favorably with other developed countries.
Soap making, which extends to other toiletries, laundries and so on are already export opportunity waiting to be invested in. Nigerian cosmetics products can be exported to other African countries where they are badly needed.
Nigeria has big market in soap industry already which other neighboring countries travels thousands of kilometers to get in big quantities to sell in their countries for good profits. If that area is properly looked into, the investment opportunity there are still virgin. If well harnessed, could mean a huge opportunity for foreign exchange. This exchange will further improve the underused avenues of cosmetics and soap industry in the country.
If the exporters from Nigeria could strictly follow the rules guiding export, more avenues can be opened up for others who are aspiring to join in making export from Nigeria available to other countries around the world.
STRIKE: NAFDAC may lose WHO maturity level 3, ISO certifications
Following the ongoing strike action embarked upon by the Medical and Health Workers Union of Nigeria (MHWUN), National Agency for Food and Drug Administration and Control (NAFDAC) branch, almost three weeks ago, the agency may lose all the certifications it got from the World Health Organisation (WHO) and other global bodies, The AUTHORITY has learnt.
It would be recalled that MHWUN NAFDAC branch began an indefinite strike on Wednesday, June 22, 2022, for many reasons including welfare. It would also be recalled that NAFDAC staff went on strike in 2014, 2015 and 2016 on the same issues.
NAFDAC achieved the ISO 9001 in June 2019, and also got the WHO High Maturity Level 3 in March, 2022.
With the Maturity Level 3 certification, it means that any product produced by NAFDAC will be recognized as meeting the WHO standard globally.
At a recent media briefing in Abuja, the Director General NAFDAC, Prof. Mojisola Adeyeye, disclosed that her agency had since commenced work to attain Maturity Level 4 status.
All these successes, our findings have shown, will go down to the drain due to the ongoing strike embarked upon by the workers of the agency.
Findings from a dependable top source at NAFDAC disclosed that before the WHO and other global bodies gave the ISO certification and the Maturity Level 3, three components were examined and considered before the approval.
The top source who pleaded anonymity, disclosed that the three components that were considered include one; staff retention and sustainability, two; staff welfare, three; there must be mentoring.
However, the source expressed concern that following the strike, all the three components can now be considered at zero.
The source explained that because of the prolonged strike: “The staff welfare is zero, staff retention and sustainability is zero and mentoring is zero.
“This strike has really shown that there is no welfare, no retention and sustainability.
“Today if the workers decide to write to the world regulatory bodies, they can withdraw all these approvals and certifications and NAFDAC will have to start from the scratch.”
Following this development, a reliable source at the Federal Ministry of Health disclosed that the management of the ministry is not satisfied with the actions taken by Director General of the NAFDAC, Prof. Mojisola Adeyeye, to resolve the issues so that the workers can go back to work.
The source who pleaded not to be named because she is not authorized to talk on the matter said that the ministry is worried that instead of making efforts to resolve the strike, the NAFDAC Director General decided to travel abroad.
“NAFDAC is a very sensitive agency. Many things in the country including safety of foods and drugs will get bad within this period due to the strike.
“We are concerned that instead of her working day and night to resolve the issues, she decided to stay away. The last time we were looking for her, we were told that she is outside the country. Who is she expecting to go and resolve the issues for her?
“In fact, we are not happy with her. She is lucky that the current minister is a patient person if not that could have cause her that position. But who knows what may happen in the days ahead if she did not sit up,” the source said.
However, speaking with our correspondent on telephone, the Chairman of the MHWUN, NAFDAC branch, Anzuka Peters, said that the union tried to ensure that the strike is averted but that the management was not willing to resolve the issues.
Responding to a question on some of the issues under contention, Peters said: “One of the reasons why we are on strike is that we have promotion areas of five years including 2018, 2019, 2020, 2021 and now 2022.
“Secondly is the issue of salaries. NAFDAC workers currently have no salary scale. They migrated us from Consolidated Health Salary Structure (CONHESS) to Research and Allied Salary Structure (CONRASS) which is alien to NAFDAC. NAFDAC is not a research institute. “That makes many workers to loose over N100,000 to N200,000. Others N50,000 depending on one’s rank. The least some people lose is 30,000 naira. That problem has not been solved.
“The federal government said they are ready to implement our Consolidated NAFDAC salary structure but that there was no money.
“They therefore, advised us to go and look inward in our revenue whether we can get some allowances that will be in commensurate terms with the salary we are asking for.
“We sat and created regulatory allowance, hazard allowance which we increased from 10 per cent to 30 per cent and other allowances which we arrived at a conclusion and we all agreed. But the management seems not ready to implement any agreement.”
Responding on the possibility of losing the WHO certifications and the Maturity Level 3 due to the strike action, the NAFDAC Media Consultant, Sayo Akintola, said that the WHO Team that conducted the assessment using its Global Benchmarking Tools that qualified NAFDAC for Maturity Level 3 commended the agency on the significant progress in the implementation of recommendations across the regulatory functions.
According to him: “Staff welfare was a key WHO-GBT used in assessing NAFDAC. The ML3 rating for Nigeria is for medicines regulation and vaccines.
“It’s impossible for the certification to be withdrawn over workers’ strike. Worker agitation for improved welfare is a global phenomenon. It’s a legitimate demand and management of NAFDAC is on top of the situation as negotiations with the union leaders are ongoing and they are making progress.
“Staff welfare has been paramount on the heart of the DG and she’s doing everything humanly possible to enhance the welfare of her staff whom she always commends for the milestones she has been able to achieve in the agency.”
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