Elombah
Take a fresh look at your lifestyle.

Economic endeavours for poor and rich – From E C Elombah

55

Nigeria is a land of many possibilities. The country is blessed with many natural and human commodities. 

There are many natural resources such as petroleum, gold, tin etc. Many of these minerals are being mined by companies that yield income to the government. 

The government can provide such amenities as electricity, road, market etc. The salaries of teachers and other civil servants are being paid or so.

In recent times, the needs and wants of the citizenry have increased. People are no more satisfied with farming and producing most of the goods they need. 

People are educated in many and varied disciplines and there are division of labour and specialization. 

Modern living creates artificial scarcity of goods and services.

Many Nigerians look up to the government to provide companies and other institutions to offer them employment and social benefits. 

However, modern developments are rendering the government incapable of meeting these requirements. 

The cost of goods and services is getting higher than the means of acquiring them. Some can afford to buy what they need while others cannot. 

The latter ones may need to reassess their business to see how to make ends meet.

There are many low income businesses some are doing in Nigeria and yet they can meet their basic needs of food, shelter and the education of their children. 

There are also medium income earners and yet others have grown rich.

Many Nigerians, both educated and uneducated are farmers. Agriculture is taught in Nigerian schools, both secondary and tertiary. 

Some farmers produce their crops with or without artificial fertilizer; with irrigation or without it. Nigerian farmers produce yams, maize, rice, beans, groundnut etc. 

Many Nigerians who were brought up in the village can be familiar with the methods of producing one or more agricultural products in commercial quantity. 

For such ones, farming may be a viable venture. They may also attract federal or state government loans. 

Other viable agricultural ventures include rabbit rearing, fish farming, snail farming, livestock farming, poultry etc.

Some Nigerians are traders or they may be children of traders. Everyone knows how to go to the market and bargain for commodities. 

Either one is a seller or he is a buyer. Some sell provisions, food items, general articles and building materials. 

Others deal on cement, timber, fish, meat, etc.

One can also learn to make buns, chin-chin, cake, local custard etc. A person can run a restaurant or sell fast foods. 

Other trades that one can learn include fashion and design, framed aluminum-glass, carpentry, masonry, bar bending, or learn to become a building contractor. 

If you would like to learn to become a building contractor online, contact this writer through publisher@elombah.com or ephraimchigbo@gmail.com. 

It is interesting to know that Nigerians are hardworking people. They have survived different government economic policies. 

Some have survived through selling pure water. Some engage in this business whether or not they have a refrigerator. Some sell ice block. 

They get deep freezer, usually the partially used one popularly called tokunbo, then they settle in a busy area with large umbrella and business is on.

Some Nigerians are fortunate to belong in the middle income group. Some of such ones may be selling cement or they may be selling blocks or some other products. 

Someone can learn web design and sell online.

Also, Nigerians can come to the aid of fellow Nigerians, since waiting on the government seems to be futile. 

Since some trade may cost as low as ₦20,000 to start, somebody can start business with up to 4 or 5 people, enter into agreement with each one on how to share the proceeds and still grow richer. 

If there are 150 million people in Nigeria, 30 million employed people, another 50 million under-employed people, then if each of the employed Nigerians starts business with about 5 unemployed persons, the whole of Nigerians will become employed (without need of government assistance).

One can deal on fire wood as a low income earner and still meet his basic needs. 

Someone can choose from any of the businesses mentioned here. Good planning is required. 

A person venturing into any of these businesses should first undertake a detailed market survey to verify where and how to start. 

If the intended business he wants to start requires money, he may have to raise the money. He may have to learn the trade for a period of time before starting on his own.

There are many businesses one can start in Nigeria. The person should be confident and determined. 

Try to learn from those who have previously been in the business. Also look forward to God’s blessings on your efforts.

From Ephraim Elombah

 

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