Welcome to Kadilak Eke's Blog

  The Tony Elumelu Foundation (TEF) is the leading champion of Entrepreneurship & Economic Development in Africa. Frequently Asked Questions ( FAQs ) on TEF2024 grant application. Applications are currently ongoing. Q:  How do I apply for TEF grant? A: The Tony Elumelu Foundation Entrepreneurship Programme is open to Africans from all 54 African countries with scalable business ideas or a business that has been operational for no more than 3 years. Applicants must be 18 years of age and above. Interested applicants may register on  www.tefconnect.com   Q:  Is there a registration fee to be paid before TEF Application?  A: TEF has NOT appointed anyone to act on her behalf to conduct any part of this Programme. This Programme is online, and it is FREE! If anyone is asking you to pay any amount of money in exchange for developing your business plan or pitch, it is a scam. Please report it immediately by sending an email to tefimpact@tony...

  You Could Be The Next Winner of FMN - Prize for Innovation! Calling all Nigerian students and registered businesses in the agro-processing and food production sector! Application for FMN Prize for Innovation Season 3 is now open. Do you have a groundbreaking solution for driving food self-sufficiency through precision agriculture and are ready to showcase your creativity, innovation, this opportunity is tailor-made for you. Register and submit your application now.   Don’t miss out on this opportunity to make your inventions and ideas global. Apply HERE #fmnprizeforinnovation #fmngroup #fmnagro #pfi

The second Reimbursement for NG CARE has commenced. The programme is of 3 categories, if you vetted before now and it didn;t work, maybe you should try other categories. The categories are: 1. DLI 3.1: Credit Grant If your business borrowed money after June 15, 2020, and you need financial support to pay the loan. 2. DLI 3.2: Operations Grant If your business pays for supplies, rent, salaries, utilities, etc, and you need financial suport for these. 3. DLI 3.3: IT Enhancement Grant If your business needs technology tools such as e-commerce website, POS, stock or warehouse management, mobile applications, productivity suites, etc If you have not applied, you can do so HERE

If you own a business or intend to start a business in the South-East, this grant opportunity is for you. Apply HERE before deadline.

Before we answer this question, we first need to know why the question is asked in the first place. Why? 1.      The Interviewer is assessing your sales abilities and approach to selling. 2.      The interviewer want to see how confident you are when you are put on the spot Part of what you should not do when answering this question is that you should not talk about the benefits of the pen and how good its quality is. For example, “this is a great pen, it is smooth and it has a great feel!” 3 STEPS PROCESS TO ANSWER CONFIDENTLY 1.      Create demand: Ask the interviewer how often they use a pen. They might answer “I don’t use one that often, to be honest”. Then you say “You’re clearly a man of success, am I right in assuming you will sometimes use a pen to sign important sales and employment contracts?” They will answer “Yes, that’s correct”. Then you respond “By the way you have conducted this interview, and the prof...

Have you applied for grants opportunities and failed? Do you know there are steps to take to answer questions grant funders ask in grant application? Buy Ebook for 1,000 Naira and see yourself winning grants for you business this year.  Inside: More than 15 grants opportunities you can apply for.  Buy HERE

  Do you know that used pet bottles can be recycled to something useful? Lagos for instance produces about 30,000 tonnes of plastic waste per day and only 30 percent of these waste are recycled. Bricks made from pet bottles (plastic waste) is tested to be stronger than conventional bricks, it is also better in terms of valuation, water absorption, and compressive strength. Cement being the most significant agent of binding for building brick and with the seasonal fluctuation in its price especially in Nigeria, it can be replaced with plastics. Procedure: 1.      Pet bottles are collected and labels are removed 2.      A pan is put on fire and the pet bottles are put into the pan 3.      The bottles burns and sand is put into the mixture while you stir until it gets to viscous level 4.      The mixture is hurriedly put into the mold that will form the desired shape of the brick/pavers. 5. ...

Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu in her X handle stated the link for a new Npower registration will be announced on Monday 8th January 2024. She further stated that the registration is free and can be done online. Follow Kadilak Eke's blog for details regarding registration and procedures.

  In this article we will get to know the components that make up a financial statement. What is financial statement? Financial statements are report that summarizes important financial decision of your business.   There are three main components of financial statement: 1.      Balance Sheet 2.      Income statement 3.      Cash Flow statement Balance Sheet: It’s a snap shot of your business as it currently stands. It tells about the assets and liabilities. It is broken down into three categories: Asset, Liabilities and Equity. Asset can be broken down into current asset and fixed asset. Liabilities are debt you owe other people. Equity is the remaining value of the company after subtracting the liability from the assets. Income Statement: It tells you how much money a company have spent and how much profit it has made for a specific period Cash Flow Statement: This is how much enters and left you...

Do you know that Agribusiness is the new crude oil? Do you know you can make millions from Agriculture?  Are you an entrepreneur or an aspiring entrepreneur into Livestock farming, Crop farming or food processing. This eBook is a game changer for you in your quest of sourcing for funds for you business or idea. It contains workable steps you can take to make your Agribusiness bloom and to source for funds from grantors easily. Guess what? Its just 1,000 Naira and can be downloaded  HERE  

 The Tony Elumelu Foundation grant offers $5000 to more than 1000 African businesses. The Tony Elumelu Foundation is the leading philanthropy empowering a new generation of African entrepreneurs, driving poverty eradication, catalysing job creation across all 54 African countries, and ensuring inclusive economic empowerment. Since the launch of the TEF Entrepreneurship Programme in 2015, the Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, and disbursed nearly USD$100 million in direct funding to 18,000 African women and men, who have collectively created over 400,000 direct and indirect jobs. The Foundation’s mission is rooted in Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent. The Foundation’s ability to fund, train, mentor, and network young African entrepreneurs, has created a unique platform for catalysing growth acros...

  Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. Upon saying that, all his management team, himself included, teared sadly. Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful. They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival. The message of this story is, if you don’t change, you shall be removed from the competition. It’s not wrong if you don’t want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated. Conclusion: The advantage you have yest...

BOI-FGN SINGLE DIGIT LOANS FOR MSMEs TO COMMENCE JAN 2024  In keeping to President Bola Ahmed Tinubu’s promise to support the transformation of the MSME space in Nigeria, the Office of the Vice President in collaboration with @BOINigeria is set to commence the disbursement of loans to MSMEs by January 2024.  The loans, totalling about N75 billion, will be given to small businesses across the country at an interest rate of 9 percent. The Federal Government and the Bank will leverage existing platforms to provide the loans to small businesses, targeting women and youths.  Recall that the Federal Government has since the coming to office of the Tinubu administration, collaborated with stakeholders across the public and private sectors to provide massive support for MSMEs both in grants and loans. Recently, the management of Access Bank Plc approved an upward review of its loan scheme for MSMEs from N30 billion to N50 billion.  The upward review, according to the bank, i...