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Bank loans to manufacturers, farmers, others hit N241tn – Investigation

Bank loans to manufacturers, farmers, others hit N241tn – Investigation


The total credit of Deposit Money Banks to the manufacturing, agriculture, oil and gas firms and companies operating in15 other sectors of the economy hit about N241.87tn during a four-year period, covering 2015 to 2018, an analysis of the banking sector credit has revealed.

The amount was arrived at based on the analysis of the credit given by Deposit Money Banks to these sectors of the economy during the four-year period as contained in a report obtained from the National Bureau of Statistics.

Findings revealed that the 18 sectors got the sum of N52.8tn, N61.04tn, N66.27tn and N61.6tn between 2015 and 2018.

A breakdown of the loans to the economy showed that the oil and gas sector with a total loan portfolio of N49.8tn accounted for the highest chunk of bank credit.

Further findings revealed that since 2015, loans to the sector had been on an upward trajectory as it got N8.72tn in 2015, N12.83tn in 2016, N14.22tn in 2017 and N14.01tn in 2018.

The total amount given out as loans to the oil and gas sector is about 20.6 per cent of the entire credit advanced by banks to the 18 sectors of the economy.

Our correspondent observed that the manufacturing sector with a total loan portfolio of N33.01tn during the four-year period accounted for the second largest beneficiary of banks’ credit.

But unlike the oil and gas sector that recorded quantum leap in year-on-year credit, such could not be said of the manufacturing sector.

For instance, loan to the manufacturing sector rose from N7.48tn in 2015 to N8.26tn in 2016. Between 2016 and 2017, the rate of increase recorded marginal growth from N8.26tn to N8.79tn before dropping to N8.47tn in 2018.

The N33.01tn loan which the manufacturing sector got during the four-year period was about 13.6 per cent of the total credit given by banks during the period.

Further analysis of the loan portfolio to the economy showed that credit to the government at N19.48tn followed the oil and gas and the manufacturing sector.

The loans from banks to the government was put at N3tn in 2015, N5.34tn in 2016, N5.49tn in 2017 and N5.64tn in 2018.

For companies that are engaged in trade and general commerce, the total loans from banks to them during the period under review was put at N16.38tn.

A breakdown of the N16.38tn credit showed that the sum of N4.32tn was provided in 2015 while 2016, 2017 and 2018 had N3.93tn, N3.89tn, and N4.25tn respectively.

Further findings showed that companies operating in the finance and insurance sector got the sum of N14.69tn.

The analysis revealed that the sector got N3.15tn in the first quarter, N3.49tn in the second quarter while the third and fourth quarter had N3.89tn and N4.15tn respectively.

Our correspondent also observed that the sum of N12.9tn was provided as loans to companies in the Information and Communications Technology sector. The amount was given thus: N3.26tn in 2015, N3.57tn in 2016, N3.3tn in 2017 and N2.96tn in 2018.

For farmers and other companies operating in the agriculture sector, a total of N11.41tn was provided as loans from banks during the four-year period.

Findings revealed that credit to the sector rose from N1.42tn in 2015 to N5.68tn in 2016 before dropping to N2.07tn and N2.23tn in 2017 and 2018 respectively.

In the same vein, companies operating in the construction sector received the sum of N9.71tn during the four-year period. This is broken down into N2.31tn, N2.39tn, N2.56tn and N2.45tn in 2015, 2016, 2017 and 2018 respectively.

For companies in the transport sector, the sum of N6.17tn was provided as loans by banks during the four-year period.

A breakdown of the amount showed that the sum of N1.68tn was given out as loans in 2015 while 2016, 2017 and 2018 had N1.75tn, N1.53tn and N1.1tn respectively.

Further analysis showed that companies operating in the power and energy sector received the sum of N6.51tn during the four-year period.

Out of this amount, the sector was funded with N1.33tn in the first quarter. For the second, third and fourth quarter, companies operating in that sector of the economy got loans of N1.6tn, N1.85tn and N1.67tn respectively.

Some finance and economic experts said that the Central Bank of Nigeria should reduce the lending rate to make it easier for businesses to borrow and expand their operations.

The experts said a reduction in the lending rate was long overdue as many businesses were currently finding it difficult to service their debt obligations.

A Developmental Economist, Odilim Enwegbara, said while the monetary authority had argued that lending rate could not be higher than the  inflation rate, in countries like Japan and Turkey, their interest rates are lower than the inflation rate and bank still lend.

He said, “The government must mandate banks to reduce it  (lending rate) and lend to key sectors of the  economy because one thing is for the rate to be lower and another is the banks’ willingness  to lend.

“If the lending rate is reduced, the cost in servicing debt by  the Federal Government would reduce.

“The government should make these banks to invest in the real sector instead of giving money to importers of finished goods. The manufacturing sector should get single digit lending rate , importers of finished  goods should borrow at 15 per cent while lending to the government should be done at a single digit. This will reduce the level of inflation in the country.”

The Lead Director, Centre for Social Justice, Eze Onyekpere, said that the high lending cost was a major reason why many debtors were finding it difficult to service their loans.

This, he added, had led to a continuous increase in the huge  non-performing loan portfolio of banks.

He said, “We have been saying it repeatedly that the high lending rate is not good for the economy. How do you expect a business to borrow money at 30 per cent and remain competitive? There is no way that kind of interest rate can support the growth of the economy.

“So the lending rate should be reviewed downward so that businesses can have access to cheaper funds, because that is what the country needs at this time.”

Source: PUNCH.  

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CBN wants to give you Loan

Creative Industry Funding Initiative.



It’s a new dawn for the creative industry as the Central Bank of Nigeria makes funds available for creative persons, who genuinely seek financing to grow their businesses under its Creative Industry Funding Initiative.

Just like it did to farmers under its Anchor Borrowers’ Program (ABP), where rice farmers got cheap capital to boost their production capacities, leading to Nigeria becoming one of the world’s largest producers of rice, the Central Bank of Nigeria, has launched a financing program for the creative industry in Africa’s largest economy to enhance productivity and wealth creation.

The Creative Industry

“Nigeria has the largest economy in sub-Saharan Africa and its fast-growing tech, film and fashion sectors have become a strong exporter of culture,” the British Council has said on its website.

Also, Nigeria’s culture and information minister Lai Mohammed said, “Our greatest strength lies in our creative industry, our music, and our films. That is one area we need to build on because that is one area we have a comparative advantage over many other countries.”

Nigeria’s creative industry is growing at an exponential rate with emerging talents in the fashion and film sector. But the chances of emerging from talents to creative entrepreneurs are quite slim due to the country’s harsh economic realities.

The country’s unemployment rate was at 23.1 per cent, from the previous rate of 18.8 per cent released in the third quarter of 2017, Nigeria’s National Bureau of Statistics said in December 2018.

Despite these challenges and even more, Nigeria’s creative industry is tipped to hold the key to reducing the growing unemployment rate and contribute to the nation’s economy. While the challenges are real, the opportunities in the creative industry remain limitless.

Operators in the industry might as well heave a sigh of relief as the CBN has taken it upon itself to make funds available to creative entrepreneurs to finance their dreams and grow their businesses and this loan is up to the sum of N500m.


The central bank, in collaboration with the Bankers’ Committee, as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Finance Initiative (CIFI).

A circular recently published by the CBN disclosed that four key areas in the creative industry are targeted for financing under the scheme. They are fashion, information technology, movie production and music distribution. Software Engineering students can also access loan from the scheme for use in their creative ventures.

According to CBN, prospective beneficiaries are only required to prepare their business plan or statement on how much they want for their business and approach their bank for the facility.

“You can get a loan of up to N3 million as a Software Engineering Student, N30 million for Movie Production business, N500 million for Movie Distribution business,” the CBN announced.

The facility covers rental/service fees for Fashion and Information Technology business and training fees, equipment fees, and rental/service fees for Music business.

The CBN added: “Go to any bank of your choice to access the fund. Tell your bank how much you need. Your bank will discuss your request and provide you with the money.”

The maximum interest rate of nine percent per annum  (all charges inclusive) is applicable to all loans with a period for the repayment of the loan ranging from three to 10 years, depending on the segment of the business.

For software engineering student loan, it is a maximum of three years to repay a loan while it takes up to 10 years for people in movie production and distribution and also fashion, information technology and music.

CBN Requirements

Prepare your business plan or statement on how much you want
for your business.


The creative industry in Nigeria is believed to have the potential to turnaround the economy, if given the right attention as the CBN and the banks are about to do under the CIFI scheme.

Although there are no precise data on the size of the Nigerian fashion market, the apparel and footwear market in sub-Saharan Africa is estimated to be worth $31 billion with the global apparel market valued at $3 trillion.

As of 2014, the film industry was worth N853.9 billion (about $5.1 billion) making it the third most valuable film industry in the world, behind the United States and India. It contributed about 1.4 per cent to Nigeria’s economy- this was attributed to the increase in the number of quality films produced and more formal distribution methods.

How we can help you?

COINBOX LIMITED is a Management consultancy firm which commenced business in 2012 and has successfully managed many projects, alongside establishing business systems that has revived dying businesses and optimised existing ones, we have also written business plans and proposals for new or existing businesses enabling them access grants and loans locally and internationally. 

We at COINBOX are experts in writing bespoke business plans and we want to help you. Our rates are pocket friendly.

Benefits of Writing a Business Plan

A well-written business plan helps business owners get their businesses off the ground and then grow.  A business plan serves as a road map to profitability and a guide for structuring and operating the business.

Prospective investors and lenders want to know what they are getting themselves into. Just as you would want to know the specifics of a mutual fund or stock portfolio before you put down money, your investors and creditors want to know if funding your business is a sound idea.

Your bankers want to know what you will do with the money you are requesting for and see clearly how you will pay back and still remain in business and the usual instrument is a well written business plan.

It is not so easy for early investors or lenders to measure a company’s performance. There isn’t adequate financial history available about new businesses, which means that you have to provide much more information about your vision and projected revenue to help them get a full view of what you’re doing or what the business is about. This is clearly defined in your business plan.

Business plans are valuable when trying to secure startup or expansion funding. Investors want to be confident that they will see a return on their investment. A business plan is a tool that can help you prove that your company is viable and poised for future growth.



Where we come in:

-We will help in writing  bankable business plans for you with financial projections of up to 3 years and more.

-We  will support you with the necessary advice required for accessing and managing the loan


Reach out to us today: or fill your contact details below.

37A, Ramat Crescent, Ogudu GRA, Lagos.




coinboxlimited@gmail.com and bukola.oyedokun@coinboxlimited.com.ng



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Voice for sme interview with the Mukasse bar owner Cynthia Owusu

Cynthia Owusu owner of Mukaase BarMeet Cynthia Owusu, the Ghanaian owner and the brain behind the success of #Mukaasebar. Creating a whole new level to jolliment and fun using African/Ghanaian drinks to refresh its lovers and those who wants to taste African original drinks, she had seen the need for a shift from the regular frizzy and unhealthy kind of drinks you get to taste in the bar and at events, and decided to make people enjoy the taste of African origins with health benefits.

She has definitely quenched the thirst of many who love African taste and her company has grown in the industry at local and international levels; she had decided to do what others would not do and go where others would not go in the African/Ghanaian drinks industry.

Mukaasebar provides fresh drinks that are natural, healthy, refreshing and ignites our taste buds.
Cynthia Owusu can be regarded as a lover of African/Ghanaian drinks, whose love and passion for this can be seen in how she makes others enjoy this African goodness as she calls it.

At Mukaase bar you get the best taste of Sobolo, Asana, Pito, Lamugin, other fresh fruit juices and so much more.
Our seasoned correspondent #AyoEmakhiomhe met with her to tell us her success story and her uniqueness in this business.
Her passion for the industry is so powerful that she is taking it to a whole new dimension into the Mukaase Bar. Her bar is presently located in Ghana and Nigeria.
The social media handle is @the_Mukaasebarcompany and she can be reached by email – themukassebar@gmail.com OR call +233-505-787-794

Please remember to like our video and follow us on our blog and social media handles @voiceforsme

CLICK the link TO WATCH the video: https://youtu.be/gW6t7NIiuE8


top 10 personal money mistakes

Top of Form

Bottom of Form


Top 10 Most Common Financial Mistakes


Updated May 24, 2018

Here we’ll take a look at some of the most common financial mistakes that often lead people to major economic hardship. Even if you’re already facing financial difficulties, steering clear of these mistakes could be the key to survival.

Mistake No. 1: Excessive/Frivolous Spending

Great fortunes are often lost one dollar at a time. It may not seem like a big deal when you pick up that double-mocha cappuccino, stop for a pack of cigarettes, have dinner out or order that pay-per-view movie, but every little item adds up. Just $25 per week spent on dining out costs you $1,300 per year, which could go toward an extra mortgage payment or a number of extra car payments. If you’re enduring financial hardship, avoiding this mistake really matters – after all, if you’re only a few dollars away from foreclosure or bankruptcy, every dollar will count more than ever. (For more insight, see 15 Simple Tips to Save Money.)

Mistake No. 2: Never-Ending Payments

Ask yourself if you really need items that keep you paying every month, year after year. Things like cable television, music services or fancy gym memberships can force you to pay unceasingly but leave you owning nothing. When money is tight, or you just want to save more, creating a leaner lifestyle can go a long way to fattening your savings and cushioning yourself from financial hardship. (For more on this, see Bloated Budget? How to Trim the Fat.)

Mistake No. 3: Living on Borrowed Money

Using credit cards to buy essentials has become somewhat normal. But even if an ever-increasing number of consumers are willing to pay double-digit interest rates on gasoline, groceries and a host of other items that are gone long before the bill is paid in full, don’t be one of them. Credit card interest rates make the price of the charged items a great deal more expensive. Depending on credit also makes it more likely that you’ll spend more than you earn. (See also: Credit, Debit and Charge: Sizing Up the Cards in Your Wallet.)

Mistake No. 4: Buying a New Car

Millions of new cars are sold each year, although few buyers can afford to pay for them in cash. However, the inability to pay cash for a new car means an inability to afford the car. After all, being able to afford the payment is not the same as being able to afford the car. Furthermore, by borrowing money to buy a car, the consumer pays interest on a depreciating asset, which amplifies the difference between the value of the car and the price paid for it. Worse yet, many people trade in their cars every two or three years, and lose money on every trade.

Sometimes a person has no choice but to take out a loan to buy a car, but how much does any consumer really need a large SUV? Such vehicles are expensive to buy, insure and fuel. Unless you tow a boat or trailer, or need an SUV to earn a living, is an eight-cylinder engine worth the extra cost of taking out a large loan?

If you need to buy a car and/or borrow money to do so, consider buying one that uses less gas and costs less to insure and maintain. Cars are expensive, and if you’re buying more car than you need, you’re burning through money that could have been saved or used to pay off debt.

Mistake No. 5: Spending Too Much on Your House

When it comes to buying a house, bigger is not necessarily better. Unless you have a large family, choosing a 6,000-square-foot home will only mean more expensive taxes, maintenance and utilities. Do you really want to put such a significant, long-term dent in your monthly budget? (For more, see Mortgages: How Much Can You Afford?)

Mistake No. 6: Treating Your Home Equity Like a Piggy Bank

Your home is your castle. Refinancing and taking cash out on it means giving away ownership to someone else. It also costs you thousands of dollars in interest and fees. Smart homeowners want to build equity, not make payments in perpetuity. In addition, you’ll end up paying way more for your home than it’s worth, which virtually ensures that you won’t come out on top when you decide to sell.

Mistake No. 7: Living Paycheck to Paycheck

In March 2018, the U.S. household personal savings rate was just 3.1%, according to Federal Reserve data. Many households are living paycheck to paycheck, and an unforeseen problem can easily become a disaster if you are not prepared. The cumulative result of overspending puts people into a precarious position – one in which they need every dime they earn and one missed paycheck would be disastrous. This is not the position you want to find yourself in when an economic recession hits. If this happens, you’ll have very few options.

Many financial planners will tell you to keep three months’ worth of expenses in an account where you can access it quickly. Loss of employment or changes in the economy could drain your savings and place you in a cycle of debt paying for debt. A three-month buffer could be the difference between keeping or losing your house.

Mistake No. 8: Not Investing

If you do not get your money working for you in the markets or through other income-producing investments, you cannot stop working – ever. Making monthly contributions to designated retirement accounts is essential for a comfortable retirement. Take advantage of tax-deferred retirement accounts and/or your employer-sponsored plan. Understand the time your investments will have to grow and how much risk you can tolerate. Consult a qualified financial advisor to match this with your goals if possible.

Mistake No. 9: Paying Off Debt With Savings

You may be thinking that if your debt is costing 19% and your retirement account is making 7%, swapping the retirement for the debt means you will be pocketing the difference. But it’s not that simple. In addition to losing the power of compounding, it’s very hard to pay back those retirement funds, and you could be hit with hefty fees. With the right mindset, borrowing from your retirement account can be a viable option, but even the most disciplined planners have a tough time placing money aside to rebuild these accounts. When the debt gets paid off, the urgency to pay it back usually goes away. It will be very tempting to continue spending at the same pace, which means you could go back into debt again. If you are going to pay off debt with savings, you have to live like you still have a debt to pay – to your retirement fund.

Mistake No. 10: Not Having a Plan

Your financial future depends on what is going on right now. People spend countless hours watching TV or scrolling through their social media feeds, but setting aside two hours a week for their finances is out of the question. You need to know where you are to know where you are going. Make spending some time planning your finances a priority.

The Bottom Line

To steer yourself away from the dangers of overspending, start by monitoring the little expenses that add up quickly, then move on to monitoring the big expenses. Think carefully before adding new debts to your list of payments, and keep in mind that being able to make a payment isn’t the same as being able to afford the purchase. Finally, make saving some of what you earn a monthly priority, along with spending time developing a sound financial plan.

Source: Investopedia


Opportunities in the events industry are not being tapped in Nigeria – Temmie Tsoule


Meet Mr. Temmie Tsoule, the founder of #eventmarketnigeria and #eventindustrynigeria – EMN/EIN.
Having gone through the event industry as an onlooker and practitioner from top to bottom, he had seen the need for a platform to bring all the players & stakeholders in the event market value chain together.
Having done all in the industry at local and international levels, he had decided to go do what others would not do and go where others would not go in the event industry.
He can be referred to as the trail blazer breaking new grounds in the event industry.
Our correspondents Ayo Emakhiomhe & Wole Akeju meets up with him at his Surulere Nigeria office to appreciate his vision.
His passion for the industry is so strong that he has given up his company to focus on Event Market Nigeria – EMN/Event Industry Nigeria – EIN; watch video below

Their office is located at 14, Adisa Bashua Street, Surulere, Lagos Nigeria with Liason offices across the country.
The websites are
www.eventmarket.ng and www.eventindustry.ng
They can be reached by phone on +2348082022788   
The platform is open to membership and runs the system as an empowerment platform for every player on it offering value added services to everyone that joins.

Please remember to click on the “subscribe” button to subscribe to our channel and follow us on social media – @voiceforsme


She exposes kids to be street wise without actually being on the road, Anyanwu Oluseyi, , founder of Apt Foundation School

Anyanwu Oluseyi is the founder of Apt Foundation Nursery & Primary School, Oworonshoki, Lagos. The school came to birth after Creative Children Learning Centre (CCLC), after realizing that kids between ages 1-2 years are out of school

because of the fact that their parents go to work and the kids needs to be placed in somewhere safe, as well as learn, not just a play school.

The centre opens as early as 6am in the morning, mainly for parents that have to go out for work that early, and closes as late as 9pm in the evening.

The centre exposes kids to learn morals and proper upbringing, as well as to be street wise without actually being on the road. They also learn to drum

pictoral recitations not just head recitation, sex education showing different zones of the body (private places that people are not allowed to touch and public places that they are

allowed to touch), basic traffic rules, manners. The kids are given projects and regular assignments as a way of teaching and learning,

Only 4% of the students leave for home after close of school, others stay for after school because their parents are at work.

Moreover, the school system recognizes the individual differences of every kid in the school, so the after school setting is such like a home lesson pattern

You can reach Anyanwu Oluseyi on phone at  +2348099081872


“The cost of mortgages will come down drastically in Nigeria” Mrs. Olajumoke Fashanu


Mrs. Olajumoke Fashanu is the MD/CEO of Firsthome Mortgage Brokers Limited; the foremost mortgage broking company in Nigeria. She is a highly intelligent, highly motivated, and very insightful personality leading the mortgage industry with a passion to provide a home for every Nigerian on the face of this earth.

Related: https://www.coinboxlimited.com.ng/addressing-housing-shortage-in-nigeria/

According to her “we have a housing deficit of more than 17 million units in Nigeria” and stated that the major reason for this is ability to afford the homes by those that need it but “The cost of providing mortgages will come down drastically” as government is working on schemes in partnership with pension funds to address the high cost of mortgage in the country.

She sees mortgage as an age challenge and believes that access to mortgage financing should be from a young adult age – “the earlier a young person realises they want a home, the earlier they are to start saving”.

She can be considered a trail blazer and an innovator as she started mortgage brokerage when it did not exist in Nigeria and when there were no laws in the country guiding its establishment and operations. At this time, such a venture is like suicide but she took the leap in faith but instead of dying she has soared higher and higher with her company – Firsthome mortgage brokers limited who is the leading company in Nigeria for the provision of mortgage brokerage services in the country.

She brings a message of hope as she says that “It is not that there are no houses but there is a mismatch” all that needs to be done is to realign people with homes that suit their pockets and needs not wants and many people with have a roof over their heads.

this is a 2-part interview. the first one is below:

In the second part of the interview, she talked about the parties to ensuring the success of Mortgage delivery in Nigeria and some of the loans available to the public.

These include:

  • Rent-to-own mortgage where you build equity and then get into the mortgage and pay back in form of rental payments
  • home ownership mortgage by the Federal mortgage bank of Nigeria
  • Renovation Loan by the Federal Mortgage Bank of Nigeria and others.

She also had some advise for women coming up in business as entrepreneurs and those coming in to the real estate industry. Watch the second part of the interview below;

Having talked with her, we still had a brief interview with her Head Business development – Mr. Ayodele Idris, who gave us a brief walk through of the brokerage process. watch below;

Please remember to subscribe to our YouTube channel as you watch and also follow our blog for more such intriguing and informative videos. Also follow our social media handles @voiceforsme







Cake making is a passion for me; Voice for SME interview with Temitope Jimoh

Voice for SME crew had a meet with the Creative Director, Jadore Cakes, Miss Temitope Jimoh. She is a bundle of fun and our time with her was enlightening, especially when she gave us an expose of the pastry business.

Jádore Cakes is French for I love cakes. Loves the sight of cakes, and according to her, cutting them was traumatic. She just loved keeping cakes beautiful, all so that she could look at them

“I started Jadore Cakes to give people an experience and quality that will be hard to find anywhere else in Nigeria.”

Vision, according to Temitope is a mirage, something you have to keep looking up to, it’s seen as a milestone you keep attaining each time, which has to evolve, if it’s not working for you, you have to change it, if it’s not sustainable, you have to break it down

Inspired by Steven Covey’s concept of ‘Circle of Influence’ (7 Habits of Highly Effective People), where you concentrate more on the things you have control over and not vice versa. She discovered that if she could move certain things to where she would have control, she will rather do that than complain. This is seen with her ability to do her website and graphics designs, as well as take photographs herself, after some frustrating experiences from the so call professionals.

According to her, she said that initially she had no control over them, but by the time she learnt and mastered the art, thereby bringing them back to the things she has control over.

She ventures into training students online for subscribers outside Nigeria. Aiming to make Jadore Cakes become a household name that will be able to service children because she is so passionate about children’s cakes, as seen from her walls. According to her, she thinks like a child.

Jadore Cakes office is at 12, Femi Ogun Street, Magodo, Ikeja, Lagos State.

Website is www.jadorecakesng.com

You can reach them on phone at +2349090004691

RELATED POST: click here

Jadore cakes


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I Have Been in Fashion Since 2003; Voice for SME interview with Samuel Musa

Vincent Gath Clothing Company manufactures premium quality product for ready to wear off the rack. A Nigerian brand that has made its way into the market that is dominated by western products, with a goal to become Nigeria’s largest garment manufacturing and retail brand company in & out of Nigeria. Established in 2008, after the founder Samuel Musa, who also is the creative director, graduated from Covenant University same year. He studied Estate Management.

The name Vincent Gath was coined from the combination of Musa’s parents’ names: Vincent, for his father, and Gath for ‘Agatha’, for his mother. The brand houses an interesting production process which begins with Musa himself, the chief creative director. He conceptualizes the designs and creates sale-able product, then illustrate the design into visuals, which is communicated to the team of tailors, who then go to the market to source for suitable fabrics for the design.

Once the fabrics are sources, there would be further discussions on the designs and tailors, and patterns will be created, and a sample is produced. The sample is now subjected to a market feasibility review, which once approved, will undergo for mass production, where it will then make its way to the retail stores where the products are sold.

The brand is retailing in over 4-5 stores in Lagos and Abuja, and currently in South Africa

Vincent Gath office is at 7 Oladeinde Street Anthony Village lagos

You can reach Vincent Gath on phone at  +2348092195904


GM, Thriving Enterprise Development Center, Dr Bukola Adewakun

Dr Bukola Adewakun is a trained veteran. She is also the GM of Thriving Enterprise Development Center. After graduating, she was privileged to get training by her brother and after training, she got into human resource management. She is been a human resource manager for the past 12 to 13 years.

Presently, she is the General Manager of thriving enterprise development center. Thriving enterprise development center is a business school that started 3 years ago. The reason for the school was the downfall of startup/ small businesses.

The school helps with the training on how to start, run and grow your business to a world class business.

They do a 2 weeks intensive programs which are in 3 modes. They also do 1 day training programs. They have trained 2000 people during the 1 day training program. They also teach different skills and they conduct summer schools and programs for children from ages 10 to 20.

They also teach you all the tricks of business and they pay attention to every kind of business.

The aim of TEDC is not just to train but to train and follow up, to ensure that they actually get the success that they are looking for. They have a mentoring program which follow up every candidate that attends the program.