The Cartoonist Blogger

GRIM, WHY GRIM.
No Food to Eat, No Light to see or do my work and No Security.

Why I No go dey GRIM.

GEJ - My Dear Nigeria, Sorry I Have to do this to You whether you like it or not, I showed you the Waters (Fountain of Fuel Subsidy) to drink but you refused and yet your situation is not getting any better.

Now you have to take this Bitters (Subsidy Removal Bitters) so that it can cleanse your System of all forms of Corruption that has kept you in this terrible situation.

Now Open Your Mouth and drink this Bitters or I ...

My Dear Nigerians, I Have brought you to the water (The Fountain of Fuel Subsidy removal) and you have to drink or we may have some serious problems if we continue with this thirst. GEJ.

We might not find a better stream than this at this time to enable us achieve our developmental goals.

Nigerian People are you willing to drink this???

Starting up a business and keeping up with that business is a tough herculean task considering all the hassle one will need to go through just to start up the business. In surviving and running such a business in Nigeria requires a lot of innovativeness.

Here are some of the known Challenges that most Business owners or starters would definitely have to face while starting or running their businesses.

1. Lack of Infrastructure
The first business challenge you will face when doing business in Nigeria is infrastructural challenge. Nigeria lacks the basic infrastructure and logistics to support entrepreneurship. If you are going to run a successful business in Nigeria; then you must have the financial muscle to provide your own infrastructure.

Take for instance you want to start a manufacturing firm in Nigeria; you will need to build your own factory, provide your own water supply and other amenities that encourages business operations. Infrastructural challenge will directly or indirectly increase your start-up overhead cost so you have to properly factor in this challenge in your business plan.

2. Poor Power Supply
Poor power supply is the next challenge militating against the successful growth of small business start-ups in Nigeria. Successful companies operating in Nigeria has found a way to deal with the challenge of power supply by providing their own power. while few others have moved into neighboring countries where power supply is stable. If you are successfully going to operate a business in Nigeria; then you must map out a plan to curtail the harsh effect of poor power supply.

3. Inadequate Security
Security is the next challenge you must deal with especially if you are a foreigner wanting to invest in building a business in Nigeria. apart from the efforts of the security forces you still need to factor in the cost of providing a private security for your business to avoid the unwanted that can ruin your business.

4. Inconsistent Government Policies
Government inconsistency is really a challenge you will have to tackle if you must succeed in Nigeria as an entrepreneur. Governance is something entrepreneurs have no control over; all entrepreneurs can do is to influence government’s policy with respect to enacting favorable business laws. But you must have political clout and massive resources to be able to influence government laws. The best strategy to combating the ever changing policy of the government is to keep a keen eye on government laws and swiftly adjust your business to align with the policies.

5. Transportation Challenges
The next challenge of doing business in Nigeria is the poor transportation standard. As expected; the dependable source of raw materials may not be situated close to its market. So you will have to decide if to locate your business close to the raw materials or close to your market. Either way; transportation of either raw materials or finished goods will be involved and this will pose a great challenge if you intend operating in Nigeria.

6. Inability to access funds
Of all the business challenges involved with starting a small business in Nigeria; this one interest entrepreneurs the most. Inability to access funds and banks unwillingness to support entrepreneurship and small business is the major barrier to massive entrepreneurship growth in Nigeria.

7. Lack of Governmental Support
The last but not the least challenge of doing business in Nigeria is government’s insensitivity to the plight of entrepreneurs and small business owners. And the result of these insensitivity surfaces in the form of double taxation, unnecessary levies and duties; and high cost of obtaining business licenses.

8. Corruption
Corruption is a cancer that has eaten deep into the hearts of governance in Nigeria and can be seen in almost all aspects of governance and organizations here in Nigeria, When starting or running a business in Nigeria you need to be aware of such challenge and make sure your business is genuine and you have acquired all necessary document needed to certify your business or else you might become a money bag for some people who will want to take advantage of you and ripe you of the little money you are trying to use to run your business.

In conclusion, Doing business in Nigeria can be so challenging but if you are able to overcome this challenges you will surely enjoy doing business in Nigeria as you have a ready market for whatever business you want to operate in Nigeria that will be willing to give you the financial pleasures you want to derive from your business but that's if you are willing to put in the effort to make yourself a brand in that business niche.

I highlighted these challenges not to discourage anyone wanting to start up a good business in Nigeria; but to help you prepare in advance in order to overcome this challenges and take up business to the zenith.

Best of Lucks.

A Statistics by a Federal Government agency, Rural Road Access and Mobility Project, has revealed that 85 per cent of Nigerians roads are in bad condition.

Only about 15 per cent of more than 16,000 kilometers of secondary and tertiary roads in the country were motorable while the local government roads were worst hit as about 70 per cent of local government were roads impassable.

Out of over 160,000 kilometre of secondary and tertiary roads in Nigeria, with an average registered network of 4,000 kilometres per state, only about 10 to 15 per cent is paved.“While a large proportion of this network remains in poor or very poor conditions, with only 15 per cent of federal roads in good conditions, it is sad to note that rural roads that are statutorily referred to as local government roads which constitute about 132,000 kilometres (67.7 per cent) of the entire road networks in Nigeria are the worst hit by this state of disrepair.”

This bad roads has several negative effect on agriculture as about 20 per cent of total agriculture production never reached the market due to bad roads.

This roads are generally in poor condition, leading to loss of several lives in road accidents, causing damages to vehicles, and contributing to hazardous traffic conditions in spite of the huge resources channeled toward road constructions , yet the deplorable conditions of most Nigerian roads still persist.

How Long will Nigerians continue with this Situation.

Well this is just a Comic for thoughts, The Nigerian house of reps has probed almost every sector of the economy but yet we can't find who is being gutted by any of this probes and who knows what's going to come out in this recent on-going probes by them.

The weakness of the local currency, the Naira is likely to be temporary, the Central bank Governor, Mallam Sanusi Lamido Sanusi has assured over the weekend.

Sanusi told Reuters that the monetary tightening measures have started taken effect and it will, strengthen local currency.

The Naira slumped to its lowest ever on Monday, just before an emergency Central Bank of Nigeria (CBN) meeting where interest rates were hiked far further than analysts expected and several other tightening measures were imposed.

The Naira initially recovered from the record low of 167.8 to the dollar as the CBN backed up its interventions by selling over $1 billion into the market in a week, traders said.

But trading on the local currency remains volatile with dealers not willing to quote actively. The Naira ended the week at 164.05 in the interbank market, far weaker than at the central bank's auction on Wednesday when the regulator sold $591.67 million at 150 Naira to the dollar

"My feeling is the Naira is going to strengthen as measures kick-in," Lamido Sanusi told Reuters in a telephone interview. "What you are seeing this week is not the long-term trend.

CBN has been trying to save the local currency from depreciating by maintaining it within a band of +/-3 percent around 150 naira to the dollar but analysts say the options left for the regulator may be limited given falling reserves and weak oil prices.

Under pressure to keep up with rising dollar demand, CBN breached its own rule earlier this month by selling outside the 145.5-154.5 naira/$ band at a series of auctions, creating uncertainty about the value of the naira at the interbank market .

I just hope the naira gets strengthened again to avoid putting more higher risks on the economy.

3 Former PDP Governors finds themselves in Hot fire as Charges of corruption is being raised against them. and it seems their defense is quietly departing from them.

Lets just watch to see how it goes if they will all come out unhurt like several others.

What a great way to start saving some huge money for the Country.

Nigeria's President Goodluck Jonathan has divulged that Nigerians would continue to witness low key independence anniversary till 2014 when there would be an extravagant carnival.

The President made the disclosure at a Press Conference in Urugwiro Village, Rwandan Presidential Villa, shortly before he concluded a two-day visit to Rwanda.

According to him, 'Nigeria's independence anniversary in 2012 and 2013 would not be different from the low key celebration of Nigeria's 51st independence anniversary last Saturday, October 1, just as the 2014 independence anniversary would be merged with centenary celebration to mark 100 years of amalgamation at the twilight of his administration on May 2015.

The Federal Government had opted for a low key celebration of Nigeria's 51st independence anniversary at the forecourt of the President's office in the Presidential Villa instead of the Eagle Square which had been the venue of major national events.

Huhuonline.com sources say that 'The Government had insisted that the low key celebration was to cut cost having spent huge amount of money on Nigeria's 50th independence anniversary celebration as well as the inauguration ceremony of the President and Governors of the 36 States in less than one year.

Meanwhile, the Minister of Information, Labaran Maku, denied that the low key celebration was due to threats by the violent Islamic Sect, Boko Haram and the Movement for the Emancipation of the Niger Delta (MEND) to bomb the Eagle Square on the day of the celebration.

Whether its the Fear of Bombing or whatever Thank GOD that at least those who have always used this as an avenue to wealth can only just get a little chunk of Our Money this time.