Thursday, 7 February 2013

Ideas for small scale business ventures

The western nations and the Asian tigers we admire so much today as industrialised nations are actually countries that have come to appreciate the role of industry in their economies. Industry is tangible; it can be seen in the ways in which it improves the lives of citizens in an economy.
Those placed in charge of the economy in Nigeria often use figures to replace tangibles. The economy may be said to be growing (statistically) but the proof of those figures should be evident all around us. A few weeks ago, I wrote on the ceramics industry and the spate of closures that have occurred in the last two decades in that subsector – all happening while we were busy importing exotic ceramic items to titivate Abuja.
Some respondents to that article complained that I was getting the government overly involved in issues that should be tackled by the private sector; citing the economies of the developed world that are essentially private sector driven as examples. I engage government in my write-ups because industry, though it deploys human dexterity, natural resources, and technology; needs the oxygen that only favourable policy provisions can supply to thrive; and this is the government’s purview! For example, we do not have robust ceramics industries today, not because we have never had them; or because the people have no drive for industry. The ones we had collapsed because they were not protected by deliberate, clued-up policies that could sustain their operations. Capital and its drivers only plough where they are sure to make profit. If the operating environment is fouled up by stifling laws and ambiguities, businesses face an inevitable death and investors flee.
When former President Obasanjo rolled out a progressive policy on cassava development in 2002, it spawned many small scale industries as enumerated in my article on that sector; however, when that policy was needlessly reversed in 2008 by late Alhaji Musa Yar’adua, over 90 per cent of those new businesses closed shop! Policymakers and drivers ought therefore to be more responsive in handling their sensitive and privileged offices to encourage the growth of industry in Nigeria. The same can be said of our long lost tin, leather, groundnut, etc. economies which are now myths that we keep recycling over coffee at conference tables. Those ‘good old days,’ can still be reinvented with the right policies.
It is not all bad news. The transformation agenda of the present administration has articulated programmes that would lay the foundation for Nigeria’s much awaited industrial take-off.  If the pronouncements in this document are not mere lip service, we might be headed for a believable departure from underdevelopment. One of the conditions for an industrial launch, according to a field of thought, is agricultural production and the current Minister of Agriculture, Dr. Akinwunmi Adesina as people now speak of him, is all geared to take agricultural production to the next level.
Agricultural production and processing of primary goods however, require the input of science and technology to impact the socio-economic life of the citizenry. As discussed in my last article, modern day manufacturing incorporates speed, volume, convenience, quality, quality control, reliable and attractive packaging into its total appeal. The recently convened National Science and Innovation exhibition by the current Minister of Science and Technology, Prof. Ita Okon Bassey Ewa, is therefore an auspicious initiative. It portends that there is now official support for innovation and this is good news for our aspirations to become an industrialised nation.
At the exhibition, I spotted two small scale ideas that my readers, most of whom are in search of small scale business ideas would be interested in. These innovations from diverse research institutes in the country are proof that our Research Institutes, subseuquently (RIs) are not merely lounging on their rocking chairs and picking their teeth as many people believe. They are coming up with ideas that would reduce the drudgery of our current production methods, deliver increased volume of products within a shorter period of time and generate income faster.
At the Federal Institute of Industrial Research stand was a mechanised okra slicer and dryer. The inventor, Felix Ajuebor, said that with as little as N40, 000.00; an entrepreneur can buy the equipment with which to start the business of packaging sliced, dried okro for sale. This two-piece equipment is one of the ideas that will mitigate post harvest loss and make okro available during the dry season. The already packaged products were nicely displayed and on demonstration, the okro was ready to eat within five minutes of boiling, retaining its green colour. Director-General of FIIRO, Dr. Gloria Elemo, says that research is still ongoing to perfect the technology. Keeping life of the product is six months to one year. The supermarkets should have this on their shelves!
Another interesting product on display was a mini bioreactor developed by the National Biotechnology Development Agency, NABDA. According to Dr. Andrew Keswet and other scientists at the stand, the bioreactor which stokes with bio-wastes, generates cooking heat suitable for household use and for restaurants. The gadget goes for N150,000 – N350,000.00 per unit. Biogas is environmentally friendly, especially as it mops up wastes and provides a cheap alternative to petroleum fuel.
The entrepreneur needs to be curious, curious enough to explore new ideas. Nigeria’s RIs are brimming with business ideas that can be applied to grow indigenous industry.

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