CREATING NEW BUSINESSES IN NIGERIA WITH THE SUPPORT OF THE US CONSULATE

1. Creating New Businesses

2.  Definition of Unemployment rate: This entry contains the percent of
the labour force that is without jobs. Substantial underemployment
might be noted.
 Inflation stands at 12%
 Official unemployment rates are 4.9%
 The reason for such a low number is because many Nigerians are
entrepreneurs.
 Either by choice or circumstance
 However they face the same challenges:
◦ Funding
◦ Business training
◦ Accounting services
◦ Business growth advisory services
◦ Marketing
 The New Business Initiative NBI seeks to address all these problems

3.  OUR MANDATE  OBJECTIVE
 responsibly promotion of youths in  To annually access, mentor
various endeavors that would and engage over 500 young
foster positive change and people and contribute to
development in our society. the number of employable
expertise in Nigeria.
 OUR VISION 
 To create platforms for the  OUR VALUES
Nigerian youth to get established  LEADERSHIP
in the human capital development  PRODUCTIVITY
industry  CREATIVITY
 TEAMING
 OUR MISSION  ADDING VALUES
 To create opportunities for the 
Nigerian youth using
entertainment and
entrepreneurship as a means of
empowerment and self-reliance

4.  The NBI will kick start from the fashion industry
 This is because of the associated industries and spill over
job creation and new business generation opportunities in
associated fields.
 The global penetration and reach
 These associated fields cover:
◦ Textiles
◦ Online media and platforms
◦ Entertainment
◦ Media
◦ Publishing
◦ Fashion accessories
◦ Cosmetics and beauty

5.  BEK AFRICA will seek for nominations from vocational
centers, initiatives, and Organization for youths who have
skills in:
 Clothes making,
 Leather works
 Bead making
 Hair
 An exhibition interview will be set up by BEK Africa to
select ten youths to participate in the programme after the
exhibition.

6.  TRAINING THE ENTREPRENEURS: The selected entrepreneurs will
be sent to LEAP Africa for a Leadership training in:
 Entrepreneurship,
 Building solid business plans,
 Marketing,
 Customer relation and loyalty,
 Partnership and business expansion etc; Training duration: 7
working days
 Training venue: Leap Africa offices

7.  BEK Africa will send the entrepreneurs for a two week
mentorship programme with professionals in the
fashion industry
 The goal is to gain first hand experience on running a
business
 Mentors include but are not restricted to:
◦ Zizi Cardow
◦ Dakova
◦ FAB
◦ Vivid Imagination
◦ Susan Eyo Honesty
◦ Idowu Tailors
◦ JVD

8.  RAISING THE ENTREPRENEURS: BEK Africa will
invite successful business owners, and the
following:
◦ Family members,
◦ Micro finance banks,
◦ Community leaders and community based
organizations
 Business support will be through:
◦ Material support
◦ Financial investment
◦ The goal is to aid the business birthing process.

9.  MONITORING THE ENTREPRENEUR: BEK Africa
will monitor the progress of selected fashion
entrepreneurs
 Monitoring Goals include:
◦ Fund application
◦ Business growth
◦ Business expansion
◦ Training

10.  Fundraising and networking reception
 November 17th 2012 -Time 3pm-6.30pm
 The goal is to ensure that the kick start is
made available.

11.  The press conference
 September 21nd 2012. Time 10am
 The quest
 October 27th 2012. Time 10am
 TRAINING THE ENTREPRENEURS:
 October 29th -2nd November 2012
 Mentoring:
 November 5th -16th 2012

 Fundraising /networking reception
 November 17th 2012 -Time 3pm-6.30pm

12.  US Consulate: Providing global exposure and
access as well as exhibition opportunities
 Leap Africa: Training and mentoring tracking
 Your brand!

13.  We are offering :
 Direct access to new businesses
 Positive brand association with strong global and
continental brands
 Direct marketing opportunities
 Direct sales opportunities
 Guaranteed immediate cumulative value offering and
media value in excess of N5million.

14.  Job creation opportunities
 Positive association with global brands and
players
 Tax deductible CSR donations
 New business acquisition
 Value propositions to be further explored