Nigeria - Business creation project

Describe your project or startup in a few words

Mike Onebunne & Co NIG Ltd, catered towards baking materials ranging from butter, flavours, flour, sugar, preservatives, food colours, bread softeners, bread tie, powdered and liquid improver etc. Offering the best of quality is priority.

01.01 Describe your project in more detail

Mike Onebunne & Co NIG Ltd is a successful business enterprise that has strived for over 20 years and it majorly deals with purchase of baking items and production of bread, baking items such as bread softener, bread tie, butter, flavors, sugar, preservatives and several other raw materials used in the baking industry. This project is aimed at further expanding the business to venture into the production of raw materials for baking here in Nigeria. This is aimed at ensuring the production of quality raw materials used in baking in Nigeria are top notch and are in tune with the approved health standards, further reducing the quantity of adulterated products satiating the market, reducing the cost of baking materials whilst preserving quality.

01.02 What is the main problem you are trying to solve?

The main problem I’m trying to solve is enlisted below : 1. Production of quality baking materials in the market. 2. Reducing the cost of baking materials. 3. Production of better quality products by reducing the quantity of chemicals and preservatives added to baking materials as a lot of them are sourced outside the country thereby increasing the addition of preservatives. 4. Improving the quality and price of bread consumed in Nigeria.

01.03 Tell us the major benefits and/or advantages of using the product/service that your project intends to provide (at least 3).

The benefit of outsourcing for goods in various countries is enormous and can't be stated in a thousand words but a list of few: 1. Production of indigenous raw materials for baking. 2. We could be opening the doors of our country to foreign investors depending on the volume they can supply and how good the market likes their product. 3. Final consumers will begin to see value of their money spent each time on a product. 4. The market at large will be receiving quality products that have been tested and approved by Nafdac agencies and other food agencies that has been put in place by the Nigerian government. 5. It will help to bring more development to the city of Aba, Abia-State, Nigeria as the State government is working hard to ensure the city welcomes investors, by creating job opportunities.

01.04 Please describe who exactly your project is aimed at serving. Who are the targeted beneficiaries?

My project is aimed at supplying distributors of baking materials products at affordable and sustainable rates, and also creating opportunities for the final consumers to enjoy the value of their money by being able to purchase quality bakery products.

01.05 When did you start working on your project?

2023-01-11

01.06 How many other partners are associated with your business venture?

+6

01.07 Among the other partners, how many are female?

3

01.08 Please describe the profile of each of the other partners (skills, experience, etc.)

Mike Onebunne & Co Ltd is a family enterprise consisting of Mr Mike Onebunne who is the Cheif Executive Officer and Founder, a skilled business mogul who runs the company using traditional Igbo business system and has successful ran the business for over 20 years and is run concurrently with his family, Mr Michael Onebunne ego is a graduate of Federal University of Technology Owerri, Paschal Onebunne a graduate of Food Science Technology from the Federal University of Technology Owerri, miss Francess Onebunne a student of Medical Laboratory Science from the University of Nigeria Nssuka and Henry Onebunne a student of Mechanical Engineer at Eastern Mediterranean University Three sales personnel by the names Mrs Jovita, Miss Blessing and Miss Goodness.

01.09 If you have a website, a social media page (Facebook, Instagram, Linkedin…), or app, please provide the link here:

01.10 Which industry best describes your project?

d) Primary commodities (food, drink, household and personal products)

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

Just like I have stated earlier, it has alot to do with pricing of foods and making sure customers are supplied with the best at the most affordable price. Its geared towards reduce the purchasing power for customers and the final consumers. Business requires the exchange of goods for money and there is great intention for customers to be able to get quality goods at low pricing. This goal is possible and can be widely achieved. The goal is to start from Aba, Abia-State which has been the hub for our market place and at a good pace we incorporate expansion across the country.

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

Well with the price of goods at an affordable rate, final consumers will be able to purchase baking materials at affordable prices thereby increasing the number of Bakeries available, this would lead to healthy competition thereby reducing the cost of final product .

02.03.01 My project contributes to the Good health and well-being goal

7 - Strongly Agree

02.03.02 Good health and well-being - Justification

The quality of goods been outsourced and produced is of great priority to us as a company. We have a bakery that can preuse this products before we introduce them to the markets and moreover it will a thing of importance to employ Nafdac and other food agencies to perform due diligence of certifying these products.

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

When the goods are supplied at affordable rates, students can be able to afford good lunch snacks for there breaks and help them have strength to go about their days activities. As an asset management trainee keeping track of quality and ensuring that our company's vision of quality on supplied products that has been in existence is never lost.

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

Both women and men patronise the market of baking materials and so therefore it contributes to the gender equality goal. Most girls of different age group indulge in the act of baking for fun and others bake too for business. Most men out there too have bakeries as a source of living and live hood for their families. Indeed it is really a good business that ensure gender equality.

02.06.01 My project contributes to the Clean water and sanitation goal

4

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

4

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

The project aims at not only creating job opportunities, but also reducing the o Dr of baking materials available in the market.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

In Nigeria, it’s very rare to access baking materials whose quality has not been compromised either by excess addition of preset or extreme long storage of good due to hoarding, we are here to breach the gap as we would be producing baking materials with great quality.

02.10.01 My project contributes to the Reduced inequalities goal

4

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

7 - Strongly Agree

02.11.02 Sustainable cities and communities - Justification

Yes this would go a long way to achieve this goal, baking materials would be more available for purchase at affordable prices and also the quantity of baking materials available for purchase would increase,

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

This would greatly impact on this area by improving the quality and quantity of baking materials available for purchase whilst satisfying the final consumers.

02.13.01 My project contributes to the Climate action goal

7 - Strongly Agree

02.13.02 Climate action - Justification

This would impact heavily on climate action as this would reduce the quantity of harmful chemicals used in the production of baking products as less chemical preservatives are employed in production.

02.14.01 My project contributes to the Life below water goal

7 - Strongly Agree

02.14.02 Life below water - Justification

The reduction of chemicals used in production of baking materials can help save more aquatic because of the reduction of chemicals disposed into the water bodies as a lot of chemicals are not heavily employed in production.

02.15.01 My project contributes to the Life on land goal

4

02.15.02 Life on land - Justification

02.16.01 My project contributes to the Peace justice and strong institutions goal

7 - Strongly Agree

02.16.02 Peace justice and strong institutions - Justification

It would help to achieve this through the creation hog job opportunities in the communities as a whole, and also reduce the cost of living generally due to the reduction of foods accessible to final consumers.

02.17.01 My project contributes to the Partnerships for the goal

7 - Strongly Agree

02.17.02 Partnerships for the goal - Justification

Yes, this would impact greatly on Partnerships as I would with foreign clients to achieve this goal. We would outsource some raw materials, employ both local and foreign experts in the production of these products.

05.01 There are a large number of customers who already use a product/service very similar to the product/service we envision creating.

7 - Strongly Agree

05.02 The product/service we envision creating represents an entirely new type of product/service.

6

05.03 The product/service we envision creating could be described as a new technology.

5

05.04 The product/service we envision creating is an improvement on an existing product or service.

7 - Strongly Agree

05.05 The product/service we envision creating could be described as an extension of a range of products or services.

7 - Strongly Agree

05.06 The product/service we envision creating responds to a demand or need that has not been satisfied by other products/services.

7 - Strongly Agree

05.07 The product/service we envision creating is a new version of an old product/service.

7 - Strongly Agree

05.08 Justification

There are factories available in the country who are involved in production and importation of baking materials but what make Mike Onebunne & Co Ltd stand out is the attention we are paying to quality and affordability of products.

05.09 Who are your main potential competitors and what makes you stand out from them?

Giants in the baking firm are our biggest competitors but what makes us stand out is our accessibility, quality and affordability of our products.

10.06 Are you initiating actions within your community to promote the role of female entrepreneurs?

Yes, I have females who work in my company and the baking industry, is a female fominatrd industry as well.