Nigeria - Business creation project

Describe your project or startup in a few words

Share is an online platform that encourages individuals or a group of people to buy fresh agricultural produce at bottom low prices. The higher the number of people purchasing the agricultural item, the lower the price.

01.01 Describe your project in more detail

Share is an ecommerce platform that focuses on bring together a large number of potential clients who are interested in purchasing an agricultural produce eg rice, beans, garri etc in small or large quantities. We plan to deal directly local farmers based in the North and distribute the goods and services to our potential customers.

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

Inflation: the cost of food items in our local markets is increasing, as a result we plan to offer food items that beats everyday local market price due to high demand for the item.

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 major benefit we plan to adopt is same day delivery model. Secondly, we have put in a place a price clause agreement with our local farmers, which will enable our clients save money, and buy quality agricultural food produce. The price clause agreement protects us from risks when our economy is faced with adverse economic situations. This means our suppliers will not sell to us above a set price margin. Also we plan to join trade unions or associations who are in the same line of business, thereby reducing logistics costs. Also our clients earns commission for sharing their links with family or friends after every successful purchase order.

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

Our target beneficiaries are low income workers, resellers and rural workers.

01.05 When did you start working on your project?

2024-03-03

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

4

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.)

Teni Yisa has four year experience in the marketing industry. As an undergraduate student she is presently involved in marketing handmade knit wears to her peers. She is very industrious, talented, creative, intelligent and organised. She is skilled in the use of MS Word, and Excel sheet. Zipporah Yisa has over 35 years in business and administrative support industry. She is hardworking, industrious, humble, willing to adapt to any situation and has the ability to work under pressure in any given circumstances. Darlington onyegboro has over 25 years in the tech industry. He is one of the directors of Opay. He is skilled in software engineering, programming, and website development

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?

b) Materials (agriculture, fishing, chemical products, construction materials, containers and packaging, metals and mining, paper and forest products)

02.01.01 My project contributes to the No poverty goal

4

02.01.02 No poverty - Justification

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

Our commerce platform will help to bridge the gap of food scarcity that affects our well being and sustainability. Our goal and mission is to make food items affordable and accessible to all.

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

Access to affordable and quality food produce is key in promoting the overall wellbeing of the masses.

02.04.01 My project contributes to the Quality education goal

2

02.04.02 Quality education - Justification

02.05.01 My project contributes to the Gender equality goal

7 - Strongly Agree

02.05.02 Gender equality - Justification

Our online platform is open to both male and female genders without any form of discrimination or restrictions. This is so because our food items are essential products that are consumed on a daily basis.

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

1 - Strongly Disagree

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

4

02.08.02 Decent work and economic growth - Justification

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

Since this project idea is yet to hit the Nigerian market, I strongly believe that this online platform will revolutionise the agricultural industry when the right support is put in place.

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

4

02.11.02 Sustainable cities and communities - Justification

02.12.01 My project contributes to the Responsible consumption and production goal

4

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

1 - Strongly Disagree

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

1 - Strongly Disagree

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

1 - Strongly Disagree

02.15.02 Life on land - Justification

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

4

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

4

02.17.02 Partnerships for the goal - Justification

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.

1 - Strongly Disagree

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

1 - Strongly Disagree

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.

1 - Strongly Disagree

05.08 Justification

Our project idea is unique because presently the inflation rate is set at an alarming rate of 35% according to WHO report. Based on this information there exist an underlying need to address food scarcity, and hunger that plagues our Nigerian economy. Based on this information, Share was created to address this problem, and make food products accessible and affordable for all most especially low income workers.

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

Within the African region, we are yet to have competitors. However in the Asian region, our competitors are known Pingduoduo and Temu. We plan to stand out from them by incorporating techniques, plans and approaches that best suits our Nigerian or African Market. We will start by selling agricultural food items, then as our business progresses we plan to include other high in demand products and services like Ankara, electronics, clothes, shoes etc . Secondly we deal directly with local farmers, which will help us to sell fresh agricultural goods at bottom lower price. We plan to incorporate social networking platforms like WhatsaApp and many more, to enable our clients share links with family and friends to purchase our goods thereby encouraging group buying. In addition, a daily timer will be displayed on our website to create a sense of urgency on the minds of our clients to purchase the products on time.

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

NO