Nigeria - Business creation project

Describe your project or startup in a few words

Stephen agro expansion is aim at the cultivation of Benne seed in large quantity and making it available in the market

01.01 Describe your project in more detail

Bene seeds, also known as Benne seeds, are the seeds of the Sesamum indicum plant, commonly known as sesame. They are a good source of healthy fats, protein, and fiber, and are often used in cooking and traditional medicine. Bene seeds have a nutty flavor and are used in various dishes, such as salads, stir-fries, and baked goods. They are also used to make sesame oil, tahini, and other products so this project will aim at ensuring large production of the seed making it available for consumption and for industrial processing which is a good source of wealth as it's production is less in Nigeria.

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

The project will go a long way in ensuring the availability of healthy cooking oil and to also serve as a raw material in food production companies around Africa and the world at large

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

Firstly it provides the best oil with less colesteral for consumption Secondly the seed is enriched with lots of fat and protein Thirdly it can be used as source of medicine traditionally and other productions

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

With the cultivation of the Benne seed it will go a long way to provide available raw material needed by food production industries were it will be process for final consumption The target beneficiaries are the food production industries and the masses who have knowledge of other traditional benefits of the product

01.05 When did you start working on your project?

2024-02-01

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

10

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.)

They are skilled in packaging the product Others are good in making it ready for packing i.e removing the chaffs

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?

l) Agriculture

02.01.01 My project contributes to the No poverty goal

7 - Strongly Agree

02.01.02 No poverty - Justification

The project will provide more job opportunities for the people in the nation as more human labour will be required on expansion of the firm

02.02.01 My project contributes to the Zero hunger goal

7 - Strongly Agree

02.02.02 Zero hunger - Justification

With the multiple usage of the Benne seed it will as well ensure the availability of food substance their by eradicating hunger as well as busting more agricultural output.

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

Since Benne seed is enriched with lots of healthy fat and nutrients it will serve as a good source of health to all age grades when consumed.

02.04.01 My project contributes to the Quality education goal

7 - Strongly Agree

02.04.02 Quality education - Justification

Since practice makes perfect so also will constant cultivation of the Benne seed lead to more practical knowledge of agriculture were even the non educated will gain more knowledge from day to day practice

02.05.01 My project contributes to the Gender equality goal

1 - Strongly Disagree

02.05.02 Gender equality - Justification

02.06.01 My project contributes to the Clean water and sanitation goal

1 - Strongly Disagree

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

7 - Strongly Agree

02.08.02 Decent work and economic growth - Justification

With the existence of this project it will lead to the economic growth of the nation as well as busting job opportunities having known that it is an export product needed by so many countries.

02.09.01 My project contributes to the Industry innovation and infrastructure

7 - Strongly Agree

02.09.02 Industry innovation and infrastructure - Justification

I agree to this because as more people engage in cultivation and packaging if this product t will give rise to more production companies there by leading to construction of industries around the country and Africa at large.

02.10.01 My project contributes to the Reduced inequalities goal

1 - Strongly Disagree

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

With exploration and expansion of this project it will tend to bring attention of people to it from different geographical area there by leading to seettlement for good

02.12.01 My project contributes to the Responsible consumption and production goal

7 - Strongly Agree

02.12.02 Responsible consumption and production - Justification

Since Benne seed is enriched with lots of healthy nutrients it will provide sustainable consumption and establishment of more production pattern toward ensuring availability.

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

6

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

7 - Strongly Agree

02.15.02 Life on land - Justification

The project will provide sustainable use of the terrestrial land for it's production as well as half biodiversity loss.

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

2

02.16.02 Peace justice and strong institutions - Justification

02.17.01 My project contributes to the Partnerships for the goal

6

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.

6

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

2

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

3

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.

2

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

2

05.08 Justification

The product isn't a new one but it's production is not largely available in the country,so it will serve as means of expansion to many food production companies as well as leading to the construction of more firms leading to economic growth in the country

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

The commercial farmers happens to be my competitors and on making it available in large quantity in my region it will create more recognition and more costumers to my products with the aid of the expansion

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

No