Nigeria - Business creation project

Describe your project or startup in a few words

YER Rafkad Ventures is a project that has to do with the sales, supply and distribution of cement, sand and granite. It's a project and business idea born from the need of building materials in the rural area.

01.01 Describe your project in more detail

YER Rafkad Ventures is a Business Project that has to do with the sales, supply and distribution of cement, sand and granite. Here in the rural area (Atan Ota Ogun State) there's high demand for building materials as many people are working on owning a house of their own. The constant demand for building materials has increased drastically due to the inflation and high rent, leaving most people with no choice than to work on their own house. Another good reason for this business idea is that building materials is always on demand here because people are always renovating their houses.

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

YER Rafkad Ventures is trying to solve the problem of high demand for building materials with low supply.

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

1. It'll help with building the community. 2. YER Rafkad Ventures would help reduce unemployment by employing staffs 3. YER Rafkad Ventures business idea would help support development in the community.

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

Our aimed customers and consumers are mainly Construction companies/workers, Building contractors, Local bricklayers and house owners.

01.05 When did you start working on your project?

2024-01-31

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

1

01.07 Among the other partners, how many are female?

1

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

He is Mr Kadiri Olamilekan- He's experienced in Site management, he's a good business manager and he has a good communication skills.

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

2

02.01.02 No poverty - Justification

02.02.01 My project contributes to the Zero hunger goal

2

02.02.02 Zero hunger - Justification

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

4

02.03.02 Good health and well-being - Justification

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

2

02.05.02 Gender equality - Justification

02.06.01 My project contributes to the Clean water and sanitation goal

2

02.06.02 Clean water and sanitation - Justification

02.07.01 My project contributes to the Affordable and clean energy goal

2

02.07.02 Affordable and clean energy - Justification

02.08.01 My project contributes to the Decent work and economic growth

2

02.08.02 Decent work and economic growth - Justification

02.09.01 My project contributes to the Industry innovation and infrastructure

3

02.09.02 Industry innovation and infrastructure - Justification

02.10.01 My project contributes to the Reduced inequalities goal

2

02.10.02 Reduced inequalities - Justification

02.11.01 My project contributes to the Sustainable cities and communities goal

5

02.11.02 Sustainable cities and communities - Justification

Having a good/quality building materials and construction supplies would help make the city and environment safe from building collapsing.

02.12.01 My project contributes to the Responsible consumption and production goal

2

02.12.02 Responsible consumption and production - Justification

02.13.01 My project contributes to the Climate action goal

2

02.13.02 Climate action - Justification

02.14.01 My project contributes to the Life below water goal

2

02.14.02 Life below water - Justification

02.15.01 My project contributes to the Life on land goal

2

02.15.02 Life on land - Justification

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

3

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.

1 - Strongly Disagree

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

6

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

4

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

1 - Strongly Disagree

05.08 Justification

The Sales and distribution of cement sand and granite is a business that is highly needed here in the rural area as it's demand is on the high side.

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

Other business owners that are into the sales of cement are my potential competitors... What makes me stand out are... 1. business is registered 2. My marketing strategy 3. My aim in the type of distribution method ( i.e having a tricycle/bike thereby making it easy for customers to get goods) 4. Good space and business spot.

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

Yes, I am.