Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / Free Money for Your Business: The Truth About Grants and Equity

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Free Money for Your Business: The Truth About Grants and Equity · Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint

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  Today on the podcast, I want to talk about navigating business
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  grants and also navigating incubators.
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  Now, the reason why is because these are veritable tools that
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  we can use. I mean, should I say they're
• 0:16
  tools to grow our business? Well, anyway, grants and
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  incubators, you know, things like that.
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  These are good tools or good experiences or good avenues that
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  we can use to grow our business. And sometimes when some of us
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  talk about these things, those of you listening think that
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  these are things that are far away or accessible to other
• 0:37
  people and you don't think are necessarily accessible to you.
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  Now, I received a communication from one of my former mentees.
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  She's based in Lagos. Let's just call her Tej.
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  OK, well, Tej is kind of like a real name, but it's a shortened
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  version. So Tej sent me a message this
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  morning and after chatting back and forth, I figured, let me
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  just come over here and make this podcast recording real
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  quick so that those of you who hear about grants and you hear
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  about incubators and things like that and you think you know dem
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  dem it's for other people just so that you can know that it's
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  for people like you. That's if you consider yourself
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  to be a regular, everyday, ordinary Nigerian business
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  person just like I am. So you can tell from my name or
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  from my surname that I am not somebody in quote in the
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  Nigerian sense. You know, I have no connections
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  in quote. You know, I do not flow in
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  certain kinds of clubs per SE. And Tej is also someone who's
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  from a similar background as me, but she has been able to take
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  advantage of some of these things and put them to good use.
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  So basically, I'm making today's episode just for you to know,
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  listening to this podcast, that you've ever thought that you
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  hear these things are like, Nah, damn, damn.
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  It's not for me. It actually is for you.
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  These opportunities are available in Nigeria and people
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  are taking advantage of them every single day, every single
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  week, every single month, every single year to move their
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  businesses forward. And perhaps you should as well.
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  So yeah, grants and incubators. OK, maybe I should define terms
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  a little bit. OK, what's a grant?
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  Now? A grant is a way of financing
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  your business. You know, lots of people
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  complain that finance is one of the reasons why their businesses
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  don't take off, but I disagree strongly over here on the
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  podcast. Some of you might not agree, but
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  the reason, number one reason why your business is suffering
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  is not because of you don't have access to finance, but actually
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  you have a sales problem. Because you have a sales
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  problem, you've not been able to validate your business idea.
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  What that means is you've not been able to talk to enough
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  people to approach enough people to even show that you have a
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  wonderful business idea in the 1st place, that people like it,
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  that people want it, that people demand it, and that people want
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  are willing to pay an amount for it.
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  That will be enough to keep you motivated and enough to keep you
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  in business. So a lot of you have a sales
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  problem. You haven't validated the
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  business idea yet. Then even if you've updated the
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  business idea, you've not been very good at sales motions.
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  So you've not been able to attract your ideal customer.
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  You've not been able to attract the right kind of people.
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  You don't know how to get people.
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  You don't know how to move the sale along, how to move business
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  relationships forward, you know, all those sorts of things.
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  And so because of that, you are struggling with revenue.
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  So lack of finance is not the reason why your business is
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  suffering. Lack of finance is a symptom of
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  a problem. It's like people who have
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  anemia, for instance, you know, my, my thought goes out to those
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  families, especially people who have children, you know, dealing
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  with anemia, you know, very tough thing, you know.
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  So anemia is cancer of cancer of the blood or, you know, yeah, I
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  think it's cancer of the blood. Yeah, I think so.
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  I think that's it. But anyway, you know, that blood
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  condition where people don't have enough blood.
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  So people who have those sorts of conditions, you know, they
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  start feeling faint. They start feeling this, they
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  start feeling that and, and you know, the lack of red blood
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  cells, people, it's not as if the lack of red blood cells or
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  whatever is the problem, you know, it's a symptom of an
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  underlying issue that could be caused by cancer or could be
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  caused by nutrition or could be caused by whatever.
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  So what I'm trying to say is that just like with health
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  problems, you have symptoms and then you have underlying causes.
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  So also in business you have symptoms and you have underlying
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  causes. So lack of finance is a symptom.
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  The underlying cause is something else that usually is
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  tied towards sales and marketing.
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  So you don't have a financing problem.
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  Now a grant is a way that you can finance your business
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  without having to borrow from someone because when you borrow
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  from someone, you have to pay the money back and you have to
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  pay it with interest. Well, except if you borrow from
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  Mumsy and Popsy. Then let's see what else.
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  Then there's also equity financing.
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  Now equity financing is when you take money from someone, but in
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  return they now own a share in your business.
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  So for those of you who are afraid of interest paying money
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  back plus X or those of you who are afraid of equity because you
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  don't want a business partner by force.
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  By force, because when you have an equity person, there's no
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  how, no how, whether you like it or not, that person has become
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  your business partner. He's like, if you come and
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  approach me, by the way, don't approach me because I don't have
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  that kind of money. So let's say you approach me,
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  you need like 50 M for your business and I drop 50 million.
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  And then in your mind, you think I give you that 50 million and I
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  won't have a saying what's going on?
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  Like you're deceiving yourself whether you like it or not,
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  because I've dropped 50 MI will call you once in a while and
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  I'll say, oh boy, what's up? We suppose run, I'm like this.
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  We suppose run. I'm like that.
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  The only way you avoid that kind of quarrel is if you have a
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  lawyer from the beginning. You drop the paperwork and then
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  the terms are, you know, clearly spelled out that, you know,
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  you're an equity owner, but you know, you don't have voting
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  shares or you don't have decision making, decision
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  making. What's the word capacity or
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  decision making powers relating to this or relating to that.
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  Well, if you don't involve lawyers, forget it.
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  Somebody drops that kind of money.
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  You now tell them they can't, they can't chook mouth.
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  They would chook their mouth anyhow.
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  Monday. They will call you Wednesday.
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  They will call you Sunday midnight, they'll call you and
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  say, I was thinking, you know, all these kinds of things.
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  So if you don't like that kind of wahala, then grants are an
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  option. Now, grants just means this
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  money, not dash them, dash you. But it doesn't mean it's Scott
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  free. Because even though they dash
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  you the money, usually it's tied into certain criteria #1
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  eligibility. You have to meet certain things,
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  you know, from a certain country of a certain age, maybe of a
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  certain set sex, only working in certain kinds of industries.
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  So you suppose meet eligibility criteria, then after that
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  there's reporting criteria. Now that you've received this
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  money, you can only use this money in these kinds of
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  industries. In this way or in that way, then
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  yeah, you have reporting criteria to meet.
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  So every month, every two months, every three months,
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  every year, every whatever. Sure.
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  You have to be in touch with the grant maker to say this is the
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  money that you gave us, this is how we used it.
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  We're keeping in terms with the spirit of the of the grant.
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  And then we'll talk about some of that some more because Tej
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  has qualified for a grant and we're going to be talking about
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  that. And to be honest, when I first
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  saw the grant, I was like this one Bobo, because the grant
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  actually is by Pastor Jerry is a very famous musician.
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  And sorry, not musician, should I say a musician?
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  I'll be like YouTube, let me just put it that way.
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  And I just thought like, yeah, another one because you're in
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  Nigeria, people announce it all the time.
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  A politician, a celebrity, they're going to announce
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  grants. They'll announce grants,
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  everybody. They announce grants.
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  But after a while, you won't hear anything about the grant
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  again. So I just thought, you know, one
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  of those things. But anyway, she qualified for
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  the pastor. Jerry is a grant.
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  Sorry, I think it's all the Jerry is a foundation, I think.
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  So she qualified and she's gotten it.
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  So she reached out to tell me. So we'll talk about more about
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  grants in the future then incubators or accelerators.
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  I'm using those terms very, very loosely for those of you who are
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  in the text space, I bet no Vex because you know, I'm going to
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  define it in a way that maybe it's not 100% correct.
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  But the idea behind incubators and accelerators is this an
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  incubator just means you're about to start.
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  You will have the ideation stage.
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  Well, what am I going to do? Is this a good idea?
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  And that stage, those are what incubators are for.
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  So incubators, they give you all the support that you need to get
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  this thing going. How do I come up with the right
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  idea? How do I validate this idea?
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  How do I get this idea moving? How do I figure out if this is a
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  good idea? You know, what are the prospects
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  for this idea? You know, all that kind of
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  thing. So that is incubator.
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  Now accelerators are you're not at the incubation stage anymore,
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  you're not at the ideation stage, you're not at the
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  starting stage. You're still early, but no, be
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  fresh start like you don't guess on small attraction.
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  Now. Attraction just means you have a
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  couple of customers. Attraction means that you have a
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  couple of users. That's for those of you who have
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  fancy tech ideas. So people are using a website,
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  people are downloading your app, people are doing your whatever.
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  So if you don't guess on carrying traction, then an
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  accelerator is that whole setup that will now give you the
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  support that you need, whether it's money, whether it's
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  lectures, whether it's mentorship or whatever, so that
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  you can scale that your idea. So now all these small, small
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  customers, when you don't get, you know, maybe now you're
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  having like 5-5 customers every month.
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  The point of the accelerator will be to scale you.
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  Let's say you can go from 5 to 50 customers or for your app
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  idea, maybe you have, I don't know, maybe like 5000 people
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  using it every month. The accelerator will be like,
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  OK, how can we go from now 5000 active monthly users to, I don't
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  know, 20,100 thousand, you know, half a million users every
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  single month. So those are incubators and
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  accelerators and these are also very good resources that you can
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  use to move our businesses forward.
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  Now, like I say, there are lots of people in Nigeria who see all
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  these announcements. You see everything like, Nah,
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  them, them no be me. But meanwhile, Tej is an
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  everyday ordinary Nigerian just like me, and she's been able to
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  take advantage of these resources for her business.
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  So she has applied for incubators and accelerators and
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  has gotten in. She has now applied for a grant
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  and she also has gotten it as well.
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  And these have been very, very, very useful tools and resources
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  for her to move her business forward.
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  Apart from that, even if you try these things and you don't see
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  any significant business growth, the access to networking is
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  important and it's immeasurable. You're going to meet lots of
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  people who could be your future collaborators, your future
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  business partners, your future founders, your future, you know,
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  name it, whatever it is. So they access the networking
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  really, really good. And then excuse me, I also think
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  you should take advantage of these things because like Tej,
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  you know, to be honest, she's kind of tired and I don't blame
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  her because the accelerators and incubators men is tough.
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  So you have a business that you're trying to run.
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  If you're a family person, you're trying to juggle spouse
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  and kids, then you will also be attending classroom.
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  And that, you know, even though you're attending classroom and
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  you know, doing tests and all kinds of things, you still have
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  to be paying attention to your business.
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  So it's a lot, it's a real lot. But I have to encourage her that
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  looked edge. You know, she's happy, but she's
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  tired. I said congratulations, but I
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  understand you're tired. It's just just one more, just
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  one more. Remember, just like with the
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  other ones, there are plenty of advantages and I'm really,
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  really happy for her. And, and they're talking about
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  her example. I want some of you to con
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  consider just try. Maybe you've applied for one or
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  two. It didn't work out.
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  I understand. No problem.
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  Just just keep trying. You never know.
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  So like I said, Tesh sent me a message and then the message was
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  good morning, Sir. Basically, she told me that she
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  was, I'm one of the people that deserve to know this.
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  So she was sending it to me as a private message before she put
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  it up as a, as a LinkedIn, as an update on social media.
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  And honestly, I really, really appreciated this, that she was
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  reaching out to me before putting it up there.
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  So you remember a couple of episodes back where I was
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  talking about how when you have significant changes in your
• 12:39
  business, it's not a bad idea to reach out to loyal customers or
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  other stakeholders or things like that.
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  Reach out to them in private, let them know one-on-one because
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  this is how you build alliances and this is how you build
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  trusted relationships. And people feel as if like, oh,
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  OK, this person actually raped me.
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  So therefore, in the future of myself, I go rate time.
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  That's how it works. So you shall put it on LinkedIn.
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  Of course I'm happy. Like, oh, Tej, that's my girl.
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  She's moving from heights to heights, but she sent me a deem
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  first and I really appreciate it.
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  We chat about this thing later on is on social media, you know,
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  But you know, I feel like, oh, she raped me.
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  She values the contribution. So for those of you who listened
• 13:25
  to that episode last week where I was talking about people who
• 13:28
  like changes are coming up in your business and they're just
• 13:30
  sending mass broadcasts and stuff like that, you know, it's
• 13:33
  better than doing nothing but wherever you can.
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  And of course, using the communications matrix, you know,
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  face to face, if possible, phone call, conversational chat
• 13:44
  messages, you know, things like that.
• 13:45
  Reach out to people and let them know.
• 13:48
  Now, Bros, I appreciate you. You've been one of my loyal
• 13:51
  customers all of last year. This year we're taking this
• 13:54
  change in business or this year, I'm moving to this, this, this
• 13:57
  or this year. Those are, those are those are
• 13:59
  sorts of the changes that are going on because you're one of
• 14:02
  my most valued customers. The reason why I'm calling you
• 14:05
  or the reason why I'm sending you this WhatsApp message is
• 14:07
  that to let you know that these are the changes coming up.
• 14:09
  We still look forward to doing business with you.
• 14:11
  I really appreciate you, Sir. I really appreciate you, Madam.
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  You know, that sort of thing. So that's what Ted did.
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  And like I said, I truly, truly appreciate it.
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  So she said she was letting me know all the things that are
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  about the new update before she starts sharing it on social
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  media. And she remembered when we
• 14:30
  started working together about how she was overwhelmed.
• 14:33
  We started working together when she was going through and I
• 14:37
  don't know if it's an, I should say accelerator.
• 14:39
  Yeah, an accelerator program with the Faith Foundation in
• 14:42
  Lagos. Now, the Faith Foundation and
• 14:45
  the University of Aberdeen are the only two programs that I do
• 14:49
  free mentoring for. So whenever people reach out to
• 14:52
  me and they say they want me to be their mentor, you want this
• 14:55
  to be a free thing. Now, I do not do free
• 14:58
  mentorship. However, if you get in to Faith
• 15:01
  Foundation or if you happen to get into the University of
• 15:06
  Aberdeen, and because the university, the University of
• 15:09
  Aberdeen have these things where they hook up undergraduates or
• 15:13
  postgraduate people with alumni, people who have graduated, you
• 15:17
  know, for mentee relationships. So if you're in the University
• 15:19
  of Aberdeen currently listening to this and you want me to
• 15:24
  mentor you, that's not a problem.
• 15:25
  Speak to people in support services.
• 15:27
  They will hook us up directly and we'll get started.
• 15:30
  Also, if you're in Faith Foundation currently and you
• 15:34
  want me to be your mentor, it's not a problem.
• 15:36
  Request for me by name and they'll hook us up and we will.
• 15:41
  We'll get started. I'll do my best to see how I can
• 15:45
  help you with your business to grow.
• 15:47
  Well, for the rest of you, you want to connect with me, you can
• 15:50
  call me send me a text message or a WhatsApp message on 0806466
• 15:56
  2140. If you want a 15 minute sale
• 16:00
  audit, don't worry, the audit is for free.
• 16:02
  So you're not going to have to pay me hundreds of thousands of
• 16:04
  naira. You can WhatsApp me on the same
• 16:07
  number 08064662140 if you they fear, but you still want to be
• 16:14
  getting updates from me once in a while that's not a problem.
• 16:16
  Just draw my WhatsApp channel. So WhatsApp me on the same
• 16:19
  number 08064662140, and I'll hook you up.
• 16:25
  So she said that, you know, in the beginning she was
• 16:27
  overwhelmed and she was doing a lot of things and she didn't
• 16:30
  have a direction or clarity. And that I was one of the people
• 16:34
  who believed in her, what she was building.
• 16:37
  And I was able to get her to focus and I was able to get her
• 16:40
  to let go of distractions. So please, people, you don't
• 16:45
  want to keep saying on the podcast, some of you think I'm
• 16:47
  just, I don't know, maybe I'm a dream crusher.
• 16:51
  I'm not crushing dreams. Some of you sometimes one of the
• 16:54
  reasons why I know movies because you're trying to do too
• 16:56
  much. Honestly.
• 16:59
  Some of you, if we can just kill like you're trying to do 5
• 17:02
  things at the same time, if we can just kill three of them and
• 17:05
  only do 2 or put four of them on pause and only do one or more,
• 17:11
  the kind of progress you will see as it is not magic.
• 17:15
  Honestly, it's not magic. So we did.
• 17:18
  I would say the her idea was wonderful.
• 17:20
  She's in the, what's it called again?
• 17:23
  Recyclable. What's it called?
• 17:25
  Cyclical fashion. That was the first time I was
• 17:27
  here. Nothing because I've never
• 17:29
  worked with someone in the fashion space before.
• 17:30
  She was the 1st and then she said she's doing cyclical
• 17:32
  fashion. I mean, I was wondering which
• 17:34
  one would be cyclical fashion again.
• 17:35
  Is it fashion with, with circles or something?
• 17:40
  And it turns out that this is the sustainable arm of fashion
• 17:44
  where you try and recycle previously owned things, but how
• 17:50
  cyclical fashion is, even from an Afrocentric kind of
• 17:54
  background self. So they take stuff, they recycle
• 17:58
  it, and then you put an Afrocentric twist on it and then
• 18:02
  you're not able to use these things again.
• 18:04
  So like maybe you bought stuff from M&S, but you brought it in,
• 18:09
  I don't know, winter season maybe like five years ago.
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  So instead of throwing away that thing, you take the M&S whatever
• 18:16
  somebody like Tej can buy it from you, recycle it, put some
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  kind and carry on it and raffia and then bam, before you know it
• 18:23
  brand new style, your look don't transform, you understand.
• 18:27
  So really good. And of course she also had a
• 18:30
  couple of things going. So for her, one of the first
• 18:33
  things we needed to do, you know, but I tried to do small
• 18:35
  fitness because I don't like people feeling as if I'm killing
• 18:38
  their dreams because there's some people who take this thing
• 18:40
  very hard that by the time we start, you know, don't feel as
• 18:44
  if I be boss kill. I'm not trying to kill your
• 18:48
  boss. I'm just trying to be realistic
• 18:50
  with you that unfortunately we're human beings.
• 18:53
  We're limited in reach, we're limited in time, we're limited
• 18:57
  in space, we're limited in focus is just unfortunate.
• 19:02
  You cannot push 23456 things at the same time.
• 19:05
  No, possible, not possible. And the people who are pushing
• 19:08
  5-6 things at the same time did not start that way.
• 19:11
  Elon Musk did not start that way.
• 19:13
  Dangote did not start one that way.
• 19:15
  It was 1 by 1 by 1. One thing will grow and one
• 19:18
  thing now has systems on its own and growth potential on its own.
• 19:24
  When nothing is growing separate, they move to number 2
• 19:27
  and then #3 and then #4. You should stop trying to carry
• 19:31
  four or five things on your head at the same time.
• 19:35
  If you're superhuman, then OK, congratulations, you are better
• 19:39
  than the rest of us. So assuming you're not
• 19:42
  superhuman, you're an order person like the rest of us.
• 19:44
  I beg you, increase your chance. When you narrow things down from
• 19:48
  5:00 to 2:00 and you're only pushing 2 almost.
• 19:52
  Be honest. If you're working with me and
• 19:54
  you have 5. Honestly, I'm trying to get you
• 19:56
  to one that will focus, focus and blow the hell out of this
• 20:02
  one idea. So that by the time this thing
• 20:04
  is moving well strong, maybe next year or in two years ahead,
• 20:10
  we can now move on to the next business idea and then next
• 20:12
  business idea then maybe in 15 years ahead or not.
• 20:15
  Now they'll be calling you more multi potential like serial,
• 20:20
  multi serial CEO something, something some all those big,
• 20:23
  big, big terms. So yeah, we tell you how to
• 20:26
  narrow it down a little bit. And she said that she doesn't
• 20:29
  take me for granted because of, you know, how it's helping her
• 20:33
  do things behind the scenes. And then she says that I might
• 20:38
  not realize the impact that I've had in her life.
• 20:42
  That was really, really flattering.
• 20:44
  That was nice to hear. And of course, yeah, she
• 20:48
  apologized that she's not reaching out all the time
• 20:49
  because she's busy making money. And honestly speaking, that is
• 20:53
  what I like to hear. I like to hear that my people,
• 20:56
  people who pass through me, whether it's mentorship, whether
• 20:59
  it's coaching, whether it's consulting, I actually like to
• 21:02
  hear that oh, I've been busy and this money is flowing.
• 21:06
  I like it. So for me, it's not bad.
• 21:09
  I'm not one of those people who get angry when people outgrow
• 21:12
  me. It's the natural state of affair
• 21:13
  for people to outgrow you. It's like being a parent.
• 21:18
  You meet somebody at the young stage and they're beginning to
• 21:20
  grow, they're beginning to blossom.
• 21:22
  Normal one day do fly the nest and don't need you anymore.
• 21:26
  So if somebody is calling me every week, every week, every
• 21:29
  week for the last three years straight, I'm not doing my job.
• 21:34
  But if there are short intense periods where we're talking
• 21:37
  every single day or every other week and then all of a sudden
• 21:40
  things are taking off. So excuse me.
• 21:43
  Things are taking off. Things are moving.
• 21:45
  You're making progress. You're making serious money.
• 21:47
  It's OK that you forgive me. It's OK that you outgrow me.
• 21:50
  It's normal. It's a thing of pride that I can
• 21:52
  be pointing to people and say now my product be that Anyway,
• 21:58
  so she now told me that she has been selected for the Jerry
• 22:02
  Essay Foundation Foundation business grant.
• 22:07
  So yeah, so we started having all those conversations.
• 22:10
  It's the, the award ceremony. I mean, the opening ceremony is
• 22:14
  going to be in Abuja cause Ted is based in Lagos.
• 22:16
  So she's going to be into town. So you know, those gisting stuff
• 22:18
  like that, whether we can hook up and things like that.
• 22:21
  Then Ted is more, how will I see it?
• 22:25
  You know, me, I'm, I'm a homeboy.
• 22:26
  You know, I, I don't do anything.
• 22:28
  If you see me outside, it's money that's carrying me outside
• 22:30
  or it's family that's carrying me outside.
• 22:32
  Apart from that, I pay attention to, you know, I'm just doing my
• 22:38
  thing. You know, I'm talking about
• 22:39
  clients, creating content and I'm just looking for my daily
• 22:43
  bread. But it's a bit more on the, you
• 22:45
  know, she's one of these people that, you know, you can't hold
• 22:49
  her shine. You know, she's a she's a very
• 22:51
  flowery kind of person. So I told her now if they enter
• 22:55
  Abuja and they want to enter club, no problem, they should
• 22:58
  call me. I will come so long as they're
• 23:00
  the ones that are buying champagne.
• 23:01
  You know, I want a drink. So yeah, if you any of you ever
• 23:04
  in Abuja and you want to reach out to me, the phone number is
• 23:07
  08064662140. You say just want to hang out
• 23:11
  with me. So long as you know that is
• 23:13
  buying the champagne, call me. I wish you but I will stay for
• 23:18
  long though, because you know, I have kids.
• 23:19
  So at least if I show like around that kind 1, you know,
• 23:24
  after that kind midnight at least by three or four.
• 23:27
  I'm sorry, but I have to leave you guys in the club because I
• 23:30
  can't. Anyway, where was I?
• 23:34
  So where was I yourself? OK, grants and incubators and
• 23:41
  accelerators. OK, now this outage and I met so
• 23:43
  like I said, faith foundation. Now there's this program called
• 23:51
  OCN that's Orange, Orange Corners, Nigeria.
• 23:56
  So Faith Foundation is the chassis, is the implementing,
• 24:01
  implementing partner of the program.
• 24:04
  The program is, is something that is financed by the Dutch
• 24:08
  government. Now they fund local
• 24:11
  entrepreneurs in different countries and so they partner
• 24:15
  with local. When I say local, I mean, you
• 24:18
  know, nation in the particular nation in a particular country.
• 24:22
  So they partner with their local partners to implement the
• 24:25
  program. So the money is coming from the
• 24:28
  Dutch government, but then it's going to be funneled through
• 24:31
  funneled to Nigerian businesses, but through the Faith
• 24:36
  Foundation. Now faith is FATE for those of
• 24:39
  you who are curious and never heard about it before.
• 24:41
  So just go and Google FATE Faith Foundation.
• 24:44
  And by the way, for those of you who think that they advertise
• 24:49
  too much, all these programs that I'm talking about no be
• 24:52
  advertisement to none of these people are paying me.
• 24:54
  So please, this is not an advertisement.
• 24:57
  I just like to talk enthusiastically about the
• 24:59
  people that I work with, no people that I mess with and the
• 25:03
  programs that I like to support because you know, it's a good,
• 25:06
  it's a good something. Which is not to say if any of
• 25:11
  you listening to this are from the Faith Foundation or from the
• 25:15
  Dutch government or from the University of Aberdeen or from
• 25:18
  the UK government. You people are listening and you
• 25:20
  think I like this guy most Sponsor this guy.
• 25:23
  By all means, call me 08064662140, send me a text
• 25:30
  message, send me a WhatsApp message.
• 25:32
  If when I want sponsor me because you like what I'm
• 25:34
  saying, call me 08064662140. Let's talk.
• 25:39
  I'll sponsor you guys. Just make sure that you be
• 25:42
  paying me in hard currency because now I know they pay.
• 25:45
  So we need pounds, we need dollars here.
• 25:47
  We need good currency. Where was I?
• 25:52
  So the money is coming from the Dutch government and it's
• 25:54
  funneled through the Faith Foundation.
• 25:56
  And the name of the program, the name of the fund is the Orange
• 25:59
  Corners Innovation Fund. So what Fate Foundation does
• 26:03
  again, fate as an FATE, please fate, not FAITH because you
• 26:09
  know, in Nigeria now. And that's also another way that
• 26:11
  we pronounce faith. So fate Foundation, FATE.
• 26:16
  So what they do is that they do the gatekeeping and the
• 26:19
  selection. So they are the ones who you
• 26:21
  cannot have access to the old CIF, that's the money from the
• 26:24
  Dutch government, the Orange Corners Innovation Fund, you
• 26:27
  have to go through Faith Foundation.
• 26:29
  They have a six month incubation program.
• 26:32
  So remember, incubation, incubate, incubate from start
• 26:37
  from start, from the very beginning.
• 26:39
  Meaning you have a wonderful idea but you are not sure you
• 26:45
  need help. Is this idea a good idea?
• 26:49
  How can we start to validate this idea?
• 26:52
  How can we start to grow this idea?
• 26:53
  How can we begin the fine small small customer that is
• 26:56
  incubation, Incubation state stage from start from start from
• 27:01
  very very beginning from embryo stage.
• 27:04
  So that is what Faith Foundation does.
• 27:07
  So you can see that it applies to a lot of you because that
• 27:11
  those of you who reach out to me, you have 456 business ideas,
• 27:14
  you have already tested any of them.
• 27:16
  Can you see that there are programs that are available that
• 27:21
  they will train you then they will give you money, not naira
• 27:26
  dollars, pounds, euro, good money.
• 27:31
  Some of you say, you know, I never start, I haven't
• 27:34
  registered anything. It does not, it does not mean
• 27:38
  the opportunities available. So but The thing is you never
• 27:41
  know before she applied, did she know?
• 27:46
  Was not a guarantee but she applied and she got in.
• 27:48
  By the way, spoiler this is not the first one she applied to.
• 27:52
  That's the reason why I said if you applied before and did T no
• 27:54
  click, relax, try again. If at first you don't succeed,
• 28:00
  dust yourself off and try again. In the same as relationships, so
• 28:04
  also is in business, so you'll apply it through the Fate
• 28:09
  Foundation and it's a six months incubation program.
• 28:11
  So there's a boot camp stage where they select 50I mean 50
• 28:18
  semi finalists. They start with 50 semi
• 28:20
  finalists and then they narrow you down to 2020 in a class.
• 28:26
  So Tej went through the whole process.
• 28:30
  Then they're looking for entrepreneurs that have viable
• 28:33
  business ideas. Viable just means this thing has
• 28:36
  potential to grow because nobody wants to waste time with the
• 28:38
  business that the business idea is interesting, but The thing is
• 28:42
  not really going to grow. So viable, viable business.
• 28:46
  Then all the Dutch government and then Faith foundation,
• 28:51
  They're also looking for socially impactful business
• 28:53
  models. So in other words, if you're a
• 28:55
  greedy bastard just like me and you're trying to make money only
• 28:57
  for yourself, but you're not really too looking for the
• 28:59
  community, then you know nothing for you.
• 29:02
  You can apply, but as if they will select you as you can see,
• 29:05
  you know what there's some social impact and you can say
• 29:08
  social impact is I'm feeding my wife and I'm feeding my kids.
• 29:10
  So so and remember that for Tej, she's in the cyclical fashion
• 29:18
  space. So you know, renewables,
• 29:21
  sustainability, environment and how you see so down at the scope
• 29:25
  for her. Then I think also particular
• 29:29
  about some sectors like Agri business, tech, healthcare,
• 29:32
  renewable energy, you know, stuff like that.
• 29:35
  So yeah, so that's it then let's see what else other information
• 29:40
  do I have here? Let's see.
• 29:43
  OK, so there are two 2 tracks of funding, 2 stages of funding.
• 29:46
  So in the early stage they give you small money monthly stipend
• 29:52
  just so you can develop your prototype.
• 29:54
  So that's the early stage. Then stage 2 prototype or
• 29:59
  minimum buyer prototype just means the smallest version of
• 30:02
  your idea that people can see, they can evaluate, they can
• 30:05
  taste, they can't touch, they can critique.
• 30:07
  So they can say oh, this is good or this is bad, or I will buy
• 30:11
  for your, I will buy from you or I won't buy from you.
• 30:13
  So that's what the prototype means or the minimum viable
• 30:16
  products. So stage one, they give you
• 30:18
  money, you develop prototype, then they will give you monthly
• 30:22
  stipend. I don't know how much the
• 30:23
  monthly stipend is anyway, but whatever it is, I'm sure it can
• 30:27
  be bad. Then then there's growth stage,
• 30:33
  growth stage at the growth stages, that's where they give
• 30:36
  soft loan, soft loan. Soft loan just means the
• 30:39
  interest not go harsh, but loan means, you know, you'll pay
• 30:42
  back. And then grants, OK, grant means
• 30:46
  and I dash them, dash you. So the money's got free, but you
• 30:50
  still meet some conditions. So you get a soft loan or you
• 30:53
  get grants. But then I was up to €5000 and
• 30:57
  yeah, this is the one that Tej ended up winning.
• 31:00
  Is this the one she ended up winning?
• 31:02
  I know she got a few €1000. You know, good money, Real, real
• 31:06
  good money. Then the Faith Foundation is now
• 31:09
  in the position of being sort of like a fund manager and they
• 31:12
  disperse the funds. Then if you're going through
• 31:14
  Faith Foundation, you're also exposed to capacity building.
• 31:19
  Capacity building. It just means they want you to
• 31:21
  acquire new frameworks and new skills so that you can grow your
• 31:24
  business. And then they also want you to
• 31:26
  be investment ready, meaning that by the time they're done
• 31:29
  with you, some investors, whether inside or outside, you
• 31:32
  look at you and say, Kai, this business is ripe for investment.
• 31:36
  Come and take my money. Come and take my money.
• 31:38
  So that's the kind of thing that Faith Foundation is trying to
• 31:41
  do. So what else?
• 31:44
  Then they also provide infrastructure and mentorship.
• 31:49
  They have physical hubs in Lagos in you.
• 31:52
  Look, Weju then also in Ogun State, although to be honest is
• 31:57
  mostly the Lukweju branch that I've been messing with for the
• 32:01
  last maybe like 5 years since I've been doing work with them.
• 32:04
  The people, the folks in Ogun, I don't know anybody in Ogun
• 32:06
  Sharp. But anyway, you know, it will be
• 32:09
  the same now. So those of you who are around
• 32:12
  Ibadan, you know if OK Lagos people can still hook up in Ogun
• 32:17
  anyway. So that's it, physical hubs in
• 32:18
  Lagos and Ogun State. Then of course then they also
• 32:22
  have a mentor network. So that's where people like I
• 32:24
  come in and I keep saying it over on the podcast.
• 32:27
  I'm saying it now, if you are passing through any of these
• 32:30
  programs, the number one mentor that you should ask for, even if
• 32:34
  you ask for me is anybody where they do sales or marketing, You
• 32:40
  hear me? You're trying to get your
• 32:42
  business off the ground. The number one mentor, the
• 32:46
  number one resource that you need is somebody who is involved
• 32:49
  in sales or marketing because in sales and marketing we are
• 32:53
  concerned about, Oh yeah, are we making progress, are we getting
• 32:57
  customers, is the money coming in, is the business growing?
• 33:01
  If you go and look for mentors who are concerned about
• 33:04
  branding, concerned about leadership, concerned about
• 33:08
  look, all those things are important, but all that one is
• 33:10
  far now it is in the future when the business don't stabilize,
• 33:13
  when you are stable, when you are not stable, what you need is
• 33:17
  money. What you need is customers.
• 33:21
  So those of us mentors who are in the sales and marketing
• 33:26
  space, it is our primary concern.
• 33:29
  So you don't even have to ask for me by name.
• 33:31
  Just make sure you get somebody who the area of specialty is
• 33:34
  sales or marketing the world is enough.
• 33:38
  Otherwise, if you like who I'm looking for mentors who are good
• 33:42
  in branding and be branding. Now, let's say our Brandy will
• 33:44
  help you as a new business owner go and be branding, continue the
• 33:48
  brand. You, you come and give us
• 33:49
  testimony. So, So that's what Ted applied
• 33:54
  for. Now, Ted is an everyday ordinary
• 33:56
  Nigerian Niger Delta beep. If you ask her who her father
• 34:03
  is, is not a big somebody like me.
• 34:05
  My father is not a big somebody. If you ask her who her mom is,
• 34:08
  my mother is not a big somebody. Me too.
• 34:10
  My mom is not a big somebody. Well, she applied and she got
• 34:17
  in. You don't have to be anybody
• 34:19
  special. You don't have to be somebody in
• 34:22
  quote in the Nigerian context, these programs are there.
• 34:25
  Yes, I'm talking about Faith Foundation, not because I'm
• 34:29
  endorsing them, but just because you know, I mess with them.
• 34:33
  You know, we don't do flu for like last four or five years,
• 34:36
  but I've been doing some stuff with them.
• 34:39
  So it doesn't have to be Faith Foundation, but we see some of
• 34:45
  these things apply. What do you stand to lose?
• 34:51
  What do you stand to lose? Just the time you have invested
• 34:53
  in applying there may be for the ones where part of the
• 34:56
  application means you print out your form or you lose is the
• 34:59
  5059 per page that you printed out your application and then
• 35:03
  you sent. That's all.
• 35:07
  Anyway, so that's Faith Foundation.
• 35:08
  Again, the program that Faith Foundation is administering is
• 35:11
  the Orange Corners Innovation Fund.
• 35:14
  So it's a subsidy program. Of course, you all know what
• 35:16
  subsidy means and is managed by the Netherlands Enterprise
• 35:21
  Agency. Yeah, and the Netherlands
• 35:24
  Enterprise Agency, but the acronym now RVO.
• 35:27
  How do you think that RV? I don't understand.
• 35:30
  I don't understand. But anyway, you know, they don't
• 35:32
  really speak English there. So Netherlands Enterprise
• 35:35
  Agency. Let's see.
• 35:37
  And then like I said, I focused on incubation or acceleration.
• 35:40
  No point in defining that again. So they give a seed funding.
• 35:47
  Yeah. So that's it.
• 35:48
  So if you want to take advantage of the OCIF in Nigeria, the
• 35:51
  Dutch government is not going to give you money directly.
• 35:55
  They're going to funnel it through local fund managers.
• 35:58
  One of them is the Faith Foundation.
• 36:01
  Then they're also going to be providing you allowances, you
• 36:05
  know, seed funding, technical assistance, you know, stuff like
• 36:07
  that. Oh, I haven't mentioned
• 36:11
  eligibility requirements. Eligibility.
• 36:14
  That means that what you need to do to qualify.
• 36:17
  So yeah, to qualify, you have to be between 80 and 35 years old.
• 36:24
  So some of us are too old. For those of you who are too
• 36:29
  young, you're 16. No problem.
• 36:31
  Be patient. In two years you can apply.
• 36:33
  For those of us who don't pass 35, well, don't worry, you'll
• 36:36
  find something else. So like I told you now Scott
• 36:39
  free, you will still meet some requirements, in this case 18 to
• 36:42
  35. And a lot more than 60% of you
• 36:46
  who listen to my podcasts are between the ages of 18 to 20
• 36:49
  something. So all of you, can you please
• 36:52
  stop? Complaining about.
• 36:53
  Lack of finance or no support and start applying for these
• 36:56
  programs. There are too many of you who
• 36:58
  reach out to me and you know, hi, like you reach out to me.
• 37:04
  You've not tried to grow the business.
• 37:06
  You've not done any basic research.
• 37:08
  You don't know what any avenues are there.
• 37:11
  You're just complaining. And you are, what's the word,
• 37:14
  depressed? Like, how would you be
• 37:16
  depressed? You've tried nothing.
• 37:19
  Some of you reach out to me and I'm the very first person you're
• 37:21
  talking to. Like seriously, I'm the first
• 37:24
  person that you're talking to or I'm the first person you're
• 37:26
  considering talking to. Are you serious?
• 37:32
  Anyway. So you have to be between 18 to
• 37:35
  35 years old. So start applying.
• 37:37
  Then you also need to have a business that solves the local
• 37:41
  social challenges. So the examples that they gave
• 37:44
  here online are food security, renewable energy, healthcare,
• 37:46
  you know, stuff like that. So, yeah, so long as your
• 37:50
  business has social implications, you're 18 to 35,
• 37:54
  you know, you are qualifying, then you have to be based in
• 37:58
  Nigeria. You know, unofficially, they did
• 38:03
  not say this, but it's just my own opinion.
• 38:05
  Unofficially, it looks as if Lagos, Abuja, you know, all
• 38:10
  those areas, it looks like that's what is happening.
• 38:14
  But this is my own personal opinion.
• 38:16
  This is not what they said officially.
• 38:17
  This is just my own personal, personal opinion.
• 38:20
  So negotiations apply. Yeah, negotiations apply.
• 38:24
  Especially for all CIF, remember that Faith Foundation has two
• 38:29
  centers that's Ilukweju and some place in the Ugun State.
• 38:33
  So anyway, well, shall I? Go and do your own research.
• 38:38
  Don't take it from me. Now, Please remember I am not
• 38:40
  endorsing these people and this is not a promotion, this is not
• 38:44
  a sponsorship. So go and do your own research,
• 38:46
  OK? And make sure that is a good
• 38:49
  something for you to try because it might be a good idea, but
• 38:53
  maybe because of your personality or your business
• 38:55
  goals or whatever might be a bad idea for you.
• 38:57
  So don't just go and do this thing because Harvest Human said
• 38:59
  so. Go and do the research and be
• 39:01
  sure that it's a good idea for you then.
• 39:05
  Let's see, what else. What else?
• 39:07
  What else? So Tej, she passed through Faith
• 39:11
  Foundation and she got awarded some good money in euros,
• 39:16
  correct money through Faith Foundation and the OCIF.
• 39:21
  If some of you are wondering where can I get information on
• 39:23
  these things, I keep saying it that on your phones we have
• 39:27
  these tools, AI tools, ChatGPT, Google, Gemini, Claude
• 39:33
  Perplexity, what see these are how you get information.
• 39:38
  I'm a 26 year old Nigerian man who wants to start a cannabis
• 39:41
  business in Nigeria. Are there any business
• 39:44
  incubators that will finance these sorts of activities?
• 39:48
  You know, especially since cannabis is frowned upon in
• 39:51
  Nigeria. What kind of grounds do I have
• 39:53
  available? Send.
• 39:55
  You'll be surprised. The information that will come.
• 39:57
  You might find something that makes sense and then you have
• 40:00
  money for your IBO business. And yes, IBO is still illegal in
• 40:04
  Nigeria. So I would recommend that you
• 40:06
  get into all those kind of businesses.
• 40:08
  But the good thing about being a business consultant, the
• 40:10
  interesting thing is that I meet people every day.
• 40:14
  Different kind of people. And yes, somebody has reached
• 40:17
  out to me before and this guy is a space cadet.
• 40:19
  The guy is perpetually high and his business is in sending
• 40:24
  people to the sky, making everybody high, if you
• 40:26
  understand what I'm saying. I'm not endorsing that kind of
• 40:29
  lifestyle. I'm just saying that whatever
• 40:31
  the business is, these AI tools, you can go and research and try
• 40:34
  and see any incubation opportunity, any funding
• 40:37
  opportunity, any accelerator kind of opportunity, any grant,
• 40:41
  any kind of business support, any loan, any, you know, use
• 40:46
  these tools. Search.
• 40:49
  So now she's done with it. Now she's now applied to Jerry
• 40:52
  Azzy Foundation. That's one that is fronted by
• 40:55
  this guy, the pastor. At first I thought it was, you
• 40:57
  know, like it's one of those things, but man, this guy is
• 41:00
  actually serious. Now Jerry Azzy has part up with
• 41:04
  her KPMG apparently. So I can see that.
• 41:08
  OK, I guess this guy is a serious guy.
• 41:09
  By the way, I am not endorsing Jerry Azzy.
• 41:12
  I'm not familiar. I'm not affiliated with Jerry
• 41:15
  Azzy. This is not an endorsement.
• 41:17
  This is not a sponsorship. But if you work with Jerry, is
• 41:21
  it, and you like what I've done so far and you want to sponsor
• 41:25
  me, no problem, call me. But again, phone number is
• 41:28
  08064662140. But Jerry Azzy, since you are
• 41:34
  dispatching this money in dollars, when you call me for
• 41:37
  sponsorship, don't come and be telling me naira.
• 41:39
  We guys be talking dollars because it's dollars that you're
• 41:42
  giving out. So Jerry is a partner with KPMG.
• 41:46
  That's just for transparency. They've selected 240
• 41:49
  beneficiaries and I know one of them.
• 41:52
  That's my girl Tedge, and they're going to disburse about
• 41:56
  $720,000. That is roughly 1 billion
• 42:01
  dollars. Hey pastors, they gave money.
• 42:04
  I should have been a pastor. Honestly, I should have been a
• 42:07
  pastor. So, by the way, if you're if you
• 42:11
  want to start a church and you're looking for Co pastor,
• 42:13
  you know, hit me up. Plus, let's show what we can do.
• 42:15
  Let's let's let's rock this thing.
• 42:17
  This money's been made here. Then eligibility criteria.
• 42:22
  For Jerry Easy, remember every grant gets down eligibility.
• 42:27
  So, Jerry, easy, first of all, citizenship, you must be a
• 42:30
  Nigerian citizen or you have to be a legal resident living
• 42:34
  within the country. Well, OK, 'cause there's some of
• 42:38
  you who are not really Nigerians.
• 42:39
  Like when I was in Kano, that's where I started meeting people
• 42:41
  like that, like people from Lebanon, people from India,
• 42:46
  people from Egypt, people from where else, you know, even some
• 42:52
  Arabs. You know, I was, I was
• 42:54
  surprised. I didn't know that we had, you
• 42:57
  know, diverse populations like that living in Kano.
• 43:01
  Yeah. And funny enough, a lot of them
• 43:03
  are Christian, Catholic. Even that one really shocked me.
• 43:06
  I had no, no idea. So you have people who are from
• 43:11
  other countries, let's say like people from Egypt.
• 43:13
  Like there's one guy, I think his family's from Lebanon.
• 43:17
  But The thing is, the guy has never been to his country.
• 43:22
  The guy never smelled Lebanon before.
• 43:23
  All his life he has been in Nigeria, family business has
• 43:26
  been in Nigeria and you know the guy who speaks Hausa.
• 43:31
  The guy speaks Hausa. You hear him on the phone, you
• 43:33
  think you're talking to a Nigerian guy until you see him.
• 43:35
  I was like, I know the Oibo be this, you know, well, first of
• 43:38
  all, do correct you that know that they are not Oibo, that you
• 43:40
  know they are different and then anyway they're not as Nigerian
• 43:44
  as we are. So it will apply to those of you
• 43:46
  as well. So if you're one of those
• 43:47
  people, you're originally from Lebanon or from India or
• 43:51
  wherever or from Chad or from many Republic, but you've been
• 43:54
  living in Nigeria for the last three generations.
• 43:56
  You reside here, you operate here.
• 43:58
  I guess you might apply for the. Jerry is.
• 44:03
  A business grant then for Jerry is a Dem you have to be at least
• 44:08
  18 years old. There doesn't seem to be any
• 44:10
  upper limit. So I guess people like me can
• 44:12
  apply then Jerry is a requires that your business was be
• 44:16
  registered with the Corporate Affairs Commission.
• 44:19
  They're the ones that the CAC that's where all businesses are
• 44:22
  registered in Nigeria. So you have to register as a
• 44:24
  business name or as a limited liability company or as an NGO.
• 44:29
  Then operational history, Jerry Azidam, they want you to have
• 44:33
  been operation for at least six months.
• 44:36
  So this one doesn't really apply to those of you who are at the
• 44:38
  ideation stage, who are at the incubation stage.
• 44:42
  They want you to be have been moving something for at least
• 44:45
  the last six months. So this podcast is I'm recording
• 44:48
  this podcast in April of 2026. So for Jerry Azidam, if you're
• 44:53
  applying, it means you must have been in business.
• 44:56
  OK. April is 04.
• 44:59
  We're looking at six months, so we'll take two back.
• 45:01
  That is 10. So let's say October.
• 45:05
  If I want June, July, August, September, October.
• 45:08
  OK, so let's say September. So if you want to apply, you
• 45:10
  must have been in business at least September of 2025, if my
• 45:14
  math is correct. Apply to Jerry.
• 45:18
  Is it for the business grant then?
• 45:21
  Another eligibility. Criteria.
• 45:23
  What else? What else?
• 45:24
  What else? What else?
• 45:25
  Sorry, I'm scrolling and scrolling.
• 45:29
  OK, your turnover must not exceed. 10 million, so for those
• 45:31
  of you who are doing more than 10 million in business, you
• 45:35
  cannot apply. So people who are doing less, so
• 45:38
  if you're doing 8 million in business, you can apply. 4
• 45:41
  million in business, you can apply.
• 45:42
  If you're doing 9.8 million, I don't know if you can apply.
• 45:45
  Anyway, try your look and see Nigeria.
• 45:49
  Is also prioritizing. Different sectors, agriculture
• 45:52
  and Agri, business, technology, digital services, manufacturing
• 45:56
  and then retail. So you see what I mean when I
• 45:59
  say that they are eligibility criteria.
• 46:02
  Also reporting criteria as well. Then documentation.
• 46:07
  OK, you need to provide some paperwork to qualify for Jerry.
• 46:10
  Is it you need a national identity number that is NIN.
• 46:15
  I know some of you are not registered, you know, just go
• 46:17
  and register. It's a hassle but just go and
• 46:19
  register because nowadays any small thing where you want to do
• 46:21
  ask you for NIN bank account number, they will say bring NIN.
• 46:24
  You want to do passport, they will say bring me.
• 46:26
  You want to do driver's license, you say you do need.
• 46:29
  So you know, whether you're applying for this thing or not,
• 46:31
  just go and get your name because nowadays you need me for
• 46:34
  everything. I mean, soon, if you want to run
• 46:35
  for office, you want to be president to ask you for name.
• 46:39
  Then what else? OK, proof of CAC registration.
• 46:45
  OK, financial records, you need six months of financial of bank
• 46:48
  statements. OK, you see the reason why I
• 46:50
  keep telling people let's not call Mingle, let's separate our
• 46:52
  bank accounts. Let's make everything nice and
• 46:54
  tidy. 2 references. 01 has to be from a religious leader and one
• 47:01
  from the customer. Oh, OK, interesting.
• 47:03
  Because I was wondering that I know that Jerry is a pastor or
• 47:05
  something like this. I was wondering where religion
• 47:07
  will enter inside and then from a religious leader, but he
• 47:10
  didn't say Christian or Muslim, so apply.
• 47:15
  OK, Now the business proposal, you need a business proposal
• 47:21
  explaining your business model, how you're going to grow and how
• 47:24
  you're going to use this money. You see, I told you guys a grant
• 47:29
  is free. Now dash them, dash you.
• 47:32
  It doesn't mean it's exactly Scott free.
• 47:35
  You still have to tell them this money that you're giving me,
• 47:37
  this is how we use it. And then you have reporting
• 47:40
  obligations afterwards to be telling Jerry Easy and all of
• 47:44
  them that this is how I have been using this money.
• 47:49
  But it's still good. Because it is not a loan, you
• 47:53
  don't have to pay Jerry Azzy back then.
• 47:56
  It is not equity. Jerry Azzy is not a part of your
• 48:00
  business. So you won't just be sleeping
• 48:02
  one day then he'll now call you on Sunday at 1:00 AM in the
• 48:05
  midnight to now tell you that you know what this business
• 48:08
  you're supposed on like the supposed on like that he has
• 48:10
  given you, he has given you. You just need to make sure that
• 48:14
  you are using it for the purposes that you claimed from
• 48:17
  the beginning. OK then.
• 48:22
  Oh OK, this is the. Pastor again.
• 48:24
  And the applicants must not have been convicted of fraud or
• 48:27
  financial misconduct, any illegal activities.
• 48:31
  So those of you who have stolen money from maybe your treasurer
• 48:36
  of your family meeting, will that one apply anyway?
• 48:40
  I guess Jerry Azzy is just looking for honest people to be
• 48:43
  a part of the program. Anyway, go and do your research
• 48:45
  and you see whether you apply or not then.
• 48:50
  Anyway, it's been 15. Minutes, let me just bring you.
• 48:52
  To a close but summary, what I wanted to say is that look,
• 48:56
  these opportunities are here, these opportunities are they
• 49:00
  exist and everyday Nigerians are applying and everyday Nigerians
• 49:06
  are taking part of it. So Jerry Azzy, 240 entrepreneurs
• 49:13
  and then how many is this 120,000?
• 49:15
  I can't remember how much I said.
• 49:16
  Anyway, let me not scroll and lose track.
• 49:19
  But all that money is being doled out.
• 49:23
  I know one person, Tej was qualified for the program.
• 49:28
  She's going to be in Abuja at the end of the month so that
• 49:30
  they can do their swearing in ceremony and blah blah blah,
• 49:32
  blah, blah. And the reason why?
• 49:35
  She was kind of tired is. Because as part of the program,
• 49:38
  they're going to pass them through Tony Illumelu Foundation
• 49:41
  for I think two months or something.
• 49:43
  So she's kind of tired from all the studying and everything.
• 49:46
  But I'm just trying to encourage her that, you know, I
• 49:48
  understand, but it's, you know, it's one of these things you've
• 49:50
  qualified. The money will be good.
• 49:53
  You can use it for expansion and you guys for business expansion.
• 49:58
  And then for Tony Illumelu Foundation, I mean, that's an
• 50:01
  access to a new resource pool because Faith Foundation year is
• 50:06
  there and has been around for a long time.
• 50:08
  But Tony Lumelu Foundation, I mean, they have access to a much
• 50:12
  wider mentorship base. And I think I heard Gist, but I
• 50:16
  don't know for sure. I think that Tony Lumelu, they
• 50:18
  like to take people through legal and finance, like
• 50:21
  everybody, you have to learn your law, you know the legal
• 50:24
  basics for your business and you have to learn like the financial
• 50:29
  basis, like you need to understand, I don't know,
• 50:33
  bookkeeping, keeping money, stuff like that.
• 50:35
  But anyway that is gist that I have heard that is them say them
• 50:39
  say there's no information. That I've verified.
• 50:43
  So go ahead, look for all these things by yourself.
• 50:45
  These tools. Are there incubators?
• 50:49
  Are there? Grants.
• 50:51
  Are there accelerators? Are there?
• 50:56
  It's a pain in the. Neck to apply.
• 50:58
  But when you get in. It will be worth it.
• 51:01
  If you succeed, you will get money.
• 51:05
  Whether you get money or not. You have access to networks,
• 51:09
  your worldview. Will be expanded.
• 51:12
  You will see quality men and quality women, people who are
• 51:16
  moving and shaking. You will see 18 year olds doing
• 51:19
  things. Your eyes will open.
• 51:23
  You will see quality people in. Nigeria.
• 51:28
  Your frame of view, Your outlook.
• 51:30
  On Life will change, you will. See that there are people who
• 51:34
  are. Taking flights, Nigeria is
• 51:36
  rubbish, this is not working, blah blah, blah and you will see
• 51:39
  that there are people who are moving forward deliberately with
• 51:43
  their lives. That story that I told you guys
• 51:47
  about the. Fellow who is a Margot farmer, I
• 51:49
  say Margot. You know, like fly Margot.
• 51:52
  The guy farms Margot, that was like 4 years ago was through
• 51:57
  Faith foundation. I was taking them in a class on
• 52:00
  I think it was a class on sales or something.
• 52:02
  The guy was a maggot farmer. Revenues 10 million naira.
• 52:07
  No 10 million naira. Is nothing but.
• 52:08
  You know, 5-6 years ago. Sorry, let's say 4-5 years ago.
• 52:12
  It's been a while. Sure, 110,000,000 naira was not
• 52:15
  beans. First of all, I was even
• 52:18
  wondering how does somebody make 10 million naira annually
• 52:21
  selling maggots? Who sells maggots?
• 52:24
  Who? I mean who buys maggots?
• 52:26
  How do you even farm a maggot? But anyway, you know what's a
• 52:30
  big class? So me and the guy, no, we
• 52:31
  couldn't really chat or nothing like that.
• 52:34
  But this is what I am saying. You will see people who are
• 52:37
  doing things in this country. You will blow your paradigm
• 52:42
  about what? Is possible apply If you can get
• 52:46
  into any of these rooms, apply. Your life would not be the same
• 52:50
  again, even if now, Jack. By where you want Jack by.
• 52:53
  No problem. Apply.
• 52:56
  Let your eye open so that when you Jack.
• 52:59
  By you are open. To opportunities you feel me No
• 53:06
  be them them This thing is real, it's happening my.
• 53:11
  Mentor reached out to me. Sorry my.
• 53:13
  Mentee reached out to me, just qualified.
• 53:15
  So 240 Nigerians are getting their money.
• 53:18
  I know one of them. I don't know, 239 apply.
• 53:23
  Could be you. And let me repeat again because
• 53:26
  some of you think I'm losing track because I'm accepting
• 53:28
  sponsorships or something. Jerry Azer did not give me
• 53:31
  money. Faith Foundation did not.
• 53:34
  Give me money. The Dutch government has not
• 53:36
  give me money. It's just that when, IF with
• 53:38
  you, if I think you're a correct person, I will shout your, I'll
• 53:42
  shout your praise because you know if.
• 53:46
  There's something good it needs to be.
• 53:47
  Said people need to hear it. So these people have not given
• 53:52
  me money, but like I said, if you'd love to connect with.
• 53:55
  Me you can. Call me, send me a text message
• 53:58
  or a WhatsApp message on 08064662140.
• 54:03
  If you're interested in the 15 minutes, say Allotic WhatsApp me
• 54:06
  on the same number 08064662140. Would you like to join my
• 54:11
  WhatsApp channel? Send me a message and I'll hook
• 54:14
  you up so that you can stay update updated with the stuff
• 54:17
  that we're going through. So even though these people are
• 54:21
  not. Giving me money.
• 54:23
  If you affiliated with them in any way and you want to support
• 54:26
  your boy, by all means, I'm open for sponsorships.
• 54:30
  Call me 08064662140. Let's make it happen.
• 54:36
  But if you are calling on behalf of the Dutch government, if you
• 54:39
  are calling on behalf of Orange Corners, if you're calling on
• 54:42
  behalf of Pastor Jerry, is it? You should not be quoting me in
• 54:45
  naira. Don't quote me naira.
• 54:47
  I beg. Quote me pounds, quote me
• 54:50
  dollars, quote me EUR Do not quote me naira.
• 54:55
  Anyway. So yeah, that's it.
• 54:56
  I'll catch you all some other time.