Have you ever heard about Malthusian theory? I bet you haven’t, unless you studied it in school or heard about it somewhere. But I believe you’ve heard about Corona Virus, AKA, Covid-19. In this blog post, I’m going to tell you about Malthusian theory and how it is linked to Corona Virus. And finally, we’ll briefly discussed about the lessons learned.
But before talking about how these two terms, “Malthusian theory” and “Corona Virus” correlates, let talk about Malthusian theory first.
What is Malthusian Theory?
Malthusian Theory, otherwise known as “Malthusian theory of Population” is a theory published in the year 1798 by an English Cleric named “Thomas Robert Malthus” as an essay on the Principle of Population.
This theory is basically referred to as “Theory of Exponential Growth and Arithmetic Food Supply Growth”.
Notice that this theory is based on “Population” and “Food Supply”, let see why this great cleric published this theory and we’ll see how exactly it correlates with Corona Virus (COVID-19).
Explanation of Malthusian theory
Thomas Robert Malthus noticed something about human race, and that is ‘Increment in population’ and ‘Decrement in food supply’. Meaning that, as times goes on, there will be very shortage of food to eat. And this will lead to great famine which will kill millions of people, if the population is not controlled.
I remember during my secondary school days, there is something we learned in biology about ‘competition’ when it comes to ‘Feeding’.
Let me use fish as a good example.
If you throw a bait, let say an earthworm into a river (or sea), each of the fishes in the water (in the area) will struggle in other to be the first fish that’ll eat the earthworm… Fishes competes against themselves before they can have something to eat.
Although there are herbivorous fishes that feeds on plant. But still, they’ll need to compete before they can be satisfied. Why? Because there’s shortage of food.
Fishes eats and survives on what they see in their environment.
But how does this correlates with human being?
If you notice that our population is crazily increasing while food supply is decreasing, this creates competition among us.
For instance, prices of foodstuffs keep increasing and only those who can afford buying it will eat, while those who can’t afford to buy it, will have to starve.
In Africa, our population is increasing rapidly. For instance, in Nigeria, we have more than 204 million people here. In Lagos State, Nigeria, there are over 22 million people living there and that’s more than population of a country. For example, Netherlands (a country also known as Holland) population in Europe is not up to 20 million.
In China, the population according to World Bank and United States Census Bureau report more than One Billion people living in China as at 2018. In 2020, I’m sure it will be more than 1.5 billion people.
China is a country in Asia and the people living there are more than population of the whole Africa as a whole continent.
India population is competing with China as India has more than 1.3 billion people living there.
What am I trying to tell you?
As this population is rapidly increasing, more people are getting poorer and finds it difficult to eat good food because they can’t afford it and there’s no enough food to feed people.
Nigeria is the World Capital of Poverty because major part of the population can’t afford $1 per day.
And let me tell you that Nigeria is better than most African countries but we are the representative to describe how poverty is affecting AFRICA.
In India, they’re so poor that they beg for $5 jobs. And if you read their story, you’ll notice India is previously world capital of poverty until Nigeria took over.
This is the reason why there is something called Malthusian theory of population.
Let talk about they two key points in the theory;
- Food Supply
According to Thomas Malthusian theory, populations grows in Geometric progression or G.P in mathematics.
G.P is a sequence of numbers where each and corresponding terms are gotten by multiplying the previous one with a constant number known as common ratio.
For example, in the following term: 2, 6, 18, 54…… the next term will be what?
To get the next term, you need to find the common ratio, which is 3.
2 * 3 = 6 and 6 * 3 = 18 and so on. So, to get the next term after 54 will be 54 x 3, which is equal to 162.
That’s how population increases across the world.
For example, as at the time Nigeria got her independent in 1960, our population was 45,138,458.
After 10 years, that is in 1970, our population increased to 55,982,144. In another 10 years, 1980 the population was 73,423,633 and in 2000, the population was 122,283,850….
In 2010, the population increased to 158,503,197 and in 2020, the population is 206,139,589.
Do you noticed how it increased from 45 million+ to 206 million+ within 60 years!
And between 2010 to 2020, the population has increased with over 47 million people (within 10 years). And we’re expecting over 50 million to be added by 2030.
You see how the population grow faster and how it follows the Geometric Sequence?
Now let me talk about the food supply.
- FOOD SUPPLY
According to Malthusian theory of population, food supply or production increases in Arithmetic Progression or A.P.
A.P is a sequence of numbers where each and corresponding ratio is gotten by differences between the terms.
For example, in the series of 2,5… can you guess the next number?
Remember in G.P, we would say 2 x 3 = 6 and the next number would be 6 x 3, which is 18. But we don’t calculate an Arithmetic Progression like that.
To get the next number in the series; 2, 5 …, we will need to find the common difference which is 3.
You don’t multiply but you add to get the next number.
Which will be 2 + 3 = 5, to get next number, you say 6+3 = 9 and so on.
Let bring back the population and food supply in comparison;
If the population increases as 2, 6, 18, 54 etc., the food production will increase as 2, 5, 8, 11, 14 etc.
Notice that by the time we reach 5th term, population will be 162 will food will be 14.
Meaning that 162 people will have to share or compete on food meant for 14 people!
That’s bad right?
Don’t worry, you’ll soon see how Malthusian theory correlate with Corona Virus.
Thomas Malthus didn’t only postulate and published theory about population and food supply but he wrote about possible (and may be “only”) solution to avoid famine or shortage of food.
Malthusian theory stated that, there’s need to control the population to avoid many people dying from shortage of food. He then stated that this phenomenon can be controlled in form of “Natural or Positive Checks” and “Preventive Checks”.
And these “checks” or control will lead to something called Malthusian Catastrophe which will control the population to normal or sustainable level.
But let talk about these two checks;
Two Ways of Controlling the Population – According to Malthusian Theory of Population
- Natural or Positive Checks
Malthusian theory of population stated that natural forces is capable of correcting the imbalance between population growth and food production.
And these natural forces can be in form of natural disasters such as hurricane, earthquake, flooding, fire outbreak, War etc. when these things happened, they will reduce the population growth.
Remember that the preventions will leads to Malthusian Catastrophe…
Okay, let talk about Preventive Checks
- Preventive Checks
Malthusian theory of population suggested that preventive measures can also be adopted in other to control and contain the population growth with respect to food supply.
He said that prevention measures like celibacy (to avoid marriage and having sex), family planning, and late marriage.
Now, how does Malthusian Theory Correlates with Corona Virus?
Although Malthusian theory of population was criticized because there’s rapid advancement in technology, which has makes food processing master and easier.
But according to research, more people are getting poorer.
According to World Bank, those who are living in extreme poverty can’t afford $1.90 per day.
In 2016, about 734 million or 10% of world population are extremely poor – that’s they can’t afford a dollar per day. And in extensive research, the country with the amount of people living in extreme poverty is Nigeria with over 86 million in 2015 who can’t afford $1 and by 2020, I’m sure the amount would have increased to 100 million people (I will update this later when the latest number is published by the United Nations).
Those who go below $1.90 per day are also poor and those who are below $10 are poor.
Now, let see this stat by the World Bank as at 2015;
The rate of people who are extremely poor are 734 million people (1 in every 10 people). Half of these people living in extreme poverty lives in China and India.
And to control this population according to Malthusian theory, something needs to be done.
Government has mandated family planning in countries like CHINA and INDIA in order to reduce the population. But yet, China and India are still the first two most populated countries in the world with half of the poorest people living in the world.
Poverty rate will decrease economic growth.
That’s why it is suspected that “Corona Virus” is a man-made weapon used to control the world population. And if you notice, Corona Virus originated from China, the world most populated country with high amounts of people living in extreme poverty.
Meaning that, some powerful people are behind this pandemic. I can’t say if they’re helping the world by reducing the population because lot of lives has been lost in the process.
But all the way, Malthusian Theory is proved to be true with this pandemic, COVID-19. Because this pandemic is not from God, it is man-made!
If they want to use this pandemic to control the world population, then we should expect this to hit India and Africa just like it happened in China.
Currently, over 1 million people have been killed by this virus, with most in China, Italy, Spain and the United States.
Lesson learned from Malthusian Theory of Population in Correlation to Corona Virus?
- Many people believed that Corona Virus is from God, as a way of punishing the wicked ones. But this is NOT true. Corona Virus is man-made weapon
- They say there’s currently no vaccine for corona virus. If this virus is man-made, then there is vaccine but they’re not ready to release it.
- Corona Virus will not end the world, it is just a weapon to control the world.
- They may want to end this pandemic but it’s out of control
- This pandemic will control the population to an extend but the population will spike up again
Rounding Off: Malthusian Theory of Population and Corona Virus
This is an opinion written on basis of Malthusian theory.
To learn more about this theory, you can google search about it and you’ll learn a lot. Also, all statistics are taken from Wikipedia according to direct reports from the United Nations/World Bank.
I don’t mention the name of anybody behind this corona virus pandemic and I do not know who are they. The government of all countries affected are trying to deal with this virus except where it is turned to COVID-419.
What do you think about this article?
Kindly drop a comment sharing your opinion either in support of, or against my opinion here. And you think that this information is useful and elated you, kindly click on the social media icons floating here in other to share instantly with your friends on social media.
Thanks for reading and I will be expecting next time. You can do good by subscribing to my mailing list here and you’ll be notified whenever I publish new helpful contents relating to this, business ideas, how to make money online, banking and other tips.
GIG Logistics Branches and Location (Addresses) in Nigeria
GIG Logistics by GIG Mobility is one of the leading logistics companies in Nigeria due to the company’s mode of operation. Delivery is fast and the fee is not as expensive as other competitors.
If you’re trying to ship your stuff across the country, or to other countries like in Africa, the USA, the UK, etc., GIG Logistics can be your sure plug.
But as a new customer, you may not know how to contact them. The good news is that you can do more with the company via their website (giglogistics.com).
But in case you need to visit one of their branches very close to you, and you don’t know where to go, I will be covering that in this blog post.
Important Notice: In case you don’t find your city on the list, don’t panic. GIG Logistics can still deliver to you but you may need to contact them via email or telephone call if you’re the one sending.
If you’re not sending but receiving, you don’t need to stress yourself, just be available when it’s time for delivery.
You can easily click on your state in the table of content below rather than scrolling and scrolling till you miss what you’re looking for.
Here are the locations;
GIG Logistics branches and location in Nigeria
GIG Logistics Head Office in Nigeria
GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway, Beside Eterna Fuel Station, Gbagada Lagos, Nigeria.
SICCONS PLAZA, Opposite Unity House, Beside Lifemate Furniture, Garki Area 11
House 38, 3rd Avenue Gwarimpa, Opposite Union Bank Abuja.
No 10 Ajibade plaza beside okay Japan Electronics.Park Road Gwagwalada .
Block, 43, Gado Nasko way, opp 2/2 Court Kubwa.
Opposite Ignobis hotel plot 17 Gidin dutse layout, kubwa.
Abraham Plaza, Suite A13 Plot, 6 A.E. Ekukinam St, Utako Abuja
80 Aminu Kano crescents opposite Sherif plaza beside Wema Bank Banex wuse 2
Maraba Experience Center
No 132 GIZA PLAZA OPP CHRISGOLD PLAZA BESIDE MTN OFFICE MARARABA
Madalla by Mobil, along Abuja – Kaduna Express Road.
Plot 113 I.V.W. Osisiogu Street, beside Utako Police Station Utako Abuja.
206, Zuba Market, Opp. Lagos Line, Zuba
Cs1 Ground Floor Corner Stone Plaza By Dobbil Avenue Along Phone Village Road, Electronics Section Alaba International Market.
KM 25, Lekki-Epe Express way, Ajiwe-Ajah.
KM 22, Lekki-Epe Express way, Opp. Jeffrey’s Plaza, by Abraham Adesanya Roundabout, Ajah.
41 Shasha Road, Akowonjo Junction, Dopemu, Lagos.
Km 36, Lekki-Epe Express Way, by Ogunfayo Bus Stop, Eputu, Awoyaya Lagos.
103, Okota Road, Cele.
1st Avenue Road, Festac first gate, besides INEC office, Festac town, Lagos.
7, Hospital Rd, Ifako, Gbagada, Lagos.
Gbagada Express Center
GIG Logistics Digital Hub. No 1 Sunday Ogunyade Street, Gbagada Expressway,Beside Eterna Fuel Station, Gbagada Lagos
9, Medical Road, former Simbiat Abiola Way, Opp, Zenith Bank.
103 Awolowo road, Ikoyi Lagos.
16 Ikosi Road, Ketu Lagos.
Sabo Road Garage, Ikorodu.
29, Idimu Road, Opp. Local Govt, Council, Ikotun, Lagos.
13C Ilupeju Byepass, Ilupeju, Lagos.
International trade fair
Shop D77 & D78, Abia Plaza, BBA, Lagos Int’ Trade Fair Complex, Lagos.
164, Lagos Abeokuta Express Way, beside Diamond Bank, Lagos.
20 Ikorodu Express Road, Jibowu, Lagos.
No 1A, Wole Ariyo Street, Beside First Bank, Lekki Phase 1.
Lekki Admiralty 2
Jubilee Mall Admiralty Way, Lekki Phase One, Lekki.
Lekki (Fola Osibo)
Ground floor Legends Place Mall Plot 29 Fola Osibo Lekki Phase 1, Lagos.
Km 17 Scapular plaza Igbo efon.
Old Ojo Road
Old Ojo Road, by Police Station Lagos.
3 Ijaiye Road, Beside FCMB Ogba.
62 Opebi Road, Ikeja Lagos.
No 25 Otto Causeway Opp Iddo bus top, Iddo Ebute Metta Lagos.
3, Abeokuta – Lagos Expressway, Sango Ota, Opp. Sango Bridge.
26, Adeniran Ogunsanya, Surulere, Lagos.
169, Badagry Expressway, Volkswagen Bus Stop.
1436 Sanusi Fafunwa Street, Victoria Island, Lagos.
Tejuosho Ultra Modern Market, Ojuelegba Road, Yaba, Lagos.
Animashaun Plaza, Beside Petrocam fuel station, Near Epe T-junction, Epe.
43, Osolo Way, Ajao Estate, Ekwu Awolo House.
No 5 Asa Road Former/Old Nitel Building Aba
8 Mission Hill, Opposite Villaroy Hotel, Umuahia Main Town
No 60 Aba Road, Close to MTN Office at Aba Road, Umuahia.
Plot 2 Bekaji Plaza, Bekaji Karewa Road, By Fire Service Roundabout, Jimeta Yola.
Ado Ekiti Center
Soladola petrol station, beside Apc secretariat, opposite moferere junction, along ikere road, Ajilosun
Ogo Oluwa Bus Stop, Gbangan / Ibadan Road, NIPCO Petrol Station, Osogbo.
Plot C31, Relief Road, by Relief Junction, Off Egbu Road, Owerri.
Landmark: After Mr Biggs beside Nepa Office, Farm Center Area, Tunga, Minna – Niger State.
No 4 Old Otukpo Rd, Opposite Dester’s by Savannah Roundabout.
No 1 IBB Way, Adankolo, Lokoja, close to Federal Medical Cente
Shops 1 & 2 Police Officers Mess, Opposite Polaris Bank, Jos Road, Lafia.
Ahmadu Bello Way opp alhaji boye coca cola Depot Birnin Kebbi, kebbi state.
Shema Plaza Ground Floor, Mani Road, by W.T.C Round-About, Katsina State.
No 1 bompai road by Tarawa Balewa way, Opp Grand Central Hotel Kano.
Centro Plaza, Opposite Buk Old Site, Kabuga, Kano.
No 32 Zoo Road, Opposite Shoprite, Kano.
8 Ahmadu Bello Way, Off Kastina Roundabout, City Plaza, Kaduna State
Lagos Garage by Airforce Mami Mando, Kaduna State.
Nnamdi Azikiwe Expressway by Command Junction, close to Samrada Fuel Station (beside 911 bakery).
Dairu Garba Plaza, 18 Sokoto Road, MTD Junction By Nnpc Filling Station, Sabon Gari, Zaria.
Plaza 1080, Yakubu Gowon way, Dadin kowa second gate.
Angwan Soya Zaria Road bypass, Opposite Jankwano Bingham University Teaching Hospital.
Government House Round-About, Asamau House Block B, Number 8, by Airtel Office, Dutse, Jigawa State.
32 Hammaruwa way. Besides former Kashere Filling Station Jalingo.
Town Planning Complex, by Sumal Foods, Ring Road, Ibadan
Suite 5, Kamal memorial plaze, former iyalode complex, opposite funcktionals clothing, bodija – UI road, UI Ibadan.
No 76 Opposite Arisekola Mosque Iwo Road Ibadan.
NNPC Mega Station, Opposite Zenith Bank, Star Light, Ogbomosho, Oyo State.
190, Ibrahim Taiwo Road(Upper Taiwo), Opposite Primo Pizza / Chicken Republic, close to new Wema Bank, Ilorin.
No 1 Umar Audi road, Fate Road, Tanke GRA, besides Hotels Mirabilis. Ilorin.
7, Market Road, Holy Ghost Park, Opp. State Library, Ogui, Enugu.
67, Zik Avenue Uwani Enugu.
No 64 Owerrani, Enugu Road, Nsukka.
202, Uselu Lagos Road, Ugbowo Benin City.
112, Akpakpava Road, Benin City.
Shop 1, Omegatron Plaza, 47 Airport Road, Benin City.
42, Benin/Agbor Road, Oregbeni, Ramat Park Benin City, Edo State.
Okene Express Way, Opp Auchi Polytechnic, Auchi.
Ukpenu Road Opp. Grail Message Centre, Akahia, Ekpoma.
Asaba Onitsha Expressway, By Head Bridge.
445, Nnebisi Road, opposite Zenith Bank, Asaba.
SUIT 53/54 INDEPENDENCE MALL OKPANAM RD, ASABA.
138, Effurun-Sapele Rd, by Airport Junction Warri.
116, Effurun-Sapele Warri Road, Effurun Opp. Our Ladies High School.
29 Ndidem Usang Iso Road ( Aka Marian Road) Calabar.
Shop 7, Yandoka Road, Adjacent MTN office. Opposite First Baptist Church, Bauchi State
Kpansia Epia, Opposite Wema Bank by INEC Junction, Yenogoa
Pam House, Tamic Road and School Road, Okutukutu By Isaac Boro Expressway, Yenogoa
Elite Shopping Complex Opp Crunchies fries, Enugu/Onitsha Expressway, Awka
2 Awka Road, By DMGS Junction, Beside All Saints Anglican Cathedral, Onitsha
No 73 – Owerri Road, Martina Chukwuma Plaza (Innoson Plaza), Opposite The Salvation Army Church, Umudim Nnewi
Akwa Ibom State
3, Monsignor Akpan Avenue, Itam industrial layout, opp Timber Market, Itam.
No 108 Oron Road, beside the First bank, Uyo.
No 22 Oyemekun Road by Cathedral Junction Akure
LACFOG PLAZA Adjacent Choba Police Station East-west Road Choba PHC.
No 118 Off Woji GRA, Same Building with Miskay Boutique By Bodo Junction, Port Harcourt.
No 9 Stadium Road, Beside Benjack, Port Harcourt
Cocaine Village Junction, Off Aba Rd, opposite Genesis, Rumuogba, Port Harcourt.
PHC Peter Odili
No 89 Peter Odili Road Port Harcourt.
PHC Ada George
No 18 Ada George By Okilton Junction, Port Harcourt.
3/4 Maiduguri Road Gawon Nama Area
C 1, A A Master Plaza Canteen Road Gusau.
This is the complete list of GIG Logistics and their location in Nigeria. If you have any questions regarding GIG, kindly contact them directly. You can see how to contact them via their website at https://giglogistics.com
If you want to ship an item from the USA stores like Amazon, eBay, etc., to Nigeria, you can read my guide on how to ship with Heroshe Logistics.
7 Super Professional Tips to Build a Successful Business in 2022
It is a new year and you’ve been thinking of how you can build a successful business but don’t know how or where to start. Let’s talk about that and see if you’ll learn something, or be inspired.
Some businesses fail because they’re following old blueprints which no longer work effectively to build their startup.
We’ve learned a lot between 2020 and 2021, and we’ve seen how businesses are affected by the ongoing Corona Virus pandemic. But ideas to start or build a business are waxing stronger in us, how are we going to bring these ideas to reality?
But is 2022 the right time to start a business?
Yes, it’s never too late to start a business in 2022 and you are still going to see rapid growth if you put in all the efforts.
Regardless of the Coronavirus and its variants, you’ll agree with me that starting and building a business these days is easier compared to a few years ago as a result of technology and more investors who’re ready to provide capital for a futuristic business plan.
According to a report, investors spent more than $140 billion to support startups in 2017 and the figures have increased ever since then till date. This shows how people like you are creating something or a platform that solves a ‘problem’ and how people are ready to support it.
If you’re also planning to launch your startup, you’re welcome, it’s never too late to be phenomenal.
Aside from investors who’re ready to invest, you don’t necessarily need to build your business by renting a big hall or apartment for office use, thanks to COVID-19, you can gather your team and work remotely, while you’re saving a lot of money that will go into office setup.
If you have a good business plan or startup idea and you’re worried about what to do next, the following tips will help you get started;
7 Tips to Build a Business in 2022
#1. Do Your Research and Understand Your Mission
You see, a lot of people see other people building stuff and they got jealous to build something too – this is a wrong motivation to start a business.
You have to think clearly about what you want to do, you ask yourself: “In what way(s) can this idea or business help people?” – emphasize “help people”.
If you want to start a fashion design company, do your research thoroughly and understand that you’re about to build a type of business some people have built already. So, how are you planning to get better and beat your competitors?
For instance, can you think of a unique fashion trend and dominate it for the long term? If yes, what fashion trend and how can you hit the market with your idea?
You have to plan all these, you just don’t voluntarily jump into the ocean without knowing if it’s safe or not. If it’s not safe, then how are you going to survive?
#2. Get a Team Members with Common Goals
The spirit of being the CEO and (sole) founder is part of what’s killing some businesses and startups to date. I’m not saying you can’t build a business alone, you can! But you can’t survive alone. If you survive alone, you won’t go far alone.
You have to understand this concept. If you read about big business builders in the world, you’ll notice one thing that’s very common to them – they don’t build alone!
Bill Gates, Mark Zuckerberg, Elon Musk, etc., will tell you that they called their friends when they were about to start their company. Why? It’s simply because they need teammates who can work with them to achieve their primary and respective goal(s).
The reason is simply that if one is falling, another person will lift him. And this boils down to you looking and calling the right people to join you or else if you fall, that’s the end of the business.
So look for the right people in your circle, during meetups, on social media, share the business idea with them and be patient to see those who’ll be ready to join you.
Getting team members here is different from hiring people. You have to look for someone or some people who’re ready to take ownership of the business and work diligently.
They can in turn be your co-founder, CTO, etc… Just make sure you’re careful and patient enough to see someone with the same common goal.
#3. Start Building with the Little You Have:
You know the type of business you want to build and you have someone or some people who are ready to work with you. The next thing is to start building that business with the little resources you have.
The mistake most people make is that they’re waiting for the “perfect time” and that time translate to when they have sufficient money to invest in the business. The truth is that that perfect time won’t come unless you start now.
And I will like to say this if you’re starting a new business but you don’t have money to invest personally, you’re still not going anywhere. It’s either you get a job, make money and come back to that idea or, you sell the business idea to someone else.
The bottom line is that you have to start from you, even if you will need investors to inject capital into your business, you have to show them something – your ideas + efforts.
#4. Create Good Information and Communication Flow
As part of what you’re starting with, is how you can bridge the communication gap between your business and your target audience (investors included). That’s why you need to invest in creating that information and communication flow.
This is not a big deal at all, you just need to create an online presence for your business by getting a website, getting on social media, and investing in Email marketing or CRM tools.
If you can’t build the website yourself, you can hire freelancers to get the job done for you, there are free email marketing tools like MailChimp that you can get started with. You can hire an expert to manage your business’s social media handles for you too. The person will be in charge of content creation, posting, and attending to comments.
Having a website is very important, if it’s just a landing page, do it and let people know about your business from there and use your social media handles to keep telling people about your mission, not that loudly tho.
#5. Start Expanding the Business
You’ve tried a lot, but it’s not the time to relax. It’s time to start thinking of expansion. I mean expansion at all lengths.
If you launch your business to focus on people in Canada and they accept it with open hands, it’s time to expand to New York, and then to Paris, to Africa, etc.
In your team as well, you need to have some people who will be in charge of marketing, human resources, engineering, international relation, legal, and many departments within your company.
With great power comes greater responsibility, the more you’re growing, the more you should expand.
But what if your company can’t afford to hire people you need to run the business as you’re thinking of expanding, is that the end? No, it’s not!
#6. It’s time to Seek Business Funding
This is not a must if your business can afford to finance itself, but I bet it can. As a startup that’s at the entry or expansion stage, you need money to take care of a lot of things and some people are ready to provide that money!
There are people called Angel investors and some are called Venture capitalists, these people are in the business of investing in other businesses to make a profit. No money is too big to invest for VCs as long as your company’s evaluation is also big.
If you think your business need funding, kindly check this blog post on how to get one for your business.
#7. Don’t Stop Expanding; Invest More in Your Business
You’re not there yet. Start investing more in advertising, your team members, think of innovation and, acquire other related small businesses.
Just don’t stop growing!
I hope these tips will help you start that business in 2022 and I believe you can conquer the world, don’t worry, start today!
If you love what you just read, kindly consider subscribing, and don’t hesitate to use the comment box below to let me know your feedback.
MTN’s IPO: How to Buy MTN Shares with less than N50,000
Here is your time to shine, you can now buy MTN shares and join the leagues of MTN shareholders in Nigeria.
Nigeria’s telecommunication giant, MTN Nigeria recently announced the selling of 575 million of its shares to the public on Tuesday, November 30th, 2021. Just in case you don’t know what “shares” is, let’s me quickly tell how it works;
What are Shares?
Share simply means a percentage of ownership in a company. Those who hold these shares are called “shareholders” and you can also call them “investors”.
What that simply means is that, let’s say you buy MTN shares, you have a percentage of every percentage of the company. If the stock rises, your share rises and vise versa.
How Shares Work?
The more shares of a company you’re holding, the more decision-making power you have in that company and the more your profit if the company is performing well.
Let’s say you buy 250 units of MTN shares at the rate of N169 each, which is N42,250.
And luckily, MTN stocks jump to x10, that’s also N42,250 x 10 for you. You’ve made N422,500!
That’s just the simple idea, if you know how FOREX, stocks, or cryptocurrency work, you have the idea of how Shares work also.
But you don’t need to panic because MTN Nigeria is leading and doing well in Nigeria, investing your money to buy from their shares will be a good return on investment (ROI) for you.
…and this is a golden opportunity if you’ve been looking for where to invest your money.
Right in this blog post, I’m going to share with you how can buy these MTN shares easily and answer a few things you may want to know. But let’s start with the eligibility and requirements;
Eligibility and Requirements to Buy MTN Shares
1. You must be 18 years old and above – No minors *(-_-)*
2. You need a Bank Verification Number, BVN
3. You need a CSCS (Central Securities and Clearing System) account
4. You must behold the shares for at least 12 months, if you can’t let your money work for you in 12 months, don’t even try buying.
5. You must be able to buy a minimum of 20 unit shares, while the maximum is 250 units.
Buying MTN Shares: Other things you need to know
- The general public can buy the MTN shares from December 1 to December 14, 2021 (just 2 weeks)
The MTN share offer will be priced at N169 per one unit
- The minimum amount you’ll invest (for 20 units) is N3,380 and the maximum (250 units) is N42,250
Your stockbroker or a certified Momo Agent can help you
- Visit https://mtnoline.com/PO in case you need help
Now, let’s talk about how you can buy MTN shares before the deadline!
How to Buy MTN Shares in Nigeria
There are two ways to buy the shares, you can buy through;
2. MTN MoMo agents
Buy MTN Shares with PrimaryOffer
PrimaryOffer is a service (or product) by NGX exchange where you can buy new public offers like this MTN share. Here is how to buy your MTN shares on PrimaryOffer:
– Visit www.primaryofferng.com and click on “Get Started”
– Click on “I am an individual investor” if you’re buying for yourself
– You’ll land on a page with MTN branded banner at the top, but click on “Create an Account” to get a PO account
– Put your BVN number and correct date of birth
– Click on “Continue”
– On the next page, your primary data would have been generated from your BVN, fill out the remaining data such as “email address”, “your mother’s maiden name” etc.
– Click on “continue”
– Verify your OTP: check your email address to get the code
– If you do that correctly, your account will be verified and the next thing is to login
– Login with your email address and password
Finally, buy the MTN shares!
After you log in to your PrimaryOffer account, you will see the only shares available (MTN shares), click on the MTN logo, it will load to open a new page.
– Scroll down and put in the unit of shares you want to buy. Note that the minimum is 20 and the maximum is 250
– Check the agreement and conditions, and
– Click on “continue”
– CSCS account will be created for you, but you need to complete it manually on the next page by filling in one of your bank details
– Click on “update Bank”
– Continue to complete all necessary stuff such as uploading a proof of address, your national ID card, and your signature.
– You can as well complete your social profile
– If you’re done with that part, go back to offerings to buy the MTN shares.
Important Notice: You can also use the PrimaryOffer mobile app to do all these things.
ALSO CHECK: How to Invest in Treasury Bills in Nigeria
That’s the first method of buying MTN shares in Nigeria.
Buying MTN Shares with Receiving Agents
Just in case the steps above are too technical for you to do, you can use a receiving agent and the person will do all the hard work for you.
Receiving Agents you can use:
1. MTN MoMo Agents
MoMo agents have received training on how to help people buy MTN shares. So you can visit any MoMo agent close to you and they’ll help you out.
2. A Stockbroker
Stockbrokers are professional, if you see one, ask them for help but be careful and make sure you use a trusted broker.
So, that’s how to buy MTN shares in Nigeria.
Summary: How to Buy MTN Shares in Nigeria
– You can buy MTN shares for as low as N3,380 and the highest you can buy is N42,250
– The best way to buy MTN Shares is through the PrimaryOffer’s website or mobile app
– The public sale of MTN Shares will end on December 14, 2021 (Maybe this will be extended, I don’t know)
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