Archive for the ‘Nigerian’ Category

The Controversial Fuel Subsidy Removal

Monday, January 16th, 2012

I was in a jolly mood celebrating the goodness of God over me and my family when I heard that the Federal Government of Nigeria has carried out its resolve to remove the controversial fuel subsidy! Henceforth we are not to buy Petrol at prices dictated by market forces. That piece of news saw an instant increase of 117% in the pump price of Petrol.

Since the public debate started, I have not been able to make up my mind which side of the debate to join. Sincerely speaking I couldn’t vote for removal of subsidy non removal. After listening to several public, private and expert speakers on the issue, I was more confused than before. Not that I possess a low IQ, but for the fact that each party were presenting facts and figures that do not agree.

I didn’t realize at first how serious the whole issue is, until about three days after when I started noticing the actual effect of the removal of fuel subsidy around me. The cost of transportation went over the roof. Several people that travelled to their remote villages to celebrate the holiday were stuck in the villages because they could no longer finance their trip back to the cities due to the sudden increase in transport fare.

When the labour union called for a strike action to protest the increase, I knew there was going to be trouble. The fuel stations shut down and there was immediate scarcity of fuel. At first, instead of buying petrol at N65 per litre, I bought at N80 per litre a day before the strike. As at today, eight days into the strike, I had to buy at N160 per litre. Some friends told me they but at N200 per litre.

Weighing the options all over again, I guess the issue is not choosing between removal or retaining fuel subsidy. The real issue is, what is wrong with our leadership? Why can’t we have honest men and women as leaders? Why all the corruption? It is only in Nigeria that thieves are celebrated and given honorary awards. It is time we say no to corruption and corrupt men and women wasting our resources and inflicting hardship on the masses.

I vote for removal of corruption in Nigerian government. In my humble opinion, that is the solution to the controversial Fuel Subsidy.

Nigeria At 51

Saturday, October 1st, 2011

Nigeria Celebrates 51years of Independence From Colonial Rule

Nigeria is 51!  We celebrate our fifty-one years of independence from colonial rule today. On 1st October, 1960 Nigeria was granted independence from colonial rule. Ordinarily, it is an occasion that warrants jubilation and celebration. But as I look around, I feel uncomfortable. While our leaders are busy wining and dining, people on the street are asking what is there to celebrate!

Proudly Nigerian

Proudly Nigerian

I have always insisted that there is enough reason to celebrate Nigeria’s Independence Day irrespective of the challenges we face as a nation. However, this year, it has been much more difficult convincing friends and relatives that there is reason to celebrate.

The pessimism about the future of my great nation seems to increase as the days go by. Even those who were formerly enthusiastic about the Nigerian Dream are no longer confidence that the change we desire will come in our lifetime.

They ask me the familiar question which is tough to answer. “In the face of unemployment, bad roads, deteriorating education system, corruption, hunger, lying leaders, pen robbery, kidnapping, militancy, religious intolerance, insecurity… what is there to celebrate?

Well, I may not have a perfect answer. My answer may not satisfy all. But I believe we need to celebrate, and I indeed celebrate with my family. My reasons for insisting that we celebrate as Nigerians are as follows:

  • The fact that it could have been worse, but for God’s mercy upon us as a nation.
  • The fact that when there is life, there is hope of a better tomorrow!
  • The fact that evil cannot triumph over good for ever, Nigeria shall rise again!

Remember, just before the dawn of a new day, is the darkest moment of the night! Nigeria will rise again! Nigeria will be great again!

To all Nigerians at home and abroad, I say a hearty HAPPY INDEPENDENCE DAY! Long Live Nigeria!

Your Business Mission

Thursday, August 25th, 2011

What is the Mission of your Business?

A Successful entrepreneur won’t have the same answer as you are having in your heart right now. Too many small business owners assume that the mission or goal of their business is to make money. If you set your eyes on making money, be rest assured that your business won’t last for long.

Businesses are practically packaged solution to people’s need. Businesses are meant to satisfy the need of individuals or organization. If that is the case, then making money cannot be the mission of a successful entrepreneur. An entrepreneur that aims at making money will only survive until an entrepreneur that aims at satisfying the need of customer comes around to dislodge him.

Customer Satisfaction Should Be Your Mission

Successful entrepreneurs often encourage their staff to aim for two things. First, attract customers. That is the whole essence of internet marketing and all the gimmicks internet marketers parade online. Everyone is trying to get the attention of customers. The competition for customers attention is very keen. Even though you have the capacity to satisfy the need of a market better than your competitor, your inability to attract the customer will make it impossible for you to prove that you are better!

The second goal is to satisfy the customer. Whatever you do, aim at satisfying your customers. A satisfied customer will safe you thousands of dollar in advertisement. His or her recommendation may earn you better return than you can ever get on paid advertisements. Also, a satisfied customer repeated patronage pays huge dividend which cannot be easily quantified. Instead of attempting to subtly grab a few hundreds of dollar from a prospect work at making the prospect a satisfied customer and watch him spend thousands of dollars in repeated sales while recommending your business to his friends.

Quality Customer Support Service Holds The Key!

Irrespective of how good a product or service is, poor customer support service will run the business down. People love to be treated with love, care and respect. Every human being is craving for attention. You will agree with me that everyone, including yours sincerely will love to be treated as Royalty.  When this fails, customer support service should come to the rescue.

To err is human, so it is not out of place for a business to fail in its bid to satisfy customers. However, whenever such failure occurs, customer support service personnel should spring into action to ensure that the mistake is remedied. Customer support service must ensure that the dissatisfied customer does not leave the business because of such failure. Everything should be done to redress and win back the customer’s confidence.

This is one area that small business owners in Nigeria need to look into. It has been discovered that too many big enterprises dump inexperience and ill-motivated personnel in their customer support service departments. Such personnel when attending to dissatisfied customers are often rude and abusive. Some even act as if they are doing such customers a favor. Instead of treating the customers as royalty, they actually demands subtly that the aggrieved customer be grateful that they are spending their precious time attending to such trivial complains. This is a golden opportunity for small business owners to tap into.

Give The Customer Royal Treatment and Watch Your Business Grow!

Since the market is already full of lots of aggrieved customers, take advantage of this! Build a first class Customer Support Service Department for your business. Ensure that the department is staffed with the best behaved, smooth talking, diplomatic, courteous staff you have. Explain to the personnel that they are the last hope of the company in retaining any aggrieved customer. So, their attitude should be such that a customer having come in contact with them will find it difficult to leave.

Get Feedback About Your Customer Service Department

If you really want to stay and grow in business. You need to get direct feedback from your customer on what your customer support service personnel are doing. You need to know if they are striving to keep customers for you or doing otherwise. Too many businesses have lost valuable customers because an aggrieved customer was not well attended to. Getting feedback from customer is not so difficult. You only need to be creative and you will be surprised that customers are willing to comment on how your staff treat them.

Reward Good Support Staff and Fire Bad Support Staff

It is your business, so be bold enough to reward good support staff and fire without hesitation any support staff that is killing your business. It is foolish to allow an arrogant and uncultured support staff to continue in your employment. Any staff that does not accept the fact that it takes the income from satisfied customer to keep the business running must be fired. Customers pay for satisfaction and it is the responsibility of any business that takes a customers money to provide such satisfaction or refund the money taken. As such, it is compulsory that every staff understand and agree to treat every customer like royalty.

This post was provoked by a recent experience I had with a business organization. Having failed in keeping their promise, their support service staff are acting as if they are doing me a great favor listening to my complain. If I were to have my way, I will recommend that the entire customer support service department of that business be overhauled, because their response to customers sucks!

Your business mission is to attract customers and satisfy them. Never forget that if you truly want to be a successful entrepreneur.

Do you have a story to tell about customer support service? Do you have a tip to share that will empower a small business owner? Please do so in a comment. Cheers 😉

Is Bulk SMS Business In Nigeria Crashing?

Saturday, June 4th, 2011

Bulk SMS entered the Nigerian market with a big bang. It became the newest make money online song and I wrote about it in my post  Bulk SMS Reseller In Nigeria. As competition in the market for bulk sms intensified, I was greatly amused and I wrote another article pointing out that using price as basis for competition is not a healthy thing. You can read the article, Bulk SMS Reseller Price War. As at today, it seems the story has changed. It seems the Bulk SMS market in Nigeria is collapsing. Please correct me if I’m wrong.

Bulk Sms Reselling

Bulk Sms

I am not a Bulk SMS reseller. But I’m a heavy user of bulk SMS. I subscribed to one of the most reliable bulk SMS reseller and I have been enjoying their service until recently when I noticed that my sent messages were not getting delivered. I thought it was just a hitch in their system, so I went online and chatted with one of their representative.

Well, I was treated to a very good customer service and I thought that the situation will be rectified. Unfortunately, a week after, the same situation is still persisting. Over 60 percent of the messages I sent doesn’t get delivered and that was really embarrassing.

I was actually thinking of switching to another reseller because I was loosing money. Every time a message sent is not delivered, I loose the money spent on sending the message while at the same time I suffer the embarrassment of intended recipient of such message calling that they never got the message. That is not good for an entrepreneur like me. So I made up my mind to switch to another reseller. But the question on my mind was, which of the myriad of bulk sms reseller parading themselves as the best solution provider in the market should I subscribe to?

Should I join the bandwagon and become  a bulk sms reseller myself? After giving it a thought, I decided that I’m not ready for sms reseller business. I already have my hand full for now. I believe in giving my best in whatever I lay my hands on. Since I don’t have the time to commit to the business of reselling sms, then there is no point going into it for now. My good name is my greatest asset. So the option left is to subscribe to another bulk sms reseller.

Well, while searching for the best provider to subscribe to, I discovered that I’m not the only one complaining about undelivered messages. Some of my friends are complaining also. And funny enough, we subscribed to different bulk sms resellers. So that showed me that it wasn’t only my provider that was having hitches with their services, many more in the bulk sms business are experiencing the same.

Now, someone suggested that GSM operators in Nigeria are responsible for the undelivered messages! How true is that? Whenever, I send messages from my phone using the GSM operators (I have 3lines, MTN, Glo and Etisalat) the messages get delivered. However, when I send bulk SMS to the same operators some get delivered, while some don’t get delivered. A friend suggested that the GSM operators are sabotaging the business of bulk sms reseller. That sound ridiculous to me. But could it be true? There are too many questions and little comforting answers.

What has been your experience as a user of  Bulk SMS in the past one month? Do you have answer to the questions raised above? Kindly say in a comment. You might save a business by doing so. Thanks for reading. Cheers.

New Minimum Wage For Nigerian Workers

Monday, February 28th, 2011

Should Government Workers Celebrate The New Minimum Wage?

Government workers in Nigeria are getting excited about the newly approved minimum wage of 18,000naira. Does this really call for jubilation? I’m not trying to be pessimistic, but I personally feel that what Nigerian workers need is not a new statutory minimum wage. They will be better off if the government focus her attention on arresting the factors responsible for eroding the purchasing power of the workers income. If the present attitude of our leaders in maintaining the social infrastructures continues, the newly approved statutory minimum wage will have less than the purchasing power of the old 7,500naira minimum wage.

It is not the volume, but the value!

I personally feel that everyone would have been better off, if government has concentrated on improving the supply of electricity and repairing the roads. Those two factors alone cost an average worker thousands of naira per month. so much fund is wasted from each workers income as they struggle to provide energy using petrol generator.  The cost of transportation is also high because commercial vehicle owners pay heavily for maintenance of their vechicle due to bad roads and poor road networks.

Will The State Government Pay?

The state governments are already crying foul over the federal government action. They claim they can’t afford to pay the new minimum wage. This shouldn’t come as a surprise to us, knowing fully well that some are owing their workers more than one month salary (at the old minimum wage rate). How on earth do we think such states will be able to pay their workers the new minimum wage which is more than 100percent increase on the old rate.

Will The Private Sector Pay The New Minimum Wage?

The private sector will now have to contend with disgruntled workers who will be expecting automatic increase in their salary because of the pronouncement of the Federal government. Unfortunately, many workers in private organisation will be dissappointed. Such automatic increase in salary is not realistic. Presently, a lot of private firm are having challenges with running their operations on diesel driven generator, because there is a hike in the price of diesel. Unlike before when a litre of disel sold for 110naira, now it goes for as much as 140naira per liter. That is a sudden increase in overhead expenditure.

Just two months into the new year and there are already many challenges for the Nigerian Entrepreneur to combat with. Unfortunately, our leaders are too pre-occupy with the April election to bother about the state of the economy. They are not helping matters in any way as their reckless spending is putting pressure on the economy. The warning from the Central Bank of Nigeria on the need for the executive to cut down on recurrent spending seems to be falling on deaf ears.

Nigerian entrepreneurs need to re-strategize in order to cope with the unforeseen result of these government policies. Every wise entrepreneur need to watch his/her overhead expenditure this year. It is obvious that there are challenges ahead. What is your opinion about the new minimum wage?