BY: Nmerichukwu Igweamaka

Folorunso Muyiwa is the Chief Executive Officer of Divergent Enterprise, the parent company of Nigeria’s biggest pig farm, PorkMoney. In this interview, he talks about the country’s investment climate, economic diversification, among other issues. Excerpts.

The Federal Government of Nigeria maintains its determination to diverse the economy, do you think that is achievable?

It is definitely achievable. The diversification of the economy is probably the only option left for development. This is because the economy continues to rely so much on crude oil. The numbers speak for themselves. Oil accounts for 80 per cent of government’s revenue and 90 per cent of foreign exchange earnings. No country, especially one that is blessed with a lot of natural resources like Nigeria, can totally depend on one economic sector.

I believe that there are great opportunities for non-oil sectors to grow, and this growth has been visible since 2001. Of course, the changes cannot be very quick and the transformation will not happen overnight.

However, the Federal Government can develop different sectors by taking important steps necessary for growth to take place. We can no longer be a mono-economic country. 

Could that explain why you ventured into pig farming?

The idea of PorkMoney grew out of the desire to tap into a neglected sector of the livestock farming that has the potential to create value and change the agricultural ecosystem for good. Long ago before PorkMoney was launched in 2018, I visited a pig farm in Ogun State, one of the biggest in the country, and realised how fast the pigs grew and the viability of pig farming system in general. I knew this was something I needed to be a part of and I’m glad for the decision that I took. We are currently the leading pig farming enterprise in West Africa and our achievement speaks for itself. 

Did the idea of establishing PorkMoney emanate from that?

My visit to that farm was definitely a turning point for me. Before then, I was oblivious of the untapped goldmine that is pig farming. 

What challenges did you encounter?

Every business comes with a few challenges. One of the challenges we constantly face is the need to micro-manage casual workers from farm handlers, managers, production managers and other workers. Many of them compromise on set standards by cutting corners, especially in meat processing and livestock welfare.

Another challenge is the religious sentiments in this part of the world towards pigs and pork products. However, this was a more pronounced problem at inception and it is dissipating with time. 

Knowing the religious sensibilities of the country, did aversion to pork cross your mind?

Not at all. In as much as there is a religious proscription to the consumption of pork, we cannot ignore its usefulness and benefits to our health and nourishment and just how lucrative pig farming is. I mean, Nigeria is a major consumer of pork and 80 per cent of it is imported. This means that a lot of people enjoy this animal protein. All we are doing is localising its production. 

Is it possible to alter negative public perception about pig farming?

Definitely. One of our key responsibilities is to enlighten the general public about the great side to pig farming and inform them of the many benefits of pork consumption. Somehow, our environment and the kind of information we were exposed to as a people have influenced our idea of certain things. There are a lot of things we might need to unlearn as time goes on. So by using all our platforms – our social media, our website and even our adverts, we have ensured that we always show the good sides of pig farming because they are much. 

Did you consider the possible health challenges in pork breeding?

Of course, we do. However, we ensure that we take the appropriate steps to mitigate any possibility. We also take proper hygienic measures like vaccination, quarantine and biosecurity, which keep our weaners very healthy.

Are you saying there are no associated diseases?

Livestock farming comes with a risk of epidemics; but if managed properly, they can be prevented. The great thing about pigs is just how resilient they are, compared to any other livestock, to farm. They are simply incredibly disease-resilient. 

Vaccines and disease surveillance have always been the bane of animal husbandry. How do you take that observation?

Livestock are very prone to diseases; hence the need to constantly take precautionary measures such as administration of vaccines and disease surveillance activities across the farm to prevent outbreaks. Very recently, China witnessed its biggest animal disease that claimed livestock and cost the country billions of dollars because of its flawed surveillance.

So it’s important for other pork-producing countries to take adequate disease surveillance and testing programmes to detect these diseases early enough and prevent a fast spread.

So far, our farm partners under our management have taken adequate measures that have seen us not witness any outbreak since our launch in 2018. We expect that with our measures, this would continue to be the case.

What would you consider the most limiting factors to entrepreneurship in Nigeria, especially for youths?

Lack of capital is one of them. Aside that the Nigerian environment is not too conducive and encouraging for budding entrepreneurs, access to funds is one of the biggest challenges for youths in business. Another is the unfavourable tax policies, poor management, corruption, lack of training and experience, poor infrastructure and lack of specialised skills to scale one’s enterprise, none of which is insurmountable for a determined person. 

How would you rate Nigeria’s Small and Medium-sized Enterprises, compared to other countries like Malaysia?

The SME sector is the backbone of major developed economies and an important contributor to employment and economic growth. Malaysia is doing remarkably well when it comes to the business scene. About 98.5 per cent of business establishments in Malaysia are SMEs, which contribute 36.5 per cent to the country’s Gross Domestic Product and 65 per cent of the employment. This is impressive. Despite the significant contribution of SMEs to the Nigerian economy (48 per cent), challenges still persist that hinder the growth and development of the sector. Some of the overriding issues are access to funding, lack of skilled manpower, multiplicity of taxes, high cost of doing business, among others. This proves that there is still much to be done.

As an entrepreneur, how did you overcome initial apprehensions, especially funding, and what areas have you exerted your ideas so far?

When I was starting out in business, I had no capital, training or resources to start my journey. The brilliant ideas were there. All that was needed to execute them was finance, which was lacking, but I had to start small and grow multiple businesses over the years till I was able to afford the capital needed to start my current pursuit.

• In this era, sorting isn’t a way out. If you run out of money, you’ll give your body and if they get tired what then do you give?  – Ebube

BY: Sandra Ani

Nineteen year-old (19) Ebube Rebecca Okeke has emerged the Best Graduating Students (Department of Economic) and Best Graduating Student from the Faculty of Arts and Social Sciences with a CGPA of 4:71, at the Federal University Lokoja, Kogi State.

She attributed the feat to the mentorship by her mother, hard-work and prayers, stressing that she learnt a lot, not just academically but also about the environment.

GrassRoots.ng has a chat with Ebube…enjoy the dialogue

Can we meet you

My name is Ebube Rebecca Okeke, a graduate of Economics from Federal University Lokoja. I am 19 years old and I hail from Enugu State; Isi-Uzo Local Government Area to be precise.

Tell us about this big win of yours

To the glory of God; I emerged the Best graduating student from the Department of Economics and the Best graduating student from the Faculty of Arts and Social sciences with a CGPA of 4:71.

I particularly want to thank God for the grace, wisdom and strength. I also want to specially appreciate my mom; my best friend, mentor, role model and teacher. She thought me the value of hard-work, goal setting and goal getting. I’m grateful mom. To all of my lecturers, the entire staff of federal university Lokoja, my friends and family, Thank you for the support

I started this journey in the year 2015 and made straight A’s with a GP of 5.00 during my first semester in the university. That semester was tough and amazing. I learnt a lot, not just academically but also about the environment I found myself and how to make proper and beneficial decisions. I learnt the importance of relationships and diligence too.  I made some pretty amazing friends, not just with students alone but with lecturers too and I’m grateful.

Every success story has bumps, but with the help of God, my family and friends I overcame. To everyone reading this, in which ever field you might be in you’ll definitely encounter challenges but don’t let it stop you, keep pushing.

To every student, read like it all depends on you, pray like it all depends on God and get a skill or develop your passion. Improve yourself mentally and other wise.  The world’s changing, you should too.

How was it like growing up

I had an amazing child hood; went to the best primary and secondary schools; Spring Nursery and Primary school and Harmony Secondary school. Mom was very strict about the kind of movies and TV shows I watched; my social media activities and all that. It was annoying then, but now I’m grateful

Was there a time when teachers or mom had to force you to read?

Teachers; No.  Mom; No. She basically just encouraged me, advised me and helped me through it. She was my lesson teacher. We did all my assignments together. During my undergraduate days, there were courses I didn’t really understand like Philosophy, Mom would read them and make notes/summaries for me.

In this era, some students believe it’s all about sorting, how can one stand out?

In this era, sorting isn’t a way out. If you run out of money, you’ll give your body and if they get tired what then do you give? Be diligent, don’t give the lecturers to put a negative tab on you. Attend classes, write all of your tests and assignments and submit on due dates

What’s your next plan?

To begin the real journey towards greatness. To start living and working towards my dreams and make impacts.

Congratulation, Ebube.

Thank you so much for this great opportunity and the feature.

By: Oliseama Okwuchukwu

President Muhammadu Buhari has declared that nobody will unseat him in the rescheduled 2019 presidential election. 

The President, who spoke exclusively CNN Africa aired on Friday, also dismissed suggestions that he lacks the stamina to run the country for another four years.

When asked if he was scared that he could be defeated the way he defeated former President Goodluck Jonathan in 2015, Buhari replied: “No. Nobody would unseat me. I am ready to take this country forward for the next four years.”

He reiterated that his administration had kept the three-point promise to fight insecurity, corruption and fix the economy.

President Buhari while thanking the international community for its support in the fight against insurgency, assured that he would do his best to curtail the Boko Haram insurgency in the North East.

The short interview went thus:

CNN: They say you don’t have the stamina for another term. What’s your response?

Well, I have done it. So, they can give you another answer.

CNN: You are ready to take this country forward for another four years?

Yes. I’m ready for it.

CNN: Boko Haram, terror groups are still wrecking parts of this country, killing Nigerians. What is your plan to stop that?

Well, my plan is that, as I mentioned to the public now, they used to hold 17 local governments. We have in this country constitutionally, 774 local governments. They used to hold 17. They are not technically holding any local government now, but they are indoctrinating young men and women, especially girls, wrap them up with explosives and let them explode it on soft targets, churches, mosques, market places, motor parks and other places.

CNN: Will military be able to stop this terror?

Of course, we are doing our best. And we thank foreign countries, Europe and United States for training our armed forces and going to the front to see how they are performing after their training.

CNN: One final question. This is a vibrant democracy, you came in, unseated the incumbent. Are you worried the same could happen to you?

No. Nobody will unseat me.