Post Training Production and Marketing of Products at Bwari
Sequel to the Strengthening Women Engagement in Livelihood and Good Governance Project. African Centre for Entrepreneurship and Information Development-ACEIDEV, further scheduled the women that have acquired all the requisite skills in liquid soap production from different wards of Bwari Area Council to kick start the production of the liquid soap in their various wards clusters. The women at ward level organized themselves into groups to implement lessons learnt during the skill acquisition and also to test run viability of the soap production and market strength.
Funds were raised for the purchase of liquid soap raw materials needed to embark on the production of liquid soap. At their first Post-Training Production, the women were able to produce 50 litres of liquid soap of which was packaged into 75cl bottle water container and sold for N200 each. ACEIDEV introduced a marketing strategy for their post-production sales. Number one of the strategies is selling the liquid soap within 24 hours to the local markets within their respective wards. The second strategy was the reinvestment of the capital given to them for further Post-Training Production and the profits made from the sales of the products. Instructed under the leadership of their various ward leaders, monies realised should be ploughed back into next production cycle and sale business strategy.
Post-Training Day 2 Liquid Soap Production continued another day as was instructively scheduled still at their various ward levels. Which is aimed at helping the women become masters in liquid soap production and as one of their businesses at the moment. Profits realized from the proceeds was scheduled again
to be put back into the production process for the third phase with 75 litres of liquid soap produced by each ward and sold out within the locality in 24 hours.
ACEIDEV next training will be focused on building the capacity of these women in marketing and branding skills in other to reach out to more customers and expand their market reach. Thereby, completing the cycle of the training and purpose of empowering the citizens with entrepreneurial skills and building businesses in post-covid sustainable economy.
ACEIDEV further helped developed a mini-accounting system consisting of their activities, purchases of materials, cost of production, other expenditures, sales and profits realised after sales. The system was structured into three;
- The Capital (Invested money)
- The Profits (Sales of Products)
- Expenditures (Purchase of materials and production cost)
The system structured usage of the profit into three;
- Put one-third back into the business (Adding to the capital)
- Take one third of the profit as wages (Self-payment)
- Save the last one third of the profit to be used later (another scheme)
Moreover, for proper accountability and to engender a structured approach to managing the group, ACEIDEV developed a separate Post production log book, with scheduled timetable of activities for the three wards for the next 3 months last quarter of the year. This is to encourage the women to keep proper records of their activities, determine their cash inflow and outflow. ACEIDEV post training effect and plan is to help the women prepare and produce business plans that will be used to appeal for funds/support from well-meaning Nigerians, politicians, government, private finance institutions and international organisations in other to scale up their businesses, expansion and more profits.
ACEIDEV under this initiative aim at taking this model to all the 36 states of the Federation after the pilot project of the FCT. Training and empowering women, men, youths and the unemployed to gain skills at no cost and to be financially empowered to boost their livelihood and that of their family members, and society at large. Skill acquisition cutting across various trades and not limited to liquid soap and it’s like, including ICT and Technology as it is demanded from participants from various wards, to build the capacity of members to be employers of labours after acquiring requisite entrepreneurial skills.