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Businesses that thrive during the festive season

The festive season (Christmas and New Year) is fast approaching. It is a period when demand for certain goods and services increases.

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Businesses that thrive during the festive season

The festive season (Christmas and New Year) is fast approaching. It is a period when demand for certain goods and services increases. You can capitalise on the seasonal demand to make some good money by venturing into or investing in any of these businesses.

Sale of rice

There has been an increase in the price of rice (especially the imported brands) lately due to the closure of our land borders with neighbouring countries. However, this is not likely to reduce the demand for rice during the festive season.

Rice is one of the most coveted gifts during the season, as corporate organisations and individuals give out bags of rice as gifts to their valued clients/staff and loved ones respectively. In addition, people eat more rice during the season.

Businesses that thrive during the festive season

 

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However, the trend this season may be that the demand may tilt in favour of the 25kg and 10kg bags, instead of the 50kg bags.

Sale of chicken

A key item that will be part of meals during the festive celebrations is chicken. Those who sell live chickens this season cannot go wrong. Parents strive to buy this for consumption by their children and guests and chicken is a perfect combination with rice. Also note that neighbourhood parties increase during the festive season with street associations, estate associations and several others having Christmas parties and carnivals. For anyone selling live chicken, provision of killing and dressing services will be a plus.

Sale of clothes and shoes for children

The festive season is a period when parents purchase new clothes and shoes for their children and wards. The increase in demand is because people want their children to be well dressed as they attend parties, visit friends and families, or go to recreational centres.

[READ ALSO: Nigerians should endure pains of border closure – Customs boss, Hameed Ali(Opens in a new browser tab)]

Sale of Christmas decorations and Christmas lights

Christmas is a period when people like to decorate their houses and offices with Christmas lights, decorations and trees. Such decorations give their houses/offices a new look and adds colour to the premises.

Sale of Christmas hampers

It is a season of giving. Despite the state of the economy, Christmas hampers will still be given out as gifts by corporate entities and individuals to show appreciation to their clients/loved ones. However, the purchasing power of the buyer will determine the grade of the hamper to be bought (essentially, the content).

If you plan to sell hampers this season, make sure you do not limit yourself to the high-grade hampers alone; have some mid-grade hampers in stock too.

Businesses that thrive during the festive season

Sale of gift items

There is an increase in demand for gift items such as perfumes, wristwatches, jewellery, bags and so on. during the festive season.

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People tend to give gifts to their loved ones, as it’s a special season of giving. Moreover, sellers of hampers also buy some of these gifts to include in their hampers.

In conclusion, it may be possible for some of these products to be more marketable in particular locations. One should consider the marketability of the products vis-a-vis the location.

By Bode Omotoye

(A Chartered Accountant & Banker who resides in Lagos)

Nairametrics frequently publishes articles from experts such as financial analysts, economists, researchers and investors. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform. To get your articles on Nairametrics, kindly send an email to [email protected] and we will publish it within 24 hours of approval by our editorial team.

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Business

School Resumption: Parents commend Lagos Govt, request e-learning infrastructure support for public schools

Government reopening of schools has no doubt been welcomed by concerns by some parents.

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Covid-19 School Reopening: WhatsApp messages reveal fear among Nigerian Parents

Parents of students in leading private schools in Lagos, including Meadow Hall, RMS, Wellspring College, Christ College, Children International School, Alpha Soteria, and many more, are happy with the Lagos State Government’s resolution to re-open schools on the 21st of September.

72.73% of parents surveyed expressed confidence that their children’s schools are COVID-19 compliant and ready, while 27.27% are not sure the schools are ready. The above stats show that the efforts of the government in making sure the schools are well-prepared to resume during this pandemic are paying off and parents are grateful for this; however, 54% of the parents want a new session to start from 21st of September, effectively canceling the 3rd term like other state governments have done.

READ MORE: Lagos announces e-processing of building planning permit, approval to take 1 month

About 60% of the parents surveyed said that they got value for money from online schooling for their wards, but the challenges were many. They implored the Lagos State Government to work with the schools in solving these challenges, which include:

  • Contents not rich and extensive enough.
  • Work overload without assessment.
  • Feedback mechanism from teachers and performance ratings for the children not properly done.
  • No time focused /attention per child, making lecture times ineffective.
  • Some parents also said it was stressful navigating the platforms.
  • The greatest of all issues mentioned was data, as many lectures were held via video streaming for hours daily.

In all, the parents commended the efforts of the teachers who, regardless of the challenges, tried their best to get the children engaged during the lockdown period. They did this, even without proper warning or planning for online schooling.

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Over 90% of the parents surveyed had attended public schools in the past; they encouraged the state government to do more for the public schools in this new normal digital education era, so that public school children wouldn’t be disadvantaged and lag behind.

READ: Flywire to partner with Mastercard on international tuition payment.

The parents asked that public schools be equipped with e-learning facilities, internet access for teachers, an internet library for the students, training to skill up teachers in the use of Information Technology for teaching, and laptops for the schools. They also requested that the government provides low-cost funding for the required resources.

In all of this, 60% of the parents surveyed said they are willing to support the government, in a bid to digitally empower the public schools in the state.

READ: UK to impose visa ban, seize assets of Nigerians for electoral offences

Speaking to Sobowale Temiloluwa, CEO, Intelligent Interactive Limited, a digital analytics and technology company on the survey, he said:

“There can be no progress without measurement and feedback, whilst the government is doing their bit, they need to get feedback from all stakeholders, including parents, in order to innovate and improve. The pandemic came as a shock to all, and we were all forced to go online, without adequate preparation. Having done this for months, we need to look back, see where we performed well, and where we performed poorly and improve.”

READ: Marina set to regain its beauty as FG, Lagos, stop barge operations along coastline

On public schools he said:

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“In the new normal, everyone needs access to the internet, and these resources must be provided, else, the public school children will lag behind. However, this Government cannot do it alone, parents that have benefited from the public schooling system in the past must also support the government to achieve the task of empowering all children with access to digital tools for education.”

“Many global technology giants in Nigeria and Globally, are supporting governments with grants and tools to aid e-learning, the government can reach out to these top companies for help and partnerships. But it must be known that digital education has come to stay, and there must be moves to scale up, so we can meet up with the demands of this new normal period,” he concluded.

Explore the Nairametrics Research Website for Economic and Financial Data

Below are the results of the survey conducted:

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Business

Lagos shuts 3 container terminals, hotel in Amuwo Odofin, seals 17 buildings in Lekki

The government has moved to seal illegal terminals and unapproved structures in the state.

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Lagos issues ultimatum to Tank Farm Operators over planning permit, Lagos seals 27 residential and commercial buildings in Lekki, LASG Seals 19 more Buildings in Banana Island over planning permit

The Lagos State Government has moved to stop activities of the illegal container terminals with the sealing up of 3 illegal locations along Festac Link Bridge, Amuwo Odofin. This also includes the one used for batching sand underneath the bridge, among others.

The state government, in its continued clampdown on illegal structure, sealed off 17 buildings at Oniru Estate, Lekki, and several others along Oniru Beach. It also sealed the Festival Hotel and a 9-floor serviced apartment illegally renovated in Amuwo Odofin.

READ: Lagos seals 27 residential and commercial buildings in Lekki

This disclosure was made by the Lagos State Commissioner for Physical Planning and Urban Development, Dr. Idris Salako, while supervising the sealing off of the facilities, in the company of the Special Adviser to the Governor on Urban Development, Ganiyu Adele Ayuba, and Permanent Secretary of the ministry, Arc. Foluso Dipe.

Salako noted that the existence of container terminals and docks must be controlled in order to forestall abuse of the physical environment and ensure environmental sustainability.

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READ: Uber Introduces Uber Cash In Nigeria

He explained that the container terminals, some of which also operated unapproved docks, are located indiscriminately in apparent contravention of the Lagos State Urban and Regional Planning Law 2019 which stipulates that prospective developers must obtain Planning Information and Planning Permit as necessary conditions for locating such facilities.

While ordering the removal of the container trucks along Festac-Mile 2 link-bridge, the Commissioner said that the State Government would not condone the existence of illegal terminals or similar facilities across the metropolis in view of their impacts on the infrastructure and natural resources of the State.

READ: Despite COVID-19, Lagos State Government says Q1 budget performance rose to N163.2 billion

Salako urged anyone interested in setting up such facilities to approach the Ministry of Physical Planning and Urban Development for Planning Information, which would give informed advice on approvable locations, and also obtain a Planning Permit from the Lagos State Physical Planning Permit Authority (LASPPPA).

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Business

Fire guts fuel tanker, vehicles at Anthony, Lagos

The tanker conveying PMS lost control while in motion and subsequently fell sideways.

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NNPC reacts to Lagos pipeline explosion

There is a fire outbreak, which has gutted a fuel tanker, at Anthony inward Gbagada, Lagos State.

This was disclosed by the Federal Fire Service via its Twitter handle on Friday evening. The incident, which occurred around 10 pm, has razed at least two vehicles.

The agency urged road users to avoid the area and take alternative routes.

Also, the Director-General of the Lagos State Emergency Agency, Dr Olufemi Oke-Osanyintolu, confirmed the incident.

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He said, “The Agency responded to distress calls and upon arrival at the scene of incident, it was discovered that a tanker with unknown registration number conveying PMS lost control while in motion and subsequently fell sideways. This led to an explosion in which two unidentified vehicles were burnt.”

A joint team of responders led by the Federal Fire Service, LASEMA, LASG fire service, LRU fire unit, Nigeria Police and LASTMA are working together to curb the inferno from escalating further.

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