About the Campaign
Provisions, foodstuffs, cooked food, nobody can survive with them. Whether in mini marts, convenience stores, grocery stores, food shop, supermarket and the likes, the world just cannot do without them.
My name is Olalekan Ogunbiyi and I decided to go into the retailing of provisions, toiletries, consumer goods and sundries (goods normally demanded by students living in tertiary institutions hostels) business after my graduation. I didn’t have much cash but I was willing to start small. I saw an opportunity to sell to students in my hostel so I started with the N2000 I could muster at an unconventional location; a room in my hostel (https://bit.ly/commencement1). I made sure to document the details of my progress from then on my Facebook business page: www.facebook.com/Ineffablesconcepts. We had students trooping in and out as early as 6am till 12 midnight and even beyond. After some years, and amidst so many challenges, we eventually broke even, acquired some assets and employed not less than 3 persons per time.
We had plans to expand beyond the hostel, but before we could actualize that, the school authorities had through some change in policy, forced us out.
After having labored so hard, I didn’t want to just shut down like that especially because we had built a brand and reputation within our coverage area for quality goods, service and prices.
We have now secured an old garage which we were able to get on lease. The location replicates most of the dynamics we had in the hostel especially that of a dense population. It’s surrounded by a number of hostels. It has a road passing in front of it. The whole estate is populated by students,workers and families. When completed, it is where we want to move our assets, team and continue our business from but we are unable to singlehandedly cover the cost of renovation and initial inventory. We have had to reach out to help us cover this cost and in extension help regain the livelihood of everyone connected to our business including other people that will come under our employ. We are looking for the sum of at least One Million Naira(N1,000,000) – about three hundred thousand(N300,000) for renovation and the remainder for initial stocking of goods.
We plan to build a proper business model that will also empower other entrepreneurs and also engage in welfare outreaches. (Please see more details here: https://bit.ly/butteryproject).
The breakdown of the building estimates are as follows:
BUILDING COST ESTIMATES
200 blocks @N170 per block. 34,000
6 bags of cement @N 2,400 per bag .14,400
1 truck load of gravel 10,000
Aluminion Works (windows)50,000
Wood: 3 by 4 – 4 pieces @ N1000 each4,000
2 by 4 -10 pieces @ N700 each7,000
2 by 3 – 20 pieces @N400 each8,000
Nails: (4 inches) 10 weight @ N200 per weight2,000
Crown – 1 pack3,000
Roofing Pans: 2 and 1⁄2 bundle @ N13,000 per bundle32,500
Holding Wire (Oja Igba): 1 pack1000
Welding Works (Rough Estimate)30,000
Other Works [Undeterminable at this point (Miscellaneous)] 40,000
TOTAL ESTIMATED COST OF BUILDING. N275,900.
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Thank you for your anticipated support.