BUSINESS
How to Start a Liquid Soap Production Business in Nigeria.
How to Start a Liquid Soap Production Business in Nigeria.
Liquid soap is one of those products people cannot do without. In fact, it is second nature to need liquid soaps every now and then. Like food, liquid soaps are one of the essential commodities in unending demand in various households, businesses, organizations, etc. Everyone, notwithstanding social, economic or political status, needs liquid soaps for purposes befitting of the demand for it. As long as humans continue to exist on this planet, the need for soap will never diminish or evaporate. Soaps serve everyone and there is no faulting anyone who chooses to go into liquid soap production. Liquid soap production is a business that already has an already-made market for your goods. All you need is take your products to the open arms of your target markets. Starting a liquid soap production business in Nigeria should be one of your “must dos” right now. With as little as #10,000, you can start this business and grow it to the level of your dreams.
Liquid soap is fast replacing detergents in Nigeria. Since the advent of liquid soap, detergent producers have found it uneasy coping with the competition. This is as a result of the fact that liquid soap is fast gaining grounds for laundry and dish washing. Liquid soap has several advantages over traditional soaps and detergents. Thus, its preference for laundry and dish washing by most Nigerians. Since the advent of liquid soap in Nigeria, several skill acquisition centers have incorporated liquid soap making into their curricular. The proliferation of several small scale liquid soap production companies are understandable.
Even with the Advent of liquid soap production companies and with a vast majority coming from small scale backyard liquid soap factories, the market is not yet saturated and can never be. This is because people will never stop washing their dishes and doing laundry. This means that the demand for liquid soaps or any other type of washing agents can only increase and never decrease because as long as people live on the face of the earth, they must continue to wash. If they must wash, they need a washing agent of which the liquid soap is one of such.
“The Must-Knows” in Liquid Soap Production.
Before we go into guidelines or steps to starting a profitable liquid soap production business, you must take note of certain things about liquid soap production. This is for safety purposes. Enumerated below are very important facts you should know about liquid soap production:
* Measure chemicals well before application. You are not encouraged to over-apply chemicals.
* Some of the chemicals used in liquid soap production is hazardous to human health. You will do well to keep these chemicals away from the reach of minors and unsuspecting people.
* Treat chemicals used for your production with the delicacy of holding an egg.
* Make sure the color is completely dissolved before mixture.
* Follow guidelines religiously without season.
Guidelines on How to Start a Liquid Soap Production Business in Nigeria.
Here we are! Below are detailed steps on how to start producing your own liquid soap according to eentrepreneur.ng:
Step One: Draft A Business Plan
An investor can predict the success or failure of your business just by reading your business plan. As the name implies, a business plan contains detailed information on how you intend to run your business. It includes thorough feasibility studies and marketing strategies you want to explore. In addition to that, you must be able to expressly state the goals and objectives of your business, your target audience, competitive advantage, financial projections, and the likes. Usually, an aspiring entrepreneur that takes his/her time to draft a detailed business plan will most likely do better than those who don’t. Furthermore, with your business plan, you can approach any venture capitalist or investor for funding.
Step Two: Register Your Business With CAC
CAC is an acronym for the Corporate Affairs Commission, the recognized body in charge of business registrations in Nigeria. Registering your business makes you an authority in your business and prospective customers see a registered business as trustworthy and reliable. Basically, all you need for your business registration is your valid ID card, personal details, passport photograph, and signature. To start, visit CAC’s website to check for the availability of your chosen name. This is because there is a likelihood that your desired business name has been registered by someone else.
There are two types of registration you can go for. You can either register a business name or as a limited liability company. The price for a business name is lesser than that of a limited liability company. For an easier approach to registering your business, pay someone to carry out the registration for you. One of the firms you can trust is ReDahlia, located at 43B, Emina Crescent Off Toyin Street, Ikeja, Lagos. For them, your location is not a barrier as you can send them your details via email and your certificate will be delivered to your location once it is ready.
Step Three: Get A Space For Your Liquid Soap Business
This step is optional if you are starting on a small scale. Liquid soap business can be done from the comfort of your home and you can package it and sell it to your customers. But, if you are starting on a large scale, you may need to rent a facility for your production. In addition, if you plan to sell as a wholesaler, running the business from home will not be professional and appropriate. Besides, not everyone should have access to your home. Except, of course, you intend to produce the soap in your home and deliver it to the retailers yourself.
Step Four: Get The Liquid Soap Ingredients
The next thing to do is to purchase your liquid soap ingredients. At this point, it is important to get the right proportion of ingredients as that will go a long way to tell on the quality of your liquid soap. Basically, the required materials are mostly chemicals. This is why you need a nose mask when producing your liquid soap.
Here is the list of ingredients needed to begin:
* Sulphoric Acid
* Caustic Soda
* Soda Ash
* Nitrosol
* Texapon
* SLS (Sodium laurate sulphate)
* STTP (sodium tripolyphophate sulphate)
* Perfume
* Formalin
* Colorant
* Water
If your business location is in Lagos, the best place to get these ingredients is Ojota Market. There, you can tell them the litres you want to produce and they will give you the accurate measurement you need. In addition, you will also need to get the materials mentioned at the beginning of this article.
Step Five: Produce Your Liquid Soap
Once you have the required ingredients and materials, the next step is to begin the production process. Here, you will learn the procedures for producing 20litres of liquid soap and the required measurements.
The ingredients are:
* Sulphonic acid – 1 litre
* Caustic Soda – 1/3 tin milk cup
* Soda ash – 1/2 tin milk cup
* Nitrosol – 1 tin milk cup
* Texapon – 5-6 teaspoonful
* STTP – 6-6 teaspoon
* Perfume – as desired
* Formalin – 5-6 teaspoon (optional)
* Colorant – as desired
* Water – 19 litres
Method of Preparation
* Get 1 litre of water and soak the caustic soda in it for 30minutes or more to ferment. Alternatively, you can soak the caustic soda overnight as that will make the soap glitter.
* Dissolve the Soda Ash in 1 litre of water for 1hour or more
* Get a big bowl, then turn the sulphonic acid into it. Also, add texapon and perfume into it. Pour 3 or 4 litres of water into the mixture and stir very well for 10 minutes.
* Dissolve STTP with 2 tin of milk cup water and stir
* Get a separate bowl and dissolve SLS into it with 2 tin of milk cup of water and stir
* Get a bigger bowl that can contain all the separate mixtures, then turn nitrosol into it and 4 to 5 litres of water. In place of Nitrosol, you can use antisol but antisol requires two days soaking before use.
* After the Nitrosol dissolves, turn the dissolved sulphonic acid, texapon and perfume into it and stir vigorously
* Add the dissolved caustic soda into the mixture and stir
* Pour the dissolved soda ash and stir
* Add the dissolved STTP and stir
* Pour the dissolved SLS and stir properly
* Add 5 teaspoonful of formalin and stir
* Dissolve your color in water and add to the mixture
* Leave the mixture for some hours for the foams to disappear before packaging it
Step Six: Package Your Liquid Soap
The packaging is very important in this type of business as that is what will differentiate you from the saturated liquid soap market. You will need to purchase plastic bottles of different sizes. The prices of the bottles differ depending on the size and design you go for. If you are starting on a small scale, you could begin with used pet bottles and reuse them just like many people do. Thereafter, you can begin to purchase special bottles, then print a label that’ll be wrapped on it. Importantly, if you are producing on a large scale, you will need to get a NAFDAC registration number. Else, your production process can be halted or your products banned from circulation. But, if you are producing for personal use, you may not need to deal with NAFDAC.
Step Seven: Promote Your Business
There are recognized liquid soap brands Nigerians have come to trust. If you want them to look past those brands and choose yours, you will need to do a lot of marketing plus the branding you’ve done in step six. One of the strategies you can employ to invade the market is to use the price penetration strategy. Obviously, the liquid soap business is profitable. You can make N15,000 from N5,000 liquid soap production. Therefore, you can reduce your price and approach supermarket owners to resell for you. Also, advertise to everyone in your neighborhood and encourage them to tell their friends about your product. Preferably, offer them a commission in return. That will motivate them to refer their friends.
Furthermore, take advantage of online stores like Jumia, Konga, Etsy, etc. Create an account with these platforms and reach your audience through them. One important thing to note is that the quality of your soap will either draw prospective customers or send them away. Therefore, take time to produce quality soap and ensure it’s not watery.
Other ways to market your liquid soap include:
* Create social media presence (Facebook, Instagram, Twitter, Pinterest, etc.).
* Give freebies to prospective customers.
* Connect with intending couples and event planners to suggest your product to them as gift items.
* Place an advert on local newspapers.
* Share handbills and flyers.
* Reach out to hotels and restaurants for supplies.
Materials Needed for Liquid Soap Production.
As a liquid soap producer, below are some of the materials you should have handy:
* Measuring cup(s).
* Bowls.
* Tablespoons.
* Hand gloves.
* Containers.
* Labels.
* Ingredients.
* Stirring rods.
* Nose masks.
Conclusion.
Liquid soap production requires care, dedication, seriousness and continuity. You cannot continuing keeping your customers starved of your liquid soap products. If and when that happens, they would definitely seek out other suppliers. Before you know it, you are put of business. Liquid soap production business is a business that requires that you are always on top of your game; no excuses. Liquid soap production is a lucrative business and does not require you do too much. As long as you abide by the commandments of liquid soap production, you will definitely make fortunes before long. With little capital, you can start a liquid soap production business. It does not require much capital or even labor. It requires mostly the focus and dedication of the originator of the business.
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BUSINESS
Adamawa Mortgage Bank Faces ₦10 Billion Lawsuit for Alleged Contract Breach with Wisdom Kwati Smart City
Wisdom Kwati Smart City Ltd, a prominent property development firm based in Abuja, has launched a lawsuit against Adamawa Mortgage Bank Ltd, seeking ₦10 billion in damages. The legal action follows a breach in a joint venture agreement between the two parties for a 20.5-hectare property development in Sangere Village, Yola South, Adamawa State.
The joint venture was established to transform the Sangere property into a large-scale residential development, with work already underway and over 3.5 billion invested in the construction of over 200 housing units and on the estate’s infrastructures. However, tensions arose when Adamawa Mortgage Bank publicly withdrew from the agreement, and without appropriate notice or engagement with the firm, released a statement on The Cable newspaper on November 9, 2024. In its announcement, the bank warned prospective buyers, stating:
“This is to inform the general public that Adamawa Mortgage Bank Ltd is not selling its land at Sangere-Wisdom Kwati Smart City. Anyone buying land at the property does so at his own risk. Take further notice that the bank has withdrawn from the joint venture agreement with Wisdom Kwati Smart City. Thank you. Signed Management.”
Following this statement, Wisdom Kwati Smart City Ltd, led by Chairman Mr. Wisdom Kwati, filed for both an interlocutory and interim injunction. The lawsuit names both Adamawa Mortgage Bank Ltd and its Managing Director, Dr. Noris Giscard Stanley, as defendants, alleging breach of contract and reputational harm caused by the bank’s public renouncement.
On November 14, 2024, the High Court of Justice of Adamawa State issued an interim injunction, temporarily restraining the mortgage bank from further actions related to the property until a resolution is reached. The court has ordered the defendants to respond to the claims and appear before the court within 30 days of receiving the summons.
The implications of the contract dispute are significant, given the current stage of the project. According to representatives of Wisdom Kwati Smart City Ltd, the company has invested over ₦3.5 billion in construction and developmental costs on over 200 buildings currently under construction at the site, of which over 50 units are at the finishing level of construction, and infrastructural development that are well into the third phase of the company’s five-phase development plan.
Industry observers suggest that a swift resolution of the dispute would be in the best interests of both parties and their investors, who rely on the stability of the joint venture to secure their investments. The project, originally designed to develop 317 mixed housing units, is already well past its midpoint, making it highly unreasonable for a partner to withdraw at this stage.
Wisdom Kwati Smart City Ltd has expressed a commitment to seeing the project through to completion and ensuring that stakeholders are kept informed of any significant developments in the case. Despite the legal steps taken, the real estate company has reportedly made several attempts to resolve the matter through dialogue, but the bank has reportedly not been forthcoming.
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Afreximbank Acts as Joint Lead Manager on Ecobank Transnational Incorporated’s USD 400mn Senior Unsecured Note Issuance
The proceeds of the note will fund general corporate purposes of the issuer, including refinancing of a USD350 million senior bridge-to-bond loan facility that was jointly coordinated by Afreximbank in March 2024.
African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) is pleased to announce that it has successfully acted as Joint Lead Manager and Bookrunner on a USD 400 million 10.125% Rule 144a/RegS senior unsecured note issuance by Ecobank Transnational Incorporated (“ETI”) due in October 2029.
The proceeds of the note will fund general corporate purposes of the issuer, including refinancing of a USD350 million senior bridge-to-bond loan facility that was jointly coordinated by Afreximbank in March 2024.
The note issuance achieved peak orderbook oversubscription of 2.1x, backed by more than 70 high-quality and diverse investors comprising development finance institutions, asset managers, commercial banks and insurance companies from Africa, the UK, USA, Europe and the Middle East.
Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, commenting on the transaction, said: “We are pleased to have supported Ecobank Transnational Incorporated (“ETI”) in placing the first public Eurobond issuance by any Sub-Saharan African financial institution since 2021, following our bridge financing support earlier in the year. This transaction underscores Afreximbank’s capacity and readiness to structure innovative market access solutions for our pan-African banking partners.”
Afreximbank’s Advisory and Capital Markets (ACMA) department acted as Joint Lead Manager and Bookrunner on the issuance, working alongside international and African partners.
Distributed by APO Group on behalf of Afreximbank.
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BUSINESS
Japan: African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund
Japan: African Development Bank Celebrates Three Decades of Japan-Backed Trust Fund
Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024
The African Development Bank Group (www.AfDB.org) has celebrated the 30th anniversary of the Policy and Human Resource Development Grant (PHRDG), a bilateral trust fund created by Japan in 1994.The initiative has contributed significantly to the development of Africa’s human capital, supporting over 100 transformational projects across various sectors.
Presenting a commemorative publication on the trust fund at the Ministry of Finance in Tokyo on Wednesday, 16 October, Dr Akinwumi Adesina Adesina, African Development Bank Group President said the publication highlights three decades of successful collaboration and the impactful projects funded by the Policy and Human Resource Development Grant, as well as the critical role the grant has played in Africa’s socioeconomic development.
Over the past three decades, Japan has contributed JPY 5.3 billion ($ 37.4 million) to the PHRDG, supporting 107 projects, with 96 completed and 11 ongoing as of September 2024. In recent years, the trust fund has seen a notable increase in contributions, underscoring Japan’s renewed commitment to fostering a climate-smart, resilient, inclusive, and integrated Africa.
Japan’s Vice Minister of Finance for International Affairs, Atsushi Mimura, said he was pleased the country’s partnership with the African Development Bank Group was going well. He pledged continued support, particularly for the African Development Fund, the private sector, and Japanese and African start-ups
“We look forward to deepening Japan’s relationship with the African Development Bank,” he said.
Mimura described the African Development Bank Group’s partnership with the World Bank’s plan to bring electricity to 300 million Africans (Mission 300) as a powerful narrative that draws attention to the continent’s energy needs.
Adesina commended Japan for its strong support of the African Dev?
elopment Fund, noting that the Fund has delivered impressive results. He sought the country’s support on a wide range of issues, including the 17th general replenishment of the African Development Fund, Mission 300 (http://apo-opa.co/3YcTfy2), Special Drawing Rights, the private sector, and start-ups, among others.
“We thank the people of Japan for standing in solidarity with the people of Africa,” Adesina said.
Since its establishment, the PHRDG has been a vehicle for Japan to share its expertise and experience in human resource development, empowering Africans to lead the transformation of their societies and economies. The grant has supported a wide range of projects aligned with Japan and the African Development Bank Group’s shared objective of human capital development. Officials said the projects have laid the groundwork for accelerated economic growth in Africa.
In a foreword to the Policy and Human Resource Development Grant at 30 publication, Deputy Vice Minister of Finance for International Affairs Daiho Fujii, expressed Japan’s pride in celebrating the 30th anniversary of the PHRDG.
“Japan is leading the international community’s efforts to overcome global challenges, particularly those affecting vulnerable populations. Through the PHRDG, we provide technical cooperation to develop the human resources that will drive Africa’s socioeconomic transformation. Our partnership with the African Development Bank Group is key to realizing a more resilient and prosperous Africa.”
As the Policy and Human Resource Development Grant enters its fourth decade, the African Development Bank Group and Japan have expressed eagerness to expand their partnership. With six new projects in the 2024–2025 pipeline, including initiatives in higher education, debt management, and climate-smart agriculture, the trust fund remains a critical tool for delivering impact across Africa, officials said.
Both parties pledged to continue to work hand in hand to unlock the potential of Africa’s human capital, fostering innovation and economic development for generations to come.
Japan–Africa Dream Scholarship Program: Investing in the Future
Among the most impactful PHRDG-funded initiatives is the Japan-Africa Dream Scholarship Program (JADS), launched in 2017. This program aims to develop Africa’s human capital by offering scholarships to high-achieving African students for master’s studies in fields such as agriculture, development economics, energy, and public health. To date, the program has awarded scholarships to 23 students from 10 African countries, two-thirds of whom are women.
Graduates of the JADS program have gone on to make significant contributions to their home countries. Alumni include Mary Yeboah Asantewaa from Ghana, who now works at SORA Technology in Accra, leveraging drone technology to control infectious diseases, and Glory Sibale from Malawi, who joined Tokyo’s Taiyo-Yuka recycling company, focusing on sustainable agricultural project management.
As part of his mission to Japan, Adesina also met with Nobumitsu Hayashi, the Governor of the Japan Bank for International Cooperation, to expand collaboration in key areas, including agriculture, healthcare, energy access, support for youth entrepreneurs, critical minerals, and regional corridors.
Later Wednesday, Adesina met with the leadership of the Association of African Economic and Development Japan, where both parties discussed potential collaborations for impactful projects. He continued with meetings with Kanetsugu Mike, Chairman of Mitsubishi UFJ Financial Group, and Ken Shibuya, Co-Chairman of the Global South Africa Committee of Keizai Doyukai (Japan Association of Corporate Executives).
The African Development Bank president invited business leaders to the 2024 Africa Investment Forum to be held in Rabat in December. Adesina also hosted representatives of the African diplomatic corps, development partners, and the private and public sectors, where they discussed leveraging co-creative relationships with Japanese companies and institutions.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
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