MSME HUB 500

20/10/2024

🌾 Join Us for the Biggest Agriculture Expo in the history of Nigeria! 🌾

We're excited to invite you to the Osun State Food Security Summit 1.0, taking place from November 10 to 16, 2024, in Osogbo, Osun State.

This summit will bring together stakeholders, exhibitors, vendors, and sponsors from across Nigeria and beyond to address the future of food security and agriculture innovation. It’s a unique opportunity to network, showcase your products, and explore new opportunities in the agricultural value chain.

And that's not all – enjoy a cultural excursion, boat cruise, and a grand party! https://youtu.be/Q9BL1IdHrMg

🌍 Register today as a participant, exhibitor, vendor, or sponsor at www.osunvision2035.ng or call us at +2348032146803 or +2348181054706

Let’s make history together. Don’t miss out! 🚜🌱

Tony Elumelu

Food and Agriculture Organization of the United Nations (FAO) World Food Programme Gates Foundation African Development Bank Group Osun State Government World Bank
The Tony Elumelu Foundation Nigeria Agribusiness Group

Discover the transformative vision behind Osun Vision 2035 and how we plan to Make Osun Great For All About the Initiative Osun Vision 2035 Initiative is a bold initiative driven by Bolaji Jegede, an Entrepreneur, Philanthropist, Global Consultant, and Nation Builder. The vision, known as Make Osun....

19/10/2024

🌟 "Spotlight on Success: My Journey and Impact Featured on Western Spring Television"🌟

I am thrilled to share with you a special feature on Western Spring Television (WSTV) Osogbo, where my businesses—Eternity Stone Group, Pabio Stone Group, and Pabio Stone Foundation—were spotlighted on their flagship program, Saturday Spring Delight.

The 4.14-minute segment highlights our journey, successes, and how we are shaping a better future. Watch the feature and see how we’re making strides not just in Osun State but on the global stage!

📺 Catch the feature here: https://youtu.be/FAk_AtMps98

Let’s keep pushing the boundaries together! 💪🏽✨

🌟 "Spotlight on Success: My Journey and Impact Featured on Western Spring Television"🌟I am thrilled to share with you a special feature on Western Spring T...

26/06/2024

*The Importance of Following Your Own Path* By Bolaji Jegede

Be cautious when allowing the counsel of others to determine your life decisions. Not everyone is qualified to advise you. Age does not necessarily equate to wisdom.

Critically evaluate the people giving you advice. My sincere advice is to avoid taking advice from those who haven't experienced what you're going through. Often, such advice is inaccurate or outright wrong, sometimes given innocently, other times arrogantly.

Had I followed the advice of some close friends and family, my life would have been ordinary. From a young age, I dreamed of being a great entrepreneur and global leader. My parents, siblings, and friends advised me to secure a good job and live a comfortable life (This was not a bad proposition. They meant well), but something inside me disagreed. I knew my soul wanted more. I felt destined to carry the weight of many people's futures, even a nation's.

I relentlessly pursued my entrepreneurial ambitions. At the University of Lagos, I ran five businesses on campus: two printing and photocopy centers, a programming institute, a Forex trading outfit, a dealership for mosquito repellant, and an audio-book distributorship. I graduated with first-class honors in Chemical Engineering and was named Entrepreneur of the Year. Campus entrepreneurship was fun and free of major issues.

I earned a scholarship to Cambridge University for a Master's in Advanced Chemical Engineering. However, my entrepreneurial spirit led me to start my first limited liability company, Pabio Stone Ventures, in 2010 and an oil service company in Ghana, Pabio Stone Energy Services, in 2011. The real world, however, was much tougher. Within a year and four months, I lost all my money in Ghana. I returned to Nigeria broke and faced backlash from family and friends.

I took a low-paying job in the oil and gas industry in 2012, learning the ropes and performing multiple roles. After two years, I realized my earlier entrepreneurial efforts in Ghana were destined to fail due to my lack of industry experience. While my classmates earned significantly more (1.2 million Naira/month at the time) in international companies, I earned just 180,000 Naira/month. Some friends distanced themselves, and I second-guessed my decisions.

By 2014, I felt restless again. I resigned and restarted Pabio Stone Ventures. Facing numerous challenges, including being defrauded of most of my savings, I struggled with depression but held onto my faith in Jesus Christ. Despite setbacks, I continued to pursue different business ventures, convinced of my great destiny.

Today, in 2024, I am the CEO of Pabio Stone Group and Eternity Stone Group. Over 20 multinational companies have partnered with us for the Nigerian and African markets. I consult for the government and hold meetings with CEOs of global companies. My foundation, Pabio Stone Foundation, has touched thousands of lives in Nigeria.

At 40 years old, I can confidently say the world is ours for the taking. There are more heights to climb. I owe my achievements to my wife, who stood by me through difficult times, and above all, to Jesus Christ, who has guided and blessed me. My journey proves that everyone can think a particular path can lead to chaos but the destiny of a person who follows God will be fulfilled.

Thank you, Jesus.

Best regards,
Bolaji Jegede
CEO, Eternity Stone Group
CEO, Pabio Stone Group
Founder, Pabio Stone Foundation
[email protected]
[email protected]
https://eternitystonegroup.com/

05/10/2021

*Tax and business Matters*

Please note the following if you're a business owner or you're planning to become one:

1. If you have registered a limited liability company with the Corporate Affairs Commission and you have opened a bank account in your company name, *don't use the account for personal transactions*, if you do, you run the risk of having tax issues with the FIRS.

2. When FIRS discovers such bank account (with BVN, it's very easy for them), they will ask you to account for the money. They will ask you to present different kinds of accounts such as Audited Financials, Management Account, Cashbook, etc. You will be expected to show evidence of your VAT and WHT payments as well.

3. If you claim your company is not doing any business yet, they will not believe you because there are transactions in the company's bank account. So they will assume all the inflows into your bank account are transaction proceeds and they shall compute VAT at 7.5% on the sum total.

4. So I advise you, if you have a company registered and you have not started doing any business with it, do not open a bank account in that company's name and if you have opened an account, do not transact with it. Transact personal businesses with your personal bank accounts. That way, you only have PAYE to worry about with your state internal revenue service.

5. If you have registered a limited liability company and you have not started business, ensure you file *Zero Returns* with the FIRS.

6. If your business turnover/sales fall below the N25million threshold, you are not expected to file for or pay VAT and company income tax.

7. If your business turnover/sales fall between the N25million - N100 million threshold, you are expected to file and pay VAT and company income tax at the rate of 20%.

8.If your business turnover/sales is above the N100 million threshold, you are expected to file and pay VAT and company income tax at the rate of 30%

9. If you want a Business name for whatever reason, instead of registering a company, why not start with a *Business Name*? You can have your corporate bank account but you will not have to file returns to the FIRS. You will only remit VAT, and WHT on Invoices from limited companies, any other tax (basically PAYE and WHT on Invoices from non-limited enterprises) will just be with your state IRS.

7. Finally, do not transact personal business with your corporate bank accounts.
An aunt wants to send you to buy a car. Do not receive it through your corporate account, receive it into your personal account.
You want to start that small business? Register a business name and not a limited liability company.

*Save yourself from avoidable tax issues in the future!*

Educate your People.

Credit : Facebook |Bamgboye Adeniyi Emmanuel

29/09/2021

Mistakes to avoid as an MSME. See which of this resonate with you and try to make needed changes.

13/09/2021

For your Affordable and Quality Hand Crafted Bags, Purse, and Slippers

Contact *Ankarasmith Creations*

Phone No: 08130151141 & 08037836768

Delivery is Nationwide

View Gallery here

https://wa.me/c/2348130151141

18/08/2021

If you need Nafdac Approved, healthy Palm Oil, then Buy Blossom Palm Oil.

Available in Stores around Nigeria. Distributors needed Nation wide.

04/08/2021

Do you want to buy a genuine plot of land or properties in Lagos?

Then is your real estate plug. Call them today. See flyer for details

26/07/2021

If you are in Akure, Please visit Lorritha's Cafe for your tasty IGBO cuisine. They are ready to tantalize you with great dishes.

25/06/2021

A great first step to running a successful enterprise in Nigeria is to register your Business with the CAC (Corporate Affairs Commission)

Pabio Stone in partnership with now offers this service at an affordable price and in record time.

Contact us today and get your business running legally.

Business Name/Sole Proprietorship
Limited Liability Company
Incorporated Trustee/NGO

Contact us now. 08032146803, 08181054706

12/06/2021

Components of a Business Plan

07/06/2021

The is an opportunity for you to get funding for your business.

Explore it now.