youngscholar:


I had to google to be sure.

Traction.

Product has been consumed but need to move forward.

It's to simplify learning, bringing CBT environment closer to students in a different way.

youngscholar:


I had to google to be sure.

Traction.

Product has been consumed but need to move forward.

It's to simplify learning, bringing CBT environment closer to students in a different way.

Jackbaur88:
you see what Sim Shagaya of Ulesson, that's a clear example of an Edtech.

DissTroyer:


So, how scalable is it? The CBT area seems overly-saturated already. And it's seasonal too somewhat.

Investors are looking at scalability.


I was thinking about a payment and learning platform which connects the academia to funding and resources for research and learning as an EdTech.
Now that's popped into my head, I'd jot it down to work on it.

But there's another FinTech idea I'm already working on.

Gerrard59:


I've gone through NDrip's technology and it's revolutionary. However, unlike Fintech, Agritech needs physical presence in solving their problems. Currently, predominantly agrarian states - Plateau, Benue, Nasarrawa, Southern Kaduna, Taraba, Kogi, Ogun etc., - are plagued with incessant attacks by marauding Fulani Islamic terrorists who ransack farmlands and slaughter people within the area. No investor will want to put the VC's money (which isn't even theirs in the first place) into such unpredictable ventures.

PeaceJoyLove:


[s]Oga, you made me laugh seriously. It's like you dont know the rapid development in Agriculture in Nigeria. Lol. Ndrip is not the first who provided drip. It is called drip irrigation system and I know the person who made it. If you want to buy drip in Nigeria, there are sellers. Do you hear me? And many other stuff used in Agric. If you want to be lectured and trained, I can. Lol.

Even there are guys using drones now. There are apps usef for detecting diseases. I know these people doing these things, and I know a lot sir.

But my point is this, use everything and anytning....the only place Agric makes sense is in the north. They are loyal. Will the tech guys be the ones to farm? Nope. But they always run into troubles dealing with farmers in south. They can still work with northern guys, but you know the political situation of the country at this moment. And if you look at all these tech founders, they are mostly southerners.

If you know you have faithful people, I can personally show you and teach you how to go about tomatoes, cucumbers, maize, and some other greens. And I will show you the market. I write a business plan also.

See, with tomatoes only, if you do it well with tech on 20 acres of land, do you know how much you can make? I am sound in it. Crates of tomatoes in major markets in Lagos (you will go there yourself and confirm...na open market and sell...no one will use magomago for you) is N10k. A good consultant or farmer knows when the prices are low and high. Average high price is N15k per crate. And if you use tech and manage it well, you willl 1,000 - 1600 crates per acre in 5 months plant cycle. A N10k, do you know what that is? Then, multiply that by 20 acres and see. Of course sales will run to 200million naira plus. Now, the question is that can you raise investment of N50 to N100 million naira to get started? And most of these agritech compromises. Let me not go into the details. Even individuals who have nice cash are doing it in the south. You must just know the problems and tackle them. That's all. And the most important issue is that you dont put anyone apart from yourself in charge. If you rely on any farm manager, you are in soup. Or you think you can sit down at home and send cash, you are playing with fire.

Tech or no tech, the first thing is proper monitoring and management. If I am going to farm, I put aside every other activities and focus only on it. I know that 5 months are for it. I fo us. I make my cash, and I go rest or travel abroad. Shikena!

angelfallz:
[s]Mr man, please read what I typed to understand it.

The reason why I cancelled out everything you typed is because of the bolded.

That mentality would continue to make we southerners slaves to the northerners!


[/s]

Acidosis:


That's why the sector needs to be regulated. No fintech should be allowed to boycott the necessary financial regulations. More importantly, the public needs serious enlightenment. Many can't differentiate between Prospa or Piggyvest and MMM.

angelfallz:
how many Fintechs would nigeria have biko nu?

We need more agricultural technology (Agritech)

And it is mostly Southerners that are rushing into this fintech of a thing and ignoring agriculture. Yet we the same southerners start frothing at the mouth when the north decide to ban the sale of food items to the south.

Fintech companies in Nigeria by Nigerians
Paystack
Flutterwave
Piggyvest
eTransact
Interswitch
Remita
Paga
Kuda bank
Cellulant
Abeg
And many more

Agritech companies in Nigeria by Nigerians

Farmcrowdy
Groupfarma
Farmkart
Thrive Agric
Ezfarming
Payfarmer

It is good there are some agritech in Nigeria by Nigerians. But it obvious with the agricultural products we import that we need more agritech to boost our agricultural sector and achieve food sufficiency and security in our country.
If people are hungry no development can take place.

angelfallz:
how many Fintechs would nigeria have biko nu?

We need more agricultural technology (Agritech)

And it is mostly Southerners that are rushing into this fintech of a thing and ignoring agriculture. Yet we the same southerners start frothing at the mouth when the north decide to ban the sale of food items to the south.

Fintech companies in Nigeria by Nigerians
Paystack
Flutterwave
Piggyvest
eTransact
Interswitch
Remita
Paga
Kuda bank
Cellulant
Abeg
And many more

Agritech companies in Nigeria by Nigerians

Farmcrowdy
Groupfarma
Farmkart
Thrive Agric
Ezfarming
Payfarmer

It is good there are some agritech in Nigeria by Nigerians. But it obvious with the agricultural products we import that we need more agritech to boost our agricultural sector and achieve food sufficiency and security in our country.
If people are hungry no development can take place.

omohayek:

1. What's stopping you from starting your own agritech company, since you believe there is a clear need there just waiting to be filled. Don't you want to get rich? Or is it that you lack the skills, and are simply ranting about things you know nothing about?

2. Your general argument makes absolutely no sense: it's like telling somebody to drop out of medical school to grow his own yams and rice on a subsistence plot, all in the name of "self-sufficiency". Nigeria is poor precisely because of your "self sufficiency" mindset, which leads its politicians to waste money on white elephant projects and braindead "empowerment" schemes that never lead anywhere, when they could have been concentrating on encouraging (or at least, getting out of the way of) the areas in which Nigeria has a genuine comparative advantage. "Self sufficiency" is the slogan of choice amongst those who are totally clueless about even the basics of economics, yet want to sound as if they're intelligent.

omohayek:

Yes, let's cripple the few Nigerians actually trying to do something new and interesting, by weighing them down with pointless, illogical regulations! Who needs FDI or a booming technology sector, right? The "crabs in a bucket" mentality is clearly flourishing in Nigeria.

PeaceJoyLove:
One day, we will sha open eyes to other areas. Fintech fintech fintech.....until 9jas knock it down, we wont look into other tech areas. One person succeeds in an area, everyone does it.

Winnerrrr:


I was actually looking for your comment on this thread.

PeaceJoyLove:
Really? Lol

Winnerrrr:

yeah, I'm following your thread in programming section.

Big ups

Jackbaur88:
my brother online research is good, but most of the time, when you get down to real practice, you will see the difference. Any idea you just have on paper that you not put into practice is not yet an idea

PeaceJoyLove:

To survive in Nigeria, one must understand the grassroot and fundamentals issues. This is why many fail in Nigeria. I am still saying it, the treasures in Nigeria is so huge. But the only thing is that the system does nog allow the right people to take charge. When the right people take charge, things will fall rightly in their right locations. When forum was reigning, everyone opened NL kind and they crashed. LindaIkeji hit it, and everyone suddenly dived into gossiping and blogging. Lol... Now, it is fintech. EFCC is chasing them here and there, and some guys who dont understand the Nigerian fundamentals start saying nothing else is in Nigeria. I understand them, and I am also frustrated. In fact, I almost left Nigeria two months ago finally. But I gave myself a nice talk again and again. Yes, I will leave soon, but I must be able to still continue what I have started. I cannot abandon Nigeria. Never and Never. It is why some of us are still here contributing our quota.

I am even thinking of launching a website very soon where I can advise people. More and more people are beginning to ask me more questions daily. I know we will make it soon by the grace of God.

Winnerrrr:


I believe in what you said about knowing the fundamentals and grassroots issues before starting out.

Nigeria is really a different and unique market, I'm really trying to understand the dynamics but it seems hard to decipher.

Personally, I have interest in the social media space here in Nigeria, I still think we can come up with an indigenous social network focusing on a subset and scale gradually, I might be wrong though.

What are your views on that?

youngscholar:
Nice.

It will be better if Edtech startup gets similar funding because I also have one that needs funding.

Nice anyways.

PeaceJoyLove:

Hmmm!
Could you explain what you mean by subset and scale?

Franzinni:
How do they get this investors biko ... I have tech ideas but don't know how to get the ears of those that can invest ... I am very ignorant when it comes to things like that but I know who ask question no dey loss

Abeg anybody

Parcks:
There are some venture firms in Nigeria that you can submit your pitch deck to.

Check out Microtraction, founded by Yele Badamosi, (founder of Bundle Africa). You can also send to Future Africa, founded by Iyin Aboyeji, (co-founder of Andela and Flutterwave).

And if you are in Lagos, check out the site of Lagos Innovates.

Winnerrrr:


By subset I mean targeting a group of people, tribes, universities, graduates, working class, singles, in no particular order, getting the subset onboard and using their feedback to develop the app, that's whole lot of work.

I've studied different models that deals with a marketplace and users and I found out that that's what they did when they were starting out.

dribbble: they targeted designers and web designers and when they gain ground, they open it up for recruiters to hire from their designers, earning a commission out of it.

AirBnb: they targeted Craigslist's house listing and convince the listers to re-list on their website, they were even sued by Craigslist for the act.

Quora: they started out with their employees, the founder paid them to answer questions and ask, they even created many fake users just to show interactivity on the site.

Fiverr: they started out selling services for $5 only, targeting buyers with low budget and sellers that are just starting out which a fair level ground in my opinion, and in turn it attracted a lot of buyers because of the obvious cheap price and later they scale up by allowing sellers to charge as high as $1k per gig

I really think targeting a subset is way better because one can apply the lean start up rule and scale up comfortably maybe without even seeking funds of any sort from VCs.

PeaceJoyLove:

Yes! Exactly! Facebook started with Stanford University students. Exactly my idea about social media platform in Nigeria too. But you know you want to compete with facebook, Twitter and Instagram. Also, NL is a competitor. The best way to do it is this: Try to look at AirBnb again. How can you give Nairaland users better service. Honestly, someone like me will port without thinking to your site if you can give me what NL cant. And I dont mind giving out good content back to back almost everytime.

But what I wrote above is just to encourage you. Maybe you have another idea as you want to implement your strategy, but that's how to go about it. Trust me, it is.

However, make sure you do not register your business or anything in Nigeria; else, you can be crushed anytime.

Winnerrrr:


I'm really have a nice time reading your replies sir so encouraging.

I'm presently building a prototype, I'll send you a demo to play with probably by the month end.

Also, I don't really think I'll have problem competing with the big techs, I don't bother with that, they're ahead already, Facebook is launching metaverse pure VR stuffs, if you look at the whole social space thing, it all boils down to interest and value a user is getting from each platform.

I mean, I have Facebook, Twitter, Snap chat and Instagram accounts but I still log in to NL to catch up with your thread and other topics I follow here.

In your words, start small and keep your eyes on the big picture.

angelfallz:
You are right about the security of some states. But the states you mentioned apart from Ogun are all northern states. In my first comment on this thread, I lamented that southerners are jumping on the fintech bandwagon and ignoring agriculture(agritech).
That is wrong!

Another thing again that is wrong is how you framed your statement, "predominantly agrarian states - Plateau, Benue, Nasarrawa, Southern Kaduna, Taraba, Kogi, Ogun "

From that statement, are you trying to say that southern states don't have the capacity for agriculture?

Even if that was not your intention, the manner in which you framed it continues to feed into southern youths' mindset that agriculture is something for the north only, that agriculture is something for only illiterates and villagers.

That is wrong!

youngscholar:



That's one of its features. I can't spill out the others.

You can't expect me to say all what it is about here.

By the way, saturated or not, it's done in a unique way and the idea is not limited to CBT.

Good it popped into you head.

Thank God I didn't spill out all those main features out.

angelfallz:
1. i am not yet at that point where I can do that.
2. So, after reading my comment you came to that conclusion? Your reading comprehension must be very low.