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POS Outlets: Aid Banking Transactions for Communities in the FCT

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Point of sale (POS) business also known as agent banking, is one of the retail channels, where several commercial banks make banking services get to a large number of people. However, the emergence of POS business has become a means of easy access to financial inclusion among residents in the FCT.

Some owners and users of POS said that the business was beneficial.
Mr Obichukwu Emeka,  a resident in Kubwa, stated that the POS business helped to save time during emergencies.
” Anytime I am in need of money urgently and probably, its impossible for me to go to the bank or an Automated Teller Machine (ATM) to withdraw.” I will just go to a nearby POS outlet and do what I want to do,” he said.
Emeka also stated that the POS business was favourable to the elderly and uneducated people more because it’s stress free and was easy to operate. According to him, some elderly people do not like the long process of using too much buttons like the ATM. “While the uneducated people, who go to the banks to withdraw might spend the whole day trying to understand how to access the ATM.” Sometimes, I always see them asking for help from one person or the other but when it comes to the POS it makes the transaction easier,” he said. Miss Ajayi Boluwatife, a sales representative, said it saves her transport fare since there are no banks close to where she stays. “When I calculate the amount of money I will spend for transport to the bank, I just don’t bother but locate a nearby POS stand and withdraw my money,” she did. Mr Marvis Ugwu, a POS operator, said that the conventional banks close by 4 p.m but the POS outlets usually operate at odd hours. According to him, some POS outlets open very early and close late and render a lot more services like payment of bills, making it highly reliable. Mrs Esther Babalola, a foodstuff seller, who also owns a POS business,  said that she ventured into the business to get additional income. “Aside from my foodstuff business, I decided to start the POS business because of the high return on investment.” The business has helped me support my family especiallly when we have any financial difficulty,” she said. Babalola also added that she makes not less than N3000 on a good day from charges for the various services. Another POS operator, Mr Emmanuel Opeyemi, said that the business has helped his family by boosting their income. “I started this POS business as a side hustle because of how easy it is to start and operate.” If you look around, a lot of people are venturing into the business daily which shows it is profitable,” he said. He also added that the business could  be described as passive because he doesn’t have to be present to make money.. “While workers are working for me, I have the time to attend to other things,” he said. Opeyemi, however, said that POS business was lucrative especially for young adults, who are unemployed. “Currently I have three people I pay N15,000 every month, they are young and have nothing to do. Instead of roaming around, the business fetches them money reducing the rate of unemployed youths in the country,” he said. He also stated that he charges N150 for N10,000 to N15,000 withdrawal transactions and N100 for every N1,000 to N5,000 withdrawal transactions. He also sells airtime, make bill payments for GOTV, DSTV, Startimes, electricity, and other utility bills in addition to the deposits and withdrawals of money with the POS. Opeyemi also stated that he made between N4,000 and N5,000 daily and about N100,000 and N150,000 monthly. “Every day cannot be the same, if I make N4,000 today, I will make N5,000 tomorrow. Therefore the amount of money I make a month is within the range of N100,000 to N150,000, based on the amount of customers I get each day,” he said. (NAN)

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Poultry Farmers Decry High Cost of Feeds, Low Patronage

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Some poultry farmers in Bwari Area Council of the FCT, on Monday in Abuja, decried the incessant rise in the cost of poultry feeds, while also groaning over low patronage in the sale of birds in the market.

The farmers expressed their concerns in separate interviews in Abuja on Monday, while calling on producers and suppliers to consider a reasonable intervention.

One of the farmers, Mrs Joy Felix, said that although poultry farming was a profitable business that involved a lot of capital, it had, however, suffered set backs at the point of sales.

“You spend so much in setting up and most importantly the cost of feed hardly comes down once it goes up. Sometimes it suffers artificial scarcity and then a hike in price when it resurfaces.

“Once it is the fourth quarter of the year when a lot of people keep birds for either personal or commercial purposes during the Christmas season, the rush that comes with it gives the producers of these feeds a high advantage to make money and at the end of the day, you spend so much feeding these birds and then buyers bargain for less.

“It is somewhat frustrating. At the end, you may have to sell at a give-away price so you do not loose.”

Felix added that the cost of drugs for the birds was another challenge to the farmers, who are forced to use organic methods to treat diseases in birds.

“We sometimes use medicinal plants like bitter leaves and pawpaw leaves to either treat minor infections or boost their feeding, except when the situation is severe and in dire need of a veterinarian,” she said.

She urged various farmers’ associations, as well as other stakeholders to intervene and assist in finding a lasting solution to the challenges, with the hope to ease the plight of the farmers.

Similarly, Mr Ayo Bamidele, another poultry farmer, said that the cost of chicken feeds is so high, ranging from N10,000 to N14,000 per 50kg bag in the last one month, depending on the brand and location of farm.

According to Bamidele, a lot of farmers find it difficult to sell their birds during the festivities because, there is usually more supply of the birds than demands for it.

He said: “The cost of feeds has made farmers to put high price on the birds yet, buyers do not have that kind of money to buy them.

“Some of us actually made good breeds grow well enough for the price we put but the buyers don’t know this, they have no idea what it takes to feed and make  the birds gain weight.

“Also, with the economic situation, people want to buy but they don’t have the money. It is unfortunate. I wish we all can just help each other make things easy for ourselves.”

He, however, said that he was optimistic that he would make profitable sells against all odds, during and after the yuletide.

Mr Elimah Jacob, a distributor of poultry feeds in Bwari town, said that the high cost of feed was not new but a challenge that usually came with the period of mass poultry farming, especially before December.

He also said that the increase in prices of the feeds was usually from companies that produce the goods, whom, he added, also complained about either scarcity or shortage of raw materials for sufficient production.

Jacob also attributed the challenge to cost of transportation from the suppliers to the distributors, which has risen a great deal.

“We pay for bags of feeds in millions and the transportation, which may be in one or more trailer vehicles, cost a fortune also.

“Most times, you pay in full, yet, it takes several weeks before your supplies arrive because, the demand may be high at that moment and it takes turns to service distributors.

“By the time it finally gets to the point of sale, there is usually a rush for it.”

He noted that the prices, though not constant, may go lower after the Christmas celebration. (NAN)

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UniAbuja Researchers Win N3bn Grant

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The University of Abuja (UniAbuja) says its researchers have won over N3 billion grants in 2023 following their applications to donor agencies for research grants.

The Vice Chancellor, UniAbuja, Prof. Abdul-Rasheed Na’allah, disclosed this on Monday in Abuja during the award ceremony for researchers and authors.

Na’allah said that the 2023 grant of over N3 billion was a significant improvement compared to the N1 billion that was won in 2022.

The vice-chancellor urged those leading in research to share their experiences with others, adding that they should support one another in order to bring in more researchers.

“When you hear information on grant, share it around so more people can participate, this will help the university produce more grant winning researchers.

“There is no world class university if there are no world scholars; we must continue to show this nation that a world class university is achievable and we have achieved it.

“We have made over N3 billion in research grants this year; we are making a mark and we are determined as a university that whatever it will take we must move forward.’’

He said there was need for scholars to invest in research because as they were the things needed to solve the problems facing the nation today.

The vice chancellor urged more scholars to apply for grants.

“What gives you joy as a scholar is research grants you get from outside; you have to keep working on getting a grant until you succeed,’’ he said.

Na’allah called on scholars to think of how to solve the problems of Nigeria such as insecurity, bad leadership among others through their research work.

He said that the university was taking the lead in resolving the problem of leadership, adding that the university would soon establish youth leadership clinic.

He said that this clinic would help to train young people and prepare them to take over the leadership of Nigeria.

The don assured the researchers that the university would not disappoint them as they continue to put the university on the map through this research grant.

He advised authors to ensure that originality was their main focus, adding that they should be innovative and create new words in their works.

Reports that under the researchers’ cadre, seven persons won gold, two silver and 45 bronze while in the authors cadre, eight persons won gold, nine silver and 27 bronze.

Earlier, the Director, UniAbuja Centre for Sponsored Projects (CSP), Prof. Obiageli Nnodu, said the centre was introduced in 2020 by the vice chancellor.

Nnodu, while appreciating the vice chancellor, said that the centre which started small, had grown into something big.

She said the researcher category was bringing extra income, adding that researcher income was adding significantly to the revenue of the university.

One of the awardees, Dr Dike Orji, on behalf of other awardees, appreciated the vice chancellor and the university for their support to all scholars and researchers.

Orji said the recipients would continue to put in their best to see that the university grew in terms of research. (NAN)

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Abuja Residents Express Mixed Feelings over `Fura da Nono’ Consumption

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A cross section of Abuja residents have expressed mixed feelings over the consumption of Fura da Nono.

The residents in separate interviews on Thursday in Abuja, said the unhygienic nature in the preparation of fura da nono put them away from it.

While others are of the views that they don’t mind the preparation process, they enjoy the milk because of its numerous benefits.

Reports says that fura da nono is fermented milk-cereal mix locally.

It is highly nutritious beverage which is a two-in-one product.

Consisting of a cereal, ‘fura’ made from millet and ‘nono’ fermented cow-milk product similar to yoghurt.

Mr Adam Ibrahim, a shop keeper at Area 10, Garki said he takes nono because of it nutritional benefit adding that it was a natural drink.

“ I take nono because it is natural, no preservatives and not refined,’’ he said.

He, however, advised that cleanliness must be the watch word when consuming fura da nono, adding that he buys the product from a clean and a reliable vendor.

“There is a lady that packages fura da nono in containers to sell rather than patronising those who carry it in bowls with flies following around,’’ he said.

Tope Faseun, a cosmetologist at the Nyanya market said that nono is healthy and good to be consumed fresh.

She said that taking nono helps to improve the sperm cells of a male reproductive organ.

Mrs Agada Grace, a roasted plantain and corn seller in Garki, said that   fura da nono  helps to cool her body after staying close to the fire all day.

“Nono is a good drink that refreshes your body after a hard day. For me, the drink helps me to sleep well because it relaxes my body,’’ she said.

Mr Kolade Akin, a cobbler in Garki said that the extraction method, environment and sometimes the unhygienic nature of the persons extracting the milk makes it unhealthy for me.

“The process of extracting nono and also the preparatory method of it, is likely to expose the drink to bacterial and can lead to food burn diseases,’’ he said.

Wale Ridwan, a corps member said that fura da nono irritates him due to the unhygienic method of the extraction and preparation.

“Fura da nono irritates me because of the extraction of the milk and the preparation of the millet which are done manually.

“It is not processed, can be contaminated and can pose a great health challenge to individuals who consume the milk meal and drink,’’ he said.

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