Best Ideas 2018 features all the nominated entries submitted to the Youth Citizen Entrepreneurship Competition under ‘Submit your Idea’ category. All the entries consist of innovative solution or proposition for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage. If you want to know the 10 finalists in this category, click HERE
Explain your idea in details:
An estimated 2.6 billion people live on less than $2 a day. Poverty is typically regarded as a rural problem. The poorest countries are predominantly agrarian and 75% of the worlds poor live in rural areas and largely dependent on agriculture either for subsistence or for sale. As many of the worlds poor live in areas with limited state service provision they must rely on private markets for their livelihoods. But these markets are often difficult or costly to access for poor people. These markets may be informal, uncompetitive and may not meet the needs of the poor. The idea of Market 4 Poor is getting and linking an organized readily available market to the poor farmers. Research has shown that a larger chunk of the poor farmers produce are lost due to lack of readily available market to sell to. For this to happen, effective coordination mechanisms need to be developed to manage the interface between these two worlds small-scale/traditional poor farmers and large-scale/sophisticated market outfits, this will help to reduce the transaction costs of dealing with several small-scale players and increase bargaining power for the poor. Coordination is also necessary, for example in relation to buying inputs, selling products, accessing knowledge and information, complying with standards and negotiating over market rules. All of these approaches see a market-based economic engagement with the poor as essential for sustainable development. More accessible and competitive markets enable poor people to find their own way out of poverty by providing more real choices and opportunities. Markets that function well have wider economic benefits too.
Expected impact of your idea on sustainable development
Market4poor is focusing on the effective development of market around poor people. To change the lives of the poor stimulating growth and expanding access means changing the market systems around them. The key to higher incomes is better markets for agriculture inputs and outputs. Limited access to effective marketing channels makes it hard to push for productive change. And without improvement in this respect, farmers childrens vulnerability remains high, while their opportunity for survival is low. Market4poor has as targets the poor agrarian farmers who are domiciled in the rural areas, the idea is to coordinate this set of people into effective and efficient farmers organization that will be organic in selection and homogeneous in production. This will improve the group in the following ways: Growth: Economic growth is the single biggest contributor to poverty reduction. Regions that have experienced the highest growth rates have seen the highest falls in poverty. Growth can generate a virtuous circle of opportunity and prosperity. Information/Extension services: Agriculture is intensive but farmers have little access to information about good practices, improved seeds and other inputs. Consequently productivity is low despite the hard work put into production process. In contrast, Market4poor focus on better service by networks of input suppliers who provide information and advice as well as new seeds, implements to reduce farm drudgery and fertiliser hence productivity is enhanced. Access Poor peoples access to a range of basic services such as education, health and sanitation also has a strong influence on poverty reduction. Consumption of these services is related closely to economic growth. As incomes rise, individuals and societies often choose to use this new freedom to invest in services as education, health and telecommunications. Market4poor approach ensures that market links is readily available and transcends period of intervention
Plans for implementation and sustainability
This programme is bid to be an intervention and we expect to have a sustainability plan put in place to make it successful. The business model is such that it is self sponsored by the farmers organization. I hope to start from a state, and from the state, 2 local government area are chosen and from this local governments, 5 farmer organization is chosen from each LGA to give a total of 10 farmer cooperative group. This will be a pilot phase to test the idea while subsequently the groups will move and form other groups as a sustainability plan to make the idea work. The group structure will be built by the assistance of the ministry of cooperative in the Agricultural Development Programme and this will be a mentor for the association for 3 months while subsequently the group pay for the services of the mentors if there is need for extension beyond 3 months. The groups will be homogeneous in trades/production but can be heterogeneous in membership but more importantly selection must be organic Markets will be sought depending on the farmer organization and they are linked to the groups based on their production. Financing sources will be done through the contributory scheme that the farmer groups will be trained on; also the large scale processors will also put a chunk of their profits for training and building the group structure. A percentage of the premium on the farmers produce sold out to the processor will also be a financial source. Our collaborators are staffs of the ministry of commerce and cooperatives in the state involved, large scale processors, micro-finance banks.
Personal Data Date of Birth: 24th April, 1984 Nationality: Nigerian State of Origin: Edo L.G.A.: Orhionmwon Sex: Male Marital Status: Married Motivation: To be an asset to my employer by making excellence, innovation and integrity the prominent priorities of my work and activities, whether I am called upon to function independently or as part of a team. Areas of Competence include Communication, budget preparation, Report writing. Planning, Organizing, and coordinating. Analytical/ Problem solving. Motivation and team spirit, ability to provide solutions within set deadline. Good Facilitation skills and experience handling ToTs Professional Training and Workshops attended: Training on use of GALS Tools to engender gender balance and policy structure among people Training on Farmers Organisation, Cooperatives, Account Management and Record keeping by SOCODEVI Nigeria Training on Internal Control System Management and developing Internal Standards organized by Solidaridad Nigeria Awards: 2015 African Entrepreneur Award winner under the Tony Elumelu Entrepreneurship Programme (TEEP) 2015 Award winner of Young African Leaders Initiative (YALI) organized training programme in Lagos Best Field supervisor for the Year 2012 under the Continaf- FADU project ANAMBRA State Honors Award for active effort in Community Development Project/ NYSC- HIVAIDS Peer Educator Volunteers Course