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Unlocking Profit with Point-of-Sale (POS) Business: A Lucrative Venture with Low Investment.
Unlocking Profit with Point-of-Sale (POS) Business: A Lucrative Venture with Low Investment.
By Prince (Dr.) P. K. Bibaikefie,
In today’s economic landscape, the allure of entrepreneurship beckons many, but the hurdle of significant capital often stands in the way. However, there exists a beacon of hope in the form of the Point-of-Sale (POS) business – a venture that promises quick returns with minimal investment. With just a shade-providing umbrella, a POS machine, and a strategic location, individuals can dive into this realm of commerce with as little as 100,000 Naira, subsequently growing their enterprise over time.
The premise is simple yet profound: integrate a POS service into existing establishments or set up standalone operations to cater to the cash needs of the populace. Whether it’s augmenting a grocery store’s offerings, revitalizing a slow-paced shop, or capitalizing on foot traffic in government offices, the potential for profit is vast.
“I can’t remember the last time I used any Bank POS machine because I prefer how fast POS cash point is,” asserts a proponent of this burgeoning business model. The convenience and efficiency of POS transactions have garnered favor among consumers, driving them to opt for these agile cash points over traditional bank ATMs.
The beauty of the POS business lies not only in its accessibility but also in its resilience. Unlike many ventures where sunk costs can spell financial ruin, the capital invested in a POS enterprise remains liquid. Should one choose to exit the business, the initial investment stands intact, offering a safety net in an uncertain landscape.
However, like any enterprise, challenges abound. Theft poses a perennial concern, yet savvy operators mitigate this risk by adopting prudent measures such as relocating periodically and adhering to strict closing times.
For those with loftier aspirations and deeper pockets, the potential for exponential growth beckons. Establishing mini-banks equipped solely with POS terminals in bustling locales like Abakpa, Emene, or Garriki presents an opportunity to reap substantial returns. By emulating the structure of traditional banks and ensuring efficient cash management, entrepreneurs can tap into the lucrative market of daily cash transactions.
While various POS service providers vie for attention, Monie Point emerges as a preferred choice for its reliability and minimal network disruptions. Its seamless operation ensures uninterrupted service delivery, further enhancing the appeal of the POS business model.
The inclusivity of this venture is perhaps its most compelling attribute. From seasoned businessmen to enterprising students, the POS business welcomes all who dare to seize the opportunity it presents. However, success hinges not on fleeting gains but on unwavering commitment and consistency.
In conclusion, the POS business stands as a testament to the adage that fortune favors the bold. With modest investment requirements and boundless potential, it represents a gateway to financial independence for those willing to tread the path of entrepreneurship. As the wheels of commerce continue to turn, the POS business emerges as a beacon of opportunity in an ever-evolving landscape.
For further insights and personalized consultation on embarking on this lucrative journey, interested parties are encouraged to reach out directly. After all, in the realm of entrepreneurship, knowledge is power, and guidance paves the way to success.
Credit: Ngwanu Yagazie, Contributing Writer
By Admin
Abuja – A proposal to create 31 additional states across Nigeria is currently under consideration by the House of Representatives Committee on Constitutional Review. According to the committee, the move aims to address concerns about representation, governance, and regional development across the country.
The proposed states are distributed across various geopolitical zones, with six states suggested for the North-Central region, four for the North-East, five for the North-West, five for the South-South, and seven for the South-West. The committee has indicated that the proposal is in line with Section 8(1) of the Nigerian Constitution, which outlines the requirements for state creation.
Proposed States by Region
North-Central
1. Benue Ala (Benue)
2. Okun (Kogi)
3. Okura (Kogi)
4. Confluence (Kogi)
5. Apa-Agba (Benue South Senatorial District)
6. Apa (Benue)
7. Federal Capital Territory, Abuja (as an autonomous state)
North-East
8. Amana (Adamawa)
9. Katagum (Bauchi)
10. Savannah (Borno)
11. Muri (Taraba)
North-West
12. New Kaduna (Kaduna)
13. Gurara (Kaduna)
14. Tiga (Kano)
15. Kainji (Kebbi)
16. Ghari (Kano)
South-East
17. Etiti (New)
18. Adada (Enugu)
19. Urashi (New)
20. Orlu (Imo)
21. Aba (Abia)
South-South
22. Ogoja (Cross River)
23. Warri (Delta)
24. Bori (Rivers)
25. Obolo (Rivers & Akwa Ibom), possibly a renamed Oil Rivers State
South-West
26. Toru-Ebe (Delta, Edo & Ondo)
27. Ibadan (Oyo)
28. Lagoon (Lagos & Ogun)
29. Ibeju (Ogun)
30. Ife-Ijesha (Ogun, Oyo & Osun)
31. Oke-Ogun (Ogun, Oyo & Osun)
Constitutional Process for State Creation
The proposal will require approval through a series of legislative steps. The Nigerian Constitution stipulates that for a new state to be established, it must be supported by at least a two-thirds majority in the National Assembly, the State House of Assembly, and local government councils in the affected areas. Additionally, a referendum will be conducted, with the final decision forwarded to the National Assembly for ratification.
This proposed restructuring has generated mixed reactions, with some viewing it as a step toward decentralization and regional autonomy, while others question its feasibility given Nigeria’s economic and political landscape.
What are your thoughts on this development? Share your views!
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INC Demands the Creation of Toru-ebe and Oil Rivers States to Address the Underdevelopment of Ijaw Nation.
By Admin – Yenagoa
Ijaw National Congress (INC), the highest socio-cultural body representing the Ijaw people globally, has renewed its call for the establishment of two homogeneous Ijaw states—Toru-Ebe and Oil Rivers—citing persistent infrastructural under-development, political marginalization, and environmental neglect.
This was disclosed during a press conference held on Wednesday at Ijaw Ware in Yenagoa, Bayelsa State. The INC President, Prof. Benjamin Okaba, emphasized that despite being Nigeria’s fourth-largest ethnic group and hosting some of the country’s key oil export terminals as the single highest producer of oil and gas, the Ijaw people have endured systemic neglect, both in infrastructure and politics.
“We call on the Senate President, the Speaker of the House of Representatives, and all distinguished members of the National Assembly to seize this moment in history and act in the interest of justice,” Prof. Okaba stated.
He described this demand as a crucial step toward achieving justice, equity, and lasting peace in the Niger Delta, stressing that it would help redress historical injustices, drive economic progress, and secure a better future for the Ijaw people.
According to the INC, the creation of the proposed states would not only address issues of political exclusion and under-development, but also strengthen national unity. The organization urged all Ijaw people, along with other well-meaning Nigerians, to support the move towards the actualization of this critical milestone for fairness and equity.
By Divine Perezide
In a developing environmental crisis, residents and concerned stakeholders have raised alarms about an ongoing issue threatening marine life in Alakiri (Ofiemina Ama), Okrika.
According to reports, the cause of the problem remains unknown. However, its impact is severe, as it is actively destroying the sea life in the affected region. A call for urgent intervention has been made to prevent further damage.
In a statement issued by a concerned source, it was noted: “Matter of Urgent Repair. Location: Alakiri (Ofiemina Ama) Okrika. Reason: Unknown. Status: Not yet stopped. Impact: Destroying our sea life.”
The exact nature of the issue has yet to be determined, but local authorities and environmental agencies are urged to investigate and address the situation promptly.
This report is credited to MEDBOSS, with the hashtag #MEDBOSS signaling a wider appeal for awareness and action.
As the crisis unfolds, environmentalists and community leaders emphasize the need for swift measures to mitigate further harm and preserve the delicate marine ecosystem of Okrika.