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Guidelines for the Registration of MSME-regulated products

This article will explain in detail the Guidelines for the Registration of MSME-regulated products (Micro, Cottage, and Kitchen Scale).

Here, you will learn all you need to get a NAFDAC registration number. However, the article will talk about NAFDAC, its functions, and its cost.

To understand better the purpose of this article, we need to know what NAFDAC is and how they operate.

What is NAFDAC

The National Agency for Food and Drug Administration and Control (NAFDAC) is a Nigerian regulatory agency responsible for regulating and controlling the manufacture, importation, exportation, distribution, advertisement, sale, and use of food, drugs, cosmetics, medical devices, chemicals, and detergents in Nigeria.

In order to ensure that Micro, Small, and Medium Enterprises (MSMEs) engaged in these activities are operating in compliance with NAFDAC regulations, the agency has established guidelines for the registration of MSMEs.

To register with NAFDAC as an MSME, the first thing is to determine the appropriate category for your business. NAFDAC classifies MSMEs into three categories: Micro, Cottage, and Kitchen scale.

Micro enterprises are those with a turnover of less than NGN 5 million per year, cottage enterprises have a turnover between NGN 5 million and NGN 50 million per year, and kitchen scale enterprises have a turnover between NGN 50 million and NGN 100 million per year.

Once you have determined the appropriate category for your business, you will need to complete the necessary registration forms and provide the required documents.

These may include proof of business ownership, proof of product quality, and proof of compliance with relevant regulations. You may also need to pay a registration fee.

All processes will be analyzed in simple terms below.

It is important to note that NAFDAC registration is not a one-time process. MSMEs are required to renew their registration annually, and may also be subject to periodic inspections and audits to ensure ongoing compliance.

By following these guidelines and complying with NAFDAC regulations, MSMEs can help ensure the safety and quality of the products they manufacture, import, or sell, and protect the health and well-being of Nigerian consumers.

FUNCTIONS OF NAFDAC

The functions of NAFDAC as provided in the enabling law that establishes it are to:

The functions of NAFDAC as provided in the enabling law that establishes it are to:

Advice Governments, the private sector, and other interested bodies regarding the quality, safety, and regulatory provisions on regulated products.

Assembly such activities as are necessary or expedient for the performance of its functions.

Compile and publish relevant data resulting from the performance of the functions of the Agency or other sources.

Compile standard specifications regulations and guidelines for the production, importation, exportation, sales, distribution, and registration of regulated products.

Conduct appropriate tests and ensure compliance with standard specifications designated and approved by the Council for effective control of the quality of regulated products and their raw materials as well as their production processes in factories and other establishments.

Control the exportation and issue quality certification of products intended for export.

Establish and maintain relevant laboratories or other institutions in strategic areas of Nigeria as may be necessary for the performance of its functions.

Grant authorization for the import and export of narcotic drugs and psychotropic substances as well as other controlled substances; Collaborate with the National Drug Law Enforcement Agency (NDLEA) in a bid to eradicate drug abuse in Nigeria.

Issue guidelines, grant approvals, and monitor the advertisement of food, drugs, cosmetics, medical devices, bottled water, Chemicals, and detergents.

Liaise with relevant establishments within and outside Nigeria in pursuance of its functions.

Manage inspection of imported regulated products and establish relevant quality assurance systems, including certification of the production sites.

Pronounce the quality and safety of Products after appropriate analysis.

Regulate and control the importation, exportation, manufacture, advertisement, distribution, sale, and use of food, drugs, cosmetics, medical devices, bottled water, Chemicals, and detergents.

Sponsor such national and International conferences as may be considered appropriate.

Take measures to ensure that the use of narcotic drugs and psychotropic substances is limited to only medical and scientific purposes.

Take up the registration of foods, drugs, cosmetics, medical devices bottled water, Chemicals, and detergents.

Undertake appropriate investigation into the production premises and raw materials for regulated products and establish relevant quality assurance systems, including certification of the production sites and the regulated products

More on Guidelines for the Registration of MSME-regulated products

Having known more about NAFDAC, now we can go to our discussion on why we are here.

What is the Meaning of MSME

It stands for Micro Small and Medium Enterprises. They are small business-sized entities. However, It is a business that can be managed by one or two-person partners, private or public limited companies.

A microenterprise is a business that has the potential to reduce the level of unemployment in a country.

According to CBN, in countries at the same levels of development as Nigeria, SMEs contribute a much higher proportion to Gross Domestic Product (GDP) than currently observed in Nigeria.

Studies by the IFC show that approx. 96% of Nigerian businesses are SMEs compared to 53% in the US and 65% in Europe.

SMEs represent about 90% of the manufacturing/industrial sector in terms of the number of enterprises.

NAFDAC MSME-regulated products are; Bread, Chips, Chin-chin, Coconut oil, Dried fish, Flour, Groundnut, Honey, Laundry starch, Liquid detergent, Palm oil, Petroleum jelly, Popcorn, Seasoning, Shea butter, Water, etc.

Kindly read the full article on https://www.moshinfohub.com/guidelines-for-the-registration-of-msme-regulated-products/

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Free Stock Photos for Commercial Use

Free stock photos for commercial use are images that are available for anyone to use without the need to pay a licensing fee or seek permission from the copyright holder. 

These photos are typically provided by websites or online repositories that offer a collection of images that are either in the public domain (meaning that the copyright has expired or that the copyright holder has waived their rights) or licensed under a Creative Commons license.

However, we need images for numerous things. If you think you can afford to pay for your unique photos then go ahead as that is the best to do. On the other hand, if your budget did not include photos and you need to use one then this is an opportunity for you to know the different places to get royalty free stock photos.

We all want that unique image that hasn’t been seen anywhere else but it’s quite expensive in some instances. But this list of best free stock photo sites will be helping out to get different sites to get free stock photoes for free and without any copyright hassles.

Furthermore, these sites have gone miles in other to make this happen, and as such should be used with some respect.

Brief on Licenses for Free Stock Photos for Commercial Use

Most of the photos are free from copyright restrictions or licensed under (Creative Commons Public domain) dedication. With that, you can copy, edit, distribute and perform other works with the photos, even for personal purposes. What makes all these cool is that you can use them without asking permission.

However, some photos may require attribution. We’ve done our best to identify which license they fall under but we still advise you to do your research and determine how these images can be used.

Having talked about that, let’s proceed to the best free stock photo sites.

1. 123RF

123RF is a 100% bootstrapped company since 2005, and they have grown to be one of the world’s largest best free stock photo sites with an evenly distributed global footprint.

Also, they have helped a wide range of individuals and businesses tell their stories using creative free photos, and contributed by talents from around the world.

However, they are ready to impact the creative industry in a big way as a global player that enables creative solutions through constant innovation, new products, and services��

2. ABSFreePic.com

ABSFreePic.com is a high-resolution and royalty free stock photos platform with only one type of license: (CC0 Public Domain). However, photographers are welcome to upload their photos under a CC0 Public Domain license…

3. Adobe Stock

Talking from experience, only Adobe Stock can give everyone from emerging artists to global brands almost everything they need to design and deliver exceptional digital experiences.

One thing about this app is more of paid photos and that makes the free photos you can get limited…

4. AllTheFreeStock

AllTheFreeStock is your number one place to get different free stock photos, Videos, and much more. This site offers free photos listed under the Creative Commons Zero license.

Therefore you are free to use these photos in commercial projects. However, there it is a good idea to check the terms of use before using…

5. ANCESTRY IMAGES

This website on free photo stock is provided as a free resource for historians, genealogists, and anyone undertaking family history, ancestry, or local history research. You can also use the free photos on this platform as you want…

6. BARNIMAGES

Barnimages was created with the hope of redefining traditional stock photos. Here, you will find only quality photographs that are fresh, with nothing that duplicates the stock photograph you will generally find nowhere.

Furthermore, they call their collection “non-stock,” and also add new free photos every week…

7. bigfoto

This site offers you free stock phots download of all the pictures in a massive and constantly growing photo gallery.

You can use these photos just as you wish for personal or commercial purposes and there are no watermarks or complicated rules. It is advisable you see Copyright for details…

8. BIGSTOCK

Bigstock offers over 86 million royalty free stock photos and illustrations from talented photographers and artists around the world.

And you know what? it is available for almost any purpose. However, this is one of the Web’s leading stock photos for free communities…

9. Burst (by Shopify)

Burst is a free stock photo platform that is powered by Shopify. The image library includes thousands of high-resolution, royalty-free images that were shot by their global community of photographers.

However, Burst is built to provide designers, developers, bloggers, and entrepreneurs with access to beautiful free stock photography…

Free Stock Photos for Commercial Use Continue

10. Canva

The collection of free stocks photos by Canva is another platform you ought to look out for. Here, you can get millions of high-quality free photos to create beautiful designs…

11. Cepolina

Cepolina free stock photo offers over 20,000 free photos about travel and nature. Most of the travel photos have been taken during the summer holidays. In addition, each photo can be downloaded in 7 different sizes…

Please read on 5 Powerful Websites you Should Know

12. Compfight

Compfight is a photo search engine tailored to efficiently locate images for blogs, inspiration, and research. They basically make use of the Flickr API, though they aren’t affiliated with Flickr in any way…

13. CreateHER Stock

This is your one-stop destination for images featuring women of color. Here, you will have access to over 2800+ free stock photoes and more. Simply customize your online presence with this cohesive content…

14. Creativity 103

Creativity 103 is a resource of abstract and unusual free stocks photos, patterns, and textures; all available free of charge under a creative commons license.

There are currently more than 2500 (6GB+) of photos and illustrations on the site, and new photos or design packs are added frequently…

15. CUPCAKE

All free stok photos here on Cupcake are licensed under the Creative Commons license CC0, which means that you are free to use the images without any budget. You can copy, edit, and distribute.

It can be used for commercial and personal purposes, all without asking for permission. Although you’re more than welcome to let them know if you use images for a website, illustration, or whatever, it’s inspiring to see the results…

Do you still need more, then click https://www.moshinfohub.com/free-stock-photos-for-commercial-use/

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How to Make Money Online in Nigeria

There are different ways to Make Money Online in Nigeria. As a result, you need to know where you are good at before you start. You can either teach yourself by researching or learn from someone who has done it before.

The different ways of making money online are;

Freelancing: One way to make money online in Nigeria is by rendering client services. Services such as writing for people that need it.

Online sales: Here is another way to make money online in Nigeria. Most people now sell online and on different platforms such as Jumia, Konga, Jiji, etcetera. You can sell on any of these platforms to make some cool cash.

Blogging and Affiliate Marketing: Blogging is an act of making research and writing on a particular idea to help solve people’s problems. On the other hand, Affiliate Marketing is selling other people’s digital products to earn a commission.

Online tutoring and teaching: Also, one other way to earn online is to organize online tutoring and teaching.

Social media marketing: One way to also make money online is to help companies to build their online presence.

The list goes on and on.

This article will not talk deeply about all the above-mentioned. It will only concentrate on No2, which is selling online. Also, for better understanding, we will be talking about selling on the No1, online store in Nigeria which is Jumia. That will take us to the topic on

How to Make Money Selling on Jumia

Selling online is on the rise in Nigeria, with more and more consumers turning to online platforms to purchase products. From fashion and electronics to food and home goods, the variety of products available online is ever-expanding.

However, starting an online store has become a popular way to Make Money in Nigeria. However, creating a successful online store is not always easy.

In this article, we will explore the No. 1 online store in Nigeria and provide tips on creating a successful online store, including product photography, pricing, and marketing strategies.

In addition, by following these tips, you’ll be on your way to making money online by selling products in Nigeria.”

In case you have been searching online for this topic to no avail, and you have always wanted to make some money online, then you are indeed a lucky person for stopping by this topic.

Search no more. All you need now is full concentration.

Don’t forget we will concentrate on making money on Jumia.

As of today of writing this article, Jumia remains the No1, online shopping store in Nigeria with no doubt.

Also, I need to tell you most of the products you buy from Jumia are from different sellers/vendors, and not Jumia itself.

The work of Jumia in this regard is to make sure the product you want to send to the customer is in good condition and help you transport it to the customer, though Jumia solely owns the customer.

What is Jumia?

According to Investopedia, Jumia is a Pan-African technology company that is built around a marketplace, logistics service, and payment service.

The logistics service enables the delivery of packages through a network of local partners while the payment services facilitate the payments of online transactions within Jumia’s ecosystem.

It has partnered with more than 100,000 active sellers and individuals and is a direct competitor to Konga in Nigeria and Amazon in Egypt.

In addition, Jumia knows the next level of buying for customers is now on the Internet, which is why they are in it.

Also, one of their goals is to offer the widest range of products to customers, and this is what makes sellers essential.

As Africa’s number one e-commerce company, they are always looking for ways to add value for customers.

As a Jumia seller, you take part in offering those customers a better selection, better prices, and a top-notch customer experience.

The average number of potential customers monthly stood at 225,000, and the number of views per month is at 35,000,000.

This figure is a good omen that there is something you can gain from partnering with Jumia.

What you should know before you start selling

1. Make sure you comply with the conditions set aside:

Your products can be sold on Jumia if you have all the necessary information to create your account:

Mail address and phone number

Details of your company (address, legal name, etc.)

Bank account details.

Do not worry about the ones you think you do not have, I will tell you how to go about it.

2. How much does it cost to sell on Jumia?

Registration on Jumia is free for all vendors. For each sale you make via the platform, you will be charged a fee depending on the delivery method chosen and the category of your products.

Shipping cost contribution

Commissions

Jumia Express fees

3. Discover the Seller Center:

When you are registered, all the management of your online store is done via the Seller Center. With this portal, you have access to all the information you need to manage your sales, add products, update your product information, have an overview of actual sales, etc.

It is a one-stop shop to facilitate the management of your sales account on Jumia.

Below are a few of the things you can do from the SellerCenter.

Keep track of your inventory and update your listings

Keep track of orders that are in the Jumia network

Join the promotional campaigns

Use customer metrics tools to monitor your seller performance

Read the full article from the source at

https://www.moshinfohub.com/how-to-make-money-online-in-nigeria/

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Loan in Nigeria - Instant Online Loan in Nigeria

This post will let us know better about Loan in Nigeria – Instant Online Loan in Nigeria. Gone are the days when getting a loan has never been easy no matter how little it is, but not anymore.

Thanks to recent technology that is spreading like wildfire and making it easy to get a Loan in Nigeria.

Currently, there are lots of companies in Nigeria both registered and unregistered ready to give out loans with interest rates and without physical collateral.

If you are the type that doesn’t take nor give interest then we are sorry this post isn’t for you.

If you don’t have any problem with taking or giving interest then you are welcome to this beautiful post on a loan in minutes in Nigeria.

Nigeria loan – Best loan app in Nigeria

Getting a loan in almost all the below-listed platforms do not require physical verification, because everything will be done through some loan app in Nigeria, and most of the time what they need is just your Bank Verification Number (BVN).

The different loan apps in Nigeria that we talked about in this post on Loan in Nigeria – Instant Online Loan in Nigeria can issue a loan from as low as ₦1,000 Naira to millions of Naira. So, if you have a business opportunity you want to invest in then pick the lending platform suitable for your demand among the list.

In addition, if you also have personal expenses you need to take care of, these are personal loans in Nigeria you need to look out for. Based on the technology advancement, these Nigeria instant loan app platforms come in the form of an app YEA. That’s it. Once you know the loan app in Nigeria that meets your demand, just download their app, register, and request an urgent loan in Nigeria as easily as that.

Best Loan App in Nigeria 2023 platforms that guide us on how to get a Loan in Nigeria includes;

1. AB Microfinance Bank

The first platform we will be talking about Loan in Nigeria – Instant Online Loan in Nigeria is the AB Microfinance Bank. It is an urgent loan in Nigeria we should be focusing on. However, what makes them unique is the fact that they focus more on loans for businesses and you have the opportunity to obtain a huge loan of up to ₦20,000,000.

Also, the loans are easy to pay out and within 48 hours. Furthermore, the minimum loan payout is ₦15,000 and the maximum amount is ₦20,000,000, and do not forget this loan is meant for businesses and not for an emergency. In conclusion, Your veritable business inventory and other criteria will be what will determine the amount of loan you are entitled to.

On the other hand, you don’t have to be afraid if your business is registered or not because they do not take that as a priority. What they need to see is proof of business ownership and which can be in the form of shop rent receipts, invoices, goods/product receipts, etc.

In short, just evidence that your business has been in existence within the stipulated period on your documents.

As we have known that this is a Bank and not just an app which might make you start questioning if you would need an account with the Bank, but the answer is NO. Furthermore, no fee or mandatory account is required to get a loan. So, that is another opportunity for you, no bank account, just apply on their site and you are all set.

We need to tell you this, you actually need at least a guarantor before the loan can be processed. Also, all you need for proof of identification is a valid ID card and proof of business ownership shikena.

How it works

Step 1 Apply online. You have to log in to their website HERE thereafter, you will see the section “Loan” where you can apply online. The application will involve asking you questions about yourself and the business you are eyeing or need to expand. once you are done filling out the application form, click on submit and your application will be processed immediately.

Step 2 Get approved. Your application verification process starts immediately and you will be notified once it has been approved via email and a phone call from their consultant.

Step 3 Money is made available. Within 48 hours after your application is approved, your loan will be credited to your account, so, It’s that easy, fast, and straightforward.

Step 4 Repay your loan.

Loan in Nigeria – Instant Online Loan in Nigeria

2. Aella Loan App

Aella is a quick and easy money solution no doubt. It is owned by Aella Credit and was Launched on 30th Oct 2016. As of Dec 2022, It has gotten over 1,000,000+ downloads on the Google play store and I think that is awesome.

People and businesses deserve easy, straightforward products that work. Aella makes it super easy for anyone to borrow, invest and make payments. They hate no excuses.

We all need to take a little credit for one thing or the other sometimes, do not worry as you can get simple and easy access to funds on the platform.

They takes the hassle out of Finance. Whether you are a business or an individual, they put control back in your hands with simple, straightforward products.

The system is designed to help customers build financial independence by building simple products; loans, investments, bill payments, micro-insurance plans, and peer-to-peer money transfers.

3. ALAT by WEMA

Another loan platform we will be discussing on how to obtain Loans in Nigeria is the ALAT by WEMA loan. It is owned by WEMA Bank in other to broaden its horizons. ALAT has been saving thousands of Nigerians with its loan opportunities.

ALAT is Nigeria’s first fully operative digital bank. With ALAT, you can do all your banking transactions without being physically present at a bank.

However, ALAT is giving everyone the opportunity to apply for a loan without paperwork, no visitation to any physical address and you get a response for the loan to be disbursed to you in no time once you have been accepted in the system. However, for you to be accepted by the system, they will have to run a quick credit check on you upon request for a loan.

How it works

Step 1 Log in to the ALAT website HERE, at the top right-hand corner, you will see a section that says Sign up, click on sign up and you will be taken to another page, from this page fill out the form in other for the system to recognize you, submit your form and your account is opened immediately.

Step 2 After successful signup, go under the menu and you will see a section that says Loans, click on it, read and understand the ALAT disclaimer.

Step 3 After successful credit evaluation and checks, you will be offered a loan with duration and interest rate based on your current risk score…

Step 4 Read through the offer and if interested, accept the terms and conditions which will also entail asking for your consent to have your account debited in other to repay your loan at the due date. Then, your account will be credited immediately.

Kindly read the full article from the source  at 

https://www.moshinfohub.com/best-loan-app-in-nigeria-2023-for-personal-use/

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Nigerian Agriculture – Farming in Nigeria

This post will walk us through Nigerian Agriculture – Farming in Nigeria. Over the years and even as of today, the Nigerian economy is being controlled by Oil and Gas with little improvements in the non-oil sectors, most important agriculture.

Statistics say Nigerian Agriculture – Farming in Nigeria comprises mainly four (4) key sectors which are; “Crop Production, Livestock, Fisheries, and Forestry”. However, crop production represents about 88.6 percent, and the remaining ones put together share 11.4 percent.

Unfortunately, more than 50% of the harvest from crop production is lost due to different challenges and which later results in a huge economic loss to all participants in the industry. Farmers are now getting over it and the result has given birth to different Nigeria Agricultural Farm.

The country loses a lot of revenue in taxes and is also unable to collect tax from farmers because there is no structure on the ground to make this a win-win for all.

Nigerian Agriculture – Farming in Nigeria

Nigerian Agriculture – Farming in Nigeria till today is still a lucrative business which makes a lot of companies to be getting involved. Furthermore, if you need any agricultural farm in Nigeria to supply you with agricultural products of any type and quantity, then you are in the right place to know the top 11 Agricultural farms in Nigeria. This is simply a list you can use to make your edible decisions.

The government in power today is laying more emphasis on Nigerian Agriculture – Farming in Nigeria, which makes the government close its borders so that Agricultural products are not being imported instead of patronizing the country’s local Agricultural products.

Kindly read the full article on https://www.moshinfohub.com/nigerian-agriculture-farming-in-nigeria/

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5 powerful websites you should know

We were fortunate to come across these 5 powerful websites you should know, each of them doing different things. However, they are also on top of their game because they brought innovation to the world in their own way.

They tend to solve problems in their respective fields. We have used all the sites we will discuss in these 5 powerful websites you should know.

Seriously, these awesome sites we will be listing in this post have helped a lot and they are still helping and they will continue to help. Be ready to bookmark them.

The list of the sites we will be talking about includes;

i. Remove Background ii. Whoer iii. Globfone iv. Dingtone v. Grammarly

Kindly read the full article from the source with lihttps://www.moshinfohub.com/5-powerful-websites-you-should-know/nk. From the link, you will know the different work each of them does. You will also be able to know how to use them.