#thefinanceissue
BROOKVILLE HOTEL
T IM E OUT
HOW TO START FROM SCRATCH
ABUJA INNOVATION HUBS
Get motivated
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CO-WORKING SPACES
$10
Road Cheap eats Trips *SPICY DISHES *AUTHENTIC BEER *LOCAL TWISTS
*FOOD FILES *TOUR ABUJA * TOUR NIGERIA
Barkono G R I L L S #YOU Economy
Why you matter today.
NIGHTLIFE INSIDE ABUJA DISTRICTS
Plot 533, Cadestral Zone Behind Prince Ebeano Supermarket Gaduwa District - Lokogoma - Abuja +234 908 191 2666
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ONITSHA
#entreprisecity
Bi-Monthly Magazine #hospitality #tourism #events #workshops
#issue 4 Twitter @timeoutabuja
what your start-up needs... start-up on a budget.
#innovations hubs
what’s happening and where it’s happening.
o C -working
Editor’s Note
Dear Reader, This is the greatest time to be Nigerian. I started this dream a few years ago in 2013. I have always loved publications and somehow - while growing up - I really wanted to become a digital publisher. I however realized I had been chasing this dream wrongly- rather than focus on digital productions - I focused on print publications. I have learned a lot about publishing, I have learned a lot about determination and in the process I am becoming the change I have always dreamed of. This issue of Time Out Abuja - issue 4 - is for the dreamer who is very determined to stand out. For the innovator who believes in his visions and in the content creator who is very ambitious about winning.
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ocial enterprises demand services that are
unique and original. This is why it is very important for any social enterprise creator to co-work with other social entrepreneurs. A true entrepreneur should always leverage on services and products created within their enterprise. The idea is to find the ideal lead to transform into a connection worthy of creating synergy capable of making your ideal idea a valuable service or product. Here is a list of co-working space that you can work from as an emerging enterprise creator. with love and gratitude, I hope you enjoy this edition. Best regards, ecHe
Instagram & Twitter: @timeoutabuja
1. REGUS, ABUJA 4th Floor, Tower C, Churchgate Plaza, 473 Constitution Ave, Central Business Dis, Abuja.regus.com.ng 2. CIVIC INNOVATION LAB 50 Ademola Adetokunbo Cres, Wuse 2, Abujacivicilab.com 3. VENTURES PARK 29 Mambilla St, Three Arms Zone, Abuja -
@civicinnovationlab
@venturespark
Ideas & Qoutes “You can only be your original self.” - ecHe
#PROMO: List your business today. Send a DM
T IM E OUT
Breakfast Corner 805 Best Breakfast Place in Abuja Restaurant 94 Aminu Kano Cres, Wuse 2, Abuja 0803 207 9169
Authentic Beer Best Beer Lounge in Abuja
ABUJA #timeoutabuja #knowyourcity
805restaurants.com
Black Gold
Main Ingredients *plantains & fish
...My favorite craft beer. I love black gold. Why?
10% Coffee Stout
Efo-riro
New Spins infused Captain Jack
A taste of Nigerian? 1. Javenik Restaurant - 494 Bangui St, Wuse 2, Abuja - Opens 8:00am 2. The Masa Place - No 11, Fela Anikulapo Kuti Street, off Tai Solarin/ Gwarimpa, Tai Solarin Ave, Gwarinpa, Abuja - 0806 263 1760
Cheap eats
Local Brewery - Bature Brewery - A1 Discovery Mall, Ademola Adetokunbo Cres, municipal, Abuja - 0803 883 4924 - Opens at 3:00pm, Tuesday - Sunday
it is sweet. it is mild. it is creamy. the taste. Is WOW! Always great @baturebrewery
DIY-Cocktails Ingredients
2 parts Coke 1 oz Jack Daniels 1 oz Captain Morgan's Spiced Rum and/or Captain Jack Rum - you can submit a DIY cocktail we will publish it in our next edition. send plus image to - +2349082449469
Prep time: 4mins Quick Meals
Ginger shaken Sirloin beef with Japanese Cabbage Ingredients
Best places to eat under a budget in Abuja. 24hours Open Restaurants If Suya is your thing... 1. Mai Zamfara Suya Spot - 111 Ebitu Ukiwe St, Jabi, Abuja. Opens from 12:00pm. 2. Yahuza Suya - Wuse 2 - No.7 Bozoum Close, Wuse ll, Abuja. Opens from 8:00 am - 3:00am #timeoutabujacheapeats
Prep Time
Suya Spots Hidden Gems Nigerian Dishes
Looking for a lounge? 1. Xhale Lounge - 123 Ademola Adetokunbo Cres, Wuse 2, Abuja.
Local Pubs & Grills? 1. Tomatoes Pub & Grill - 668B 6th Ave, Gwarinpa Estate, Abuja - 0810 815 7725 - Opens - 10:00am
#issue 4 Twitter @timeoutabuja
10mins
Cut the fat of the sirloin beef. Dice it and fry in a skillet pan without oil. As it melts, toss in diced ginger. Marinade the beef in miso/chilli paste. Cut in 3cm chunks
300g Sirloin Beef Ginger Miso or Chilli Paste Cabbages Remove the ginger and sauteed fat from the skillet. Stir fry the sirloin, toss the cabbage in boiling salted water for 3mins. Add 2spoons of honey to the frying beef. Serve on cabbage- sprinkle ginger and beef mix on it. Season it
JOLLOF, FRIED or WHITE RICE Jollof rice: a West African rice dish, made with a combination of spices and tomato stew, usually served with side dishes. Served with fried plantain (for vegetarians) Served with fried plantain and chicken or beef Served with fried plantain. and assorted meat (goatmeat, tripe and cow-foot)
Power Tip
#tourNigeria
805 Abuja is located in the nice area of Wuse 2. Offering a variety of dishes this is a great place for locals and visitors. A great location to meet friends and/or celebrate a birthday party. If you are visiting Abuja for business there is a good selection of hotels in this area and local attractions. Try this at home.
what to do with...
Over-ripe plantains! make plantain bread.
ROAD TRIPS sights of Nigeria Road Travel Tips
Best place to visit in Nigeria...
from Abuja.
Hiring a TRACAS! ...to Anambra State. what you need to know.
Article - Start-up Strategies for Authors
3 Reasons Self-Publishers Should Crowdfund Their Book
by JAMES HAIGHT
T IM E OUT
ABUJA #timeoutabuja #knowyourcity
With the explosion of the selfpublishing industry and the popularity of platforms like Kickstarter and Indiegogo, crowdfunding has become an increasingly viable option for authors. It only takes a cursory search to find encouraging case studies, like how one author raised $12,755 in 30 days to get you excited about the possibilities.
Tips on Self Publishingwhat you need
to know.
*Create a clear concept for your book. *Develop your book. ... *Get to writing. *Proofread your text and prepare a manuscript. ... *Choose The excitement is justified, but crowdfunding a book takes a tremendous illustrations commitment of time and is a grueling journey for many authors. However, for and cover. those who navigate the process, crowdfunding can provide value that stretches far *Publish the deeper than just earning upfront dollars to finance your book. book. ... *Promote your Below are the top three reasons why authors should consider crowdfunding. book. 1. Crowdfunding helps defray publishing costs First time authors often underestimate the amount of money that it takes to get their book to market. In order to bring a polished book to market, an author must plan to invest in at least the following services: Cover design Professional editing Interior/exterior formatting These costs can vary widely depending on the level of service you choose. #timeoutabujacheapeats
*
For instance, a professional cover design will range anywhere from $100 – $1,500 depending if you choose a provider that repurposes stock images or designs a completely original cover from scratch. Beyond that, editing will generally range between $.02 and $.10 per word. This means that a 100,000 word novel could set you back anywhere from $2,000 – $10,000. If you are planning on using print ondemand services (such as CreateSpace) or only releasing an ebook, the upfront costs might stop there. But, if you want to do your own print run of physical copies, you’ll have to invest another few thousand dollars to get books in hand. What’s so appealing about crowdfunding
Article - Start-up Strategies for Authors
is that it allows you to raise money before you ever incur these costs. Prior to crowdfunding, these costs might have presented an insurmountable challenge to authors. Now, authors have the ability to bring a professional quality book to market without worrying about the ability to float the expenses. Instagram
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2. Crowdfunding makes selling your book easier Crowdfunding presents a unique opportunity for authors to sell books and build an audience. Successful crowdfunding campaigns do more than just get fans excited about your book. They get fans excited about the book’s journey. With crowdfunding, your backers are more than just customers. Backers become part of the reason that your book exists, and this creates a level of excitement that simply doesn’t occur after your book is printed. Further, crowdfunding campaigns inherently impose a sense of urgency. One of the most difficult objections to overcome when selling your book is fighting people’s urge to say “I’ll buy it later.” The time limit of crowdfunding campaigns (generally 30 days) helps you push people beyond this hurdle. Crowdfunding can put authors in a position to sell more books and build an audience faster than they ever could otherwise. The blend of urgency and excitement that crowdfunding provides is a crucial element in turning interested fans into paying customers. 3. It can possibly help you get a publisher There are a number of crowdfunding platforms for authors to choose from. They range from the mega platforms (like Kickstarter and Indiegogo) to more specialized platforms that
specifically target authors. This is where authors can leverage their campaign to potentially get a publisher. For instance some platforms such as Inkshares and Unbound actually act as publishing houses themselves. If you run your campaign on their platform, there’s a chance that they will pick you up and bring your book to market. Additionally, there are platforms such as Publicizer that will act as your virtual agent. Based on the success of your campaign they will query your book to prospective publishers on your behalf. However, authors should be aware that many of the “publishers” that offer authors a deal are actually vanity presses. These companies offer to print your book in exchange for a service fee and provide limited (if any) support on marketing and distribution. Depending on your goals, this might still be the right decision, but authors should investigate further before signing on. These three factors create a compelling case for authors to launch their book via crowdfunding. Savvy authors can utilize crowdfunding as a tool to not only offset the costs of bringing their book to market, but also to accelerate sales and their ability to build an audience. If you are willing to put in the work, crowdfunding can be your ticket to bringing a professional book to market without paying the price. Note to reader: “ Use the tips pointed out in the article as a yardstick to self publish your first draft. There are great opportunities for short story writers.”
#travelscapes
*Best way to get to Onitsha from Abuja. Air is great- however you will need to fly to Awka, Enugu or Asaba Road traveling is more rewarding for the touristCharter a cab- preferably TRACAS.
#timeoutabujadestinations
ONITSHA
#entreprisecity
Highlights Onitsha (Igbo: ? Ìn?Ìchà Mmílí or just ? Ìn?Ìchà) is a city located on the eastern bank of the Niger River, in Nigeria's Anambra State. A metropolitan city, Onitsha is known for its river port and as an economic hub for commerce, industry, and education. It hosts the Onitsha Main Market, the largest market in Africa in terms of geographical size and volume of goods.
Catholic Archdiocese of Onitsha
#tourNigeria onitsha
#enterprisecity Lying at the bridge between Eastern Nigeria and Western Nigeria, and between the densely settled Igbo hinterland and the oil-rich River Niger Bridge creeks of the - From Anambra to Delta Niger Delta, positioned as a regional hub for Onitsha is trade and logistics in Eastern strategically
ONITSHA
#travelscapes
#enterprisecity
#insideanambra Travel Agencies Traveling through Nigeria
T IM E OUT
ABUJA
African region.
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Nigeria. As the Nigerian economy has expanded, so too has Onitsha played a central role in the trade and distribution of manufactured goods from Lagos and food produce from various northern towns to buyers from all over Eastern Nigeria and across the West Instagram
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Consequently, Onitsha has grown to become one of Nigeria's most significant market towns and its Main Market, one of the largest markets in West Africa, a center point where billions of naira are transacted every day. -Onitsha's role as a strategic gateway for trade and commerce continues to expand and deepen and the Anambra State government has made a conscious effort to encourage industrialization over the past few years through infrastructure renewal and directed investment. – In 2012 the state government, through a joint venture, attracted SAB Miller to invest in Onitsha Brewery, which started production in August. It was the first large-scale investment in Onitsha since Premier breweries, makers of the Premier Beer, established production in Onitsha in the early part of the 1980s. In January it was announced that upgrades to the value of $110 million would triple the output of beer and malt drinks. Hero is part of this venture. Other factories have sprung up in the popular Harbor Industrial Layout including Orange Drugs, a soap-making factory; Krisoral, a bottle cap manufacturing company; and PZ Cussons, Dozzy Group Of Company, Golden Oil, Hyma Foam, Olympic Packers, Pokobros, Grand Cereals, Life
DESTINATION: Anambra
tip: hire a tour guide. 1. Fem Global Travels - 42 limca Road, Nkpor 434212, Onitsha. Phone: 0803 094 3229 www.femglobaltravels.com 2. Zodiac Travels & Communications Limited - 98 Modebe Avenue, Odoakpu, City Centre, Onitsha Phone: 0813 508 1150 3. Genesis Travels & Tours Limited - Kano Street, GRA Phase I, Onitsha #insideIdemili
TOWNS
sights of Nigeria
seven towns Nnokwa - is one ofinthe idemili south local government area(LGA) of Anambra state, Nigeria. It has the distinction of being Eziafakaego the only Nri town Hotels & Resorts in this LGA.It Nnokwa-Alor Rd, Nnokwa comprises of ten 0805 800 0397 villages: Ogonogo, Group tutors Nnokwa youths Ozala, Isimgbede, on education & new skills Umuide, Aboh, Odumodu, Eziama, Umueshi, Ubili and Umudim. These ten villages are The scheme was grouped open to all youths into three from Nnokwa quarters: St. Stephen’s town and beyond, Nnaku,Etiti Anglican Church-Nnaku targeted at and Ifite for easy enriching their administration. With a knowledge and population of 30,000 (2006 equipping them to census) Nnokwa is among overcome the the most populous towns in challenges of life. Idemili LGA of Anambra. -Job Osazuwa Local Bites Nkwobi Nkwobi is one of those igbo dishes you will find anywhere in Nigeria.
NNEWI
The Small Town Of The Super Rich
Shortly before Nigeria’s independence in 1960, Louis Odumegwu Ojukwu, reportedly Nigeria’s first black billionaire, and founding president of the Nigerian Stock Exchange, was knighted by Queen Elizabeth II. The royal honor came after he helped the British during World War II with his fleet of trucks. He was so wealthy that during the Queen’s visit in 1956, she was chauffeured around in his Rolls-Royce – apparently the only one in the country at the time – on the request of the colonial administration.
than any other town in Nigeria, and possibly Africa. The Igbos, who sometimes refer to themselves as the ‘Jews of Africa’, have entrepreneurship in their blood. They have built themselves from the ground up, with little help from the government, after a controversial
policy left them all with 20 pounds each, regardless of their bank balance, at the end of the Nigerian civil war in 1970.
Nicknamed the Japan of Africa, Nnewi is famous as a hub for automobile spare part dealers, and most recently, Innoson, Nigeria’s first indigenous car assembly plant. The town is also known for its factories that manufacture household goods and is home to the biggest road transport companies in the country. Nnewi, with a little over two million residents, is a 30-minute drive from Onitsha – the His son, Chukwuemeka, who also ended up a biggest outdoor market township in West Africa – on billionaire, returned from Oxford University at the banks of the Niger River. 22 with a master’s degree in history and led his These are 10 of the most prominent naira fellow Igbos into the Nigerian civil war as head billionaires from Nnewi, in no particular order: of the secessionist state of Biafra in 1967. Profiled in September 1965 by TIME magazine, Ojukwu made his money by importing dried fish for resale, and diversifying into textiles, cement and transport. When he died a year later, his wealth was an estimated $4 billion in today’s economic value.
Their hometown Nnewi, in the southeastern state of Anambra, either by good fortune or hard work, has bred more naira billionaires
Cletus Ibeto: The Ibeto Group has been described as the largest industrial enterprise in southeast Nigeria. Starting out as an apprentice to an already
DESTINATION: Anambra established auto spare parts dealer, Ibeto eventually branched out on his own and effectively ended importation of lead acid car batteries in Nigeria in the late 80s. The result is a conglomerate dealing in hospitality, motor products, real estate, petrochemicals, agriculture and cement. Cosmas Maduka: One of the country’s foremost car dealerships, Coscharis Group, is the brainchild of a man who lost his father at four and had to drop out of school to sell bean cakes, a popular food staple. His company, one of the largest car dealerships in Nigeria that deals with BMW, Jaguar, Range Rover and Rolls-Royce, has diversified into agriculture.
polls and unsuccessfully ran for the governorship of his home state, Anambra, in 2014. His wealth comes from investments in oil and gas, as well as exportation of motor spare parts and, recently, from sales of football players. In June 2015, Ubah – described by one Nigerian newspaper as ‘the new sugar daddy of Nigerian football’ – completed the purchase of Gabros FC for N500 million and renamed it Ifeanyi Ubah FC.
Louis Onwugbenu: The head honcho of Louis Carter Industries dropped out of school in 1967 when the Nigerian civil war broke out. He got his nickname from weekly trips to Lagos to sell motor spare parts under the popular Carter Bridge in the city. His reinvested profits allowed him to diversify into manufacturing car batteries and pipe fittings, agriculture, food processing, Innocent Chukwuma: Another school real estate and, by the age of 30, he was already dropout, he is the founder of Innoson Nigeria Limited which produces sport utility a naira multimillionaire. The headquarters of his conglomerate sits in the Carter Industrial Estate, vehicles, commercial buses and passenger cars at the first indigenous assembly plant in spanning many acres in Nnewi. Nigeria. The company has factories in Nnewi Obiajulu Uzodike: Nigeria is one of the foremost and Enugu and has the governments of Anambra and Enugu states, as well as a few cable producers in the world due to many indigenous federal agencies, among its customers. manufacturers across the southeast. One of Augustine Ilodibe: An orphan and mass server in the Catholic church, young Ilodibe the top cable was gifted £35 by one of the priests and he companies is Cutix Nigeria, whose founder, initially invested in motor spare parts Obiajulu Uzodike, cut trading. By the sixties, he pioneered the his teeth in the interstate luxury bus transport service; for business as a staff at a US-based aircraft and years, he was the sole importer of these military wires and accessories company. By 1982, buses. After helping organize vehicles for the Harvard Business School alumna and civil war the Biafran side during the civil war, he veteran set up Cutix with N400,000 ($1,200), established the hugely popular Ekene Dili nurturing it to eventually become the first Chukwu Transport, his main cash cow and indigenous firm in the southeast to be listed on later diversified into brewery and the Nigerian Stock Exchange. agriculture. Ifeanyi Ubah: The flamboyant businessman funded parts of the Goodluck Jonathan campaign ahead of the 2015 presidential
-Written by Eromo Egbejule For FORBES Africa, August 7 - 2017.