- Location UROMI BENIN CITY EDO STATE. NIGERIA
- Project decription TRICYCLE
- Project estimate £200,000
Over the years, I have always cherished an ideal to be an inventor. But, this was not to be as I suffered disappointments, frustrations and setbacks arising from financial in-capacitation.
Hitherto, I could not get the necessary support from interested corporate organisations or individuals who were not interested in sharing in my vision and passion. The future for me looked very bleached. Life was difficult and hopeless. And the only friends I ever knew were that poverty, hunger, rejection and failure.
Then, fortunately just like a bird out of the blue sky, this state of hopelessness changed miraculously when the Frugal Empowerment Foundation appeared on the horizon. And my hoped and expectations changed for the better beyond my wildest imagination.
This was precisely eight months ago. But today, as I look back with sweet nostalgia, I feel a sense of consummate fulfillment to be associated with the Frugal Empowerment Foundation which has provided me with a solid platform in pursuing and actualizing my creative ability and innovation.
Based on the support and inspiration of this Foundation, I am currently working on
a project to produce a prototype of a locally made six-seater passenger TRICYCLE.
I can also say with pride and admiration that the Foundation is very unique and very dependable. It has given me hope to be living my dream once again and the leverage to move to the next level as an inventor.
The model of TRICYCLE which I am producing has some intricate uniqueness in many ways
First, it is a six-passenger capacity model excluding the driver. The tiyers are different from the regular ones. Also, the location and compartment of the engine is also different an
d many more unique features.
THE ECONOMIC BENEFITS OF THE PROJECT
The economic importance of this device(TRICYCLE), cannot be over-emphasized.
First, the firm or company and value chains which will be developed or grow out of this device can help to absolve armies of unemployed youths to be productively engaged and to be earning living wages. This will help fight poverty, hunger and curtail their level of dependency, youth restiveness and other crimes associated with unemployment.
Second, the economy will also benefit by way of excise duties imposed on the production and sales of the device.
In addition, the competitive pricing which would follow between the imported Tricycle and the locally produced ones will force down prices and thus encourage import substitution, business expansion, growth because of increasing demand for the product.
For the import substitution, instead of importing, we would have an export oriented economy, and this will bring about increased inflow of foreign exchanges. The government will have more resources to embark on infrastructural projects and provide other essential services. In fact, the benefits are endless.
STANDARD AND QUALITY CONTROL
It is instructive to note that while emphasis is geared toward market penetration, effort will be made to ensure that acceptable standard in the production of this device is fully maintained and quality control complied with. This is to ensure market acceptability and penetration internationally.
The Foundation also encourage growth in human capital development as a way of ensuring improved skills and performances. Training development, in fact, is essential for maintaining effective tools for competitive edge in business. These training have helped me in redefining and realigning basic priorities, precepts and values in pursuance of my vision. The Frugal Empowerment Foundation made this possible for me.
Apart from the funding of the Tricycle project, per se, which has reached advanced stage, like many others, the Foundation also provides financial leverage by paying me and other talents handling various projects at designated areas, sustainable amount of money to enable us to provide for our respective families and meet other financial obligations. The nightmares of living in Penury, hunger and wants to have been totally eroded and replaced by fulfilment and hopefulness. To these gestures, I unreservedly owned the Foundation an innumerable debt.
ENCOURAGEMENT AND APPEAL
With my unassailable experience with the Frugal Foundation, I am very convinced, that your talents out there who seems helpless by your situations, that your road to rediscovery and success is lurking on the horizon and it is yours for the asking. That is why you need to identify with the Foundation to support and help actualise your dream or vision.
All these efforts by the Frugal Foundation are noble and lofty. The responsibilities are, no doubt, daunting and challenging. The Foundation needs funds to be able to carry out these lofty objectives and hence your supports- from corporate organisations, individuals and to government agencies, to be able carry out its responsibilities of helping creative talents like my humble self, to achieve their visions, of helping to fight hunger, poverty, degradation. It needs your support to assist victims in crisis environment, conflicts, natural disasters-mudslides, earthquake, floods, hurricane, etc.
Your contribution can help put smiles on the faces of those in pains and rekindle their hopes and also help elevate the talented youth to another level of creativity or invention.
Do not let the dreams of these young talent die just like mine was until the FRUGAL came to my rescue. Whatever you do, please, let us spare a thought to assist these impoverished people to live again, to hope again and to smile again.
Your contribution can help to change the narratives of these unfortunate people, make a big difference in their lives, help fight hunger, poverty, unemployment, restore the hopes and confidence of victims in crisis environments. Can help curtail diseases that constantly plagues our societies. It can help change somebody’s story like mine from failure to a success one.
Thanks for your anticipated contributions. You will be mightily blessed as you do.