Satisfier:
Please i need ideas from entrepreneurs, business minded men and women. Please what kind of company can I start in Abuja with 30million naira? I want a lifetime company that can make billions in the future, something stable and likely to become an empire with good management. No jokes or childish comments please. Thank you

godblessuyirich:
sir kindly contact me, i can tell you about 3 different factories to set up and in 2 yrs time u will be amazed cos your assets will be triple ur present capital. stay well and pls be wise

Satisfier:
Please i need ideas from entrepreneurs, business minded men and women. Please what kind of company can I start in Abuja with 30million naira? I want a lifetime company that can make billions in the future, something stable and likely to become an empire with good management. No jokes or childish comments please. Thank you

TheSparrow:
Rice milling business is a very viable and profitable business to invest in. Especially now that the government is very much interested in the rice farming and processing industry.

The ban on the importation of rice into Nigeria and the recent closure of the country’s borders by the Federal government has exposed the huge gap in rice production that exists in the country.

Prices of rice almost doubled as a result of high demand of the product plus the inability of the current producers to meet up with the growing demand.

As it stands, the current producers of good quality rice in the country cannot even meet up to 50% of the current demand. This is the reason why the market is flooded with poorly produced and low quality rice and those that produce good quality rice are doing shakara to buyers.

With less than 10 million naira, you can get started with small a rice milling plant that has the capacity to process 10 tons of rice per day.

Average profit per ton is N40,000. So if you can process 100 tons per month, you will be making a gross profit of 4 million naira monthly.


PS.

I can prepare a Bankable business plan for you on bottled water production or any other business at a discounted price of N10,000 only.

The business plan is ideal for existing or aspiring entrepreneurs who want to maximize their chances at securing a loan or investment.

The plan will have:

* 3 years production forcast

* 3 years sales forecast

* 3 years gross profit forecast

* 3 years OPEX forecast

* Net profit analysis

* Customer segmentation

Etc

Reach out via WhatsApp: 09022106607

Stillthebest:
Anyone who has #30 million and still seeks business advice in nairaland surely has not even #5 million. Simple!

Satisfier:
Please i need ideas from entrepreneurs, business minded men and women. Please what kind of company can I start in Abuja with 30million naira? I want a lifetime company that can make billions in the future, something stable and likely to become an empire with good management. No jokes or childish comments please. Thank you

vexing:

Do you know what 10 ton is? Can you mill/producce 10 tons of rice daily with a N10 million investment?

Satisfier:
Please i need ideas from entrepreneurs, business minded men and women. Please what kind of company can I start in Abuja with 30million naira? I want a lifetime company that can make billions in the future, something stable and likely to become an empire with good management. No jokes or childish comments please. Thank you

Satisfier:


What more can I say..Thanks for ideas

TheSparrow:


10tons = 10,000kg = 200 bags of 50kg each.

Yes, we can set up a rice milling plant that can produce 10TONS of rice per day, with less than N10 million.

Satisfier:
Please i need ideas from entrepreneurs, business minded men and women. Please what kind of company can I start in Abuja with 30million naira? I want a lifetime company that can make billions in the future, something stable and likely to become an empire with good management. No jokes or childish comments please. Thank you

ahiboilandgas:
bdc is 35m weekly allocation of 75 k dollars from cbn at 355 to sell at 359 ......or buy 3 oil tanker and make money from oil and gas logistics

TheSparrow:
Rice milling business is a very viable and profitable business to invest in. Especially now that the government is very much interested in the rice farming and processing industry.

The ban on the importation of rice into Nigeria and the recent closure of the country’s borders by the Federal government has exposed the huge gap in rice production that exists in the country.

Prices of rice almost doubled as a result of high demand of the product plus the inability of the current producers to meet up with the growing demand.

As it stands, the current producers of good quality rice in the country cannot even meet up to 50% of the current demand. This is the reason why the market is flooded with poorly produced and low quality rice and those that produce good quality rice are doing shakara to buyers.

With less than 10 million naira, you can get started with small a rice milling plant that has the capacity to process 10 tons of rice per day.

Average profit per ton is N40,000. So if you can process 100 tons per month, you will be making a gross profit of 4 million naira monthly.


PS.

I can prepare a Bankable business plan for you on bottled water production or any other business at a discounted price of N10,000 only.

The business plan is ideal for existing or aspiring entrepreneurs who want to maximize their chances at securing a loan or investment.

The plan will have:

* 3 years production forcast

* 3 years sales forecast

* 3 years gross profit forecast

* 3 years OPEX forecast

* Net profit analysis

* Customer segmentation

Etc

Reach out via WhatsApp: 09022106607

TheSparrow:


10tons = 10,000kg = 200 bags of 50kg each.

Yes, we can set up a rice milling plant that can produce 10TONS of rice per day, with less than N10 million.

Nnamz:

Between then when I made that post and now, I have invested 4 million in tbills so that puts me at 31 million you otondo. Don't go and make money. Be here doubting the money people have while your mates are making millions. Otondo!

am fine bro, thanks.
You raised a point about investing in OMO last week. Open money market.
Do you have deep knowledge about this sector? I am thinking of divesting into

Satisfier:
Please i need ideas from entrepreneurs, business minded men and women. Please what kind of company can I start in Abuja with 30million naira? I want a lifetime company that can make billions in the future, something stable and likely to become an empire with good management. No jokes or childish comments please. Thank you

XAUBulls:


Great!

Hello once again @emmaodet, I had to move the convo to this NL business thread away from the NL sports thread.

Yes to your questions, I'm not an investor in the OMO (Open Money Market) but I did ask someone last week about (he posted on a travel section thread months back about the fact that you had closed down one of your factories) what niche or line of agribusiness your factory was into.

I too have been using NL and other resources to look at more areas of investments that have a high rate of sustainability.

This thread from 2019 that I'm typing on is one of them. You can go through it and see if you can get some legit business ideas.

On the other hand, if overhead costs in physical businesses are way too high with small profit margins (even after trying to reduce costs of production), then it is better to just be an investor in the financial markets and money markets.

I'll share some more info with you based on what your feedback to my post here is.

Cheers.

emmaodet:


Thanks for the reply.
I was into vegetable oil production and power was the major headache for shutting down.
Presently,I have the cash but my absence in the business is taking a toll on it.

I am into farming and agro storage presently and so far, the agro storage looks promising with a better yield than the farming.

I just want to divest into something else pending when I have the time for my biz because I am not always around 8 months in a year.

XAUBulls:

Right, I'm back to reply you here. (I was reading and replying to some other posts). Doing business worldwide has not been very smooth for a lot of folks because of the rise in hyperinflation majorly triggered by COVID-19 and the Russian-Ukraine War. I've fully read your post 3 times and instantly recognized some useful ideas and solutions I can share with you!

First off, for the OMO, since it's only banks and discount houses that can purchase OMO bills from the CBN, it's better to visit the NL treasury bills thread to learn more about how to invest in government bills. It just has to do with walking into a bank and letting them know you want to purchase treasury bills.

=>https://www.nairaland.com/878880/treasury-bills-nigeria

Since you are gonna be away for months, it's indeed important to have non-bricks and mortar investments that will NOT take too much of your time or incure overhead costs or production costs. So, investments in the right kind of financial markets instruments is key.


Indeed, most Millionaires and Billionaires have up to "7" streams of income. So, it is good to diversity ones income from one source to many sources. It's like having a table with 4 legs. When you lose 1 of the 4 table legs, it becomes unstable. That's the way the loss of an income source can be minimized by having up to 7 OR more sources of income at the same time. The billionaires have many divisions within there group of companies that keep generating profit margins while solving problems for a large number of people.


Second, I must commend your doggedness in starting registered businesses in Nigeria with all the policy sommersaults and inflationary trends caused by local and international factors. The value addition and processing of vegetable oil is awesome because of the huge demand in countries with large populations. I don't know if it is the processing of soya oil, sesame oil, castor oil, coconut oil or palm oil your factory was into for the domestic or international market?

All the best.

emmaodet:


Thanks for your inputs.
I have moved on over the vegetable oil production. It doesn't fit the nature of my job.
Like I said before, I am into storage now and I prefer it.
About the farming, I am still observing it if it worth my time before deciding on what to do.
About the bond thread... Yes am an avid follower of the thread and have been picking good points from it for some time now.
Thanks for your time

Satisfier:
Please i need ideas from entrepreneurs, business minded men and women. Please what kind of company can I start in Abuja with 30million naira? I want a lifetime company that can make billions in the future, something stable and likely to become an empire with good management. No jokes or childish comments please. Thank you

XAUBulls:

Great! You're welcome emmaodet, anytime.

Just a quick one, the agri storage facility you have, is it exclusively for your own use or do you offer services to third-party agribusiness folks who are involved in agro commodities arbitraging. I ask this question just in case there's gonna be a need for warehousing or storage by anyone I know down the road.

Thanks.

emmaodet:


I have my own warehouse in the north but sharing it with close friends with same goals.
Don't have intention of throwing it open to outsiders

XAUBulls:

Alright then... That's awesome.
Thanks for all the feedbacks. I'll continue to keep in touch as and when due [being that you're one of the resourceful and objective folks I've ever had convos with in my 18 years of being a veteran member of this NL discussion forum] (i.e., I have an older NL moniker here). Ese gan.

Cheers!