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If You Are Given N10million Today, What Business In Nigeria Will You Invest In? - Business (13) - Nairaland

Nairaland Forum / Nairaland / General / Business / If You Are Given N10million Today, What Business In Nigeria Will You Invest In? (25027 Views)

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Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Theophinio(m): 4:21pm On Oct 16, 2022
Omawumi17:

I stay here in ibadan and the demand and cost of food stuffs is incredibly here... I buy foodstuff from my hometown in osun state and sell at 100% profit. I also have a cousin that travel to the north to buy grains, groundnt, kuli kuli etc that i can partner with.

Nice concept

Do you supply your agro commodities to market women
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Theophinio(m): 7:22pm On Oct 16, 2022
kayyzz:
10Million is even too much. With just about 2.5 million, I will improve on this business I run currently by reducing the number of partners.
I supply cassava, and grains to companies that use them as raw material. I buy from the farmers in bags (grains) and sell to the companies in kilograms.

Boss

Are you still in this line of business
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Theophinio(m): 7:38pm On Oct 16, 2022
WisemasterBizWd:
Storage business
I will purchase soybean @ 130per modu (
100modus is equal 1bag that 13000

100bags @ 13000 equals 1.3m

In four months(Feb-may) I will sale @ 200 per modu by May.

100bags will be sold @ N20000 per bag that 2m
That roughly 50% In four months.

Note: the price may rise as high as 300 to 350


Compounding: I can reinvest the whole 2m in another storage biz

Palm oil for four months again

May/June to Sept .

Great idea

How do you market it
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by healthconcerns(m): 9:16pm On Oct 16, 2022
Grow my ecommerce retail marketplace for a developing the desired health goals many seek for, with rich knowledge and services.

Building a workforce of a minimum of 12 staff's, working both in-house and remotely in reaching out to the global world. As we attract huge shoppers from over 220 territories and communities too

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