₦airaland Forum

As funny as this Akara topic of remi tinubu sounds, l remember a time in a my life when l was into Akara business back in school at Covenant University.

I met the buttery guy at CU and struck a deal of daily supply with him.

I told my mum she will be making akara in large quantities for me. She agreed and her maid started making it daily. My mum's driver will deliver it to me in school.

I was making a lot of money as the Akara was sold out in a couple of hours that the buttery guy told me to increase supply.

I didn't have the capacity to increase the quantity supplied as a student back then. My mum was very supportive as she was the one fueling the car to deliver the Akara all the way from Lagos to Ota.

When l told my mum l need to increase supply, she supported me again with more raw materials. (God bless that woman for me and May her soul rest in peace).

I kept repeating the process and made huge amount of money. After about six weeks, l got tired of the business. Stupid me used the money to flex🤣. I also got a timberland boot and blackberry phone which gave me some fulfilment that the project was worth it.🤣

Now, the moral of the story is l didn't have any passion for the business. I only did it as a means to an end back then.

The hard truth is without the support of my mum, l won't have been able to embark on that little project.

1. She paid her driver for delivery.
2. She fueled the car.
3. She bought the cooking gas.
4. She paid her maid who made the Akara.
5. She even provided the raw materials when l needed to increase supply.

👆🏻now imagine if l had to incur all these expenses as a student, l won't have made any profit.

Remi Tinubu, the Audacity you have to tell graduates to go into such business is insane. In this Digital age and Infotech era. Go to china and see what they are teaching their youths

Your husband promised to create 3 million jobs, yet he has failed woefully. You said you gave grants of 2 billion and 1 billion. Why not use the money to build factories and small scale companies.

Madam, if you have nothing good to say, please just keep quiet and enter the kitchen to cook for your husband.

There are actually some jobs that looks petty but are profitable.

We like food in Nigeria, any related food business is profitable

Admin please kindly move this topic to frontpage so we can learn from other nairalanders who have done Akara, Roasted corn or Kulk Kuli business before 🤣.

Honestly Akara business is very profitable.💯

Her statement shows how shallow they think.

You cannot give what you don’t have.

The same people that call others container economy are advocating for women to sell Akara and roasted corn.

I’d rather tag along container economy.

Smartworkfx2:
Admin please kindly move this topic to frontpage so we can learn from other nairalanders who have done Akara, Roasted corn or Kulk Kuli business before 🤣.

Honestly Akara business is very profitable.💯

Does that story sound real?

In a strict and well organised school like covenant?

Op you are very wrong,it angers me when ill trained and ill equipped minds for the 21st century would look down on sone venture just because they have some paper qualifications......food business is big business all over the world,same China you keep referring to has made big business out of their local cuisines.

This same akara is what many of these so called woke graduates buy at a premium in upscale eateries and shops even in diaspora.....I see akara and koko sellers selling out within a few hours every morning enough for a mother to send her kids off to school every morning,make her esusu contribution daily and support her house old in her own way,its still far better than being jobless.......as a so called graduate it behives on you to use your intellect to upgrade the trade and operate in a more business like scale rather than unintelligently criticising everything you have no solution to.

Amotolongbo:
Does that story sound real?

Akara selling don't need a shop, not big capital. The mesuya, those who make good ones, you have no idea how much profits they are making

Amotolongbo:
Does that story sound real?

You see the kind of things people celebrate in this country? Imagine the mentality of educated Nigerian then minus the education and see what is inside the head of a semi educated Nigerian. Go further to do more subtraction for the none educated.

We are in deep trouble.

No one is talking about building the economy for the next person to benefit. Not even the president. It's all about how I got more even at the detriment of others and the economy.

Lithiumite:
Op you are very wrong,it angers me when ill trained and ill equipped minds for the 21st century would look down on sone venture just because they have some paper qualifications......food business is big business all over the world,same China you keep referring to has made big business out of their local cuisines.

This same akara is what many of these so called woke graduates buy at a premium in upscale eateries and shops even in diaspora.....I see akara and koko sellers selling out within a few hours every morning enough for a mother to send her kids off to school every morning,make her esusu contribution daily and support her house old in her own way,its still far better than being jobless.......as a so called graduate it behives on you to use your intellect to upgrade the trade and operate in a more business like scale rather than unintelligently criticising everything you have no solution to.

Please try to space out your sentences properly so we can read it very well.

Back to the subject matter
Have you asked yourself how profitable akara, kulikuli or roasted corn is?
Everything is expensive from the gas, shop or space, groundnut oil and other things to use.

It is not all about all this Queen’s English you are dishing out and you instantly marred everything by putting China in the conversation lol….I rest my case

Ai slop, who in their right senses buys Cold Akara.

henrybomb:
Please try to space out your sentences properly so we can read it very well.

Back to the subject matter
Have you asked yourself how profitable akara, kulikuli or roasted corn is?
Everything is expensive from the gas, shop or space, groundnut oil and other things to use.

It is not all about all this Queen’s English you are dishing out and you instantly marred everything by putting China in the conversation lol….I rest my case

For you to be able to deduce from and infer on my post shows your obvious cognitive capacity which I must be honest, I acknowledge!!

Every business is out to make a profit,same akara sold for 100naira in the street corners is sold 1k in some place and still gets sold out......you would have made more sense if you had advocated for financial empowerment for anyone who might be interested rather than condemning the whole idea outright, thats quite iresponsible and downright intolerable.....you might be equipped for other skills and opportunities but there are millions of others out there who don't have any skill to attract prerequisite value for the 21st century even amongst the so called graduates you are inferring,but they still have to get by somehow.

Of all first ladies this country has had, Remi Tinubu is the most useless and tone deaf of them all. She said she donated 2 billion naira. What legitimate business has she ever done in her life to make such money? The thieves amongst us and pilferers of our common purse have the audacity to say they are 'empowering' us out of monies they stole.
In this time and age, frying akara and roasting corn is what an empty airhead of a first lady is suggesting as solutions to unemployment.

Amotolongbo:
Does that story sound real?

In a strict and well organised school like covenant?

Very real my brother. The lectures we got from EDS and TMC awakened the business side of most students.

Many CU students were into entrepreneurship as students. I used to sell shoes and Tshirts back in school. Shoes l got for 3k at CMS, l will sell for 10k in school.

Many students both male and female sold.
Clothes
Shoes
Bags
Laptops
Gadgets
Food items.
Shirts.
Boxers.
Perfumes.
Watches.
Etc

One of my friends even operated a cybercafe in his room. typing and printing plus graphic design centre n his room.

Someone used to supply a product we called GASUPA to the buttery back then. It was a combination of Garri, Sugar and Epa(groundnut).
The guy packaged them n a satchet with separate slots and supplied to the buttery.

Ask any CU graduate that was in CU between 2002 and 2008. They will know the GASUPA product.

I know of a woman in Benin,Edo state who bought land and built 2 units of 3 bedroom flats through akara business .But First Lady of Nigeria making that statement does not bring lasting solution to the present economic hardship. The roasting of corn business is seasonal after a little time the corn will go.

Some of you making comments didn't even read the whole story l narrated. Read my post carefully to the last sentence to fully understand my point of view.

I am not supporting what the first lady said. I am only exposing how difficult it is to make profit from this busines considering the operational cost plus logistics.

I could only do the Akara business back then because my sweet mum supported me. Also because l had a large market in a private university with rich students.

How much is Akara in your area now. It is N50 and N100 near my office in lagos depending on size.

One mumu Tinubu loyalist said it can be repackaged and sold for N1000. Very weird set of people

Note that this same akara was N10 and N20 when tinubu became president in May 2023. Beans of N900 is now over 5k. Oil of N300 is now over N1500. Cooking gas of N400 per kg is now over N1700. All within the space of three years.

Smartworkfx2:
Very real my brother. The lectures we got from EDS and TMC awakened the business side of most students.

Many CU students were into entrepreneurship as students. I used to sell shoes and Tshirts back in school. Shoes l got for 3k at CMS, l will sell for 10k in school.

Many students both male and female sold.
Clothes
Shoes
Bags
Laptops
Gadgets
Food items.
Shirts.
Boxers.
Watches.
Etc

One of my friends even operated a cybercafe in his room. typing and printing plus graphic design centre n his room.

Someone used to supply a product we called GASUPA to the buttery back then. It was a combination of Garri, Sugar and Epa(groundnut).
The guy packaged them n a satchet with separate slots and supplied to the buttery.

Ask any CU graduate that was in CU between 2002 and 2008. They will know the GASUPA product.

Now this is another business idea you can start and succeed in. GASUPA.

Seived garri.
Dangote Sugar.
Clean groundnut
Repackage it in sachets

Do your marketing research.
Leverage on social media.
Network with people in your church or mosque.

As long as people eat, there will always be a market for food business.

You will excel and succeed

Lithiumite:
For you to be able to deduce from and infer on my post shows your obvious cognitive capacity which I must be honest, I acknowledge!!

Every business is out to make a profit,same akara sold for 100naira in the street corners is sold 1k in some place and still gets sold out......you would have made more sense if you had advocated for financial empowerment for anyone who might be interested rather than condemning the whole idea outright, thats quite iresponsible and downright intolerable.....you might be equipped for other skills and opportunities but there are millions of others out there who don't have any skill to attract prerequisite value for the 21st century even amongst the so called graduates you are inferring,but they still have to get by somehow.

u fit drop this pay per post business and focus on akara. Tell tinubu to roll out the beans

Osiris12:
u fit drop this pay per post business and focus on akara. Tell tinubu to roll out the beans

I can gladly go into the akara or kuli kuli business if the incentive is attractive enough to me and I am sure you also will rather than you deceiving yourself.

Lithiumite:
I can gladly go into the akara or kuli kuli business if the incentive is attractive enough to me and I am sure you also will rather than you deceiving yourself.

please go into Akara business. I will gladly buy from you .
No where on the world where akara Dey go for 1k sha

Sheuns:
Her statement shows how shallow they think.

You cannot give what you don’t have.

The same people that call others container economy are advocating for women to sell Akara and roasted corn.

I’d rather tag along container economy.

It's only uneducated and fools they can deceive.

This container economy is the Micro, Small, and Medium Enterprises (MSMEs). The MSMEs account for between 55-70% of the economy health of developed nation.

These people do not understand how to run a nation. Since 2015 they came onboard the economy has been on steady decline.

There is no way Mrs Tinubu's N50K grant to women at the grassroot for Akara business can be reasonably defended or justified except you don't know the vast potentials at the presidential level of government. By the time the presidency is proposing this, what then should local government offer the same people? Mind you, this was the same Mrs Tinubu that donated brand new cars worth millions of naira to political woman in non-APC controlled states but now thinks a N50K Akara business can lift people out of the poverty her husband's government has amplified in the country. What can N50K do in the Nigeria of today? What an insult!

Lithiumite:
For you to be able to deduce from and infer on my post shows your obvious cognitive capacity which I must be honest, I acknowledge!!

Every business is out to make a profit,same akara sold for 100naira in the street corners is sold 1k in some place and still gets sold out......you would have made more sense if you had advocated for financial empowerment for anyone who might be interested rather than condemning the whole idea outright, thats quite iresponsible and downright intolerable.....you might be equipped for other skills and opportunities but there are millions of others out there who don't have any skill to attract prerequisite value for the 21st century even amongst the so called graduates you are inferring,but they still have to get by somehow.

Start the business and come back here for testimony.

All this tenses and amazing English is just on paper..the reality is out there you are so out of touch and obviously unrealistic.

Osiris12:
please go into Akara business. I will gladly buy from you .
No where on the world where akara Dey go for 1k sha

He is not smart as he thinks
1k for akara He is obviously a jester

Lithiumite:
Op you are very wrong,it angers me when ill trained and ill equipped minds for the 21st century would look down on sone venture just because they have some paper qualifications......food business is big business all over the world,same China you keep referring to has made big business out of their local cuisines.

This same akara is what many of these so called woke graduates buy at a premium in upscale eateries and shops even in diaspora.....I see akara and koko sellers selling out within a few hours every morning enough for a mother to send her kids off to school every morning,make her esusu contribution daily and support her house old in her own way,its still far better than being jobless.......as a so called graduate it behives on you to use your intellect to upgrade the trade and operate in a more business like scale rather than unintelligently criticising everything you have no solution to.

where are you trying to head?? You're just saying words just for nothing

henrybomb:
Start the business and come back here for testimony.

All this tenses and amazing English is just on paper..the reality is out there you are so out of touch and obviously unrealistic.

I dont need to ad i am already gainfully engaged in other endeavours but if i see a strong business case being made for this,imagine will probably be interested.
There are millions of households in the trade and they are getting by,sending kids to university and not begging.

Lithiumite:
I dont need to ad i am already gainfully engaged in other endeavours but if i see a strong business case being made for this,imagine will probably be interested.
There are millions of households in the trade and they are getting by,sending kids to university and not begging.

Ok
Once you start your akara business please sell 1k each and see how people will flood your space or shop continuously lol

Picture one = Akara sold for N100 in surulere area of Lagos.

Its cheaper in some other locarions in Lagos and sold for N50.

Picrure two = 7 pieces of Akara sold for N27k at an eatery in LEKKI.

May be Remi Tinubu or Seyi Tinubu owns that eatery. Very weird set or people.

There was a day I posted a comment on this forum about a lady in my street who makes more than 200k everyday on akara. Some people thought I was throwing lamba.
👇
https://www.nairaland.com/8686239/there-product-one-sell-9ja#139642747

Your mother, who has a driver, absorbed or subsidised about 60% of the cost of your business...

Will the government also subsidise 60% of the akara business?

You embarked into it out of your own volition and you identified an opportunity not because you were hungry and the source of your hunger and suffering is telling you to fry akara

Tell us amount you used in eye treatment after your akara journey, the said woman can't even do so, this big men wives have maid things for them from akara to moimoi, let remi tell us last time she fried akara for titi

Lithiumite:
I dont need to ad i am already gainfully engaged in other endeavours but if i see a strong business case being made for this,imagine will probably be interested.
There are millions of households in the trade and they are getting by,sending kids to university and not begging.

Millions of household in akara trade send their kids to universities? What do we need nelfund for then? You see how you keep confusing yourselves in a bid to defend everything
Why don't you tell people your gainful endeavours for them to also get involved in and then you can take up the akara challenge instead of going about asking for incentives and business case for akara business. You don't want to be like Dangote ni?

Smartworkfx2:
As funny as this Akara topic of remi tinubu sounds, l remember a time in a my life when l was into Akara business back in school at Covenant University.

I met the buttery guy at CU and struck a deal of daily supply with him.

I told my mum she will be making akara in large quantities for me. She agreed and her maid started making it daily. My mum's driver will deliver it to me in school.

I was making a lot of money as the Akara was sold out in a couple of hours that the buttery guy told me to increase supply.

I didn't have the capacity to increase the quantity supplied as a student back then. My mum was very supportive as she was the one fueling the car to deliver the Akara all the way from Lagos to Ota.

When l told my mum l need to increase supply, she supported me again with more raw materials. (God bless that woman for me and May her soul rest in peace).

I kept repeating the process and made huge amount of money. After about six weeks, l got tired of the business. Stupid me used the money to flex🤣. I also got a timberland boot and blackberry phone which gave me some fulfilment that the project was worth it.🤣

Now, the moral of the story is l didn't have any passion for the business. I only did it as a means to an end back then.

The hard truth is without the support of my mum, l won't have been able to embark on that little project.

1. She paid her driver for delivery.
2. She fueled the car.
3. She bought the cooking gas.
4. She paid her maid who made the Akara.
5. She even provided the raw materials when l needed to increase supply.

👆🏻now imagine if l had to incur all these expenses as a student, l won't have made any profit.

Remi Tinubu, the Audacity you have to tell graduates to go into such business is insane. In this Digital age and Infotech era. Go to china and see what they are teaching their youths

Your husband promised to create 3 million jobs, yet he has failed woefully. You said you gave grants of 2 billion and 1 billion. Why not use the money to build factories and small scale companies.

Madam, if you have nothing good to say, please just keep quiet and enter the kitchen to cook for your husband.

You can't be certain you made a profit when you don't have your full cost of production. Profit is attained when the removal of production price from revenue leaves a net positive. I think you were just engaging in a business but not really running it.