₦airaland Forum

CodeTemplar:
Firewood 1,500
Oil 10,000
Bean 5,000
Ingredients 5000

It can Oga.
Where the wackness comes in is thinking about such when we are exporting raw materials to pay loans that have been wasted n looted.

Lol, for your mind, wetin you write up there make sense. So #21500 is enough to start akara business? Keep defending, I no want stingy with update, 50k should be enough to set up two akara base based on this your wuruwuru quotation.So by December Lamborghini money suppose complete.

Thank you . This evil insensitive govt is far from reality masses are going through

lamentor78:
Even Obi himself knows is audio acheivement you posted up here

The floor is open proof him wrong or me.

U know it is true sir

Ground rent is missing. You can't do business without an address. Add like 30k for ground rent per annum

If you need less than 100k and someone gifted you 50k, then they have helped you a lot.

Then you did not put miscellaneous expenses. It should be at least 20k

I don't think it will be a big deal to sell 20k akara in a semi busy place in one day and more than half of the sales will be profit before any overhead

You forgot to add that the same first lady was reported to have gifted SUVs to some of her party members recently. Imagine doing that while encouraging citizens to fry akara and at a time when the government is heavily borrowing and innocent citizens including children are in various kidnappers" dens.God help us in this country

CodeTemplar:
Firewood 1,500
Oil 10,000
Bean 5,000
Ingredients 5000

It can Oga.
Where the wackness comes in is thinking about such when we are exporting raw materials to pay loans that have been wasted n looted.

Authority1o1:
The debate as to whether the ₦50,000 empowerment made by Remi Tinubu, Nigeria's First Lady, is simply based on a realistic economic calculation and the acknowledgement of the existence of lower class will not end if a breakdown is not given.

So, what can such an amount afford for someone who wants to really go into akara business?

Here is a breakdown:

1. Gas cylinder (3kg): ₦25,000
2. Cooking gas (3kg): ₦1900 × 3 = ₦5700
3. 1 painter of white beans (depending on the location): approximately ₦5000
4. Groundnut oil (2 litres): approximately ₦4500
5. Medium-size frying pan: ₦11,000
6. Utensils and containers: ₦10,000
7. Ingredients (pepper, salt, Maggi etc): ₦2000
8. Beans grinding cost: say ₦500 per round.

TOTAL: ₦63,700

VERDICT: Even for low income earners, ₦50,000 is insufficient to start akara business.

Your figures are not accurate. Maybe you went to get the prices of these items from high end supermarkets.

As an example Brand new 3kg cylinder is actually ranging from 18k to 24k. And an akara seller will not buy brand new

Cooking gas in Lagos has fortunately come down and is now 1500 to 1600.

You will get litres cooking oil at bokku at below 4500

Frying pan, utensils can all be bought second hand

What you have done is sit in an office and run the sheltered I cannot go into the market survey cost

Authority1o1:
The debate as to whether the ₦50,000 empowerment made by Remi Tinubu, Nigeria's First Lady, is simply based on a realistic economic calculation and the acknowledgement of the existence of lower class will not end if a breakdown is not given.

So, what can such an amount afford for someone who wants to really go into akara business?

Here is a breakdown:

1. Gas cylinder (3kg): ₦25,000
2. Cooking gas (3kg): ₦1900 × 3 = ₦5700
3. 1 painter of white beans (depending on the location): approximately ₦5000
4. Groundnut oil (2 litres): approximately ₦4500
5. Medium-size frying pan: ₦11,000
6. Utensils and containers: ₦10,000
7. Ingredients (pepper, salt, Maggi etc): ₦2000
8. Beans grinding cost: say ₦500 per round.

TOTAL: ₦63,700

VERDICT: Even for low income earners, ₦50,000 is insufficient to start akara business.

Good Analysis On Akara - Akamu Start-up Businesses.
Then,we need to Show Senator Remi Tinubu: •that the best Initial -Capital, even for Small Businesses like Akara - is nothing less than N150,000- because of Other cost on Logistics.
•1st,let the Presidency -Begins To Offer Cash - Back - To Nigerians , Who Are desirous of Doing this Business from Now.
• 2ndly,It is a Way to Allow Nigerians to Have the tastes of Subsidies Removal - by Allowing the MASSES to Benefit - from the Oil Sales.
• 3rdly,by Nigerians Abilities to Succeed in a very tight environment,We can still get Something Done For the Masses!

naptu2:
Total and complete nonsense.

Every one of us have seen it before. Even those who have not seen it face to face have seen it before.

Politicians go there to eat every election season, in order to identify with the people and the photos and videos are everywhere. Everybody knows this.

That's why I don't take the people that talk about gas cylinder and paid place and bag of beans seriously. They are not serious people so they shouldn't be taken seriously.

Just like the people that talk about government money. Those ones will entertain me tomorrow.

Look below, do you see any gas cylinder or paid place or bag of beans? These people are just entertainers and their only purpose is to entertain me.

I hope u can sit down and read what u just write
Tomorrow d same government will send KAI or relevant authority to clear street trading
Common let be realistic we are more than dis
Oshomule remember go and kill your self to dat woman in Benin

Who uses gas to fry commercial akara

Authority1o1:
The debate as to whether the ₦50,000 empowerment made by Remi Tinubu, Nigeria's First Lady, is simply based on a realistic economic calculation and the acknowledgement of the existence of lower class will not end if a breakdown is not given.

So, what can such an amount afford for someone who wants to really go into akara business?

Here is a breakdown:

1. Gas cylinder (3kg): ₦25,000
2. Cooking gas (3kg): ₦1900 × 3 = ₦5700
3. 1 painter of white beans (depending on the location): approximately ₦5000
4. Groundnut oil (2 litres): approximately ₦4500
5. Medium-size frying pan: ₦11,000
6. Utensils and containers: ₦10,000
7. Ingredients (pepper, salt, Maggi etc): ₦2000
8. Beans grinding cost: say ₦500 per round.

TOTAL: ₦63,700

VERDICT: Even for low income earners, ₦50,000 is insufficient to start akara business.

flokii:
I feel Nigerians took the First lady's comments out of context and we know those behind it.. they hate anything Yoruba and will go any length to slander the President.

We shouldn't forget that not everyone is skilled (graduate), some are semi-skilled while others are unskilled workers. I feel the First lady's comment was for the unskilled to make a living for themselves.

That's a potential value chain with great prospect.. beans farming, processing and grinding of beans, those who make the akara and those who make kulikuli (has potential for export).
Our people have become too foolish and we just hurry to criticize any thing.

What about the skilled and semi skilled, is there no place for them in the first ladies utopia?

If the first lady wants to help, she should add inflation and miscellaneous expenses, Nigeria is unpredictable for businesses right now, so she should start with a grant of 500,000k

And after all the argument I hope this akara phenom will be able to fund the loan repayments they are collecting left and right to build their concrete roads.

That is the vision your government has for you.
Madam is proposing thrift, Oga is not even talking about job creation anymore.

The people are saying just fight Inflation and we will take care of ourselves. You don't need to tell us what to do to survive.

Authority1o1:
The debate as to whether the ₦50,000 empowerment made by Remi Tinubu, Nigeria's First Lady, is simply based on a realistic economic calculation and the acknowledgement of the existence of lower class will not end if a breakdown is not given.

So, what can such an amount afford for someone who wants to really go into akara business?

Here is a breakdown:

1. Gas cylinder (3kg): ₦25,000
2. Cooking gas (3kg): ₦1900 × 3 = ₦5700
3. 1 painter of white beans (depending on the location): approximately ₦5000
4. Groundnut oil (2 litres): approximately ₦4500
5. Medium-size frying pan: ₦11,000
6. Utensils and containers: ₦10,000
7. Ingredients (pepper, salt, Maggi etc): ₦2000
8. Beans grinding cost: say ₦500 per round.

TOTAL: ₦63,700

VERDICT: Even for low income earners, ₦50,000 is insufficient to start akara business.

50 plus what you have before should be enough.
Must you start with cylinder what if they already have cylinder.
It is grant not start up fund
Na she born you
If she decide not to do it which offence did she commit
Or who told you the 50k was tax payers money

CodeTemplar:
Firewood 1,500
Oil 10,000
Bean 5,000
Ingredients 5000

It can Oga.
Where the wackness comes in is thinking about such when we are exporting raw materials to pay loans that have been wasted n looted.

Why fly no go support shit? Your sense no tell you say you go buy pot, buy space or rent shop self and other things. You think say na bobo? Go do am if e easy. Especially, BAT agbero wey don full road.

CodeTemplar:
Firewood 1,500
Oil 10,000
Bean 5,000
Ingredients 5000

It can Oga.
Where the wackness comes in is thinking about such when we are exporting raw materials to pay loans that have been wasted n looted.

Are you not using fry pan, spoon and table then you will pay for space.

CodeTemplar:
Firewood 1,500
Oil 10,000
Bean 5,000
Ingredients 5000

It can Oga.
Where the wackness comes in is thinking about such when we are exporting raw materials to pay loans that have been wasted n looted.

Tripod?
Stool?
Strainer?
Pot?
Long spoon?
Tray?
Display table?
Mortar and pestle?
Etc

How many cups of beans will N5k get you?

Stop feeling funky.

naptu2:
Total and complete nonsense.

Every one of us have seen it before. Even those who have not seen it face to face have seen it before.

Politicians go there to eat every election season, in order to identify with the people and the photos and videos are everywhere. Everybody knows this.

That's why I don't take the people that talk about gas cylinder and paid place and bag of beans seriously. They are not serious people so they shouldn't be taken seriously.

Just like the people that talk about government money. Those ones will entertain me tomorrow.

Look below, do you see any gas cylinder or paid place or bag of beans? These people are just entertainers and their only purpose is to entertain me.

You sabi wetin be 'matching ground' fee?

Some of you have never sold anything in your life before and should shut the hell up.

Telltruth123:
Are you not using fry pan, spoon and table then you will pay for space.

start with household ones or rent those, besides, there is still like 20k balance left in that breakdown.

Teeroyzimma:
oya show us evidence where she mention ICT and business training 🙄

You are one of the people that ran away from the other thread.

Oya, I challenge you, go to this thread, read the contents and try and use your brain to reply.

Oluremi Tinubu And Akara: Details Of The Renewed Hope Initiative (RHI)
https://www.nairaland.com/8699909/oluremi-tinubu-akara-details-renewed

Here's a role call of people that need serious help. These people have never seen poverty before and do not want anyone to do anything to assist anyone in poverty.

All of them ran away from this thread were the issues are being discussed.

All of them quoted me and all they had to contribute were:



1) insults.

2) attempts to derail the thread.

3) Weird accusations

4) Attempts to bully.

Do you honestly believe that such nonsense can work with me?

They all ran away from this thread were the issues were discussed, in fact, I don't think they have the brain power to understand it.

Oluremi Tinubu And Akara: Details Of The Renewed Hope Initiative (RHI)
https://www.nairaland.com/8699909/oluremi-tinubu-akara-details-renewed



DIVINEEVIDENCE



neonly


Willie2015

ntyce


I dare all of you to use your brains and make sensible contributions.

Time to open the block list again.

People just lose their minds and can't reason properly, just because of politics.

Authority1o1:
The debate as to whether the ₦50,000 empowerment made by Remi Tinubu, Nigeria's First Lady, is simply based on a realistic economic calculation and the acknowledgement of the existence of lower class will not end if a breakdown is not given.

So, what can such an amount afford for someone who wants to really go into akara business?

Here is a breakdown:

1. Gas cylinder (3kg): ₦25,000
2. Cooking gas (3kg): ₦1900 × 3 = ₦5700
3. 1 painter of white beans (depending on the location): approximately ₦5000
4. Groundnut oil (2 litres): approximately ₦4500
5. Medium-size frying pan: ₦11,000
6. Utensils and containers: ₦10,000
7. Ingredients (pepper, salt, Maggi etc): ₦2000
8. Beans grinding cost: say ₦500 per round.

TOTAL: ₦63,700

VERDICT: Even for low income earners, ₦50,000 is insufficient to start akara business.

Those data boys will tell you "must you use gas?"

Anyone that writes gas cooker and gas cylinder as part of requirements for selling akara will never be taken seriously by sensible people.

No amount of propaganda can change that.

I'm going to keep bringing up this issue in the days, months and years to come. The trolls will try to run away from it, but I'll make sure that they don't succeed.

Well done for this breakdown.

For as low as N20,000 I can build for you a complete financial model from these figures in excel spreadsheet with charts & graphs.
The financial model will include;
-Income statement (profit/loss statement)
-Cashflow statement
-Balance sheet

The model will have Best case scenario, Base case scenario, & worst case scenario.

If you are interested in taking up this akara business or you need a financial model for another business, please reach out to me.

Authority1o1:
The debate as to whether the ₦50,000 empowerment made by Remi Tinubu, Nigeria's First Lady, is simply based on a realistic economic calculation and the acknowledgement of the existence of lower class will not end if a breakdown is not given.

So, what can such an amount afford for someone who wants to really go into akara business?

Here is a breakdown:

1. Gas cylinder (3kg): ₦25,000
2. Cooking gas (3kg): ₦1900 × 3 = ₦5700
3. 1 painter of white beans (depending on the location): approximately ₦5000
4. Groundnut oil (2 litres): approximately ₦4500
5. Medium-size frying pan: ₦11,000
6. Utensils and containers: ₦10,000
7. Ingredients (pepper, salt, Maggi etc): ₦2000
8. Beans grinding cost: say ₦500 per round.

TOTAL: ₦63,700

VERDICT: Even for low income earners, ₦50,000 is insufficient to start akara business.

9jatriot:
This your list here is why many Nigerian graduates cannot successfully run a business.

You give them money to start a business, they go and rent an expensive office, furnish it, and waste money on frivolities without as much as one customer or purchase order. Then they start shouting that they did not get government support.

Before you start any business, try and meet those who already do the business. Tell me, except you are in an upscale of town, where have you seen akara sellers using gas cylinders?

May God bless you forever and ever.

Learn! Learn! Learn!

Don't let the politicians that are using you as thugs lead you astray.

This is practical experience.

She started with 500 naira and used the moi moi business to send her children to university.

Through my moin-moin business here in Ilorin, I have been able to build a house, buy a car, pay my employees, and sponsor all my children through university. — Iya Ibeji Oni Moinmoin, speaking during an interview with BBC Yoruba. pic.twitter.com/ViYsJb8zFO

— Inside Ilorin NG 🇳🇬 (@InsideIlorin_NG) June 28, 2026

DIVINEEVIDENCE



neonly


Willie2015

ntyce

Learn! Learn! Learn!

Don't let the politicians that are using you as thugs lead you astray.

This is practical experience.

She started with 500 naira and used the moi moi business to send her children to university.

Through my moin-moin business here in Ilorin, I have been able to build a house, buy a car, pay my employees, and sponsor all my children through university. — Iya Ibeji Oni Moinmoin, speaking during an interview with BBC Yoruba. pic.twitter.com/ViYsJb8zFO

— Inside Ilorin NG 🇳🇬 (@InsideIlorin_NG) June 28, 2026

naptu2:
Total and complete nonsense.

Every one of us have seen it before. Even those who have not seen it face to face have seen it before.

Politicians go there to eat every election season, in order to identify with the people and the photos and videos are everywhere. Everybody knows this.

That's why I don't take the people that talk about gas cylinder and paid place and bag of beans seriously. They are not serious people so they shouldn't be taken seriously.

Just like the people that talk about government money. Those ones will entertain me tomorrow.

Look below, do you see any gas cylinder or paid place or bag of beans? These people are just entertainers and their only purpose is to entertain me.

My brother, will the oil, utensils and frying pan be stolen?

thinkmoney:
My brother, will the oil, utensils and frying pan be stolen?

And it hasn't been stolen since the 1970s?? I made this post yesterday.

LADIES AND GENTLEMEN, LET ME MAKE YOU LAUGH VERY WELL.

I grew up in South-West Ikoyi in the 1970s, '80s and early 1990s. What is South-West Ikoyi known for?

Barracks!

You had Falomo Police Barracks on Bourdillon Road, you had Giwa Barracks on Kingsway Road, you had Prison Barracks on Awolowo Road and Ribadu Road, you had Police Mounted Troop Barracks on Ribadu Road, you had Police Dog Section Barracks on Keffi Street, you had Mopol 2 and Dodan Barracks also on Keffi Street and you had Women's Police Barracks and Obalende Police Barracks both on St Gregory's College Road.

What is the significance of these barracks?


Almost all the wives of the personnel that lived in these barracks sold akara, dodo and yam.

Furthermore, I have told you many times about the road that does not sleep. There is a road that cuts through Obalende and that road is the headquarters of street food in Lagos. It has been that way for generations.

That road is the headquarters of suya, akara, dodo and yam in Lagos. You can buy akara, dodo and yam at 3pm in the afternoon on that street and you can buy suya, akara, dodo and yam at 3am on that street.

I was addicted to akara, dodo and yam in the 1970s, '80s and '90s. It was my tea-time food. My mum often reminded me of a night when I insisted that I must eat akara, dodo and yam, but something happened and there was none around and they sent people all over to look for it and by the time they found it (far away on Greg's Road) and brought it back, I had slept off.

I knew virtually all the women that sold akara, dodo and yam across South-West Ikoyi, from the ones at Falomo Roundabout, to the ones on Awolowo Road (outside Prison), to the ones on Keffi Street, the ones on the road that never sleeps and in fact, I have gone as far as Ijeh Barracks in search of akara, dodo and yam.

Then some people on Nairaland are trying to tell me that cooking gas is a requirement for selling akara, dodo and yam.

CAN YOU IMAGINE THAT NONSENSE?

What's needed to sell akara, dodo and yam are:

A bowl

A large frying pan

A tray

Firewood

Kerosene

(The bowl is for the ground beans mixture).

Why hasn't this woman's moi moi been stolen?

She built a house, bought a car and sent her children to university from the proceeds of her moi moi business which she started with 500 naira.

Through my moin-moin business here in Ilorin, I have been able to build a house, buy a car, pay my employees, and sponsor all my children through university. — Iya Ibeji Oni Moinmoin, speaking during an interview with BBC Yoruba. pic.twitter.com/ViYsJb8zFO

— Inside Ilorin NG 🇳🇬 (@InsideIlorin_NG) June 28, 2026

Authority1o1:
The debate as to whether the ₦50,000 empowerment made by Remi Tinubu, Nigeria's First Lady, is simply based on a realistic economic calculation and the acknowledgement of the existence of lower class will not end if a breakdown is not given.

So, what can such an amount afford for someone who wants to really go into akara business?

Here is a breakdown:

1. Gas cylinder (3kg): ₦25,000
2. Cooking gas (3kg): ₦1900 × 3 = ₦5700
3. 1 painter of white beans (depending on the location): approximately ₦5000
4. Groundnut oil (2 litres): approximately ₦4500
5. Medium-size frying pan: ₦11,000
6. Utensils and containers: ₦10,000
7. Ingredients (pepper, salt, Maggi etc): ₦2000
8. Beans grinding cost: say ₦500 per round.

TOTAL: ₦63,700

VERDICT: Even for low income earners, ₦50,000 is insufficient to start akara business.

Repoace gas cylinder with firewood