₦airaland Forum

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.

CodeTemplar:
The people doing the business, what are they using?

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.

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.

Shedrack777:
Firewood of 1,500 cannot fry akara of 5,000. Make Una try dey talk true

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.

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.

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.

naptu2:
The trolls are arguing against Mrs Tinubu's action not because there's anything wrong with it, but because they have to.

Every single one of their arguments is nonsense and laughable.

Due to the fact that they are arguing just for argument sake, they are saying a lot of things out of complete and total ignorance. What are the things that they are saying? I'm going to list them so that sensible people can laugh:

⚫️ Akara, corn and kulikuli

These people act as if the only thing that Mrs Tinubu said was akara, corn and kulikuli. They didn't hear about the ICT traning, they didn't hear about the scholarships, they didn't hear about the business training.

⚫️ ₦50,000

They act as if all Mrs Tinubu is giving to beneficiaries is ₦50,000. The ₦100,000 grant does not exist? The ₦150,000 grant does not exist? The ₦200,000 grant does not exist?

⚫️ It's government money

Do they do charity with government money?

Anyway, I'll address all these things tomorrow.

naturefellow:
question is, would you allow your mother to fry akara like this?

naturefellow:
you will defend absurdities till the full decline of your mental health. I hope your mum got her N50k grant as well. Keep it up!

demanuel:
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.

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.

Jozilinn:
Suffer no dey tire you
Firewood for this rainy season?

Op add umbrella or what's that shade they use in the market called to protect from sunlight and rainfall.

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.

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.

naptu2:
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

Salowise:
So the little firewood mama nkechi will use to fry akara will destroy the earth, then what will you say about SON burning tires, nafdac burning drugs, wildfire at Amazon rain forest?

naptu2:
DIVINEEVIDENCE

Willie2015



Learn! Learn! Learn!

vislabraye:
Use firewood or coal instead of buying gas cylinder... .

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?

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.

naptu2:
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:
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.

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.

Pacesetter123:
And you think charcoal or firewood is cheap nah?
I don't even know which part of the country you people are living sharr.

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.

naptu2:
thinkmoney someone has already responded to you.




That amount was not just decided on a whim. It followed research by organisations like Bank of Industry.

Read this thread.

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

And yes, some people are not arguing about the amount, they are arguing that it is bad.