No matter what’s happening in the world, there’s one thing that remains constant –
“ PEOPLE NEED TO EAT ”.

And there’s a lot of money to be made from making food available for people
This article sheds light on the industry analysis, raw materials, machinery, profitability and cost of setup for 20 different food processing businesses that are guaranteed to make you LOTS OF MONEY.

BUSINESSES COVERED INCLUDE:

✔️Rice Production
✔️Cooking Oil Production
✔️Pounded Yam Flour Production
✔️Garri Production
✔️Egg Powder Production
✔️Onion Paste Production
✔️Tomato Paste Production
✔️Margarine Production
✔️and Many More which space does not permit us to list here.

Please visit the website below to read more about the businesses or get the e-book.

https://planbiz.com.ng/20-food-processing-businesses-that-will-make-you-big-money/

No matter what’s happening in the world, there’s one thing that remains constant –
“ PEOPLE NEED TO EAT ”.

And there’s a lot of money to be made from making food available for people
This article sheds light on 20 different food processing businesses that are guaranteed to make you LOTS OF MONEY.

BUSINESSES COVERED INCLUDE:

✔️Rice Production
✔️Cooking Oil Production
✔️Pounded Yam Flour Production
✔️Garri Production
✔️Egg Powder Production
✔️Onion Paste Production
✔️Tomato Paste Production
✔️Margarine Production
✔️and Many More which space does not permit us to list here.

Please visit the website below to read more about the businesses or get the e-book.
https://planbiz.com.ng/20-food-processing-businesses-that-will-make-you-big-money/

The President of the African Development Bank (AfDB), Dr. Akinwunmi Adesina, has estimated that the size of the food and agriculture market in Africa will rise to over $1 trillion by 2030.

No matter what’s happening in the world, there’s one thing that remains constant –
“ PEOPLE NEED TO EAT ”.

And there’s a lot of money to be made from making food available for people.

This article sheds light on the industry analysis, raw materials, machinery, profitability and cost of setup 20 different food processing businesses that are guaranteed to make you LOTS OF MONEY.

BUSINESSES COVERED INCLUDE:

✔️Rice Production
✔️Cooking Oil Production
✔️Pounded Yam Flour Production
✔️Garri Production
✔️Egg Powder Production
✔️Onion Paste Production
✔️Tomato Paste Production
✔️Margarine Production
✔️and Many More which space does not permit us to list here.

Please visit the website below to read more about the businesses or get the e-book.

https://planbiz.com.ng/20-food-processing-businesses-that-will-make-you-big-money/

Ibebox:
Pls nairalanders, pls I need your advise I have saved up to 5million naira of which I want to start a business with, pls your advice is highly needed thanks

1. Pure water production
2. Rice destoning, polishing and packaging.
3. High Quality Cassava Flour production
4. Raw Cassava Chips Production
5. Full Fat Soya Production

Etc.

talentarena:
Please house i need your advise, eaither buy a house, invest or relocate abroad. I am 28 years old single, run series of business at the moment but they are not stable

You Can Venture Into Bottle Water production. Read More About It Below.

There is no doubt, water is one of the most essential commodities needed for survival by all living organisms.

The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water.

The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water.

The demand for bottled water is very high because it is consumed on a daily basis, by all people of all ages, race or religion. The raw materials needed to produce bottled water is readily available in abundance in Nigeria.

Setting Up Cost

We prepared a well researched business plan that envisaged a packaged water producing plant with a production volume of 1250 packs (12 x 75cl) bottles and 4000 bags of sachet water per day.

You will need a building to set up your factory in. You will also need an industrial borehole as your water source. Cost of these depends on your location.

The machinery you need include:

Water treatment plant which consist of the following:
Reverse Osmosis System
Ozonator/Ozone Generator
Industrial Micron Filters
Industrial Ultraviolet Sterilizer
Automatic Bottling, Rinsing, Filling and Capping Machine.
Sachet Filling and Sealing Machine
Automatic Shrink Packing Machine
Semi-Automatic PET Blowing machine
Batch Number Coding Machine
Moulds

The cost of the complete set of machinery is estimated to be twenty one million, nine hundred and fifty thousand naira (N21,950,000). You will also need to budget about one million naira (N1,000,000) for installations, test-run and training for your staff.

You will also need vehicles for transporting your products to customers. It is very important to build a strong distribution channel for distributing your products to customers. The success of this business is deeply rooted in the quality of your product and your ability to reach and quickly sell to customers.

Profitability

With an average selling price of one pack of bottled water (12 x 75CL) at five hundred and fifty naira (N550) while that of a bag (20 sachets) of sachet water at seventy naira (N70), a company that is able to produce and sell 2500 packs (12 x 75cl) of bottled water and 8000 bags of sachet water weekly can turn in a gross profit of over three million naira monthly.


Wishing you all the best in your quests.

Source: https://planbiz.com.ng


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

There is no doubt, water is one of the most essential commodities needed for survival by all living organisms.

The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water.

The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water.

The demand for packaged water is very high because it is consumed on a daily basis, by all people of all ages, race or religion. The raw materials needed to produce bottled water is readily available in abundance in Nigeria.

The article on the link below sheds light on what you need to know to setup a pure water production factory.

https://planbiz.com.ng/pure-sachet-water-production-in-nigeria/

Elnesto:
Dear friends, I need someone who can help me write a comprehensive business plan.

At www.PlanBiz.com.ng , business plan is part of our expertise.

Kindly reach out via WhatsApp: 09022106607 or Email: business@planbiz.com.ng

Soybeans Farming Is a Gold Mine

Nigeria produces a wide range of agricultural commodities, amongst which are soybean, maize, rice, cowpea (beans), sorghum, guinea corn, wheat, yam, cassava, potato, etc. Apart from being used as food, many of these crops are also used as raw materials in the manufacturing industry.

Among the crops used as raw materials in the manufacturing industry is Soybean. The crop is grown in many states across Nigeria. Major Soybean producing states in the country are Kaduna, Katsina, Niger, Benue, Borno, Kebbi, Nasarawa, Kwara, Oyo, Jigawa, and Taraba State.

The cultivation of soybean has increased year over year due to the rapid growth of the livestock farming and food processing industry.

Soybean is used as a protein source in the preparation of livestock feeds especially poultry feeds. It is also used in the production of vegetable oil, baby food, drinks, etc.

Any farmer that goes into soybean farming will always smile to he bank because there is always a high demand for the crop. The demand has exceeded supply in recent time, reason why the price of the crop has now gone from about N150,000 per ton to over N300,000 per ton at the time of writing this report.

Getting Started

1. Choice of Land: The first thing to consider when going into soybean farming is to choose the right farmland. Several factors to consider in choosing this include security of farm location, soil fertility, and access to farm laborers. Any well drained sandy loam or loamy soil can be used for soybean farming.

2. Land Preparation: After getting a suitable farmland, the next step is to clear the land and prepare it for farming. This involves clearing the land of bushes, fumigating it against pests and insects, ploughing and ridging. Use any method (Mechanical, Chemical & Manual) that can adequately remove weeds and keep the soil loose for good seedbed. At this stage, you can apply a mixture of poultry manure and rice husk to the soil in order to improve the soil organic matter and the ability of the soil to retain moisture, nutrients and proper aeration.

Planting The Right Seed Variety: Choosing the right soybean seed variety will determine the yield the farm will generate. Every farming community has a variety that performs well in the area. Always go for a hybrid variety. Plant 50–70 kg of seeds per hectare so as to obtain a plant population of 444,444 plants per hectare.
Plant 3 to 4 seeds per hole at a spacing of 75 cm between rows and 10 cm between stands. Alternatively, drill seeds at 50–75 cm between rows and 5 cm within rows. For the early maturing varieties, a spacing of 50 cm between rows and 5–10 cm within rows is recommended because they respond better to narrow spacing than the late maturing varieties. Do not sow seeds more than 2–5 cm deep.

Deeper planting may result in loss of vigour or failure of seedlings to emerge. (IITA)

3. Fertilizer Application: Apply 150Kg (3 bags) of Super Phusphate (SUPA) fertilizer per hectare at planting and 100Kg (2 bags) of NPK at between 4 – 6 weeks after planting.

Weed Control:

4. Manual Weeding: Carry out the first weeding at 2 weeks after planting and the second at 5–6 weeks after planting. Avoid weeding immediately after rainfall as this would lead to transplanting the weeds. Poor hoe weeding or delay in weeding could cause significant reductions in soybean yields. (IITA)

5. Herbicide Application: Herbicides, if used properly, are safe and effective in controlling weeds in soybean. The choice, however, depends on the predominant weed species and the availability of the herbicide. Herbicides are available for pre-emergence or post-emergence weed control. If the herbicide is applied at planting, one weeding may be required at 5–6 weeks after planting. (IITA)

6. Pest Control

Several different insects occur in soybean fields but few are of any economic importance, and the species that cause damage are usually not abundant enough to make control measures necessary. In the vegetative stage, the crop is very tolerant of caterpillars but very susceptible to attacks by silverleaf whiteflies. From flowering stage onwards, soybean becomes attractive to pod-sucking bugs that can seriously reduce seed quality. Insect pests can be controlled with a single spray of Cypermethrin + Dimethoate 10 EC at the rate of 100 mL in 15 L of water.


Expected Yield of Soybeans Per Hectare

The average yield of soybean in Nigeria is 2 – 4 tons per hectare.....

Please visit the source link below to read more including the profitability analysis of Soybeans farming.

Source: https://planbiz.com.ng/soybean-farming-in-nigeria/

Soybeans Farming Is a Gold Mine

Nigeria produces a wide range of agricultural commodities, amongst which are soybean, maize, rice, cowpea (beans), sorghum, guinea corn, wheat, yam, cassava, potato, etc. Apart from being used as food, many of these crops are also used as raw materials in the manufacturing industry.

Among the crops used as raw materials in the manufacturing industry is Soybean. The crop is grown in many states across Nigeria. Major Soybean producing states in the country are Kaduna, Katsina, Niger, Benue, Borno, Kebbi, Nasarawa, Kwara, Oyo, Jigawa, and Taraba State.

The cultivation of soybean has increased year over year due to the rapid growth of the livestock farming and food processing industry.

Soybean is used as a protein source in the preparation of livestock feeds especially poultry feeds. It is also used in the production of vegetable oil, baby food, drinks, etc.

Any farmer that goes into soybean farming will always smile to he bank because there is always a high demand for the crop. The demand has exceeded supply in recent time, reason why the price of the crop has now gone from about N150,000 per ton to over N300,000 per ton at the time of writing this report.

Getting Started

1. Choice of Land: The first thing to consider when going into soybean farming is to choose the right farmland. Several factors to consider in choosing this include security of farm location, soil fertility, and access to farm laborers. Any well drained sandy loam or loamy soil can be used for soybean farming.

2. Land Preparation: After getting a suitable farmland, the next step is to clear the land and prepare it for farming. This involves clearing the land of bushes, fumigating it against pests and insects, ploughing and ridging. Use any method (Mechanical, Chemical & Manual) that can adequately remove weeds and keep the soil loose for good seedbed. At this stage, you can apply a mixture of poultry manure and rice husk to the soil in order to improve the soil organic matter and the ability of the soil to retain moisture, nutrients and proper aeration.

Planting The Right Seed Variety: Choosing the right soybean seed variety will determine the yield the farm will generate. Every farming community has a variety that performs well in the area. Always go for a hybrid variety. Plant 50–70 kg of seeds per hectare so as to obtain a plant population of 444,444 plants per hectare.
Plant 3 to 4 seeds per hole at a spacing of 75 cm between rows and 10 cm between stands. Alternatively, drill seeds at 50–75 cm between rows and 5 cm within rows. For the early maturing varieties, a spacing of 50 cm between rows and 5–10 cm within rows is recommended because they respond better to narrow spacing than the late maturing varieties. Do not sow seeds more than 2–5 cm deep.

Deeper planting may result in loss of vigour or failure of seedlings to emerge. (IITA)

3. Fertilizer Application: Apply 150Kg (3 bags) of Super Phusphate (SUPA) fertilizer per hectare at planting and 100Kg (2 bags) of NPK at between 4 – 6 weeks after planting.

Weed Control:

4. Manual Weeding: Carry out the first weeding at 2 weeks after planting and the second at 5–6 weeks after planting. Avoid weeding immediately after rainfall as this would lead to transplanting the weeds. Poor hoe weeding or delay in weeding could cause significant reductions in soybean yields. (IITA)

5. Herbicide Application: Herbicides, if used properly, are safe and effective in controlling weeds in soybean. The choice, however, depends on the predominant weed species and the availability of the herbicide. Herbicides are available for pre-emergence or post-emergence weed control. If the herbicide is applied at planting, one weeding may be required at 5–6 weeks after planting. (IITA)

6. Pest Control

Several different insects occur in soybean fields but few are of any economic importance, and the species that cause damage are usually not abundant enough to make control measures necessary. In the vegetative stage, the crop is very tolerant of caterpillars but very susceptible to attacks by silverleaf whiteflies. From flowering stage onwards, soybean becomes attractive to pod-sucking bugs that can seriously reduce seed quality. Insect pests can be controlled with a single spray of Cypermethrin + Dimethoate 10 EC at the rate of 100 mL in 15 L of water.


Expected Yield of Soybeans Per Hectare

The average yield of soybean in Nigeria is 2 – 4 tons per hectare.....

Please visit the source link below to read more including the profitability analysis of Soybeans farming.

Source: https://planbiz.com.ng/soybean-farming-in-nigeria/

Soybeans Farming Is a Gold Mine

Nigeria produces a wide range of agricultural commodities, amongst which are soybean, maize, rice, cowpea (beans), sorghum, guinea corn, wheat, yam, cassava, potato, etc. Apart from being used as food, many of these crops are also used as raw materials in the manufacturing industry.

Among the crops used as raw materials in the manufacturing industry is Soybean. The crop is grown in many states across Nigeria. Major Soybean producing states in the country are Kaduna, Katsina, Niger, Benue, Borno, Kebbi, Nasarawa, Kwara, Oyo, Jigawa, and Taraba State.

The cultivation of soybean has increased year over year due to the rapid growth of the livestock farming and food processing industry.

Soybean is used as a protein source in the preparation of livestock feeds especially poultry feeds. It is also used in the production of vegetable oil, baby food, drinks, etc.

Any farmer that goes into soybean farming will always smile to he bank because there is always a high demand for the crop. The demand has exceeded supply in recent time, reason why the price of the crop has now gone from about N150,000 per ton to over N300,000 per ton at the time of writing this report.

Getting Started

1. Choice of Land: The first thing to consider when going into soybean farming is to choose the right farmland. Several factors to consider in choosing this include security of farm location, soil fertility, and access to farm laborers. Any well drained sandy loam or loamy soil can be used for soybean farming.

2. Land Preparation: After getting a suitable farmland, the next step is to clear the land and prepare it for farming. This involves clearing the land of bushes, fumigating it against pests and insects, ploughing and ridging. Use any method (Mechanical, Chemical & Manual) that can adequately remove weeds and keep the soil loose for good seedbed. At this stage, you can apply a mixture of poultry manure and rice husk to the soil in order to improve the soil organic matter and the ability of the soil to retain moisture, nutrients and proper aeration.

Planting The Right Seed Variety: Choosing the right soybean seed variety will determine the yield the farm will generate. Every farming community has a variety that performs well in the area. Always go for a hybrid variety. Plant 50–70 kg of seeds per hectare so as to obtain a plant population of 444,444 plants per hectare.
Plant 3 to 4 seeds per hole at a spacing of 75 cm between rows and 10 cm between stands. Alternatively, drill seeds at 50–75 cm between rows and 5 cm within rows. For the early maturing varieties, a spacing of 50 cm between rows and 5–10 cm within rows is recommended because they respond better to narrow spacing than the late maturing varieties. Do not sow seeds more than 2–5 cm deep.

Deeper planting may result in loss of vigour or failure of seedlings to emerge. (IITA)

3. Fertilizer Application: Apply 150Kg (3 bags) of Super Phusphate (SUPA) fertilizer per hectare at planting and 100Kg (2 bags) of NPK at between 4 – 6 weeks after planting.

Weed Control:

4. Manual Weeding: Carry out the first weeding at 2 weeks after planting and the second at 5–6 weeks after planting. Avoid weeding immediately after rainfall as this would lead to transplanting the weeds. Poor hoe weeding or delay in weeding could cause significant reductions in soybean yields. (IITA)

5. Herbicide Application: Herbicides, if used properly, are safe and effective in controlling weeds in soybean. The choice, however, depends on the predominant weed species and the availability of the herbicide. Herbicides are available for pre-emergence or post-emergence weed control. If the herbicide is applied at planting, one weeding may be required at 5–6 weeks after planting. (IITA)

6. Pest Control

Several different insects occur in soybean fields but few are of any economic importance, and the species that cause damage are usually not abundant enough to make control measures necessary. In the vegetative stage, the crop is very tolerant of caterpillars but very susceptible to attacks by silverleaf whiteflies. From flowering stage onwards, soybean becomes attractive to pod-sucking bugs that can seriously reduce seed quality. Insect pests can be controlled with a single spray of Cypermethrin + Dimethoate 10 EC at the rate of 100 mL in 15 L of water.


Expected Yield of Soybeans Per Hectare

The average yield of soybean in Nigeria is 2 – 4 tons per hectare.....

Please visit the source link below to read more including the profitability analysis of Soybeans farming.

Source: https://planbiz.com.ng/soybean-farming-in-nigeria/

There are several businesses you can start and run profitably in Nigeria. Below are six that readily comes to mind:

1. Rice Milling

One of the best businesses one can venture into in Nigeria today is parboiled rice production (Rice Milling).

Nigerians currently consume over 5 million metric tons, which is equivalent to over 100 million 50Kg bags of rice annually. With the current population growth rate of Nigeria, the consumption of rice is estimated to reach about 35 million metric tons (700 million 50Kg bags) by the year 2050.

There is high demand for rice in Nigeria. With a population of over 180 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large and growing market for rice.

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.

New entrants into the rice milling industry that can produce good quality parboiled rice will have an evergreen market waiting to be sold to.

2. Drinking Water Production

Another good business that does very well in Nigeria is drinking water production (Bottled water and Sachet Water).


The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water.

The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water.

3. Poultry Farming

Poultry farming is yet another business that gives good returns on investment.


Poultry farming has risen to become one of the most lucrative businesses in Nigeria today. This aspect of livestock farming, if set-up and managed properly, provides legitimate continuous income for entrepreneurs within a short period of time. There are over 160 million consumers in Nigeria and over one billion in Africa. This provides a large, growing and sustainable market for poultry farmers in Nigeria, and Africa in general.

4. Pounded Yam Flour Production

Pounded yam flour is another product that you can chose the invest in its production.


Pounded yam is a popular delicacy produced from boiled yam tubers, and is consumed by many people across Africa. However, a lot of people, especially the middle class find it difficult to prepare pounded yam the traditional way which involves boiling yam, pounding it in a mortar using a piston, until it becomes a succulent dough.

The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically processed, easy to prepare and well packaged food products like yam flour.

5. Maize (Corn) Flour Production

This is another business that you can quickly setup and make good money with.

Maize can be processed into several products including Maize Flour, Maize Grits. Starch, etc.

With few producers focusing on the production of maize flour in Nigeria, there exists a large gap that needs to be filled by aspiring entrepreneurs in the country. This supply gap will continue to grow as the population of the country grows.


6. Cooking Oil Production

The production of Cooking oil, also called Vegetable oil is yet another viable business you can quickly setup and make good money in Nigeria.

The present production level of Vegetable Oil in Nigeria is yet to meet the demand of Nigerians. There is currently a ban on the importation of vegetable oil into the country. The ban was placed in other to encourage local producers to expand their operations, and new investors to go into the production of Vegetable Oil. This has made the business to be very lucrative.

Wishing you all the best in your quest.

Source: To read more details about the above businesses, Visit: https://planbiz.com.ng/five-lucrative-businesses-you-can-start-in-nigeria-today-and-make-big-money/

Note: I can prepare a business plan for you on any of the above businesses for 10k only. Reach out via Call/WhatsApp: 09022106607

Good move.

Ok. Time will probably tell.

Okoroawusa:

You are correct.
Like PDP national Secretariat

Correct

This "completed soon" has become a boring phrase.

Good one

Cool. Agriculture, if done well is a gold mine.

If you are interested in soybean farming, read this: https://www.nairaland.com/6658213/business-soybean-farming-nigeria

I can prepare a Bankable business plan for you
on soybean farming 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 forecast

* 3 years sales forecast

* 3 years gross profit forecast

* 3 years OPEX forecast

* Net profit analysis

* Customer segmentation

Etc

Reach out via Call/WhatsApp: 09022106607

I can prepare a Bankable business plan for you
on soybean farming 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 forecast

* 3 years sales forecast

* 3 years gross profit forecast

* 3 years OPEX forecast

* Net profit analysis

* Customer segmentation

Etc

Reach out via Call/WhatsApp: 09022106607

SaintUlot:


Will you feel safe disclosing your private keys in your will? If someone withdraw what you have in your wallet, you can't track the person.

I still believe that cryptocurrency investors should make a secured pathway of access for their cryptocurrency assets to at least their next of kin.

Imagine when you pour in most of your wealth in crypto, and death, the inevitable, happens, you leave behind a family, wife and kids, who do not and will never have access to that wealth.

MrBrownJay1:
if you die and nobody knows how to access your coins then you are shiit out of luck. havent you heard of Stefan Thomas, the dude who has lost his wallet access... wallet containing $321M, and there is absolutely NOTHING he can do about it.

Hmmm

Hello. I read this article and found it very enlightening. Thought to share with you��


Earlier this year, Ryan Klein had a near-death experience.

While cleaning out a gutter at his California home, the 32-year-old IT professional took a misstep and tumbled 10 feet off a ladder into a fortuitously placed wintergreen shrub.

Sprawled out on the ground, gazing up at the cerulean sky, a terrifying thought crossed his mind.

“I realized that my wife didn’t have access to my cryptocurrency,” he told The Hustle. “If I’d died that day, that money would’ve just disappeared.”

The following weekend, Klein took action: He wrote down his private keys and account passwords, typed up detailed instructions on how to access his holdings (~$77k worth of various coins), and entombed the information in a small safe in his closet.

Klein is one of a growing number of crypto investors who are beginning to give serious thought to the afterlife of their bitcoin.


If Klein had died that day, it’s likely that one of two things would’ve happened to his assets:

If he had a will, they’d be distributed to whomever he legally designated to be his successor(s).
If he didn’t have a will, a decedent (typically a spouse) would apply for probate, and then his state would’ve designated an administrator to dole them out according to a formula.

A will stipulates who gets what, but it generally doesn’t include a comprehensive list of a deceased person’s assets. It’s the job of an executor — someone designated in a will, or appointed by a court — to track everything down.

Traditional investments (say, a savings account at a bank) are relatively easy to find, access, and delegate with a death certificate and other legal documentation.

But crypto poses some unique challenges.

Unlike traditional bank accounts, which are registered under a legal name and subject to oversight, digital assets like Bitcoin and NFTs don’t have a central regulatory authority.

Crypto investors maintain their own assets using digital wallets that are only accessible via a password or a private key — a 256-bit long string of alphanumeric characters that is only known to the account holder.

Without these private keys, there is little hope of heirs ever accessing a dead loved one’s crypto holdings.

Had Klein died without sharing his private key with his wife, it’s likely his crypto holdings would’ve been stuck in permanent purgatory on the blockchain.

By one estimate, ~20% of all bitcoins are “lost,” meaning the wallets containing them haven’t been accessed in 5+ years. This works out to ~3.7m bitcoin, or ~$140B in capital (as of publication) — and that doesn’t include the 10k+ other cryptocurrencies on the market.

A significant percentage of this lost crypto is thought to be the result of investors dying without leaving behind a pathway of access to heirs.

There have been a few high-profile cases of this nightmare situation:

1. In 2018, Gerald Cotten, the CEO of the crypto exchange Quadriga, unexpectedly died at age 30, allegedly taking with him the private keys to $250m worth of his clients’ cryptocurrency.

2. Also in 2018, Mathew Mellon, a businessman who’d turned a $2m investment in the cryptocurrency Ripple into a reported $500m+, died without telling anyone where his private keys were stored. His wallets have yet to be located.

3. In 2013, a 26-year-old Bitcoin miner named Matthew Moody died in a plane crash, leaving behind no way to access thousands of dollars’ worth of crypto. Years later, his father is still trying to recover the funds.

Despite these tales, many crypto investors haven’t given much thought to the afterlife of their bitcoin.

In a survey of cryptocurrency investors conducted by The Hustle, nearly 40% of respondents reported having no plan in place to pass on their cryptocurrency to an heir.

Hello. I read this article and found it very enlightening. Thought to share with you��


Earlier this year, Ryan Klein had a near-death experience.

While cleaning out a gutter at his California home, the 32-year-old IT professional took a misstep and tumbled 10 feet off a ladder into a fortuitously placed wintergreen shrub.

Sprawled out on the ground, gazing up at the cerulean sky, a terrifying thought crossed his mind.

“I realized that my wife didn’t have access to my cryptocurrency,” he told The Hustle. “If I’d died that day, that money would’ve just disappeared.”

The following weekend, Klein took action: He wrote down his private keys and account passwords, typed up detailed instructions on how to access his holdings (~$77k worth of various coins), and entombed the information in a small safe in his closet.

Klein is one of a growing number of crypto investors who are beginning to give serious thought to the afterlife of their bitcoin.


If Klein had died that day, it’s likely that one of two things would’ve happened to his assets:

If he had a will, they’d be distributed to whomever he legally designated to be his successor(s).
If he didn’t have a will, a decedent (typically a spouse) would apply for probate, and then his state would’ve designated an administrator to dole them out according to a formula.

A will stipulates who gets what, but it generally doesn’t include a comprehensive list of a deceased person’s assets. It’s the job of an executor — someone designated in a will, or appointed by a court — to track everything down.

Traditional investments (say, a savings account at a bank) are relatively easy to find, access, and delegate with a death certificate and other legal documentation.

But crypto poses some unique challenges.

Unlike traditional bank accounts, which are registered under a legal name and subject to oversight, digital assets like Bitcoin and NFTs don’t have a central regulatory authority.

Crypto investors maintain their own assets using digital wallets that are only accessible via a password or a private key — a 256-bit long string of alphanumeric characters that is only known to the account holder.

Without these private keys, there is little hope of heirs ever accessing a dead loved one’s crypto holdings.

Had Klein died without sharing his private key with his wife, it’s likely his crypto holdings would’ve been stuck in permanent purgatory on the blockchain.

By one estimate, ~20% of all bitcoins are “lost,” meaning the wallets containing them haven’t been accessed in 5+ years. This works out to ~3.7m bitcoin, or ~$140B in capital (as of publication) — and that doesn’t include the 10k+ other cryptocurrencies on the market.

A significant percentage of this lost crypto is thought to be the result of investors dying without leaving behind a pathway of access to heirs.

There have been a few high-profile cases of this nightmare situation:

1. In 2018, Gerald Cotten, the CEO of the crypto exchange Quadriga, unexpectedly died at age 30, allegedly taking with him the private keys to $250m worth of his clients’ cryptocurrency.

2. Also in 2018, Mathew Mellon, a businessman who’d turned a $2m investment in the cryptocurrency Ripple into a reported $500m+, died without telling anyone where his private keys were stored. His wallets have yet to be located.

3. In 2013, a 26-year-old Bitcoin miner named Matthew Moody died in a plane crash, leaving behind no way to access thousands of dollars’ worth of crypto. Years later, his father is still trying to recover the funds.

Despite these tales, many crypto investors haven’t given much thought to the afterlife of their bitcoin.

In a survey of cryptocurrency investors conducted by The Hustle, nearly 40% of respondents reported having no plan in place to pass on their cryptocurrency to an heir.

ozome15:
From what time to what time of the year is good to invest in the biz

Depends on your location. The crop needs 3 to 4 months of rain through out the cultivation cycle.

Nigeria produces a wide range of agricultural commodities, amongst which are soybean, maize, rice, cowpea (beans), sorghum, guinea corn, wheat, yam, cassava, potato, etc. Apart from being used as food, many of these crops are also used as raw materials in the manufacturing industry.

Among the crops used as raw materials in the manufacturing industry is Soybean. The crop is grown in many states across Nigeria. Major Soybean producing states in the country are Kaduna, Katsina, Niger, Benue, Borno, Kebbi, Nasarawa, Kwara, Oyo, Jigawa, and Taraba State.

The cultivation of soybean has increased year over year due to the rapid growth of the livestock farming and food processing industry.

Soybean is used as a protein source in the preparation of livestock feeds especially poultry feeds. It is also used in the production of vegetable oil, baby food, drinks, etc.

Any farmer that goes into soybean farming will always smile to he bank because there is always a high demand for the crop. The demand has exceeded supply in recent time, reason why the price of the crop has now gone from about N150,000 per ton to over N300,000 per ton at the time of writing this report.

Getting Started

1. Choice of Land: The first thing to consider when going into soybean farming is to choose the right farmland. Several factors to consider in choosing this include security of farm location, soil fertility, and access to farm laborers. Any well drained sandy loam or loamy soil can be used for soybean farming.

2. Land Preparation: After getting a suitable farmland, the next step is to clear the land and prepare it for farming. This involves clearing the land of bushes, fumigating it against pests and insects, ploughing and ridging. Use any method (Mechanical, Chemical & Manual) that can adequately remove weeds and keep the soil loose for good seedbed. At this stage, you can apply a mixture of poultry manure and rice husk to the soil in order to improve the soil organic matter and the ability of the soil to retain moisture, nutrients and proper aeration.

Planting The Right Seed Variety: Choosing the right soybean seed variety will determine the yield the farm will generate. Every farming community has a variety that performs well in the area. Always go for a hybrid variety. Plant 50–70 kg of seeds per hectare so as to obtain a plant population of 444,444 plants per hectare.
Plant 3 to 4 seeds per hole at a spacing of 75 cm between rows and 10 cm between stands. Alternatively, drill seeds at 50–75 cm between rows and 5 cm within rows. For the early maturing varieties, a spacing of 50 cm between rows and 5–10 cm within rows is recommended because they respond better to narrow spacing than the late maturing varieties. Do not sow seeds more than 2–5 cm deep.

Deeper planting may result in loss of vigour or failure of seedlings to emerge. (IITA)

3. Fertilizer Application: Apply 150Kg (3 bags) of Super Phusphate (SUPA) fertilizer per hectare at planting and 100Kg (2 bags) of NPK at between 4 – 6 weeks after planting.

Weed Control:

4. Manual Weeding: Carry out the first weeding at 2 weeks after planting and the second at 5–6 weeks after planting. Avoid weeding immediately after rainfall as this would lead to transplanting the weeds. Poor hoe weeding or delay in weeding could cause significant reductions in soybean yields. (IITA)

5. Herbicide Application: Herbicides, if used properly, are safe and effective in controlling weeds in soybean. The choice, however, depends on the predominant weed species and the availability of the herbicide. Herbicides are available for pre-emergence or post-emergence weed control. If the herbicide is applied at planting, one weeding may be required at 5–6 weeks after planting. (IITA)

6. Pest Control

Several different insects occur in soybean fields but few are of any economic importance, and the species that cause damage are usually not abundant enough to make control measures necessary. In the vegetative stage, the crop is very tolerant of caterpillars but very susceptible to attacks by silverleaf whiteflies. From flowering stage onwards, soybean becomes attractive to pod-sucking bugs that can seriously reduce seed quality. Insect pests can be controlled with a single spray of Cypermethrin + Dimethoate 10 EC at the rate of 100 mL in 15 L of water.


Expected Yield of Soybeans Per Hectare

The average yield of soybean in Nigeria is 2 – 4 tons per hectare. With adequate rainfall and applying good farm practices, you should expect to get a minimum yield of 2.5 tons per hectare of farm cultivated.

Profitability

It cost an average of N198,000 to cultivate soybeans on 1 hectare of farmland. This includes the cost of farmland lease, land preparation, hybrid seeds, herbicides, pesticides, fertilizer, etc. With the average cost of soybean going for N200,000 per ton, one can get a return of (N200,000 x 2.5) N500,000 from cultivating 1 hectare of farmland, translating to about N300,000 in gross profits.


[b]Source:[/b]https://planbiz.com.ng/soybean-farming-in-nigeria/

Nigeria produces a wide range of agricultural commodities, amongst which are soybean, maize, rice, cowpea (beans), sorghum, guinea corn, wheat, yam, cassava, potato, etc. Apart from being used as food, many of these crops are also used as raw materials in the manufacturing industry.

Among the crops used as raw materials in the manufacturing industry is Soybean. The crop is grown in many states across Nigeria. Major Soybean producing states in the country are Kaduna, Katsina, Niger, Benue, Borno, Kebbi, Nasarawa, Kwara, Oyo, Jigawa, and Taraba State.

The cultivation of soybean has increased year over year due to the rapid growth of the livestock farming and food processing industry.

Soybean is used as a protein source in the preparation of livestock feeds especially poultry feeds. It is also used in the production of vegetable oil, baby food, drinks, etc.

Any farmer that goes into soybean farming will always smile to he bank because there is always a high demand for the crop. The demand has exceeded supply in recent time, reason why the price of the crop has now gone from about N150,000 per ton to over N300,000 per ton at the time of writing this report.

Getting Started

1. Choice of Land: The first thing to consider when going into soybean farming is to choose the right farmland. Several factors to consider in choosing this include security of farm location, soil fertility, and access to farm laborers. Any well drained sandy loam or loamy soil can be used for soybean farming.

2. Land Preparation: After getting a suitable farmland, the next step is to clear the land and prepare it for farming. This involves clearing the land of bushes, fumigating it against pests and insects, ploughing and ridging. Use any method (Mechanical, Chemical & Manual) that can adequately remove weeds and keep the soil loose for good seedbed. At this stage, you can apply a mixture of poultry manure and rice husk to the soil in order to improve the soil organic matter and the ability of the soil to retain moisture, nutrients and proper aeration.

Planting The Right Seed Variety: Choosing the right soybean seed variety will determine the yield the farm will generate. Every farming community has a variety that performs well in the area. Always go for a hybrid variety. Plant 50–70 kg of seeds per hectare so as to obtain a plant population of 444,444 plants per hectare.
Plant 3 to 4 seeds per hole at a spacing of 75 cm between rows and 10 cm between stands. Alternatively, drill seeds at 50–75 cm between rows and 5 cm within rows. For the early maturing varieties, a spacing of 50 cm between rows and 5–10 cm within rows is recommended because they respond better to narrow spacing than the late maturing varieties. Do not sow seeds more than 2–5 cm deep.

Deeper planting may result in loss of vigour or failure of seedlings to emerge. (IITA)

3. Fertilizer Application: Apply 150Kg (3 bags) of Super Phusphate (SUPA) fertilizer per hectare at planting and 100Kg (2 bags) of NPK at between 4 – 6 weeks after planting.

Weed Control:

4. Manual Weeding: Carry out the first weeding at 2 weeks after planting and the second at 5–6 weeks after planting. Avoid weeding immediately after rainfall as this would lead to transplanting the weeds. Poor hoe weeding or delay in weeding could cause significant reductions in soybean yields. (IITA)

5. Herbicide Application: Herbicides, if used properly, are safe and effective in controlling weeds in soybean. The choice, however, depends on the predominant weed species and the availability of the herbicide. Herbicides are available for pre-emergence or post-emergence weed control. If the herbicide is applied at planting, one weeding may be required at 5–6 weeks after planting. (IITA)

6. Pest Control

Several different insects occur in soybean fields but few are of any economic importance, and the species that cause damage are usually not abundant enough to make control measures necessary. In the vegetative stage, the crop is very tolerant of caterpillars but very susceptible to attacks by silverleaf whiteflies. From flowering stage onwards, soybean becomes attractive to pod-sucking bugs that can seriously reduce seed quality. Insect pests can be controlled with a single spray of Cypermethrin + Dimethoate 10 EC at the rate of 100 mL in 15 L of water.


Expected Yield of Soybeans Per Hectare

The average yield of soybean in Nigeria is 2 – 4 tons per hectare. With adequate rainfall and applying good farm practices, you should expect to get a minimum yield of 2.5 tons per hectare of farm cultivated.

Profitability

It cost an average of N198,000 to cultivate soybeans on 1 hectare of farmland. This includes the cost of farmland lease, land preparation, hybrid seeds, herbicides, pesticides, fertilizer, etc. With the average cost of soybean going for N200,000 per ton, one can get a return of (N200,000 x 2.5) N500,000 from cultivating 1 hectare of farmland, translating to about N300,000 in gross profits.


Source: https://planbiz.com.ng/soybean-farming-in-nigeria/

There are several businesses you can start and run profitably in Nigeria. Below are six that readily comes to mind:

1. Rice Milling

One of the best businesses one can venture into in Nigeria today is parboiled rice production (Rice Milling).

Nigerians currently consume over 5 million metric tons, which is equivalent to over 100 million 50Kg bags of rice annually. With the current population growth rate of Nigeria, the consumption of rice is estimated to reach about 35 million metric tons (700 million 50Kg bags) by the year 2050.

There is high demand for rice in Nigeria. With a population of over 180 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large and growing market for rice.

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.

New entrants into the rice milling industry that can produce good quality parboiled rice will have an evergreen market waiting to be sold to.

2. Drinking Water Production

Another good business that does very well in Nigeria is drinking water production (Bottled water and Sachet Water).


The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water.

The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water.

3. Poultry Farming

Poultry farming is yet another business that gives good returns on investment.


Poultry farming has risen to become one of the most lucrative businesses in Nigeria today. This aspect of livestock farming, if set-up and managed properly, provides legitimate continuous income for entrepreneurs within a short period of time. There are over 160 million consumers in Nigeria and over one billion in Africa. This provides a large, growing and sustainable market for poultry farmers in Nigeria, and Africa in general.

4. Pounded Yam Flour Production

Pounded yam flour is another product that you can chose the invest in its production.


Pounded yam is a popular delicacy produced from boiled yam tubers, and is consumed by many people across Africa. However, a lot of people, especially the middle class find it difficult to prepare pounded yam the traditional way which involves boiling yam, pounding it in a mortar using a piston, until it becomes a succulent dough.

The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically processed, easy to prepare and well packaged food products like yam flour.

5. Maize (Corn) Flour Production

This is another business that you can quickly setup and make good money with.

Maize can be processed into several products including Maize Flour, Maize Grits. Starch, etc.

With few producers focusing on the production of maize flour in Nigeria, there exists a large gap that needs to be filled by aspiring entrepreneurs in the country. This supply gap will continue to grow as the population of the country grows.


6. Cooking Oil Production

The production of Cooking oil, also called Vegetable oil is yet another viable business you can quickly setup and make good money in Nigeria.

The present production level of Vegetable Oil in Nigeria is yet to meet the demand of Nigerians. There is currently a ban on the importation of vegetable oil into the country. The ban was placed in other to encourage local producers to expand their operations, and new investors to go into the production of Vegetable Oil. This has made the business to be very lucrative.

Wishing you all the best in your quest.

Source: To read more, Visit: https://planbiz.com.ng/five-lucrative-businesses-you-can-start-in-nigeria-today-and-make-big-money/

Note: I can prepare a business plan for you on any of the above businesses for 10k only. Reach out via Call/WhatsApp: 09022106607

This writeup is loaded with ignorance, weak assumptions and false narratives.

preciousMI1:
for free?

Not free sir. 10k only.

There are several businesses you can start and run profitably in Nigeria. Below are six that readily comes to mind:

1. Rice Milling

One of the best businesses one can venture into in Nigeria today is parboiled rice production (Rice Milling).

Nigerians currently consume over 5 million metric tons, which is equivalent to over 100 million 50Kg bags of rice annually. With the current population growth rate of Nigeria, the consumption of rice is estimated to reach about 35 million metric tons (700 million 50Kg bags) by the year 2050.

There is high demand for rice in Nigeria. With a population of over 180 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large and growing market for rice.

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.

New entrants into the rice milling industry that can produce good quality parboiled rice will have an evergreen market waiting to be sold to.

2. Drinking Water Production

Another good business that does very well in Nigeria is drinking water production (Bottled water and Sachet Water).


The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water.

The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water.

3. Poultry Farming

Poultry farming is yet another business that gives good returns on investment.


Poultry farming has risen to become one of the most lucrative businesses in Nigeria today. This aspect of livestock farming, if set-up and managed properly, provides legitimate continuous income for entrepreneurs within a short period of time. There are over 160 million consumers in Nigeria and over one billion in Africa. This provides a large, growing and sustainable market for poultry farmers in Nigeria, and Africa in general.

4. Pounded Yam Flour Production

Pounded yam flour is another product that you can chose the invest in its production.


Pounded yam is a popular delicacy produced from boiled yam tubers, and is consumed by many people across Africa. However, a lot of people, especially the middle class find it difficult to prepare pounded yam the traditional way which involves boiling yam, pounding it in a mortar using a piston, until it becomes a succulent dough.

The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically processed, easy to prepare and well packaged food products like yam flour.

5. Maize (Corn) Flour Production

This is another business that you can quickly setup and make good money with.

Maize can be processed into several products including Maize Flour, Maize Grits. Starch, etc.

With few producers focusing on the production of maize flour in Nigeria, there exists a large gap that needs to be filled by aspiring entrepreneurs in the country. This supply gap will continue to grow as the population of the country grows.


6. Cooking Oil Production

The production of Cooking oil, also called Vegetable oil is yet another viable business you can quickly setup and make good money in Nigeria.

The present production level of Vegetable Oil in Nigeria is yet to meet the demand of Nigerians. There is currently a ban on the importation of vegetable oil into the country. The ban was placed in other to encourage local producers to expand their operations, and new investors to go into the production of Vegetable Oil. This has made the business to be very lucrative.

Wishing you all the best in your quest.

Source: To read more, Visit: https://planbiz.com.ng/five-lucrative-businesses-you-can-start-in-nigeria-today-and-make-big-money/

Note: I can prepare a business plan for you on any of the above businesses for 10k only. Reach out via Call/WhatsApp: 09022106607