"I Will Never Go Broke Again": Man Mentions Lucrative Business He Can Start With N10 Million
- A Nigerian man has gone viral on social media after disclosing the business that he can start with N10 million
- In a now-viral video, the man explained what he would do if he ever received a cash gift of about N10 million
- Commenting on the story, a Nigerian businesswoman Justina Okoro, confirmed that N10 million is enough to start something great
A Nigerian man's comments about his business plan has garnered attention on social media after a video was shared online.
The man, who holds a degree in agricultural processing, revealed that he would invest a cash gift of N10 million in a food processing venture.
Source: TikTok
Man speaks about N10 million business plan
The man, whose interview was shared by @EkafTV, outlined his plans to utilise the funds to establish a business focused on processing and selling animal products, including poultry, goats, and rams.
His strategy involves purchasing these animals, processing them, and selling the products per kilo.
According to him, the initial investment would cover the cost of renting a shop, estimated to be between 800,000 to 1 million naira, as well as assets such as storage facilities and freezers.
He emphasised the importance of having a reliable coal room, which he believed was the most crucial aspect of the business.
According to him, his confidence in his plan stems from his academic background and hands-on experience in the field.
He stressed that knowing the business inside out was key to success, and that he had previously engaged in similar activities.
Source: Getty Images
In his words:
"I studied agricultural processing, so I will just go into processing of food stuffs. I will buy them, I will process them and then kill them, process them, yes, and sell. I studied agricultural processing, focusing on animal and crab products, including poultry, goats, and rams. I will process them, sell them per kilo. Processing involves buying, processing, and selling. For the business, I plan to rent a shop, costing around 800,000 to 1 million naira. I'll need assets like storage and freezers.
"Maybe one freezer is okay, but I need a blast or coal room, that's the most important thing. I believe 10 million naira can cover the coal room and everything.I'm confident because I know the business. If you know about it and are into it, you can do it yourself. I've done it before."
Commenting on the story, a Nigerian businesswoman Justina Okoro, confirmed that N10 million is enough to start something great.
"Yes o. N10 million is a lot o. I believe him please. There are several businesses that someone can go into with such capital. Give it to me and see what I will achieve in six months," she said.
Reactions as man shares his business idea
TikTok users stormed the comments section to react to video.
@lasisiwasiucharles said:
"I will go into palm oil straight I knew everything about the business I will make x3 of the money before the end of the year."
@Aishat Dododawa said:
"If you give me 10m I will start Palm oil business, and a foods stuff business just give me a year I will make up to 4m yearly as gain."
@BASSJ said:
"Many pple dont understand biz, after every cost can you be able to save 300k montly and still have your 10m in stock? Biz don grow at start like that."
@Immanuel23 said:
"With this amount I will buy a good Sola battery and panels for my game hub business and the remaining money I will open a laundry store,I do make 500k or more from game hub but fuel expenses is much."
@Dammy Wealth added:
"I will go straight into crop farming like pepper and tomatoes and be making my million every 3 months."
See the post below:
Man sets up business after settlement
Meanwhile, Legit.ng previously reported that a Nigerian man expressed joy that he has established his own business after moving to Lagos to learn a trade.
The man said he moved to Lagos in 2023 to serve as an apprentice to someone else who trained him.
Source: Legit.ng
