How to make millions selling garri :How a local boy became a millionaire selling garri.

 How a local boy became a millionaire selling garri.

The garri millionaire guide.

How to start garri business with 25,000 naira  only .

How to start garri export.

How to package garri for export

A GUIDE ON HOW TO START A LUCRATIVE GARRI BUSINESS WITH 25,000 NAIRA.

  Nigeria is the largest producer of cassava and 70% of cassava produced is processed into garri.  There is a common slogan that no matter the amount of garri you produce, there is always a market with customers ready to pay.

 Garri business is not limited to local markets as in Nigeria, but there is an opportunity in the international market for properly packaged garri.

Flow chart of garri marketing from farm to store/export.( Ojuri,H.B 2021)

 How do you start this lucrative business? the level you want to participate depends on your target market. The fastest entry level to tap into this business is to selling of the garri, not starting from the processing.

How to start the lucrative garri business with just 25,000 naira. 

1) Source the garri from local markets where the processors sell to  other merchants /traders and middle men that bring to the city.

2) Buy the desired quantity if you cant afford a bag.

3) Bring the garri back to the city and sell in markets or stalls.

 The price of the 50 kg bag of  the white garri in clusters/ local markets...........13,000 naira

The price of the paint bucket is.....................650 naira.

There are 20 paint buckets in a 50 kg bag. If the merchant goes with a private car, transportation cost is negligible as compared to public transport where the merchants will pay the fare for the journey and also pay for the garri.

 The current price of garri now is 17,000 naira per 50 kg bag and the paint is 850 naira.

 Profit analysis: 

 A bag from the farm is 13000 naira.

lets assume the transport is public and the cost is 2,500 naira from market to merchants destination.

Cost of the garri ==13000 + 2500=15,500 naira.

Profit on a bag=17,000 - 15500=  1,500 naira.

 This is the first level of profit. The  merchant can profit on another level depending on how sales are made.

Customers can buy in cups, mudus or paint rubber, the merchants profits at this level.

 One mudus =8 cups

A paint rubber contains 3 mudus.

A cup is 100 naira meaning one mudus= 800 naira.

This means by selling in mudus the merchants will make 800*3= 2,400 naira for paint instead of  850 naira. This gives credence to the slogan " retail business is big business".

 The new gold= garri business. This is just an insight, see what garri can become.

Garri business is lucrative, see more

Agriculture; improved bananas turns farmer to millionaire.

Agriculture has evolved over the years with improved techniques,seed improvement,genetic modification, biotechnology and precision farming. The advantages of these new techniques include new breed and strains, production within a short time with limited capability ,cost reduction through reduction of labor force and most importantly higher profit. The discovery of planting improved seeds and tissue culture tubers have turned many farmers to millionaires.The production of bananas from tissue cultured tubers is one of such agricultural feats that have added value to banana farming and also more money in the hands of farmers. The health benefits of bananas/ plantain can not be overemphasized and this love can be turned to a business venture ,which is equally rewarding. Bananas/ plantain can be packaged raw and fresh or processed and packaged for sale. The business of frying and packaging plantain as snack is another topic entirely that will be discussed later. A recent interview with a farmer with plantain/banana plantation shed some more light on the planting and nurturing of the fruit.There are various species that can be cultivated, that starts fruiting at about 5 months and new varieties are also available courtesy of bio crops which fruit earlier , grow bigger and tastes better. Thinking of starting a plantation? consider this; The soil type should be virgin with added advantage if it has river-silt deposits. The soil does not have too be too deep,because banana /plantain crops are shallow rooted.The best soil type is loamy drained to 4-6 feet deep is recommended, heavy clay soils are unsuitable. The variety/specie depends on choice of the farmer as well as target market,the new improved varieties and imported varieties have been used extensively in the field. Land preparation entails,clearing the land and fell any tree on site; line and stake out so that the plantation will not be haphazard. Dig holes that should be at least 1 .5 x 1.5 x 1.5.,and note the heavier the soil the larger the planting hole. continue Mary Kiptoo from Sambalat who has diversified into tissue-culture bananas under furrow irrigation as an additional source of money and food.“Banana farming requires low capital and is less labour intensive unlike maize or even vegetables,” she explained, noting that farmers in the region share some of the tissue-culture banana tubers for planting. The mother four has about 1,000 banana tubers in her two acres, which she cultivates alongside finger millet, sorghum and cassava for subsistence use.The bananas grow uniformly and mature within eight months thus facilitating easy harvesting and marketing earning farmers a lot of money. Millionaire