AFRICA CASE STUDY 3
FATIMAH SEGHOSIME London Trained Chartered Accountants turned FARMER
THE REVELATION OF EXECUTIVE FARMER from Nigeria
ONCE A DIASPORA LIKE YOU
FROM THE INFO WE READ ABOUT IN THE BLOG-
backtoafrica-ourmotherland
Let us reason together my fellow Diaspora
Investment 1
this lady farmer said her Hatchery produced 1,200,000 day old chicks (doc) per year
from the research i did a day old chick cost between N 120- N240 for broilers/layers
a day old chick cost between N 40- N50 for cockerel in Nigeria
so let assume she was able to get 850,000 (doc) broiler per year
850 000 * N120 = N 102,000,000 per year
**** Yes, of course i know,
that we use minimum amount to do this calculation, this lady can get more than this amount-
THIS LADY FARMER IS MAKING - N 102,000,000 PER YEAR ON DAY OLD CHICKS ALONE i.e N 102 Million a year on one investment alone. Convert it to £=428,571 £1=N238 Let assume she spent half of this on the running cost and other expenses, she still has £ 204,285 as profit. how long will it take you to get this in UK (Europe) or USA
You see why Bank managers will like to do business with her.
INVESTMENT 2 - CATFISH FINGERLINGS
Fingerlings are the small fish that has just been hatched from their eggs. From the info gathered two catfish can produce up to 2000-5000* fingerling's (how to do this is no more a secret, as we know people who can train you to start this profitable venture).
Catfish fingerling's cost between N10-N15 depending on the season of the year
this lady farmer said she produced 1,000,000 a year
from my own research i learnt that catfish are carnivorous animal i.e to say they eat each other if their is no enough food, by that we can base our calculation on 890,000 fingerling's
890,000 * N10----N8,900,000 a year
if we deduct the overhead cost and other miscellaneous expenses, let say she spent N 3,500,000 ( N 3.5M)
at the end of the year she still has N 5,400,000 ( N 5.4M) as profit Convert it to £= 22,268.
What else are you looking for in a business, if not cool profit
Investment 3 Catfish Growout
You want to know how much she is making in her catfish grow out, then join our blog.
Also you have to know that there are challenges in these type of business, but if you are thinking of the negative side of any business then you better continue in your 9-5 job and stop complaining.
We will be organizing seminars and trainings in UK for Diaspora who like what they have read in this blog. This seminars/trainings will bring in people that are doing this business and are successful entrepreneurs from Africa.
Join the blogs(follower) to receive info and voucher about coming seminars
http://backtoafrica-ourmotherland.blogspot.com
http://alertdiasporachronicle.blogspot.com
Your comments and contributions are welcome.
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