Daniel Regha Shares Reasons Why Akara And Kuli Kuli Business Cannot Be Started With 50K Through The Remi Tinubu’s Empowerment/Grant

Influencer Daniel Regha recently shared his thoughts as the first lady Oluemi Tinubu recently announced that she would be empowering women with grant for businesses.

In his words:

“Remi Tinubu’s empowerment/grant if I am not mistaken are a N100m grant in Ekiti State for 2,000 people, and N50m to 1,000 people across Ogun State. That is N50k per beneficiary, ordinary N50k which is below minimum wage.

  1. Let’s start with Akara busines.
    To start u need a spot or shop which is not cheap, at least N10k will be paid for landuse. Then you have to get the necessary things like umbrella, frying utensils, and pay a carpenter to make a chair.

We are yet to add akara ingredients like a painter of beans, frying oil, onions, pepper, and a few more, which will cost above N50k today. We haven’t talked about firewood which is also a luxury nowadays since the Tinubu administration began.

  1. Kulikuli requires a lot of groundnuts as a major ingredient, and the prices of groundnuts now are unbelievable. Too expensive.
  2. Now we move to corn; A bag of corn sells for 25-35k depending on the location; Charcoal again, is very expensive, and anyone who prefers boiling will also spend heavily on firewoods. The seller will also pay for land or space being used.

None of the three petty businesses she listed can be started with N50k, so what’s she talking about?”

Credit: Daniel Regha|X

Email: elora.akpotosevbe@yahoo.com