Daniel Regha Shares The Challenges Of Mama Put Businesses As They Pay For Land/Space, And Some Govt Taxes, Says 50K Cannot Purchase Enough Foodstuffs To Cook Different Delicacies To Sell?

Influencer Daniel Regha has disagreed with Ubi Franklin after he said the
fastest way to become a billionaire on the mainland or in a populated area is to invest in 100 mama-put food vendors by giving them 50k each to cook and everyday they will remit 150k, in one year you should make ₦1.8 billion.

In his words:

“Ubi Franklin has no idea how mama-put business operates, and what the profits are like. No mama-put buiness makes triple the profit. Let’s go with the N50k he stated, the most they can make is about 25-30k as profit and that’s by luck. Many mama-put even struggle to sell out daily, and their food has to be very cheap to beat the competition. Again, if you invest in over 100 mama-puts, who will buy from who?

Now the business aside, is he aware that many people go to eat at mama-puts on credit? And even they, the sellers, have to pay for land/space, and some govt taxes. Is he also aware that 50k can’t purchase enough foodstuffs to cook different delicacies to sell? He’s very out of touch with reality.”

Credit: Daniel Regha

Email: elora.akpotosevbe@yahoo.com