- Ifeoluwa
- Earth
- Email is hidden.
25
Points
Questions
0
Answers
2
-
Hello sir @Dproofman,
It’s great to know that you want to invest your money.
While you’re thinking of what to do with it, I would say you should research about Federal Government’s bund. Basically, you will invest in FG and every 6 months, you’ll get interest. Last time Vice President spoke about it, you can get 10% interest on your investment every 6 months. Beware that the interest rate fluctuates based on our economy.
However, in your NYSC period and some months, if you invest in the bunds, you should get 2 interest periods. By the time you finish NYSC, you should have decided on what you want to do and of course, you’ll have more time to face your agric business.
Let’s build a self dependent Nigeria filled with great minds and great entrepreneurs.
God bless you sir.
- 2159 views
- 9 answers
- 0 votes
-
Hello sir,
I think cassava, as you’re being advised, would be a great one. If you already have a land, great! With 20 – 30 thousand naira (depending on your source of labour), you should be able to clear the land and make ridges. With 10,000 naira, you should get quality cassava stems from IITA or whichever agric company does that near you. Finally, with 8-10 thousand naira, you should be able to get farmers to plant them for you.
If you don’t have a land, I’ll advice that you speak to farmers around you. The state government sometimes offers lands for rent. Last time I was told, it costs about 30,000 naira for 25 acres per year which is quite cheap. Don’t forget that if you’re able to rent the land, you can do anything and many things with it.
My advice is – PLEASE AND PLEASE, make sure you use quality cassava stems, ferterlizers and good processes. Let’s build a Nigeria that focuses on quality production rather than making quick money.
God bless you and your farming sir.
- 2063 views
- 5 answers
- 0 votes
