Sunday, January 29, 2023
  • Login
No Result
View All Result
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
The News Beam
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
No Result
View All Result
The News Beam
Home The Entrepreneur

N2000 profit on N6,000 plantain, welcome to the world of Roasted Plantain (Boli) seller, Patience Emavwodua

March 15, 2021
in The Entrepreneur, Guest Columnists, News
Reading Time: 6 mins read
0
A A
0
N2000 profit on N6,000 plantain, welcome to the world of Roasted Plantain (Boli) seller, Patience Emavwodua
Share on FacebookShare on Twitter

By Victory Oduneye

Can you cook, fry or roast plantain without tasting it? I bet you are laughing at yourself right now. I know! The sweet taste that accompanies every bite is something irresistible and it makes you look forward to it almost all the time, especially the roasted one, popularly known as ‘Boli’.

Boli, accompanied with roasted groundnut and cold drink is a favorite snack of most Nigerians especially in the south-west, south-south part of the country. Ohoo, you need to have a taste of Boli if you haven’t.

This explains the large number of people especially women, who have taken to the trade. You can’t miss them. They are almost on every street.


CLICK HERE TO Advertise For As Low As N2000 In The News Beam

Madam Patience Emavwodua is one of these women. She has been in the Boli (roasted plaintain) trade for more than 10 years.

In this interview with TheNewsBeam, the Surulere based merchant opens up on the lucrative business of satisfying Nigerian’s craving for Boli.

Read Also: Bedwetting for 20yrs: “I was dumbfounded, my tears felt hot and tasted bitter”, Tolu Joseph recounts ordeal

Can we meet you ma’am
“My name is Mrs Patience Emavwodua, I’m from Delta State,”

For how long have you been into this business
“I have been in this business for more than 10 years now”.

Read Also: How I Started My Business With Zero Capital – CEO POPFashionHub

What made you go into this line of business
“As a trader, I sell fruit, but for more money to come in, I need to add other things to it, so I just decided to go into this roasted plantain business as a business woman.”

Would you say this a lucrative business and why?
“Yes, the business is profitable, because there isn’t any fixed price, so how I buy the plantain will determine how I sell them, and this helps me make profit.”

What challenges do you face or have you faced in the past and please share how you overcame
“I don’t face any challenge or difficulty in this business, as far as I can get the plantain. The only thing I will say about challenge is that it comes with season. And when it’s out of season, I don’t do the plantain business, I move to roasting of corn and roasting of yam. You see why I said it’s not a challenge at all.”

How do you source for your plantain for this business in order to realise more profit.
“I don’t order directly from the farm. All I do is to go straight to the place where they sell plantain in bulk, it’s cheaper there, but there are people who collect money unnecessarily. For example, they collect “ground money”, that is money for putting your load on the floor and other unnecessary money like that.”

Read Also: My Ordeal as a Contract Staff in GTB, Union Bank, Others – CEO, Dot & Dashed Energy

In the case you don’t sell all the roasted plantain in a day, can you still re-sell the following day and what’s your customers response to this?
“No ooo, I cannot keep roasted plantain till the next day. I pray to God to help me sell everything that day and I calculate how many to roast in order to avoid wastage, and if it’s getting late, I usually sell the plantains at a cheaper price so that I can sell everything.”

What’s the monthly profit margin of this business?
“Hmm, it depends on how much I buy the plantain and how many I am able to sell, but for margin sake, I will say for every N6,000 plantain I buy, I should be able to make like N2,000 profit.”

Read Also: “I didn’t even know my age was counting”, Woman who married at 40 recounts experience

With impact of COVID on almost everything and knowing fully well that you majorly use your hands to prepare the roasted plantain. How have you been able to adapt?
“With Covid-19 coming around, nothing has changed for me in this business, Africans will still eat what they love, and so the number of people buying roasted plantain didn’t drop.

“And because people know me that I am a neat person so they kind of trust me and still patronize me.

And my customers keep coming because they have known me for a long time coupled with the cleanliness I’m known for.

“However, I follow covid-19 protocol, I wash my hands, I have my nose mask, but I use it when I go out, using it when roasting does not allow me breathe well, so I use it when I go out. Also I don’t allow people to touch the plantain, I will tell them to show me the one they want and I pick it for them.”

How has your customers also been reacting to you touching the plantain with your bare hands?
“Hmm, they don’t talk, because like I said before, they know that I am neat so they don’t talk, but the few that talk, instead of touching the plantain with my hands to pick the ones they want, I use the nylon, wear it like a glove, pick the plantain they want and I give them. You know that customer is always right, so I just have to please them.”

Read Also: How Sex Workers deal with the Risks of their Business

Is there a levy you pay for this location and would you call the levy affordable?
“I don’t pay any levy, I was married into this neighborhood, I have been here for a long time, I gave birth to all my children here, so they don’t give me any levy for staying in front of a gate on the street.

What advice would you give to anyone planning on venturing into this business?
“The business is good. You don’t need much to start, you just need a small bowl and the mesh to put the plantain on while roasting, you can get it from Mallam (Hausas), your coal and your plantain. The more you expand in the business, the more you add more things and get the necessary equipment.

For this business to start you will need like N15,000 to start something solid and to get enough plantain to sell.” Mrs. Patience said.

Read Also: Fish Consumption: Why Nigerians Shun Catfish But Spend N138bn on Titus, Sharwa & Panla

Plantains are cultivars in the genus Musa whose fruits are generally used in cooking. They may be eaten ripe or unripe and are generally starchy. It can also be referred to as green bananas.

Cooked plantains are nutritionally very similar to a potato, calorie-wise, but contain more of certain vitamins and minerals. They’re a rich source of fiber, carbohydrate, protein, vitamins A, C, and B-6, and the minerals magnesium and potassium.

Plantain is loved for its taste, cooking variety, nutrients, it’s ability to quickly and easily prepare, (you don’t need much to prepare a plantain), ease to digest, and it’s affordability.

N2000 profit on N6,000 plantain, welcome to the world of Roasted Plantain (Boli) seller, Patience Emavwodua

N2000 profit on N6,000 plantain, welcome to the world of Roasted Plantain (Boli) seller, Patience Emavwodua

N2000 profit on N6,000 plantain, welcome to the world of Roasted Plantain (Boli) seller, Patience Emavwodua

Patience Emavwodua has been in the Boli (roasted plaintain) trade for more than 10 years…https://t.co/BOL4y56Zai#womanpower #boli #lagosnigeria #streetfood #streetmoney #grammy Cardi | #davido #GOAT King Baddo | #StarBoy # Burnaboy | Kanye pic.twitter.com/em49nEUQml

— The News Beam (@TheNewsBeam1) March 15, 2021
Tags: COVID-19PlantainRoastRoasted plantainSeller
ShareTweetSend
Previous Post

Nigerian Lady Sentenced to 20 years in Ivorian Prison For Sueing DPO’s Nephew

Next Post

#WorldOlamideDay: Spot the Difference; Olamide in “Eniduro” & “Triumphant”

Related Posts

Inflation in December 2022
News

What you need to know: December inflation rate at   21.34%

January 16, 2023
18
Business Risks Forecasts
Business & Economy

How to Protect Your Business from Top Risks in 2023

November 15, 2022
50
eNaira: CBN lists 7 benefits to Nigerians, economy
Business & Economy

eNaira: CBN lists 7 benefits to Nigerians, economy

November 10, 2022
25
NDIC Logo
Business & Economy

NDIC To Bank Customers: “Come and Collect Your Remaining Funds in 20 Closed Banks”

November 8, 2022
11
CBN Head Office
Business & Economy

CBN to withdraw 200, 500 and 1000 bank notes from January 2023. Circulate New Notes From December 2022

October 26, 2022
287
NGO EMPOWERS FEMALE CEOs TO ACCESS GRANTS OPPORTUNITIES
The Entrepreneur

NGO Empowers Female CEOs To Access Funding Opportunities

September 2, 2022
177
Next Post
#WorldOlamideDay: Spot the Difference; Olamide in

#WorldOlamideDay: Spot the Difference; Olamide in "Eniduro" & "Triumphant"

"Something is going on with Hazard" - Zidane

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

  • Trending
  • Comments
  • Latest
How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

How to Apply for the N25 Billion Youth Investment Fund of the Federal Govt

October 16, 2020
Covid-19: See List of Vaccination Centers in Lagos State

Covid-19: See List of Vaccination Centers in Lagos State

August 19, 2021
Banks suffer 11% reduction in new loans as customers resist interest rate hike

CBN reveals 9 Business Categories that recorded Increased Activity This Month

9
BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from 'Anonymous' hack

BREAKING ! How Hurriedly installed Application Saved Central Bank of Nigeria website from ‘Anonymous’ hack

7
Inflation in December 2022

What you need to know: December inflation rate at   21.34%

January 16, 2023
Business Risks Forecasts

How to Protect Your Business from Top Risks in 2023

November 15, 2022

Categories

  • Agriprenuers (12)
  • Books & Arts (7)
  • Business & Economy (434)
  • Capacity Building (25)
  • CDAs (2)
  • Community Champions (1)
  • Crime (196)
  • DEVELOPMENT (74)
  • Development Agencies (109)
  • Economy (317)
  • Education (192)
  • Entertainment (405)
  • Faith (55)
  • Finance (335)
  • Global (103)
  • Guest Columnists (17)
  • Health (56)
  • Health (242)
  • Industry (149)
  • LGAs (1)
  • Lifestyle (98)
  • MGDs (10)
  • News (2,292)
  • Politics (373)
  • Projects (2)
  • Relationships (70)
  • Security (164)
  • SMEs (15)
  • SPECIALS (87)
  • Sports (311)
  • Street Money (9)
  • Tech (138)
  • Teens World (3)
  • The Entrepreneur (26)
  • Uncategorized (70)
  • Your Community (33)
  • Youthprenuers (14)
No Result
View All Result
News
Politics
Business & Economy
Sports
Entertainment
Global

Development

Health
Education
MGDs
Development Agencies

Your Community

CDAs
LGAs
Projects
Community Champions

The Entrepreneur

Street Money
SMEs
Youthprenuers
Agriprenuers
Capacity Building

Specials

Lifestyle
Relationships
Books & Arts
Faith
Teens World
Guest Columnists

Follow Us

  • About Us
  • Contact Us
  • Terms of Usage
  • Privacy Policy
  • Advert Rates
  • Newsletters
  • Resources
  • Submit a Story
No Result
View All Result
  • Home
  • News
    • Politics
    • Business & Economy
    • Sports
    • Entertainment
    • Global
  • Development
    • Health
    • Education
    • MGDs
    • Development Agencies
  • Your Community
    • CDAs
    • LGAs
    • Projects
    • Community Champions
  • The Entrepreneur
    • Street Money
    • SMEs
    • Youthprenuers
    • Agriprenuers
    • Capacity Building
  • Specials
    • Lifestyle
    • Relationships
    • Books & Arts
    • Faith
    • Teens World
    • Guest Columnists
  • Login

© 2020 The News Beam is the highest circulated and most read newspaper in Nigeria. The online portal of The News Beam is the most visited website in the world.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With The News Beam