A young lady, Chimdi Ibeawuchi, has revealed how she made N10 million trading cattle and got a life-changing message from Africa’s richest man, Aliko Dangote.
The graduate of Caritas University, Amorji-Nike, Enugu took to Twitter on Saturday to make the revelation, saying it was to motivate young Nigerians seeking a means of livelihood.
She disclosed that cattle trading took her to different places across the country, including Gumel on the Nigeria/Niger border, Kastina, Maigatari, Katagun, Azare and Postikum, which has a notable cattle market called Tike Cattle Market.
Ibeawuchi, whose Twittle name is AgricQueen, recounted how she loaded 16 tyre trucks with 34 cows for sale across the country.
Recounting her journey so far, she stated, “From northern Nigeria to Port Harcourt, Bayelsa and Delta. It was 2011 and politicians had just won elections and were giving their constituents and chiefs Christmas gifts.
“I sold a total of 275 cows that year with 19 mortality.
“After paying everyone, I counted my money.
“Trading is an important part in this entrepreneurship stuff. I was first a trader- I learnt where to invest, when to invest and when to move from seasonal sales.
“In 2012, I lost 70% of my capital and that experience hardened me. I bought 80 cows too early and didn’t have the market to sell.
“Young Politicians were given those jobs as compensation for their election efforts.
“Someone took 35 cows and gave me a bounced check.
“I spent soo much on feeding 80 cows; I sold at a loss after borrowing from my mother and sister.
“In 2013, My Dad said ‘if u want to do Agriculture, u must go and learn the ropes’. I traveled from Dubai-China-Ghana.
“From Keffi-Adamawa-Ibadan-Benin Edo. I self-taught myself. I saw the mistakes of others.
“Then I ran into Mr. Dangote and he said something that changed my entire life!
“He said ‘To be a rich person, you must find a product/service to sell every day!
“He said if I made 100,000 naira a day in profit that at the end of the year I would have made 35,000,000 naira.
“I started looking for what products to sell DAILY…
“I planned daily Sales of eggs – 6,500; layer birds – 200 crates; I built 2 poultries in 4 years.
“CatFish – 20,000 capacity; Broiler Birds – 4,000 capacity; Cockerel – 3,500 capacity; Goat -150 capacity; Fields (I hate planting) – 10 hectares.
“I had to discipline myself.”
Ibeawuchi added, “After we developed farm products, we face the challenge of poor market segmentation, price inconsistency and spoilage.
“The future of agriculture I realised belonged to farmers who participated in the entire Value-Chain. Ella’s FoodBank was started in November 2019 and by March 2020, coronavirus happened and Ella’sfoodbank is gradually becoming a household name and we are building a processing plant to package farm produce in Abuja. I have edited and left out some part of my story. I pray u find some encouragement”
HOW I MADE 10 MILLION NAIRA without owning a company or Product.
Fresh out of Caritas uni Enugu, I started TRADING CATTLE 🐄.
I found myself in Gumel( the Nigeria/Niger border), Kastina, Maigatari,
Katagun, Azare and Pastikum.
We will load 16 tire trucks with 34 cows 🐄 pic.twitter.com/DzbeKABiFD
— AgricQueen (@ChimdiIbeawuchi) October 3, 2020