N-power Beneficiary makes a breakthrough with N30,000 Stipend, encourages Batch C Npower Beneficiaries

One of the 500,000 beneficiaries of the Federal Government N-power Programme has recently narrated how he made a fortune in tea business through the support of the monthly N30,000 Stipend paid to the N-power Beneficiaries.

Malami, a 2016 N-power Beneficiary resident in Gashua headquarters of Bade Local Government Area in Yobe State sharing his story with Daily Trust https://dailytrust.com/npower-beneficiary-makes-fortune-in-tea-business stated that eventhough he did not start recieving the monthly Stipends with others when it commenced in 2016, he was still able to save up for his business that paid off.

Malami narrares.....

“Upon receiving my first payment in 2018, I quickly initiated a monthly contribution of N20,000 with 12 of my friends and asked them to allow me take the first deposit of N240,000, which they did.

“I had plans on how to invest the money, so I quickly joined another group of monthly contribution. I have been using the money to do some little buying and selling.

“I had taken my time all along to do some feasibility studies on the gaps that exist in business around my area  and consulting my relatives on my plans to start a business.

“From my research, I learnt that we have bulk  of tea sellers in the town that mostly source their recipes from Kano  and I became so eager to use that golden opportunity to invest in that area.

“I ventured into the business with N250, 000 capital, and within a short period I pulled in many customers.

“I didn’t wait for customers to come to my shop, I also went to distribute the items to their doorsteps. As I got more profit, I kept enlarging the business.

“I sell tea bags of different varieties and recipes, such as cloves, ginger, lemon grass and so on. I also supply noodles and other beverages to my customers,’’ he said.

Malami noted that the tea business is such he could advise any youth to venture into as it pays.

“As I speak to you, I get nothing less than N300,000 as daily sales turnover  and  I make a  profit ranging from N5000 to N30,000 daily, depending on the volume of customers I have for the day,’’ he said.

The N-power Beneficiary who expressed gratitude to the government of President Muhammadu Buhari for bringing the empowerment schemes aimed at reaching and uplifting the lives of the poor urged the government to support small medium enterprises with loans and link them up with companies who would supply them products at discount rates.

Malami also advised Nigerian youths engaged in the Batch C of the Npower programme to properly utilize the opportunity and invest to be self-reliant, stressing that government can not employ every Nigerian.

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