“I regret this business” – Nigerian man buys truckload of yams N20 each from Makurdi, sells at loss in Lagos

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A Nigerian man, identified as Irikefe Ogaga, has narrated how he ended up with huge loss in Lagos after buying yams from Makurdi.

According to him, he heard that it was a profitable business, and he believed he would become a top shot after reselling the yams in Lagos. 

But when he bought the yams and went back to Lagos, he was informed that he could not sell the yams since he was not a member of an association. 

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He had to sell the yams at a discount after spending a lot of money on road taxes.

He narrated on Twitter, “2014 I went to Makurdi and bought tubers yam. Those huge ones were sold for 20 naira. I said it’s a gonna be nice to take to Lagos. That they sell yam for 200-300. I was foolish sha. Got that J5 van, loaded it with yam of like 40k. We headed to Lagos that night, oh boy. I dn buy land for lekki for my mind from Benue.”

“There’s this agric tax force and police. Each check point is like 500 naira bribe. You Must Pay or else na wahala. Spent thousands of naira for police, finally got to Lagos and was asked to go to Jobowu that they’ll buy the yam. Lies. Omo, they told me that they don’t buy yam from people who are not part of association.”

“For me to sell yam I must be part of association. Guy, where I wan our yam? They forced me to sell a give away price because I was not part of yam sellers association of Lagos. Huge loss coupled with risking my life. Never again.”

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Check the post below:

There’s this agric tax force and police. Each check point is like 500 naira bribe. You Must Pay or else na wahala. Spent thousands of naira for police, finally got to Lagos and was asked to go to Jobowu that they’ll buy the yam. Lies ? Omo, they told me that they don’t buy yam

— Florida Man (@irikefe_ogaga) April 22, 2023


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Social media users trooped to comment section to share their thoughts. Some reactions are shown below:

Oska King said, “You gave up so easily, by now you could’ve been a major exporter of yam.”

Ifeanyichukwu Agwu said, “Everything in Nigeria has a cartel. That’s why we can’t make much of progress unless we break these cartels by creative means.”

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Kemity coon said, “Funny thing! You would have been projecting your profit and boom lagos people shock you.”

@DHKRULLAH said, “Market research bro”.

@TNU_K_ said, “You should have done yam yard sale ??”.

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