Ubi Franklin Reveals Food Vendor Investment Idea He Says Could Generate Billions

(Ubi Franklin. Photo by Tribune Online)

Ubi Franklin, a talent manager and entrepreneur from Nigeria, has offered an investment proposal that he thinks might bring in billions of naira by lending money to tiny food vendors that operate in crowded, bustling regions.

According to Franklin, there is a significant economic potential for investors who are ready to give Nigerians working capital because so many of them operate outside of the official banking system.

"You see, the unbanked have a lot of money," he remarked.

Franklin suggests that investors concentrate on small food sellers, especially those who operate near automobile parks and other busy locations.

"If you live on the mainland or in a populated area where all these Mama Puts come to give food at the motor parks, you can become a billionaire just by investing in 500 of them," he claimed to anyone viewing the video.

He clarified that an investor may give each vendor ₦50,000 to support their daily sales and cooking, with the vendor returning a certain percentage of the earnings.

Give them $50,000 and return each day. Are you aware of their daily earnings? Franklin inquired.

Although he admitted that the numbers can differ, he stated that certain food vendors might make a sizable amount of money every day.

Assume they spend $30,000 on food preparation. They earn over 250%. He remarked, "I know the conversion is always crazy."

Franklin then used a fictitious vendor that gets ₦50,000 per day as working capital to demonstrate how the business might operate.

Imagine, then, that you give them $50,000 to cook each day and they return with $200,000. Or perhaps they return with $150,000. "Just an example," he remarked.

He said that the investor might withdraw ₦50,000 from the sales and give it back to the seller as capital for the following day's operations.

You take $50,000, give them $50,000, and they utilize the remaining $50,000 to carry on cooking. And you take fifty thousand dollars from them every day," he said.

The possible yearly returns from a single vendor were then determined by Franklin.

Multiply $50,000 every day by 365 days. It's crazy money. 18–50. He remarked, "That's on one person, on just one person."

He proposed that expanding the strategy to include many providers might result in significantly higher numbers.

50k, 365, then. 18,250 is that. Assume you bought 50 or 100 of these. Assume you made a 100 investment. Franklin stated, "That is 1.8 billion."

His remarks were predicated on the idea that every vendor could reliably produce the specified daily returns and on a fictitious investment model.

Sales, food expenses, location, company performance, and the conditions set forth by the investor and suppliers would all affect actual profitability.

Entrepreneur Ubi Franklin shares the fastest way to become a billionaire in Nigeria pic.twitter.com/aUZBJS1YR8

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