Saturday, December 12, 2009

Percentage Profit [%]
= [200,000.00 – 70,000.00 – 14,000.00] 100
_______________________________________________ * ____ = 138%
70,000.00 + 14,000.00 1

This implies that you stand to make N 16,000.00 as PROFIT.
Now if you put the amount invested plus profit in a fixed deposit account in Nigeria for a period of 12months a maximum of 14% interest rate will be added; mathematically it will look like this:
14 1
200,000.00 * ____ * ___ = 28,000.00
100 1
This implies that a profit of ONLY N 28,000.00 will be realized from such an investment.

Now imagine what you stand to make as profit if the same amount of N 200,000.00 into a maize plantation.
It is important you realize that with irrigation we do not have to wait for the rains and with the use of fertilizers to enhance soil and plant quality we can cultivate maize all year round.


With an initial investment outlay of N 84,000 per acre for a cultivating all year round; this will yield gross revenue of
N 316,000.00

This can better be explained mathematically thus:

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