Wizprodigy:

Even $9 million is pure fraud. Cassava starch would even give you that amount in 1 year. Who eats cassava starch when there is wheat flour? Cassava starch and bakers went on strike? Haba, unless they are making it in zimbabwean dollars then.

mallamseifaldin:
$9billion dollars?
Na him our economy dey collapse?


Baba please do something our enemies have started laughing at us.

veraponpo:

It is either he said N9b or $9m, it couldn't have been $9b for that company alone.

Very impossible case for now.

proffemi:


Must you see everything through the lens of ethnicity? You're better than this (at least, I hope so).

Nawa4nl:
[size=13pt]the whole country is going to waste under b00hari.

By the time B00hari don finis N1000 to $1

Before B00hari got elected look at the Naira to the dollar.[/size]




[size=13pt]Look at the Naira today[/size]

[img]http://i.onthe.io/vllkyt3bd2k40g95r.19daa360.jpg[/img]

[size=14pt]B00hari is killing the country as he goes travelling around the world
While at the same time appointing Northerners to every post
[/size]

Holyman3:


So because it's industrial starch, a farmer in Ibadan did 9Billion dollar transaction without our knowledge?

Please how much did Nigeria get in oil sales last year?
How much did this company pay in taxes since the CBN man seemed surprised that such transaction happened in Ibadan.

tuale4u:
with patience, our economy will improve

truthisbittar12:


may $9mil not billion,
nairaland dey post rubbish to seek attention.

kayfra:
If one processing plant can make $9M dollars. Imagine if we have 100 of such in the southwest?

It only takes about 6 months to set these things up. Our governors are sleeping.

kayfra:


Don't be ignorant. 1 ton goes for $500 and you have 20 tons in a container. You need to have shipped 900 container loads to make $9M. An easy feat and 900,000 containers to make $9B. An arduous task.

EreluY:
I AM IN THE UK, SMILING.

Wizprodigy:

Even $9 million is pure fraud. Cassava starch would even give you that amount in 1 year. Who eats cassava starch when there is wheat flour? Cassava starch and bakers went on strike? Haba, unless they are making it in zimbabwean dollars then.

doctokwus:
This is ethnic rivalry taken to ridiculous heights.
What is nigeria's total oil export,is it up to $9b that just industrial starch from just one company,not even entire agric export wud fetch $9b?
Maybe they meant 9b Zimbabwe dollars!

kayfra:


Don't be ignorant. 1 ton goes for $500 and you have 20 tons in a container. You need to have shipped 900 container loads to make $9M. An easy feat and 900,000 containers to make $9B. An arduous task.

loomer:



You wey no ignorant, if truely that kind thing dey happen why the govt dey cry of falling oil price? Why not just concentrate more on the startch export?

Make we stop dey fool ourselves and face reality.

Kennydoc:


Even at that, let's assume 1 bag of cassava flour weighs 50kg, just like a bag of rice.
1 ton = 20 bags
20 tons = 400 bags = 1 container
900 containers = 900 x 400 = 360,000 bags

360,000 bags is approximately 1,000 bags everyday including weekends for a whole year.
Please which fictitious company can singlehandedly achieve this feat in Nigeria?

kayfra:


That's why some people are building houses while others are stealing their nails.

Wake the *uck up!

Adenex3051:
I was born, bred and not only buttered but also "amalad,gbegirid and ewedud" in Ibadan. So I say it all sense of responsibility that I know Ibadan well. I hereby challenge Mr Mu'azu Ibrahim to mention the $9billon starch company in Ibadan,
otherwise he should go perpetrate his lies elsewhere

kayfra:



This is a small to medium scale plant for sale with the following capacity

Output capacity:
5 tons/hour, 7 tons/hour, 9 tons/hour, 12 tons/hour, 15 tons/hour, 18 tons/hour, 20 tons/hour, 24 tons/hour

http://www.alibaba.com/product-detail/cassava-flour-processing-machine-with-competitive_60355291819.html?spm=a2700.7724857.29.1.xq26PJ

Do the maths and shine ya eye.

Nigeria is the biggest producer of cassava in the world.

Rank Country Cassava Production (MT)

1 Nigeria 54000000
2 Indonesia 24177372
3 Thailand 29848000
4 Democratic Republic of the Congo 16000000
5 Ghana 14547279
6 Brazil 23044557
7 Angola 10636400
8 Mozambique 10051364
9 Viet Nam 9745545
10 India 8746500
11 Cambodia 7613697
12 United Republic of Tanzania 5462454
13 Uganda 4924560
14 Malawi 4692202
15 China 4560000
16 Cameroon 4287177
17 Sierra Leone 3520000
18 Madagascar 3621309
19 Benin 3295785
20 Rwanda 2716421

Tell me how it is not possible?

Kennydoc:


Interesting!
Though I doubt the possibility of one small company getting as much cassava as can produce 50tons or more of cassava flour per day.