Ugu Vegetable Business: The ATM machine in Your Backyard

One of my friends said that “if
anyone tells you that there are no opportunities, he or she is merely
kidding.” Opportunities are everywhere, most often, our problem is that
we don’t see them around us. Today, I bring to you an opportunity that
may turn your backyard into an ATM machine.

Ugu vegetable – Ready to cook

You must have heard
about Ugu. Perhaps my assumption wrong. Anyway, let me quickly tell you
about Ugu before I go into the real business. Ugu is scientifically
known as Telfairia occidentalis and it is mostly planted in the southern
parts of Nigeria. Often times, Ugu is planted because of its edible
leaves and sometimes, because of its seeds which produce a special kind
of oil used for cooking and soap making. I will stop here since I do not
intend to write a botany text book.

Now let us go straight to
business. Let me quickly tell you what you already know. In Nigeria,
there are several vegetables such as Tete, Gbure, Waterleaf, Shoko, Ugu,
Ewedu, Bitterleaf etc. But of all these vegetables, Ugu is the most
expensive and most cross-cultural. This is because it has a high market
value. Unlike Ewedu that is common among the Yorubas, Ugu is eaten by
almost everybody in Nigeria, including Boko Harams. Are you surprised?
Well that’s the truth, and that’s why you have to exploit the
lucrativeness of the Ugu business.

For the purpose of this
article, I will sectionalize this article according to the geographical
location of the reader within Nigeria. This becomes necessary because
the variables involved in the Ugu business depend on your location. So
take a deep breath, and read on.

Rural Dwellers

Do I need to
define a rural area? Well I will do so, so that you will not flaw me on
the grounds of ‘clarity’. Briefly, a rural area has at least two of the
following characteristics.

* Availability of land

* Most of the inhabitants involve in primary production such as farming, fishing, palm wine tapping, etc.

* The population is relatively low.
 
Now
that you have an idea of a rural area, let us continue. Ugu is very
cheap in the rural areas because most of the inhabitants have Ugu
plantation in their backyard. For instance, Mazi Okonkwo has Ugu in his
compound, and Mazi Okafor has Ugu in his backyard and farmland. So you
see? Ugu is quite valueless in the rural areas where they are mostly
planted. That is why people living in the rural areas either get it free
of charge or buy it for as cheap as #20 per one hundred leaves.

As
a rural dweller, what then can you do? You can plant Ugu in your
backyard or in one of those farms owned by your family or relatives. In
less than two months, you may harvest your Ugu and take it to the market
in the nearest cities and sell it for a fortune. There are so many
market women in the cities who are desperately looking for suppliers, if
you are lucky to find them, you could always supply them almost everyday.

Perhaps, you do not want to go through the stress of
planting Ugu, you may become a supplier. You may go to Maxi Okonkwo or
Maxi Okafor and buy it at a very cheap price. For instance, you could
buy a sack of Ugu for as cheap as N1,500 and sell it for N3,000 and
above in the nearest city near you. You could buy ten sacks and supply
them within two days and make over ten thousand naira. Can you see that I
did not lie when I said that Ugu business is an ATM machine in your
backyard?

Urban Dwellers

Again, for the sack of clarity, permit me to briefly identify some paramount features of an urban area.

* Agricultural land is scarce.
* Most of the people work in service rendering organizations.
* The population is relatively high.

Urban
dwellers as much as their rural counterparts can also exploit the
lucrativeness in the Ugu business. Unlike the rural areas, Ugu is very
expensive in the urban areas. What the can you do as an urban dweller?
You could decide to plant some Ugu seeds in your backyard. I know as
much as you do, that land is scarce in the urban areas. 

Well, you don’t
need a large piece of land to plant Ugu, all you need is a small piece
of land. If you are a tenant, don’t worry still. There are so many
barren plots of land in the cities looking for people to cultivate them.
The owners of those plots of land are tired of paying laborer to weed
them, so they will be very happy if you volunteer to farm on those land
and save them the cost of paying laborers to weed it. 

Sincerely, the
owners of the land may be very skeptical at first, but after much
thought, and your persuasion, they will give you their say-so. And it is
now your duty to turn the piece of land to an ATM machine by planting
the golden Ugu on it.

Um, is the process discussed above too
rigorous? Okay, there is an alternative. You may decide to travel to the
nearest rural area around you and buy the Ugus at a relatively cheap
price and sell them to the market women in the cities. But you must be
ready for the stress of traveling to the remote villages because that
is where you can buy it for a very cheap price and sell it for twice the
amount of purchase.

Merit Of The Ugu Business

* Large market– as stated earlier, Ugu is eaten by almost everyone in Nigeria.

* It can be easily transported by road. It is not like electronics or cows that may need licenses.

* As a plant, Ugu can survive droughts.

* Ugu seeds are not expensive and very easy to get.

* You can start the business with a token.

* The business can be done on part-time basis.

* The minimum profit you can make is double of your investment.

Precaution / RISK

*
You must protect your Ugu farm from goats and other herbivores. If you
are careless, they will reduce your farm to a football field.

*
Friends and Family Members– as soon as you start the Ugu business, your
friends and family members may expect that you give them free of
charge. That is why you need to be very careful, I am not saying you
should be stingy, but be smart, otherwise your generosity may ruin your
infant business.

* Ensure you get reliable customers before you
harvest or buy Ugu from the rural areas. This is because vegetables only
command high prices when they are still very fresh.

I hope you
now see that Ugu business is a very lucrative business? I wish you all
the best as you consider it one of the business you want to invest in.

Written for WealthResult.com by Ademule David Oluwashina.