Bread seller turned model, Olajumoke Orsaguna whose story inspired millions, needs more than N5 million to start a bakery. Encomium reports.
There are plans by Sijibomi Ogundele (of Sujimoto Construction) to bankroll a bakery for the Iree-born hairstylist who photo-bombed TY Bello’s shoot of Tinie Tempah on February 2, 2016 and became a celebrity. And aside the building for the bakery, more than N5 million will go into the purchase of equipment and materials. The budget also excludes staffers that will man the bakery.
He Said that things depends on the locality, that is, the area where you want to erect the bakery. Doing a bakery business in Matogun is quite different from doing it in Ikeja, Obalende and several other places in Lagos state. Things to consider are the targeted consumers.
There are areas where you do not have to make bread because people won’t consume it because they prefer the Agege bread. But setting up a mini – bakery nowadays, let me just call it mini, you must have at least N5 million.