How I Made Over ₦10 Million Profit in 6 Months Trading and Storing Egusi

Hello, my name is Bash, and today I’m sharing how I made over ₦10 million in profit within just six months trading and storing egusi in Nasarawa — yes, the same egusi you know from egusi soup. No export involved. It was all local trade. Want to know how? Keep reading.

What Is Agro Commodity Storage?

Agro commodity storage is simple: you buy farm produce cheaply during harvest, then store and resell it 4 to 6 months later when it’s out of season — for a higher profit. But not all commodities are profitable this way. We’ll focus on a few high-potential products in this post.

Which Commodities Are Profitable?

From my experience (and I only talk about what I’ve done or witnessed firsthand), the most profitable storage commodities are grains and oil seeds such as:

• Sesame seeds
• Egusi
• Rice
• Guinea corn
• Palm oil (especially in the South)

These products are mostly found in the Northern and Middle Belt regions of Nigeria.

Step 1: Buy Directly From Farmers

The first step is to go straight to the source — the farmers. Buy from them immediately after harvest.

Be careful:

• Avoid paying farmers upfront. Things can go sideways.
• Watch out for middlemen posing as farmers. Some adulterate the produce (e.g., adding sand or chaff) to make it look like more volume.
• Only buy well-dried egusi or ensure it’s dried before storage to avoid spoilage.

Step 2: Secure Your Storage Facility

Before buying any product, secure a reliable storage facility in or near the farm market. Most are affordable and secure, but theft usually comes from within — often the warehouse manager.

Tips:

• Appoint a trustworthy store manager, preferably someone who lives in that area.
• Or better yet, manage the store yourself if you reside nearby.

Step 3: Wait for Prices to Go Up

Once your goods are stored:

• Wait for 4–6 months post-harvest.
• As supply decreases and demand remains constant, prices go up naturally.
• This is your profit window.

But timing is everything. Don’t rush the sale.

Bonus Tip: Build a Local Intelligence Network

Here’s a secret that saved me millions:

Create your own network of “food soldiers” — people in the market community who are not your staff, but loyal to you because you help them occasionally (e.g., gifts, t-shirts, baby support). They’ll give you real market info, not the manipulated prices your store manager might report.

True Story: How I Prevented a ₦300K Scam

In 2017, I stored bags of egusi. My manager claimed the price was ₦22,000 per bag. I verified with my three food soldiers, and all said the market price was actually ₦25,000.

Later, I caught my food soldier and manager conspiring — trying to shortchange me by ₦3,000 per bag. With 100 bags, that’s a loss of ₦300,000 in one day! If that happened five times in a week? That’s ₦1.5 million gone. Don’t joke with this advice.

How I Made Over ₦100 Million in 6 Months

This happened in 2018.

• I bought 1,300 bags of egusi at ₦11,000 per bag.
• During harvest (August–September), prices ranged from ₦11,000–₦16,000.
• By January (just 5 months later), prices peaked at ₦95,000 per bag.

Do the math:
₦95,000 x 1,300 = ₦123.5 million
₦11,000 x 1,300 = ₦14.3 million
Profit: Over ₦100 million

This kind of windfall doesn’t happen every time. But even on a regular day, you can earn ₦10,000 to ₦18,000 profit per bag. And every 4 to 6 years, markets may boom with a “hammer season” like mine.

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Final Words

If you paid close attention, this blog post could be your breakthrough business idea. I’ve shared both strategy and hard-earned lessons.

👉 Download my book to learn more: bash1.com/sp/newbook

Don’t forget to share this post — you could be unlocking someone else’s success.

Thanks for reading.
— Bash