A colleague of mine is returning to Nigeria to start his life afresh. He does not have a home/place to stay in Nigeria. He has a school leaving certificate(WAEC). He is in his early 40s. He has a savings of 400, 000 naira. Can the money cover up for accomodation, new career, and daily expenses?
How best can he utilize his savings?

Where is he coming from?

l can relate with this as my regular cab driver in Lagos came back in 2012 from ltaly after 6yrs to start afresh, he got married last April. l suggest he looks for someone to squat with because that is his seed money to start a business. lt is well.

In his 40s?

That's a pretty tough one!
Even with a degree, its tough, and now none! Sorry. Hope he has a skill that will care for him? Business isn't it in this case. Or rather, what business is he looking at?

He should try and squat with a relative ( NOT FRIEND) and try not to spend his money anyhow.

Does he have any experience or skills in particular ? If he does, he should try to put it to use here in Nigeria

I know it is not easy

he should just buy a keke marwa and join d queue....

He should rent a single room apartment, and buy a taxi with the remaining

DavidJohnDavid: A colleague of mine is returning to Nigeria to start his life afresh. He does not have a home/place to stay in Nigeria. He has a school leaving certificate(WAEC). He is in his early 40s. He has a savings of 400, 000 naira. Can the money cover up for accomodation, new career, and daily expenses?
How best can he utilize his savings?

My seed money back then was 900k. I was young, risk taker and ventured out to find my place in the world. I had nobody just me alone and my can do spirit. I opened business and in 5monthhs time I ran into debts and instead of going neck deep into more debts I had to shut down business and pay off debts. This is the lessons I learnt.1 keep your money and look for people already in the line of business you are into and learn the day to day running intricacies. 2 create a network of people that matter in your field. 3 have acess to good loan facility. 4 make sure you have the right amount of money to sustain you and the business for at least a year. Remember that odds can change anytime and make a plan in case your 400k vapourises cos life goes on. The only down side you may have is age not on your side so, your plans has to be sound proof. Unlike most of US who made moves earlier in life and can afford and experiment with lil to lose.