In 2008, David Johnson invested #10 million naira into tricycle business (keke maruwa business); the same year another man (name withheld) invested #10 million naira into the famous multi-family 1004 apartments situated in Victoria island (one of the biggest and largest estate seated on 11hectares of land).

Today, many people are occupants in the multi-family apartment. He has built several others, with the revenue generated from his real estate investment and his portfolio has increased tremendously.

While David was not doing badly at all in his tricycle business, he was able to buy a car worth of 5million naira from his revenue.

Considering the population in Lagos, it was easy to get passengers to ply his tricycle, he generated enough money that he forgot it’s not an asset, that he invested another 100 million naira into this business. All he wanted was at his disposal. Investing 100 million naira into tricycle business again was the biggest mistake he ever made in his entire life because few months after his investment, the government placed a ban on keke maruwa which would have generated massive returns, but unfortunately, all the money he had invested into it is now a waste, shortly after he had invested so much hoping to make massive return and become wealthy beyond his imagination based on his calculation. But all his dreams were shattered. Today when you look at the major road you cannot spot a single keke (tricycle) on the road.Would you say he made mistake by investing in transit? Certainly know, but still the kind of investment matters. Name withheld had invested in Fairfield apartment with the returns he has made from his previous investment in addition to the 10 unit of apartment he has been earning rent from. continue reading[url][/url]https://amh.ng/blog/2020/08/25/asset-or-liability/

I don't really get what you are trying to pass here,are you saying that investing in estate is liability and investing in tricycle business is an asset or what they used their profit to do?