Hello House,
My parents are thinking of a business to venture into that won't sap their time/energy. So a colleague at my mum's office suggested that she buy an oil tanker(petrol) and give it to total to use, saying he's also into it. he says it pays him about a million naira per month and it seems she's made up her mind. she was told it's capital intensive (10 Million to purchase a tanker) .. they said she can get ROI in a year.

Abeg Nairalanders, if anyone konws a thing or two about this oil tanker biz, lemme know so that I can give them sound advice.

all of us go make am in Jesus name.

pls anyone with an experience in buying and renting/leasing a petrol tanker?

If your parents have the fund to buy the truck and lease to TOTAL NIGERIA, its a very good business. And a truck is more than 10 million.

amp01:
If your parents have the fund to buy the truck and lease to TOTAL NIGERIA, its a very good business. And a truck is more than 10 million.

I just want to know its viability in Nigeria, and the risk involved

chemgee:
I just want to know its viability in Nigeria, and the risk involved

If he is buying and leasing to TOTAL NIGERIA, there is no need for viability and risk. TOTAL NIGERIA PLC, takes all the risk involve. They take care of the truck, fuel it, do maintenance and other things. What you do is wait for your alert by the end of the month. But if yours parents want to do it by themselves, then its another kettle of fish.