Hello my Fellow Nairalander, Compliment of the season,

A friend who has been in England just return home (To Abuja - Nigeria) with "lets say almost nothing" but he has about N1.1 million which he hope to start life with. He's already gotten an apartment in Abuja (where he which to live) for about 500k and he hoped to start a business with 500k and sustain himself with the other 100k. Part of the 100k has almost gone down the drain through business and investment research. Now, he has decided he want to go to Coutonu (Republic Of Benin) to buy a car and use for private/executive taxi business (Which he's going to be driving himself). He does have concerns about the risk associated with buying and bringing cars from Coutonu, considering that fact that its his last cash (and not in his nature to bribe/settle) and he has no one to fall back to. My question is;

1). What do you think about Cars and Investment?

2). Is the business move a smart decision and advisable?

My people, please i need a genuine advice and comment that will help this friend and Nigerian brother who has just returned home. This guy has no qualification; in-case you want to suggest he should look for a job and has no business training.

Thank you very much and i look forward to your response.

If he is going to be driving it by himself, that will be good, but I will advise that he buys a car in Nigeria and not take a risk of going to Cotonou, since he is not used to the business of bringing in cars; he might lose the remaining money in the process

Also, if wanted, I can help him source for a good car within the same range (I live in Kano though, but come to Abuja a lot). He can reach me through precmage@yahoo.com