₦airaland Forum

DrDoc:
The problem that got Adam and Eve was pursuit of excess knowledge. Many times the problem in business is when people are too educated it causes problems.


I only posted what I did for education purpose, i've realised a difficulty in doing biz with you. I'm not in tune with your psyche. Its clear for me to see. Business that isnt yours, you want to determine profit and sharing ratio, exit clauses and set penalties.

I wonder where i ever said there are no risks. But rather after years of experience have mastered areas of risks. You are not ready to do biz and cant do biz.with any body with your state of mind. No worry, next year July, i go don cross 150M on my personal earnings.

I'll grow my biz at my pace. May you find people who can do you. No be me. No one dictates my business policies. That's why I'm my CEO

Let me be honest …. from the very first day I saw your so-called proposal,

I saw gigantic red flags.

In fact, the thing be like alarm bell wey no get off button for my face.

You really dey ask me for 25m for proposal …

Someone who can’t handle being questioned without taking offense… get all defensive and confrontational


If money was as cheap and easy as the way you make it seem like ,

even b€ggars would be shareholders by now . With all the pride and empty noise in your words, you’d think na your words dey print currency.

If na so e easy, why you never waka enter bank make dem fund your dreams straight?

DrDoc:
In forex or commodity trading, there is a principle known as increasing the trade volume. This means when a trader makes a certain profit, he increases his trading potentials as a boost to increase his earnings.

In regular business, it is now as compounding interest. In accounting, it is better recognized as ANNUITY.

These business principles indicates that one can start business at a lesser point than desired. Then after cashing out first profits, the business person can scale up productivity with increased earnings in sight.


It applies in agriculture. It simply means if Peter can generate 250% his profit in a single trading season. All he needs to do to make more money, is not to grow the same size in his first cultivating season, but to increase his production using his 250% interest which has compounded with his initial profit.


If you use any figure and work the maths on how any business venture can use 250% profit in its first production cycle and use in its next, you would see that the next production cycle is i.e Capital x 250% = Second Season, which equals to = First Capital + 250% earnings x NEW PROFIT COIFFICIENT which means one can earn 600% of startup interest of the initial value at the very start at the beginning of phase One. This is how Issac made 100% of his returns in his first farming in the Bible.

Check it, it is there.

To cut to the chase:

I’ll be honest… I had no intention of responding to you ever again, for reasons too numerous to list. But then again business is business, and emotions have no place in it.


Now back to what I am about to say

Let’s not pretend this is more complicated than it is … because truth be told, you and I both know Everything you just explained in your last message , is infact what I stated up there … All you did was restate the same thing with different words. But that’s fine

To clarify again, for the record:

• The seed capital of ₦1.5 million gives 12 tons of maize.
• At ₦425,000 per ton, that’s ₦5.1 million in revenue.
• Take out the original cost, and you’re left with a ₦3.6 million profit.

Now for the second cycle … That ₦1.5 million has already been spent. What’s left to reinvest is only ₦3.6 million. So:
• Reinvesting that gives 28.8 tons.
• Sold at ₦425,000 per ton, that’s ₦12.24 million in revenue.
• Remove the ₦3.6 million invested, and you’re left with a ₦8.64 million profit.

In short, the total picture is simple: two cycles, ₦12.24 million in total revenue, ₦8.64 million in real profit (yearly) .

Like I said … you and I are playing the same tune. Only difference is who started the melody.

But let’s leave the arithmetic for now. What I truly came seeking wasn’t calculation …. it was clarity.

Because while the numbers sound sweet, not all that glitters is gold. And you and I know too well: Farming is beautiful, but totally unpredictable. Prices fluctuate. Weather happens. Labor fails. Markets shift. Logistics break. And when any of those things do happen, it’s not the Excel sheet that takes the hit …. it’s the investors ( the one who put money down ) .


You’ve painted a compelling picture, but what’s the foundation? Can you honestly say… without hesitation… that there are no hidden risks? That this will unfold exactly as planned?

If your answer is a resounding yes… one that holds up under scrutiny… then I’m open to it .

Send me your email.

I’ll forward a formal proposal with clear terms: profit-sharing, exit clauses, penalties, and every condition in black and white. Lawyers will review it… because while a handshake starts the journey, a signature secures it.

So again, if you’re ready … truly ready … send your email.

Like I told you, I’ll be back in a couple of months time. But you can drop your email now, and we’ll begin from there.

Ammmy:
Get out joor. Mr inheritance

Thanks for your empty comment. It’s now floating in the bin of irrelevance. Now keep Scrolling , This thread is for serious discussions only …

DrDoc:
Let me answer you this way. Go back and review the document more patiently

!!!!!

DrDoc:
I'm tired. I cant see myself going round in circles when a fixed mind is the problem. If im assumed to be a scam, it is always my yradition to accept and take the next turn. Like i said, i've moved on. Next time read information much more patiently and without negative biases

I honestly didn’t expect this kind of reaction from you.

Let me just clarify once again ….

at no point did I say you’re a scammer or make any personal attack towards you .

I only did what any responsible person would do before putting money into anything serious: I asked questions.

You’ll recall that it was even your own idea that I share the proposal with my lawyer during my time away. I was about to go ahead with that, but on second thought, I felt it was wise to personally revisit the details once more. So I honestly don’t understand where all of this stuff is coming from .

If asking valid questions or exercising caution is being interpreted as bias or negativity, then maybe this just wasn’t the right fit after all … Like they say, “A man does not run away from the rain because he hates water … he does so because he knows his clothes will get wet.”

If you ever reflect on this again, I hope you’ll see where I was truly coming from.




That said, I’m still open to working with you, …. Well, not because I don’t see the risks, but because I genuinely want to understand them.

I’m not the kind of person that runs away from opportunity just because it looks bold or ambitious. I’m only the kind that likes to understand fully what I’m stepping into. ( key word “understand what I am getting into” )

Let me know your thoughts.

Have a good day

DrDoc:
Again, i accept your rejection. Next time, read information more patiently to not project.misinformation and bias based on a negative outlook to get the writer's actual outlook than an assumed one

Oga how am I projecting misinformation ?

Rather than engaging with my concerns . You Dey talk about the issues with my reading or mindset … especially in a business where constructive dialogue and transparency should be welcomed , not shut down

DrDoc:
I'm comfortable with your rejection

But, I know what i know and rep what i rep


Thanks for the time all this while

Just to clear the air …. my message wasn’t to shut things down. I was simply being honest with you, and with myself.

Like Warren Buffett once said, “Low expectations are the key to staying cautious and avoiding unrealistic desires in business.” That quote couldn’t be more relevant to this situation.

I’m only trying to make sure that excitement doesn’t cloud my judgment or blind me to reality. If things truly play out exactly as you’ve planned, I’ll be the first to give you your flowers … But as someone who is seriously considering putting in money, it’s my duty to ask the right questions and ensure that the numbers hold up in the real world.

So there are no hard feelings brother . just believe in doing things the right way …. with clear agreements, realistic expectations, and complete transparency on both ends . If we’re aligned on that, I’m definitely open to further discussions .

That being said, I was genuinely just about to send your proposal to my lawyer. But on second thought, I chose to sit with it again and go through the details more carefully myself.

You know how they say, “The man who wants to cross a river must first check the depth with both feet.” In matters like this… especially when money is involved… it’s wisdom to pause and look closely. Because, “Not all that glitters is gold”

I believe in giving people the benefit of the doubt, but I also believe in due diligence. As much as I admire your drive and ambition, I still have to proceed with sense and caution.

So I took my time, did the maths again, and tried to imagine how I’d even present this to my lawyer … that someone I came across on Nairaland is offering to turn ₦1.5 million into ₦8 million in one year. Let’s be honest …. put yourself in my shoes and think about how that sounds. It’s the kind of offer that will make anyone want to pause and ask questions .

Again, I truly respect your vision, your confidence, and the groundwork you’ve laid out so far. But I also have a responsibility to be realistic and fully accountable for any decision I make on my end .

DrDoc:
I am open to business. Why would i reject business offers ? I have an alternative idea. Lawyers need time to draft business agreements and crop farming is time sensitive, would not wait for agreements to be finalized. Why dont we do it this way. Why dont you debrief your lawyer about the inititative, then we use the three months of your break to prepare and review the documentation ahead of your arrival. Then when you arrive, we know its only putting pen to paper thats left ?

Good evening


First thing first

So I spent the whole day doing absolutely nothing, so I decided to go through your proposal yet again. This time, I read everything very slowly, like I was decoding Da Vinci’s code.
But one line nearly made me drop my phone…. the part where you said 240% return per cycle. Omo!

So, if I understand correctly… you’re saying if I invest ₦1.5M, by the end of two cycles (aka one year), we will be looking at ₦8M profit? Bros, abeg be calming down. That kind ROI fit raise my ancestors from their grave… even Ponzi people go dey take notes 😆

See ehn, if maize dey pay like this, forget oil, even CBN go start farming. But for real sha… help me understand; I like the confidence and the structure and ambition sha… no lie …
but make we balance am with small reality check. If na so e easy, banks go dey beg farmers with loan. So, talk to me like a partner & brother . Let be 100 percent real with ourselves..

DrDoc:
You need to start to train yourself to work remotely in business. In the next future, remote farms will be the future. While i'm on my missionary adventures, i profram a schedule to be followed while i use Google earth, GIS, CCTV to do followup. You seem as though you're new to establishing businesses from your statement. Because qhen it comes to real business of recent times. It is rhe ability to be productive while absent. I will explain

A client of mine setup a one Billion Naira poultry in ogun state. I can take you there on a tour. The guy is in Europe, but invested trust and good will in its operations


Not forxing you though. But if you want to partner in people's businesses, you are not to seek to own and gain control of its day to day running but to review the risk management, operational protocols and these variables are the guiding factors that guide the biz executions. Dangote isnt in his factory to monitor day to day. Elon Musk too. The central idea is that systems are setup rhat guide amd dorect productivity. If we all do businesses that are only within our knowledge base or control, then we would also invariably be denying ourselves the prospects of disxovering opportunities rhat would be far bigger and better than ideas we function with. Here are some pics from farm visit yesterday

Thanks again for your message. I just want to clarify a few things so we’re on the same page.

If you’re based in Lagos, then there’s still a possibility that we can work together. But for me to go ahead with any form of investment, two things are very important:
1. My lawyer must be involved …. from reviewing terms to preparing proper legal agreements. Everything has to be done with full documentation and transparency.
2. You have to be Lagos-based …. that’s non-negotiable for me. I don’t do long-distance business unless it’s with companies that are already well-established or properly regulated.

So, if these two conditions are in place, then when I am back from my Dubai vacation in about three to four months time, then we can set a date to meet in person. That meeting would be for us to go over the structure, operations, and day-to-day plan together with my lawyer and other professionals. I believe that’s the best way to move forward in a serious and well structured way.

Let me know your thoughts.

DrDoc:
1. How long have you been running this farm business actively?

Five years gathered experience. Launched last year


2. Do you have a registered business name or company for it?

Fully registered with CAC years ago


3. Apart from this proposal, what kind of records or documents do you have to back up past performance? Like pictures,or harvest data?


Harvest visuals.

Pictures and videos


https://www.nairaland.com/8198084/rate-farm-produce-guys


4. Who else is on your team? Or are you running it solo?

There are other persons on my team. Some have invested, others in final talking stages. This includes two Canadian Nigerians on the forum

5. What kind of risks have you faced so far … like weather, market, or pests …. and how do you usually handle those?

As a seasoned producer, i know the weather patterns, when to plant and when not to and the right seeds to suit each season. I have multiple standby markets that includes multi nationals that can buy as much as hundred of million naira worth of produce. Pests have pesticides, well within my knowledge ability.


Like i say to people, Crop agriculture is one of the only industries that can sustain up to 60% loss in event of unforeseen circumstances and still not run into loss..I know the internal maths well enough to boldly state thus.


6. How do you plan to handle reporting or updates if someone comes on board with you? Weekly? Monthly?

I have a WhatsApp group where video feeds are uploaded almost weekly.


7. And lastly, if we were to start small (like we discussed), how exactly would the 1.5M be used ?


Ofcourse, purchase of seeds, manure, payment for labour services, tractor operatoons payment




Be kind to reach me by mail


Creativoutfits ( without an "e" at the end of the vreativ ) @ gmail dot com

Good morning

Thank you so much for taking the time to explain everything to me and for answering all my questions. I really appreciate how patient and detailed you’ve been. Honestly, from the way you talk about farming, it’s clear this thing no be joke for you… you really love it, and you’re clearly putting in serious work.

I actually took time to go through your profile, check the active farms you posted, and scroll through your page. I won’t lie, I was impressed. Everything about your farming is there.. very organized, and you clearly know what you’re doing. I can even feel the passion from the way you present it. That’s a very good thing.

Now, let me just talk straight.. the only thing that’s making me a bit worried is the matter of trust. It’s not that I don’t want to trust you o, it’s just that this kind of business is very different from what I’m used to.

For example, someone once brought me a business idea about buying and selling lights. Even if I had put money there, I would still be involved.. I could look for suppliers, compare prices, and even handle things myself if wahala come. It’s like giving me money to buy toys.. I go to the market, pick what I want, and sell them. I dey control everything from start to finish.

But with this farming matter, it’s not the same at all. I no be farmer. I won’t be there to plant, apply or to check how things are going. Everything is in your hands. It’s like giving money to someone to buy toys for me, but I no fit follow them go market, I no dey see wetin dem dey do, I just dey pray say dem go come back with wetin dem promise.

And That kind of setup extremely risky … I mean doing business in that way or form is like playing sportybet..


don’t get wrong . everything could most probably go well, which is simply amazing… but if anything goes wrong, I won’t have the ability to step in or fix it. And worst-case scenario, if the person I trusted chose to take advantage of that trust… like Judas betraying Jesus
na that one dey worry me pass. If trust break for this kind thing, the loss fit pain well well.
And that would be a really hard hit for me emotionally and financially. In very way possible

Is not like I don’t want this partnership to work. I really do. But because I’d be putting my full trust in you and wouldn’t have any direct control, I just need to be 100% sure that you’re someone I can rely on completely.

DrDoc:
Now, if in 2027, i want to execute lets say 1000 acres charged at 30k per acre if one hires a tractor, that is 1000 x 30,000 = 30M, does it not make sense for me to want to pwn a brand new tractor at 40M that would have a servixe span of 40+ years ?


The tractor purchase is no at the stating cost why qould i use my entire first year earnings for hardware purchase. I am renting for the first years. That tractor purchase is if the first year goes fully optimized or i push to second year. Its just a structural plan towards where i am headed

Thanks again for your explanation.

But to be honest, the way you responded came off a bit defensive and confrontational

almost like you were taking it personal. I’m not trying to attack you or say you’re not legit…. I’m just being careful, as anybody would, especially when money is involved.

If we’re going to work together, I believe there should be room for open and respectable conversation. I’m simply raising genuine concerns so I can understand things better and make well informed decisions .

It’s not beef, it’s just how I operate


That being said, I have few more questions:

1. How long have you been running this farm business actively?
2. Do you have a registered business name or company for it?
3. Apart from this proposal, what kind of records or documents do you have to back up past performance? Like pictures,or harvest data?
4. Who else is on your team? Or are you running it solo?
5. What kind of risks have you faced so far … like weather, market, or pests …. and how do you usually handle those?
6. How do you plan to handle reporting or updates if someone comes on board with you? Weekly? Monthly?
7. And lastly, if we were to start small (like we discussed), how exactly would the 1.5M be used ?

DrDoc:
Accepted. Can we start with 1.5 M while you follow the process from start till finish? I am a lagos based. But Lagos doesn't have vast lands for agriculture.

About having nothing concrete to show. This is wrong. I have visuals of my last year's production. I am awaiting rain to resume and commence this year's production as i write thus very moment. So, i am not a rookie in this industry Sir. We can start somewhere together. When you see my performance, you will come back to ask for more.

I have business documentation that will certify pact of doing business together already. When we discuss privately, i will share it and upon review, we can refine it to become as so desired.


Since you are to know the site of business operations, it is better for you to visit me. Abeokuta isn't a village and if i drop you the Geo location, you can easily use Google to drive to me Sir.


Let me know what you think Sir ?

Thanks for your quick and detailed reply. But I also want to mention something that raised concerns for me when I went through your proposal couple of weeks ago …. “ the idea of buying a tractor for ₦40 million”.

Like I mean, that was a big red flag ….


no seasoned farmer working with limited expansion capital goes straight to buying a tractor. Most people lease or outsource mechanized work to keep costs down and stay flexible. not throwing money at big equipment that may sit idle 9 months of the year.

DrDoc:
Hi AmgAmg,


I'm surprised you did not respond to my proposal even though the risk exposure is very little, yet promising business venture.

Thanks for taking the time to share your proposal in detail. I’ve gone through it carefully, and while I appreciate your vision and ambition, I need to be 100% honest with you:

₦25 million is just too much of a commitment for me. That’s actually part of the reason I didn’t respond in the first place.. in-fact, How do you expect me to put money into something that’s just based on words… I mean purely talk … “I’ll do this, I’ll do that” — without anything concrete on ground. feels too risky, bro.

If there’s room to start with something much smaller …. Let say ₦1 million or less, strictly as a trial … then I’d be more open to having that conversation. But even that would need to be backed with some proper structure, timelines, and the right documentation put in place

By the way, where are you based? I live in Lagos,I’ve never been anywhere outside the states for business. Part of why I’m asking where you’re located is because I prefer to deal with things I can see, visit, or monitor when need be… I hope you understand my skepticism… it’s nothing personal, that’s just how I operate.

Let me know what you think.

PoultryStuffx:
Which one of the businesses are you interested in let me give you more details?

Importation is something I’d really like to go into. I’ve spoken to two people here about it already, but being out of the country right now makes it hard to take any actual steps. Plus, I still have some doubts… Feels like there are some important things I don’t fully understand, and even though it all sounds good on the paper , I’m not fully convinced yet ….

MrNovo:
LOL, okay
1. Whether I or some I know has done SAAS biz successfully or "made it work" in your language is irrelevant here. Because it was successful for me doesn't mean it would be successful for you. Except you are implying that if I introduce you into transport business in Lagos and you are having hard times then I must make it work for you since I introduced you. If you are not ready to do your own research or you have done and the business seems like it's to difficult for you then move on irrespective of the potential profits.
2. You asked this earlier and I replied "software products". Application software, what you call apps, whether mobile or web.
** How much have you learnt on your own about SAAS business in the 48 hrs since I introduced it. I suggest you look at other opportunities as I earlier said the learning curve would be steep for you. Again I won't convince you on what to do with your money since I don't control how you go about doing it, I can only help you with what you already convinced about.

Re-edit*

Appreciate the response.

First thing first

I think there might be a misunderstanding, though. When I asked if you or someone you know has done this before, I wasn't trying to blame anyone for my success or failure. I just wanted to know if there's real-life experience behind it. You see, having someone who's done it before can make a big difference. It's like having a proof of concept that it's possible.

If someone close to you has achieved something similar, it would help me understand the process better. Maybe I could even learn from them or work with them

Also just to mention, I’m not really looking to getting into Bitcoin right now… I don’t like the risk levels involved there. My main interest is something I can understand, shape, and grow over time…even if it takes time and effort.

MrNovo:
1. Software products?
2. Yes, must already have some customers and monthly recurring revenue?
3. Bunch of places, example is flippa, do more research? Prices can range from low $$$$ to mid $$$$$
4. Overhauling is what makes the difference between what you bought in January and what you are reselling in June. It might be identifying additional marketing channels that takes your MRR from $500 to $10k. Or improving the product features or UI/UX. These things (depending on which route you go) may not require more than $1k to $3k?
5. If in a hurry to exit and locking some decent profit you can certainly resell on same platforms you bought, otherwise you wait for the investor to come to you and you exit like paystack did for example.?
If the SAAS biz is what caught your interest then you need to take out time to DYOR. If you are not a techy the learning curve will be steep. However it's more of marketing/salesmanship skills you need to excel. Reason you find a lot of Tech bros never excelling with their own products.
**Of the 3 ideas I gave, the SAAS is the only one that requires you being active on a day to day building things out. The other 2 are more passive.

Good morning bro , Big thanks for all the insight you provided… it really got me thinking though .
Anyway I do have a few more questions to ask, just to get better clarity.

1. have you personally done this SAAS thing before now? Or maybe you know someone close to you that actually did it and made it work? I’m just trying to understand if this thing is real-life possible or just theory. 2. Like… what kind of product did they buy? How much did they start with? And how long did it take before they started seeing real results?

Also let me be honest… I’m not really a tech guy. I studied engineering small, so I fit learn anything wey I put mind, but I’m not into coding or building apps and all that. So I’m wondering, how possible is it for someone like me to succeed in this space, especially without any prior tech knowledge ..

Would really appreciate if you could shed more light on all that. Thanks

MrNovo:
For starters I hope the funds is not idling in Naira while you contemplate. Change it to USA dollars if you haven't done so already. It's just around $100k.

2nd don't meet up. Play safe. You can use zoom for discussions if need be. Name, phone number might not be necessary at 1st until you decide who you want to partner with.

Lastly, I would split the funds and invest on 3-legs.
1. US stocks (you will earn quarterly dividends)
2. Bitcoin Spot trading (I didn't say crypto, rather BTC)
3. SAAS. (Acquire existing small tech companies, overhaul and resell)

Do your research on the 3 portfolios I mentioned before reaching out, that's if it aligns with your interest.

Hey, thanks again for the message. I’m really interested in the SAAS idea.. it stood out to me the most. But I’d like you to explain more clearly

Can you break it down for me step by step? Like:

1. What type of companies are you referring to exactly?
2. Are these companies already making money, or are they struggling and just have potential?
3. How do I find or buy them? Is there a platform where people sell these kinds of companies?
4. Once I buy one, what exactly needs to be done to “overhaul” it?
5. And finally, how do I resell or grow the companies ?

Thanks and I look forward to your response

ololufemi:
A good friend of mine always states that Mr Time is always the best friend to any investment opportunity available because it shows people whether they took good, bad or terrible investment decisions.

Anyone who wants you to invest your funds without providing any form of insurance cover for the investment does not have to your best interest at heart.

With NGN150 Million, you shouldn't be looking for any fast paced or risky investments at all. A NGN money market mutual fund gives you at least 20% per annum while a USD eurobond mutual fund will give around 5% to 9% per annum.

Another aspect of investment you must also consider is the cost of reinvestment from the dividends or proceeds of the cash flow you realise as well as the ease of entry and exit (especially emergency exits if there is an urgent need).

Selah. 🙏🏽

Had to re edit

First thing first

Have you ever asked why I posted this? It’s because I crave more. I mean More ideas. More suggestions. More angles. More perspectives. More insights. More viewpoints. More possibilities. More depth. I want more & more .

I’m the kind of person who’s all about building. Taking risks. Pushing limits. I want to create something that can explode in value. Think about the big players….. Dangote, Otedola, the ones who changed the game. They didn’t get to where they are by playing it safe. They built empires, created industries, and took bold steps to make it happen.

That’s the kind of energy I’m trying to tap into. I want to build something that can change my life, make a real impact, and leave a lasting legacy.


But at the same time… please don’t get me wrong o! I still believe that the “slow and steady” approach is a great strategy. There’s wisdom in playing the long game, especially when it comes to protecting and gradually growing your wealth.

I think something like a USD Eurobond mutual fund that offers around 9% per annum is actually a solid investment. And truth be told, I’m very much open to giving it a try… with a fraction of what I have in store.

Ollyb2020:
Thats very thoughtful of you , I completely understand your concern about the Naira devaluation, it’s a valid point, especially when looking at things from a global investor’s perspective.
However, in this particular case, the capital is already in Naira, the business operates in Naira, and returns will also be realized in Naira. So, unless there’s an intention to convert profits into foreign currency or repatriate funds abroad, the exchange rate fluctuation doesn’t actually result in a real loss. The value might shift on paper when compared to the dollar, but operationally, the capital remains intact and functional within the local economy.
In other words, we’re not taking forex risk here because we’re not exposed to forex. We're simply looking to grow existing Naira capital in the most productive way possible within the same economy.
Let me know your thoughts on this perspective—I’d love to explore how we can align on a win-win approach.

Sorry , that message was actually meant for the other man talking about mutual stuffs

ololufemi:
Oga AmgAmg, ignore the messenger 8f you don't like them but focus on the message they bring to you. This brother is right with his minimalist risk assessment. Anything that gives you significant returns above the risk free investment like Federal Government Treasury Bills or Securities and Exchange registered Money Market Funds is a huge risk with potential danger lurking in.

Most.of the people who do them will not tell you of their experiences with the inherent risk until you have locked your funds into them.

Another thing he spoke about which I mentioned is the effect of compounding.

To know how long it takes to double your investment, take the rate of return of that investment and divide it into 72.

You've got a lot of cash so don't be too in a rush to double your money with investmentsthat have high risks.

All those trading, real estate, foreign currency trading, etc are high risk investments. If y9u don't believe, as anyone them to give you a complete comprehensive insurance cover for such investments with a reputable insurance company.

My advice to you is to look for good, stable and risk free investment products that are covered and can allow you go to sleep at anytime without the fear of losing your funds.

You’ve made some solid points about investing in Naira, but I still think it’s a bad idea for one major reason only : Naira’s devaluation .

Just Imagine you had ₦10 million just two weeks ago when the exchange rate was ₦1,530 to a dollar. Then suddenly, it drops to ₦1,630. That 100-point jump means you’ve effectively lost ₦1 million, or 10% of your money, without even touching it … just because the Naira got weaker.

Now, let’s say that ₦10 million is invested and generating a 20% annual return. Sounds good on paper right ?. But if the Naira loses 30-40% of its value that same year (which is very possible), your gains are completely wiped out. You’d be down let say ₦3-4 million, so even with growth, your real value drops. And That completely defeats the purpose of investing.

Ollyb2020:
Yeah , what an honest feedback. I completely understand your perspective and truly respect your preference for transparent, straightforward models.

That said, I believe this executive car rental model can be designed with exactly that kind of simplicity and control in mind. Unlike gig platforms where oversight is difficult, this business allows us to implement clear tracking mechanisms. For instance, we can integrate GPS and usage tracking software in every vehicle, and all bookings and payments can be done digitally, allowing for full transparency.

Additionally, the model is asset-based. The vehicles themselves are appreciating assets in our market segment, especially high-end SUVs like the Land Cruiser series. Even in a worst-case scenario, the resale value ensures minimal risk—something that's not common in many other business models.

We can also structure the operations in a way that you will have full visibility into bookings, revenue, and vehicle usage—either through periodic reports, shared dashboards, or an app interface.

It’s absolutely possible to make this model as straightforward and data-driven as basic math. I’d be happy to walk you through a sample setup, so you can see how it can operate without ambiguity.

Thanks again for considering it—I’m confident we can make this something that works on your terms.

You’ve made some solid points about investing in Naira, but I still think it’s a bad idea for one major reason only : Naira’s devaluation .

Just Imagine you had ₦10 million just two weeks ago when the exchange rate was ₦1,530 to a dollar. Then suddenly, it drops to ₦1,630. That 100-point jump means you’ve effectively lost ₦1 million, or 10% of your money, without even touching it … just because the Naira got weaker.

Now, let’s say that ₦10 million is invested and generating a 20% annual return. Sounds good on paper right ?. But if the Naira loses 30-40% of its value that same year (which is very possible), your gains are completely wiped out. You’d be down let say ₦3-4 million, so even with growth, your real value drops. And That completely defeats the purpose of investing.

Ollyb2020:
You can aswell give a second thought on Executive car rentals, specifically focused on high-end SUVs like the Toyota Land Cruiser Prado and Toyota Land Cruiser.
And best part of it is that you can decide to sell it off if you are not that okay with the result and you would still make profit trust me

Thank you for the suggestion, but this business model seems too complex for my comfort. I prefer working with clear, straightforward systems.. like basic math, where 1+1 always equals 2. I don’t like being in situations where I don’t have full transparency or control, especially when it involves depending on people I don’t know so well.

This setup reminds me of gig-economy platforms (like Uber or similar businesses), where the operator has the ability to manipulate numbers without oversight. For example, they could claim they only had 3 customers in a day when they actually served 10, and as an investor or partner, you’d have no real way of confirming that

Trippledots:
Yeah, I get. Wetin de worry us for this country many my guy. 😂....just sift what is useful and move on.

yeah bro, and I do get your point on the business side as well — demand really does shift with quantity. I was even telling someone up there, the same thing the other day, that working with 1 million isn’t the same as handling 10 million.

I’ve actually been thinking about starting a fintech company lately. Did a bit of research on crypto exchanges the other day… still learning the basics though, just taking it one step at a time

Trippledots:
Bro, I don't think you should be replying that guy with the same uncouth manner he came to you. Agreed his words are not easy to swallow, but I have a feeling he has your good at heart. No be peter obi say "I got that advice from a mad man"?

Please and please, whatever you do don't put all your funds into whatever you want to start. Start small.

For anything that someone says you will meet xyz and sell, note that demand and supply is always a curve. You may be have good demand for 10 goods doesn't mean if you now bring in 100, you will still have the same demand.

Good luck

I don’t usually respond to trolls, but that comment really got to me. It hit deep …. like, deeper than I expected. To come at someone like that for no reason at all… just pure unprovoked energy. Like who does that

myforty68:
when a person with money meets a person with experience, the person with money gains experience while the person with experience gets the money

Meaning ?

Explain further

gagzee:
Nah.. Na because your mama na my side bitch na why I dey pity you. If not that she fvcks me well, I no really send your papa.

Block head… Either answer the damn question or crawl back into the rabies infested dungeon of a vag**** you came out from