₦airaland Forum

money must be made

Be like the koko master

hotmas911:
@ Yak, we can always learn from eachother.

An example of worthy investment is cashew
plantation. Check what
4.5million will yield in 16 years on a rental
property compared to
cashew plantation in the same period
A) Building a 3-bedroom apartment in a low-
cost area
Building cost--Approx. 4.5million naira
Average yield per year---250,000naira
Time of cost recovery----16years
Returns in 16 years----1 old apartment and
4million naira
B) Investment in Cashew
Land + cultivation------Approx. 181,000 naira per
acre
i.e. 4.5million will guarantee minimum 24 acres of cashew plantation.

***Starting from the first 4months, returns will start coming in through intercropping with short term crops like grains, vegetables or some selected tuber.***

cashew itself starts fruiting in 3years
1 acre of cashew will yield average of 600kg per
acre annually i.e.
14,400kg in 24 acres
Therefore in 16 years, it will yield 14,400kg * 13
which is 187,200kg
(approx. 187tons)
At the average price of 240,000naira per ton-----
187tons in 16 years means 44,880,000naira
So tell me a rental property of 4.5million that will
yield over
44million in 16 years i.e. over 2.8million annually
as returns.

Note: This yield is aside from the short term crops of the first two years.

You didn't take into consideration the fact that property investment has an hedge against inflation unlike cashew plantation. Rent won't remain stagnant and rental increments are a lot higher than that of agric produce

I'm sure if he becomes Yaya Toure or Balotelli in the nearest future that same family will come up to lay claim to him

I am working on a semester project which requires me finding the original copy of the stamp duties act passed into law by the government. I found a soft copy of the law online but what is required for me is to lay my hands on the original copy (probably a booklet) and make a copy. I would like any useful suggestion as to which of the government institutions I can find it in Lagos