₦airaland Forum

I actually secured this interest free loan to do
farming business. Now, after reviewing my
proposal (though I defended it convincingly during interview), I discovered that it's only viable on paper.

Considering the level at which land appreciates
plus the fact that Lagos State government and
Dangote have investment and interest in that
local government, there is prospect on landed
property in that area now.

Will you it be wise to buy land with the money and service the loan from my salary or do the
farming business and quit my job?
What will you do if you are in my shoes?

Kudos for getting an interest free loan as you've eliminated an important cost that is interest payments. However money at hand underutilized will be eaten up by inflation over time so you need to make this decision. Unfortunately we do not have data or reliable data that could give bona-fide info on trends. You have mentioned two important things though. Your business plan isn't workable but you have info that some investments maybe moving into the area you target to make land purchases now and hopefully make a kill later when property values spike in that location. If your info is reliable and real then you got your answer already. BUY THE LAND.

kolokolobi:
Kudos for getting an interest free loan as you've eliminated an important cost that is interest payments. However money at hand underutilized will be eaten up by inflation over time so you need to make this decision. Unfortunately we do not have data or reliable data that could give bona-fide info on trends. You have mentioned two important things though. Your business plan isn't workable but you have info that some investments maybe moving into the area you target to make land purchases now and hopefully make a kill later when property values spike in that location. If your info is reliable and real then you got your answer already. BUY THE LAND.

My info is not just reliable but now self evident.

Then do the needful.

kolokolobi:
Then do the needful.

Thank you the