erico2k2:

mayB he thinks he is talking to a bunch of people who aint seen N6m in their life time , and look at them two, up there laughing over themselves cos i said a pot of soup cost N15k ,damn 9ja tough shaaa nor B small, I thank God 4 life, nah them want a young man to come bck wen him never arrange

I don't think the guy is serious. If 6MN can build a fuel station, I can even contract him to build 5 for me to see first. I dey laugh o.

Bizibi:
well,it is a real estate deal but unfortunately the present govt revoked it.deals like that happen during the last administration even my associate who is British in u.k has been disturbing for some deals to bring to nigeria but I told him to hold on because of this govt lack of direction,investors are willing to do biz only few are taking the risks.

I get what you saying,but U need money to get money in 9ja, bank dont give loans to people who do not have money and mainwhile its these monyless people that realy need these loans for start ups.So my friend to do biz in 9ja you need initial money or Godfather.

Agbaletu:

I don't think the guy is serious. If 6MN can build a fuel station, I can even contract him to build 5 for me to see first. I dey laugh o.

mayB he thinks we talking about those kerozine deport by the roadside ahah

I am not sure this guy has gone out this country before? His choice of words is never that of a person who has lived in US for 8 years....OP is in this hell with us.

babaskool:


I don't think you've ever considered the econometrics of the scenarios I laid down... Lagosains have this bad habit of thinking the whole trade and commerce revolves around them and if petrol stations are being sold for 100m in Lagos then they must be abt the same price everywhere else...

To answer you question come to Ibadan and see land along a main road/ express for 500k, I repeat the land is even tarred
I feel sorry for most Lagosains cost you guys pay for the location of where you live so reason y a plot of land can cost a billion naira in banana island. Open your eyes brother petrol stations that are not in Lagos are making 300k a day sales steady

Don't you not think FUEL is the same needs of people every where even in the village

Oh! Really? If that is the case, I might just be interested in it. Maybe I'd find time to come and see things for myself with valid proof of receipts and payment for the cost of the ones you have set up for that price. A petrol station for 10m is too good a deal, to pass off.

mrphysics:

Lol, are we here for lectures. We all know what life is in Libya. How many of Nigerians have the opportunity of living well in Libya. I know that Libyan currency is very close to the dollar, hence the rush.

The guy that buys caterpillar and ship it from US realized that those he left here in Nigeria are heating it better than him and he started making plans to come back. Home is home bro.

Give me the flight money to US and I will double it in Nigerian within a month. People are making it here and we must encourage our youths to start small.

talk is cheap,stop talking about others, mean yourself thats the way 4ward,talking about others is restricting one's progress,#word.

I wouldn't advise you to relocate to Nigeria My dear however if you insist, visit Nigeria for a month or two 1st. Get acquainted with the environment and decide after that.

Fingerprinter:


Did you just say $30k can build one a petrol station? If so, every Nigerian would own a filling station na. Don't deceive the Op in a bid to sell your services abeg. Do you even have an idea that $30k is roughly 10 million naira? That amount can't even buy you a good land that is located in strategic place ideal from building filling stations.
Guy behave!

I just replied someone who said exactly what u said just now so go down the thread on my breakdown costs of building a filling station, it's something I have advised people on many occasion.. Besides I can see the phrase strategic location like there are not fuel stations in towns and even in some remote villages self ...I'm guessing you must be from Lagos where overpriced plot of lands can be sold at anything ...remember no matter how expensive the land is sold, the unit price is the same so roughly all fuel stations make jst abt the same value of sales

BluFlyBoy:


I plan on coming back with about 30000 USD and getting myself land/property to my name, complete NYSC, see what the job market is like as well as concurrently starting a one or two provisions stores. Slowly expand on that, with the end goal to become a distributor at the national level.

Be ready for the beggars that will crawl out of the woodwork to plague you.

erico2k2:

I get what you saying,but U need money to get money in 9ja, bank dont give loans to people who do not have money and mainwhile its these monyless people that realy need these loans for start ups.So my friend to do biz in 9ja you need initial money or Godfather.

You are absolutely correct.

babaskool:


I don't think you've ever considered the econometrics of the scenarios I laid down... Lagosains have this bad habit of thinking the whole trade and commerce revolves around them and if petrol stations are being sold for 100m in Lagos then they must be abt the same price everywhere else...

To answer you question come to Ibadan and see land along a main road/ express for 500k, I repeat the land is even tarred
I feel sorry for most Lagosains cost you guys pay for the location of where you live so reason y a plot of land can cost a billion naira in banana island. Open your eyes brother petrol stations that are not in Lagos are making 300k a day sales steady

Don't you not think FUEL is the same needs of people every where even in the village

Plz point us to any land seller on NL who sells at the ammount you just said,or you think we do not have Ibadan people on the property section??
dont worry I wil soon copy two persons into this convo,I have asked you howmuch does the licence to operate cost still no answer

erico2k2:
make him behave abi

LOL! He should have just simply advertised his services without making bogus claims

erico2k2:

I get what you saying,but U need money to get money in 9ja, bank dont give loans to people who do not have money and mainwhile its these monyless people that realy need these loans for start ups.So my friend to do biz in 9ja you need initial money or Godfather.

I don't need much money to get huge cash in Nigeria,if you have a good info all you need to do is link up,sign an agreement and you re good to go but it is not easy because of the obstacles.
I can only spend atleast 30k on a deal because I'm just a broker in the deal,the only thing we lack in Nigeria is information.

As long as you re a broker,you don't need much to spend.......

anyicash:
I am not sure this guy has gone out this country before? His choice of words is never that of a person who has lived in US for 8 years....OP is in this hell with us.

lol

Bizibi:
I don't need much money to get huge cash in Nigeria,if you have a good info all you need to do is link up,sign an agreement and you re good to go but it is not easy because of the obstacles.
I can only spend atleast 30k on a deal because I'm just a broker in the deal,the only thing we lack in Nigeria is information.

As long as you re a broker,you don't need much to spend.......

you are a broker, well speak from a brokers pespective plz, dont speak as an investor, there are great difference.

babaskool:


Dear diasporan, firstly, I would like to thank you for your passion for Nigeria, I decided to move back to nigeria a year ago too after 7 years in the Uk. So I understand your anxiety in all ramifications.
Secondly ignore all the negative comments you see on this thread, only people who have left nigeria for years and see there is hardly anything a developed country can offer, only a developing country can provide the means by which ones investment can grow without endless Taxes,bills, social security contributions, medical insurance e.t.c

You have done well for yourself by saving up to 30k to invest in Nigeria and trust me with the right planning you would not go wrong, there are people living in Lagos who have the equivalent of 30k dollars in naira and they are not in politics or ever travelled to the US so how come they have 30k dollars in thier account.

So please ignore anyone who discrouages from coming back to invest in a country that would give you a Massive yield for your investment. It's better to be a king in your country than a mouse in someone else.

So back to the information you really need, your safe bet in Nigeria right now which can generate up to 50% yield is these 3 things : 1.education 2. Real estate 3. Petrol/filling station ...your capital of 30 k dollars is more than enough to do this ...

So like I said above in less than a year your business would have paid back it's 30k investment, the only serious setbacks of doing business in Nigeria is finding the right type of people to get you started not the cost of fuel or police brutality or lack of electricity or any of the things you see on twitter or cnn...

The full scenario of Nigeria is not what you see online, there are incredible opportunities here you would never see online cos it's very hard to describe the opportunities online to anyone ...
I don't think I can say everything on here since I moved back to Nigeria but first things first you would need to incorporate a Nigerian company. I am a Nigerian lawyer so I can help you with that as fast as you can say the word a certificate of incorporation. Thereafter we would have to help you with a domicillary account so your money can be moved across continents with ease .. In addition I could also help you with a certificate of capital importation ( this certficate allows you to transfer your current at the Cbn rate )

After this then your business or company is ready for any actual real investment possible ...also if you do not mind I have 3 detailed business proposals on the 3 ideal business I listed above which is 1. Building a small scale school (education ) 2 . Real estate (buying land or a building the finished product at a high margin house flipping it's called or 3. A petrol / filling station ( petrol stations in Nigeria make up to 400,000 naira in a day ( I have statistics to back this up ) so imagine building a petrol station with 30k dollars and making up to 1k dollars in sales in a day ...


In less than a month after you start operating you would thank God for leaving the US and coming to invest in Nigeria and not missing out on the Nigerians on twitter or fb ...cos real business is not on twitter or fb...it's here in Nigeria in particular when you get the right type of people to help you ....

This post is too long so pls contact so I can send the business proposals I have for you for free firstly then after I can advice you on the company matters so you can find out if these things I say are lies or not ....
Yours sincerely
Akinola eluyefa esq

OP 9jas are also internationally known for scamming so be extremely careful, especially of faceless internet "lawyers" offering u free advice! (I'm not talking about the poster I quoted)

babaskool:


I like how you said fuel stations have been abandoned on the highway who in their right mind builds a station on the highway. Highways are for fast travels, the point for travelling on them is not to stop for fuel or anything or whether for whatever reason ... It's impossible to see Petrol station within a town closed down impossible cos a petrol station feeds on the people that live around it and since people don't live on the highway it's a no brainer y stations on the highway have been abadoned ...

To the other logistics and other related expenses, the right type of people would help you with this in particular an experienced commercial lawyer, it's not a stumbling block to building the station itself ...there are just small issues by the side not that much to worry about

You are contradicting yourself. You said lands are priced around N500k along Ibadan expressway. Where can one get N500k land in a prime location?
Relocating to Nigeria is a gradual process. Out of the $30k he saved will be his living expenses, family matters and other miscellaneous expenses. He can start working on his plan from now until everything is ready. But packing up with $30k in his account to relocate to Nigeria is a very bad idea. It may even take as little as one slay queen to latch unto the OP and send him back to square one.

/

babaskool:

I just replied someone who said exactly what u said just now so go down the thread on my breakdown costs of building a filling station, it's something I have advised people on many occasion.. Besides I can see the phrase strategic location like there are not fuel stations in towns and even in some remote villages self ...I'm guessing you must be from Lagos where overpriced plot of lands can be sold at anything ...remember no matter how expensive the land is sold, the unit price is the same so roughly all fuel stations make jst abt the same value of sales

I am far from Lagos. Please, I can't scroll back to see your previous comment. Could you copy it and use it to quote his comment? I beg you. I am asking because I have interest in that business.

InvertedHammer:


You are contradicting yourself. You said lands are priced around N500k along Ibadan expressway. Where can one get N500k land in a prime location?
Relocating to Nigeria is a gradual process. Out of the $30k he saved will be his living expenses, family matters and other miscellaneous expenses. He can start working on his plan from now until everything is ready. But packing up with $30k in his account to relocate to Nigeria is a very bad idea. It may even take as little as one slay queen to latch unto the OP and send him back to square one.

/

@slay queen we 4got to tadd that to the list

lyricalz:


OP there we know Nigeria is tough bros is so cuz the gap between the rich and poor is wider, but I tell you if you know what you are doing Nigeria is one of the best place to make money, there are many pple making it big time in Nigeria, though few, compared to the overall population. So don't mind the advise here on nairaland, in reality u can make more money here in Nigeria if you have the capital and know what exactly you are during. You are welcome home bro. if any of us here in Nigeria can make enough and live comfortably, no one will ever think of going abroad, no place like ur own, home is home.

But life is not all about making money.
How do u solve the following? (add yours):
rampant corruption everywhere and
corrupt politicians
and corrupt police
and SARS
and ritualists,
and kidnappers,
and conmen,
and yahoo boys,
and brazen robbers,
and Boko Haram,
and IPOB,
and Delta Avengers,
and baby factories,
and child molesters,
and human traffickers,
and non-viable:-
power supply,
hospitals,
schools,
infrastructure,
water supply,
waste disposal,
drainage system,
building inspection,
collapsing buildings,
dillapidated housing,
drug inspection,
food inspection,
clearing and forwarding,
customs,
mental health,
handicapped empowerment,
legal system,
judiciary,
banking system,
monetary system,
Fulani herdsmen
and military
and aviation
and filthy seaports (Apapa)
rampant strikes
fake everything
(add yours)

Alcatraz005:


Please don’t come back. I am a lawyer here in naija and I am ready to stake all to leave this hellhole. From one brother to another, DO NOT come back. We might go to war soon sef because the citizens might go against themselves seeing that we have made a mistake being together as a nation for almost 6 decades.

Why don't you look into relocating to Canada or Australia as a professional ??

chronique:



Oh! Really? If that is the case, I might just be interested in it. Maybe I'd find time to come and see things for myself with valid proof of receipts and payment for the cost of the ones you have set up for that price. A petrol station for 10m is too good a deal, to pass off.

I don't tbink this is a problem bro, it's what have been in the past involved in and still going strong in ..
On the other hand you can rationally work out my estimates cos have noticed how you disagreed with me that Land cost 500k in some parts of Nigeria but you didn't say anything on fuel dispensers costing 1 million naira per unit each or the service station costing 2 million or the underground tank costing 1.2 million too
When you wake up tommorow stroll to your closest filling station and picture what u can see and how much do you think it might be worth ..try speaking to theamanger or the attendant too on how much he or she thinks or what rumors have that the whole thing is worth ...

Bro with 10m you have ur filling station ready

babaskool:

I just replied someone who said exactly what u said just now so go down the thread on my breakdown costs of building a filling station, it's something I have advised people on many occasion.. Besides I can see the phrase strategic location like there are not fuel stations in towns and even in some remote villages self ...I'm guessing you must be from Lagos where overpriced plot of lands can be sold at anything ...remember no matter how expensive the land is sold, the unit price is the same so roughly all fuel stations make jst abt the same value of sales

go to this post see howmuch they sell petrol stations


https://www.nairaland.com/4062166/promo-promo-promo-all-forsale#60577859

erico2k2:

you are a broker, well speak from a brokers pespective plz, dont speak as an investor, there are great difference.

I spoke from a broker perspective in my post on deals that people thought it is not possible to close in Nigeria, last one would have gotten me 100m naira only.

In Nigeria,if you work with the right set of people in govt,an investor won't spend huge sums of cash to start up a biz,an estate or a manufacturing firm.

They know our loop holes and you will be surprise they don't pay as much tax as they do in their country,they know our system have multiple loop holes but the only problem is the contacts and info in nigeria.

9jaDoc:


But life is not all about making money.
How do u solve the following? (add yours):
rampant corruption everywhere and
corrupt politicians
and corrupt police
and SARS
and ritualists,
and kidnappers,
and conmen,
and yahoo boys,
and brazen robbers,
and Boko Haram,
and IPOB,
and Delta Avengers,
and baby factories,
and child molesters,
and human traffickers,
and non-viable:-
power supply,
hospitals,
schools,
infrastructure,
water supply,
waste disposal,
drainage system,
building inspection,
collapsing buildings,
dillapidated housing,
drug inspection,
food inspection,
clearing and forwarding,
customs,
mental health,
handicapped empowerment,
legal system,
judiciary,
banking system,
monetary system,
Fulani herdsmen
and military
and aviation
and filthy seaports (Apapa)
rampant strikes
fake everything
(add yours)

I was told you can buy fake rice now

babaskool:


I don't tbink this is a problem bro, it's what have been in the past involved in and still going strong in ..
On the other hand you can rationally work out my estimates cos have noticed how you disagreed with me that Land cost 500k in some parts of Nigeria but you didn't say anything on fuel dispensers costing 1 million naira per unit each or the service station costing 2 million or the underground tank costing 1.2 million too
When you wake up tommorow stroll to your closest filling station and picture what u can see and how much do you think it might be worth ..try speaking to theamanger or the attendant too on how much he or she thinks or what rumors have that the whole thing is worth ...

Bro with 10m you have ur filling station ready

the average filling station gos btw N80 to 200m, stop chattting craaap plz enough

BluFlyBoy:
Greetings my fellow Nigerians. I'm facing the prospect of coming back to Nigeria after 8 years in the USA. I finished my post-graduate degree and I'm coming back with a Bsc, MBA and 2 years of work experience in the telecoms industry. I want to know from my people back home, how is the general national feeling, how they enjoy their lifestyle/quality of life and the hard-truths of what I'll be facing coming back as I've been so far removed from the national consciousness because I've been in the USA for almost a decade. I feel passion about my country and people but I need to know what too expect. So my people are you happy with life back home?

Silly question. go ask your siblings and relatives over here. nonsense question deserve nonsense response

Bizibi:
I spoke from a broker perspective in my post on deals that people thought it is not possible to close in Nigeria, last one would have gotten me 100m naira only.

In Nigeria,if you work with the right set of people in govt,an investor won't spend huge sums of cash to start up a biz,an estate or a manufacturing firm.

They know our loop holes and you will be surprise they don't pay as much tax as they do in their country,they know our system have multiple loop holes but the only problem is the contacts and info in nigeria.

Im not a stranger in 9ja, I do biz in PHC full time hence I relocated my family there.I feel the climate, I generate forex frm teh Uk go to china and Import, so Im no stranger to 9ja economics.fact of teh matter is same, yu need MONEY, the reason your deal fell fru was lack of money ,greas the right bearings watch you money grow LONG!

babaskool:


I don't tbink this is a problem bro, it's what have been in the past involved in and still going strong in ..
On the other hand you can rationally work out my estimates cos have noticed how you disagreed with me that Land cost 500k in some parts of Nigeria but you didn't say anything on fuel dispensers costing 1 million naira per unit each or the service station costing 2 million or the underground tank costing 1.2 million too
When you wake up tommorow stroll to your closest filling station and picture what u can see and how much do you think it might be worth ..try speaking to theamanger or the attendant too on how much he or she thinks or what rumors have that the whole thing is worth ...

Bro with 10m you have ur filling station ready

i'd do as you have said. we learn everyday and no one knows it all. i have had friends pull deals on petrol station sales and most of them have been well over 80m in costs. there was one in ikoyi that was advertised for something around a billion naira(if my memory serves me right) and as such,it's only logical that i would scuff at anyone talking about building a gas station for 10m.

Reading peoples' comments makes me want to leave the country now....The comments are not far from the truth......

Fingerprinter:


I am far from Lagos. Please, I can't scroll back to see your previous comment. Could you copy it and use it to quote his comment? I beg you. I am asking because I have interest in that business.

Yes 30k dollars is just about 10 million naira
And yes 30k can build a petrol station
I have statistics in documentary form to back these facts up.
Nevertheless by my statistics here is a summary of how much it costs to build a petrol station in Nigeria
1.Empty Land ( 1plot is idea but 2 plots is preferable -budget -500k -900k

2. Service station ( this is the building in the middle of every petrol station where the attendants stay or dispense other items except petrol from or where the managers office is located.. It is commonly a rectangular shaped building the size of 2 rooms. Mud blocks can be used to save cost and cheap corrugated roof can be used in it's construction since it building itself is almost useless as it doesn't in real sense bring any income for the petrol station when in operation. Budget 1.5 million to 2 million ( foundation 400k, construction to lintel 300k, roofing and plastering 1.2milion naira )

3. Underground tank - this is the actual most important part of a petrol station so it's advisable to build this first before constructing the service station ...price varies but most popular version is in form of a septic tank which almost everyone has in thier homes just that the plastering would be different to accommodate the petroleum products to be kept In them....budget 800k to 1.5 million naira

4. Fuel pumps/dispensers - for some very crazy reasons fuel pumps and dispensers cost a fortune even though it's a pump and an electronic meter to measure the quantity of liquid being dispensed is in all of them.... Fuel dispensers are expensive so budget 1 million for each unit ... The minimum you need is 2 units, on average you might need 3 fuel dispensers ....so budget 3 million

5. Shield for the fuel dispenser...this is made to provide shelter and illumination for the fuel pumps. They can be made from anything so far it does the job ...budget 200k

6.misclleanoues expenses which include the cost of applying for license to lift petroleum from Nnpc depots (if you have ur own tanker if not you can simply enter an agreement with someone that has ) and other operating costs -1 million naira

Total costs
1.empty land- 500k
2.service station- 1.5 million
3.fuel dispensers - 3 million
4.fuel shield/shelter-200k
5.operating and misclleanoues costs -1million

So total less than 6 million naira so in an effort to answer your question not only would 10 million build a petrol station in Nigeria, it can even build 2 petrol stations and make back the 10 million in less than 2 months of opening

Hope this helps

erico2k2:

That OP is joking he is not serious, Im just commenting cos its on FP and some people might just find themselves in this situation.

Lol ,he's a joker.

Don't mind him, he thinks Nigeria is a child's play.

And you are right, other peeps who thinks like him, should also understand the reality here.

It's crazy.

One must be as wise as a fox and mild like a dove, to be able to survive here.

My neighbor came from US, to relocate back to nija. Initially it was fun for him, until he couldn't take it anymore. Most times when I walk down the street heading back home, I sight him smoking his lungs out like a chimney, with whisky in one hand. Every blessed day

One day I heared him talking to another neighbor as he was smoking that he's tired of this gaddamed country and he's running broke, he wants to sell his building and get the fucvk out of here. He can't take it anymore and how much will my 2nd neighbor buy his building of four flats, spacious o.
At the end, I heard he sold the four blocks of flat for N15million inside illupeju.

I was like WTF!

The guy received his alert, called all the tenants in the other flats that he had sold everything and hes getting out of here. He can't take it anymore. Lol
That's how he left. He even dashed his furnitures, TV and all, to the buyer.
And left.
The new landlord, gave everyone quit notice and the end.. He's not back till date.
Nija is fucvked up.

Another one came. From UK, he built a massive house in ikorodu. He like bragging he has money and he loves spending on his friends, that's how thieves came one faithful day he came back from abroad trips. Cause he loves travelling to and fro every 3months.

So a close family friend gave a tip off to thieves, the day he arrived nija as usual.

Come and see beating, and later took his 10000pounds ,they ran away and left him bloodied. My dear, when he reported the case to police. Police caught one of the thieves. That one then confessed it was his family friend wife! A high profile family in the society !

He was so disappointed. He couldn't get his money back. They shared it amongst themselves and the other thieves yet to be caught.
Police advised him to let go of the matter Orelse if he pursue the case and place the wife of his friend in jail with the thief they caught, his life will be in extreme danger. He won't even live to judge the case in court.

That's how he left Nigeria angrily and sever ties with people here. Vowing never tk come back.

It's that bad!