driodobject:
Hello Nairalanders

Can anyone advise on the cost of fencing a one-acre piece of land in Abeokuta, the land is intended for use as poultry.

Do you want it exactly as it is in the picture above? If yes budget 4 million.

A block is 150- 170 @ Abeokuta, we used 3000 to construct a fence on a plot of land recently. An acre is 6 plots. Calculate 3000*150=450,000. 450,000* 6 plots= 2.5million for blocks only. We haven't talked bout granite for foundation, sand for shocking, water , cement, labourers, supervision. Etc

These people just dey pack money as dem dey c am. Make una kwontinu

Let them have a share too. Atleast you don chop yours clean mouth.

studentofTruth:


I posted that when I was eating and couldn't type much. I have updated the post, please go and read it again. In fact, see it here:

The purchasing power of the money drops by the day — @12% inflation rate, the 3m will be worth less than 200k in 30 years.

The 100k rent may be going at more than 1.5m in that 30 years

A a good landed ppty at 3m may be worth over 30m in that 30years

While it doesn't make sense for someone without a stable income to engage in a property project, don't make it sound like it's better to be paying 5m per annum in a rented apartment in Lekki (just to answer a Lekki resident) than to own a good house on the mainland.

You haven't even talked about businesses that fail. Most new businesses fail, so rushing to set up a business just because there's fund may be a disaster, if the person doesn't know everything about the business.

As regards Tbills, the rate is always a little below inflation rate, so it's still losing money in the long run. TB is a good way to temporarily reduce the effects of inflation on your bulk money before you find the right channel to invest it, and believe me, in a developing country like Nigeria where the cities are still developing, a good landed ppty outperforms most businesses.

No doubt, for someone who has a good scalable business with a great profit margin, investing in the business will pay more, but it's not everyone that has such opportunities.

Now, if I may ask, which profitable business (with low risk) do you think someone a can set up with 1m?

God bless you sir. Everything is not bout starting a business, new businesses crumble at times.

The project embarked on is never a bad idea. Afterall, d project no dey chop for where e dey. If they had use the money to invest in a business and it crumbles, what will they do?

You both should not sell the house. There is always a light at the end of a tunnel.

Siberia01:
still not as rich as davido

No matter the amount of money been embezzled by our pot bellies politician, their money na still token change beside this. Lol

Guestlander:


If we must import rice why should it be smuggled rice from Benin Republic.

Our men in uniform should be blame for this. The system is just too corrupt and needs sanitization. Closing the border is not a correct measure to this. Say no to policy that brings hardship to the populace. I rest my case

Seriously, This border closure really affect a lot of people. Imagine a bag of rice @ 28,000. One Congo @ #1000 which was #350 before. Local rice @ #600 with stone o. Why closing the border when local rice price will still go up to x2 of d price we dey buy foreign rice ? This government is just clueless

Scam. The other thread has been removed in the investment section.