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Nairaland Forum / Nairaland / General / Car Talk / Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian (16011 Views)
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Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by GreenxGreen: 10:23am On Jul 01 |
You go soon go back to the USA......... |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Promax4321: 10:26am On Jul 01 |
This is stupid venture, I think with that much, introduct of vehicle assembly plant incountry will serve better He should channel the money in producing new items or manufacturing than mere sales of disused vehicles 1 Like |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by SolomonGrandi: 10:27am On Jul 01 |
Makes no sense to be honest. Jiji, CarMudi and cars45 already serving this purpose 1 Like |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Quebec91(m): 10:28am On Jul 01 |
SmartPolician: |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by SmartyPants(m): 10:30am On Jul 01 |
SmartPolician: Did you read the write up? |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Quebec91(m): 10:30am On Jul 01 |
CapitalBank: |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by opeldavid: 10:33am On Jul 01 |
This story is not too convincing. An online platform and needs land for used cars. I was thinking he wanted to set up an automobile iplant for manufacturing biz or assembly plant. The story no too straight. E get k-leg. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by TableLeg(m): 10:36am On Jul 01 |
Saheed Ashogbon, you will learn lessons. 1 Like |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Konquest: 10:36am On Jul 01 |
Ibrahimcoomasie:The business model that Saheed Ashogbon is planning on diving into has to be matter-of-factly analysed using a SWOT test so as not to run into financial headwinds. Even the new vehicle assembly and manufacturing space for sedans and buses in Nigeria is already saturated unless a savvy entrepreneur can come up with newer purchasing schemes and innovative green technologies to disrupt the existing structure. I wish him well though for thinking about investing on the continent unlike other African Diasporans (based in the U.S., UK, Canada, Netherlands, etc) who aren't motivated to identify gaps in specific business niches or those who simply sever ties with their ancestral roots. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Calitoscassius(m): 10:40am On Jul 01 |
JAMO84:See how you managed to turn it into a tribal issue. "From their side" what does that phrase mean? |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Calitoscassius(m): 10:45am On Jul 01 |
opeldavid:It sounded very vague. I think what he mean is he need land where he will dump unused cars loitering Lagos, but why does he need $100 to do that? He also mentioned online auction, is he planning to sell unused Naigerian cars online? Why online? And to who will he be selling these junk/scrap cars to in Naigeria? Or is he going to sell them the Americans? 1 Like |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Calitoscassius(m): 10:49am On Jul 01 |
Very vague description. I think he mean he will need 50 acres of land for where he will dump all the scrap unused cars Loitering the streets of Lagos and on individuals backyards and front houses, but why does he need $100million for that? He also mentioned online auctioning, who will he be auctioning these scrap cars to? Nigerians or Americans? Who da hell wants to buy a scrap unused cars in Naigeria or in America? 1 Like |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by emperor4love(m): 10:51am On Jul 01 |
With 100,government go collect 30, diesel go collect 10,make u use 60 start am 1 Like |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by IyaTola: 11:05am On Jul 01 |
erllihjar: |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Firstcitizen: 11:07am On Jul 01 |
erllihjar: Las las e go collect. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Donald7610: 11:08am On Jul 01 |
89green: Don't discourage have positive mind |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by malali: 11:11am On Jul 01 |
If this man knows what is $100 million , make i bend. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Obierika(m): 11:12am On Jul 01 |
SmartPolician: |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by PassingShot(m): 11:16am On Jul 01 |
SmartPolician:You aren't smart. Change your moniker. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Smartcitizen: 11:27am On Jul 01 |
SmartPolician: You see those people from that region, They are destroyers. They will never bring good things and if another person brings they will use wickedness and want to finish the person. Sincerely speaking I don't know what they really want. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by 360command: 11:28am On Jul 01 |
Calitoscassius:I see his ideas and there is money to make from it. First, what he is trying to do is to gather all those cars,bikes,heavy machines etc and put it in a lot. He will also need govt support in areas like when police, efcc, seize your vehicle, you have 1 month to claim it and if you do not claim it, it will be auctioned. Once he has the land, the cars are moved to the land, auctions will start. Mind you, scrap dealers is also a good business, there are people in need of metals from the cars, there are individuals interested in buying good cars, accidented vehicles, etc. He gets his commission, maybe 8%. Government gets their Tax sold on those cars, he also gets online auction fee .. it is a win win. An auto junkyard business in America would require a capital of 250,000 to 300,000 dollars but the issues surrounding it is getting the land and parking those cars. Also, environmental protection act is there to cripple you. Once you are able to start,you can make a million dollars a year in profit. 1 Like |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Lithiumite: 11:30am On Jul 01 |
erllihjar: All what he mentioned there is nothing but bill crap.....500k abandoned vehicles on the streets ....ABI his bedroom...... auction systems would be difficult to practice here as Nigerians are not people who forgo there properties without any real financial gain. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Lithiumite: 11:34am On Jul 01 |
Smartgeek: How will it reduce unemployment....that guy was just capping bollocks.....do you know how big scrap buying and selling is? Jiji and OLX are already in that space of auto auctions too.....he needs 50 hectares in Lagos....where does he want to see that? |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by JuanDeDios: 11:45am On Jul 01 |
SmartPolician: He's not trying to make the country a dumping ground, sir. Quite the opposite. He's trying to rid the country of abandoned vehicles lying all over the place. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Emzedz: 11:48am On Jul 01 |
U will lose ur Money bros.. ask others. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Calitoscassius(m): 11:50am On Jul 01 |
360command:Yes, you probarbly have explained it better than he did. So why does he need $100 million to do that? He is only asking government to provide him free 50 acres so it isn't like he would buying these lands. And as i said, why does he need oline to auction these scrap vehicles because really they scraps. Most of these vehicles would go to scrap dealers (as you mentioned scrap dealers rightly) And again, would anyone wanna buy unused Naigerian vehicles? And also he cannot just go pick up people's unused cars just like that without paying them. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Smartgeek(m): 11:56am On Jul 01 |
Lwkmd Your comment is funny. Let us not bury the man alive and wait till execution before we criticize. Every business has its intrinsic challenges and is bound to experience unforeseen issues along the way. It is how they rise above them that makes them a thriving business. You do not expect him to state how he plans to solve those problems in his statement, do you? Lithiumite: |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by frog12: 12:00pm On Jul 01 |
so money dey boku with nigerians |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Lexusgs430: 12:13pm On Jul 01 |
He would learn, the very hard way........ 🤣😂 |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Patrioticman007(m): 1:05pm On Jul 01 |
phylshan: He needs to hype his audio $100m to seduce greedy Government officials. |
Re: Why I’m Investing $100m In Auto Industry – Ashogbon, US-based Nigerian by Megaautos(m): 1:10pm On Jul 01 |
You don't even know about what you are talking about. sleek214: |
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