SmartPolician:
He said: “I want to introduce a business that will benefit the country. I propose to bring an auction platform from the USA to sell all disused and abandoned vehicles across the country.

So after spending 30 years in America, this is the good thing you can do for your country because Escobar asked you to come home and invest. Others are setting up new automaking factories in their states and you want to make Nigeria a dumping ground and even had the guts to write the authorities asking for lands. I no know whether dem dey komot shame for una eyes for that America!

SmartPolician:
He said: “I want to introduce a business that will benefit the country. I propose to bring an auction platform from the USA to sell all disused and abandoned vehicles across the country.

So after spending 30 years in America, this is the good thing you can do for your country because Escobar asked you to come home and invest. Others are setting up new automaking factories in their states and you want to make Nigeria a dumping ground and even had the guts to write the authorities asking for lands. I no know whether dem dey komot shame for una eyes for that America!

CapitalBank:


Lmaoo… dem don assure the Weyrey of one empty protection.

Others are running away, him wan enter. By the time his $100M turn to $1M nobody will tell him what to do.

Tow of the meat sellers at the abattoir where I buy meat from has closed shop…

But it’s not my money sha… na him money.

Ibrahimcoomasie:
Ashogbon

JAMO84:
Since he's not from their side, see how they are rubbishing his ideas. When he succeed, they will start crying Monopoly and government patronage.

opeldavid:
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.

erllihjar:
If he doesn't experience this our Nigerian business environment by himself he might not understand. You're welicome in sir

erllihjar:
If he doesn't experience this our Nigerian business environment by himself he might not understand. You're welicome in sir

89green:
No problem, just have it at the back of your mind that the current atmosphere doesn't favor big businesses, not even SMEs, so na survival of the fittest.

It's possible he has the APC survival card too
Btw where is mannabbq and Helinuess

SmartPolician:
He said: “I want to introduce a business that will benefit the country. I propose to bring an auction platform from the USA to sell all disused and abandoned vehicles across the country.

So after spending 30 years in America, this is the good thing you can do for your country because Escobar asked you to come home and invest. Others are setting up new automaking factories in their states and you want to make Nigeria a dumping ground and even had the guts to write the authorities asking for lands. I no know whether dem dey komot shame for una eyes for that America!

SmartPolician:
He said: “I want to introduce a business that will benefit the country. I propose to bring an auction platform from the USA to sell all disused and abandoned vehicles across the country.

So after spending 30 years in America, this is the good thing you can do for your country because Escobar asked you to come home and invest. Others are setting up new automaking factories in their states and you want to make Nigeria a dumping ground and even had the guts to write the authorities asking for lands. I no know whether dem dey komot shame for una eyes for that America!

SmartPolician:
He said: “I want to introduce a business that will benefit the country. I propose to bring an auction platform from the USA to sell all disused and abandoned vehicles across the country.

So after spending 30 years in America, this is the good thing you can do for your country because Escobar asked you to come home and invest. Others are setting up new automaking factories in their states and you want to make Nigeria a dumping ground and even had the guts to write the authorities asking for lands. I no know whether dem dey komot shame for una eyes for that America!

Calitoscassius:
Very vague description.


I think he is 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?

erllihjar:
If he doesn't experience this our Nigerian business environment by himself he might not understand. You're welicome in sir

Smartgeek:
Any legitimate initiative to reduce unemployment is highly welcomed.

SmartPolician:
He said: “I want to introduce a business that will benefit the country. I propose to bring an auction platform from the USA to sell all disused and abandoned vehicles across the country.

So after spending 30 years in America, this is the good thing you can do for your country because Escobar asked you to come home and invest. Others are setting up new automaking factories in their states and you want to make Nigeria a dumping ground and even had the guts to write the authorities asking for lands. I no know whether dem dey komot shame for una eyes for that America!

360command:
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.

Lithiumite:


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?

phylshan:
How this 'investment' costs $100m is what I am still thinking

sleek214:
How are you investing $100M in an online auction business.....and you need free land (50 hectares). This one does not have a $100M to invest besides we have pantakers to buy those abandoned cars if the owners want to sell. Besides we don't have over 500,000 abandoned vehicles in Lagos state. I think this guy is a big scam. He wants to use generating employment for the citizens as a means to scam the government. What is the man even saying? You want to take people's vehicles ( abandoned vehicles)to your yard and auction them....