Which business can one start with 2million naira in present day Nigeria and make gain of atleast 50-100% yearly?
Which city apart from Lagos is advisable to set up the business?


Note: the person was recently sacked from his job and haven't done any business before.

I need people's thoughts on this please.

Starting a business that you have no skill of management for or experience to execute the daily plus and minuses will surely not be able to to give you that much... Unless you're approaching a HIGH-RISK buy and sell.

The above is not to discourage you... But does your friend have some ideas already, or he's a blank slate? Hoping to pick one that looks good from this thread?

Stephen0mozzy:
Starting a business that you have no skill of management for or experience to execute the daily plus and minuses will surely not be able to to give you that much... Unless you're approaching a HIGH-RISK buy and sell.

The above is not to discourage you... But does your friend have some ideas already, or he's a blank slate? Hoping to pick one that looks good from this thread?

He is blank for all I know. He worked for a firm for about 6 years before he resigned. He is hoping to look for a good one from this thread and probably go learn the business first before establishing...