4 MONEY MISTAKES YOU SHOULD AVOID IN NIGERIA RIGHT NOW
This article was inspired by a discussion I had with a friend recently. He had bought a motorcycle for someone on a hire purchase agreement. Well, needless to say, the transaction ended in premium tears. So briefly, I will discuss why the transportation or logistics business is a No for most working-class Nigerians looking to invest their income and other money mistakes I see a lot of new earners making. 1. Transportation business: It is difficult to find drivers or riders with integrity to hire. My dad did this business full-time for 20 years so I saw close-up the difficulties in receiving the agreed remittances from the drivers. Be prepared for the usual excuses: police exhortation, traffic jams, and so on. So, this is not the sort of investment for anyone who is fully engaged at a tasking 9-5. You need time to monitor the riders closely and you need to be very street smart to engage these guys. However, I agree that the logistics business is huge at the moment and there are man