Ubi Franklin, a well-known businessman and music executive, has offered his opinions on what he thinks might be one of the quickest ways for someone to become extremely wealthy in Nigeria.
In a recent interview posted on X (formerly Twitter), he recommended investing in food vendors that operate in crowded, busy areas, especially those near motor parks.
He said;
“The fastest way to become a billionaire on the mainland or in a populated area is to invest in 100 mama-put food vendors that sell food at the motor park.”
“Just imagine that you give them ₦50,000 to cook every day, and then they come back with ₦150k or ₦200k. And you take ₦50,000, give them ₦50,000 as their earning, and they use the remaining ₦50,000 to go and continue cooking.”
“Every day you are taking ₦50,000 from them. Calculate ₦50,000 daily times 365 days. That’s on one person. In a year, you will make ₦1.8 billion .”
This is a wise decision. Kudos to Ubi Franklin for sharing such valuable insights and taking steps toward success.
