I have lived in Cameroon all my life and though I like it here I have always admired the potential of big success in a country as populous as Nigeria. At such for some time now I have been looking at the possibility of settling in Nigeria to do business.
At the moment I sell Tokunbo vehicles in Cameroon's economic capital of 3 million people. The business is a little slow considering the high custom duty rate in Cameroon. A vehicle that will otherwise sell in Nigeria for 2 million Naira would sell for 3.5 million Naira in Cameroon.
That said I think a new environment away from home always encourages productivity. Douala has a large Nigerian population doing well in business; and I think the motivation for most of these guys is the away from home syndrome..Lol
I am considering Lagos as the most likely place to move to because of the population and security of some sort.. I know Lagos is not the safest of places but it is safer than Katsina..Lol I plan to move on my Cameroonian passport.
Coincidentally my Surname is Obi which means I could be taken for an Igbo guy.. However I am 100% Cameroonian from the Ejagham tribe...Lol We do have some name similarities with some tribes in Nigeria.
The advice I am looking for is:
How lucrative is the second hand car business in Lagos? I am also open to other lucrative businesses.
As a Cameroonian do I need a residential permit to live in Nigeria? How much does it cost?
How much can I expect to get a clean apartment? I am married with two kids but will not be relocating with them. Hopefully onila can take care of me while I am in Nigeria..Lol
At the moment I sell Tokunbo vehicles in Cameroon's economic capital of 3 million people. The business is a little slow considering the high custom duty rate in Cameroon. A vehicle that will otherwise sell in Nigeria for 2 million Naira would sell for 3.5 million Naira in Cameroon.
That said I think a new environment away from home always encourages productivity. Douala has a large Nigerian population doing well in business; and I think the motivation for most of these guys is the away from home syndrome..Lol
I am considering Lagos as the most likely place to move to because of the population and security of some sort.. I know Lagos is not the safest of places but it is safer than Katsina..Lol I plan to move on my Cameroonian passport.
Coincidentally my Surname is Obi which means I could be taken for an Igbo guy.. However I am 100% Cameroonian from the Ejagham tribe...Lol We do have some name similarities with some tribes in Nigeria.
The advice I am looking for is:
How lucrative is the second hand car business in Lagos? I am also open to other lucrative businesses.
As a Cameroonian do I need a residential permit to live in Nigeria? How much does it cost?
How much can I expect to get a clean apartment? I am married with two kids but will not be relocating with them. Hopefully onila can take care of me while I am in Nigeria..Lol
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