How to Invest ₦5M in Transport: Uber Car vs Five Keke

I’m planning to invest ₦5 million in a transport business and need advice on which option offers better returns. Option 1: Buy a 2008 Camry for Uber. I can use it for personal and family functions, and it retains resale value. But driving limits my free time. Option 2: Purchase five keke at ₦1 million each on hire purchase. This spreads risk and income, but payments may be inconsistent. My goal is to save ₦50 000 per day over one year to fund my MSc studies in Canada. I’ll complete my BSc by distance learning in a year, and my family will sponsor me, but they expect me to contribute. I’d appreciate insights from business-minded people on cash flow, risk, maintenance costs, and any factors I might have overlooked. Thanks!

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.