Dad’s ₦50m Contract Payout: Where Should We Invest?
My parents have been financially stable for ten years but can’t afford big luxuries. My dad is a doctor and a local politician, yet he’s never been wealthy. The state government just offered him ₦200m to finish a 20-year-old abandoned contract. After costs and fees, he’ll take home about ₦50–60m. We want to invest at least half of that safely and grow it over time. Options on the table include a suspicious fixed-deposit scheme, buying or developing land in our undeveloped hometown, reinvesting in his struggling clinic, upgrading his 2009 Camry, or supporting my plan to move abroad. Where should we put this money to work?
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