Smart Nigerian Woman Buys Land for N1.5M, Sells It N90M 15 Years Later, Many React
- Without engaging in fraud, a Nigerian woman flipped her N1.5 million to N90 million thanks to real estate
- The woman said that she bought somebody's farm at N1.5 million and watched its value rise by over 300%
- She opened up that when she acquired the land it was not developed and had crops like pumpkin (Ugwu) and corn growing on it
An unidentified Nigerian woman has revealed that she sold a land she acquired at N1.5 million for N90 million 15 years later.
Her statement shocked a man in the background of the TikTok video who was interviewing her.
While stating her readiness to provide the receipt for the transaction if requested, the woman shed light on the said property.
According to her, the land she acquired then was someone's farm that was already growing crops like corn and pumpkin leaves (Ugwu).
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"And it was not developed. It was somebody's farm that I bought. There was corn, there was ugwu and all sorts of...I saw ridges there..."
Watch the video below:
Social media reactions
"Convert N1.5m to dollars at the rate of that day and N90m at today’s rate to see what was actually gained. Someone here sold in higher naira but low $."
Alan Chloé said:
"Not going to lie. There is no much profit, 1.5m 15 years ago converted to today price is almost 90m. Na inflation just Dey mke the figure Dey high."
C N said:
"Good for her but many people that started business with 1.5m 15 years ago are billionaires now. Land is good savings though but the hype is much jor."
"2019 my mom bought a land 5 M, I had 3 M she begged to buy land I no gree,I started a business it crashed now her land value 20M."
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"Y'all keep talking about what 1.5m was worth 15yrs ago, let's face facts 1.5m of 2008 in today's value is close to 10m, her selling for 90m is a great."
Benco classic said:
"It takes only God's grace to see 15 years in this generation. Thank God you are alive to see your investment."
Kelvin Ogboru said:
"Real estate is a one of the most lucrative business around, although it must be said that it's not a get rich quick venture o."
Lady gradually builds on land she acquired
Meanwhile, Legit.ng previously reported that a lady had built a business gradually on a land she bought
At the start of her video, she revealed that the process of building was gradual. Her clip was made with the aid of a viral TikTok voiceover.
Seconds into the video, the structure was about to be roofed. When the business building was done, the lady looked happy with the result.
She used the clip to inspire her followers that dreams can indeed become realities when worked on.