Man gives close friend N5m to start cement business, shares unexpected outcome

  • A Nigerian man got people talking after sharing how he once helped his gateman with ₦500k to help scale his wife’s business
  • The same man also shared an update of how he gave his friend ₦5m to start a cement supply business
  • Many who came across the post shared their thoughts on how both recipients spent the money given to them

CHECK OUT: Don’t let unemployment hold you back. Start your digital marketing journey today.

A Nigerian man shared how he gave two people money and how they made use of it.

He narrates how he gave his close friend ₦5m to start a cement supply business but was not impressed by the outcome.

Man shares how his friend squandered N5m he gave him for businessMan shared how friend spent N5m and how gateman spent N500k with wife. Photo: Tara Moore, Joseph Egabor.
Photos for illustration only.Source: Getty Images

In an X post by @chrisllionaire, the man also shared how he gave his gateman ₦500,000 to start a provision store for his wife.

He said:

“Gave a childhood friend 5M to start a business. Guy said he wanted to do cement supply. Few weeks later, baba buy Corolla, started popping bottles in lounge every weekend. He didn’t do any business and ended crashing the car. Total write off.

“Another time I gave one of our gateman 500K to start a provisions shop for his wife. Today he’s no longer working as a gateman. They’ve expanded to two shops and even built a small house in Ogun State. Money helps, but if the mindset no correct, e go still waste.”

Man shares how his friend wasted N5m he was given for cement businesMan squanders N5m he was given for cement business. Photo: Bet_noireSource: Getty Images

See the tweet below:

Reactions trail man’s business story

Many who came across the post shared their thoughts on how both recipients spent the money.

TheTalk.NG compiled some of the reactions.

@hackSultan said:

“Offering money is the current best I think I can do, I can’t offer my time or mentorship, or have the time and energy to be policing what you do with it. However, I also don’t want the money to just go to waste.”

@Ithearikebrand said:

“My mother will always say, before you give someone resources,make sure they have the right mindset to handle the resources or else when they squander it,they’ll even blame it on you.”

@ashjay001 said:

“Exactly! It works for some and not all. Doesn’t mean you shouldn’t give them a step up. You continue to cherish the wins! And, you will have a lot or wins, as long as you’re discerning.”

@OsasBenjizee said:

“I am asking by Faith today Sunday 9th March please, I need a drone to upgrade my services. It will profit me more to own a drone along side photographic services. A Mac air type. Doesn’t have to be the most expensive. I’ve been doing this alone it’s not easy. Please consider.”

Read more related stories on business

  • “I’m Tired of Owning Business”: Heartbroken Boss Weeps as Employee Quits Suddenly
  • Lady Leaves N200m Business in Nigeria, Relocates to UK to Start Over
  • After Months of Unsuccessful Job-hunting, Nigerian Man Starts Car Wash Business

Lady resigns from bank to start barbing

In a related story, a Nigerian lady resigned from her bank job three months ago to begin her barbing and hairstyling business.

She gave an update on how her beauty business was going, saying that she’d do it again in a heartbeat.

Many who came across the post encouraged the lady and shared similar experiences with their careers.

Source: TheTalk.NG


Man who hasn’t paid rent in UK for 6 months shares why, appreciates his helper
A Nigerian youth has publicly expressed gratitude to a stranger who came to his aid in the United Kingdom The young man said he has not paid rent for the past six months of living in the UK and has the stranger to thank for it His appreciation post triggered people to share their good ... Read more Continue reading here ▶


Nigerian lawyer gives strong reasons why bride price list is a scam
A lawyer has argued that giving a bride price list to a groom and his family is illegal since it is not within the laws of Nigeria. In Nigeria, many cultures have a practice whereby the bride’s family hands a written list containing various items of gifts which the groom must bring or pay for ... Read more Continue reading here ▶


Lady who got job in mortuary shares painful experience she had while on duty, vi…
A young lady has publicly shared one of the most painful experiences she had while working at an undisclosed mortuary In a video, she captured the heartbreaking background voices of people wailing upon arriving at the mortuary to collect the bodies of their loved ones While sharing the clip, the mortuary attendant noted that witnessing ... Read more Continue reading here ▶


“I want break up”: Man laments girlfriend’s attitude after her iPhone 16 request
A Nigerian man shared why he was considering an end to his relationship after his girlfriend’s birthday He stated that he couldn’t get her the iPhone 16 she requested for but took her out on a date and spent over N100,000 Many advised him after he shared how his girlfriend behaved despite his efforts on ... Read more Continue reading here ▶


After losing his job in Qatar, 27-year-old man returns home with nothing, shares…
A 27-year-old has returned home empty-handed and feeling lost after working in the Middle East for years The youth who was working in Qatar before he lost his job said he has no savings and discovered his girlfriend had been unfaithful He lamented that his friends still expect him to pay for everything and have ... Read more Continue reading here ▶


Leave a Comment