Connect with us
nairametrics

Spotlight Stories

What BBNaija winner, Laycon can do with N30 million  

Nairametrics has come up with possible investments that Laycon should consider, as he begins his millionaire phase. 

Published

on

What BBNaija winner, Laycon can do with N30 million  

After 71 days of intense competition, the season 5 of BBNaija tagged, Big Brother Naija Lockdowncame to an intriguing end yesterday, as one person walked away with the N85 million total grand prize.

After 10 weeks of staying cooped in one house, executing several tasks from sponsors, partying every Saturday, and watching their competitors leave one after the other; finalists emerged from the 20 that started the show  Vee, Neo, NengiDorathy, and Laycon. 

Of the 5, just 1 emerged winner – Olamilekan Agbeleshepopularly known as ‘Laycon’.  

READ: How to access CBN’s N250 billion intervention fund for gas sector

As earlier announced by Multichoice, N30 million was awarded to him as cash prize, with the supplementary 55 million covering;  

GTBank 728 x 90
  • A two-bedroom apartment courtesy of Revolution Plus 
  • top of the range SUV from Nigerian automaker, Innoson Motors 
  • trip to Dublin courtesy of Guinness 
  • Home appliances courtesy of Scanfrost, and a branded Chiller 
  • trip to Dubai packaged by Travelbeta 
  • 1-year supply of Indomie noodles, Munch it, and Colgate toothpaste 
  • 1-year supply of Pepsi 
  • trip to watch the UEFA Champions League finale 
  • brand new Oppo Reno 3 smartphone. 

Not many are surprised with the outcome, as Laycon was a strong contender from the first day in the house. Despite his vivid intelligence and calm nature; his victory can be attributed to a strong social media strategy by his campaign team. His acceptance was easier, being a lightweight Twitter influencer himself prior to the show.

Also, from the diary session in the final week, two of the finalists projected Laycon as the most likely winner. Nengi, particularly said she had always considered Laycon a strong competition, and she views him as someone viewers would love. Neo saw Nengi as a possible winner, while Laycon thought Dorathy to be his biggest competition. Vee said that Laycon had strong plans of what to do with the money, and believes he is deserving of the grand prize.

READ: Real Estate Developers express fear over selection process of CBN’s N200 billion Housing Fund

GTBank 728 x 90

Speaking of strong plans, Nairametrics research team has come up with possible investments that Mr. Agbeleshebioba Massoud Al Khalifah aka Laycon should consider, as he begins his millionaire phase.

Already, the finalists have won some prizes via tasks from sponsors of the show; in fact, all of the finalists have won at least N3million prize each, and Laycon in particular has about N7 million in excess winnings. Assuming that this N7 million and other gifts would take care of his living expenses for the next few months, while he channels the N30 million into worthwhile investments.

The 26-year-old singer and rapper has over the last couple of years built a music profile that could benefit massively from his new-found fame. Already, front-line artistes like Davido are hinting a possible collabo with the University of Lagos graduate.

In April 2019, Fierce Nation signed on Laycon, alongside Runnjozzy. His singing career dates back to the 2014 Coke Studio University of Lagos event, where he was one of the 10 artistes who performed. Later in 2017, he was one of the top 10 finalists at the MTV Base LSB challenge.

READ: Why Warren Buffett’s company is buying shares of a gold mining company

Jaiz bank ads

After struggling through his music career for years, without recognition, Laycon will discover that N30 million is a lot of money if invested wisely. It is also a sum that could evaporate in a matter of weeks, if misused.

Fidelity ads

Mercy Eke, winner of last year’s ‘Pepper Dem’ edition, invested her cash winnings in expanding her luxury clothing line, and launching her real estate company “Lambo Homes” which she founded in partnership with a seasoned real estate Consultant/luxury property developer, and an experienced lawyer.

Now, Laycon does not have a luxury clothing line which he might want to expand, but Research Analyst Samuel Oyekanmi avers that he could consider real estate investments just like last year’s winner. He may not have to start a real estate company, if he has no interest in it, and some landed property could make a good addition to his portfolio, given that the value rarely depreciates. “Such property could become hoteling centres or rented apartments, and bring impressive returns over time,”  he said.

READ: What UACN decision to un-bundle UPDC means for its shareholders

Founder of Nairametrics, Ugochukwu ‘Ugodre’ Obi-Chukwu, suggests Laycon should consider choice stocks in the Nigerian and foreign stock exchanges, as well as investments in money market instruments, where some decent profits can be made.

According to him, “This will also be the time to look into Agri-Tech investments, using crowdsourcing platforms, after which you can sit back and watch your funds grow over a time span of 5 months to a year.” 

Another investment worth considering is Food production. Food is a necessity, and the border closure has done wonders for investments along the food value chain, from farming to processing, and so on.

The transportation sector can also be considered. With proper management, an investment in a couple of vehicles in the transport line, could also yield good returns for Laycon.

Coronation ads

Nairametrics’ Investment Analyst, Olumide Adesina, thinks that Crypto-currencies are a good bet at this time, as they are now being used to facilitate payments. He said, “Cryptos offer the highest yield across financial assets, and investing in them can only turn out great. It has recently been attracting institutional funds, and is properly regulated through a legal framework. Laycon could also consider Agro-allied stocks, as many of them have performed quite well. In spite of the insecurity problems disrupting farming in Northern Nigeria, agro stocks such as Okomu Oil have enriched investors, through dividend pay-outs and appreciation of share price. A lot of investors are looking at U.S stocks, but among the log, the tech market remains the most attractive, after the impressive performance tech companies like Google, Facebook, Apple, and Amazon put on this year. A lot of people have been spending more time on their phones, working remotely, moving their businesses to the digital space, and providing services down the value chain; all of these has improved the performance of tech stocks.” 

Laycon might need to keep all these in mind, while drawing up the budget allocation for his N30 million cash prize.

app

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

BREAKING: Suspected hoodlums looting Palms Mall, Shoprite in Ilorin

Hoodlums have invaded Palms Mall and Shoprite in Ilorin, looting stores and carting away items.

Published

on

Some suspected hoodlums are allegedly looting the Palms Mall on Fate road, Ilorin, Kwara State capital. The mall hosts stores of Shoprite, and Lifemate Furniture among other stores including Mobile phones retailers.

This was revealed by findings conducted by a Nairametrics analyst who is presently in Ilorin.

He said, “They allegedly stole iPhone 11 mobile sets, other mobile sets brands, Refrigerators, and households items among others.”

According to the analyst, the suspected hoodlums forced their way into the Mall after they have stormed and allegedly looted Kwara Agro Hall, an agro resettlement centre, where they carted away Aluminium roofing sheets, mattresses, bags of cement and bags of flour among others.

Details soon …

GTBank 728 x 90

Continue Reading

ENDSARS

BREAKING: Lagos to support owners of looted, vandalised stores

Lagos State Government is set to support the owners of stores that were looted this week.

Published

on

Lagos State Government challenges tech startups at Art of Technology 

Lagos State Government is set to support the owners of stores that were looted this week when the #EndSARS protests were hijacked by hoodlums.

This was disclosed by the state Deputy Governor, Dr Obafemi Hamzat, via his Twitter handle on Friday evening.

He tweeted, “If you are a Lagos based business and your store got looted/vandalized this week, please fill this form by @LSETFhttps://t.co/lwPiXvFzTp. Lets do what we can to support you.”

 

GTBank 728 x 90

Details soon …

Continue Reading

Business

Update: Lagos eases curfew; now between 6pm and 8am

The Lagos State Government has relaxed the earlier imposed 24-hour curfew to now be effective from 6 pm to 8 am.

Published

on

Lagos dismisses levy on audio and visual contents, suspends LSFVCB boss, Lagos SEC meeting goes virtual as full lockdown commences, Partial lockdown guidelines for businesses from May 4, Nigeria @ 60: Lagos State Government opts for a low-key celebration of the Independence Day

The Lagos State Government has eased the 24-hour curfew which was earlier imposed on Tuesday, October 2020, to now run from 6 pm to 8 am.

This was disclosed by the Lagos State Governor, Babajide Sanwo-Olu, on Friday, October 23, during a press briefing at State House Marina, after a tour of the state to inspect the level of destruction of public and private infrastructure during the #EndSARS protests that later turned violent.

This means residents can go out between 8 am and 6 pm with effect from tomorrow (Saturday, October 24, 2020).

Sanwo-Olu said, “We have decided that we are going to be easing the curfew from tomorrow (Saturday) morning, and what that easing means is that people will be allowed to go out from 8 am to 6 pm.

“For emphasis, from 8 am tomorrow morning, you will be allowed to go out, to go wherever you wish till 6 pm in the evening,” he said.

GTBank 728 x 90

The governor said that the state needs to heal from the violence that had engulfed the state these past few days and declared that the healing has started.

Governor Sanwo-Olu, urged residents to the mindful of the barricades on the roads while driving, especially at night.

He disclosed that he had visited the various hospitals where some of the victims of the violence, especially the shooting in Lekki, were receiving treatment.

GTBank 728 x 90

The governor also hinted that following the destruction of properties as a result of the violence, officials of the Lagos State Waste Management Authority (LAWMA) would embark on a thorough cleaning of the state.

He appealed to residents to try as much as possible to stay at home if it was not very important for them to go out.

Governor Sanwo-Olu said, “We have commenced the clean-up of the city because the city needs a whole lot of clean-ups; a whole lot of roadblocks, tires burnt on the roads.

“So, LAWMA (officials), as you have seen, are out already and they will be working all through the night and in the event that they do not finish, I want to admonish and appeal to motorists and our citizens to be careful.”

“If you do not need to go out, please stay at home, and if you must go out, please drive with a lot of caution because there’s still a lot of tires, barricades, and a lot of broken bottles on the roads,” he pleaded.

Jaiz bank ads

Fidelity ads
Continue Reading
Advertisement
Advertisement
Advertisement
ikeja electric
Advertisement
Advertisement
Patricia
Advertisement
FCMB ads
Advertisement
IZIKJON
Advertisement
Fidelity ads
Advertisement
first bank
Advertisement
bitad
Advertisement
Stallion ads
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement