Former Nigerian Vice President and APC Presidential aspirant, Atiku Abubakar has revealed how he made his money and also built a house for his mother at the tender age of 15.
Atiku made this revelation in his new book titled ‘My Life’ under the sixth chapter of the book called ‘Making Money’. He mentioned that he bought a mud house for her mother in Ganye, Adamawa State.
He said he realized very early in life that he had a good business acumen and this made him to apply for a Federal Housing loan which he got. The loan, he said, which amounted to N31,000, was the equivalent of his salary for five years as a customs officer.
He said, “I was granted a plot of land by the Gongola State Government at Yola Government Reserved Area. I hired a foreman and began building my first house.
“With close personal supervision, the bungalow was completed on time and to my taste. I rented it out immediately.
“The rent I collected in advance on the house was substantial enough for me to purchase a second plot. I built my second house and rented it out.
“I continued to plow back the rent into the building of new houses and within a few years, I had built eight houses in choice areas of Yola. I also built a new house for my mother and rebuilt the old mud house I bought for her in Ganye when I was a 15-year-old student.”
The former Vice President said property investment could be rewarding, because, according to him, returns on it could also be high depending on the location. Kaduna, for instance, he further added, was a nice place to invest before Abuja came into being.
He explained that he built his first house in Kaduna with the rent money he accrued from other property and that later, he purchased six more plots and built residential houses and rented them out to individuals and institutions.
Atiku also suggested that a small oil services company of his most successful and most lucrative business venture so far.
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