Hello good afternoon sir, I need your advice sir base on a decision am about to take.Am 19 years of age processing admission into university right now,I have not have any skill now but I’ll have once I relocate from where am I.
Sir I came from poor background although my parents were able to give what I demanded for if is in their capacity, but I wanted to enter into university which is EKSU or lautech and my parents are in their old age they can pay my first year tuition fees but it maybe difficult to pay the years front and I don’t want to lose by facing problem in school and also graduated and be searching for work.
My brother now told me that if my parents can gave me like 2.5 million at once to set up a solar system charging station for phone and power bank in school area and also renting of power bank in the school area which am going to be earning from it and also use it to pay my school that I should register for part time students.Although what he’s doing now also is charging which I manage one of it here where I am.
I don’t know if this decision is good or not please I need your advice sir so it won’t cost me my future regret, and also I don’t want to involve in fraud, that’s why I wanted to build and invest.
I would love if you could see to this,and reply me sir.Thank you for your time
At 19, your biggest asset is not ₦2.5 million. It is time, energy, and the ability to combine education with a business. From what you've described, I would not advise you to choose between university and business. I would advise you to combine them if possible. Here is how I see the options: OptionRead more
At 19, your biggest asset is not ₦2.5 million. It is time, energy, and the ability to combine education with a business.
See lessFrom what you’ve described, I would not advise you to choose between university and business. I would advise you to combine them if possible.
Here is how I see the options:
Option 1: Full-Time University Only
Advantages
Focus on your studies.
Graduate earlier.
Easier student life.
Risks
Your parents may struggle to pay tuition in later years.
You may graduate with little business experience or income.
You may join many graduates searching for jobs.
Option 2: Part-Time University + Solar Charging Business
Advantages
Generates income while studying.
Reduces dependence on your parents.
Builds entrepreneurship skills early.
You already have some experience managing a charging business.
Risks
Business could fail or earn less than expected.
Managing business and studies together can be stressful.
Part-time programs usually take longer to complete.
What I Would Do in Your Position
If your brother has already proven that the charging and power-bank rental business works, I would lean toward:
Start the business on a smaller scale first.
Do not invest the entire ₦2.5 million immediately.
Test the demand around the school environment.
Keep enough money aside for tuition and emergencies.
Continue your education while building the business.
A mistake many young people make is putting all available capital into one business without first proving the numbers.
Questions You Must Answer Before Investing ₦2.5 Million
Ask your brother:
How much revenue does his own charging station make daily?
What are the monthly expenses?
How long did it take him to recover his investment?
How many customers charge phones daily?
How many power banks are rented daily?
What happens during rainy seasons or low-demand periods?
Are there competitors near the campus?
If these questions cannot be answered with real figures, then investing ₦2.5 million immediately is risky.
My Recommendation
Your goal should be:
Education + Income + Skill.
Not:
Education only.
Business only.
Since you come from a modest background and are concerned about future employment, building a legitimate business while obtaining a degree can put you ahead of many graduates.
If the solar charging business is already proven and your brother can mentor you, I would seriously consider the part-time route provided the business plan is solid and you don’t commit the entire ₦2.5 million blindly.
One more thing: whether you choose Ekiti State University (EKSU) or Ladoke Akintola University of Technology (LAUTECH), learn a practical skill alongside your studies—solar installation, electrical work, digital marketing, sales, programming, or another marketable skill. A degree plus a skill plus a business is a much stronger position than a degree alone.