The Lagos Life Event Centre costs ₦60,000,000 in Ikoyi and pays out every day at 6 PM. A good day brings ₦70,000 to ₦570,000 after running costs; on a bad day (10% of the time) a wedding is cancelled and you refund the deposit, and you lose ₦320,000. On average it makes about ₦256,000 a day.
Compare it with every other investment on the Lagos Life business page and with land.
| Price | ₦60,000,000 |
|---|---|
| Daily takings | ₦500,000 to ₦1,000,000 |
| Running costs | ₦430,000 a day |
| Bad-day chance | 10% |
| Bad-day loss | ₦320,000 |
| Average a day | ₦256,000 |
| Payback | About 235 days |
Lagos Life Event Centre Income
| Day | Takings | Costs | You keep |
|---|---|---|---|
| Slow good day | ₦500,000 | ₦430,000 | ₦70,000 |
| Average good day | ₦750,000 | ₦430,000 | ₦320,000 |
| Best good day | ₦1,000,000 | ₦430,000 | ₦570,000 |
| Bad day | — | — | −₦320,000 |
Its average day is the second-highest of the 7 investments. Payouts land at 6 PM whether you are online or not.
Lagos Life Event Centre Payback and Tax
At the average rate it earns back its price in about 235 days. Business income counts toward the weekly tax: a typical week of about ₦2,016,000 in good-day profit owes about ₦203,200 in tax after the ₦1,000,000 weekly allowance. See how Lagos Life tax works.
Selling returns 60% of the price, so keep it at least 94 days before selling to come out ahead.
Is the Lagos Life Event Centre Worth It?
Yes, if you have the cash: it turns ₦60,000,000 into about ₦1,792,000 a week with no work. For the cheapest routes to the starting cash, read how to make money in Lagos Life.
Lagos Life Event Centre FAQ
How much does the Event Centre cost?
₦60,000,000.
How much does the Event Centre make a day?
About ₦256,000 on average, between ₦70,000 and ₦570,000 on a good day.
How long until the Event Centre pays back?
About 235 days at the average rate.