What Can I Do With 6.8million Naira In Nigeria?

I have thought about this too. I have some money but no contact or expertise of Nigerian business. The best thing to do is for a company that exist to link Nigerian abroad that have money with young (or old) enterpreneur in Nigeria. Ideas along the line of Dragon's den they have on the TV in the UK (and Nigeria too).

Basically, all I need is to be able to invest in a good idea that brings a reasonable return for my money and allows a budding enterpreneur or inventor to flourish - nothing dodgy or underhand but straightforward stake in a business.

I dont think it should allows be about buying and selling or importing/exporting and I will definitely avoid the financial investment - if we cannot trust them in the Western world, how can we trust them in Nigeria.

While you are still gathering ideas from nairalanders,while don't u invest in forex?

You would be getting 40 per cent R.O.I (RETURN OF INVESTMENT) EVERY MONTH.

FOR MORE ENQUIRES OR PAST PERFORMANCE STATEMENT CALL 234-7033278135

I cannot allow other people to manage my money. What is the risk to these investment managers - absolutely nothing! They still take a cut regardless of performance - it is a con! And that is a worldwide con!!!

Anyway, the best way for a person abroad is to find someone he/she can really trust and someone who has their own money and not likely to steal from you. Unless one has family members that are not going to be asking you for money and is ready to take a reasonble commission and act swiftly when things are going funny then it is hard for someone abroad to just entrust money to someone/firm in Nigeria.

I cannot even trust that the money I put in a regular bank will be safe - some gaurantees abroad and systems in place to pursue your case. But in Nigeria, when its gone its gone regardless of how it might have gone.

@Seun,I am into business but the fact is I can only guarrantee my success in a business friendly enviroment, Nigeria seems like a complicated one but still is my country and I will really be happy if I can set something up there because the money in question is in Nigeria for nothing, I just need a business that can guarrantee 25 to 30% annual return after paying expenses.I am not looking for people to manage business for me,all I asked for is just useful business tips to survive in Nigeria,kinds of products that could sell in Nigeria,for example in the past I  sent some containers of leather bags and ladies and men underwear to Nigeria but they couldnt markets even though they were good qualities/reasonable prices, But I have been bringing thesame products from Istanbul to Europe where I live and for 8 and half years things has been going pretty fine.I dont want to go into manufacturing but will prefer importation and rendering of services, I only need advice from a qualify businessman in Nigeria to just give me some ideas, I have my own plans but before implementation,I will need to check my fact right, Anyway thanks guys for your contribution, I advice anyone not to put any reasonable amount into forex trading coz alot of scams are in that shit,

@3doorsdown

Thanks for your advice, I will definitely take all advice into use, I couldnt call those guyz since they didnt give me enough details and I see no reason to call them, At thesame time,I am not saying they are 419ers but I always like to do business in a transparent manner, Thanks to all of you including Seun coz it seems we still have honest Nigerians, I wish everybody goodluck in your endeavours, Gob Bless U.

Saridon p: i will like to let you know that an ebook is an internet book that is sent through email,so if  you are interested, since you said you are not in nigeria,let me know the country you are in, you can then make payments through transfer, send me your email, inform me once this is done, then the ebook will be sent to you.

YOU may decide to try importing some fast selling goods into Nigeria;
secondly,you may decide to render jv brokerage services which is almost risk free because you dont need to commit any money.
 for free details;you may mail me on:xplusenterprisescompany@gmail.com, you dont need to call .And you always reserve the absolute right to do enough due diligence like hiring a reputable lawyer,etc,

Hey Bro, I have a fantastic and genuine business idea for you.

For details about it email me on: everblaxing@gmail.com or hit me up on: 08053519381.

Goodluck!

in the off chance that you are a yahoo boy fresh out of ideas, then please go for forex and lose it pretty fast.

If you are not, forgive me


DISCLAIMER: Forex is not such a bad idea, i just dont know enough to make an intelligent assessment about it.

@saridon p,
if you are serious lets trade forex. you need to fund your own account with about 30% of that sum you said you want to invest . Then give me the paasword for me to trade for you. i am guaranting you 30% monthly income then we share at 50/50. That means you are in total control of your money and you alone can make withdrawal. BESIDES, you  can watch you account 24hrs. and can pull you money anytime you want.

if you are serious show up  for details.

@myhouse,
how many internet bisnesses have you done? or you just seat down somewhere and make negative comments about issues you know little or nothing about.
Now, i want to ask you, how many bags of rice do you think N6.8M can afford?
that should be less than 1000bags.
you that condem what you do not know, you did not tell him that you steal about 2kg from each bag of rice for you to make profit? you do not know that GOD condem selling with false measure? before GOD that is scam as well, what do you say?
there are bad internet bizs as there are many bad off net bizs. that does not mean that all internet bizs. are scam.
please, is bad to generalize.

@saridon p

Don't mind that clown that wants to teach you forex.

If you wish to get a return on your idle funds from Nigeria, then you have several options,

If you are not very risk averse

1. You could pick a money market instrument like Treasury bills or fixed deposit and allow the interest compound with time.

2. You could also pick stocks to invest in as most of them are now very affordable and offer promise of stable returns for the medium to long term

If you are risk Averse

1. Try setting up an eatery in a commercial or densely populated part of Lagos

2. You could start a car dealership

I believe importation is the way to go. Yes import computer parts but do your homework well. Make sure you import what is moving. And preferably something they can pay for upfront so as to prevent6 your money being tied down.

It's quit unfortunate dat I couldn't respond to your question b4 u decided to stop taking advice. Hweva,if u won't mind 2 spend some seconds 2 go through my words based on my experience. My brother, the first thing  I wnt u 2 understand is dat everything involving this country seems not working. Why? Because almost every Nigerian that u come across has killed  his/her dignity & self-esteem for the sake of money. This brought about insincerity, greed & fraudulence. Now, to venture into any business, u have to consider the nature of people around u & the kind of intended customers to deal with. You risk appetite is one of the major factors to be consided. I have 3 points for u as u are planning to setup a business : 1) Don't allow success/profitability of your business to lie in a partner or a group of people. (2) Don't put all your eggs in one basket. (3) Don't spend all your money in any form of business or investment. At this juncture, I wnt to tell you about a particular business  which you can setup in any city or major town in Nigeria. The amount to be spent would be determined by location & the kind building to use. The nature of the business is SERVICE & I've never  heard of anything like that in Nigeria. But you have alot of them in developed countries being managed by private individuals. It's going to an industry on its own like Banking, Manufacturing, Insurance, etc which other people from any part of this country can also setup. This is one of my dreams. I wnt to reveal this business idea not because  I love u, but because: 1) we need such service in Nigeria (2) I don't have the required capital (3) If you setup  the business I can still setup mine whenever I have the capital. I wish you best of luck. If you need detailed information on this business idea, just contact me via: "provision2014@yahoo.com". Bye.

 
  well, while waitin to know what to do with d money why dont u just fixed it?. either for 30 days or 90 days. so that by decemcber u can have some change for xmas chicken.  u may try  GTB anyway!