Dear Nairalander,

Let’s talk about how we can make money in Nigeria, where opportunities abound. In fact I believe Naija is the world’s best open secret in terms of investment opportunities. All those things we complain about are opportunities to make serious money. Here are some opportunities I personally think are worthwhile

Transportation:
Imagine how much money is there to make if some savvy investor will start a well-run transportation system to chase away all those dilapidated Molues and Danfos; Some guy has started a bus service called City-Link in Lagos and I’m sure he’ll do well.

Telephony,
Imagine how much MTN GLO, and ZAIN are raking today and there’s room for greater growth. Money can be made in support areas like Rural telephony, etc

Hotels:
The South Africans (e.g Protea Hotels (http://www.proteahotels.com/search/result.asp?code=ng)) are rushing in with some first class hotels in our major cities. I hear Marriott is also coming into PH. But there’s still room for 1st class serviced flats, B&Bs etc

Schools: One of the best investments in Naija today is the establishment of Pricvate primary and secondary schools. I wish the Government will sell off some of their public schools

Real Estate:
If you can afford it too there are several well-located Public and Private well designed estates springing up all over Lagos. Houses in VGC valued at 7m about 7 years ago are now worth 22m. Imagine

Stock Market :For those (like me) who cant afford such high profile investments, have you considered the Nigerian stock Exchange (http://www.thenigerianstockexchange.com) After a discussion in the old board about 2 years back, I decided to give the Nigerian stock market a try and I've not been disappointed overall ¡V although some specific stocks are under-perfoming. Apart from good dividends (even in Dollar terms), there’s also a widespread practice of bonus shares (as opposed to stock splits in the US) which in some cases has doubled the number of holdings.

For those who don’t have the time or who aren’t sure about what stocks to pick, there are also some very good performing mutual funds e.g. IBTC’s (http://www.ibtc-lagos.com/Mutual-Funds/IBTC-NEF.htm)

Another good news is you can now get real-time quotes at the NSE’s website and also do some limited trading online via sites like Liquid Africa (http://www.liquidafrica.com/).

Here’s hoping you will all find ways to take advantage of these opportunities before the South Africans and other discerning “foreign investors” invade the whole place.

Does anyone have other ideas of how to legally make some dough in Naija?

Dem say if person dey cry, person dey see road.

na me be this

Problem is that you have not even made it as you would not be writing in this forum if you had

At some stage you will be asking for money

You can also try selling information online.

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