Kokaine:
When asked what the problem is, an average Nigerian will say money! Money! Money!.

In my opinion, I feel the dearth of ideas is as great a challenge as the lack of money it self. While one person may need a grant of NGN100,000 to kick start a life, another person with 10million naira will still come online asking for ideas on how to invest it. Many a people I have met who 'happened' upon money and all they succeeded in doing was buy cars, buy a plot of land and boom! They went back to being broke.

Unfortunately for me, I find myself in the second category. The only business I know is alternative energy, I wish to diversify and involve myself in other forms of investments. Anything outside online businesses like bitcoin and what have you.

So I ask a simple question, and I believe many Nigerians will benefit from your responses here;

If you are given a million naira for free, what exactly would you invest it on? How long do you expect a turn over, and what risks and challenges would you encounter?

ibkayee:
Buy lunch

skarlett:
I came to read comments

Ramos16:



I believe that comment was meant in terms of starting up a business, I honestly do not know what kind of business one will start with that amount, pure water business? I have tried that not really profitable, transportation, tried that too, too much risk, drivers come back every other day complaining of one big expenditure or another. The OP's question is valid, when people say they don't know what to invest in, what they are really saying is that they don't know what to invest in that has low risk.

yoged:
reminds me of my final year project as a chemistry student. Had to do spectrophotometric analysis on some reagent. Like 7 years ago.

Tedassie:

at the moon?

omafazie:
If I'm given 1 million naira for free I will invest it in Organic cosmetics production . Making organic and herbal products that clear stretch marks, dark knuckles and thighs, pimples remover products and other products like lotion and soap for both fair and dark skinned persons. Its a very good business and I already have the knowledge on how to make them. I plan to use Facebook and instagram ads to promote the business and I can make over 50% profit every month. This is because skincare is a very lucrative niche especially as alot of ladies will do anything to achieve a flawless skin.

In terms of risk, some customers may not be satisfied with the product for sure and may return it, Or the courier services I may be using to deliver the products to my customers may not deliver on time but nevertheless: the advantages far outweighs the disadvantages.

Kokaine:


If you are given a million naira for free, what exactly would you invest it on? How long do you expect a turn over, and what risks and challenges would you encounter?

Kokaine:
When asked what the problem is, an average Nigerian will say money! Money! Money!.

In my opinion, I feel the dearth of ideas is as great a challenge as the lack of money it self. While one person may need a grant of NGN100,000 to kick start a life, another person with 10million naira will still come online asking for ideas on how to invest it. Many a people I have met who 'happened' upon money and all they succeeded in doing was buy cars, buy a plot of land and boom! They went back to being broke.

Unfortunately for me, I find myself in the second category. The only business I know is alternative energy, I wish to diversify and involve myself in other forms of investments. Anything outside online businesses like bitcoin and what have you.

So I ask a simple question, and I believe many Nigerians will benefit from your responses here;

If you are given a million naira for free, what exactly would you invest it on? How long do you expect a turn over, and what risks and challenges would you encounter?

ibkayee:
Lol

bot101:


That's how you see it, but will definitely work. There'll be a lot of work to do on your part, especially with vehicle and drivers' management, and you must be willing to not touch proceeds generated within the first year of operation (means you must have alternative source of income to take care of yourself).

IamLaura:

How did u get the knowledge to make them?ive also thought about this but I don’t know where I can learn

Jocknom:
Transportation, right now I know someone who want to sale a very clean 2002 Camry that can be use for Uber, with 1million definitely i can buy the car is around 800k he wants to sale it, is just that I don't have money at the money at least I will have buy it because since i finish my service I have been indoor, sometimes just hating the way I'm sef.

Grupo:


You were the only one that made sense here.

PureMe01:
OPEN A BET9JA SHOP. dat is d surest biz I know for now.one yeye guy wey I BN know say shishi em no get go loan from bank open bet9ja shop 2016 november.now I no just dey understand em own transformation at all again..e too much.no come tell me say na another thing em do oo cos I sure for am say na d shops dey pay am.dude living sooo fine now..una no go understand.em don get like 5 shops wey dey pump give am moni.mind u wen i mean shop,i no mean one kiosk like dat,i mean standardly equipped wey be say wetin dey inside fit dey cost over 500k.I Neva see who open betting shop come later close up!!
if u don see Hala me cos me I still dey find am

bot101:
Invest in the transportation sector, return initial investment capital after 7 months and pay a 50% interest over the next 3 months. Sounds good??

dlaw70:
bros just do this,rent a big two rooms,use room divideers to divide them into four small squre shape each,
come to Benue carry like 8 girls,take them to d house,put them inside and ask them to give u 1k each everyday


settle sars and police with 50k each,go bk to ur room and be sleeping,while getting 8k everyday without stress



sense is already killing me