SehgateTeam:
Well. The question is who will give out 10m.?

Back to the question on how to invest the unseen 10m.

Generally, Business atmosphere in Nigeria right now is not favourable and I must be sincere with everyone. Those doing it might just be trying to meet sales not like before.

My opinion;

I will love to go into agro commodity trading with it but recently our experience on it seems bad. Because the farmer now have a way of linking the factory directly with the aid of educated farmers among them which now block the chances of traders.

If I should go into stocking. There is tendency the maize or Soyabeans or any other grow mould and spoil on waiting for prices to rise. And as a matter of fact, one of the factory we supply already have up to 180,000mt of stock already so when do we think the price we move up? Even right now the price is going down on daily basis so if you had bought maize when the price was 95,000per ton last November will you be happy to sell now at 85,000 per ton.

If I should consider farming, the fear of fulani herdsmen will not allow me to sleep.

As a risk taking business man, I will think outside the box in investing my fund. I.e, I will deposit 5m into my account and use it to trade off Nigeria boundary. (Initiating colanut export from Nigeria and send to the Sahara/Sudan via air cargo where the demand is high) then with the remaining 5m. I will move quietly to Mali/Niger republic and settle down for 3months to buy cow gallstones .

I will buy 1 gram 600-1000cfa guaranty. And I will spend most of my time like a poor business man through out because 1. Hide my identity 2. To have some good bargaining power. 3. To avoid the Arab wahala.

If I should get 2kg within 3months I will be happy though its possible because almost all their cows in this region have it.

Next is to book my flight to HK.

2kg

1gram in Hong Kong is 47USD
47USD x 2000grams 94,000USD. So let's me calculate some other factors

1. Other Chinese buying
2. other Nigerian Hausa trader buying
3. Inability to speak good Arab. Might not be able to convince them and having an interpreter Also exposes me to danger of arab spy*

So 1kg is guaranty in 3months

1000grams x 47USD.
47,000dolls.

Note* 1000grams of cow gallstones will hardly filled up 3-4 boxes of st.Luis cube sugar. So having it I will not pay any duties.....smile.

Klington:
Nylon production.

It has a very huge market potential.

skedman:

I will spend 5million on real estate
Simawa land -1,800,000
Ibeju lekki----. 3,500,000
Total. 5,300,000
Then go for three different business
2,000,000 for bread business
2,000,000 for water business
700,000 will be fixed for 2years.

My reasons
Nigeria is not a business friendly country.some of the big challenges are
Power
Security
Manpower
Competitors
Government officials

Gazzy88:
Expantiate...

Sampunk:


I am interested in that business too.. Are you into the business now?

Omawumi17:

I stay here in ibadan and the demand and cost of food stuffs is incredibly here... I buy foodstuff from my hometown in osun state and sell at 100% profit. I also have a cousin that travel to the north to buy grains, groundnt, kuli kuli etc that i can partner with.

Omawumi17:
I ll set up a print press in a school environment like UI.... We print and souvenir branding jobs, customize, typing and internet services.. Ideas dey but na money ooo
I can also go into sales and supply of food items. We travel to Niger state to get food stuffs like grains, groundnut, etc... The profit is huge... My mum younger sister is into the business. One million is OK

Greekgod1:


Can we chat som8ewhere else?

WisemasterBizWd:
Storage business
I will purchase soybean @ 130per modu (
100modus is equal 1bag that 13000

100bags @ 13000 equals 1.3m

In four months(Feb-may) I will sale @ 200 per modu by May.

100bags will be sold @ N20000 per bag that 2m
That roughly 50% In four months.

Note: the price may rise as high as 300 to 350


Compounding: I can reinvest the whole 2m in another storage biz

Palm oil for four months again

May/June to Sept .

mrjojo:
why not learn the courses yourself , you can obviously make more than 1500 after, abi you are lazy.

cleish:
I will invest in crop production, with a return on investment of 130% in 8 months, especially in crops that already has a large market potential in my State.

Sabby1:
I will venture into reuse, recycling and recovery of waste. There are lots of waste in this part of the world that if properly harnessed will be financially beneficial to myself and the nation's economy

Omawumi17:

I stay here in ibadan and the demand and cost of food stuffs is incredibly here... I buy foodstuff from my hometown in osun state and sell at 100% profit. I also have a cousin that travel to the north to buy grains, groundnt, kuli kuli etc that i can partner with.

Sabby1:
Not yet, currently working on it

suco01:




You have problem of comprehension. Senseless point as usual. Because this is a faceless forum where you hide behind the keyboard doesn't mean you should sound stupiiid, people call me chat me on how to setup a salon which I always give them advice free to setup the salon wayback 2016. This is recent chat someone chat me. If u need to visit keep asking on nairaland till you are answered oo. You can't just make sense cos you're not clever in any way.

Selfkontrol:
hello bro please I need advice on setting up a standard barbing saloon in port harcourt. Budget is around 1.2m
I want to know if it’s a good idea or my money would be better with a different business since you have a better experience and I saw where you said alcohol business is far better. Thank you

todaynewsreview:
I will expand my prepaid and postpaid utility bills payment, tv subscription payment Nationwide to provide 24/7 services.

Kendroid:

Pls can you enlighten me more on this?
Thanks!

todaynewsreview:


You only need to get POS of all the Disco's to get this done.

zyman:


What part of osun state is your home town?

What kind of food stuff from your home town has 100% margin?

I'm interested in this kind of business but I will be shipping to Lagos.

ProtectMyMoney:


This sounds flowery and unrealistic.

1. Are you sewing the tshirts yourself or machine sewed?
Machine sewed
2. What type of Tshirt are you talking about?
Roundnecks, sleeveless
3. Is it sewn from scratch or just printing on the shirts?
Sewn from scratch
4. What is the labour cost involved in producing 2000pcs?
The amount I stated earlier bears all production cost, material and labor included. It only excludes shipping and clearance .
5. How much is the cost of producing 1 piece for you to set a price for 1k for 1?
Production cost is influenced by, material type and the garment type being sown...the price stated is a wholesale price the clothes a package a bundles of ten pieces.

Thank you

EntrepreneursNG:
Yes, you!

What business will you start with N10million in Nigeria? Leave a reply, you never know if your next investor is reading.

Let's go.

https://www.entrepreneurs.ng/