Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,256 members, 7,815,396 topics. Date: Thursday, 02 May 2024 at 11:45 AM |
Nairaland Forum / Nairaland / General / Business / The History Of Money In Nigeria: 5 Things You Need To Know (25240 Views)
History Of Naira To Dollar Exchange Rate (1972-2019) / "5k Is Not Small Money In This Buhari Weather"- Angry First Bank Customer / Nigerian Man In Ghana Poses With Bundles Of Money: My First Time Of Seeing Money (2) (3) (4)
Re: The History Of Money In Nigeria: 5 Things You Need To Know by ITbomb(m): 12:49pm On Jul 15, 2021 |
How did we get here? Once Nigeria stopped encouraging production by allowing some parasites who think oil money is the only money to control politics When we allowed Ibrahim who scored 5 out of 300 to get admission and proceed to become Director while Emeka who scored 255 is denied admission and later become a salesperson |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by egbetokuns(m): 2:15pm On Jul 15, 2021 |
adioolayi: Blame Military dictatorship |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by NLmopol(m): 3:12pm On Jul 15, 2021 |
phransix2:
|
Re: The History Of Money In Nigeria: 5 Things You Need To Know by BigCabal: 3:57pm On Jul 15, 2021 |
You can read more stories about money, how to earn some and real people's relationship with money here: https://www.zikoko.com/category/money/ |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by omoyami: 6:37pm On Jul 15, 2021 |
Bustincole: Where is Kobo aluju (The one with star of David and hole at the centre? You don't have it all. |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by MJlee31(m): 9:15pm On Jul 15, 2021 |
BigCabal:Lovely and educative.. Pls permit me to share... |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by CryptoRepublic1: 9:37pm On Jul 15, 2021 |
Hundred percent lies. Fake nèws. His story should be told by him not otherwise. Trade by barter,sea shells and other forms of currency existed in Nigeria even before the British came. Do your research bro,don't go by the history that was written by Whitemen. |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by CryptoRepublic1: 9:39pm On Jul 15, 2021 |
omoyami: Thank you. The op is telling fake his story. |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by CryptoRepublic1: 9:43pm On Jul 15, 2021 |
egbetokuns: Not entirely true bro,blame the British government and her queen. They destroyed Nigeria,they planned and executed the killing of Tafawa balewa after he refused to peg Naira to British pounds, that was the beginning of the economic sabotage in Nigeria by the British. |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by theFilmtric: 10:02pm On Jul 15, 2021 |
Kayouzka:this is mostly false So orishá worshippers got cowries from Europeans? And beads too? You guys underestimate Africa |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by TheSparrow: 10:27pm On Jul 15, 2021 |
There are several businesses you can start and run profitably in Nigeria. Below are six that readily comes to mind: 1. Rice Milling One of the best businesses one can venture into in Nigeria today is parboiled rice production (Rice Milling). Nigerians currently consume over 5 million metric tons, which is equivalent to over 100 million 50Kg bags of rice annually. With the current population growth rate of Nigeria, the consumption of rice is estimated to reach about 35 million metric tons (700 million 50Kg bags) by the year 2050. There is high demand for rice in Nigeria. With a population of over 180 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large and growing market for rice. As it stands, the current producers of good quality rice in the country cannot even meet up to 50% of the current demand. This is the reason why the market is flooded with poorly produced and low quality rice. New entrants into the rice milling industry that can produce good quality parboiled rice will have an evergreen market waiting to be sold to. 2. Drinking Water Production Another good business that does very well in Nigeria is drinking water production (Bottled water and Sachet Water). The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water. The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water. 3. Poultry Farming Poultry farming is yet another business that gives good returns on investment. Poultry farming has risen to become one of the most lucrative businesses in Nigeria today. This aspect of livestock farming, if set-up and managed properly, provides legitimate continuous income for entrepreneurs within a short period of time. There are over 160 million consumers in Nigeria and over one billion in Africa. This provides a large, growing and sustainable market for poultry farmers in Nigeria, and Africa in general. 4. Pounded Yam Flour Production Pounded yam flour is another product that you can chose the invest in its production. Pounded yam is a popular delicacy produced from boiled yam tubers, and is consumed by many people across Africa. However, a lot of people, especially the middle class find it difficult to prepare pounded yam the traditional way which involves boiling yam, pounding it in a mortar using a piston, until it becomes a succulent dough. The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically processed, easy to prepare and well packaged food products like yam flour. 5. Maize (Corn) Flour Production This is another business that you can quickly setup and make good money with. Maize can be processed into several products including Maize Flour, Maize Grits. Starch, etc. With few producers focusing on the production of maize flour in Nigeria, there exists a large gap that needs to be filled by aspiring entrepreneurs in the country. This supply gap will continue to grow as the population of the country grows. 6. Cooking Oil Production The production of Cooking oil, also called Vegetable oil is yet another viable business you can quickly setup and make good money in Nigeria. The present production level of Vegetable Oil in Nigeria is yet to meet the demand of Nigerians. There is currently a ban on the importation of vegetable oil into the country. The ban was placed in other to encourage local producers to expand their operations, and new investors to go into the production of Vegetable Oil. This has made the business to be very lucrative. Wishing you all the best in your quest. Source: To read more, Visit: https://planbiz.com.ng/five-lucrative-businesses-you-can-start-in-nigeria-today-and-make-big-money/ Note: We can prepare a bankable business plan for you on any of the above businesses at just N10,000. Reach out via Call/WhatsApp: 09022106607 |
Re: The History Of Money In Nigeria: 5 Things You Need To Know by Echowas: 6:08am On Jul 16, 2021 |
ogwumgbe:How this story concern me |
Prince Don Okonkwo Celebrates 50th Birthday And 25th Wedding Anniversary (Pics) / Neatly Done Concrete Stamp Floor For Homes / Data Breach By Loan Apps: FG To Protect Nigerians
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 60 |