dangoteinlaw:
what business, unless that business don’t require a physical location.

humberjade:
There is hardly anything of value you can buy with 1m now, but you can buy a plot of land around Lagos outskirt or Ogun State if you are in the West. Forget about it for sometime, and watch the value rise.

But make sure it is situated around a place with potential for development in the nearest future. And visit the place and cut the grass from time to time, fence it if possible, just make sure you have something going on there.

222Martins:
The internationally accepted definition of a millionaire is $1million in networth; that is N740,000,000. What this means is that regardless of the country you find yourself; whether USA, UK, UAE, Spain, Canada, etc, you can live comfortably as a millionaire. That's why i laugh at people who feel they have arrived with their Venza and N2M account balance

Pmedia7787:


A land about a plot from the road in Oyo currently going for 500k
1 million will get you 2 plots
The better you stop thinking Lagos
The better opportunity you will see in life

Remember,the entire country is still a village when compared to other countries,

Finally,it's not the amount of money you have that make you rich,
Its what you do with what's in your hand that actually makes you rich

dangoteinlaw:
and where will you get 700k to fence it after purchasing for at least 900k for a half plot?

ogbiwa:
I've just been thinking and I realised that with 1 million naira, you can't:
- buy a house
- buy a decent car
- buy a decent landed property
- construct a proper building foundation
- setup a decent business
- self-fund a proper business idea from zero
- etc

So I realised there are actually Nigerian "millionaires" who can't afford most of the things I listed above (technically, anyone with atleast 1 million Naira is a millionaire, by definition)
So does this mean some of our millionaires here, compared to their counterparts in other countries, are actually considered broke?

Is there something of real value you know can be bought with 1 million Naira that I may have missed? Let me know in the comments. Ogbiwa

humberjade:


Not necessarily fencing, just have something going on there, land to me is like a water, you have to keep water it to safeguard and keep it alive. But generally, I advice people to just buy land in Ogun State, it is growing very fast.

ambale:


Land wey Omo onile go later collect from you

Dey play you hear😂

Rexnegro:

Even two plots in Ogun and still have small change sef

Goalnaldo:
chai see business idea. I was listening to radio this morning and they advertised a loan company, i sent them text and they called me and scheduled a meeting with them. I might proceed to take loan and venture into this.

Goalnaldo:
chai see business idea. I was listening to radio this morning and they advertised a loan company, i sent them text and they called me and scheduled a meeting with them. I might proceed to take loan and venture into this.

dangoteinlaw:
forget the motivational talks any money in your position better hold on to it tight. I know more than 13 businesses that started last year abd folded up this year coz they couldn’t renew rent. Am not talking hearsay, infact business with physical location is fast becoming a thing of the past.

motionarena:


That's because you do not have the foresight or intelligence to change your life with 20m.
I had around 800k with me 2 yrs ago and I know how I used it to transform my life talk not more of 20m.

coputa:
Stop deceiving yourself and others.one million naira can build a self contain in a remote location.

ogbiwa:
I've just been thinking and I realised that with 1 million naira, you can't:
- buy a house
- buy a decent car
- buy a decent landed property
- construct a proper building foundation
- setup a decent business
- self-fund a proper business idea from zero
- etc

So I realised there are actually Nigerian "millionaires" who can't afford most of the things I listed above (technically, anyone with atleast 1 million Naira is a millionaire, by definition)
So does this mean some of our millionaires here, compared to their counterparts in other countries, are actually considered broke?

Is there something of real value you know can be bought with 1 million Naira that I may have missed? Let me know in the comments. Ogbiwa

flexyrule:
Website - 30k
Ecommerce training - 150k
Payment for Facebook ads for 1 week - 20k
Initial capital for business - 500k (might not even be necessary as you can get items on credit)
Laptop - 100k
Logistics and others - 50k
Pocket money while waiting for business to pick up - 50k


That 1m can turn into 3m by December.

Please nobody should quote me and say rubbish ooo.

And please take note: This is not a business advisory and anyone who asks me for further details, I won't give it out for free. Most of the guys who learnt Ecommerce for free abandoned it after a week of either dull sales, cancelled orders or Facebook ban.

No time for people who want to make money without putting in the work.

Wodu89:
It can be invested into a business to make good returns

inoki247:



I don't need to be worth 20m before I know is not money before we use to Pray for Millions we hit the millions finally he no meet up wetin we plan..


What I'm trying to say now with the present Nigeria situation 20m can't really take care of things for someone you can spend 20m and still no show for your body shey na house u wan build ni or buy car unless say na accidented car or Low Budget new car then you can still av some money left..

chccho:

If u can't make more millions out of 1 million, u won't make it even if they give u 100m

omoyeni37:
What's the name of the loan company bro?

inoki247:




Lol we are not talking about making 1m to become 100m....


With 20m can you contest an election and win from the two top party in Nigeria...


You can't av 20m and feel relax and call yourself
A rich man...

20m can't even build you a standard house in the bush let's not talk about living in town or GRA now...

The value of the money is not as how it used to be .

Adebisi0070:
May the mantle upon your life speak for you! I wish you goodluck, truly it's lucrative..
But please study your environment before venturing... Not all places uses charcoal