DaddyCash:
Start a POS business with it. It's less risky.

can you expatiate?

sulakishop:
Bitcoin to sell later

Or deh

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.

30k for website?
Ho low do

lizko:
Can a person save such amount in Europe doing minor jobs to sovive for some years an come back to nigeria and invest.

its possible but it would take years. Lets say you earn 2k dolls per month doing odd job and you save 1k per month, a year would be 12k, omo, do the maths!

alizma:

Which business, that is the question

Maize and Cassava cultivation

emmanuelewumi:




Little drops of water make the big ocean the journey of a thousand mile starts with a step.


See the N1 million or N20 million as a seed that can be turned to a tree and later a forest in 20 years

Lol you people are not getting it if you inverst the 20m you will still look like a Poor man cause the investing will not even allow you to touch the money....

What I'm saying is 20m will still mak you look like a poor man bkuz investment alone you might not even buy ordinary Boxers from it so tell me how you're still rich when you've money but you can't touch if you touch it the money will finish rapidly if you use for investment you still have to suffer for long till you can have enough and something left....



20m is not money you make and you start thinking you've arrived you Neva reach anywhere....

olisaEze:
It can at least afford 20secs of dorimé for you!

Hahaha, you are wicked o Hahaha

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

Quite a lame question. How do you define "something of real value"?

So person that get 1m dey see himself as millionaire haha. Dey play.

JasonScoolari:
Save that money, fuel go soon reach 570/ltr

Hello, mind telling me why you said fuel go hit 570/ltr? how did you come to this? because I will be starting a business soon and I will have to fuel the business for about 10hours

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.

How please?

inoki247:




Lol you people are not getting it if you inverst the 20m you will still look like a Poor man cause the investing will not even allow you to touch the money....

What I'm saying is 20m will still mak you look like a poor man bkuz investment alone you might not even buy ordinary Boxers from it so tell me how you're still rich when you've money but you can't touch if you touch it the money will finish rapidly if you use for investment you still have to suffer for long till you can have enough and something left....



20m is not money you make and you start thinking you've arrived you Neva reach anywhere....

Who are you comparing yourself with. Someone will definitely be bigger and smaller than you.


Your goal is how to turn the N20 million to N100 million, then to N200 million and so on.


98% of Bank customers in Nigeria have less than 500k in their account.
Less than 1% of working class Nigeria have a networth of N20 million.


Anybody in Nigeria that says N20 million is nothing must have a minimum of N100 million.



N20 million is a good starting point.


As per thinking that will N20 million one has arrived, that is the cause of our problem.


Dangote sef never talk say he don arrive.


It is a journey and not a destination.


We are always in a haste to celebrate before the celebration

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

you guys would come here and talk rubbish.
Any proof to back up that you have to be a millionaire in dollars before you'll be accepted as a millionaire?

Laurene:
you guys would come here and talk rubbish.
Any proof to back up that you have to be a millionaire in dollars before you'll be accepted as a millionaire?

That is the currency for international trade.


One million naira does not make one a Naira millionaire, making a million and above as investment income does .


To make N1 million as investment income you should have a minimum of N10 million as an investment asset

Pipefitter:


A plot of land in the deepest part of my village in Anambra is nothing less than 10m. I am from Ichida in Anambra

lies! Pants on fire!
My cousin even bought a land in close to lagoon in Lagos last year for 700k.

I bought "1 and a bit above half" plots of land in my village in Asaba, Delta for 1.350k million.

A dude I know in Umuahia, Abia bought 2 plots in a marshy/swampy area for 300k each.

Another also bought 3 plots in Nsukka for 1.3, 1.5, 1.5 million each.

Cheap land still dey. You can't tell me your village is bigger than all these places aforementioned.

YoungLionken:


You see, this is one of the problems I have with the Igbos. Where in Nigeria (whether west, south or north) deepest village, would a plot of land cost that much ??

I think the Igbo elders should sit and address this money-money syndrome, that is rampant in the east...

Don't mind that guy... He's either lying or dunno what he's saying.
How can you get a plot of land for 10 million in erosion-ridden Ichida?3 to 5 mill can get you decent lands in decent places in Abia and delta

emmanuelewumi:



That is the currency for international trade.


One million naira does not make one a Naira millionaire, making a million and above as investment income does .


To make N1 million as investment income you should have a minimum of N10 million as an investment asset

You're being canny, the topic isn't talking about net worth rather having 1 millie in account.
Once you have up to 1 million in your account you're a millionaire until it drops.

Stop long talk.

Laurene:
You're being canny, the topic isn't talking about net worth rather having 1 millie in account.
Once you have up to 1 million in your account you're a millionaire until it drops.

Stop long talk.

Okay oooo, if one million naira in your account makes you millionaire. A big congratulations on your status

Wodu89:



Maize and Cassava cultivation

Thanks

77up:
When you see people rushing to insult people like this, just know they are either one reckless over fed kid or senseless old man.

Even as I'm talking to you now, part of the location selling now in my company are spread across Oyo, Ogbomoso,Osun and Kwara and trust me , you will even get change from 1m with 1acre at some of these location, all you need is leave it for some time to appreciate and cash out later. I have where you can start building now that you can get 2plots with that 1m in Osun.

When I said you can get plots of land or even acre in a surbub area, I know what I mean and intelligent people already understood not some numbskull like you, now get lost fool.

So I should leave my business thriving among urban civilization to go and build a useless house in a remote godforsaken place…You just want people to buy your damned land that omo nile wouldn’t let you own in peace.

Laurene:
lies! Pants on fire!
My cousin even bought a land in close to lagoon in Lagos last year for 700k.

I bought "1 and a bit above half" plots of land in my village in Asaba, Delta for 1.350k million.

A dude I know in Umuahia, Abia bought 2 plots in a marshy/swampy area for 300k each.

Another also bought 3 plots in Nsukka for 1.3, 1.5, 1.5 million each.

Cheap land still dey. You can't tell me your village is bigger than all these places aforementioned.

Abeg where you wan see land for Asaba for 1.35M nawao Abi na ibuzor or okpanam village you go buy land
FYI lands are very expensive in Asaba
If you don't have like #10Million and above you can't even buy 100 by 50 (450 sqm)
10Million land sef bush go still dey small

Even immigration side towards ibuzor 100 by 50 (450sqm) is 6-10Million and I bet you that place na still bush e never develop
Lands from Coker down to ibozor road is hovering now between 20-40Million
Depending on the axis in that ibuzor road
She na okpanam road wey be no go area land na like 150Million for major road

Am sure that land you bought is the outskirt of asaba

Mariam babaginda way 100*50(450sqm) na 70-80M
Malaysia estate land na 40-50M
Airport view land na 40M upwards
Asaba lands are fucking expensive

Complete am 1.2m, come IMO state make I show you land

dangoteinlaw:
and whatsoever you put on it has to be visible from a quite distant, putting a foundation of low depth won’t mean nothing unless the structure goes a bit high. You must spend 700k bro I know this for a fact because the land opposite my building at oko afo is on sale for 950k and the young guy showing interest needs that amount to put something on ground.

See ehn, the main reason for having something going on on the land isn't for so that people can see from afar, its main purpose is for it to put a potential buyer off without solid documents. For example, if I am taken to a land, and I see something going on there, I will ask more questions than I would on a virgin land. Virgin lands can easily be resold by communities, but lands with activities on it won't be. So that's the whole idea.

Sirchiboy:
.
Send me the 1m on Monday and on tuesday morning.
I will send you 2m immediately.
I have one sure 3 odd from mayor of ekiti.

your Twitter handle follow back @nypdinc

seanwilliam:
can you expatiate?

will you run it yourself?

SimeonOTC:


Hello, mind telling me why you said fuel go hit 570/ltr? how did you come to this? because I will be starting a business soon and I will have to fuel the business for about 10hours

any business that would require light is not advisable to do. The reason bhe said so is because subsidy would be removed in less than two weeks.

Laurene:
How please?

Business

Your friend that bought slow to the Lagos should be ready to spend on the foundation plus prepare a canoe if he decides to stay there.

Laurene:
lies! Pants on fire!
My cousin even bought a land in close to lagoon in Lagos last year for 700k.

I bought "1 and a bit above half" plots of land in my village in Asaba, Delta for 1.350k million.

A dude I know in Umuahia, Abia bought 2 plots in a marshy/swampy area for 300k each.

Another also bought 3 plots in Nsukka for 1.3, 1.5, 1.5 million each.

Cheap land still dey. You can't tell me your village is bigger than all these places aforementioned.

Where in Asaba?

Laurene:
Don't mind that guy... He's either lying or dunno what he's saying.
How can you get a plot of land for 10 million in erosion-ridden Ichida?3 to 5 mill can get you decent lands in decent places in Abia and delta

Where in Abia & Delta?

Larry1960:


Abeg where you wan see land for Asaba for 1.35M nawao Abi na ibuzor or okpanam village you go buy land
FYI lands are very expensive in Asaba
If you don't have like #10Million and above you can't even buy 100 by 50 (450 sqm)
10Million land sef bush go still dey small

Even immigration side towards ibuzor 100 by 50 (450sqm) is 6-10Million and I bet you that place na still bush e never develop
Lands from Coker down to ibozor road is hovering now between 20-40Million
Depending on the axis in that ibuzor road
She na okpanam road wey be no go area land na like 150Million for major road

Am sure that land you bought is the outskirt of asaba

Mariam babaginda way 100*50(450sqm) na 70-80M
Malaysia estate land na 40-50M
Airport view land na 40M upwards
Asaba lands are fucking expensive

Ugbolu is even 25m with abeg

IyaTola:
will you run it yourself?

hmm no . But what different does it make? And with capital of 1m, on average how much can one make per month ?