₦airaland Forum

ednut1:
They are saying its nothing because when converted it can’t pay school fees and living expenses in major countries abroad.

You guys also like to romanticize business in Nigeria. When most businesses fail . You have to be business savvy and street smart to make it.

Also its social media every one claims to be rich . Why he dey pain u? 😂

no b u dey follow me argue say 26 million no fit carry guyman travel out?

agulion:
T-Pain is a very big problem in Nigeria

coolsperm well done

FatimaAbubakar:
Ogun kill Tinubu supporters!!!

u Igbos are taking this thing too far

No b Una go first lose election now

It could b d fault of d illiterate that did the job, the teachers will notice but it might b too late to do another one so they take it that way

Some people are animals in human clothing

So u will hit an innocent girl anytime they talk about Chris brown?

Omo some people mad ooo

abba190:
i need only 200k to start my own business

I will b happy if u can start n stop begging online

Which business is that?

Sheistoopretty:
Tinubu nko?

an Igbo will always come out to disgrace him/herself no matter how intelligent d topic is

Alusiizizi:
What an ugly bitch!! Does she do anal?

calling another person's mum a bitch shows who your mom is n your upbringing

Those Mumu kids will not see a good marriage n emulate from it now, it is those ones that can't manage relationship for 3 weeks that will b their example

Ade2024:
They don't contribute to the economy

so d north don't contribute to d economy?

So food items they transport here, what is it called?

What do u people contribute to d economy abeg?

yemmit90:
Lolz, I won't argue much with you because you seems so sure about the business you imagined they give much return. I have done one of the businesses you listed, and I can tell you it is not what you think.

Secondly, I am not really sure you are abreast with the current economic reality, otherwise, you won't mention anything transport, boutique, phone accessories and paint shop.

The only two I will partially agree with you is food stuff and POS/phone charging. And even with that, the business is already saturated, and you are not the only one selling. You will still make money but telling me you will make 30k conistently per day is very much exaggerated. I know people that sell wholesale foods, infact if you don't have direct excess to smuggling, you can make just #2000 on a bag of rice that is almost 100k now. Same go with beans and other foodstuffs.

The reality is that, business is no longer profitable like before, and If you chose to increase your price to level up, people won't buy. They will simply go for alternative or no buy at all. For instance, a good you sold 10k and make 1k profit before Tinubu economy, you will sell the same good 40k and make less than 1k profit now. The current reality is that, your 6 millions will only buy you few items with less profit compare to when you can used the same 6 millions to fill your store and make big profits. And as an entrepreneur, if you don't make reasonable profit to cover your expenses, you may end up spending your business capital to make an end meet.

Besides, you talked about your wife making 30k and your cousin 7k per day, yes I will agree with you but I want you to know that they won't tell you the day they made nothing or less than 10% of that. I am a business person to the core, and I can categorically tell you that you need a good financial backup(good loan, assets or personal fund) to survive or stay afloat in this present economy. God be my witness, what I bought last week is now increased by 47k when I went back this morning. Tell me where I will get the money to buy new stock if I don't have a little financial backup? Sometimes, you won't even have money to buy what you use to used to buy, upon the less profit you make on expensive products.


If 26m can give you work permit in Western country, it is much more better to go and save your #1m($600) per month and live a good life than hoping for unrealistic business proceed that may not be consistent or eventually swallow by hard economic policy.

I read your second line n I am still angry, the most flexible business in Nigeria is transportation, if fuel price increase by 5 naira d minimum they add to they fare is 100 naira per passenger

As Nigeria bad reach yahoo boys dey do their thing like say tomorrow no dey, it's like u don't go out at all. All those ritualist still spend like crazy

Oga I no go even follow u argue, I for invite u here come interview people how much dem Dey use do business then u will know over 70% of them never even see 2 million before

Dey dere Dey whyne yourself

yemmit90:
Lolz, I won't argue much with you because you seems so sure about the business you imagined they give much return. I have done one of the businesses you listed, and I can tell you it is not what you think.

Secondly, I am not really sure you are abreast with the current economic reality, otherwise, you won't mention anything transport, boutique, phone accessories and paint shop.

The only two I will partially agree with you is food stuff and POS/phone charging. And even with that, the business is already saturated, and you are not the only one selling. You will still make money but telling me you will make 30k conistently per day is very much exaggerated. I know people that sell wholesale foods, infact if you don't have direct excess to smuggling, you can make just #2000 on a bag of rice that is almost 100k now. Same go with beans and other foodstuffs.

The reality is that, business is no longer profitable like before, and If you chose to increase your price to level up, people won't buy. They will simply go for alternative or no buy at all. For instance, a good you sold 10k and make 1k profit before Tinubu economy, you will sell the same good 40k and make less than 1k profit now. The current reality is that, your 6 millions will only buy you few items with less profit compare to when you can used the same 6 millions to fill your store and make big profits. And as an entrepreneur, if you don't make reasonable profit to cover your expenses, you may end up spending your business capital to make an end meet.

Besides, you talked about your wife making 30k and your cousin 7k per day, yes I will agree with you but I want you to know that they won't tell you the day they made nothing or less than 10% of that. I am a business person to the core, and I can categorically tell you that you need a good financial backup(good loan, assets or personal fund) to survive or stay afloat in this present economy. God be my witness, what I bought last week is now increased by 47k when I went back this morning. Tell me where I will get the money to buy new stock if I don't have a little financial backup? Sometimes, you won't even have money to buy what you use to used to buy, upon the less profit you make on expensive products.


If 26m can give you work permit in Western country, it is much more better to go and save your #1m($600) per month and live a good life than hoping for unrealistic business proceed that may not be consistent or eventually swallow by hard economic policy.

oga drop all these your flimsy argument

Enter any market around u n do feasibility study

So u want to tell me everyone selling stuffs where u Dey get 6 million?

I really don't like arguing with people like u cos no money is never enough

I know butchers in this market whose capital is less that 500k n they make over 10k per day steady

Oga I am in d midst of this people n I know their condition, many even take loan of less than 300k n pull up something with it

I am in d market n I see people with different businesses, many don't even have 1 million but for team "it's not enough" no money will ever b enough to them even if u talk of 100 million naira

Go to any market n tell them u have 6 million n it's not enough n see the eye wey dem go take look u

I am telling you about people we interact everyday n people we gist together like say tomorrow no dey n u are telling me imaginary, u are just out of touch with reality

Oga I no get strength for arguement with people like u cos money will never b enough with u people even if it's 200 million

shortgun:
There are places in the east where you will buy something close to that concoction you called food for less than 300 a plate but only students and some apprentice will eat that rubbish in the East. Nobody will buy that concoction from you in the east aside students

Go to ESUT back gate in Enugu you will find more than 30 women selling something close every evening and it's less than 300 naira a plate.
Oga try dey travel and stop being a nuisance

a typical Igbo n useless bragging

gidgiddy:
Does it matter? The authorities of Nigeria don't respect constitutions

but we all agreed Nigeria is a zoo now?
Even nnamdiot kanu said it so y are u expecting zoo people to do normal?

gidgiddy:
Oh really? Then that means that the DSS is lawless as chapter 4 section 6 of the constitution says

Every person who is charged with a criminal offence shall be entitled to - (b) be given adequate time and facilities for the preparation of his defence;

(c) defend himself in person or by legal practitioners of his own choice;

But thanks for reminding us how lawless the DSS is

the constitution of d zoo or Biafra?

yemmit90:
Sir, will you be kind enough to share businesses one can do with 6 millions naira that can generate 30k per day. Thanks in advance.

oga with 4.5 million u will get a sienna bus, with 1 million u will set it to taste...drive it yourself n u will make over 30k per day( I have more than 2 people doing this)

Get a mini store around 500k, secure it well with 500k, load pop cement and it's components with 5 million then u are good to go( person dey do am beside me here n I can bet u that woman doesn't have 6 million anywhere)

Get a shop of 300, use 200 to set it up. Load foodstuffs like rice, ororo, tomato paste n co worth 5 million n u will make more than 30k per day( no argue this one na my wife business)

Get fairly used keke napep grade A around 800k, buy 6 that's around 4.8 million, love-vendor it to taste with 800k n register it then give it out for daily delivery

Get shop around 500, load phone accessories, power banks, n other electrical home appliances in a busy location with 5 million n make cool cash

U can see I am only talking about business n I am not even talking about handwork cos that one na boomer

What about opening a paint shop?
Opening a shop for bricklayers equipment n even rent?
What about boutique in a busy location

I don't understand this our so called Nigeria youth, is it that u people are acting intentionally blind or u just are too blind to see opportunities around u

See my brother in law finished service and he searched for job but all to no avail, family raised 1.8 million for him.
I know for u saying 6 million is too small u won't even collect 1.8 million from them

He took d money

Rent n love-vendor shop 400
Solar for charging 600
Furniture 100
POS 600

The guy is making a minimum of 7k per day n he told me he's looking at photocopy, wait n get passport n d likes soonest if his money don complete

Imagine someone making a minimum of 7k per day with 1.8 million n u are here telling me 6 million will not do anything

If u have that 6 million send it to me n I will b giving u at least 150k for a start per month

Even if u no get up to 6 million try it with me n I will pay u steady daily

I think say Una dey whyne us sha cos market wen I Dey sell, I no sure say people get 6 million n they are doing fine

Try it first

Getbetter:
Hello everyone, I trust you're doing great.

I've been on this platform for some time learning massively from wonderful minds here.

Going straight to the point, my work is going quite well, but I feel it will make more sense if I add another source of income.

Considering the poor economic situation of the country, it would be unwise to just jump into any business venture available.

I would like to start a lucrative business that gives room for expansion over time. I'm ready to build it, and ensure it grows well.

My humble self seeks your valuable ideas and opinions. I would like to receive from you, lucrative business idea(s) you would like to give a loved one of yours.

The budget is #800,000 - #1,000,000

Thanks so much.

y not get a grade A fairly used keke napep, give it to someone for daily delivery or get a small POS shop close to your place of work n put person there

Higherlife002:
It has been long I ate this. Make I enjoy myself small.

Indomie Belle full 850
2 eggs 400
Yale bread 350
Onions 100
Power oil 200

Total 1900 naira.

Nigerians dey load belle ooo

For me ooo, it's either bread n egg or indomie n egg

I can't combine d 3 n besides u know use pepper?

illicit:
If 6 million is nothing to u

Give me

God bless u

If u tell them to transfer dat money they call small to u now, wahala go happen

Usmanovic95:
Shame won't allow this one parent collect bride price from any suitor that wan marry am.I don't know how a man with a functioning brain will pay for a woman who confess to having 50body count. Make this people dey pity their parents.

to give birth to women now Dey fear person cos they will disgrace the whole family online n they don't care

Imagine how this one family will feel after watching this video

RealityKings:
6 million is alot of capital to start a good business.
I wouldn't say no to 6 million o

imagine a fresh graduate rejecting an offer of 3 million but he's willing to travel to Abuja for a job of 120k per month

N this person will always call u for urgent 5k if he's stranded, I was like even me when u dey beg money I will gladly accept that 3 million but our oga big dreamer said 3 million is nothing but 120k salary a month is cool

CoronaVirusPro:
I have never been surprised. With the crop of youths Nigeria is breeding, such can never amaze me.

People whose role model is Hushpuppi. 100 million will definitely be small money to them.

A generation that believes in overnight wealth, and even mock those climbing the ladder to success.

Take it has a norm. It’s become a culture and tradition. Just make sure you don’t raise kids among them.

though I agree Nigeria is bad but in this same Nigeria, 26 million is still big money.

It's annoying how majority of the people brag that 6 million is nothing but we see many complaining of hardship n suffering

Who are those suffering then if virtually everyone is saying 6 million is nothing.

Hello everyone,

There's one thing that baffles me about present day Nigeria youths that make me go over again to check on Buhari statement that "Nigeria youths are lazy". It's becoming increasingly annoying lately the way Nigeria youths talk down on money and later complain of hardship.

One nairalander created a thread about what 26 million naira can establish in Nigeria and to my utmost surprise majority of the people (dominantly youths) said 26 million is nothing. Is it that we are out of touch with reality or we all just want to claim millionaires on the internet.

I personally is more of an offline person and I relate with business owners a lot( being a business owner myself) and I know people start and grow business with less than that, I know family men whose business is not up to 2 million and they are making things happen.

Even offline it isn't any better because u see a fresh graduate with skill in photography offered 2 million to start something probably get a little camera and a small shop for humble beginnings so as to avoid begging for urgent 2k but he will tell u it's not eno, he needs a minimum of 15 million.
Like do u want to become Clarence peters or tg omori overnight?

I am sorry if u aren't getting me but I see many youths offline getting dirty with what we call dirty jobs and making it big.

The way people talk down on money here makes me wonder if people are really suffering, if we have a thread of 10 pages and over 8 pages people are saying 5 million is chicken change then who are those complaining of hunger?

How can u as a youth be offered 3 million to start something and you rejects it saying it's too small

Imagine a Nigerian youth saying 26 million is nothing n 6 million can't do anything,haba!!!
I will like people to share their views on this topic cos I don't understand if I am d one with small dreams( according to them) or they are the ones out of touch with reality

Note- in my own world, it pays to start small and make 5k per day and be independent than looking for millions to start and get stranded always thereby calling for urgent 2k everytime

Mynd44
Nlfpmod
Dominique
Justwise
Mukina
Fergio001


Notable mention.....onatisi

onatisi:
I keep telling people that you will never see the opportunity in Nigeria until you have spent all the money you made in Nigeria on travelling out of Nigeria .
I know a couple of ladies that have up to 10 and 12 okadas . 26m naira will get you at least 12-13 okadas . Okada delivers 3-5k daily depending on location,but weekly is Like 20-25k . 10 okadas will give you an average or at least 200-250k every 7 days without you driving just monitoring with Strict compliance. That is almost 1m monthly. There is a particular Nigerian lady in Ghana that has 24 cars for uber ,yet people sit down in Nigeria daily thinking of how to spend all that money and give it to a white man so that they will go there and be a slave and waha plates . I keep asking myself IS THAT NOT MADNESS

it baffles me how people talk down on money yet we all complain of hardship

If majority of the people are saying 5 million is chicken change then who are those complaining of hunger?

Jmk9292:
Almost a routine in Nigeria. Successive governments turn out more disastrous.

God bless u

naijaboy756:
One of the greatest wonders of our existence is that we will ever miss Buhari's government

One of the greatest wonders of our existence is that Buhari will ever be a better President to anyone

One of the greatest wonders of our existence is that a President will have the worst records across all indices in less than 2 years

One of the greatest wonders of our existence is that human beings are still supporting Tinubu

check d indices of Nigeria president since 99, the previous have always performed than the present

No matter how bad people complain about a president they will still miss him when he's gone

People missed Jonathan after he left
Now people are missing Buhari
I can bet people will miss tinubu too but it's just a matter of time

Imagine missing Buhari many of them cursed

RodgersAkpafu:
Purchasing power of people ha e diminished significantly

Exchange rate has demolished the money

The odds are really against you as a business man in Nigeria
Unless you "plus" your affairs

oga so 26 million can't do a reasonable business

No wonder many big men don't regard Nigeria youths

So how much will b enough, I know family men doing business with less than 2 million n they are living fine

Please which kind of business do u want to do?

yemmit90:
So, na only food a family spent on?

Perhaps you are still single.

Well, that money might looks too big to you until you have it.

6 million can't start a good business

If people are this rich in Nigeria then y are we complaining of hardship

Bring that 6 million n I will repay u in 3 years

I can tell u more than 10 businesses 6 million will do that will make u earn at least 30k per day steady

onatisi:
26m will get one a truck ,good truck . Register it with a company or companies . Learn to drive the truck urself and you will be making like 600k every month . You will be ur own boss , be able to reinvest profit in other things and in 10years time you will be at a high level .
Throw that 26m into Japa,one will get there and start from ground zero , for one to stabilise it will take like one year or even more , then one will then start working to raise that 26m . We don't know the value of what we have till we lose it . Many of those abroad will tell you that they will relocate back hi oke once they can cause enough money . The same amount of funds many Nigerians are raising to Japan is the same or even less amount that Indians and Chinese are bringing into Naija and they become bosses

God bless u

My cousin brought his hummer bus for less than 12 million six months ago, he started plying Ibadan to Lagos everyday, Ibadan to Lagos is 3k before fuel went up

He carries 18 passengers that's 54k, he gets fuel, settle nurtw n officers on d road with like 24k, he makes at least 20k on that trip after miscellaneous

N coming back again 20k, that's 40k daily on a steady

He told me there are people there with 2 to 3 cars.

That aside, my brother in law who happens to finish service n couldn't get work, he managed to raise around 1.8 million, he looked for an area where they had no light

Rent shop, bought solar inverter for phone charging, bought phone accessories n started POS

The guy told me he's making a minimum of 7k per day but our nairaland billionaire's here will tell u 5 million is nothing n some people are making money with less than that amount

Pootle:
japa syndrome will pass some day, one thing damaging this country is creed no one is content. 26m is small but enough to set anyone up if well used

26 million naira is small?

That means u must have a minimum of 100 million naira in your aza

Online billionaire's

RodgersAkpafu:
26 million means you r stuck

You can't use that money for something tangible in Nigeria

And that money when changed to hard currency cannot be used to jaapa properly


Damn

sorry u mean 26 million will not start any tangible business in Nigeria?

Then u must b a billionaire anything less than that then u are somehow

nedekid:
Yes, I may not have 5k accepted, but certainly I have more than you. Let's bet..
Show evidence of 4k and I will show 4500.

lol

U gat b kidding yourself

I can bet u have never seen 5 million before all your life but u believe 5 million is small