Hello huz
Pls I need suggestions on profitable businesses which someone can begin with 4 million naira, the economy is crumbling and man cannot depend on pay from others anymore, we need to create opportunities for ourselves when there is none.... any suggestions pls?

..
NB: Asking for someone

Quicksilver5:
Hello huz
Pls I need suggestions on profitable businesses which someone can begin with 4 million naira, the economy is crumbling and man cannot depend on pay from others anymore, we need to create opportunities for ourselves when there is none.... any suggestions pls?

..
NB: Asking for someone

With the fall in the value of the Naira and the surging inflation rate, how do you preserve and grow your wealth?

You can diversify and invest with us through our forex fund management service in other to beat the high inflation rate, preserve/increase your purchasing power and at the same time build your wealth in an inflationary economy. You will be investing under a government-licensed and regulated forex brokerage firm. Visit the link below.

https://www.nairaland.com/7349176/worlds-most-consistently-profitable-forex

I know forex and crypto are currently trending and with 4 mil it will be profitable but very risky, I have two suggestions E-commerce or domain flipping, these are pretty good

Godsproof:
I know forex and crypto are currently trending and with 4 mil it will be profitable but very risky, I have two suggestions E-commerce or domain flipping, these are pretty good

I've tried domain flipping and i have been unable to sell any of my domain name even though they are really good and valuable.

Agriculture
Communication
Transportation

Quicksilver5:
Hello huz
Pls I need suggestions on profitable businesses which someone can begin with 4 million naira, the economy is crumbling and man cannot depend on pay from others anymore, we need to create opportunities for ourselves when there is none.... any suggestions pls?

..
NB: Asking for someone

Learn how to Produce an effective Herbal therapy that would Solve Weak Erections ,Premature Ejaculations or Infections .

Once you have learnt that ,you learn how to set it up ,Get Small Vehicle to Market it Publickly.

You will be Surprise at your Turnover.

As long as human being is alive ,they would definately need Solutions to any of the above ,Its not seasonal its Compulsory .Except your herbal doesnt work ,except it has serious side effects but this one ,it won't have any ,Well researched in the Laboratory.

No be Joke ,see how ur 4 Milliion go just dey grow ..

Can we partner together,you bring goods to Cameroon we supply here i.e petrol etc if you need further information we can chat

Quicksilver5:
Hello huz
Pls I need suggestions on profitable businesses which someone can begin with 4 million naira, the economy is crumbling and man cannot depend on pay from others anymore, we need to create opportunities for ourselves when there is none.... any suggestions pls?

..
NB: Asking for someone

Hi, checkout this post i made if it might be of interest..
https://www.nairaland.com/7473246/untapped-mine-transportation-industry-business

At Topfoods Processing Company Limited, we currently produce top quality rice flour and 100% pure ginger powder.

You can become a distributor of our lead product, SHINKAVITA,:

Read how to become a distributor here: https://www.nairaland.com/7009778/distributor-premium-rice-flour

Or become our supplier partner and earn a decent stress free profits on your capital:

Read how to become a supplier partner here: https://www.nairaland.com/7318050/investment-supplier-partnership-opportunity-topfoods

Regards.

Ooo I understand, I know of a guy whose a pro, he is really good, I could connect you with him

Quicksilver5:
Hello huz
Pls I need suggestions on profitable businesses which someone can begin with 4 million naira, the economy is crumbling and man cannot depend on pay from others anymore, we need to create opportunities for ourselves when there is none.... any suggestions pls?

..
NB: Asking for someone

You can give food business a try..

If you answer YES to the above, then look no further, A Viable food is what you need.

You see, no matter what’s happening in the world, there’s one thing that remains constant – PEOPLE NEED TO EAT. And if your product is food, people must buy no matter when, no matter what.

There are hundreds of agribusinesses you can start today. You have to conduct several researches to come up with one that is feasible, viable and suitable for you to do.

We have done the hard work for you! We conducted a series of market research and come up with twenty (20) profitable and viable agribusinesses you can choose from, that are guaranteed to make you LOTS OF MONEY.

Read on to learn about the businesses.

1. Rice Milling: One of the best businesses one can venture into in Nigeria today is parboiled rice production.

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.

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. Maize 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.

4. Cooking Oil Production: The production of Cooking oil, also called Vegetable oil is yet another viable business you can quickly set up 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 order to encourage local producers to expand their operations, and new investors to go into the production of Vegetable Oil. This has made the business very lucrative.

5. Garri Production

Garri is a common staple food widely consumed by Nigerians. Garri is creamy-white, granular flour with a slightly fermented flavor and a slightly sour taste made from fermented, gelatinised fresh cassava tubers. It is the most widely traded cassava product, accounting for more than 75 percent of produce extracted from cassava.

The annual national demand for garri is estimated to be about 1,000,000 tonnes while the national supply estimate is about 250,000.

The by-product obtained from the production of garri is called ‘cassava peels’. cassava peels are mostly used as an ingredient in the production of feeds for poultry, cattle and other livestock.

6. High quality Cassava Flour Production: High quality cassava flour (HQCF) is simply unfermented cassava flour. It can be used as a partial replacement for many bakery and pasta products. High Quality Cassava Flour (HQCF) can be used as an alternative for starch and other imported materials such as wheat flour in a variety of industries in many countries in Africa. Uses of HQCF include raw material for the production of glucose syrups, industrial alcohol and bakery products, the production of adhesives, as an extender for plywood glues and as a source of starch in textile sizing.

The annual national demand for High Quality Cassava Flour {HQCF} is estimated at 750,000 tonnes while the national supply estimate is about 50,000 tonnes.

The by-product obtained from the production of HQCF is called ‘cassava peels’. cassava peels are mostly used as an ingredient in the production of feeds for poultry, cattle and other livestock.

7. Cassava Chips Production: Cassava chips/pellets are unfermented white dried products of cassava with an average diameter of 0.8-3cm often used as a carbohydrate base in the animal feed industry particularly in Asia, Europe, America and the Middle East. It is also milled to produce flour for bakery, starch and adhesive production. Cassava chips are also widely used in the production of industrial ethanol.

The demand for Cassava Chips as an industrial product is wide. It cuts across so many industries such as distilleries, pharmaceuticals, food and most especially the animal feed industry.

The by-product obtained from the production of cassava chips is called ‘cassava peels’. cassava peels are mostly used as an ingredient in the production of feeds for poultry, cattle and other livestock.

8. Amala Flour Production: Yam (Amala) flour is flour obtained from fermented yam tubers. The flour is creamy-brown in colour, and it is used in the preparation of a popular Nigerian dish called Amala. Amala is so popular that it is served in almost all restaurants across the country.

The annual national demand for good quality amala flour is estimated to be 350,000 tones while the national supply estimate is just about 150,000.

9. Instant Pounded Yam flour Production: Instant pounded yam flour is the flour obtained when parboiled yam is dried and milled. The flour is creamy white in colour and is used in the preparation of a popular African dish called Pounded-Yam.

The annual national and international demand for Instant Pounded Yam Flour is estimated to be over 500,000 tons.

There is currently a large shortfall in supply of the product for both the domestic and international market.

The supply gap has continued to expand as the population of the country grows and as a result of the rural urban drift in the country.

10. Bean Flour Production: Bean flour is a flour obtained from peeling and milling dried beans. Beans flour is creamy in colour and it is used as a protein source in human food across the world. Bean flour is used in the preparation of many Nigerian – African dishes, including Akara (Bean cake), Moin-Moin (Boiled Bean Paste), etc.

There is high demand for beans flour in Nigeria and also in the international market. Producers of bean flour can choose to supply the domestic Nigerian market and its neighbouring countries, or choose to supply the international markets especially those regions with large numbers of Africans in Diaspora, such as Europe, America, etc.

The annual national demand estimate for bean flour is over 600,000 tonnes while the current level of supply is about 20% of the estimated demand.


You can read more about 10 other food businesses via the source link below

Source: https://planbiz.com.ng/20-food-processing-businesses-that-will-make-you-big-money/

Use less than 2% from that amount and Learn a skill.

Keep the remaining 98% in a fixed account for the next 6 months so you won't have access to it and start chasing the next shiny object.

Monetize the new skill you have acquired and nurture it to the point it becomes profitable and start generating it's own income.

Prioritize skill acquisition over any other business endeavor.

Wishing you the very best.

byrron:
Use less than 2% from that amount and Learn a skill.

Keep the remaining 98% in a fixed account for the next 6 months so you won't have access to it and start chasing the next shiny object.
Monetize the new skill you have acquired and nurture it to the point it becomes profitable and start generating it's own income.

Prioritize skill acquisition over any other business endeavor.

Wishing you the very best.

Please example of such skills?

obuneme:

Please example of such skills?

There are so many skills one can learn which can be monetized.

You can also check the link below for list of skills one can learn. Someone here in Nairaland created the thread and listed so many skills in it.

Number 39 on that list is something I do on the side outside my regular job and it has been very rewarding and fulfilling for me.

https://www.nairaland.com/6501589/learn-skills-handwork-today-start

Pick anyone on the list that is of interest to you and research about it.

Wishing you the very best.

Quicksilver5:
Hello huz
Pls I need suggestions on profitable businesses which someone can begin with 4 million naira, the economy is crumbling and man cannot depend on pay from others anymore, we need to create opportunities for ourselves when there is none.... any suggestions pls?

..
NB: Asking for someone

if you are in South East especially Anambra come let us partner in bread production business,you won't regret it