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What Valuable Item Can 1 Million Naira Really Buy In Nigeria? - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / What Valuable Item Can 1 Million Naira Really Buy In Nigeria? (45909 Views)

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Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by motionarena: 8:37pm On Apr 06, 2023
inoki247:
He go buy you 1000 British Pounds shocked shocked shocked


We dey always pray Abt millions he reach out turn we start to dey earn that same Million he come turn Valueless u no fit even use am buy Land for inside GRA buh jus a plot of land in one local bush...


Imagine having 20m nd u still dey the category of a poor man d money no fit buy u land for GRA talkless of building nor a good car wey no be Tokunbo wey panel beater don beat him life....

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.

4 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by 222Martins(m): 8:37pm On Apr 06, 2023
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 balancegrin grin grin grin

31 Likes 4 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by obynoud1: 8:37pm On Apr 06, 2023
Hahaha, nothing my brother
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Aolfooties(m): 8:37pm On Apr 06, 2023
The economy really got spoiled under this administration.

Check my signature for quality made in Nigeria footwears.
Buy 2 shoes, get 1 free slide. Offer ends in 6 weeks. What's app 08111 thirty fifty 81

2 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by DlegendofGarden(m): 8:37pm On Apr 06, 2023
It can help you get a political position in Nigeria
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Adewale1603(m): 8:38pm On Apr 06, 2023
Gaming PC or latest iphones
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by propsad2: 8:38pm On Apr 06, 2023
Buy land

1 Like

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Sirchiboy: 8:38pm On Apr 06, 2023
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
.
1M is someone 3-5 years salary.
1m na huge amount of money.
E get some people who never fit save this money for years

25 Likes 4 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Ezemeiyogu(m): 8:38pm On Apr 06, 2023
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



This can set up a mini grain grinding or cassava-to-garri processing plant.

With one diesel engine, two gratters and one haudralic pump.

If you re lucky, to get a sensible operator, this can generate a profit of at least 4k a a day, when sited well.


"All things being equal"

10 Likes 2 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by arantess: 8:39pm On Apr 06, 2023
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
Car?

Keke napep is 1.50m

4 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Benwallt(m): 8:40pm On Apr 06, 2023
Granite. Some tipper loads and keep
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Iamkaro: 8:40pm On Apr 06, 2023
Keke
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by thesicilian: 8:40pm On Apr 06, 2023
It can buy 50 votes
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by eddynaira125: 8:40pm On Apr 06, 2023
But na 600k u hold for hand
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by AnambraPRINCE78(m): 8:41pm On Apr 06, 2023
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.
lol be like you never learn

Ekiti wey him games dey enter once in a blue moon

dey play

10 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by CodeTemplar: 8:41pm On Apr 06, 2023
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 feeling they have arrived with their Venza and N2M account balancegrin grin grin grin
keep shut Oga.

7 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by RoadMozart(m): 8:41pm On Apr 06, 2023
The most decent things can't be gotten with money no matter How much
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Pipefitter: 8:41pm On Apr 06, 2023
YoungLionken:
Go down to deep villages, acquire landed properties...

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

6 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by spencekat(m): 8:41pm On Apr 06, 2023
Sirchiboy:
.
1M is someone 3-5 years salary.
1m na huge amount of money.
E get some people who never fit save this money for years
Exactly

1 Like

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by ZanyABC(m): 8:43pm On Apr 06, 2023
Take that 1Million into Agricultural Business (Agrobusiness) and smile to a better future

2 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Pojomojo: 8:43pm On Apr 06, 2023
theophorus:
1M will do a proper foundation of a 2 Bedroom and for someone like me who prefer vegetation and landscaping to big buildings, I think 1M will do for Foundation.

If I have 1hectare, I will use less than half of a plot for building and it must be a bungalow.
In Nigeria?

2 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by IpobAntidote: 8:44pm On Apr 06, 2023
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.

Smart man.

1 Like 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Mrbenny001: 8:45pm On Apr 06, 2023
Buy dispatch bike like 2... Give it out for daily or weekly income

4 Likes 2 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by HomeTutorsPro: 8:46pm On Apr 06, 2023
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
It can buy vote.
Ask MC
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Lannyjoe4u: 8:46pm On Apr 06, 2023
Send the 1m and I'll use 100k to !nvest. Getting 10k/day

1 Like

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by nairaland2: 8:47pm On Apr 06, 2023
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

N1m can start businesses boss man.

With the right strategy, using sport Day Trading strategy.

You can make at least
1.005% capital and that can compound to 5x of your capital annually.

Alot can be achieved with N1m if handled properly.

See below, I started with exactly N1m, hence I'm moved to make this reply.

If you see my topic, you would see that the below history is just of today, I'm not saying you should do this, I'm just letting you know That 1 million naira I can do a lot.

You can go see more at my space on telegram: IAJ ONLINE, <== Search and join.

4 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by YoungLionken(m): 8:47pm On Apr 06, 2023
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

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 undecided??

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

21 Likes 3 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Pmedia7787: 8:48pm On Apr 06, 2023
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

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

14 Likes 5 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Pojomojo: 8:48pm On Apr 06, 2023
amigo1088:
Come to the north and set up a decent business, buy land, or buy a landed property
Insurgency made many people to leave the north and it very volatile to violence.

1 Like

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Icrave4u: 8:48pm On Apr 06, 2023
Half plot of land in a remote village

Men and lies relationship saga!

https://www.youtube.com/watch?v=QLfj69faiOc
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by theophorus(m): 8:48pm On Apr 06, 2023
Pojomojo:
In Nigeria?

500 Block will be enough. 400k
Double Load of Sand 42k
Double Load of Gravel
30 Bags of Cement 150k
Labour 200k

What did I miss?

NB: It's a bungalow ooo.

6 Likes 2 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by abobote: 8:49pm On Apr 06, 2023
It can only pay school fees for a section

2 Likes

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