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What Valuable Item Can 1 Million Naira Really Buy In Nigeria? - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / What Valuable Item Can 1 Million Naira Really Buy In Nigeria? (46186 Views)

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Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by WithFact: 9:59pm On Apr 06, 2023
Use am to buy cash

1 Like

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Ebenco84: 10:01pm On Apr 06, 2023
Land @ Sokocho ph
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by 1Sharon(f): 10:01pm On Apr 06, 2023
FalseProphet1:
It can get you good designer clothes, shoes and perfume. So you will at least look good.

This I have seen.

Buying designer clothes in Nigeria? Yikes.
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by ufuosman(m): 10:03pm On Apr 06, 2023
Land
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by nedekid: 10:05pm On Apr 06, 2023
humberjade:


Ikorodu- Ogijo-Sagamu axis, very possible
Haba, that one is not outskirts of Lagos naa. Before that area will develop, the seller would have reclaimed the land from the buyer.

6 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Sleekfingers: 10:11pm 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 will buy a CITIZEN CB5848-57L promaster eco- drive Navihawk radio controlled watch
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Rexnegro(m): 10:11pm On Apr 06, 2023
DenreleDave:
grin grin

One million will buy you a land in ogun state, ikorodu and co
Even two plots in Ogun and still have small change sef
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by finallybusy: 10:13pm On Apr 06, 2023
An experience. You fit use am Bleep many ashawos till toto tire you.

1 Like

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by humberjade: 10:13pm On Apr 06, 2023
nedekid:

Haba, that one is not outskirts of Lagos naa. Before that area will develop, the seller would have reclaimed the land from the buyer.

How can you say Ogijo is not outskirt of Lagos.

Can you please shed more like on this "Before that area will develop, the seller would have reclaimed the land from the buyer".

3 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Kworrecttv1: 10:15pm 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
And the 1m is what I earn every 2 weeks.
This life no balance. Some have food but can not eat, some can eat but have no food but I have food and I can eat glory be to God most high.

6 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by bonnyhope: 10:20pm On Apr 06, 2023
JasonScoolari:
Save that money, fuel go soon reach 570/ltr

Not 750 again?
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Frezhkid10(m): 10:22pm On Apr 06, 2023
Kworrecttv1:
And the 1m is what I earn every 2 weeks.
This life no balance. Some have food but can not eat, some can eat but have no food but I have food and I can eat glory be to God most high.
Am sure you don’t earn that in Nigeria…

8 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by NamelessOGBENI(m): 10:23pm On Apr 06, 2023
morikee:
1m is nothing now
No wahala, could you please help me with a fraction of that 1 million, I wouldn't mind a quarter..

Thank you.
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Goalnaldo(m): 10:25pm On Apr 06, 2023
You can buy eight cows with it. In Nigeria, cows are considered more valuble than humans.
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Ghezo: 10:26pm 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

You can by a high-class prostitute for the weekend

Animals
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by afbstrategies: 10:33pm On Apr 06, 2023
Piggery, depending on your location. 4 females and one male will do it for you. Take home millions after two years.

N/b. Location is very important or you will be roasted like corn 🌽 please don’t ask me why.

4 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by bonnyhope: 10:37pm On Apr 06, 2023
inoki247:



I'm not high that's fact 20million can't buy you a plot of land in my area so is that how you categorize yourself as rich man when the money you've can't even buy a plot of Land in any GRA in Nigeria...






And you think only those living in GRA are rich.

Must everyone buy land or live in GRA?

6 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by spinna: 10:39pm On Apr 06, 2023
With one million you can buy a strong laptop, a good camera and microphone etc start youtube or skits or events coverage etc.

2 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by MrBroke(m): 10:42pm On Apr 06, 2023
inoki247:



But with 5billion you can categorize yourself as a rich man in Nigeria, you can also contest an election buh with ordinary 20m you are not fit to even contest for ordinary chairman in the two top party in Nigeria...


So don't compare 5billion with 20m with 20m you can't say you're rich in Nigeria....

Money get level. 20m is rich to the poor and poor to someone with 1 billion so is that person with one billion poor to someone with 50 billion. So since you calling 20m poor i guess you are worth over 20m?

4 Likes 2 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Omolomo4eva(m): 10:48pm On Apr 06, 2023
Land...it appreciates

1 Like

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by godofuck231: 10:48pm On Apr 06, 2023
A fake copy of a nike drift
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by inoki247: 10:50pm On Apr 06, 2023
MrBroke:


Money get level. 20m is rich to the poor and poor to someone with 1 billion so is that person with one billion poor to someone with 50 billion. So since you calling 20m poor i guess you are worth over 20m?


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..

5 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Inali: 10:54pm On Apr 06, 2023
Well, I would add start a business to the pool. My preferred business would be selling phone accessories from Oraimo cos those guys are good.

Check this out na

1 Like

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by chccho(m): 10:54pm 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
Its so sad and disheartening to read all the garbage u just posted here because of your lack of Knowledge. I sense that u are still very young, uninformed and a pessimist.
FYI 1m can do alot of things if u will research more and know what u are doing.
1m today April 2023,can make u a multimillionaire tomorrow.
"unfortunately we perish for lack of knowledge"
A friend of mine was marketing this to me today.

1 Like

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by inoki247: 10:55pm On Apr 06, 2023
bonnyhope:


And you think only those living in GRA are rich.

Must everyone buy land or live in GRA?

Lol even if you decide to build your house In the Bush in this present Nigeria situation you can't build a house with 20m to your taste and av anything left so automatically you become a chronic poor man again....

What I'm trying to say is 20m no fit remove your problem until you earn it sha u go know...

5 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by chccho(m): 10:58pm On Apr 06, 2023
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..
If u can't make more millions out of 1 million, u won't make it even if they give u 100m

8 Likes 2 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by inoki247: 11:04pm On Apr 06, 2023
chccho:

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



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 .

2 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by Goalnaldo(m): 11:08pm On Apr 06, 2023
Adebisi0070:
1m is too big... I give you two (2) dirty business that will turn your life around..
200k is enough for this... (charcoal business, you can buy charcoal inside kaduna for 2300 a bag + tfare and sell in abj for 5000 within 3days, because there are buyers waitin already
5000-2300=N2700 profit a bag...
So 200k will give you 87bags now imagine your profit
2700×87bags=#234,900naira in less than a week...
*
2nd business is okada business and that's what i'm doing now + charcoal... I make 3k+ daily.. So if you can buy a good bike for someone, the future will smile at you.. God bless you
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.

5 Likes

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by chccho(m): 11:09pm On Apr 06, 2023
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 .
I don't have time/energy to argue with small minds..

4 Likes 1 Share

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by donmik: 11:16pm On Apr 06, 2023
Go and invest in Zambia or Egypt

4 Likes 2 Shares

Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by fitinwell: 11:19pm 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

You can get a New Laptop and a Phone.. with 1M...
Re: What Valuable Item Can 1 Million Naira Really Buy In Nigeria? by sacajawea: 11:39pm On Apr 06, 2023
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 did you do it?

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