₦airaland Forum

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

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

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?

Godwin4444:
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

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

Godwin4444:
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?

Majority of them are very very very lazy both physically and mentally ,all they know is Chelsea ,Manu ,xvideos and japa

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?

Godwin4444:
26 million naira is small?

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

Online billionaire's

read what i again.

Godwin4444:
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?

People who think 26m is all that ( of course its not small money,but it's not the "it" money you guys think it is ) are people who have not had it before

Whether this applies to u or not, I can't say cos I don't know you, but I'll reiterate that with the way Nigeria is, today, your 26m will enter gutter, except you are ready to play the "naija" way

onatisi:
Majority of them are very very very lazy both physically and mentally ,all they know is Chelsea ,Manu ,xvideos and japa

Joke is on you on this one, even though I really like you

It's not everyone who says these things that are your "stereotypical" lazy yoot
Just saying

If you play your cards well, travelling to Europe can be the best thing that could ever happen to you

But if you wanna remain in Naija, that's also fine, but manage your expectations when it. comes to the N26m that you have

RodgersAkpafu:
Joke is on you on this one, even though I really like you

It's not everyone who says these things that are your "stereotypical" lazy yoot
Just saying

If you play your cards well, travelling to Europe can be the best thing that could ever happen to you

But if you wanna remain in Naija, that's also fine, but manage your expectations when it. comes to the N26m that you have

You are gettingw all wrong and obviously you haven't ready earlier post on this issue . I never said travelling is bad . But travelling isn't for everyone just because everyone is travelling. That is my position. If you are making 800 - 1000.dollars equivalent here in Nigeria monthly,then I don't see the reason why such person should see travelling as the only option to make it in life . Because you can grow faster here in Nigeria or Africa . But if one isn't making any headway in life then there is nothing bad in trying your luck else where . But anyone who can work here in Nigeria , have a house and a savings of 26m in his bank account isn't a poor man . Look atany of those skit makers ,they make money .
On the issue of lazy , I have a reason for saying that ,many at times we have have been thought to just follow follow without asking questions,it takes a really hard thinking person to break free from that line . Look at how our youth are embracing betting and gambling , if you hear the amount of money many of them use to bet and gamble you will marvel

The major problem is that we should ask ourselves,what are we looking for in life ? There are many people ,that with just 400k they will learn an handwork , graduate and work for someone for just 2 years and before you know it they will become their own bosses, that is just 500k ,now imagine someone saying 5m is nothing and too small to do anything tangible !!!!

lastkingsman:
Can you shed more light on this?

shed more light as how Is it not clear enough

Akpaamunsi:
Dummy people everywhere.
You how much have you converted from the chicken change in your bank account if you even have any?

Werey I will feed your papa and mama and your entire miserable family.

Godwin4444:
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

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.

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

thank you SIR, is there visa appointment for this country you mentioned?

spiceadole:
Try Norway,Austria,Finland.
There are universities with English taught courses

Godwin4444:
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

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.

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

Godwin4444:
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

Ok.

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

planetx:
Werey I will feed your papa and mama and your entire miserable family.

Every hungry nonentity on nairaland claims to have capacity to feed everyone on nairaland. Ozuoo

Akpaamunsi:
Every hungry nonentity on nairaland claims to have capacity to feed everyone on nairaland. Ozuoo

Drop your account number before hunger finish you.

I wil japa to an ecowas country so that my money will take me far, wont have visa/residence permit issues, close distance to Nigeria, and can establish a business from the funds.

What else does a man need outside peace, security, safety, a stable source of income and family?

Japa doesnt only have to be the west. Please go to the west if you can, otherwise, other places are equally good. If you are content with living a good life, Ivory coast for example will give it to you.

Godwin4444:
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

What @Yemmit90 is telling you about current realities of some of these businesses is the truth. Why you disagree is the environment you operate. It enables you to see how someone with less than 100,000 naira investment feeds family and still makes reasonable daily contribution.
Groundnut sellers that buys 2 paints of groundnut at 12,000 will still make profit of not less than 8,000 naira daily.
My experience and understanding of business is to be in it at the right time.The first business that i invested resonable money collapsed due to govt. policy. The next one that I started with less than 3,000 naira,at a time when there was no regulation and approval needed to operate, is the rock of my existence today.
One thing I am very sure of is that Nigeria will still produce legitimate millionaires in dollars. They will start small with less than 100,000 naira and grow by leaps and bounds.

It's interesting that so many people think you need a ton of money to start a good business. Nigeria and a bunch of other African nations are some of the few places where you really can start a solid business with barely anything.

I think some people see business as only certain types, and only those types that a bunch of other people have found success with. But there are so many opportunities that no one has even thought of, and then when you add the possibilities through technology...bro.

I understand that you have corruption, competition, and other problems that get in the way, but you can definitely duck and dodge a lot of that, especially through technology.

Cousin9999:
It's interesting that so many people think you need a ton of money to start a good business. Nigeria and a bunch of other African nations are some of the few places where you really can start a solid business with barely anything.

I think some people see business as only certain types, and only those types that a bunch of other people have found success with. But there are so many opportunities that no one has even thought of, and then when you add the possibilities through technology...bro.

I understand that you have corruption, competition, and other problems that get in the way, but you can definitely duck and dodge a lot of that, especially through technology.

imagine someone who is not in touch with reality, someone who doesn't know anything about market people n logistics telling u 6 million won't b enough for business

As I Dey shop now I Dey sample everyone n I am weighing people who have 6 million in their accounts or good worth 6 million

Godwin4444:
imagine someone who is not in touch with reality, someone who doesn't know anything about market people n logistics telling u 6 million won't b enough for business

As I Dey shop now I Dey sample everyone n I am weighing people who have 6 million in their accounts or good worth 6 million

I think some of it is ego. They refuse to do certain kinds of businesses, or they feel that business wouldn't earn "enough."

Cousin9999:
I think some of it is ego. They refuse to do certain kinds of businesses, or they feel that business wouldn't earn "enough."

Yet they would spend that 6-10m Tongo to Western nations and become a slave and menial worker for 10years ,whereaa they could easily have become their own bosses here in Africa , grow and become well established within that 10years. That is why when some people abroad go back home and they see those who had the same opportunities as them as at the time they left Nigeria and what those people have accomplished in Nigeria ,they feel ashamed. I keep telling people people in Naija are not joking ,they are hustling really hard

omo shey make i drop my own?

planetx:
Drop your account number before hunger finish you.

Clean2016:
DO YOU NEED TO CONVERT YOUR MONEY TO DOLLARS BEFORE SPENDING IT ON NIGERIA?

Already in USD for the purpose of retaining its value over the short term. For spending i dont need USD in Nigeria it will be taken back to naira for the spending process.

Godwin4444:
just Dey play

I really don't like to argue about things like this here cos what I know about nairaland is that they will always tell u d money isn't enough

If u say u need a bicycle n u have 30 million they will always tell u it's not enough

If I get that 26 million I won't even come here to ask questions n let them tell me it's not enough I will go to d plug direct


So to u just Dey play

Hahahahaha my school fees is 17,000 pounds. Only school fees.
He is right. Lets asume he chosed a cheaper school then of 14k pounds, then he wil have to pay for IHS, living expenses of 10k, visa fee

onatisi:
Yet they would spend that 6-10m Tongo to Western nations and become a slave and menial worker for 10years ,whereaa they could easily have become their own bosses here in Africa , grow and become well established within that 10years. That is why when some people abroad go back home and they see those who had the same opportunities as them as at the time they left Nigeria and what those people have accomplished in Nigeria ,they feel ashamed. I keep telling people people in Naija are not joking ,they are hustling really hard

That's a fair statement, but I think some people want to go the "safe" route. Maybe they've seen people try and fail at business, but they know people abroad, and only see success.

Some people may also feel that they're just not a businessman, and that's okay. It's not for everyone.