Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,869 members, 7,813,960 topics. Date: Tuesday, 30 April 2024 at 10:49 PM

If You Are Given N10million Today, What Business In Nigeria Will You Invest In? - Business (5) - Nairaland

Nairaland Forum / Nairaland / General / Business / If You Are Given N10million Today, What Business In Nigeria Will You Invest In? (25013 Views)

If You Earn 2.5m Everymonth How Do You Invest? / Nigeria Will Soon Create Digital Currency — CBN / #2.5 Million: Will You Invest Here Or Travel Abroad For Greener Pastures? (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (13) (Reply) (Go Down)

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Nosafizzy(m): 10:51pm On Jan 25, 2020
DM me lets talk about this ideal
cleish:
I will invest in crop production, with a return on investment of 130% in 8 months, especially in crops that already has a large market potential in my State.
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by orisa37: 3:27am On Jan 26, 2020
EntrepreneursNG:
Yes, you!

What business will you start with N10million in Nigeria? Leave a reply, you never know if your next investor is reading.

Let's go.




FOR N10M

I WILL ACQUIRE DISTRIBUTORSHIP OF DANGOTE CEMENT

TO REDISTRIBUTE AND RESELL TO THE PUBLIC AND
TO MAKE BLOCKS FOR SALE AND TO BUILD SOME SELF-CONTAINED SINGLE OR TWO ROOMS BUNGALOWS ON MY 2387.303sq metre LAND FOR RENEWABLE LEASEHOLD.
I SHALL REPAIR MY EXISTING DUPLEX OF TWO THREE BEDROOM FLATS, QUIT IT AND RENT IT TO REPAY THE N10M ON TIME.
NO MONKEY BUSINESS AND THANK YOU.

2 Likes

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by orisa37: 3:39am On Jan 26, 2020
ItooWorWor:
I will invest 5million in farming and use the remaining 5million to buy AK47 because of fulani herdmen grin grin




THIS IS VERY SERIOUS. FH ARE SERIOUSLY IN TROUBLE IN NIGERIA. BUHARI PLEASE RESTRUCTURE THIS COUNTRY.
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by crowniran(m): 6:58am On Jan 26, 2020
Crossbow:


hello Sir, pls your illustrator course, how long is it?


15hours
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by mrjojo: 8:24am On Jan 26, 2020
crowniran:
Do you want to get a skill in web development and WordPress? Or Adobe illustrator?
I can give you access to these courses for 1,500naira on udemy. Check my signature for contact
why not learn the courses yourself , you can obviously make more than 1500 after, abi you are lazy.

3 Likes

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Adam00(m): 10:53am On Jan 26, 2020
mrjojo:
why not learn the courses yourself , you can obviously make more than 1500 after, abi you are lazy.
i just dey wonder oo
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by orunto27: 11:26am On Jan 26, 2020
EntrepreneursNG:
Yes, you!

What business will you start with N10million in Nigeria? Leave a reply, you never know if your next investor is reading.

Let's go.
.



Give me at single digit interest and a moratorium of 6-12 months, I want to be dangote's major Cement Distributor in Ondo State. I already had a 303sq metre of Land to develop an Estate for smart Bungalows for Freehold and Leasehold Sale.
"I will repay says The Lord".
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by cleish(m): 11:48am On Jan 26, 2020
Nosafizzy:
DM me lets talk about this ideal
DM sent.
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Brymo4all(m): 3:49pm On Jan 26, 2020
Jersey business is very lucrative.
You can even start with 500k
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Brymo4all(m): 3:50pm On Jan 26, 2020
orunto27:
.



Give me at single digit interest and a moratorium of 6-12 months, I want to be dangote's major Cement Distributor in Ondo State. I already had a 303sq metre of Land to develop an Estate for smart Bungalows for Freehold and Leasehold Sale.
"I will repay says The Lord".
Interesting.
Do you mean Akure?
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by franchasng: 6:06pm On Jan 26, 2020
WisemasterBizWd:
Storage business
I will purchase soybean @ 130per modu (
100modus is equal 1bag that 13000

100bags @ 13000 equals 1.3m

In four months(Feb-may) I will sale @ 200 per modu by May.

100bags will be sold @ N20000 per bag that 2m
That roughly 50% In four months.

Note: the price may rise as high as 300 to 350


Compounding: I can reinvest the whole 2m in another storage biz

Palm oil for four months again

May/June to Sept .
where will you resell Did you factor in your transportation cost

What is your storage method to ensure they won't get damaged

How sure are you with demand when you want to resell

I am asking because I seem to have interest in this, sounds cool

1 Like

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by SamjohnnyB(m): 9:07pm On Jan 26, 2020
EntrepreneursNG:
Yes, you!

What business will you start with N10million in Nigeria? Leave a reply, you never know if your next investor is reading.

Let's go.

Cassava and garri production
Poultry
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by WisemasterBizWd: 10:06pm On Jan 26, 2020
franchasng:
where will you resell Did you factor in your transportation cost

What is your storage method to ensure they won't get damaged

How sure are you with demand when you want to resell

I am asking because I seem to have interest in this, sounds cool

Resell: I will resell in d same market I bought. There are warehouses located very close to the market. You pay a penny for 1 bag to be stored for one year.

Storage method: I particularly picked interest in SOYBEANS because it's does not get affected by pests unlike maize. However there is a bag called PICS which can be used to store grains up to 12months without chemicals.

Demand: demand for agric products is always high. After few months most of the harvested Product are already consumed. So scarcity take place and dis have effect on d price.

I hope have answered your questions.

3 Likes 1 Share

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by genny2kuk(m): 10:28pm On Jan 26, 2020
EntrepreneursNG:
Yes, you!

What business will you start with N10million in Nigeria? Leave a reply, you never know if your next investor is reading.

Let's go.

Groundnut production factory for post-harvest processing.

You can produce a number of locally consumed products such as:

1. Groundnut oil
2. Kulikuli
3. Groundnut cake meals for feeds
4. Groundnut flour
5. Roasted and salted groundnuts
6. Groundnut confectionery

2 Likes

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by SehgateTeam(m): 10:49pm On Jan 26, 2020
Well. The question is who will give out 10m.?

Back to the question on how to invest the unseen 10m.

Generally, Business atmosphere in Nigeria right now is not favourable and I must be sincere with everyone. Those doing it might just be trying to meet sales not like before.

My opinion;

I will love to go into agro commodity trading with it but recently our experience on it seems bad. Because the farmer now have a way of linking the factory directly with the aid of educated farmers among them which now block the chances of traders.

If I should go into stocking. There is tendency the maize or Soyabeans or any other grow mould and spoil on waiting for prices to rise. And as a matter of fact, one of the factory we supply already have up to 180,000mt of stock already so when do we think the price we move up? Even right now the price is going down on daily basis so if you had bought maize when the price was 95,000per ton last November will you be happy to sell now at 85,000 per ton.

If I should consider farming, the fear of fulani herdsmen will not allow me to sleep.

As a risk taking business man, I will think outside the box in investing my fund. I.e, I will deposit 5m into my account and use it to trade off Nigeria boundary. (Initiating colanut export from Nigeria and send to the Sahara/Sudan via air cargo where the demand is high) then with the remaining 5m. I will move quietly to Mali/Niger republic and settle down for 3months to buy cow gallstones .

I will buy 1 gram 600-1000cfa guaranty. And I will spend most of my time like a poor business man through out because 1. Hide my identity 2. To have some good bargaining power. 3. To avoid the Arab wahala.

If I should get 2kg within 3months I will be happy though its possible because almost all their cows in this region have it.

Next is to book my flight to HK.

2kg

1gram in Hong Kong is 47USD
47USD x 2000grams 94,000USD. So let's me calculate some other factors

1. Other Chinese buying
2. other Nigerian Hausa trader buying
3. Inability to speak good Arab. Might not be able to convince them and having an interpreter Also exposes me to danger of arab spy*

So 1kg is guaranty in 3months

1000grams x 47USD.
47,000dolls.

Note* 1000grams of cow gallstones will hardly filled up 3-4 boxes of st.Luis cube sugar. So having it I will not pay any duties.....smile.

12 Likes 2 Shares

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Sagelegend: 11:22pm On Jan 26, 2020
uthlaw:
Poultry and fish pond.
Transportation.
Real estate.

This is myself....

Real Estate was the first investments
Truck Transportation biz followed
Then I started fish farming
Now working on layers birds...about to start the layers with a day old chick of 1000 pcs( may God Help me).

All others have been very profitable for me so far.

Once the poultery works out well then I will do gas plant biz LPG

4 Likes

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by spyglaxx: 4:06am On Jan 27, 2020
genny2kuk:


Groundnut production factory for post-harvest processing.

You can produce a number of locally consumed products such as:

1. Groundnut oil
2. Kulikuli
3. Groundnut cake meals for feeds
4. Groundnut flour
5. Roasted and salted groundnuts
6. Groundnut confectionery


Planting gnut too all year round. There is this dam in my village wasting away. I can install solar pumps for irrigation.Omo there is money everywhere but can't see it. My wife can produce anything kuli and oil. Na village go sure pass.

1 Like

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by abbey19877: 7:41am On Jan 27, 2020
can you drop your whatsapp contact? more explanation needed on this
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by abbey19877: 7:43am On Jan 27, 2020
can you drop your whatsapp contact? more explanation needed on this
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by abbey19877: 7:45am On Jan 27, 2020
can you drop your whatsapp contact? more explanation needed on this

SehgateTeam:
Well. The question is who will give out 10m.?

Back to the question on how to invest the unseen 10m.

Generally, Business atmosphere in Nigeria right now is not favourable and I must be sincere with everyone. Those doing it might just be trying to meet sales not like before.

My opinion;

I will love to go into agro commodity trading with it but recently our experience on it seems bad. Because the farmer now have a way of linking the factory directly with the aid of educated farmers among them which now block the chances of traders.

If I should go into stocking. There is tendency the maize or Soyabeans or any other grow mould and spoil on waiting for prices to rise. And as a matter of fact, one of the factory we supply already have up to 180,000mt of stock already so when do we think the price we move up? Even right now the price is going down on daily basis so if you had bought maize when the price was 95,000per ton last November will you be happy to sell now at 85,000 per ton.

If I should consider farming, the fear of fulani herdsmen will not allow me to sleep.

As a risk taking business man, I will think outside the box in investing my fund. I.e, I will deposit 5m into my account and use it to trade off Nigeria boundary. (Initiating colanut export from Nigeria and send to the Sahara/Sudan via air cargo where the demand is high) then with the remaining 5m. I will move quietly to Mali/Niger republic and settle down for 3months to buy cow gallstones .

I will buy 1 gram 600-1000cfa guaranty. And I will spend most of my time like a poor business man through out because 1. Hide my identity 2. To have some good bargaining power. 3. To avoid the Arab wahala.

If I should get 2kg within 3months I will be happy though its possible because almost all their cows in this region have it.

Next is to book my flight to HK.

2kg

1gram in Hong Kong is 47USD
47USD x 2000grams 94,000USD. So let's me calculate some other factors

1. Other Chinese buying
2. other Nigerian Hausa trader buying
3. Inability to speak good Arab. Might not be able to convince them and having an interpreter Also exposes me to danger of arab spy*

So 1kg is guaranty in 3months

1000grams x 47USD.
47,000dolls.

Note* 1000grams of cow gallstones will hardly filled up 3-4 boxes of st.Luis cube sugar. So having it I will not pay any duties.....smile.
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by franchasng: 8:34am On Jan 27, 2020
WisemasterBizWd:


Resell: I will resell in d same market I bought. There are warehouses located very close to the market. You pay a penny for 1 bag to be stored for one year.

Storage method: I particularly picked interest in SOYBEANS because it's does not get affected by pests unlike maize. However there is a bag called PICS which can be used to store grains up to 12months without chemicals.

Demand: demand for agric products is always high. After few months most of the harvested Product are already consumed. So scarcity take place and dis have effect on d price.

I hope have answered your questions perfectly.

Yes you have. So where will the buying and reselling take place

When is the best time to invest in the business

What are the likely downs or setbacks in this business

Sorry I am asking too many questions, just want to be sure kind of.

Good morning
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Chidinmaoko28: 8:48am On Jan 27, 2020
Hmmmmm. God please I only need 1m out of this 10m let me invest in my catering business

1 Like

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by orunto27: 9:01am On Jan 27, 2020
Brymo4all:

Interesting.
Do you mean Akure?
.



Yes and if you have the money Brymo4all bring it out and let us make progress before Buhanomics finishes us
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by WisemasterBizWd: 9:27am On Jan 27, 2020
franchasng:
Yes you have. So where will the buying and reselling take place

When is the best time to invest in the business

What are the likely downs or setbacks in this business

Sorry I am asking too many questions, just want to be sure kind of.

Good morning


You buy store and resell in market. (Niger/Plateau)

Best time to invest is dec/Jan. Or at worst 1week of Feb but d price might be a little high then.

Setback: don't be too greedy on d biz. As for me what I purchase @ 130 let say it's rises to 200 in fourth month am ok will d profit. I don't need to wait until d peak price. Upon waiting for d peak price d price can even fall .so sell mmediately u are on profit.

Thanks
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by julshairport: 10:14am On Jan 27, 2020
With the 10million,

I will purchase a Pet bottles bailing machine
Buy generator
Rent a space of land around Okoko/Badagry express.

I will go into recycling business.

I will buy 1kg of pet bottles for 15-18naira 18,000 per ton.

Transport to my yard for sorting and bailing.

I will therefore sell the white pet bottle around 40-47naira per kg, or 47,000 per ton.

And the green bottles for 70naira per kg, around 70,000 per ton.

I will design a plan to bail at least 4tons per day..

I will stick to local supply while I will pay contract sourcing agent for an export deal.

Europe, Asia, needs this product so much.

I will plan ahead in 1year time to acquire a pet grinding machine, and pet hot washer.

In other part of the land, I will grind the pet bottles into flakes there is ready market for that.

Gradually, in 5years I will have so much control over my business and employ other people(Average 25). Am adding to myself, helping my country, and promoting recycling/waste management.

Cheers.

Wake me up to get the 10m............please.

6 Likes 3 Shares

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Omawumi17(f): 11:58am On Jan 27, 2020
Borrow me 100k lasan and watch me build an empire in just a year

1 Like

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Brymo4all(m): 11:58am On Jan 27, 2020
I don't o
Just managing with my jersey business
orunto27:
.



Yes and if you have the money Brymo4all bring it out and let us make progress before Buhanomics finishes us
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Brymo4all(m): 11:59am On Jan 27, 2020
Tell me about it.
Omawumi17:
Borrow me 100k lasan and watch me build an empire in just a year

1 Like

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Omawumi17(f): 12:05pm On Jan 27, 2020
Brymo4all:
Tell me about it.
I stay here in ibadan and the demand and cost of food stuffs is incredibly here... I buy foodstuff from my hometown in osun state and sell at 100% profit. I also have a cousin that travel to the north to buy grains, groundnt, kuli kuli etc that i can partner with.
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by Brymo4all(m): 12:07pm On Jan 27, 2020
That's nice.
If i had such money I'd have love to partner with you.

Omawumi17:

I stay here in ibadan and the demand and cost of food stuffs is incredibly here... I buy foodstuff from my hometown in osun state and sell at 100% profit. I also have a cousin that travel to the north to buy grains, groundnt, kuli kuli etc that i can partner with.
Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by dammywapes(m): 12:39pm On Jan 27, 2020
Omawumi17:
Borrow me 100k lasan and watch me build an empire in just a year
how tell me please

1 Like

Re: If You Are Given N10million Today, What Business In Nigeria Will You Invest In? by francisbarrack(m): 1:08pm On Jan 27, 2020
10 million is alot of money....

I will spend 5million on 2 plot of land & start livestock( include goat, fish, poutry, pig) n my batik/ adire making, painting etc will employ two more hands. 5million is okay for this project

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (13) (Reply)

First Bank Shake-Up: Hassan-Odukale Replaces Awosika As Chairman / Dubai Banks Order Closure Of Nigerians' Accounts / Don't Get Scammed: Red Mercury Does Not Exist!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 70
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.