kokaneprodigy:
Hi guys, I currently have a little above 5M in naira idle and I would want to put it into a business/trade. Something with good yield and room for expansion. Basically something I can grow. I don't want to invest it in bit coin/crypto or mutual funds ( i already have investment in those for easy liquidation).
every idea is welcome, thanks.

Please don't DM me.

NetValueFX:

Buy land in three locations that are not more than 500k per plot.
After two years, you sell and buy a cheaper one again. So long as you are an active worker you can't do anything buying and selling or any other thing at all successfully. Whoever you leave it to would run it down.

peeps4u:


5m is the profit. The house is still his and will even be worth more than that.

TheGift:
I think it depends on what His financial and housing goals are. The rate of hyperinflation in Nigeria is likely to erode the value of that 5m over the years.

A305:
I don't know how to put this to you to not seem to sound stupíd just because you don't have proper knowledge of it — but if I were in your shoes, 5 million should fetch me CONSISTENT 100k to 300k every 3 days.

How?

Crypto trading. Not necessarily altcoins but bitcòin itself. Why?

Trading via Binance, B T C had huge market cap and huge volume. So what you need to do is trade volume instead of price action.

It isn't easy as I put it if you a rookie and lacks trading strategy technical know-how but (like I earlier stated) with my expertise, I will make consistent of those figures aforementioned with that 5 million capital.

Ifeco777:
am a driver seriously looking for that opportunity here Is my number in case 09026596679

kokaneprodigy:
Hi guys, I currently have a little above 5M in naira idle and I would want to put it into a business/trade. Something with good yield and room for expansion. Basically something I can grow. I don't want to invest it in bit coin/crypto or mutual funds ( i already have investment in those for easy liquidation).
every idea is welcome, thanks.

Please don't DM me.

WillyWonda1:
Please I beg you in God's name, invest in oil business. It's almost the most lucrative business you can ever get involved in. The ROI is massive

niyoni:

Hi @alismile. Mind sharing some profitable business ideas?

slawormiir:
Damnnn niggarrrr
Set up an Hk


After one year you will be a big boy

saggis:




As if you have people on cue waiting to buy the land in 2 years time. Property biz is for long term. The bolded comment is just too pessimistic. To run a successful biz and make money, you have to be able to find people you can trust. It's not possible to do everything by yourself. I used to think like you before but i know better now.

SCARED MONEY CANNOT MAKE MONEY. If you scared, just leave your money idle in the bank.

Kobicove:


It's not land in all areas that appreciates in value oga.

Buying cheap land in a water logged area and hoping it will appreciate is just plain foolishness!

tellwisdom:


No mind that overstayed thief. OP, can buy cheap items at Day to day , 1 TO 10 CENTRE and some 10-20dirhs store, where items are sold from 10-20 or 1-10dirh. Very cheap and with some qualities.

With 100k naira, your Ghana must go bag go full.

Bring them home and resell. Na em that ode de shout abaya 25k and Nike shoe. Which abaya? Same abaya wey one girl wey I know de advertise everyday without anybody buying??

Commonguy:
invest in on computer stuff.. like cybercafe and other digital programming

ALISMILE:
Actually am not a business man already, and it's not any biz that got me what I do have now
I m just fortunate to be working in a very advantaged set-up for now

However, am seriously working to commence investment in areas that are quite profitable

Only time is the challenge I have now but I've given myself a timeline. Will commence within 2months

My work no dey let me see road

Czzy:

Please how do we talk?

PAQ:
1. Importation of cars; with 5 million, you can import
two toyota corollas' (2003-05). Easy to sell and
you'll make good profit.

2. If you have a land, you can go into animal
husbandry, rare pigs, goats, sheep etc

3. If you have a wife/girl that knows how to cook, food
businesss is always good business.

4. You can get a car or two for Uber, Taxify, bolt etc. If
you dont mind driving yourself, its better there is
moneyy to be made, but no easy.

All businesses need patience, perseverance and determination. And they all come with risks. Bottom line 5 million naira is not much to start anything big, but i have seen small businesses grow into big businesses.

smokey12345:
Haulage and Logistics, That 5m can get you a truck from USA get it insured, and registered.. and i tell you, ttaking rice from Offa, Kwara state get you 2.5m naira monthly, then after sevices, payment, Goofs in Transit insirance, Truck Insurance, Truck sevicing You will still have like 1.3m naira left the you will get your capital back before 6 months then you can purchase another one. then you have to. but the Trucks are advisable to be sold in 2 years.... if you get VOLVO or MACK those are the better ones

peeps4u:


Does one put in his truck with this company or how to get people who need the truck?

ahmedio:
Take a studio apartment on lease. 20 years lease is 2.5m around Unilag. Rent it out at 400k per anuum. Steady income with no stress.

If you take 2 rooms on lease you will be making 800k annually for the next 20years. That is exclusive of the caution fee and agreement you will collect on every new tenant

iaamxavier:
I think some people already mentioned the pharmaceutical industry.

That thing na blood money

SavageResponse:


Haulage business requires close marking.

Forget the nonsense analysis that guy gave, if you have no experience in haulage business run very far from it otherwise they will steal you blind!

SweetCunt97:
Seems you over there. But what about cost of bringing it in

Incognito403:

Try fish farming.

But first, try to learn from experts first. I hear that the best and biggest fish farms and farmers are in Ilorin (Asa dam) and Ijebu-Ode.

Secondly, start small and upscale with time.

Thirdly, think security first then availability of water second when choosing a site. The biggest risk to an animal farmer is a lazy and useless man looking for protein on his meal. As for water, the fresher the water and the more the space the bigger your harvest.

Thank me later.

shankara7:
You can venture into the oil and gas sector with that amount but you would need serious tutelage.

newdawnlive:
please bcareful you will be scam, just buy Bitcoin in binance.com don't ask anyone to help you do it, sell it back by October by then your 5 Milla might have be 20 milla. a word is enough for a Wise. Iree o

josite:
U can buy 30 plots at takete,iraye remo for 5m and use it to plant ugu all year round for sale

Kobicove:


Be more specific, is it petrochemical oil or edible red oil?