What are 12 Profitable Investment Opportunities In Nigeria?
These days, with many fake investment platforms arising, individuals are terrified to invest and turned to saving their cash since they would rather not fall in some unacceptable hands.
Also, in spite of the ascent of fake investment platforms in Nigeria, many individuals actually relate to the true ones and are cashing out real good.
Here is AllTechNG total guide on top profitable opportunities in our Country Nigeria
Assuming you have glaring doubts about investment, you would have a reevaluate subsequent to perusing this article on top profitable investment opportunities in Nigeria.
We have painstakingly disclosed how to perceive trick investment and featured the top investment opportunities in Nigeria that will cause you to develop more riches.
What Is An Investment?
An investment is the allocation of money to any business or project with the hope of generating income in the future.
The essence of investing is to receive the return of an investment.
Therefore, it is not just enough to invest, investment requires sacrifices such as your time, money, and effort.
Moreover, it is not advisable to dump all your money in one investment, invest your money in different platforms, so that if one fails, you would still have something to fall back on.
However, to invest, you can either do it yourself or solicit the help of a professional to guide you if you are not knowledgeable in that aspect.
Additionally, investment can either be for a long term or short term period depending on the choice and needs of an investor.
Why You Should Invest Your Money?
Continually saving money is not good enough although saving money is a reasonable starting point to investing because you would need enough money to start investing.
Successful people do not tie down their money by dumping it in banks, they grow it through investment.
Moreover, saving money is hard, and most times we tend to dip into our savings till there is nothing left.
If you are still unconvinced about investment, below are the benefits of investment that will clear your doubt
1. Investment Beats Inflation
With the rise of inflation in Nigeria, if you do not invest your money, you will end up losing it over time.
Inflation is the rise in the cost of living. It is also an increase in the quantity of money, leading to the depreciation of existing money.
A good investment enables you to stay ahead of inflation because your money keeps growing.
2. It Increases Your Total Income
Quality investment increases your income and enables you to grow wealth.
Moreover, If you are focused on living a comfortable life, it is advisable to adopt an investment plan that suits you and your goals.
3. Your Money Keeps Growing
When you invest, you keep earning till you die.
The more you invest, the more your money accumulates through compound interest.
Compound interest is simply the process where your interest earns another interest.
For instance, if you invested 200, 000 naira, in one year, your 200,000 earns 20,000 naira interest and you now have 220,000.
The next year, your 220,000 naira earns you 22,000 naira interest, you now have 242, 000 without much struggle and without paying any extra money.
Truthfully Compound interest makes one wealthy, no wonder Albert Einstein posits that compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.
4. Investment Helps You After Your Retirement
When you retire and cannot earn a regular income anymore, your investment would be there to help you stay on track.
You will not retire to be a pauper and a burden on your children, you will be able to take care of yourself.
Moreover, the compound influence of investing will grant you a more comfortable and happier retirement.
Types Of Investment
Investment is in categories, it is advisable to choose the one that fits your financial goals. Moreover, below are the types of investments you can consider.
- Mutual fund
- Exchange-traded fund
- Certificate of deposit
- Index fund
- Hedge fund
- Money market fund
- Cash and cash equivalents
- Corporate bond
- Fixed deposits
How To Confirm Investment Opportunities In Nigeria
We live in a world where swindling is rampant and you need to be very careful not to fall in the wrong hands.
Many people have been made poor because of the scam investment opportunities they engaged in.
In Nigeria, false investment opportunities are alarming, you need to be very careful to use your eyes and sense and also ask questions when necessary.
Moreover, we care about you and your money and that’s why we’ve come up with these tips on how to verify investment opportunities in Nigeria so you wouldn’t fall victim of fake investments.
1. Understanding The Investment Option
It is risky to invest in something you do not understand and cannot explain to somebody how it works.
If you cannot freely talk to someone about how money is made from the investment platform, then you should consider turning back before it is too late.
In Nigeria, many investment options emerge daily without tangible and confirmable earning processes.
Most times these ventures promise higher returns to lure people and defraud them of their hard earned money.
Again, never invest in something you do not understand. Know everything about the venture you want to invest in, know-how they earn and also know if their earning option is sustainable.
2. When It Is Based On Referral
Authentic investment options do not hang on a referral before membership is guaranteed.
If the only way to join is through referral, then you need to retreat and reject their enticing offer.
Investment options that thrive on referral do not have a genuine business they are doing to earn.
They pay investors from the money of other investors and when they cannot continue again, they crash.
3. The Authenticity Of The Investment Platform
A genuine investment platform would have a checkable website, address, registration details, and associate with regulatory bodies such as the Securities and Exchange Commission(SEC).
Any investment platform that presents cock and bull stories to you is not authentic.
Make sure you verify everything listed above before you hand over your hard earn money to fraudsters.
4. High Returns Monthly
Legitimate investment platforms do not pay more than they can offer. They meticulously weigh everything before sending returns.
An illegitimate investment platform would promise you a high return monthly just to entice you and get away with your money.
Be very careful when you want to invest, seek a legitimate platform that will present everything as plain as it is, not the one that will come with unattainable promises to lure you.
Top Profitable Investment Opportunities In Nigeria
Nigeria is the most populous country in Africa with rich natural resources spattered everywhere.
Nigeria has glorious investment opportunities in different sectors because of its thriving and easy business environment.
There are many investment schemes in Nigeria for different people, and so no matter your budget, there is an investment platform for you.
Authentic investment can never go wrong as Nigeria has the manpower and workforce that help businesses to shoot up.
Although there are a lot of scams and Ponzi schemes posing as legitimate investment opportunities, there are also legitimate investment opportunities in Nigeria that will help you grow your money.
Below are the top profitable investment opportunities in Nigeria you can consider.
How to Invest in Agriculture?
Years ago, agriculture was not considered a noble business but with great awakening, many people have ventured into agriculture.
Presently, agriculture is one of the top profitable investment opportunities in Nigeria.
Although there is no investment without risk, the risk involved in agriculture is low because it is stable.
Moreover, the sector is more sustainable as people cannot survive without agricultural products. No matter how bad or fluctuating the economy is, people cannot stop consuming food.
The demand for agriculture is high, agricultural products are not only for human consumption but are also used by industries as raw materials for the production of other things.
However, agriculture as an industry will never become unimportant so you can get into a long-term investment without the fear of losing your money.
2. Real Estate Business
Real estate investment is one of the thriving areas of investment that has contributed immensely to the financial economy of Nigeria.
This area of investment attracts both indigenous and foreign investors. Plenty of people and companies engage in real estate investment in Nigeria’s major cities.
Judging from the population of Nigeria, the real estate business will ever remain relevant in Nigeria.
Moreover, real estate has its own risk, there are always dishonest practices by land grabbers, breach of contract by real estate sellers, sales of government acquired land, and others.
It is advisable for investors to always seek the services of genuine estate solicitors to guide them.
3. Oil And Gas Sector
Nigeria is one of the largest oil producers in Africa, and there are many investment opportunities in the Oil and Gas sector.
The oil and gas sector is one of the most valuable sectors in the country.
Nigeria’s economy and budget have been greatly funded from income and revenues generated from the petroleum industry since 1960.
Nigeria, being the largest oil and gas producer in Africa is a major exporter of Crude oil and petroleum products to the United State of America.
Presently, petroleum and gas are widely used by people, therefore, an investment in that sector is a profitable one.
However, the most ordinary way to invest in oil for the average investor is to buy shares of an oil ETF.
4. How to Invest in Mining Industry?
Nigeria’s mining industry is underdeveloped, leading to Nigeria having to import minerals that could be manufactured domestically.
Before now, Nigeria was a major producer of tin, columbite, and coal before the discovery of oil in 1956 weakened the mineral extraction industries, as government and industry began to focus on oil.
The mining sector in Nigeria is way underexplored, therefore, an investment in mineral resources can be very lucrative for an enthusiastic investor.
However, this untapped sector in Nigeria has captured the interest of Aurelia Mining Limited, a mining company based in the United Kingdom (UK), which wants to invest 100 million U.S. dollars in gold mining in Nigeria.
How to Invest in FGN Bond?
FGN Bond is one Of the top investment opportunities in Nigeria.
A bond is an agreement of debt with which an investor loans money to a borrower, usually Government or Corporate organization, and at an agreed date receives it back with interest
When you subscribe to FGN bond, you are lending to FGN for a period of time and you will be paid interest.
The federal government of Nigeria bond is a risk-free investment and it provides relatively high and stable returns when compared to the conventional bank deposit.
FGN savings bond is often issued by the Debt Management Office (DMO) on behalf of the Federal Government of Nigeria
How to Invest in Stock?
stock is one of the top profitable investment opportunities in Nigeria with high risk.
You earn more as an investor when you accumulate your stocks for a long time, so you can invest in a stock if you have the money you are not making use of immediately.
How to Invest through Fixed Deposit?
Fixed deposit is one of the safest kinds of investments.
A fixed deposit is a financial method provided by banks that grant investors a higher rate of interest than a regular savings account.
You can walk into any bank of your choice, deposit a specific amount of money for a fixed period at an agreed interest rate.
At the end of the agreed period, the investment can either be re-Invested or returned to you with the interest amount earned.
How to Invest in Technology?
Investing in technology is the best practice in this age because technology dominates everything that we do.
This sector is a fast-growing one and it includes sub-sectors such as telecommunications, consumer electronics, industrial electronic equipment, computers, semiconductors, hardware, software, and information technology (IT) services.
Investment in technology comes with a high risk but it promises a very high return rate.
You can invest in tech companies or create one yourself if you have the capacity.
Technology companies investors can think of investing in Amazon, Microsoft Intel, Apple, Cisco Systems, Netflix, Facebook, etc.
How to Invest through Franchise?
Investing in franchises is another way of making money. Many people in Nigeria have improved their life and become wealthy through investing in franchises.
Franchise has outstanding success rates with less chance of failure. It provides a quick and easy way to become a business owner.
Franchising is the fastest way to launch a start-up and have many customers.
Moreover, one of the greatest benefits of buying a franchise is that you will spend less time and money growing your business.
How to Invest in Cryptocurrency?
Cryptocurrency use is on the rise in Nigeria. The use of cryptocurrency in Nigeria is fast lifting people out of poverty. However, with platforms like Binance, investing in cryptocurrency from Nigeria is effortless.
How to Invest Through Investment Apps?
There are investment apps that help you invest your money no matter how little you have.
These apps help you grow your money without stress. All you have to do is install the app, register, deposit money, and get paid with interest when due. All you need to get started is just your smartphone. Investment apps you can make use of are Cowrywise, Piggyvest, etc.