This year 2019 is the year of securing the bag at home and abroad. However, when there are different investment opportunities in Nigeria you can consider from, this article channels through 10 investment opportunities one can yield money from.
Investing your money in Nigeria can come with its risks and benefits, it is, therefore, wise to weigh your chances of making it right. Nigeria is a blessed country with a mass population, innumerable resources, and sufficient manpower. She keeps on attracting multinationals from all over the world to invest in the various resources available in the land.
Here are some of them:
- Treasury Bills
This tops the list as one of the best investment options in Nigeria that have very little or no risk. They are short-term investment opportunities issued by the federal government of Nigeria via the Central bank to control the money supply and provide a sort of short-term funding for the government.
The CBN auctions Treasury Bills bi-weekly in tenors ranging from 91 – 364 days. A secondary market also exists for this secured investment in the money market. The money market comprises of banks and other financial institutions dealing in short-term instruments.
With the ever-growing population and the shortage of food supply in Nigeria, the food industry is a great way to invest in the Giant of Africa. Agriculture is the next ‘oil’ that one can tap into to climb the wealth ladder. There are various subdivisions of farming one can look into food production, livestock production, fish farming.
However, research must be carried out in order to know the amount needed, the target market, and the availability of resources.
- Real Estate
Real estate is never out of fashion as many people buy properties now and then. It yields a high profit as the land appreciates year after year. However, one should consider the choice areas to buy from that would give investors quick and high returns on investment. Cities such as Lagos, Abuja, Port Harcourt, Delta, Enugu, Ogun, and Onitsha should be considered.
- Uber/Bolt Business
Have you ever thought how life was without Uber or Taxify (now called Bolt)? Life has become easier with the comfort and timeliness of this riding industry. It has grown to be one of the best investment opportunities in major cities in Nigeria. If you have more than 1 car, you can register with either of the companies and hire a driver to be delivering your profit at the end of every week. Visit any Uber or Taxify office around you to find out more.
Stocks are not unfamiliar to Nigerians but it still remains one of the best investment opportunities in Nigeria. The Nigerian Stock Market has been growing steadily since the 2008 crash. Different stocks have returned as much as 60% so it is a risk worth taking.
Also, an investor should not speculate or guess. One should investigate the market before making a decision to invest. You have to stay up to date with the various developments that might occur.