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5 BEST INVESTMENTS TO MAKE IN NIGERIA

October 22, 2022by Michael Ezeadichie0
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5 BEST INVESTMENTS TO MAKE IN NIGERIA

 

At the moment, people say that living and surviving in Nigeria should be added to resumes as it isn’t easy. The present society makes it hard for people to survive, and many people are dependent on prayers.

While we are not here to criticize or evaluate the nation’s state, we recognize many people’s plight. We also understand that some people may have the money but are unaware of the best investment decisions to make in Nigeria.

Yes, many people know and understand that it is good to make investments. However, they fall prey to some of these silly scams and lose their money. So, many people are curious to know the best investments to make in Nigeria.

We’ve heard people complain that the present society makes it hard for people to strive. However, we can still see some people balling. Who are these people, and what do they do?

5 BEST INVESTMENTS TO MAKE IN NIGERIA

If you’ve been curious about the best investments to make in Nigeria, read through as we highlight some of your best options. All you need is the money, and you are good to go.

In no particular order, some of the best investments to make in Nigeria include:

 

  • Agriculture

 

From time immemorial, agriculture has been one of the strongholds in Nigeria, and it is one of the best investment decisions to make in Nigeria. This is because people would always eat irrespective of the country’s situation. Therefore, you can make a profit when investing in any crop.

Yes, some issues may arise with investing in agriculture. For example, you invest in agriculture, and flooding affects the farmland. Of course, you would run at a loss at that moment as most of the product would die. Therefore, it is why you must carry out due diligence on your choice of farming area.

In addition, you need to be sure of the farmers you are entrusting with your money. It would be best to conduct your research and pick the best people so that you do not do business with dubious people who would run away with your money.

Also, you need to know the various crops that would work for each season. This way, you will get your profit and not invest in crops that would eventually go to waste.

The idea is to get returns on your investment, and you are sure to get it with agriculture if you do it right.

 

  • Real estate

 

You must have heard people say that lands never depreciate. Instead, it appreciates. A land may go for one million naira today, and it would go for three million naira in the next six months. Therefore, investing in real estate is one of the best investments in Nigeria.

The idea of investing in real estate is to have secured properties. This way, you wouldn’t use all your money to keep financing house rent anymore. Now, you know that you’ve eliminated one of the channels that may be taking your money.

Asides from that, you can also buy properties to resell. For example, let’s say you are investing 30 million naira to buy a house. If you’re to sell that house next year, you can sell it for 100 million naira.

We can see the gears turning in your head as you’re already doing the calculations. Yes, you can see that investing in real estate is profitable, and it is also safe. So, if you have the money, buy many properties, sell, buy more, and keep reselling.

As with any other business, you must be innovative and ensure that you are dealing with the right people. For example, you do not want a situation where you do not have the complete papers for the property.

 

  • Saving in dollars

Let’s not even pretend that naira has any value compared to other world currencies. People have been saying that those enjoying in Nigeria are those who earn in foreign currencies. But, of course, these people would enjoy it as the exchange rate keeps increasing. For example, today, 1 dollar may be the equivalent of 650 naira; tomorrow, it increases to 710 naira.

So, we are not out of place to say that saving in dollars is one of the top investments in Nigeria. Typically, people would say that you should invest in something that keeps your money working for you, which is one of the ideal situations. So, saving in dollars is a way to keep your money working for you.

If you’re wondering how to save in dollars, you can do that by using Leatherback. Leatherback allows you to open accounts in multiple currencies. If you are looking for the easiest way to carry out international transactions, Leatherback is there for you.

The idea of saving in dollars is an investment decision that can happen from the comfort of your home. So what are you waiting for?

As you read this, you should already set up your Leatherback account.

 

  • Education

 

Although it may not seem like it initially, education is also one of the best investment decisions in Nigeria.

A typical Nigerian parent nowadays wishes to send their child to a private university within the country. It is because federal universities have to deal with strikes that lengthen the duration of a student’s stay in school.

If you check the private universities in Nigeria, you will see that the fees are expensive. So, it is a great investment decision. But, we are not saying you should invest in education and make it costly for the everyday person.

However, you can build on a strategy or idea that allows you to develop an education system that is more affordable than what’s already existing but has high standards. When you do this, you will see that many people would gravitate toward your school.

You would need to have lots of money to invest in education. However, it is one of the sure investments in Nigeria, and you would eventually get the value for your money. It is also best to remember that making investments is not a get-rich-quick scheme. Instead, it should be a long-term strategy.

  • Entertainment

With the stress that everyone is going through, there is undoubtedly a need for entertainment in any form in present society. From observation, the entertainment industry is booming. Therefore, one should consider making investments in this industry.

Now, we cannot pick the niche of entertainment for you. It is a decision you have to make based on your preference. However, you can be sure that it would bring in high returns on investment.

Are you looking to sponsor a comedy show? Of course, people would pay to attend this event. Do you want to support an entertainment show like Big Brother Naija? We do not need to say much about this, as you can see brands scrambling to be sponsors yearly. If it weren’t profitable, these brands wouldn’t keep going back.

It can also be a wise decision if you see potential in an artist and decide to invest in that person. As a result, we see people having record labels and more.

Again, this is not a get-rich-quick scheme. Instead, you are mapping long-term plans for something that has the potential to boom.

The entertainment sector in Nigeria is one of the fastest growing in the present society. Thus, investing in it would be one of the best investment decisions to make in Nigeria.

There is no need to have your money in vain in your naira account. Instead, you keep getting debit alerts for one charge or the other. Instead, make your money work for you by making wise investment decisions.

If you have been confused about the best investment decisions to make in Nigeria, we’ve given you a list of the five best investments in Nigeria. So pick from it and make a move!

 


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