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Investment is a very rewarding venture and the amazing thing about it is that you don’t need to have millions of naira before you can start investing in Nigeria. There are a million and one legit investment opportunities capable of making your money grow in Nigeria. 
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While thinking of investment, you also need to know that there are Ponzi schemes posing as good investment opportunities as well. You need to bear in mind that earning from investments doesn’t happen overnight as it appears in Ponzi schemes and scams. Investments take time to mature therefore if you must invest right, you have to be logical and put away greed.  Bear in mind that no man simply wakes up and starts investing without first saving. If you’re interested in building wealth, then you need to cultivate the habit of putting money aside every month and cutting down on unnecessary expenses. To invest, you also have to bear in mind the risks which might be associated with the business but in risk, lies profit. All you need to do is take calculated risks. Whether rich, poor, or middle class, the competitive market of Nigeria is open for everyone to invest and become successful.  Here are smart business opportunities you can invest in:
  • Real Estate Investment: This is a very fertile ground for investment in Nigeria. In the real estate business venture, you can earn through wealth generation, equity building, appreciation, renting, etc. However, to earn more from real estate, it is ideal for you to own a house, a building, or property.
  • Online Business Investment: Online is the new normal and real entrepreneurs know and understand that there are a lot of opportunities to explore online. Investing in online businesses is one of the best ways to make money monthly and requires little start-up capital. Some of such lucrative online ventures are blogging, selling on eBay, affiliate marketing, etc.
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  • Stock Investment: There is a popular misconception that only the high and mighty play the tune of stock market investment. Well, that’s a mediocre mentality because even with as little as N5000, you can buy a company’s stock. You can earn money in stock investment through capital appreciation (which comes with an increase in the price of the stock), cash dividend (profit distributed to shareholders), and bonus issues (extra shares assigned to shareholders for free).
  • Online Investment Apps: With the growth in financial technology (FinTech), there is a rapid introduction of numerous savings and investments apps through which individuals can invest money with ease. Some of these apps are:
  1. I-Invest: This is an online application that helps people to invest in money market instruments like the Treasury Bill and bank deposits with a little amount of money and yields up to a 20 percent interest rate per annum.
  2. Piggy Bank: With this application, you can automate your savings with chances of earning high returns. You can also lock your money over a period using the safe lock feature. Through this app, you can earn as high as a 13 percent interest rate per annum.
  3. Payday Investor app: This is the first investment app in Nigeria focused on mutual funds and is powered by ARM. This app makes it easy for you to invest in mutual funds with earnings as high as 20 percent interest rate per annum.
  4. Cryptocurrency Investment: This is one of the most radical investment opportunities of all time. The cryptocurrency business can be very risky as a result of the volatile nature of the currencies. There are many unknowns when it comes to cryptocurrency, but a lot of people are making money by trading with these currencies. You just need to be smart and wise. You make money with crypto by buying when the price is low and selling when it is high. Furthermore, you can invest in Bitcoin, Ethereum, Doge in Nigeria with Binance and Bundle.
These and many more are legitimate investment opportunities in Nigeria, but it is highly advisable to conduct adequate research before launching into any, so you can understand the risks involved and how to mitigate them for profit.  Featured Image Source: TechMoran
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This article was first published on 21st February 2022

chidiogo-akaelu

Chidiogo Shalom Akaelu holds a degree in English and Literary Studies, from the University of Nigeria. She is a freelance writer, editor and founder of Loana Press, a budding online publishing outlet.

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