Caught in between the web of ascertaining where to invest your money? The time to invest is now. With a variety of investment opportunities in Nigeria, you are just one step from growing more wealth. What are some investment opportunities to look out for in Nigeria? Check them out below:
List of Investment Opportunities in Nigeria
1. Bank Investments
It is almost impossible to discuss investment opportunities in Nigeria without making reference to bank wavings. Potentially, each bank has a savings or investment platform open to her customers to encourage reliability. If you are looking to grow wealth, you might consider bank investments. Some of these banks offer between 10 and 15% annual interest.
2. Cryptocurrency and Blockchain Investments
Cryptocurrency is acknowledged as one of the biggest and riskiest investment opportunities in Nigeria. Beyond Nigeria, cryptocurrency is driving the financial technology and digital transaction space.
Buying cryptocurrencies such as Bitcoin, Litecoin, and the rest is a rewarding investment opportunity to consider all you have extra cash.
If you already know how cryptocurrency works, that’s remarkable. If you do not, however, it is recommended you consult a professional.
3. Real Estate Investments
Investing in Real Estate in Nigeria has proven to be one of the best investment ideas in Nigeria over time. To successfully sail through this, however, you must possess high capital.
Several Nigerians face accommodation issues. Tapping into this pain point provides an array of options available in real estate. You could consider leasing out for commercial purposes like conferences, seminars, and public functions. Investing in real estate, especially in commercial parts of the country, attracts high returns.
4. Agriculture and Livestock Investments
The agriculture industry is integral to the growth and development of the Nigerian economy. In a bid to diversify, the government is making conscious efforts at resuscitating the industry – hence, the attraction for investors.
If you are not interested in direct farming, you can invest in a company that makes its profit on livestock farming.
5. Bonds and Stocks Investments
Investment in bonds provides a different perspective from private and commercial operations. The Federal Government is responsible for introducing investment opportunities to Nigerians. For FGN Bonds, the interest rate is usually as juicy as 13% – which makes it a relatively better option against private investments. You can check out our post on the types of bonds in Nigeria.
Definitely, there is a myriad of investment opportunities in Nigeria to explore. Some of these include the Oil and Gas sector, Transportation, Logistics, and the likes.
Just before you make the big move, the location could prove a defining factor for some investments. Like agriculture and real estate, for instance, this may prove a bone of contention.
In all, ensure that you weigh your investment options before making resolutions.