As you must already know, investment is the key to financial prosperity. In addition, it is also a significant source of passive income. However, because of the enormous number of investment opportunities in Nigeria, knowing where to invest your money can be a bit dicey. Not only this, taking some other conditions such as profitability and security into consideration, it is very important to be sure of where to invest in. If you are thinking of where to invest your money and don’t know which business to choose, this article provides you with a list of businesses you can invest in.
List of where to invest money in Nigeria
- Cryptocurrency Trading
- Treasury Bills
- Real Estate
- Money Market fund
- Stocks
- Agriculture
- Fixed Deposit
- Transportation services
Cryptocurrency Trading:
Cryptocurrency exchange, which we also know as Digital Currency Exchange, involves the trading of digital currencies. This business is one of the riskiest businesses to invest in, but, considering the fact that it offers you a good opportunity to earn high percentage gains, we believe it’s worth the try.
You can invest in digital currencies such as Bitcoin, Altcoin, XRP, Ethereum, etc. However, it is important that you seek the guidance of an expert to get proper knowledge before investing.
Treasury Bills
T-Bills, as people fondly call them, is a short-term bond issued by the Federal Government through the Central Bank of Nigeria. The main aim of the Treasury bill is to meet the needs of the Federal Government over a period of time. You can purchase this instrument from a bank or any accredited retailer. It is a secure investment majorly because it involves the Federal Government and CBN.
Real Estate
Investing in the Real Estate Business requires large capital, but considering the mouth-watering ROI, it is a good investment opportunity to consider. In fact, irrespective of the economic downturn, this sector is still booming.
Money Market Fund:
MMF as most people love to call it is an open-ended fund that can provide you with a steady stream of income if you invest in quality Money market Instruments. This includes Certificates of deposits, commercial papers, bankers’ acceptances, and collateralized repurchase agreements.
Stocks:
If you have the financial capabilities, investing in stocks is a very lucrative business. Although it is a perilous investment opportunity, you can be sure of a good Return on Investment if all things go as planned. Therefore, we advise that you engage with an experienced broker to help you with the buying and selling of shares.
Agriculture:
Up to date, Nigeria still struggles with feeding its population. The Nation spends Billions of Dollars on the importation of food yearly. Asides from this, the Agricultural business has been around for a very long time, and it has always been lucrative, if well planned and executed. You can decide to major in crops, livestock, transportation, and many more depending on your interest.
Fixed Deposit:
This is also a good place to invest your money if you have a large sum of won’t be using any time soon. In fact, some banks offer up to 15% annual interest on fixed deposits. You can fix the fund in a bank or other trusted financial institution. The rule is of this investment is the longer your money stays, the bigger it becomes.
Transportation Services
The transportation business is a very lucrative business in Nigeria, most especially in densely populated regions such as Lagos, Port-Harcourt, and Ibadan. An investment in this business will see you making a tremendous profit in no time. In addition to this, you can also add haulage service to help people transport their items.
Conclusion:
The pathway to financial freedom is through investment. However, on this pathway, there are several pitfalls you have to be careful of. As an investor, it is important that you verify that investment is legit and secure before venturing into it. All the investment opportunities in this article are secure, and they are a great way to make good returns.