Best Platform to Invest money in Nigeria and How to go about it
We all know that Investing money is a great source of making passive income.
There are many investment opportunities in Nigeria, and today, we are going to discuss the Best Platform to invest money in Nigeria.
If you are thinking about investing in a profitable business in Nigeria but don’t know which business to choose to earn extra money, here is a list of the most lucrative investment platforms in Nigeria.
Best Platform to invest money in Nigeria
How and where to invest money in Nigeria with little capital
We will start with the investment opportunities/platforms for those who have small capital but still want to invest to get income.
- Investing in FGN Savings Bonds
FGN savings bond is a bond issued by the Debt Management Office (DMO) on behalf of the
Federal Government of Nigeria. The bond is tailored and targeted at retail investors with
guaranteed quarterly interest payment and repayment of the principal at maturity
What are the features of the FGN Savings Bonds?
The FGN Savings Bond will be issued monthly, in tenors of 2 and 3 years, with quarterly payments of coupon/interest investors.
The Bonds will be offered to the investing public through an Offer for Subscription at
an interest/coupon rate to be announced by the DMO, at the opening of each offering.
Each Offer for subscription will be open for 5 days from the date of the announcement.
The minimum subscription amount is N5,000.00 with additions in multiples of N1,000.00, subject to a maximum of N50,000,000.00. The Bond is backed by the full faith and
credit of the Federal Government of
Nigeria.
The FGN (the Federal Government of Nigeria) offers to Nigerians a great investment opportunity called Savings Bonds.
This investment program is known to significantly contribute to the national growth of the country.
By lending money to the government, average Nigerians are able to make money by earning interest on savings.
When investing in to the Federal Government of Nigeria Savings Bonds, you are allowed to invest N5,000 to N50,000,000 for 2 to 20 years.
Note that the interest rate depends on the timeframe you choose and it is paid twice a year. The FGN savings bonds interest can reach up to 13% which is even more than the interest in a Nigerian commercial bank.
In addition, this investment is tax-free, and the money you save can be used as collateral if you need to get a loan from another commercial bank.
Another reason why you should invest your savings into this Savings Bond is that it is a very reliable, safe, and worthy opportunity as the Nigerian government is not planning to collapse, at least, in the nearest future
2. Save and invest with a bank
Every bank gives a possibility to create a savings account that allows you to save and spend less.
This is quite an attractive way to invest your money under the condition that your bank is reliable.
Most African banks help entrepreneurs, employees, students, and others to save money paying them 10-15% annual interest.
To start making money on savings from the bank you chose, create your account at your bank’s website, enter your bank details, and add a bank card.
You will start earning the very same moment you create an account, and the whole process takes place online. So, you don’t have to make a visit to the bank
Where to invest your money in Nigeria to make a fortune?
The following ideas listed below can help you to make a real fortune if you invest wisely.
However, I will advise you to study the field of investment thoroughly before you decide to invest your money.
Here are some ideas that are considered high yield investment in Nigeria
- Cryptocurrency
Invest in Cryptocurrency
Cryptocurrency is one of the biggest investment opportunities in Nigeria and around the globe.
Investing in Cryptocurrency has a lot of advantage, one of the good things about cryptocurrency is that you can make quick money if you know how the system works. Buying cryptocurrencies like Bitcoin, Ethereum, Litecoin, Altcoin, XRP, and others is a high yield investment opportunity to use if you have already got some extra cash.
Note: Investing in cryptocurrency is very risky as much as it is profitable hence Make sure you contact a professional who can give you a hand with getting proper knowledge of blockchain and cryptocurrencies.
Have you been looking to diversify your investments or you are in search of a low-risk investment in Nigeria, investment in Gold is a good option. This article reveals all you need to know about, gold and how to invest in it in Nigeria.
Reasons Why You Should Invest In Gold
Gold like many other commodities is highly sorted after and valuable. The absolute value of Gold does not change. A 24-carat gold will always be a 24-carat gold irrespective of the number of years it has been in existence.
The cost of gold appreciates steadily with time.
It has been a valuable mineral (valuable stone) for over 5,000 years and is used in making jewelry, gadgets, it is used in the production of some office and home appliances and as a raw material in several production industries.
In Gold investment, you can make money by buying and selling. You can make money by buying shares from gold mining companies, holding them, and reselling after some time.
Gold is perceived as a symbol of power and affluence. Some say that investing in gold is the best investment in Nigeria.
Investing in this precious metal can help you to make a lot of money as gold’s value never falls because of the incredible importance attached to it.
15 karat gold will still always be 15 karat gold, but its worth will definitely increase over that period.
There are a few types of gold items to invest in including gold jewelry, bars, coins, bullions, gold-plated items. If you store them for some period of time, for example, 10 years, you’ll be amazed at the return on your investment.
3. Stocks
As we all know, Stocks are one of the best investments in Nigeria for those who are able to invest big capital.
However, both individuals and companies can easily lose their money if the deal doesn’t go well. Many people lost money in the 2008 New York Stock Exchange crash.
In the decade after this collapse, we can see a total recovery of the stock market. “Stocks in emerging markets have had a rough year
but that could change considerably next year”, Morgan Stanley, the US financial holding company, reported in its Global Strategy Outlook report for 2019.
When you buy shares, you need to make sure you do everything right. To cash out big in stock investments, you need to develop your own winning system, conduct research before investing in stocks, and choose a quality stock.
The thing is investing in stocks can help you get an incredibly high return which also comes in dividends and bonuses. Investments in the stock market for individuals start at 200,000 Naira and for companies at 1 million Naira. One more reason to invest in stocks is that stocks are very liquid and come extremely handy in times of emergency.
4. Real estate
Real Estate in Nigeria, like in many parts of the world is an ever-increasing-in-value investment that must not be slept on! Many people are oblivious to this. A few know about this basic fact and have been enjoying its rich and profitable stream.
Today, many people are very skeptical about venturing into real estate investment due to a number of factors. However, Expert Properties expressly states that “real estate has many advantages over investing in stocks, bonds or mutual funds.”
According to Reuters, “a successful real estate investment can earn returns as high as 30-35 percent, while rental income yields in cities such as Lagos and Abuja can easily reach 10 percent, developers and estate agents say.
When investing in real estate, take into account which city or town the property you are going to buy is located.
If you want to get a quick and high return on the property investment, you may consider major cities like Lagos, Abuja, Port Harcourt, or cities like Delta, Onitsha, Ogun, Enugu. After you buy the land, wait for a while, and start selling it.
You can also build on this piece of land such kinds of properties like hotels, apartment houses, hostels, shopping malls, events and conference halls, and others. Rather than saving money on the bank account, invest them in real estate business. Many people in Nigeria face accommodation problems. They cannot purchase a house because there is none within the preferred location. These statistics show that there is an immediate need for residential and commercial buildings in Nigeria, especially, in large cities.
5. Agriculture
Investing in Agriculture can seem like a good strategic move. After all, whether the overall economy’s in a recession or booming, people still have to eat.
Because of this, many investors regard agriculture and farming investments as being recession-proof. Further, as the world’s population increases, farming will play an increasingly important role in sustaining global societies.
You may be surprised but agriculture in Nigeria is one of the sectors that gave birth to the whole set of millionaires. Given the fact that the government continues to drive agriculture in order to diversify the economy, it is an attractive area for investors. Besides, most people on the African continent lives in rural areas, so African countries will keep a finger on the pulse of the agricultural sector.
If you are looking for an investment with monthly returns in Nigeria, then Agriculture is what you should be looking at.
6. Livestock farming
Investing in livestock means buying cattle and other farm animals to earn a return on one’s money after the animals are sold. With demand for livestock meat expected to continue increasing alongside the international population, livestock can provide excellent investment opportunities.
Another top business idea on how to invest in Nigeria is farming as food is a necessary means of survival. This industry is supported by the Nigerian government as a way of promoting economic diversification. If you are not interested in direct farming, you can cooperate with a company that makes its profit on farming. Remember to do an investigation of the organization you are planning to invest in to avoid being shortchanged or scammed.
7. Pure water production
Pure water business is in vogue in Nigeria. With the increasing population, the government’s inability to provide clean and affordable drinking water, and potentially, the fear in the public minds concerning the sugar content in soft drinks makes pure water the only available commodity to quench thirst.
8. Oil and gas business
Africa is blessed with huge deposits of gas and oil which means that Nigerians offer the finest business opportunities. While foreigners are mostly investing money in mining such mineral resources as Oil, Gas, Gold, Coal, Limestone, Bitumen, Iron Ore, and other, Nigerian investors are encouraged to start businesses and make investments into the national economy.
9. Haulage services/logistics
The haulage or trucking business is one of the most profitable businesses in Nigeria. Given the fact that the cost of renting one truck to haul your goods from one place to another in Nigeria starts at N20,000 per trip.
In addition, Africa’s rail transport system is quite poor so far, so to deliver the goods from farms and villages to the marketplace, you will need to transport them through the road. However, logistics in Nigeria is not limited solely to the trucking business. You can also haul your containers through the river, lake, sea, etc.
Inland waterway transport is another competing sector of the Nigerian logistics industry. Water transportation is not as developed in Nigeria as in Italy, Thailand but it is still worth investing. While it is more cost-consuming, it is able to reduce the traffic congestion on the road.
