{"id":1065,"date":"2019-06-13T22:33:03","date_gmt":"2019-06-13T22:33:03","guid":{"rendered":"https:\/\/kobotalk.com\/?p=1065"},"modified":"2019-10-07T22:12:57","modified_gmt":"2019-10-07T22:12:57","slug":"the-many-sure-ways-to-make-money-in-nigeria","status":"publish","type":"post","link":"https:\/\/kobotalk.com\/BLOG\/the-many-sure-ways-to-make-money-in-nigeria\/","title":{"rendered":"The Many Sure Ways to Make Money In Nigeria"},"content":{"rendered":"Reading Time: <\/span> 4<\/span> minutes<\/span><\/span>
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Anybody can make money in Nigeria!<\/p>\n

How? You may ask, with the scary statistics that we read in the press every day.<\/p>\n

Nigeria today has more people living in extreme poverty than any other place in the world.\u00a0 World Poverty Clock<\/a> reports that the number of extremely poor people in the country is increasing by six every minute.\u00a0 By the year 2030 it estimates that about 120 million of the population or 45 percent may be surviving on less than $2 a day.<\/p>\n

So how can one make money in a country with such a gloomy record?<\/p>\n

Answer: The country is a land full of opportunities.\u00a0<\/p>\n

Nigeria is a home to over 200 million people and obviously Africa’s largest market for consumer goods.\u00a0 She is also endowed with abundant natural resources.\u00a0 No wonder the country is one of the most preferred destination for foreign direct and portfolio investments.<\/p>\n

These configurations make it possible for any smart and serious individual to live and make money in Nigeria. So if you are one of those who is wondering how to make money in this country in spite of the negative stories or happenings around you, this post will show how.\u00a0\u00a0<\/p>\n

Let’s dive in<\/p>\n

How to Make Money In Nigeria<\/strong><\/span><\/h2>\n

#1.Start A Small Business<\/strong>\u00a0 \u00a0<\/h2>\n

The number of small businesses anyone can do to make money in Nigeria is uncountable. Some of these businesses can be started with little or no capital and so many more require little or no skill at all.<\/p>\n

And the interesting thing is that these businesses are not discriminatory.\u00a0 Whether you are a student, a teenager, a retiree or even a full time employee seeking a side hustle, there is a business idea that you can engage in to make money.<\/p>\n

Sell something! People are always needing things. Provide a service, there is a always a gap that need filling. Just look around your neighborhood or community, you must see that there is a product or service that people need.\u00a0 Sell it or provide the service.<\/p>\n

Check out this list of 20 small businesses<\/a> you can start in Nigeria with little or no capital.\u00a0 it is amazing how simple these things can be.<\/p>\n

#2.\u00a0Start Investing<\/strong>\u00a0<\/h2>\n

I read somewhere that Nigerians do not invest and that few save. Unfortunately, a review of trades at the Nigerian Stock Exchange will show that foreign portfolio flows make up sixty percent of monthly transactions. This simply explains why the market goes down whenever foreign investors withdraw or re-balance their portfolios.<\/p>\n

Some of the reasons that we often give for not saving or investing is that we do not earn enough.\u00a0 Thus, so many people believe that only the very rich people can invest in the financial markets. On the contrary anyone can invest. There are many investment options that anyone can buy with small amount of money.<\/p>\n

For a starter, you can buy the FGN Savings Bond for as small as N5,000. There are also mutual funds that an ordinary Nigerian can invest in with small amount of money.\u00a0 One can also start investing in stocks gradually with a very minimal amount. These are some of the smart ways you can start investing with small amount of money<\/a> and make money in Nigeria.\u00a0<\/p>\n

#3.\u00a0Make Money Online<\/strong>\u00a0<\/h2>\n

The internet is providing great opportunities for people to make money either passively or actively.\u00a0 What is driving the growing interest in online business is the ease with which it can be started. Unlike a brick and mortar business, an internet or online business does not require much capital and can be run from any location around the world.<\/p>\n

The steps to take in doing internet business are simple:<\/p>\n