What's up people ?

I just graduated Uni in the UK ,I originally intended to come back home in a couple years but at 23, my parents are pushing for me to come and do NYSC.

I have been pretty independent for the last six years and I am loathe to come back home and go back to asking my parents for money as I know that I would not get a job immediately because
a) I have to do NYSC for one year
b) I would have to go to Law school after NYSC for two years ( I am a law grad)

I presently work in an insurance company and I have savings that are just short of 3,000 pounds. I am certain that I could increase that to 10,000 pounds when I am ready to come back, but my question is, what do I do with the money ?

For the last 6 years, I have always been in employment and I have been used to a steady income, I don't want to sve all this money just to spend it back home.

Does anyone know of any viable business opportunity or investment that I could put that money into.

And I no be maga, 419ers don't bother replying. My eyes shine well well.

I just need to know exactly what I would be doing and if Nigeria is actually a place I can invest my funds.

Peace

Michael

Wow, sorry man, you aren't being very enlightening.
The point of my entire post was to intimate that I was interested in investing in Nigeria and I was looking for advice as to what to invest in.
You then write a very oblique post that doesn't give any sort of information but promotes whatever business you are running.
You would have been more helpful if you had suggested what sort of investment would be worthwhile as opposed to letting me know that the source of wealth creation is investment.
Well if I didn't know that I would be asking the question in the first place.
Suffice to say, your entire post is irrelevant, and you didn't write that post with an intention to help me but to promote yourself.

Well look at the good side
If you come home and go for nysc,you would be working and getting paid,little as that may seem.
That presents an advantage,you can possibily start a business with that funds at where ever nysc posts you.
Ok,about investments i did say if you had 10k pounds best bet would be a fixed deposit for de duration of your service year 12months,find a bank that will give u between 10 and 14% per 3months.
Give the bank the money and complete your nyse by which time you will have gain some more money ontop of your initial investment.
Or you could find an importable product that can fly well in nigeria and bring them in as you come back,say laptops or phones.
If your interested in the business part,hit me on cjpumping2020 on yahoo so we can chat later.

Brianromel, thanks Jare. I have been so out of tune with Naija, I can't possibly see what kind of buisness I can start, but that phone and laptop buisness sounds good.
I get my laptop on 12 months credit here.

I am on a buy now pay later plan and I bought a Sony Viao, for about a 1,000 pounds that I pay off in bits, I can also get phones like that.

If I spent a good portion on my savings buying laptop and phones do you think there is a viable market for it back home ?

mikeydre:

Brianromel, thanks Jare. I have been so out of tune with Naija, I can't possibly see what kind of buisness I can start, but that phone and laptop buisness sounds good.
I get my laptop on 12 months credit here.

I am on a buy now pay later plan and I bought a Sony Viao, for about a 1,000 pounds that I pay off in bits, I can also get phones like that.

If I spent a good portion on my savings buying laptop and phones do you think there is a viable market for it back home ?

I would not advice this to a fullest because a lot of fraudulent laptops and phones comes in the market making the price of the items very cheap.You could run at a loss trying this but if you have good business idea on how to go about it,then its okay

Naijacutee, I have a great payment plan that is interest free for an entire year, but buying high end electronics to sell in Naija is properly not a good idea. But abeg which plans can you guys advise ?

To tell you the truth - 10,000 pounds is small change in Nigeria - that is 2.2 million Naira or so, boy, where do you want to start? You need a house, a ride, an office, and all these dont come cheap, unless you already have the above - i.e. a flat to live, an office to use and a car to ride, but without the above 2.2million is a small dough in Nigeria.

I am sure there are still one thousand and one things to do with that kind of money, share buying is no more prosperous, i beleive small buying and selling will increase that capital rapdly, but it al depends on what you train as, did u train as a technician or something where you make small repairs? the choices can be long realy.

I laugh, I would still live with my parents in Nigeria, and at 23 owning a home isn't the most important thing to me now.

I am looking for what or how to invest my savings while I do my NYSC, I am sure there are options for 2.2 mill, even if it means putting it in a fixed deposit account for two years.

Hello Mike,

Its a nice thing you understand the importance of putting your money where it works
and allowing your money to work for you. However theres this investment firm here in
Nigeria lagos to be precise and they got branches all over the places, I have dealt with them before and my dear i must say am impressed with them they are called Aims investment management, They can help you in planning your money and giving you good
returns like they did mine and am glad i did with them.
I can give you more informations about them just send me an email feelkc.daniel@gmail.com

When i said buy laptops,i meant buy them outright.
My cousin got his tosiba sat pro for £240,your £1k is arm robbery for a sony viao.
The kind of laptops you should be looking for are those sold online and are on sales.
Also try looking for a chinese or japanese contact to get the laptops cos they are far more cheaper there but they don't come with guarantees or warrantees.
Same applies for the phones.
Buy brand names.
Now as for whether there is a market for that,the answer is yes.
Currently computer villa is experiencing lack of patronage for laptops as sellers can sit for a week at most wit no sale.
If you can build a list of interested buyer and present your prices to them,you will get sales.
This is what my firm handles for some of our partners in computer villa,we get clients for their products,they deliver to the clients,we pay them.
I won't go into the process.Cos it took us time to get it right.
My advise if you decide to dabble into it is,build a list of client who are interested in your price.
Which if you are getting the laptops are £210 upwards will give u at most 15k gain after import,tax and sale.

Go to Law school first. Save your money and after NYSC, You will be well schooled about the Naija Environment.

As a foreign law grad, you will be required to spend approximatly 18 months in law school before you graduate and the new rule i think is that you can only be admitted to do your NYSC in naija as a law graduate through the permission of the law school (Maybe it has changed)

So face your law ambitions and save your money and by the time your done, your £10,000 ought to have increased to an extent and you will know what you intend to invest in.

Dont be in a rush! Law School and Business are a very very bad mix!

i just sent you a mail

The money you have is very small to completely set up shop in Nigeria.

It is better for you to use your foreign knowledge and general understanding of how a good economy works to set something here. What I mean is, start something new and innovative, and not necessarily another second hand car dealer or internet cafe.

Develop your skills before comming. There is a company in VI giving away FREE business tool kits. There is an article about them here

http://www.mynaijanews.com/content/view/2884/144/

Anyway. I hope you find what you are looking for. I know that £3,000 may not help you find it.

Very good luck

First I commend you for seeking people's advice.You see, One of the things I believe about investment is that you must not put all your eggs in one basket rather, put your eggs in many basket this will maximize your income and reduce your losses.
You can as well stay in London where you are and go on with this buz that i want to introduce to you. It is global stock trading it is different from investing in stock for investment is for a long time while trading is for a short time.to knoiw more visit this my site
All the info there are straight forward and free of charge.
You can write me through my web if you have any qustion to ask.

www.tradeglobalstocks

@poster
You can start a fish farming business with that amount you will have
a standard fish farm,
this are the list of basic thing you will need to have on ground.
land,
borehole
and concrate tank(ponds)
for more info and a biz plan
cantact me on: kfad0509@hotmail.com
cheers

i_laugh:

To tell you the truth - 10,000 pounds is small change in Nigeria - that is 2.2 million Naira or so, boy, where do you want to start? You need a house, a ride, an office, and all these dont come cheap, unless you already have the above - i.e. a flat to live, an office to use and a car to ride, but without the above 2.2million is a small dough in Nigeria.

I am sure there are still one thousand and one things to do with that kind of money, share buying is no more prosperous, i beleive small buying and selling will increase that capital rapdly, but it al depends on what you train as, did u train as a technician or something where you make small repairs? the choices can be long realy.

what kind of an human being are you??
are you dangote or bill gates to speak condescenly about what the guy can afford?
what are you worth,to open your mouth and say 10,000 pounds is small change,small change in a country where more than 70 million people live below the poverty line??if you dont have any credible advice to give the guy,just stroll along instead of spreading your cynicism.
these sort of comments are the reason why so many diasporians have not bothered investing in nigeria,if you dont have any advice to give the guy,i suggest you just move along,instead of the usual nigerian arrogance over nothing!!
@poster
there s a whole lot you can do with 3000pounds talk less of  10,000pounds
the first thing is not to let comments like these deter you,or make you feel like you have to over stretch yourself or start anything big,one of the most common causes for businesses failing in the first year is over stretching yourself,start very small and if you target the right demographics,you will be sorted.
there are more than enough businesses you can do in nigeria that is guaranteed to be lucrative,however the key thing is having a trustworthy individual to run it in your absence,lastly you need to consider a couple of things before you embark on anything
1.where does your interest lie?seeing as there are diverse and different business areas in nigeria e.g farming diary farming is lucrative,livestock,vegetables,e.t.c fish,snails ,

2.you could buy a tent from here and rent it out in nigeria,i know a friend who did this and is charging about 200,000 for the use and is always booked,the tent is between 4-6000 pounds however,the advantage is that all you need to do is maintain it and thats all.

3.if you dont mind getting your hands dirty,and you are not subject to immigration controls,you could break cheap japanese cars into buses and re selling in nigeria,dirty but very lucrative i could go on and on and on about business ideas but having a trusthworthy individual and where your interests lie is key

there are a lot you can do,just think of 100 and something million people and their needs,and more than enough ideas will come to you

lucabrasi:

what kind of an human being are you??
are you dangote or bill gates to speak condescenly about what the guy can afford?
what are you worth,to open your mouth and say 10,000 pounds is small change,small change in a country where more than 70 million people live below the poverty line??if you dont have any credible advice to give the guy,just stroll along instead of spreading your cynicism.
these sort of comments are the reason why so many diasporians have not bothered investing in nigeria,if you dont have any advice to give the guy,i suggest you just move along,instead of the usual nigerian arrogance over nothing!!
@poster
there s a whole lot you can do with 3000pounds talk less of  10,000pounds
the first thing is not to let comments like these deter you,or make you feel like you have to over stretch yourself or start anything big,one of the most common causes for businesses failing in the first year is over stretching yourself,start very small and if you target the right demographics,you will be sorted.
there are more than enough businesses you can do in nigeria that is guaranteed to be lucrative,however the key thing is having a trustworthy individual to run it in your absence,lastly you need to consider a couple of things before you embark on anything
1.where does your interest lie?seeing as there are diverse and different business areas in nigeria e.g farming diary farming is lucrative,livestock,vegetables,e.t.c fish,snails ,

2.you could buy a tent from here and rent it out in nigeria,i know a friend who did this and is charging about 200,000 for the use and is always booked,the tent is between 4-6000 pounds however,the advantage is that all you need to do is maintain it and thats all.

3.if you dont mind getting your hands dirty,and you are not subject to immigration controls,you could break cheap japanese cars into buses and re selling in nigeria,dirty but very lucrative i could go on and on and on about business ideas but having a trusthworthy individual and where your interests lie is key

there are a lot you can do,just think of 100 and something million people and their needs,and more than enough ideas will come to you

Someone is talking about business, you are advising him to buy tent and start renting, what type or kind of human being are you? why not advice him to become a bus conductor instead? What type of business idea do you have in your head?

The only other type of idea you give the guy is for him to involve himself in a dirty business? what kind of man are you Lubra?

Na wa o - well, sorry, looks like you realy think way below what others think, a business worth while, thats what the guy is asking for, not a business of renting tent to owambe goers like yourself. hahahaha.

i_laugh:

Someone is talking about business, you are advising him to buy tent and start renting, what type or kind of human being are you? why not advice him to become a bus conductor instead? What type of business idea do you have in your head?

The only other type of idea you give the guy is for him to involve himself in a dirty business? what kind of man are you Lubra?

Na wa o - well, sorry, looks like you realy think way below what others think, a business worth while, thats what the guy is asking for, not a business of renting tent to owambe goers like yourself. hahahaha.

i will reply these comments for a couple of reasons,first to school ignorant coops like yourself as you might learn something and secondly for the benefit of the poster and others that might stumble upon this thread.

to the tent business idea that you r addressing with derision and scorn,these tents get rented out for an average of 150,000 to 250 thousand naira each day,and in lagos you are bound to get at least one party wedding,funeral e.t.c every single weekend not counting luncheons and functions during the week,the only people that will get paid out of that are the boys setting it up and the driver with less than 50,000 out of the total payment leaving well over 100,000 naira every week that is an income of almost half a million monthly with minimal overheads for an investment of 6000pounds(around 1.4 million naira)
now if you can work that round your head,tell me who is ignorant between both of us!!

as for what you are calling dirty business,its a business where you make a 100% profit,and after building up a relationship with the spare parts dealers in nigeria,they are known to finance these trips with their own money.

like i asked you in my previous comment,why dont you show us the evidence that you are richer than everybody here,seeing as you think 10,000 pounds is chicken feed,you r spewing out more dirty rubbish than a rodeo ground and i suggest you read and learn more rather than making ignorant comments,go on google and find out how the biggest business people in the world started

Luca, can we talk, hit me up on my email smoves79 @ gmail.com , need to glean some biz info off you, thanks man

Moves:

Luca, can we talk, hit me up on my email smoves79 @ gmail.com , need to glean some biz information off you, thanks man

no worries sent a message to you

Open Bukka nau!

Or yu open an internet cafe.

lucabrasi:

no worries sent a message to you

I didnt receive your message; can you please resend. the email address= smoves79 @gmail.com

No spaces, Thanks

Mike its brian,i just sent you some more ideas you can look into,but left to me,the post that guy gave you for investing the money in a bank and going off to do your youth service and law school,seem's like a viable one.
Not only will you be doing something but it will give you time to research the business terrain in nigeria and make up you mind which area to dabble into.

Moves:

I didnt receive your message; can you please resend. the email address= smoves79 @gmail.com

No spaces, Thanks

sent another mesage

Hi There
  I think its nice what you are trying to do,we all dont have to wait for the oil firms to employ us.We can go about doing little for ourselves.
  As you know economical situtation of Nigeria is pretty tight as ever and every one wants to drive a big car,live in a nice house without working too much.
  One idea for such people and I think would interest you pretty well is investing in the FOREX trade.I know what you are saying its kind of like a gamble but thats if you are not invested with the right people and have proper documentation.
  Being that you have been out of the country for a while you will find lots of factors which would be quite frustrating.All you need do is ask a family member to look into it for you say a brother or sister.Its quite common these days.Ask them to look for a reliable investor you can invest with and make sure they are not cooks,you know YAHOO YAHOO boys.Go on ahead by preparing a well detailed agreement with your investor and you are set.You can also go as far as going to the police station to sign papers saying that you both are into a financial understanding and also providing them with personal datas of himself.so incase he is a fraudlent person he would think twice before making any wrong moves.
  Good Traders offer their investors a minimum of say 30% return of their capital every month and 100% return after 3 months.So do the math 30% for one month for 10000 pounds thats 3000 pounds.Isnt that easy or what and for 3 months you get 10000 pounds.Sounds too good to be true but it is TRUE.
   This is one business you can successfully enjoy without breaking a sweat as long as you trader meets his payments.But like I said with all business come risks the only risk here which you can avoid is meeting a reliable and honest trader.And before I forget you can collect your investment capital anytime you desire which means after your service you still have your 10000 pounds + interest and can fly back to the UK.One part about forex that is also nice is that if your trader makes or does not make any profit(bad trade) that month its non of your business you still get paid your interest.
  You will probably be asking your self am I myself into this,well the answer to that is Yes I am but as an Investor and its pay divends.
  Just think about it.

Mike

What I'll have to say as a business owner who also graduated from a UK school to set up shop in Nigeria afterwards is to listen to the post of Lawyer - avoid mixing Law school and business. Law school is as rigorous as schooling in UK. If it were normal undergrad schooling in Nigeria, you might manage to pull of a thing or two, but as for Law School and all I've heard about it - you will not have the required time to concentrate on your studies as well as make a good profit from your business.

Best bet - invest your funds in a good bank - GTB is one very good one, as a fixed deposit with a rate of about 12% p.a. and I'm sure you'll be better off than where you started from when you invested the funds (just always make sure you always keep in touch with your account office and ask them for higher rates when rolling over, else move your funds to where you can get higher rates!)

A word is enough for the wise (well, as many words)

well you can invest im me for more details mail me at bukola4u2see@yahoo.co.uk

Mikeydre,
l suggest you invest in real estate in Abuja or Lagos and since you are a lawyer open a fashion shop to sell men and women suit for your daily income.
lf you are intrested contact me. visionsen@gmail.com

@poster.
Dont let some cheap amateurs mislead u oo,

HI MICH,
CONGRATS 4 UR WONDERFUL ACHIEVEMENTS SO FAR IN UK.
WELL IN TERMS OF INVESTING IN NIGERIA IS A BIG BALL GAME.NO CONSTANT POWER SUPPLY,SECURITY IS NOT WELL ASSURED.WELL I MAKE SUGGESTION, U CAN START INVEST ON LANDS THAT IS BUYING AND SELLING OF LANDS.THAT IS A LUCRATIVE SECRET BUSINESS IN NIGERIA FOR NOW,WHY? BECAUSE I AM INTO IT.
I RESIDE IN AWKA, ANAMBRA STATE.
MY CONTACT LINE IS, 08067837873.