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Nairaland Forum / Nairaland / General / Investment / What To Do With 2.5 Million Naira (41902 Views)
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Re: What To Do With 2.5 Million Naira by Ephemmm: 8:55pm On Sep 04, 2015 |
fucklikant101: Well done bros, it is not easy. Although I have not moved out of Nigeria border, but I believe that you didn't get such net by roadside. My advice is as follows: 1. Please beware of 419 on this forum: do not respond to any pm. if you do, shine your eyes and make use of your brain. 2. If you want to start business, it may require a little visibility study which may require enormous time: invest in cash and cash equivalent for like two or three months. e. g fixed deposit or treasury bill. 3. Are you interested in land? If so, use the half of your money to buy plots of land. With 1m, you can get genuine 2-3 plots of land not necessarily in Lekki, Ajah or VI but in Lagos-Ibadan express road. Depending on your mission, they can be left for a longer period or resell if you need more liquidity. Land can never depreciate even if you want to resell it within three months. Through this, the left over after 1m has been spent on landed properties could be used to start a little business from the scratch. 4. Beware of Niger gals: please do not hesitate to bolt if you find a gal that cannot help you to sustain your vision financially. No more time for me on this forum: I salute your courage. |
Re: What To Do With 2.5 Million Naira by Nobody: 8:59pm On Sep 04, 2015 |
This guy na Jew man not even Jew gentile, u work in Europe and save 2.5 million is too small, well u should go and start Gold chain business, invest it in gold and make more money I know is small buh try |
Re: What To Do With 2.5 Million Naira by saipn: 9:02pm On Sep 04, 2015 |
Hmmm,lot of different response here....if you have masters in your course of study i will advice you to proceed for PH.D in canada or australia where u can work and study because nigeria is not a stable country...... |
Re: What To Do With 2.5 Million Naira by tosmman001(m): 9:04pm On Sep 04, 2015 |
Invest into locust beans business... Commonly called "IRU" by d yoruba's |
Re: What To Do With 2.5 Million Naira by SirAlfred(m): 9:18pm On Sep 04, 2015 |
There is a lot of money in the construction industry. Make a little study and invest in block making industry. Although the amount you have may not be enough, but it will get you started if you are meticulous enough. You can still go into clothing business. All you you is forensic study. Good Luck.......but not Jonathan |
Re: What To Do With 2.5 Million Naira by ZACHIE: 9:19pm On Sep 04, 2015 |
Kalvan: No need to reveal your poor home. Pele. It requires no ethnic background to be stupid. Okay? Cheers |
Re: What To Do With 2.5 Million Naira by Krismart(m): 9:23pm On Sep 04, 2015 |
Pls borrow me and after a year I will give u 5M |
Re: What To Do With 2.5 Million Naira by icon02(m): 9:24pm On Sep 04, 2015 |
Import good solar panels and start an independent power project small company My canduid advise |
Re: What To Do With 2.5 Million Naira by Nobody: 9:26pm On Sep 04, 2015 |
Re: What To Do With 2.5 Million Naira by Nobody: 9:26pm On Sep 04, 2015 |
We make joke of anything and this is not helping us as a country. Even if the OP doesn't mean what he is asking for nothing stops you from giving him a proper advice. This kind of question should wake you up to reality instead. When I saw this question, I didn't come up with an ideal business and that alone scared me. I want to be a business man but can't answer or advise OP on this. This stuff should challenge us. Don't joke with everything in life. We have different sections in Nairaland and even joke section. OP's success in his biz could lead to progress of this country, he can be an employer of labour in the nearest future. OP, my advice is this: What people really need to make it in life is not money but experience. You are educated but not experienced. You need it. Igbos believe in serving people(boy-boy). Those guys that go through "boy-boy" can make 50k worth 3million in 3years. Keep you money far from you and go and get experience. You can do this by applying for job in your area of interest. 1 Like |
Re: What To Do With 2.5 Million Naira by Larryfest(m): 9:27pm On Sep 04, 2015 |
Its either dis dude is lieing or just dull...stil wonderin why one wud come on social media and roll dis kind of tin out so u dnt family frnds or watnots? |
Re: What To Do With 2.5 Million Naira by adaxxy: 9:32pm On Sep 04, 2015 |
drmikeadams:ship cars with how much? My dear treasury bills is better do 364days and you get roughly 340,000naira immediately no sweat |
Re: What To Do With 2.5 Million Naira by xklucvG: 10:03pm On Sep 04, 2015 |
Invest in agriculture. |
Re: What To Do With 2.5 Million Naira by mechanics(m): 10:10pm On Sep 04, 2015 |
ExInferis:name n bank. |
Re: What To Do With 2.5 Million Naira by mechanics(m): 10:14pm On Sep 04, 2015 |
Guy b wise o, dont fall into d hands of 419, my advice 4 u is to venture into spare parts business, or car wash or boutique, both men and women wears, or barbing saloon, or provision business, or u put part of d cash in a fix deposit account and trade wit d rest. |
Re: What To Do With 2.5 Million Naira by ExInferis(m): 10:16pm On Sep 04, 2015 |
mechanics: stop living in the past. account number will suffice |
Re: What To Do With 2.5 Million Naira by charlsecy(m): 10:16pm On Sep 04, 2015 |
fucklikant101: techyjabs: @fucklikant101, You should move with great caution! |
Re: What To Do With 2.5 Million Naira by mechanics(m): 10:16pm On Sep 04, 2015 |
mytime24:babe u no serious o, aba jet, hw wil he maintain it, dat money no fit buy jet. |
Re: What To Do With 2.5 Million Naira by mechanics(m): 10:18pm On Sep 04, 2015 |
ExInferis:lolz. 1 Like |
Re: What To Do With 2.5 Million Naira by highbeeola(m): 11:09pm On Sep 04, 2015 |
ExInferis:Which bank |
Re: What To Do With 2.5 Million Naira by DAPOET1991(m): 11:11pm On Sep 04, 2015 |
try investing in real estate with some part of the money then look for what you know you are passionate about and have reasonable information on and start a business on that THEN SAVE AT LEAST 25 PERCENT OF THE CASH FOR RAINING DAYS |
Re: What To Do With 2.5 Million Naira by dantori(m): 12:25am On Sep 05, 2015 |
fucklikant101: Fishery is something that is very very valuable and which does not have loss no matter what however you may need to contact me for professional hands on consultation you will spend less depending on how big you want it however. Thanks Umar Farouq Idris for Sujaynas Farms |
Re: What To Do With 2.5 Million Naira by flyforall: 12:49am On Sep 05, 2015 |
Buy a land with 1million and let it appreciate. Invest the other 1 million in people( open shop for a friend or cabu cabu which will give you weekly income) Keep the 500k in your account for expenses etc |
Re: What To Do With 2.5 Million Naira by LOUIS6(m): 12:51am On Sep 05, 2015 |
cyprus000: Like how much will it cost to open a barbing saloon? |
Re: What To Do With 2.5 Million Naira by 4stylz: 12:56am On Sep 05, 2015 |
[quote author=SirAlfred post=37678526]There is a lot of money in the construction industry. Make a little study and invest in block making industry. Although the amount you have may not be enough, but it will get you started if you are meticulous enough. You can still go into clothing business. All you you is forensic study. Good Luck...... |
Re: What To Do With 2.5 Million Naira by kaythinks(m): 1:25am On Sep 05, 2015 |
With 2.5 million you can start the following
1.)Restaurant
2.)Transport business
3.)Import business
4.)Export business
et al.
Feel free to contact me via kaythinks@gmail.com
I offer business advice and i write business plans. |
Re: What To Do With 2.5 Million Naira by DedeNkem: 3:07am On Sep 05, 2015 |
fucklikant101: Don't respond to anyone requesting you to contact them privately, most of them are only after your money. Tell the person to respond publicly on this thread you created. If anyone advises you publicly here, you will have opportunity to get reliable evaluation from others. |
Re: What To Do With 2.5 Million Naira by DedeNkem: 3:29am On Sep 05, 2015 |
Best advice: Invest in government bond. It's a long term investment, your profit is backed by the government and your capital will never disappear. For example, if the interest is 10%, you'll receive ₦250,000.00 per year on your ₦2.5M investment. You can reinvest your profit to increase your bond value. Bond is the safest investment. |
Re: What To Do With 2.5 Million Naira by trublood(m): 4:10am On Sep 05, 2015 |
fucklikant101: Hi, i have a restaurant chain business idea, and have been looking for a partner or an investor. The restaurant if executed properly would be very lucrative. I have estimated the start-up cost to be between N600,000 - N700,000. The restaurant will target middle and low income earners and can be expanded into any part of the country. Lagos is the state i would prefer starting because it has desirable factors that will help the business grow faster. The restaurant will have a couple of chains and a corporate head that will manage the day to day activities of all the restaurant chains. So if you are interested and want to hear more let me know. |
Re: What To Do With 2.5 Million Naira by 360command: 4:18am On Sep 05, 2015 |
@ fucklikant101, rent a shop elsewhere, go to lagos and buy laptops (new or old), stock your shop and sell. 2) Go to lagos, bcom a mini dealer for a specified android phone ( huawei), sell it in another state where your shop is. 3) Buy mobile phone accessories| computer accessories and sell elsewhere. Note: never underestimate online marketing, u never can tell where your buyers are coming from. 4) Set up strategic locations, employ immigrant workers, get a beautified canopy,buy barbecue stand where you can smoke TILAPIA FISH, in it, create a spicy sauce or stew, serve in take away pack; make sure you use white poly bag so as when customers carry it , they carry with confidence. If Tilapia is not available, find other alternatives like pork frying, smoking mutton(just like suya)..replicate it in different zones 5) Think of agric food supply business. Hit lagos market. Eg: find out when food are coming into lagos, if it is onion, yam, egg, etc.. Buy from the trailer, arrange your stock,load them in your transport vehicle , store in a warehouse(store room).. Pls do ur research on what state or area to sell it or supply to.. In life, we may not have the skill or talent but we have the money to start a business, some of these guys ve the skils but dey ve no money to start up. Think out of the box; use people who have talent,skills and make money out of them. Become an employer. There r people who can sew,repair cars, do woodwork etc... Create a company, it shud ve a name,a brand,a logo.. Employ a few in whatever sector,monitor watch your business grow.. Imagine u buying a small piece of land, creating an auto workshop with a name attached to it. Many habokis come to the south everyday in search of jobs, even if you put a fraction of your money to 10 haboki; buy wheel barrows, buy vegetables, food and stock their wheel barrow so that they can sell for you.. Every 100 naira one haboki brings to you as profit in a day multiply by 10 haboki is a 1000 naira by 30 days would give you 30k naira is something.. Don't rush, just take your time, find out what best that suites you. Trust me,it is easy for you to spend the money carelessly to those business who have set-up for people like you to spend your cash. If you don't act, you can't make money. 4 Likes |
Re: What To Do With 2.5 Million Naira by Redman44(m): 5:56am On Sep 05, 2015 |
Best Advice so far. Kudos@360 Command. 360command: 1 Like |
Re: What To Do With 2.5 Million Naira by Nobody: 6:55am On Sep 05, 2015 |
fucklikant101: I think you'll get better advice if you tell us more about your strengths and your experience. Business is not just about money. It's about people, starting with the business owner. If you only pick an idea just because it requires N2.5m to start up, what happens if such a business doesn't play to your strengths? Shine your eyes! 2 Likes |
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