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What Business Can I Do With A Million Naira Please - Business (4) - Nairaland

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What Business Can I Start With Eighty Thousand Naira Please! / Where To Buy Dollars Online With Naira Please / I Have 5 Million Naira. Please Advice On A Great Business To Do (2) (3) (4)

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Re: What Business Can I Do With A Million Naira Please by millionboi2: 3:45pm On Oct 24
osayuwamwen:
No they won't die if u buy vacine put for their water, they won't die and always put sawdust for the ground we're them go stay make sure it is the space have door ooh to prevent cat and and reptile and make sure u change the sawdust regular and watch them grow, the set I did b4 this last set no single one die, but this last set I did 4 die, even if 10 die self u go still get better profit
chai,as u dey talk m,e dey sweet me lol
Re: What Business Can I Do With A Million Naira Please by Olatemiseeni24: 3:49pm On Oct 24
When u can look for 4 or 5 odds on sportybet and stake responsibly with 1m.. u will thank me later
Re: What Business Can I Do With A Million Naira Please by Ubdavis(m): 3:50pm On Oct 24
suckprick:
The same business that gave you the 1m. Abi you be kidnapper? undecided

Senseless response.
Re: What Business Can I Do With A Million Naira Please by Barcalee: 3:56pm On Oct 24
suckprick:
The same business that gave you the 1m. Abi you be kidnapper? undecided

😂😂😂😂 What if it's a gift?
Re: What Business Can I Do With A Million Naira Please by Love800(m): 3:57pm On Oct 24
What do you mean by food business?
frankblinkz:
Food business
Re: What Business Can I Do With A Million Naira Please by Love800(m): 3:58pm On Oct 24
What do you mean by food business?
MONEY247:
Food and business....
Buy in bulk and resell...

It gives higher returns than stocks...
Christmas is coming...
Just buy rice and garri...

Resell at higher price....
As for garri it increases in price every January...
Re: What Business Can I Do With A Million Naira Please by Love800(m): 3:58pm On Oct 24
Food business. Pls explain?
richmond500:
Food business is good if u have time to do it but if you don't, have four different POS stands in a good location and allow people run them for u.
Re: What Business Can I Do With A Million Naira Please by Love800(m): 3:59pm On Oct 24
Explain the food business pls.
SilentEmma:


Food business
Fruits business

Anything that people consume daily ...

Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:01pm On Oct 24
How do one start blogging?
Kennietech:
As long as the business pays in dollars ; A fintech I App use to change my dollar displayed $$ has 1691 ; today is 1700 . So that means your 1 million wouldn’t be 1 million tomorrow . Such a crazy irony . Blogging still pays o ! Check the thread in my signature and read a detailed explanation
Re: What Business Can I Do With A Million Naira Please by Skydivine: 4:03pm On Oct 24
MONEY247:
Food and business....
Buy in bulk and resell...

It gives higher returns than stocks...
Christmas is coming...
Just buy rice and garri...

Resell at higher price....
As for garri it increases in price every January...
How do you stock garri ? Is it not going to spoil?

1 Like

Re: What Business Can I Do With A Million Naira Please by SilentEmma: 4:04pm On Oct 24
Love800:
Explain the food business pls.

Set up a local canteen or restaurant... Start selling cooked food

Or

Start selling edible fruits like cucumber, water melons, and so...

This items sells on daily basis...
Or you can opt for the whole sale of rice, beans, groundnut oil and palm oil in bulk

Good location matters for this business... You can join hands with someone already doing it and be making profit while u learn it as well

2 Likes

Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:05pm On Oct 24
After buying, what will he do with it?
Skyehigher1:
Food business is good for you buy it in bags especially rice and garri and spagetti , noddles , palm oil, everything people consume everyday
Re: What Business Can I Do With A Million Naira Please by nedekid: 4:07pm On Oct 24
FARA4GA:
Foodstuff business ...... Buy in large quantities and store. Beans season will soon be here ...buy 10 bags and store ....by early next year, you will sell it almost double the price ...palm oil business and do same.......then wait for egusi season too...

It all depends on your location sha, which will influence how cheap you can get the products to store ...

Oga, how much do you think a bag of beans sells for? Cos I hear it is like 300k.
Re: What Business Can I Do With A Million Naira Please by noobody(m): 4:07pm On Oct 24
Onyiridike:
If you don't have a skill in any business, invest the money in money market fund. Go for Stanbic IBTC or FBNQUEST. The return is about 20% per annum. Therefore, you stand to make ₦200,000 annually or ₦16,600 monthly.
This is better than risking your money in the hand of of today's get-rich-quick youths. They will run your money aground. Please, avoid the story that touches.

Good idea

But savings account interest pays as high as this also,

As long as withdrawals s are not up to 3 times in a month,

He can make as much as 15k per month on the 1M

3 Likes

Re: What Business Can I Do With A Million Naira Please by grandstar(m): 4:09pm On Oct 24
Funkyswagzz:
Try fish farming

It is too risky.
Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:11pm On Oct 24
Where will the security be sleeping or staying?
Esude007:
I will advice u go into agriculture, cassava farming to be precise.

Get a land, run the soil test to know the nutritional information of the soil then start.

Start with just 1 hectare.

If u use 0.9m by 0.9m spacing configuration, 12300 heaps can seat on 1 hectare. Cost of 1 heap in my location ( kogi state) is #30. That's #369,000

Get your stem from disease free farm at #500 per bundle,u need 60 bundle for 1 hectare that's #30,000 and the Keke that will bring the stems should be pegged at #7000.. total #37,000

U need 6 litres of glyphosate at pre planting stage and a litre is #4000 that's #20,000

Labour for planting plus their feeding should be pegged at #50,000

For pre emergence herbicide, u need 4 litres of paraquat and 3kg of atrazin at #6000 and #8000 respectively... #48,000

Labour for herbicide application should be pegged at #20,000

Cassava requires 135kg of nitrogen, 40kg of phosphorus and same amount of potasium 8 weeks after planting, so 4 bags of Npk fertilizer at #40,000 per bag... #160,000


Bringing total expenditure to #708,000

If u follow the above Agronomic practices, u can get 2.5kg per heap.

That is 2.5kg * 12,300 heaps which is 30,750kg

1 tin is 1000kg which means u can get 30.75 ton.

A ton is #110,000 in the local market now.

Don't forget u will still inter crop this cassava with sweet maize probably sc510 by seedco which is a 82 days variety.

A cob in my place from road side vendor is #200, and u will sell at wholesale at 5 for #600

Which means from your 12,300 heaps u are sure of 12,300 cobs.

Let's say u got 11,000 big cobs, sell at 5 cobs for #600 means u will get #1,320,000

Cassava inter cropped with maize I just like using 1 stone to kill two birds.

But cassava takes maximum 8 months bfor hervest.

And don't forget, u will engage 1 security to be viewing the farm for u.

Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:13pm On Oct 24
Do you think he will have the knowledge to market it. You think is only by processing!
Khallicopyro:
If you live in a rural area or has someone that does, that 1m can become 3m less than a month. If you use that money to buy palm oil nuts and process it into oil. It's a local buisness but e dey pay
Re: What Business Can I Do With A Million Naira Please by nedekid: 4:13pm On Oct 24
Oboy, look for toks or 1st grade snooker table and put in front of your house, or last last look for a busy joint near you that does not have. You are assured of good daily cashout with low expenses. Least for a game these days in a roadside joint is N500. No way you wount sell 20-30 games daily.
It does not drink petrol or run any expenses. Last last 1ce yearly you change the felt. Ie cloth. Buy cue tips and chalk.
Thank me later..

4 Likes

Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:21pm On Oct 24
Lol.
What if nobody buys it after a month?
osayuwamwen:
Go into poultry business if u have small space at home, u can start small, buy a day old chicken for 75k a carton(100 chick) and feed them for 1month and resell 3500 each, a bag of fowl feed is less than 20k and u won't spend more than 4 bag for the 100 chick in a month, do the math's it a very lucrative side hustle
Re: What Business Can I Do With A Million Naira Please by Kaytixy: 4:23pm On Oct 24
Play 3 odds

1 Like

Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:24pm On Oct 24
Is this buying shares or treasury account(government bonds)?
Curious345:
Oil dey your head .. IBTC mutual fund pays me ₦23,000 naira everyday. I invested ₦42m at 20.44% par annum
Re: What Business Can I Do With A Million Naira Please by Exceed15: 4:25pm On Oct 24
Food. There's hunger in the land.
Re: What Business Can I Do With A Million Naira Please by dauntless15(m): 4:27pm On Oct 24
Curious345:
Oil dey your head .. IBTC mutual fund pays me ₦23,000 naira everyday. I invested ₦42m at 20.44% par annum
you can lie ehn

4 Likes

Re: What Business Can I Do With A Million Naira Please by Emeskhalifa(m): 4:28pm On Oct 24
richmond500:
Food business is good if u have time to do it but if you don't, have four different POS stands in a good location and allow people run them for u.

Y'all make it sound as if it is that easy, till dem scam hin staff or staff carry money run😂😂
Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:28pm On Oct 24
Why did you say dis?
millionboi2:
Don't over exaggerate,thy is no much profit in food business but thy is sells.
Re: What Business Can I Do With A Million Naira Please by Funkyswagzz(m): 4:30pm On Oct 24
grandstar:


It is too risky.

That is if you don't do the necessary things
Re: What Business Can I Do With A Million Naira Please by Teymanhenry(f): 4:31pm On Oct 24
MONEY247:
Food and business....
Buy in bulk and resell...

It gives higher returns than stocks...
Christmas is coming...
Just buy rice and garri...

Resell at higher price....
As for garri it increases in price every January...

A bag of rice currently sells at 70k in a Nasarawa state and it could go even lower by end of October and early November. By February, same bags would be sold as much as 130k. If he can buy about 12 bags and be patient enough to sell at the right time, he can have more than 500k as profits.

2 Likes

Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:31pm On Oct 24
Why pls?
millionboi2:
i laughed at people shouting food business food 😂🤣😂
Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:33pm On Oct 24
What is the essence of the saw-dust?
osayuwamwen:
No they won't die if u buy vacine put for their water, they won't die and always put sawdust for the ground we're them go stay make sure it is the space have door ooh to prevent cat and and reptile and make sure u change the sawdust regular and watch them grow, the set I did b4 this last set no single one die, but this last set I did 4 die, even if 10 die self u go still get better profit
Re: What Business Can I Do With A Million Naira Please by Deepspirituals: 4:36pm On Oct 24
CoronaVirusPro:


He asked you a critical question.

Whatever you did that gave you that one million should be done again with much bigger investment.

You shouldn’t be thinking of diversification with 1m. You should be re-investing since it’s a working plan.
Can't You for once just Comments Something Reasonable .. Chai ! Tweh..
Re: What Business Can I Do With A Million Naira Please by Love800(m): 4:36pm On Oct 24
Which people wan buy sharwama! Everybody is buying their necessities now. Person wey neva chop go buy sharwama!
BigDawsNet:



Find a good spot on the main road and setup a sharwama buisness

4 Likes

Re: What Business Can I Do With A Million Naira Please by 7upnigeria: 4:39pm On Oct 24
Manjapa:


Thank you sir

Dont take that advice

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