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What Would You Do With One Million Naira? - Business (2) - Nairaland

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Re: What Would You Do With One Million Naira? by richidinho(m): 6:22pm On Jun 11, 2018
m
Re: What Would You Do With One Million Naira? by Nobody: 6:22pm On Jun 11, 2018
lipsrsealed
Re: What Would You Do With One Million Naira? by Nobody: 6:22pm On Jun 11, 2018
booze!!!
Re: What Would You Do With One Million Naira? by edo3(m): 6:23pm On Jun 11, 2018
look for 2 odds game and stake..

1 Like

Re: What Would You Do With One Million Naira? by Bills2307(m): 6:23pm On Jun 11, 2018
Sulemanial:
WITH ONE MILLION NAIRA I WILL TRANSFORM THE LIFE OF BUHARI FOR GOOD
very funny! U think dat money is much. You only need to invest with it. Buhari big pass the moni

4 Likes 1 Share

Re: What Would You Do With One Million Naira? by Maket: 6:23pm On Jun 11, 2018
Let me have it first. For now I will tell you that's not money.
Re: What Would You Do With One Million Naira? by purplekayc(m): 6:24pm On Jun 11, 2018
Not enough sef
Re: What Would You Do With One Million Naira? by otabaotaba: 6:24pm On Jun 11, 2018
I will start my fruity smoothies business plan. Thank you

3 Likes

Re: What Would You Do With One Million Naira? by Maket: 6:24pm On Jun 11, 2018
edo3:
look for 2 odds game and stake..
One of the LNY
Re: What Would You Do With One Million Naira? by Kobicove(m): 6:24pm On Jun 11, 2018
How much is N1 million sef undecided

1 Like

Re: What Would You Do With One Million Naira? by ifymadu: 6:25pm On Jun 11, 2018
I will give my wife ASSURANCE
Re: What Would You Do With One Million Naira? by Adukey(f): 6:26pm On Jun 11, 2018
Kobicove:
How much is N1 million sef undecided

Really? Please, dash me just 10k since 1mil is nothing.

8 Likes

Re: What Would You Do With One Million Naira? by kizzoh(m): 6:26pm On Jun 11, 2018
One million naira na small money oh..

1 Like

Re: What Would You Do With One Million Naira? by gbenson(m): 6:27pm On Jun 11, 2018
Invest N350,000 in Equipment And Training to acquire expertise in a particular investment opportunity.

Use the Balance for the investment.

1 Like

Re: What Would You Do With One Million Naira? by Nobody: 6:27pm On Jun 11, 2018
skarlett:
I came to read comments

4 Likes

Re: What Would You Do With One Million Naira? by edo3(m): 6:28pm On Jun 11, 2018
Maket:
One of the LNY
what is LNY?
Re: What Would You Do With One Million Naira? by Ramos16(m): 6:28pm On Jun 11, 2018
Adukey:


Really? Please, dash me just 10k since 1mil is nothing.


I believe that comment was meant in terms of starting up a business, I honestly do not know what kind of business one will start with that amount, pure water business? I have tried that not really profitable, transportation, tried that too, too much risk, drivers come back every other day complaining of one big expenditure or another. The OP's question is valid, when people say they don't know what to invest in, what they are really saying is that they don't know what to invest in that has low risk.

16 Likes

Re: What Would You Do With One Million Naira? by Krafty006: 6:29pm On Jun 11, 2018

1 Like

Re: What Would You Do With One Million Naira? by frisky2good(m): 6:29pm On Jun 11, 2018
bot101:
Invest in the transportation sector, return initial investment capital after 7 months and pay a 50% interest over the next 3 months. Sounds good??

With 1 million Naira?

2 Likes

Re: What Would You Do With One Million Naira? by obaataaokpaewu: 6:29pm On Jun 11, 2018
look for sure 2 odds
Re: What Would You Do With One Million Naira? by ContentMaster: 6:29pm On Jun 11, 2018
cry
qanda:
thinking
Re: What Would You Do With One Million Naira? by harlee(m): 6:29pm On Jun 11, 2018
Kobicove:
How much is N1 million sef undecided

3 Likes

Re: What Would You Do With One Million Naira? by Nobody: 6:29pm On Jun 11, 2018
Kokaine:
When asked what the problem is, an average Nigerian will say money! Money! Money!.

In my opinion, I feel the dearth of ideas is as great a challenge as the lack of money it self. While one person may need a grant of NGN100,000 to kick start a life, another person with 10million naira will still come online asking for ideas on how to invest it. Many a people I have met who 'happened' upon money and all they succeeded in doing was buy cars, buy a plot of land and boom! They went back to being broke.

Unfortunately for me, I find myself in the second category. The only business I know is alternative energy, I wish to diversify and involve myself in other forms of investments. Anything outside online businesses like bitcoin and what have you.

So I ask a simple question, and I believe many Nigerians will benefit from your responses here;

If you are given a million naira for free, what exactly would you invest it on? How long do you expect a turn over, and what risks and challenges would you encounter?
I need a small spectrophotometer for phytochemistry and other chemistry analysis in my small lab. A moderate one cost around one million naira.

4 Likes 1 Share

Re: What Would You Do With One Million Naira? by nuelzy: 6:29pm On Jun 11, 2018
Kokaine:
When asked what the problem is, an average Nigerian will say money! Money! Money!.

In my opinion, I feel the dearth of ideas is as great a challenge as the lack of money it self. While one person may need a grant of NGN100,000 to kick start a life, another person with 10million naira will still come online asking for ideas on how to invest it. Many a people I have met who 'happened' upon money and all they succeeded in doing was buy cars, buy a plot of land and boom! They went back to being broke.

Unfortunately for me, I find myself in the second category. The only business I know is alternative energy, I wish to diversify and involve myself in other forms of investments. Anything outside online businesses like bitcoin and what have you.

So I ask a simple question, and I believe many Nigerians will benefit from your responses here;

If you are given a million naira for free, what exactly would you invest it on? How long do you expect a turn over, and what risks and challenges would you encounter?
venture into agriculture... And run a bar by the side

4 Likes

Re: What Would You Do With One Million Naira? by Nobody: 6:29pm On Jun 11, 2018
Sulemanial:
WITH ONE MILLION NAIRA I WILL TRANSFORM THE LIFE OF BUHARI FOR GOOD

Re: What Would You Do With One Million Naira? by cpapa: 6:30pm On Jun 11, 2018
open beer parlour furnish the place put flat screen TV do asun ND fish pepper soup bring in correct � to serve then make Return Of 500k every month

2 Likes

Re: What Would You Do With One Million Naira? by oluwasegun007(m): 6:30pm On Jun 11, 2018
lonikit:
leave this 9ja

Ma nigga....
Re: What Would You Do With One Million Naira? by Kenkuss(m): 6:30pm On Jun 11, 2018
Give me first the one million then I will tell u what to do with it

When problems full nigeria
Re: What Would You Do With One Million Naira? by frisky2good(m): 6:31pm On Jun 11, 2018
I will use it to buy a generator for my business grin
Re: What Would You Do With One Million Naira? by Ridbaay: 6:31pm On Jun 11, 2018
Here to learn
Re: What Would You Do With One Million Naira? by Opistorincos(m): 6:31pm On Jun 11, 2018
Kokaine:
When asked what the problem is, an average Nigerian will say money! Money! Money!.

In my opinion, I feel the dearth of ideas is as great a challenge as the lack of money it self. While one person may need a grant of NGN100,000 to kick start a life, another person with 10million naira will still come online asking for ideas on how to invest it. Many a people I have met who 'happened' upon money and all they succeeded in doing was buy cars, buy a plot of land and boom! They went back to being broke.

Unfortunately for me, I find myself in the second category. The only business I know is alternative energy, I wish to diversify and involve myself in other forms of investments. Anything outside online businesses like bitcoin and what have you.

So I ask a simple question, and I believe many Nigerians will benefit from your responses here;

If you are given a million naira for free, what exactly would you invest it on? How long do you expect a turn over, and what risks and challenges would you encounter?


With one million naira, I'll start sales of gadgets and accessories... UK used though

2 Likes

Re: What Would You Do With One Million Naira? by omafazie(f): 6:32pm On Jun 11, 2018
If I'm given 1 million naira for free I will invest it in Organic cosmetics production . Making organic and herbal products that clear stretch marks, dark knuckles and thighs, pimples remover products and other products like lotion and soap for both fair and dark skinned persons. Its a very good business and I already have the knowledge on how to make them. I plan to use Facebook and instagram ads to promote the business and I can make over 50% profit every month. This is because skincare is a very lucrative niche especially as alot of ladies will do anything to achieve a flawless skin.

In terms of risk, some customers may not be satisfied with the product for sure and may return it, Or the courier services I may be using to deliver the products to my customers may not deliver on time but nevertheless: the advantages far outweighs the disadvantages.

18 Likes 1 Share

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