Ugosample:


Well it's still a lot of money

62% of Americans don't have $1k saved against their name

And besides forget the exchange rate, N1m can still buy you a lot of stuff down there in Nigeria, more than that amount could get you in say Switzerland or Germany

dlaw70:
with all ur acuracy in writing,u are still jobless and hungry

nwanne with my weak spellings i can feed u and ur entire generation to come

quot me again and repply urself like an insane character

MrTour:
I will buy Nairaland and sack 90 percent of the mods.

EgunMogaji:


In the grand scheme of things N1M is really not much in today’s economy. And I guess in things on my personal list of to dos.

I guess I’ll buy and fence away a plot or two of land.

I already do charity so no biggie there.

PureMe01:
yep...u see.dats a valid reason for such to happen.even banks may close up Wen located in an enclosed area.so dat is normal for any sort of business but be sure of returns Wen located in an open environment

JoyceMeyersFan:
Become a dealer/distributor for an already established company. Will go for either a beauty or an IT company.

sexdoll:


unique idea my _arse!

brother, what you have is NOT in any way an idea...

what you have is purely an exploitation setup.

it wouldn't have been a problem in any way if only you will agree that your sisters will be part of the plan.

but like most exploiters, you will always want to USE another person/s (blood and sweat) to profit.

if only you were smart enough, you will understand that all those people i mentioned started their businesses by being creative rather than being exploitative

it's quite a pity that you will look at your utterly stupid and lascivious response and call it smart.

it really shows how shallow and shameless you really are.

Alexdon200089:


You make sense bro!!that's why market survey matters a lot in opening up a business..Betting is becoming and end to some people brokeness, but you don't expect a return from it when you don't set it up in a very conducive environment dominated more by the youth, it will fold up!!!!!!!I like the business and it's what am working on opening very soon with Beer palour!!

vowsng:


Stop deceiving yourself, you can't get to the UAE with 1million naira, do you know how much they even demand you have in your account before you can be issued a visa? Do you know you can't work in any of those countries without a permit, which can only most of the times be gotten through difficult means, how much is visa and passport? How much is air ticket?

millomaniac:


What he dlaw70 said is already being done and it generates a very huge unbelievable return on investment. He just means starting a brothel. He was just being comical about it. It generates a whole lot of more money than hotels. Besides everyone is unique with different ideas. People that think like him are actually rare. Everybody can not be the same

greggng:


I do sell but I don't 've that at the moment

sexdoll:


yeah, i know he's a genius for coming up with an 'idea' which according to you, is already being done!

fine.

now let me tell you this.

selling marijuana is even much more profitable than running a brothel, are you aware of that?

a lot of our youths are already deep in taking that _shit, which means you already have a ready and large market.

besides, it is also very easy to get addicted to taking marijuana which also means a lot of returning customers for you as a dealer...

but if you are a conscientious human being, sometimes you should just ask yourself whether the business you are running thrives on 'uselessing' other people or helping them to grow and become better persons.

it is not always about the money.

i hope you get my point?

sexdoll:


lazy youth speaking.

na so mark zuckerberg take become billionaire abi?

abi na so samuel maduka onyishi of peace mass transit take start im business abi?

abi na so chimamanda adichie take start her career?

or maybe na so tony elumelu take start uba?

abeg no vex o but make i ask you this question: shebi you been come from benue ba? shebi you get sisters? shebi your sisters go gree follow the OP come start that correct bizness wey you dey suggestoram?

people with little brains.

whenever they talk you'll always wish they will learn how to shut their dirty trap.

greggng:


Let me tell you something , nothing is too small to start with. Last week someone bought Kia Rio 2012 manual car from me for just 850k. I asked the man what business he is gonna use it for and he Said taxify . He has 5 already and he is asking me to get more Kia for him. I was deeply touch by the passion he has for the business. Don't wait u ntill u 've billion

indoorlove:
Do you sell cars? Let me know if you have Kia Rio for sale..

millomaniac:

This is funny and actually hypocritical coming from a guy that fantasizes or have sex with inanimate objects. Besides You don't have to insult him for saying his opinion.

Shakitibob0:
Bro ....please, what model of Kia.... I am in South Korea now...

Tradefairlagos:

Oga I dont say things I dont know, if you have a million naira bring lemme get you a reident permit , a good job and accommodation in Dubai. Dont assume, check for facts. Visit google.com and do a little research, google agents, call at least 15 and listen to what they tell you. Kapisn

Shakitibob0:
Bro what type do you want?

Ugosample:





nwanne jiri nwaayo

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?

hunter21:
I would buy stocks

Tradefairlagos:
Nigeria is one of the worst places for a small startup right now. Many factors are against you
1. Low capital
2. High Taxation
3. Lack of infrastructure (power at the top of the list)
4. Stiff government policies
5. unhealthy competition

If I had a million naira, I will relocate to a better country where my future will be safeguarded. It might take a little struggling, but with hard work and dedication, overtime I will build a lasting future protected by good governance.

Antoeni:
charcoal business

Ramos16:



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.

1stolax:

I need a small spectrophotometer for phytochemistry and other chemistry analysis in my small lab. A moderate one cost around one million naira.