Investing in Nigeria
Hello everyone, my name is Chinwe. The last time I was at Nigeria Info Fm to discuss about starting a business in Nigeria, I got a other lot of questions I couldn’t address, so I took it upon myself to make these video to address those questions; and most of them were about investing in Nigeria.
Nigerians are so particular about where to put their money, they’re eager to know, Okay! How can i grow One thousand Naira to Ten million or what’s the best way to put this money away and let it yield for me so i did so much research, i ask a lot of questions and based on personal experience i have been able to gather something very valuable that i want to deliver on this video, so if you’ve hammer through MMM, your family have settled you, if your church have done contributions for you get your pen and your paper and write this down because my dear! its very very useful.
Investing in Nigeria Requires a different strategy
The First thing you should know about investing in Nigeria is that Investment ideas that work in other places don’t really work in Nigeria because of our system is totally different, our economy is different, our orientation is different our background is different, our weather is different. So all these factors come into play when you are trying to decide where to put your money in Nigeria.
I was able to break down all the ways you can start investing in Nigeria into Four main categories
1. Invest in your own business: The First One is that you can invest in your own business, you can invest in someone else’s business you can invest through partnership and you can invest in people.
I’m going to start with Investing in your own business The First way to Invest your money is in starting your own business.
2. Starting your own business: i think is the best investment you can make as long as you’re willing to make the sacrifices it requires, its not something you have to start today and then maybe give up in a couple months, its something that you know its for the long run, so you have to be willing to make the commitment that are required, it could be a hobby you want to turn into a business, it could be your profession you want to get serious with or it could be anything else that you have strong interest in -that you know that when the going gets tough that you will be able to continue it for example, if you’re passionate about food, you know that your calling is in eating you know that when you put one spoon in your mouth its as if your whole pain has disappeared you know that your calling is in restaurants business. My dear put that money into restaurants business.
Click here to read more on strategies to consider when investing in Nigeria,