how do you make money in nigeria?

Answer 1

There is a new business booming now in Kano, which is ground nut oil milling. From start to finish there is no waste product, everything is sold out immediately even the by-products. And when you are not processing oil yourself, people bring their ground nut to you for crushing, which also attracts reasonable money. You will require an initial capital of about 30,000 USD though to start the business.

The challenge you may face is paucity of electricity from the public supply. People already in the business have standby generators to save them from idle time

Answer 2

Hmmm... OK... by priority.
1. Crude Oil - drilling, selling, transporting, importing, refining, etc. Just saying you are connected to it will get you some.
2. Politics - Higher the better, entry level at senate and state governorship. The allowances are down right funny haha, and that's only the day job.
3. Religion - A few church buildings here can put some football stadims to shame, not to mention the number of the crowd and contributions. All you got to do is shout and wave a lot, ok, a little song and dance is even better.
4. Banking - the spread between the loans and deposits are about 12%, but that's the small change, the big bucks are in the cleaning of it. Hey !!! more soap here...
5. Generator Sales - what do you expect? NEPA just can't get it's act together, for the last 20 years or so.
6. Auto parts - new or used, real or fake, big or small. You bring it, we sell it. So come oooon down.
7. Medical supply and services - doctors, dentist, real drugs, fake drugs, vitamins to snake oil. BTW, I'm a brain surgeon.
8. 419 - Hey, we have money! Lots & lots of it waiting to be had. Just give me your name, contact number and bank account number and we'll sent you a few million US$ after a few simple procedures.
9. Unionism - Well, the population is around 130 million. Let's just say 10% belongs to labor unions by one name or another. Cheat on taxes if you must, just don't even think of skimping on the union dues.
10. Government Contracts - Isn't it about time that all Nigerians get a national ID? Just give me the contract money...I might even put a little to work, if I am in a good mood of course.
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101. Doing an honest day of hard work.

Answer 3

there many thing youn can do to make money in nigeria just like other rest of the world.

can anyone tell me where there is no frudster (419 as they were called here).

yes there ligimate small, medium and large scales business that you can do to make money, so also buying shares either public offers or at the trading place to make money.

but i will not negelct the fact that there are some illigitimate too in which people engage themself to make ends meet.

but i tell you there are good business here that you can do to make money

Answer 4

The comments by mjdoko is interesting. He obviously knows the country better than me.

As an outsider, to me the biggest industry still seems oil. Most of oil operations are run by foreign companies, but I am sure that your gvernment will increase pressure to employe MORE nationals. Qualify yourself in any of the fields needed by the oil companies, and get a foot in the door.

Answer 5

Working hard and/or doing 419

Answer 6

Barter trade,oranges,pineapple,banana(plantain) and cacao.I just sold several truckloads.

Answer 7

1) Oil
2) Coffee
3) Email fraud

Answer 8

By working hard.

Answer 9

sell bikes

Answer 10

by acting and been creative