The greatest investment formula in Nigeria that yields maximum ROI
Posted In: Business/Investment
The following ideas can help you to make real fortune if you study the field thoroughly.
1. Real estate
Compared to other ways of investing money in Nigeria in 2019, investing in real estate is one of the most profitable investment ideas, but it requires possessing high capital.
Buying properties in Nigeria is one of the surest investments one can make because Nigeria is a developing country and no matter what happens, people would need a house to live in.
When investing in real estate, it is crucial to take into account which city or town the property you are going to buy is located. If you want to get a quick and high return on the property investment, you may consider major cities like Lagos, Abuja, Port Harcourt or cities like Delta, Onitsha, Ogun, Enugu.
After you buy the land, wait for a while and start selling it.
If you’re not someone who wants to invest in physical real estate, you can always buy Real Estate Investment Trusts, or REITs such as Fundraise.com and RealityMogul which allows you to take advantage of the upsides of the real estate market without been a landlord.
Agriculture in Nigeria still remains one of the sectors that gave birth to the whole set of millionaires. Given the fact that the government continues to drive agriculture in order to diversify the economy, it is an attractive area for investors. Besides, most people on the African continent lives in rural areas, so African countries will keep a finger on the pulse of the agricultural sector.
This is a profitable investment that captures not just a community but the universe because the people just need to consume food. This aspect of investment can not be over-looked since Agriculture is life
Even If you are not interested in direct farming, you can cooperate with a company that makes its profit on farming and always ember to do an investigation of the organisation you are planning to invest in to avoid being shortchanged or scammed
3. Haulage and logistics business:
Opportunities in this field is very lucrative and mouth watering.
Haulage means the transportation of goods from one part of the country to the other.
Haulage services is rendered using vehicles that is capable of lifting much quantity of goods at a time. Such vehicles are: tankers, trailers, cranes, tippers, trucks, etc.
Statistics reveals that the demand for trucking and haulage will double across Africa within the next 10 years. This will be a direct consequence of increased economic and commercial activities everywhere on the continent.
The opportunities in trucking and haulage are as huge as there are several opportunities in this market.
Manufacturers need to get raw materials to the factories and finished goods to the market; importers and exporters need to get their goods to the warehouses and ports respectively.
Farmers need to move their crops, livestock, feed, fertilisers and equipment from the farm to market and vice versa.
Builders need to lift a lot of sand, stone, cement and other building materials to construction site.
There is a huge need to move heavy stuff from place to place and trucking remains the only viable way to get this done.
In the face of all these opportunities, expectedly, the trucking and haulage business has attracted a lot of participants. In Nigeria and South Africa alone, more than 7,000 businesses are registered as truckers and haulage service providers.
4. Importation Of Used Cloth – Tokunbo market in Nigeria is very big and many people prefer to buy used items that are high quality than buy fakes.The cost of buying and importing used cloths is low compared to the prices in the market here in Nigeria, guarantying good turn over on investment.
5. Sale of Furniture – Buying and selling of Locally make furniture is a goldmine. You don’t need to be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. It is a very big business in Nigeria as only few can afford the imported designers.
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