With the Outbreak of Covid-19 pandemic and with increased rate of poverty especially in Africa, you cannot depend on one source of income.
Joggling different jobs is good, but investing your money is better, because investment simply put is making your money work for you.
Now that you are informed about investment, are you caught in between the web of ascertaining where to invest your money?
With a variety of investment opportunities in Nigeria, you are just one step from growing more wealth. What are some investment opportunities to look out for in Nigeria? Check them out below:
1. Bank Investments
It is almost impossible to discuss investment opportunities in Nigeria without referring to bank wavings.
Potentially, each bank has a savings or investment platform open to her customers to encourage reliability.
If you are looking to grow wealth, you might consider bank investments. Some of these banks offer between 10 and 15% annual interest.
2. Cryptocurrency and Blockchain Investments
Cryptocurrency is acknowledged as one of the biggest and riskiest investment opportunities in Nigeria. Beyond Nigeria, cryptocurrency is driving the financial technology and digital transaction space.
Buying cryptocurrencies such as Bitcoin, Litecoin, and the rest is a rewarding investment opportunity to consider all you have extra cash. Simply read more about all you need to know about investing in bitcoin.If you already know how cryptocurrency works, that’s remarkable.
Read Also: What You Should Know About Cryptocurrency
If you do not, however, it is recommended you consult a professional. Note that it is very risky, as you can loose all your money but it can pay very handsomely, if you know your way around it.
3. Real Estate Investments
Investing in Real Estate in Nigeria has proven to be one of the best investment opportunities in Nigeria over time. To successfully sail through this, however, you must possess high capital.
Several Nigerians face accommodation issues. Tapping into this pain point provides an array of options available in real estate. You could consider leasing out for commercial purposes like conferences, seminars, and public functions.
Investing in real estate, especially in commercial parts of the country, attracts high returns.
4. Agriculture and Livestock Investments
The agriculture industry is integral to the growth and development of the Nigerian economy. In fact, you wouldn’t be very far from being right if you considered this the best investment in Nigeria.
In a bid to diversify, the government is making conscious efforts at resuscitating the industry – hence, the attraction for investors.
Read Also: How to Join the N50bn Cashew Nuts Market
If you are not interested in direct farming, you can invest in a company that makes its profit on livestock farming. You can also check out some farming investments in Nigeria.
5. Bonds and Stocks Investments
Investment in bonds provides a different perspective from private and commercial operations.
The Federal Government is responsible for introducing investment opportunities to Nigerians. For FGN Bonds, the interest rate is usually as juicy as 13% – which makes it a relatively better option against private investments.
There is a myriad of investment opportunities in Nigeria to explore. Some of these include the Oil and Gas sector, Transportation, Logistics, and the likes.
However, ensure that before you make the big move, weigh your investment options before making resolutions.
Culled from InvestSmall