Securing your future and increasing your income streams is dependent on taking advantage of your market environment and making creative investment decisions. The Nigerian Market is one blessed with limitless possibilities and numerous safe investment opportunities that guarantee high returns. However, this opportunities are visible only to the keen and discerning eyes, this is why some may ask the question “What can I Invest on in Nigeria?”.
Satisfactorily answering this question requires an understanding of Nigeria and the Nigerian people. Being the most populous nation in Africa, with a population of 225 million and a vast land mass of up to 923, 769 square kilometers, Nigeria possesses an immense potential with the necessary human and material resources that can host and prosper any business venture, especially when the right tools are utilized.
Wealth creation is attainable even with meager capital. This is because the available investment opportunities in Nigeria are largely driven by the several elements that form the backbone of the Nigerian market. These elements are accessible to people from all works of life and they hinge majorly on the strength of the population, arable lands, mineral resources, and the resilient spirit of the Nigerian people.
The best way to take advantage of these elements is by investing in several sectors and this article hopes to show us these lucrative sectors that fully point out the most profitable investment opportunities that will make your money work for you in Nigeria.
Let’s dive in!!!
Top 3 Investment Opportunities in Nigeria
First on the list are stocks. Investing in stocks is one of the vital ways to make your money work for you. The stock market yearly produces generous results for investors brave enough to take advantage of the opportunities available.
Unlike other markets the Nigerian Stock Exchange market is highly regulated creating a safer and more stable environment for investors. To start investing all you need to do is follow three simple steps which include:
• Investigate and Select a Preferred Stock Broker
• Sign up with your preferred stockbroker
• Start trading after you have funded your account.
In Nigeria, several leading companies such as MTN Nigeria, Dangote Cement, FBN holdings, etc. are known to give good returns.
2. Real Estate
No other investment opportunity perfectly answers the What Can I Invest in Nigeria question better than real estate. Depending on the type of property acquired, real estate investors can generate a steady income flow through property appreciation and rental income flow.
Undoubtedly, Lagos is one of the major hotspots for property acquisition in Nigeria. Labeled as the financial, cultural, and entertainment capital of Africa, Lagos exerts a major influence on commerce, technology, education arts, and politics in Nigeria.
Indeed, Lagos is the place to invest, when you are considering investing in real estate in Nigeria. Top-quality properties are available, at an affordable price, and with innovative schemes like the rent-to-own scheme by Casafina Development, holding a stake in the Lagos Real estate market has become easier.
Several corporate bodies and private investors are keying into the goldmine of real estate, and statistics have shown that as of 2019, enquiries on property listings surged to 72%. Also, between 2019 and 2021, land prices have increased by a 22% to 63% range. This appreciation will maintain a steady rise, hence now is the time to stake your claim in a constantly growing market.
Unlike stocks and real estate, Agriculture remains a more accessible market regardless of your financial standing. Whether you have massive or minimal funds, there is always something to start up within Agriculture.
With as little as a six-figure budget, you can set up a personal livestock farming unit capable of yielding double the sum, invested in the venture. Various types of livestock farming include poultry farming, fish farming, rabbit farming, snail farming, and cattle farming.
With a stronger financial standing, you can choose to go for the exportation of top-selling agricultural products in Nigeria such as Sesamum Seeds, Cocoa Beans, Cashew Nuts, Ginger, Cocoa Butter Etc. Each of these agricultural products contributed to a revenue of about 82.3 Billion Naira in the year 2019 in Nigeria.
It is important to note that there is no investment opportunity that is totally free of risk but it is always advisable to observe working, tested, and trusted investment patterns that have yielded positive results over the years. Investing in stocks, real estate, and agriculture remains the way to go even in 2022.