A Nigerian man sparks a flurry of responses from online users as he seeks advice on potential profitable business ventures to invest his N1.5 million in.
With a strong desire to make a prudent investment that could yield substantial income, he turned to social media for insights and sought the assistance of influencer @jon_d_doe on X to help identify a suitable business opportunity, emphasizing the importance of avoiding any potential wastage of his funds.
Business ideas from netizens to invest N1.5M
A_usti suggested: "Lease land. Learn an Agric skill. Do your research. I suggest cash crops. Start small. Thank me later."
Emmanuel proposed: "If you want a daily income business that you can do from any location, then learn the digital skill OTC TRADING. It’s a low-risk but rewarding business model that you grasp in a very short period of time. If you want medium-long term investments, invest in Nigeria stock market."
Keymanh_ with a unique suggestion: "Use it to buy fuel at the current price. Drive into a very thick Bush. Build a shade and house it there. That money will triple before March 2024."
arike_jane advised: "There are lucrative businesses you can do and yield profit. Business like palm oil, Grain storage, Drinks business. If you have a land you are not using, you can build a small place and go into pig farming; the business is very lucrative, talking from experience."
seundavidpaul shared strategic insights: "First lock the money down in your account for a short term to yield interest. Secondly, study your immediate environment to know the needs the people are lacking or scarce. Once you discover it/them, devise how to proffer solutions to that by making such available or more available to them. Make your business very customer-friendly. Make sure the prices for the goods/services you are about to offer have little or no difference from other places. Finally, don’t expect much profit for some time, keep going and networking, there will be a great difference after later."
Jussblaze9 provided a specific idea: "As of early November, a bag of sesame seed was 65k. Now it is 130k. You would have doubled that cash. Palm oil season is coming. Buy, store & sell later; you will make about a 70% gain. Then buy groundnut & continue the circle; you will blow in a few years. This is just a tip of the iceberg."
