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5 Best Ways to Invest Money in Nigeria and how to Invest

See the 5 Best Ways to Invest Money in Nigeria and how to Invest. These the agricultural sector, entrepreneurship, stock market, government securities, export, and many others.

Nigeria has a population of over 180 million people who are predominantly youths, but she cannot provide employment for citizens who are eager to work.

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Citizens must be clever to find top ways to invest money in Nigeria or remain unemployed.

There are many ways to make money in Nigeria but the following are some of the best ways to invest money in Nigeria.

This post will give you information you can use to start earning money immediately in the above listed sectors of the Nigerian Economy, if you are willing to take action and do a little more research.

By the end of this article, you will have five (5) solid ways; you can invest your money in the sectors we are focusing on.

Let us begin…

5 Best Ways to Invest Money in Nigeria and how to Invest

5 Best Ways to Invest Money in Nigeria and how to Invest

1) The Agricultural Sector

The present government is placing emphasis, on the development of the agricultural sector to create wealth for citizens.

Hence, it has taken steps to make Nigeria self sufficient in food production.

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Look at the agric sector and pick a crop to cultivate, an animal to breed or something to supply to the sector. For example, you can supply animal feed or equipment to farmers.

Allow your imagination to soar.

Imagine, 180 million Nigerians spending N200 on two meals per day. This will amount to a whopping N36 billion naira daily, spent on food alone.

Ask yourself this question “how much of this money is coming to you.” To answer that, pick a product and start selling to fellow Nigerians to earn your share of that money. It is as simple as that.

To stop the importation of that specie of slim pineapple from the Republic of Benin, you can start a pineapple farm.

All you need to do is research it on the internet, and start small and then scale up as you gain experience.

Apart from agric, you can invest in the following areas. They are, shelter, clothing, transport, shoes, toothbrush, cosmetics, the list is endless.

Read Also: 5 Roles of Agriculture in Nigeria’s Economy

2) Entrepreneurship

Look at items in the Central Bank of Nigeria list of goods banned from the official foreign exchange (FX) window, and become the local maker of those products.

For example, toothpick is in that list. If you become the local manufacturer, you have a ready market that will buy from you.

Second, the imported product will not sell more than yours because of importers failure to get FX from the official market. Even if they buy FX at high cost from the black market, it will make their product expensive.

Third, Bank of Industry will be ready to give credit to you to expand as long as you have a good business plan, and use your equipment as collateral.

Read More: How to Start a Business in Nigeria

3) Invest in the Stock Market

An investment in the Nigerian Stock market usually beats inflation. If this is not the best way to invest money in Nigeria, show me other ways that can crush inflation.

Beating inflation means your money will not reduce in value due to inflation.

Stockbrokers are agents of investors who buy and sell, shares of companies listed for trading on the Nigerian Stock Exchange.

The risk and reward for investing in stocks are high. When you invest in stocks, you earn income from dividend, bonus shares, and price appreciation.

Dividend is payment of an approved portion of a company’s annual profit, to the size of a shareholders holding.

A bonus share is payment by extra share in proportion to your shareholding in a company.

If there is an increase in the price of a share from say N10 to N15, the difference is the price appreciation.

You can invest in the market with a long or a short-term view.

A short-term investor takes profit from the market, if the current market price is more than the price; he or she bought the shares.

A long term, investor waits for a long time possibly to get dividend, bonus shares and price appreciation on the shares.

Read More: 7 Steps To Buy Stocks In the Nigeria Stock Market

4) Government Security

Investing in Government security is a no risk investment that you can take on if you have very low risk appetite.

No risk means your principal and the interest is safe.

There are two types of government securities you can invest your money. They are treasury bills and bonds.

Buying treasury bills and bonds are some of the best ways to invest money in Nigeria today. See why.

a) Treasury bills: Treasury bills are debt instruments, which the government issues through CBN every two weeks. This is the primary market. The bill has an interest rate and a true yield. If you sell before maturity, you lose the true yield.

It has three terms. The long-term bill is 364 days while short-term bills are 91 and 182 days.

You can invest a minimum of N1,000.00 and multiples of N1,000.00.

Outside the primary auction by CBN, you can invest using an authorized dealer commercial bank or investment bank. This is the secondary market.

For example, if you invest N100,000 for 364 days with a discount rate of 15% per annum, you will receive interest upfront. CBN will debit your account with N85,000 through your bank less the discount of N15,000.

You are free to invest this N15,000 upfront interests in a new venture, and when the term of the bill ends, you will receive the principal of N100,000.

Read Also: Diversifying investment portfolio-The way to go in the face of current realities

b) Bonds: Bonds are loan instruments companies or governments issue to borrow money with a term of over one-year.

You can invest a minimum of N10,000.00 and sell the security at a discount before it expires.

Debt Management Office of Nigeria conducts auctions every month end. This is the primary market, so you can invest at this auction through dealers.

You can buy from commercial banks and investment banks who are the registered dealers at the bond market in the Nigerian Stock Exchange, or from over the counter sellers, at anytime. This is the secondary market.

The interest rate of the bond is either floating or fixed coupon, but payable on a definite date in future. The borrower guarantees the payment of interest or coupon twice a year, for example in June and December.

When the term of the bond expires, you will receive payment of the principal.

Make enquiries from your stockbroker and Bankers and begin investing today.

Read Also: 4 Best Investment Plans for Retirement

5) Export

Nigeria has 34 solid minerals such as Gold, Zinc, Lead, Mica, Bitumen, Iron-ore, and Limestone to mention but a few, spread in various parts of the country.

Nigeria’s soil is fertile and produces many agricultural products such as yam, cassava, groundnut, shea nuts, cashew, cocoa, ginger, gum arabic etc.

Opportunities in the Export Sector

One of the best ways to invest money in Nigeria, is to earn foreign exchange. The export sector gives you this golden chance to do so. Let us find out how you can do this.

You can export services, commodities, or solid minerals. See the following opportunities and take advantage of one.

A) Export of Services

Export of services can become one of the best ways to invest money in Nigeria, if you open your mind to the opportunities there.

Services are subtle activities, which you the maker or seller exchanges with a buyer or user. You sell to international customers.

Citizens can export services such as information communication technology, financial products, health expertise, translators, music, professional services such as accounting, bookkeeping, law, management consulting etc.

How You Export Services

You can divide export of services into four types. They are cross border, consumption abroad, commercial presence, and presence of natural persons.

For cross border service, the exporter sells service to the customer but stays in his or her own country e.g. consulting and marketing services.

For consumption abroad, the customer (importer) travels to the exporter’s country to enjoy the service e.g. health services, tourism, and training.

For commercial presence, the exporter sets up an office in the customer’s country. For example, Nigerian banks setting up branches in Ghana.

In the case of presence of natural persons, the exporter travels to the customer’s country to provide the service. For instance, to do training, and in sports a ready example is Nigerian footballers playing in London.

B) Opportunities in Commodity and Solid Minerals Export

There are many opportunities in the export of commodity and solid minerals. You can become a commodity farmer, local buying agent, commodity merchant, sales agent, or an exporter.

Read More: How to Export Goods from Nigeria to other countries

Let us see how you can seize the opportunities in these areas.

1. Commodity farmers

Commodity farmers are individuals and cooperative farmers, who cultivate agricultural commodities and sell their harvests to local buying agents.

2. Local Buying Agents

These small-scale buyers travel to villages to buy agric commodities from farmers in their farms, or local commodity markets for resale to commodity merchants.

3. Commodity Merchants

Commodity Merchants are big agric commodities buyers who are located in major cities, and buy from local buying agents.

They have warehouses and equipment for checking quality of products. They process and sell good products to indigenous industries and exporters.

4. Commodity Sales Agents

Commodity Sales Agents stay in the cities and serve exporters.

Exporters hire them on contract and pay them in full or partly, to buy commodities from local buying agents and commodity merchants, for delivery to the exporter’s location or warehouse.

5. Exporter

If you wish to start exporting, you have to choose whether to export solid minerals or agro commodities. Your choice could turn out to be one of the best ways to invest money in Nigeria, if you handle your business with skill and wisdom.

If you choose to export, either agro commodity or solid mineral, get a contract from a buyer, obtain product from commodity merchants or commodity sales agents, and then ship product to the buyer’s country to earn foreign exchange.

However, to begin the business you must register a limited labiality company, get an export license from Nigerian Export Promotion Council, and open current and domiciliary accounts with a bank and then plan your export process.

Presently, you know the different ways you can benefit from the export sector, the ball is in your court.


The best ways to invest money in Nigeria is not a secret anymore. You could be a farmer, an entrepreneur, investor in stocks or government securities or choose to operate in the export sector.

The defining factor is in your ability to take the knowledge you have acquired from this article, do more research, and start any of the businesses without further delay.

Now that you know what to do you have no excuse. Take action and make the year a very rewarding one, as you start your own business.

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Victor Usifo

He is a Writer, Speaker, Life Coach, Blogger with a passion for personal development. Hobbies includes: Reading, Writing and Research. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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