Country Hard: Ways to make money with little or no Capital in Nigeria

Eric Patrick

The subsidy removal on petrol and the harmonisation of the exchange rates is fueling untold hardship for Nigerians.

Millions of Nigerians now hardly provide three square meals for themselves and their families due to the country’s tremulous economy.

The hike of commodities in Nigeria is alarming as many are beginning to relocate to another country while those who can not afford the colossal amount to travel out remain to wallow in the hands of the failed leaders hoping and praying for better days.

Investing in Mutual Funds: “Take your money and put it in a mutual fund. They can pay you every quarter, you just need to give them 24 hours’ notice when you want to withdraw your money,” he stated.

Confiance News, however, gathered that the maturity period is dependent on the period agreed by both parties. The maturity period of the investment could be quarterly or annually.

Auto-blogging: You could set up a blog and program it in such a way that articles will be written for you using plug-ins and Artificial Intelligence (AI). Subsequently, you may apply for Google Adsense and start getting paid for ads places by Google on your blog.

Auto pilot YouTube channel: “There are certain YouTube channels you can do auto pilot. The requirement for you to get paid is 1000 subscribers and 4000 watch hour. It can begin to bring money to you.

Writing books and selling them on Amazon: The financial intelligence expert also talked about making through books.

“You need to write thousands of books. There are books that you don’t write, yet they make you money on Amazon,” he disclosed. He added that you can write books through banko.ai and upload on Amazon.

Car wash business: One can make money by setting up a car wash business, which he categorized as cashflow business.

“You can decide to set-up a car wash business. You can decide to partner with a filling station. You can decide to set up a shop there so that when people come to wash their cars they will buy drinks and snacks from your store. You do not necessarily need to pay the workers salary.

You simply get the space and the equipment, then arrange with guys that will do the washing on a certain percentage from each of the payment made on the washed cars and ask them to give you the rest. It could be shared at a 30-70 percent basis. You can also add other businesses such as the Point Of Sales (POS) and make money from that too.

Barbing saloon business: Another cashflow business is setting up a barbing saloon. You don’t have to pay salaries. You simply agree with the barbers to remit a certain amount to you weekly or monthly while they keep the remaining. That way, they are compelled to work.

Relaxation business with gaming facilities: You can make money by setting up a relaxation business and gaming facilities, so that as people come to relax they can also play games.

Transportation business: Nigeria is blessed with agricultural produce. Most of the produce needs to be conveyed to the market or conveyed from the market to the stalls of the retailers. You can get a truck to do that for the traders and get paid. For instance, in Lagos State, southwestern Nigeria, there are markets notable for food stuff and other agricultural products.

Mile 12 market, Iddo market, Oyingbo market could be your best bet if you are thinking of investing in this segment of transportation business.

“You can decide to get a van and attach yourself to any of the markets around. There are many markets around. When the economy is this way you can run this kind of business,” Dr. Successful Sanmi disclosed.

Buying Of Landed Property— you don’t need a huge amount. What you need is courage. You can buy a property by paying in installments.