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Nairaland Forum / Nairaland / General / Business / What Business Can I Invest With 5 Million Naira In Lagos? (1177 Views)
Which Business Can I Invest With N350K To Make N10K Profits Daily? / Woman Saves One Million Naira In Piggy Bank / What Business Can I Start With 1 Million Naira? (2) (3) (4)
Re: What Business Can I Invest With 5 Million Naira In Lagos? by Ugonofure1: 7:20pm On Apr 21 |
ProjectsCityNG: I don't want that idea of that your first proposal, I need where I can go to within 30 minutes and not traveling to meet you, I don't want that. Imo is so far away, |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by ProjectsCityNG: 7:24pm On Apr 21 |
Ugonofure1: Btw, I am a full bred Lagosian. I never told you I was living in Imo State. All can be done on phone. It will sell in any State. This is 2024, who travels to meet anyone. I have even developed it on my notepad already as I type. 1 Like |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by bluefilm: 7:31pm On Apr 21 |
ForensikOrder: Thanks for this wonderful insight |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by OneClan: 8:57pm On Apr 21 |
Ugonofure1: Sincerely it isn't you can check the site it's an MVP I have been working on it for a while. But you are free to your opinion. Just trying to meet some requirements before applying for preseed from platforms like baobabnetwork and Antler Co. Primarily revenue will be generated from contests, posting of contents, google adsense and subscription for blue tick. Already in the process of registering a new company for it Check out the screenshots below
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Re: What Business Can I Invest With 5 Million Naira In Lagos? by seoxpert(m): 9:55pm On Apr 21 |
First, you have to really check what area works best for you. With 5 million Naira, you have various investment options in Lagos, depending on your risk tolerance, expertise, and desired returns. Here are some ideas: 1. Real Estate: Consider investing in residential or commercial properties in high-demand areas. You can buy land, develop properties, or buy existing properties for rental income or resale. 2. Retail Business: Start a retail business, such as a boutique, grocery store, or electronics shop. Location and target market research are crucial for success. 3. Food Business: Open a restaurant, fast food joint, or catering service. Food businesses can be profitable, especially in busy areas. 4. E-commerce: Invest in an online store selling products that are in demand. You can also consider dropshipping or affiliate marketing. 5. Tech Startup: Invest in a technology startup. Lagos has a growing tech ecosystem with opportunities in fintech, e-commerce, and software development. 6. Agribusiness: Start an agricultural venture, such as poultry farming, fish farming, or vegetable farming. Lagos has a large population that needs food products. 7. Education: Invest in an educational institution, such as a school, tutorial center, or vocational training center. Education is always in demand. 8. Transportation: Start a transportation business, such as a car rental service, taxi service, or logistics company. Lagos has a high demand for transportation services. Before investing, conduct thorough market research, create a detailed business plan, and consider seeking advice from business experts or consultants. |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by SavageResponse(m): 3:35pm On Apr 22 |
ProjectsCityNG: So if you were the one who has 5million to invest will you invest it in the business of a person you have never met before and without doing any physical due diligence but just based on a telephone conversation...in this Nigeria?!!! |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by yemmit90: 4:38pm On Apr 22 |
Ugonofure1: To be honest with you, the current economy did not favour any business, we are all just pushing it for better days. Nothing better than providing services for people to get pay these days. But if you must do business, you can consider one of the following; 1. Go and rent a small store and start selling wholesale drinks and bottle watter. 2. Buy land at fairly good location and sell after a year or 2. 3. If you can do transport busines by yourself, you can get a mini bus. In all you do, avoid any business that will require electricity or generator, a product that can spoil so easily or always put you at the mercy of buyers. 2 Likes |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by Ugonofure1: 8:20pm On Apr 22 |
yemmit90: Thanks and I appreciate |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by ProjectsCityNG: 4:27am On Apr 24 |
SavageResponse: Get lost |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by Dreamhigh2016(m): 6:21am On Apr 24 |
In today’s fast-paced and competitive tech job market, it’s not just about learning any tech skill that comes to mind, it’s about determining the demand of whatever skills you want to learn: here are the top tech skills to learn this year: https://www.youtube.com/watch?v=pE8KTw8-Bic?si=8w_PejhIQUXvcI7l |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by SavageResponse(m): 7:22pm On Apr 24 |
ProjectsCityNG: I know say e go pain you because una no dey like hear truth Useless money doubler. I dare you to reply this mention so I will have an excuse to use you to wipe the floor! |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by ProjectsCityNG: 7:49pm On Apr 24 |
SavageResponse: Cry me a river. Na me own you, ozwor |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by SavageResponse(m): 2:44pm On Apr 26 |
ProjectsCityNG: I now have time for you ProjectsCityNG alias Wodu89, alias Wujio alias alias Zwook alias FarmPlanetNG etc and I will strip you bare for the whole world to see! |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by slimdel91: 10:31pm On Apr 26 |
If you can go into distribution of FMCG. I just got a job with a Chinese coy at lekki free zone as a salesman, our company product detergent, liquid soap, groundnut oil, facial makeup. With 5-10m you can get a distributorship, then get a mini warehouse at Lagos Island Market. FMCG business profit margin is not much but turnover and incentives& commissions from the production company are huge. |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by Rayjaymay(m): 2:07am On Apr 27 |
Be a broker agent by exporting Agricultural products to Asia Country most especially Dubai. I can put you through if you are interested and also connect you with some buyers at the moment. |
Re: What Business Can I Invest With 5 Million Naira In Lagos? by AImoneyAdder: 3:49am On Apr 27 |
Ugonofure1: If You Are Looking into Offline Business That Will Give You Instant Profits On A Weekly Basis Which You Can Gradually Scale Up; Then Go into Garri Production By Setting Up A Garri Factory. Garri is Hot Cake Now. With Less Than 3 Million Naira; You Have A Complete Garri Mill Setup. This is What I've Personally Setup For Myself in Cross River State. Purchase Your Cassava Tubers from neighbouring Farmers in The West; Process Them into Yellow Garri, And Sell For Profits. You'll Need Workers For This. This is A Game of Steady Weekly Income Generation. The Machines Needed May Be Very Expensive To Fabricate in Lagos; So - It Could Be Wiser To Buy From Cross River State Where Mini-Cassava Grating Machines And Other Necessary Equipments Are The Cheapest in Nigeria. Point 2: If You Are Looking For A Business That Will Not Stress You; Then Go into Palm Oil Milling, Merchandise And Storage. You'll Be Glad That You Did. Nearly Everyone Consume Garri And Palm Oil. If You Need Professional Consultation On This As These are The Businesses That I Do Offline; Then - You Can Enrol For Some Consultations. There Are Loads of Opportunities For You To Satisfy The Food Desires of People Especially in Lagos As A Producer. 1 Like 2 Shares
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