As an entrepreneur what comes to your mind is how and where to invest money in Nigeria with little capital. in our today post i will make sure i expose you to many business opportunities you can invest you small capital on. your opinion on the comment section will highly be accepted.
We will start with the investment opportunities for those who have little capital but still want to make an investment to get income.
Save and invest with a bank
Every bank gives a possibility to create a savings account that allows to save and spend less. This is quite an attractive way to invest your money under the condition that your bank is reliable. Most African banks help entrepreneurs, employees, students, and others to save money paying them 10-15% annual interest. To start making money on savings from the bank you chose, create your account at your bank’s website, enter your bank details, and add a bank card. You will start earning the very same moment you create an account, and the whole process takes place online. So, you don’t have to make a visit to the bank.
Investing into FGN Savings Bonds
The FGN “the Federal Government of Nigeria” offers to Nigerians a great investment opportunity called Savings Bonds. This investment programme is known to significantly contribute to the national growth of the country. By lending money to the government, average Nigerians are able to make money by earning interest on savings.
When investing into the Federal Government of Nigeria Savings Bonds, you are allowed to invest N5,000 to N50,000,000 for 2 to 20 years. Note that the interest rate depends on the time frame you choose and it is paid twice a year.
The FGN savings bonds interest can reach up to 13% which is even more than interest in a Nigerian commercial bank. In addition, this investment is tax-free, and the money you save can be used as collateral if you need to get a loan from another commercial bank.
It is known that cryptocurrency is one of the biggest and riskiest investment opportunities in Nigeria and around the world. The good thing about cryptocurrency is that you can make quick money if you know how the system works.
Buying cryptocurrencies like Bitcoin, Ethereum, Litecoin, Altcoin, XRP, and others is a high yield investment opportunity to use if you have already got some extra cash.
Make sure you contact a professional who can give you a hand with getting a proper knowledge of blockchain and cryptocurrencies.
We welcome your comments, questions, corrections and additional information relating to this article. Your comments may take some time to appear. Please be aware that off-topic comments will be deleted.