In the past few years, because of the difficulty faced and also the bad shape of the economy, Nigerians have become notorious for investing in get-rich-quick schemes which have cost the economy billions, right from the times of MMM. The good news, however, is that there are many investments with monthly returns in Nigeria that people can put their money and or effort into.
With the vast number of investment opportunities in the country, many have been rather confused on which business to invest in that will give the maximum monthly returns. Some have tried several businesses, with no significant headway, others have lost their capitals after venturing into the wrong businesses, while others have fallen victims to fraudsters who often promise double returns on investments.
If you have an interest in venturing into a lucrative business with high monthly returns, this article will be your perfect guide, as we have carefully put together the top 10 businesses with high monthly returns in Nigeria.
Best Investments With Monthly Returns In Nigeria
1. Online business, blogging/ YouTube content creation
Making money has never been this in Nigeria with the emergence of online business. Online business has been a reliable source of income for many people. There are several ways you can earn reasonably with online business such as vlogging, blogging, affiliate marketing, and lots more. Below are a few ways you can actually monetize your blog and start earning:
- Copywriting
- Blogging
- content marketing
- Sales of online course
Similarly, it is possible to make significant income from YouTube as a content Creator, but then, it is not the easiest either, as there are over 400 hours of video uploads are being made on YouTube every single minute across the globe.
2. Taxify Business Bolt/Uber
Another trending business that guarantees you a high monthly return in Nigeria is online transport businesses such as Uber and Bolt services.
Uber is a platform that connects those looking for a ride with riders. The goal is to make transportation easy and convenient for people. The company uses real-time tracking to make transportation easy. If you are looking for a ride, all you have to do is download the Uber app, request a ride and it will instantly match you with a driver close to you.
Uber is considered one of the most lucrative businesses in Nigeria as it pretty much gets new drivers signing up on a weekly basis. There’s a rough estimate from some sources that an Uber driver can make at least ₦300,000 a month. That means about ₦10,000 a day if they work daily or ₦14,000 naira if they work five days a week. Your income depends on your state as the demand is higher in some states such as Abuja, Lagos, Rivers, and others.
3. Freelancing
One great opportunity that Nigerians are missing is freelancing on online platforms such as Fiverr where you can offer your services to people across the world. If you have a talent for things such as writing, logo making, programming, animation, or any other thing, you can monetize it on various freelancing platforms and you will get what you make sent to you monthly.
While many people accept tasks they can handle, others serve as middlemen who accept tasks and give them to others online or offline and then they submit before the deadline. Among the investments with monthly returns in Nigeria, this may be the most convenient.
4. Bank and POS Agent
It is incontestable that the Point of Sales (POS) business in Nigeria is here to stay at least for a while. Since the beginning of its spread in Nigeria in 2013 after the Central Bank of Nigeria (CBN) introduced the agent banking system in 2013, the business has been growing in leaps and bounds.
Long queues and poor network services at Automated Teller Machines (ATMs) have encouraged many customers to find alternative ways of receiving money or performing transactions. Asides from this, it also helps consumers withdraw money with ease when the nearest ATMs are far away.
Today, many investors have ventured into this business to the extent that there are no streets in most cities where one would not find more than two POS points. This goes to show that the business is indeed lucrative and it can offer good monthly returns.
5. Agric/ Food Business
Agric business is one of the surest investments one could make in Nigeria to get high monthly returns. Agriculture is said to be the backbone of our society. Without it, no society will survive.
Agribusiness investments in Nigeria appear to be more attractive, thanks to the emergence of agric investment apps and groups. This has seen a sharp increase in the number of investors who are plugging their capital into the agricultural sector.
In contemporary times the agribusiness investments in Nigeria now open up a whole new set of options that makes it possible for anyone to actively invest in Agriculture without necessarily visiting a farm. You can look for some great Agro-based crowdfunding platforms where you can invest and make some good returns.
6. Affiliate marketing is one of the best investments with monthly returns in Nigeria
We consider affiliate marketing to be one of the easiest and most convenient investments with monthly returns in Nigeria. This is because of the high use of social media like never before. If you have huge followership on Facebook, Twitter, and Instagram as well as a large contact on your phone which makes many people always view your status, you may decide to get involved in affiliate marketing.
By this, you will promote certain products and once people get to buy through you, you will be paid a certain percentage as commission. If you are very dedicated and you are able to find the best goods and deals for people, you will end up making good monthly returns. Affiliate marketing covers everything from shoes to clothes, and even gadgets.
7. Mini-Importation
Nigerians are known for their high taste for foreign goods and services, as they can go to any length to purchase quality foreign products. This is what has made mini importation into a big business investment in the country.
Mini importation does not necessarily mean small importation. It all depends on the size of your pocket. You can import products as high as 10 million and resell them to make over 200% profits. At the same, you can buy products as low as 10,000 and make profits of over 50,000, to say the least. The mini importation business is one that you should invest in if are keen to get a monthly income.
8. Bonds and Stocks Investments
Investing in Federal government bonds and company stocks is such a secure kind of investment one could ever explore. Normally, for FGN Bonds, the interest rate is usually as juicy as 13% – which makes it a relatively better option against private investments.
Nevertheless, you could also invest in stocks from reliable companies to get high-paying dividend shares. Dividends are payments that companies make to their shareholders (usually every quarter), as a sign of appreciation for investing and holding their stock. Surely, your investments would be in safe hands with Federal government bonds or company stocks.
See Also: Bet9ja Shop – Requirements To Start And How To Make Money From It
9. Fashion business
The Nigerian fashion industry is very vast with enormous opportunities. As a fashion business owner, you don’t have to earn money only from selling the clothing you produce. You can also add more revenue streams to your fashion business by exploring the options of selling materials in wholesale.
More so, without having to have an idea on how to make wears and shoes, you can create a market by getting great tailors and shoemakers. You can give them outsource jobs to them and have it with your own brand. This is a great way of making money in Nigeria.
10. Haulage and Delivery Business
Another high-paying investment that many people are less aware of in Nigeria is the haulage business. Haulage means the transportation of goods from one part of the country to the other. Haulage services are rendered using vehicles that are capable of lifting much quantity of goods at a time. Such vehicles are cranes, trailers, tankers, trailers, trucks, and so on.
Some of the products that can be transported through haulage services are Petroleum products such as Kerosene, Liquefied Natural Gas, Premium Motor Spirit, Engine Oil, Diesel, and any containers, goods, and lots more.
The haulage business depends on what materials are being transported. You can look into the transportation of natural resources such as limestone, laterite, iron ore, etc. These natural resources are in demand by big manufacturing companies and are sure to yield your profits, even monthly. All you will need is a contract with a producer to transport the goods and the other equipment such as a truck.
One of the tricks of cashing out real big from the haulage business without stress is through leasing services. This is the aspect some investors find more convenient, as all you need to do is to acquire the trucks, starting from one to as many as you can afford. Get a reputable haulage company that will manage it and pays you monthly revenue per truck.
With this, you have no stress of managing the truck, no drivers troubles, no fueling cost; just get your money at the end of the month. Imagine you have 10 40ft truck under good management that pays you N200,000 monthly each, therefore, you could be making as much as N2,000,000 monthly without management stress.
Note that while this is very good among other investments with monthly returns in Nigeria, it is one that requires so much capital for one to start.
