The current economic reality in Nigeria is harsh. Sapa is dealing with a lot of people. High costs of fuel and exchange rates are exacerbating most legitimate attempts to make money. This is coupled with the perennial problem of a non-existent enabling environment that allows Nigerian youths to reach their maximum potential.
Nigerian youths are some of the most innovative, resilient, and creative persons. In fact, Nigeria's entrepreneurial spirit has birthed several world class financial services and products that are allowing Nigerians to generate income from selling gift cards, trading global stocks and cryptocurrencies easily.
Despite the difficult economic terrain, there are many financial opportunities available to be unlocked in Nigeria. And many young people are exploring different creative mediums and opportunities to earn more income.
This article will explain some creative activities that you can engage in to make money in Nigeria.
Selling Gift Cards
Selling gift cards is a lucrative business in Nigeria. For many years, Nigerians were unable to use gift cards obtained from online retail stores, entertainment platforms, and other popular marketplaces due to the unavailability of options to redeem or convert gift card to Naira in Nigeria.
Fortunately, the rise in technology and digital solutions has brought about a unique opportunity for Nigerians to turn unused or unwanted giftcards into real cash. FlipEx is one of the leading platforms dedicated to providing solutions for Nigerians to exchange their gift cards to Naira and earn extra income in the process.
Read How to Sell Amazon Gift Card in Nigeria
E-commerce and Online Retail
E-commerce has greatly changed the way business is conducted in Nigeria. Online stores, reliable pickup and delivery systems, and online payment gateways are providing a low-cost medium for entrepreneurs to reach a wider market. Entrepreneurs are using e-commerce solutions to sell a variety of products, ranging from fashion and electronics to handmade crafts and other unique items.
Freelancing and Digital Services
Thousands of young Nigerians gain digital skills and provide services on popular freelance marketplaces including Upwork, Fiverr, PeoplePerHour, etc. The digital talent market has no geographical barriers, and this has enabled many Nigerians to offer their skills and services to clients around the world in fields such as writing, graphic design, programming, and digital marketing.
Agro Business
Agriculture remains a critical sector of Nigeria's economy that’s providing ample income opportunities due to the rising interest in natural food products. The barrier of entry is quite low for crop farming, poultry, fish farming, and other forms of agribusiness which can be started on a subsistence basis.
Real Estate Investment
The Nigerian real estate market has experienced a significant boom over the years due to population growth and urbanization. Investing in properties for rental income or resale can yield substantial profits, especially in rapidly developing urban centers in Lagos, Abuja, Port Harcourt, Ibadan, Anambra, Delta, and other parts of the country.
Did you know that you can make money from loading your airtime, paying bills, and subscribing to Data Bundles on FlipEx?
Tourism and Hospitality
Nigeria's rich cultural heritage and diverse landscapes is a good source of income for operators of boutique hotels, bed-and-breakfast accommodations, and tour guides as they cater to both domestic and international travelers.
Educational Services
Online coaching, private tutorials, teaching and mentoring people to develop digital skills is proving to be a good income source for many Nigerians. Several e-learning platforms like Altschools Africa, UnbugQA Academy, and Tuteria are providing steady income for tutors and mentors.
Transportation Services
Ride sharing and e-hailing platforms are democratizing Nigeria’s transport sector. Small scale pick-up and delivery providers are also helping to fill important delivery gaps for SMEs. Working as a delivery agent or a driver on these platforms can provide a good source of income as these services are especially in demand in urban centers, where efficient transportation is crucial.
Renewable Energy Ventures
Nigeria has an ailing electric power system owing to poor infrastructure and policies. With the hot climate, many Nigerians are turning to alternative power sources including solar as fuel costs have also shot up significantly. Many young Nigerians now work as Solar installers and educators providing training on renewable energy.
Content Creation and Influencer Marketing
Content creators and influencers are the new currency of social media. These individuals with engaging personalities and a teeming audience are cracking the code of monetizing their online presence by backing sponsored posts, affiliate marketing, product reviews and brand collaborations.
Lets help you make money online
Now that you know 10 creative ways to make money in Nigeria, you may be wondering what’s the most important step to begin. It’s nothing else than taking ACTION!
You probably know these things already but you have failed to take action all along. Do you want Sapa to win before you realize how much money you could have made from trading gift cards to Naira and other money making activities listed above?
Even people with jobs are looking for more income to secure their financial future. So, you have to get started right now.
TAKE ACTION!!!