Nigeria is projected to be the world’s third most populous country by the year 2050, according to a report released by the UN Department of Economic and Social Affairs.
These are predominantly youths with no hope of employment in sight from the Government.
Citizens must be clever to find top ways to invest money in Nigeria or remain unemployed.
There are many ways to make money in Nigeria but the following are some of the best ways to invest money in Nigeria.
The purpose of investing money is to make some profit at the end of the day. There are numerous financial instruments and methods out there for investing your money.
1. Forex Trading: Forex trading has turned many investors to millionaires. You can actually start trading on good fx trading platform with as low as $100. Your profit depends on your trading strategies or your trader.
One thing about fx trading is that you can control far more than your actual investment through leverage but this leverage can also magnify your losses.
In other to make sound profits in forex you need to learn more about about forex economic calendar, so as to know when things are really happening in the market. Trading forex is very easy to start, the first thing you need is to get a very good fx trading platform. Most of the popular and reliable fx trading platform offers tutorials to beginners.
2. Long Term Investment: you can also go into long term investment growth. You can achieve this by investing in the stock market and owning pieces of companies that generate a profit and value for its shareholders. Better yet, invest into index ETF funds to get the investment returns of the stock market while greatly reducing your risk to individual stock price drops.
3. Government Security:
Investing in Government security is a no risk investment that you can take on if you have very low risk appetite. No risk means your principal and the interest is safe.
There are two types of government securities you can invest your money. They are treasury bills and bonds.
Buying treasury bills and bonds are some of the best ways to invest money in Nigeria today.
a) Treasury bills: Treasury bills are debt instruments, which the government issues through CBN every two weeks. This is the primary market. The bill has an interest rate and a true yield. If you sell before maturity, you lose the true yield.
b) Bonds: Bonds are loan instruments companies or governments issue to borrow money with a term of over one-year.