Hey guys,
I see y'all having fun.
What sort of business can I go into with 5 million naira. Preferred sector is IT.
But I will be glad to hear of other sectors too.
Thanks and keep having fun

start import and export. mainly electronics. they are happening now. got my uncles in that angle and they hit it big like naija bill gates.

agreed import and export(electronics and computers wares)

well man just no how to go on with ya money, cos u know guys will this will say and that, guess u hv bros at home or ur mom or dad so just go to them and listen to there advise and see wat will happen, that's to me ooooooo dont no for u

Hello my Friend,
I am a marketer in a fast growing Internet Service Provider, and can advice you only on the field i know well. 5 million is enough to make you have an ISP of your own and provide service for others where there is poor or no service. Eket is one, Shagamu is another and Ogun state too. There are many other places here in Lagos too. In just a few months you will be smiling.

The CRUX in internet is a FAST LINK that is ALWAYS ON.  Well if you are interested, i will tell you where and how to set it up, and manage it with ease. this is my contact;
Cheers.

Richy
08062928299
richy500@yahoo.com

please, be aware of scammers and 419ers oooo. you dont want to cry later. before u invest with anyone in any area, make sure it is genuine and not a scam. shine your eyes man.

diddy4:

please, be aware of scammers and 419ers oooo. you don't want to cry later. before u invest with anyone in any area, make sure it is genuine and not a scam. shine your eyes man.

that's true oooo my brother just take it easy,

i think rather than risking all u have on a business u know nothing about, its a good idea to invest it in stocks. just get a reliable stockbroker who'll give u strategic advice on which company to buy, and when to buy & sell. u can make a lot of money from it.

for instance union bank shares was N20 when they sold in january. was N28.50 as @ last Thursday. that's some 40% in 6 months without lifting a hand. could even be higher. doubles sometimes within a relatively short period. and stockbrokers dont charge that much. u'll have ur time for ur regular job if u have one. the risk is also relatively low provided u have a good stockbroker. infact its almost impossible to lose any % of ur initial investment. and that's pretty cool. am talking from experience.

u culd also break it down by investing some of it in stocks and then the other in some business u feel the risk's not too high. that's if u're really keen on running some business.

manrichy:

Hello my Friend,
I am a marketer in a fast growing Internet Service Provider, and can advice you only on the field i know well. 5 million is enough to make you have an ISP of your own and provide service for others where there is poor or no service. Eket is one, Shagamu is another and Ogun state too. There are many other places here in Lagos too. In just a few months you will be smiling.

The CRUX in internet is a FAST LINK that is ALWAYS ON. Well if you are interested, i will tell you where and how to set it up, and manage it with ease. this is my contact;
Cheers.

Richy
08062928299
richy500@yahoo.com

my guy dont be deceived, sit down and really think, 5million may not be big as big as u think although i hear some guys go to malaysia and dubai to buy handset and sell in ninja but u have to research about it very well.
richy u say u r into isp well if imight ask u to be an isp provider how much will ur vsat equipment cost, with ur bandwidth subscription for a year assume ur getting 1mb bandwidth, most probably ur putting ur hopes on nitel sat3 which we know come up in 2 days and dies in 4 days, these will cost u btw 1.5 to 2.5 then tell me how much is remaining? thenu have to pay staff like richy to go round town beggine already folding cafes to come buy ur bandwidth, cos u know the telephone companies are already dealing with isp's.
mind u , u have not bought any router yet. so dedicate 1M to buy 2- 2600xm routers to manage with so u can configure frame relay if u dont have money to buy bandwidth manager. have u bought your 5 - 10 kva gen that should go for another 1 million now tell me do u still have money?
think very well and isp is not the way to go although i am into telecoms i dont advice it
take care

hi guys,
wow, to sincere, i never thot i would receive so much replies - honest and serious ones at that. how do i thank you guys?. listened to what everyone said and i'm considering all the angles. but my goodness, i really thank you guys for your interest, support and sincerity(didnt know naijas still had it in them)? thank you guy. someone told me something about toner cartridges - please advise me on this. thanks

@kAECY5

True talk man.

ISP's are very expensive and the guy have givena detailed info on the initial set up cost.

@ITSHARP
You can invest your 5 million, in stocks, bonds etc. that wld give you some cool cash in return. or you can also look for a good business to invest in, but be rest asured that you shld not expect a dividend in the next 1-2yrs and be ready for a pure hardwork.
Good luck

@Kaecy5,
Nice one, u hve really enlightened me on ISP set up in Nigeria. Hope the guy dat wants to go into d biz would learn from this.