10 Best Investments with Monthly Returns in Nigeria Business

Top 10 Monthly Profitable Investments in Nigeria

Explore the top 10 simple-to-start investments in Nigeria that can provide steady monthly income.

From food businesses and ride-hailing to digital investments, discover the opportunities that can boost your financial growth.

People often seek investment strategies offering not only potential future growth but also consistent income. These investments, often termed ‘passive income,’ can help bolster your finances without the necessity of daily work. Here are the top 10 investments in Nigeria that can provide monthly returns.

1. Food Business

Everybody needs to eat. Therefore, investing in the food industry, like a restaurant, could yield monthly income. The success of this venture heavily relies on the location and proper planning. Food remains an essential commodity, ensuring regular returns on your investment.

2. Ride-Hailing Business (Uber/Bolt)

Transportation is a lucrative business offering monthly returns. Ride-hailing services like Uber and Bolt (formerly Taxify) are leading the transportation sector, particularly in Nigeria’s major cities. The investment requirement is straightforward: purchase a car, register with the ride-hailing service, and hire a driver who will remit profits weekly or monthly, based on your agreement.

3. Agriculture Investments

There’s considerable profit in investing in agriculture, especially with the government’s increased focus on this sector. Investing in different sub-sectors of agriculture can provide monthly income:

• Crop cultivation, including rice, maize, cassava, beans, plantain, and pineapple.
• Livestock production, such as poultry, pig farming, fish farming, and snail rearing.

Alternatively, you could invest indirectly in organizations specializing in large-scale farming, which then pays you periodic returns on your investment.

4. Real Estate

Renting out real estate properties offers a stable source of monthly income. This investment requires substantial capital and professional property management. Alternatively, you could hire an agency to handle the property on your behalf.

5. Mutual Funds for Monthly Income

Various financial firms allow investing in mutual funds designed to generate monthly income. For instance, Stanbic IBTC mutual funds offer approximately 12% annual interest to all investors.

6. Treasury Bills

Treasury bills are another investment with monthly returns. However, you receive your interest upfront. If you invest a significant amount in a treasury bill, you get paid the interest of about 10% of your investment within the first month.

7. Mini-Importation Business

The mini-importation business can generate monthly returns with just a small investment. Websites like AliExpress allow you to import goods at lower prices and sell them for profit.

8. Haulage Business

The haulage business, involving the transportation of materials such as limestone, laterite, and iron ore, can be profitable. Manufacturing companies often require these materials, promising steady monthly returns.

9. High Dividend Yielding Shares

Investing in high dividend yielding shares can offer quarterly payouts to shareholders. Choosing the right company to invest in and reinvesting the dividends received can lead to significant wealth accumulation.

10. Digital Investments

Digital currencies, including cryptocurrencies, are rapidly gaining popularity. As the value of digital currencies grows, your investment can effectively provide monthly income.

Remember, any form of investment requires strategic planning, patience, and smart choices. The more you can invest, the quicker you may see a return on your investment. However, small investments can also yield monthly returns and gradually increase your overall income. Happy investing!