How to be a Nigerian millionaire

Posted by Onelove on October 01, 2009 at 01:02:11:

How many Nigerian millionaires to we have in Nigeria currently? Well, probably not up to 5% of the population(moderate assumption)meaning that if we have about 150 million people living in Nigeria, not up to 8 million are millionaires going by our per capita income which puts about 99% of Nigerians below the poverty line.
What does it then take to be a Nigerian millionaire? It's just N1,000,000 which equates to about $6666 at an exchange rate of N150 to a dollar. Is it really that hard to get N1,000,000? Well it is considering the factors people face living in Nigeria from getting a job and keeping it, dealing with political instability and skyrocketing inflation, persistent fuel price hikes and scarcity, multiple taxation and inefficient power supply - all these Nigerian factors are part of what is making the poor poorer and the rich richer.
How then can one become a millionaire in Nigeria considering all these obstacles? Well, I am suggesting these 3 logical steps;

- Learn how to make money from your business
- Grow your money by a considerable factor
- Incorporate your business

I wouldn't suggest getting a lucrative job and just keeping it since it wouldn't give you time to maximize your business

Re: How to be a Nigerian millionaire

Posted by Koffi on March 23, 2010 at 05:54:01:
In Reply to: How to be a Nigerian millionaire posted by Onelove on October 01, 2009 at 01:02:11:

Nice analogy. If only I had up to N1mil. It would be easier to make more



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Re: How to be a Nigerian millionaire

Posted by Afam on March 23, 2010 at 05:55:30:
In Reply to: How to be a Nigerian millionaire posted by Onelove on October 01, 2009 at 01:02:11:

N1 out of N1m can easily remove a person from the millionaire list, so even if you make your first million, it is so easy to spend all the money if you don't invest it well



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Re: How to be a Nigerian millionaire

Posted by Aminu Yaya on March 23, 2010 at 05:57:48:
In Reply to: How to be a Nigerian millionaire posted by Onelove on October 01, 2009 at 01:02:11:

I would really like to be a millionaire but for someone earning N50,000 a month, how can I save it in a year inspite of the fact that one has to spend on transport, feeding and others. If only a person's monthly salary was at least N200,000, then one may be able to save N1m in a year.



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Re: How to be a Nigerian millionaire

Posted by Ijeoma on May 12, 2010 at 11:11:14:
In Reply to: How to be a Nigerian millionaire posted by Onelove on October 01, 2009 at 01:02:11:

I'm tired of being a millionaire. I want to be a billionaire. Just 1 billion and I will retire from my bank work



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