Making Money in Nigeria: Proven Methods to Earn Over ₦750,000 Per Month

therealminaofficialLast Updated: December 28, 2023

As a Nigerian, you know how challenging it can be to earn a decent living and support yourself and your family financially. With a struggling economy and limited high-paying job opportunities, making money requires determination, grit, and an entrepreneurial spirit. The good news is, there are many ways to earn income in Nigeria if you have the motivation to succeed.

In this article, you’ll discover proven methods for generating over ₦750,000 per month in Nigeria. Whether you have a job already or are currently unemployed, the opportunities highlighted here can help supplement your income or provide an avenue for steady earnings each month. From online jobs and freelancing gigs to starting a business or investing in stocks, there are legitimate ways to make good money in Nigeria.

With hard work and perseverance, you can achieve financial freedom and stability. The key is taking that first step to educate yourself on the options available and determine which path is right for your needs and skill set. Success is within your reach if you reach out and grab hold of it. Let this article be your guide to unlocking the secrets of earning high income in Nigeria.

Table of Contents

Online Money Making Opportunities in Nigeria

As an individual in Nigeria, you have several options to generate income through online means. One of the most popular methods is blogging. By creating an informative blog and building an audience over time, you can monetize it through affiliate marketing, sponsored posts, and ads. You’ll need to choose a niche, set up a website, create high-quality content, market your blog, and be patient as you build traffic.

Another opportunity is online surveys. Companies value opinions from people in developing countries and will compensate individuals for completing market research surveys. You can sign up with survey sites like Survey Junkie, Swagbucks, and InboxDollars, share your thoughts, and earn money in your spare time.

Freelancing is a viable way to utilize your skills to make money remotely. Websites such as Upwork, Fiverr, and Freelancer offer jobs like writing, programming, graphic design, customer service, and more. Build your profile, apply for jobs that match your abilities, and work with clients around the world. Rates vary but can be quite lucrative over time as you gain experience.

YouTube is a platform where you can make money by creating and uploading engaging videos. Enable monetization on your channel, build an audience, and earn money from ads placed before, during, and after your videos. Top creators in Nigeria make over ₦10 million per month. With consistency and quality content on trending topics, you can achieve success.

Other options include online tutoring, transcription, teaching English online, affiliate marketing, and selling digital products. With hard work and perseverance, you can generate income through the Internet in Nigeria. The key is choosing methods that best suit your skills, interests, and availability.

Side Hustles and Small Businesses to Start in Nigeria

To earn a sizable income in Nigeria, consider starting a side hustle or small business.

Freelancing

Freelancing is a popular way to earn money on the side in Nigeria. You can offer services like writing, programming, graphic design, online tutoring, and more. Build a profile on Upwork or Fiverr, set your rates, and start finding clients.

Online Surveys

Complete online surveys in your spare time for cash. Sites like Survey Junkie, Swagbucks, and InboxDollars offer paid surveys for Nigerians. You earn points for each survey that can be redeemed for gift cards or cash.

Affiliate Marketing

Promote other companies’ products and services as an affiliate. When someone buys through your affiliate link, you earn a commission. You can promote offers from Jumia, Konga, Payporte and earn up to 10% for each sale.

Dropshipping

Source products from suppliers and ship them directly to customers. You handle the marketing and customer service but don’t keep any inventory. Popular niches for dropshipping in Nigeria include fashion, electronics, and beauty products.

Ride-sharing

Drive for services like Uber, Taxify or Oga Taxi in your spare time. You can make ₦50,000 to ₦200,000 per week driving riders around Lagos, Abuja or other cities. All you need is a decent car and a driver’s license to get started.

With hard work and persistence, these side hustles and small businesses can generate over ₦750,000 per month in extra income. The opportunities to earn money in Nigeria are plentiful if you have the motivation to succeed.

High-Paying Jobs and Careers That Bring in Over ₦750k Per Month

As the economy of Nigeria continues to grow, several career paths now offer salaries of over ₦750,000 per month. If you have the proper experience, skills, and education, the following jobs represent some of the highest paying opportunities currently available:

Software Engineers and Web Developers: With the rise of the tech sector in Nigeria, these roles are in high demand. Salaries for senior software engineers and web developers often exceed ₦1 million per month. Strong skills in programming languages like Java, C++, and Python are typically required.
Management Consultants: Management consultants help companies improve their business performance. Consultants with a degree in business, finance, or a related field and several years of experience can make ₦750,000 per month or higher. Strong analytical and communication abilities are essential.
Bankers: Careers in banking, such as branch managers, loan officers, and investment bankers, frequently pay over ₦750,000 per month. Relevant degrees in business, finance, or accounting combined with professional certifications and many years of experience in the banking industry are usually needed.
Medical Doctors: As the demand for quality healthcare rises in Nigeria, doctors are earning higher salaries. Specialists like surgeons, anesthesiologists, and cardiologists with many years of training and experience commonly make ₦1 million per month or more.
Pilots: Commercial airline pilots have a great deal of responsibility and training, so they are very well compensated. Salaries for captains and first officers with major airlines in Nigeria are often ₦1 million per month or higher. Airline transport pilot certifications and at least 1,500-5,000 flight hours are typically required.

In summary, while the cost of living in Nigeria can be high, many career paths in growing sectors of the economy now offer salaries over ₦750,000 per month. With the right skills and experience, jobs in tech, consulting, banking, healthcare, and aviation represent some of the top high-paying opportunities currently available.

Conclusion

You have now learned 71 proven ways to make good money in Nigeria and earn over ₦750k per month. While the list of methods and opportunities may seem overwhelming, the key is to start taking action. Pick a few methods that match your skills, interests, and risk appetite and get to work.

Build multiple streams of income to establish financial security and open up more choices and freedom in your life. There are many possibilities in Nigeria if you have the motivation and persistence to uncover them. With hard work and determination, you can achieve your financial goals and gain the lifestyle you desire. The time to get started is now.