Let me tell you two stories about two groups of people who invested money and what happened to them. Afterwards, you’ll know 4 legit places to invest money in Nigeria. Michelle, a young lady who was looking for a way to grow her money transferred ₦300,000 to a new hot investment company that was making people rich. The firm promised to give people 30% of whatever amount they invested every month for three months and the thing is they actually did.

Michelle made 90k in three months doing absolutely nothing. She was beyond elated, so she thought it was a good idea to invest a higher amount. She put ₦700,000 back in this investment firm believing she’ll be even richer in the next three months.
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READ MORE: How to spot an investment scam in Nigeria
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The bank alert did not hit her phone when April came. (The month she was supposed to receive her first ROI). That money is gone till now. She was one of the hundreds of people who were scammed this way. Some were not even as lucky as she. They never saw the 30% that was promised.

You may be wondering, “How could so many people be deceived?” Well one of the reasons is that a popular Nigerian musician and social media influencer tweeted that he received his ROI from this firm giving it a lot of validation.
Luckily, the police were able to nab Joshua Ngene (owner of the investment firm) and he has promised to pay his investors back.
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The second story consists of a set of short stories
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Michael needed to buy computers for his computer business and did not have the complete money for it. He didn’t want to be in debt so he invested in an investment firm that gives a 7% ROI monthly. In a year, he was able to get his computers. The price had gone up a little by then but because of the interest on his investment, he was still able to buy, despite inflation. Olaitan had a job that paid a decent salary but she could not meet some needs. When she invested in a firm that gives a 5% ROI monthly, she had an alternative source of income without having to do anything.
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Notice these stories are short because there is no drama around them. These kinds of investments give little ROIs monthly. Safe investments are not get rich quick schemes. You’re only going to see huge profits if:
- You do a long term investment (10 – 15 years) and allow compound interest to do its magic.
- You’re bringing in a lot of money. 5% ROI per annum on NGN 1 billion is NGN 50 million.
Due to the many scams and ponzi schemes that have risen up and are rising recently, it is important to know legit places to invest money in Nigeria, places that will ensure your investment funds are secure.
This is why , after careful research, I have found out 4 secure and legit places to invest money in Nigeria.
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1. Mutual Funds
Mutual funds is a type of investment where a company collects money from a pool of many small investors. They invest the monies in stocks, bonds and other assets. Fund managers in these companies manage the investments and provide returns to investors. The SEC regulates them.
Mutual funds provide you with access to investment markets by pooling your money with the money of several other individuals with similar investment goals. By diversifying your investments, mutual funds assist with minimizing the potential risks typically associated with investing. Mutual funds differ from stocks as they are not traded on an exchange and investors can buy and sell through a fund manager at any time.
The company creates and sells units to new investors on a continuous basis, so you can either invest a lump sum or save on a regular basis.
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2. FGN (Federal Government of Nigeria) Bonds
The Debt Management Office issues FGN bonds in Nigeria on behalf of the Federal Government. The tenure of FGN bonds is long and ranges from 2 to 20 years. The government issues the bonds to raise money to finance projects such as roads, railways, housing, power and other infrastructures.
The minimum amount for subscription of FGN bonds is NGN 10,000. The FGN Bonds are the safest of all investments in the domestic debt market. This is because they are backed by the ‘full faith and credit’ of the Federal Government, and as such it is classified as a risk free debt instrument. They have no default risk, meaning that you will certainly get your interest and principal when due. The interest income earned from the securities are tax exempt.
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3. Agriculture and Real Estate
Farming is very viable in Nigeria because of its large population and the growing number of industries associated with it. Sub-sectors that are open to investment include produce farming such as rice, cassava and plantain. Other crops include beans, maize and pineapples. Livestock production such as poultry, pig and snails, fish farming and vegetable farming.
You can now make money from agriculture even if you are not a farmer. You just need to invest in a digital crowd farm funding platforms. These platforms provide a bridge between farmers and investors.
Real estate is still one of the best investment options in Nigeria. You can make a lot of money by investing in real estate. Even though it requires huge capital to play in the property market, there are places for different income groups to make money from real estate. There are legit online investment platforms that can use your money, as low as NGN 5,000, to invest in real estate and give you back your ROI.
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4. Digital Investment Platforms
The rise of fintech companies in Nigeria has come with some digital investment platforms that has made investments for the ordinary guy easily accessible and convenient. Some of these platforms , like OG Capital, use these investments to fund small businesses and give back the investors their returns.
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Meanwhile, you can look below to find some of our recent articles specially curated for you;

My name is Emmanuel Ejiga. Content lead of OG Capital
I am a writer. Technical writer, song writer, and sometimes fictional writer.
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