What Do I Do With My N1.3 Million As NYSC Member?


While a student I did some businesses as a student , after my five years in school, I am now a graduate , I have 1.3m in my account,  I will be going for my NYSC next month. Initially I was thinking of buying a land in the city of Aba for 1mil to resell it maybe by next year if i see a business to do, since I haven’t gotten a business idea.

I have seen one. But am thinking if this is a good idea, the city of ABA is messed up, investors are not coming in. I don’t want to base there. Please is it advisable to buy a land with the money? Meanwhile my friend just told me about storing of red oil. Please advice me on what to do.


New Member Asked on May 12, 2017 in Business.
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Buying land with your money in Aba with the hope of selling it after youth service is a bad idea. Like you rightly said, Aba is a messed up place and selling land even in Lagos and Abuja can be very difficult let alone in Aba. So, put that idea off your head for good.

You have been doing business that earned you the money while in school. What business is that? Why  not continue the business during service since you’re already experienced in it?

Pro Consultant Answered on May 12, 2017.
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Hi am new here and my name is Kemi. I know about palm oil business as  I have done it before. It is very lucrative and okay to invest on because there is always a demand for it. I still have my contacts from Benin where i bought last year their price was very good and I made good profit. If u want I can connect you or give you the contact. I dint buy this year for storage because I invested in something else. Its a good business you can give it a try

Return Member Answered on May 13, 2017.
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Hello sir @Dproofman,


It’s great to know that you want to invest your money.


While you’re thinking of what to do with it, I would say you should research about Federal Government’s bund. Basically, you will invest in FG and every 6 months, you’ll get interest. Last time Vice President spoke about it, you can get 10% interest on your investment every 6 months. Beware that the interest rate fluctuates based on our economy.


However, in your NYSC period and some months, if you invest in the bunds, you should get 2 interest periods. By the time you finish NYSC, you should have decided on what you want to do and of course, you’ll have more time to face your agric business.


Let’s build a self dependent Nigeria filled with great minds and great entrepreneurs.


God bless you sir.



Return Member Answered on May 17, 2017.
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I helped some students to fill logbook, since my second year in school…its actually a business centre stuff , using my laptop I did some assignments for students , i sold pume forms even without having shop…its a hustling kind of business…and am also a network marketer, part of the money.was made online.

New Member Answered on May 12, 2017.
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Obviously you won’t be able to do business while serving.  Buying Palm Oil to store and sell later is risky too, unless you really understand the market trend. The price may go way down, lower than what you bought it. The best option may be to fix it with your bank with the tiny profit it will be yielding. This way, you’re sure your money will be safe and (un)depreciated when you’ll be ready to start business with it.

Business is hard in Nigeria right now due to the countless terrible policies by people who rarely think before dishing out policy. Investing it with someone may result to fight because the money may go down the train, leaving the person with unwanted debt. I personally no longer accept investments due to this harsh reality.

But if you insist on investing it, the palm oil may be the best choice provided you have good plan for the storage. The security of the storage is very important because if thieve enters there, the story may not be good.

Pro Consultant Answered on May 12, 2017.
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Thanks so much sir…I will make more research on the oil business, the only problem am having in the oil is knowing where to get a good oil that won’t spoil or change taste before market time ..do you have any contact.

New Member Answered on May 12, 2017.
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You might need to learn, and master a Business, Craft, skill or vocation well before you store or invest money in the venture,  Knowledge is power, so get acquainted with the knowledge of how a Business work and the risk, and all that, before u pour your cash into it, this is to save you at the long run,

Agriculture Business is cool too, but i am sure, you need knowledge in order to succeed even in that venture too.

Active Member Answered on May 13, 2017.
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Please Ma, I need the contact for the palm oil business. Please chat me up on WhatsApp. 08168317293

New Member Answered on May 13, 2017.
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You can invest in a company and be a share holder.. All you need is pray the market will sell, then you get your share annually or otherwise, depends on the company agreement.. Contact me if you are interested 08065133030

New Member Answered on June 13, 2017.
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