The Next Investment
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Posted by Felix Okoli on March 30, 2009 at 05:52:40:
Nigeria's economy seems to be turning upside down and people are worried. What does one do now after losing so much investing in the naira and the stock market? Everything seems to be shrinking. From stocks to oil, salaries don't seem to be getting higher and power supply is going low. Can one still be making profits in Nigeria?
Suppose you've got cash now and are looking for the next line of investment, where would that be? Treasury bonds? Forex? Both are good, recalling the signs of these times and a falling naira. Nothing seems to be consistent. Where else could Nigerians invest their extra money in, i.e. suppose there is even extra money somewhere. Going green ought to be it, i mean agriculture. There has been reports from many bodies especially the U.N. that there would be severe food shortage in the near future as a result of the effects of global warming. In Africa, we don't need to be waiting until this happens because food prices are already rising and investing in this lucrative sector in a fertile land like Nigeria's would only yield you much profit. Agriculture and technologically driven agriculture would be the way of the future and may very well be seen as nature's response to the hazards caused by climate change. The reign of crude oil seems to be coming to an end as nature responds in making it unattractive for the growing world. Even before oil came to be the main source of our revenue, agriculture has been there but a lot of people had then left agriculture for the white man's job only to finally realize that people still need to eat and who produces it?
There are a lot of crops and fruits that can really be profitable when you invest in them such as tomatoes, pepper, onions, cassava and yam as well as poultry products and fisheries. Although producing some of these products can be stressful even when you've got a farm manager, it is still highly profitable.
The 2 main problems with agriculture in Nigeria is Inconsistent power supply and storage. If you are able to solve this two, it would be very helpful for your investment.
Comments:
Nigeria's economy seems to be turning upside down and people are worried. What does one do now after losing so much investing in the naira and the stock market? Everything seems to be shrinking. From stocks to oil, salaries don't seem to be getting higher and power supply is going low. Can one still be making profits in Nigeria?
Suppose you've got cash now and are looking for the next line of investment, where would that be? Treasury bonds? Forex? Both are good, recalling the signs of these times and a falling naira. Nothing seems to be consistent. Where else could Nigerians invest their extra money in, i.e. suppose there is even extra money somewhere. Going green ought to be it, i mean agriculture. There has been reports from many bodies especially the U.N. that there would be severe food shortage in the near future as a result of the effects of global warming. In Africa, we don't need to be waiting until this happens because food prices are already rising and investing in this lucrative sector in a fertile land like Nigeria's would only yield you much profit. Agriculture and technologically driven agriculture would be the way of the future and may very well be seen as nature's response to the hazards caused by climate change. The reign of crude oil seems to be coming to an end as nature responds in making it unattractive for the growing world. Even before oil came to be the main source of our revenue, agriculture has been there but a lot of people had then left agriculture for the white man's job only to finally realize that people still need to eat and who produces it?
There are a lot of crops and fruits that can really be profitable when you invest in them such as tomatoes, pepper, onions, cassava and yam as well as poultry products and fisheries. Although producing some of these products can be stressful even when you've got a farm manager, it is still highly profitable.
The 2 main problems with agriculture in Nigeria is Inconsistent power supply and storage. If you are able to solve this two, it would be very helpful for your investment.
Comments: