How To Make Money In Nigeria: Best Options In 2023

Today, there are numerous ways to make money in Nigeria. Young people use their abilities to support themselves and their families. Jobs can now be done online from the convenience of one’s own home. This has served to mitigate the negative effects of unemployment and modify people’s attitudes toward seeking white-collar work. Online jobs have shown to be a viable way to earn money online, as opposed to cyber frauds known as ‘Yahoo Yahoo’ in Nigeria. Here, we’ll show you the different ways to make money, for both students and teenagers in Nigeria.

How To Make Money In Nigeria

#1. Affiliate marketing

Affiliate marketing is taught as a course by digital marketing organizations since it is a stress-free way to generate money. In this scenario, one can accomplish this by supporting someone else in promoting their products in exchange for a commission.

There are many people in Nigeria today who work in Affiliate Marketing. There are also affiliate marketing initiatives that are considered as a source of income.

#2. Make and Sell Digital Products

This is yet another impressive technique for Nigerians to make money online. You can make money by creating digital products such as e-books, songs, podcasts, movies, and so on.

You can also develop courses, such as one on “how to make money online in Nigeria” in the form of a video or book. As a result, you will generate value while simultaneously earning money.

#3. YouTube Clips

YouTube is a social networking website that compensates users for their content. You can earn money by creating a variety of content (educative, instructional, comics, etc.).

YouTubers make money by uploading videos that are watched by thousands of people across the world. Affiliate marketing, Google AdSense, and other tactics can help you monetize your video output.

Millions of Nigerians use social media platforms such as Facebook, Twitter, and Instagram. Businesses can target this group of people outside of the actual world to interact with customers and enhance sales–this is where social media marketing comes in.

Many firms hire social media marketers to convert customers and businesses. You can reach a target audience for companies and get paid if you understand the algorithms of social media platforms.

This is one of the more profitable ways to make money online that does not require you to work in an office.

#5. Copywriting

Today, one of the methods you gain customers and make sales is through internet marketing. This necessitates the hiring of someone with experience creating text for advertising or other sorts of marketing. There is enough money to be made as a copywriter if one can refine their talents to perfection.

Businesses and global corporations now engage copywriters and pay them well. This is one of the most in-demand skills today, and many Nigerians rely on it to make ends meet.

#6. Jumia j-Force

In addition to their affiliate program, Jumia, one of Nigeria’s most prominent shops, offers a program called j-Force, which enables anyone to make money online in Nigeria.

This is accomplished by making purchases from your account for the benefit of others in exchange for amazing commissions, allowing you to earn money directly into your Nigerian bank account.

Furthermore, customers can use Jumia to manage their online shop, sell their things, and take use of Jumia’s shipping and payment options. This is a long-term venture that provides a constant internet income to everyone in Nigeria.

#7. Remote English Language Tutoring (ELT)

Despite its seeming impossibility, mastering the English language and providing customised tuition to those attempting to learn English in foreign countries is the one of the best ways to make money online in Nigeria.

According to InternetWorldStats, English is the most frequently spoken language on the planet, making remote ELT one of the best ways for students to earn money online in Nigeria.

It should also come as no surprise that if you’re ready to start freelancing, this profession allows you to travel the world and take on more in-depth assignments.

#8. Podcasting

Producing a podcast is a great method to make money online in Nigeria and an exciting opportunity to establish a personal community of listeners who engage with your content on a regular basis.

You may be able to play your podcast to a large number of listeners thanks to the Apple Podcast Store’s built-in audience and rating system. In this instance, you will rise to the top of the rankings and receive extensive exposure.

#9. Domain Trading

Domain trading, which is similar to real estate investing, is one of the most profitable ways to make money online in Nigeria. It entails spotting the appropriate opportunity in domains and then hanging on for a length of time to generate big profits.

Domains can be purchased for as cheap as 5,000 NGN, which is one of the avenue’s defining features.

Interested parties may obtain domains after conducting extensive research and analysis, whether for a word for which acceptable domains are sought or for a project name.

This domain can then be purchased using domain reservation coupons, such as Godaddy coupons or Namecheap coupons, once discovered. Individuals would be able to obtain domains for less than 2,500 NGN for dot-com domains and less than 500 NGN for various other unique extensions, allowing them to make money online in Nigeria.

#10. Creation of mobile applications

With the introduction of simple application-building tools that do not require coding, creating and selling mobile applications is the 11th best way to make money online in Nigeria because it is a very easy enterprise to begin.

It is critical that people should not expect that any software would be an instant success simply because they believe the concept is sound. Developing engaging applications needs both art and science.

Making money online in Nigeria by producing mobile applications is made easier by the availability of several software creation templates. Furthermore, your free software may be monetized via in-app purchases, external sponsorships, and adverts.

Mobile app development is one of the finest ways to generate money online in Nigeria as a student due to its direct integration with software and complete digitisation.

#11. Importing and reselling

Importing and reselling is one of the best ways to make money online in Nigeria. It entails sourcing items from AliExpress.com or eBay and reselling them on Jiji, Jumia, or Konga.

A endless number of commodities that are neither subject to intense competition nor attract a big number of retailers can be obtained from foreign platforms and resold cheaply in the local market.

How To Make Money Online As A Student In Nigeria

As a student, you can earn money online by providing content and copywriting services, translation services, blogging, or online tutoring. Content development, data input, influencer marketing, and social media administration are also potential choices. Here’s a breakdown:

#1. Copywriting and content creation

Technically, content writing and copywriting are two distinct endeavors. They do, however, require the same set of skills – the ability to develop and edit written content.

A copywriter develops marketing-focused short-form material to persuade an audience to take a certain action, whereas a content writer focuses on providing informative and interesting content (such as blog posts, scripts, and white papers).

You can earn money writing content and copy for brands, individuals, websites, and non-profit organizations. The actual profit, however, will be determined by your skill level, portfolio, and clients.

Even if you’re a student with no prior expertise, content writing and copywriting are simple to begin. And if you have a smartphone, a laptop, and internet access, you may begin monetizing your skills.

#2. Online Tutoring

Online tutoring isn’t for everyone, but as a Nigerian student with internet connection and a talent for teaching, you can make a lot of money. Being academically gifted can also help, though it is not a prerequisite.

An online teacher is similar to a traditional tutor in that you teach people what you know and are compensated for it. Instead of a board and marker, online tutors engage with students using platforms such as Zoom and Google Meet.

These students can come from anywhere in the world, including as far away as the United States, allowing you to profit in nearly any currency with the proper clients. And, because online tutoring is done remotely, students in Nigeria may fit it into their busy university schedules.

You can teach primary, secondary, and even college students from the comfort of your hostel or apartment.

#3. Translation

Offering translation services may not appear to be a profitable endeavor, but it’s an excellent one if you’re searching for an easy method to make money online as a student. You may get started without professional training or prior understanding of a language thanks to the internet and programs like Google Translate and ChatGPT.

People often want translation services for long-form content (such as blogs and essays), and if you’re skilled, you can make a solid living. All you need is a smartphone and access to the internet. However, in order to offer high-quality work, you may need to strengthen your proofreading skills as a translation.

#4. Blogging

Blogging has existed on the internet for nearly as long as the internet itself. It is simple to set up and may be quite successful in Nigeria.

In a word, blogging is the process of providing information (typically written) for an audience but doing so through a self-publishing platform. Simply put, you publish content on your own website and earn immediate — and sometimes continuous — cash from it.

Bloggers can now earn money through sponsorships, advertisements, and partner programs. In reality, because to blogging services like Medium and Substack, creating and monetizing a blog is lot easier than it was a few years ago.

If you want to own and run a successful blog, you must be an exceptional writer. You should also look for a suitable niche for your abilities and experiences.

#5. Content creation

In Nigeria, content creation has evolved from a quirky pastime to a pleasant method for everyone to generate money. Creators like as The Igbo Wolf earn from funny or educational images on sites such as Instagram, YouTube, and even Twitter.

The concept of content creation is easy. First, you design something educational, amusing, motivating, or even bizarre. This content is typically video, but it can also include motion graphics or photos.

Then you share your creation with the world via social media or your website. Finally, you profit from the uploaded content.

It’s similar to blogging, but for videos. As a result, you may monetize your material in the same way that you would a blog: through advertisements, sponsorships, and partnership programs.

#6. Data entry

For a modest charge, data entry jobs demand you to input, amend, or update information in online databases. They’re another opportunity for students to make money online and only require a basic familiarity of computer systems and spreadsheets.

Some data entry operations do not even necessitate the use of a database. Instead, you participate in surveys and provide feedback on items or services.

Data entry jobs are completely remote, allowing Nigerian students to work with any organization at any time and from any location.

How to Make Money as a Teenager in Nigeria

It is critical that you learn how to make money as a teenager in Nigeria. There is no age too young to begin. This is because our country’s economic status is nothing to write home about. Aside from that, understanding how to make money in Nigeria as a teenager would help you become less reliant on your parents.

Here’s how you can make money in Nigeria as a teenager:

#1. Online survey

These websites will pay you after you complete your job successfully. They will ask you to fill out a form when you sign up. This form will ask for your primary area of interest and knowledge. This information will be used to create the online questionnaires that will be sent to you.

#2. Podcasts

Podcasts are a relatively new phenomenon. If you are good at addressing a subject, this is a terrific opportunity for you. Simply put, you must deliver an episodic series of your spoken words. Don’t be alarmed; it’s just like a radio show. If you have a large number of people listening to your podcast, you can make a lot of money through sponsor commercials.

#3. On Etsy, you may sell arts and crafts.

Etsy is a popular online store for arts and crafts. If you are great at creating handcrafted products such as décor, jewelry, fashion items, and so on, you may now sell on Etsy. When a buyer purchases your item through their blog, they will pay you and keep a 5% commission. Etsy pays in dollars, which is one of the main reasons it is an excellent pick.

#4. Make Money on Fiverr

Fiverr is a profitable online marketplace. You can use Fiverr to get money if you have a marketable digital expertise such as content writing, graphics design, WordPress website design, Keyword Research, and so on.

#5. Create an Online Drop Shipping Store

Dropshipping is one of the most popular ways for teenagers in Nigeria to generate money online. Essentially, this business comprises obtaining a huge number of things from the manufacturer and selling them for sale online. You can post them on Instagram, Facebook, or even develop a website just for this purpose. When you receive an order for a certain item, the manufacturer delivers it to your client and just costs you the shipping amount. When your client pays, the initial wholesale price will be deducted from the amount you sold the products to the consumer.

#6. Starting an Affiliate Marketing Niche Blog

A specialty website is another wonderful technique for a teenager in Nigeria to get money. You can create a blog on your area of interest if you know enough about it. This will make it easier to create material that will engage your audience. You can also generate money by selling things directly on affiliate marketing networks such as Expertnaire.

Conclusion

It may appear difficult to make money in Nigeria, even as a student or teenager, but it is not impossible. While getting your first clients may take some time and effort, freelancing services like Fiverr and Upwork can help you get started. Of course, money is only one aspect of the story. To get the most of your money, you should also adopt healthy financial habits such as saving and investing.