Making one million naira monthly as a Nigerian living in Nigeria might sound like mockery and premium fooling.

According to PiggyVest Savings report, only 2% of the nation’s population earns one million naira and above. This means that the rest of us are staring Sapa in the face eye eyeball to eyeball.

But would you blame us? In a country where the national grid needs resuscitation every two minutes, some of our serious relationships might be stronger than the naira. It’s relatively hard to be productive and efficient.

Businesses need more than good enough ideas to stay afloat. The competitive salary may need an extra coach to stay in the race.

The questions you and I are asking are, how are people in a large household managed and for those in the 2% benchmark, what are the jobs available to these people?

In a viral tweet by Tosin Olaseinde, the founder of Money Africa. Nigerians were asked what they do to make one million naira monthly.

While some replies are hilarious and rib-cracking, some were noteworthy and insightful.

But pause! Why do Nigerians hush about money conversations? It always seems like a secret cult where no one talks about the rules of engagements.

While some attribute it to the high level of insecurity in the country, others think it’s a Nigerian thing not to be transparent.

Information is power, but some people intentionally halt access to power from the less privileged.

Well, I was able to gather some of the insightful comments and here are some of them for your perusal.

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The Comments

“I’m a music business executive, playlist curator, A&R and Talent manager in an international record label. I also own a music company that caters to up-and-coming Artists, spotlights them, and ensures that their music reaches the right audience, among other things“.  @thepurplejazzz

“If you have digital skills and you have built your portfolio over the years, you can make up to 1m or after 6 months on upwork depending on your versatility“….@hamzieelous

“SEO experts helping businesses acquire more customers and reduce their CAC while increasing LTV. @TheEghosa“N1m is less than $650. It is easier to make $650 than to make 1M. Focus on earning in dollars, and you will see how pretty easy it is to hit N1m/month income level”. @gee_engr

“Tech and strategy consulting”. @TobyN4 

“Web3 I turn my 100k to 5m in 24hrs” @Rhymbliss 

“Not sure for Gen Zs that have quicker route to high earnings these days, but for millennials, you would have become a manager that have put in circa 10years in any industry in corporate Nigeria. So focus on career growth instead of fast lane cash grab is a sure path”. @iyke_nwabuko 

“This is possible as a youtuber. Introduced someone to Youtube  2years ago and she called to tell me she just bought a land and has already started building. I was shocked. She makes over N1m monthly from adsense and offering a service”. @Sisi_Yemmie. 

“Content Writing. You see N1m naira is under $1000. You can get a client to  you $200 per article. Writer 2-3 a week and that’s an easy $600 per week. @margaret_etudo 

Key Takeaways 

Internet Is A Leverage

Money is on the internet and only people with digital skills can access it. One million naira is about $700 which is relatively easier to make with one or two clients.

For instance, a content writer in her reply affirmed that if as a writer you’re able to get three clients in a month charging them $200 each, you’ve joined the millionaire geng.

So this is your cue to embrace the internet. While traditional jobs can still take you through the journey of earning one million naira monthly, leveraging the internet is a fast trick to get to the destination.

Your Network Is Your Networth

Another key takeaway from this tweet is that people also leverage the influence of people they know to make one million naira.

Again, thanks to the internet, it’s easier than you can imagine to meet and interact with anyone from any part of the world. 

All that is needed to achieve this is to be strategically positioned on social media with valuable content and resources that attract not just your peers but people in higher cadres who can put in words for you when there’s a need for your skills.

Personal Branding 

Personal branding is a must-have if you should join the millionaire conversations. Just like corporate branding, personal branding doesn’t end at having a nice display photo or cover photo.

You have to be intentional about building a personal brand that stands out. It’s a digital billboard that tells people what you do and how you do it in your absence.

This means that you must be first good at something, then create content that reeks of expertise, authority and experience.

The cheat code for creating a personal brand is by simply sharing your work experiences, and insights and occasionally critiquing some industry best Practices. 

Play The Long Term Game 

Maybe you’re not earning one million naira per month just yet, don’t give up. Focus on the long-term gains. Ensure that you’re constantly refining yourself. Upskill, learn the power of negotiation, build your network, join communities, do a lot of social listening and embrace new technologies.

Traditional Professions Are No Longer The Tickets 

Law and Medicine professions are no longer the hottest chics on the block. Gone are the days were our parents advocated for law or medicine because they seemed like the fastest tickets to attend wealth and affluence. Social media and the internet are the hottest chics now.

It has helped a lot of young people especially Gen Zs to build wealth that would have taken years and long learning to attend.

Hence, whether you’re a lawyer or a doctor, it’s recommended that you embrace the technology side of your job as it has proven to be the future.

You Have To Multitask

The last takeaway from this viral tweet as one of the top social media stories is that there’s no job for a lazy man.

To be able to join the millionaire conversations, you must be able to do more than one thing at a time.

For instance, as a social media manager, you can also offer consulting services for brands, you can work in-house as a social media manager, or work as a freelancer with multiple clients at a time.

Another service in the range of services to offer as a social media manager is tutoring. You can teach people how to become better social media managers in addition to selling digital products.

While there are endless opportunities to explore, hard work and versatility are a strong currency to possess if you must succeed.

Final Thoughts 

Making a million naira monthly as a Nigerian isn’t farfetched. By leveraging the internet, building a personal brand, expanding your network and embracing new technologies, you’ll soon join this type of conversation sooner rather than later.

This is one of the top social media stories for the week. I hope you’ve learnt something from this analysis. Until next time guys, stay buzzing!

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