The Nigerian economy is currently in a state of flux. The country is facing a number of challenges, including a high unemployment rate, a weak currency, and rising inflation. However, there are also a number of opportunities for making Money online. In the following sections, I will show you how to generate money online here in Nigeria in the comfort of your home.
The current state of the country's economy
The Nigerian economy is currently the largest in Africa, with a GDP of over $400 billion. However, the country is facing a number of challenges, including:- A high unemployment rate of over 32.5%.
- A weak currency, which has lost over 70% of its value against the US dollar in the past two years.
- Rising inflation, which is currently at over 22%.
What are some of these opportunities to generate money online in Nigeria?
The internet has opened up a new world of opportunities for people in Nigeria to make money. There are a number of ways to do this, including:
- Starting an online business.
- Freelancing.
- Online surveys.
- Doing side-gigs on sites that are legit.
Why should you leverage these opportunities to generate money online?
Leveraging online platforms to generate money online is important for a number of reasons.First, it can help to diversify your income streams. This can protect you from economic downturns and make you less reliant on a single source of income.
If you are like me, who doesn’t like the idea of working for anyone, I am sure you understand what I am talking about.
Second, it can give you access to a global market. This means that you can reach customers all over the world, which can increase your sales and profits.
Third, it can help you to reduce your costs. By operating online, you can avoid the need for a physical storefront, which can save you money on rent, utilities, and other expenses.
Overall, leveraging online platforms for financial growth is a smart move for anyone in Nigeria who is looking to learn how to generate money online.
Understanding the Online Landscape in Nigeria
The Internet has become an increasingly important part of life in Nigeria. In 2022, there are over 140 million internet users in Nigeria, representing a penetration rate of over 60%. This number is expected to continue to grow in the coming years, as more and more Nigerians gain access to affordable internet connectivity.The growth of the internet in Nigeria has led to a surge in digital entrepreneurship. In 2021, there were over 3 million digital entrepreneurs in Nigeria, generating over $1 billion in revenue. This number is expected to grow even further in the coming years, as more and more Nigerians see the potential of online businesses.
There are a number of factors that are driving the growth of online entrepreneurship in Nigeria. These include:
- The increasing affordability of internet access
- The growing popularity of social media and other online platforms
- The increasing awareness of the opportunities for online businesses
- The growing demand for digital products and services
- The lack of access to capital
- The lack of awareness of online business opportunities
- The general lack of trust in online businesses
- The cost of doing business online (Not as high as physical business)
Here are some tips for online entrepreneurs in Nigeria:
- Do your research and understand the online landscape in Nigeria.
- Identify a target market and develop a marketing strategy that will reach your target audience.
- Create a high-quality website or online store that is mobile-friendly.
- Offer a variety of payment options, including PayPal and credit cards.
- Provide excellent customer service.
- Be patient and persistent. It takes time to build a successful online business.
With hard work and dedication, it is possible to build a successful online business in Nigeria.
Legit Sites To Generate Money Online In Nigeria
Now you have seen the reasons why you should be generating money online, in this section I will be showing you some of the legit sites that you can use to generate money online here in Nigeria in the comfort of your house.And yes, all of these sites pay you directly into your bank account.
So are you ready for what is coming? Then read on!
1. Hawkit.ng
Have you been liking pictures on Instagram, Facebook, and Twitter (X)? I know you are going to answer yes.Do you know you can get paid doing what you have always been doing with Hawkit?
Hawkit is one of the microgigs sites that is indigenous to Nigerians. This site pays you for doing micro jobs, like following other people's social accounts, liking Facebook pages, and liking posts on social media.
One thing I like about Hawkit is that it pays youyour withdrawal within 24hrs without delay.
Also, Hwakit allows you to post your products and sell to a large base audience who are interested in what you are selling.
Another way you can also generate money online with Hawkit is by promoting other people's products and earning a commission for every sale you refer or make for the product.
Not just that, you can also make money on Hawkit by referring your friends. For every user you refer who activates their account to a member account you earn a whooping commission of N500 for the refer.
To start generating money online on this platform, visit Hawkit.ng and register and activate your account to a member account, and begin making money immediately.
Remember, you need N1000 to activate your account to a member account, but I promise you, you are going to make that money back in no time if you are active on the platform.
I am talking from experience. So visit Hawkit.ng today and register and begin to generate money online here in Nigeria at the comfort of your home.
2. Sidegig.co
The second site on our list for generating money online is sidegig.co This is the brother to Hawkit.With sidegig.co you can make a lot of money with your mobile phone in the comfort of your home.
Back then when I started using sidegig it was sidegig.ng but now they have moved to the .co domain.
Then the registration was not free, you had to pay the N500 registration fee. But now I think it is free to register on sidegig.
There is something I don’t like about sidegig, You have to wait for more than 30 days before you can get paid.
Also, I noticed that they keep reducing my withdrawal money anytime I make a withdrawal. They said they do that if you don’t complete the jobs, to serve as a punishment and warning.
I don’t use sidegig anymore because I don’t like the way they operate these days, but honestly, I have made a lot of money off this platform.
So if you are okay with waiting for more than 30 days to receive your payment, sidegig is a great platform to generate money online here in Nigeria with your smartphone.
To get started, visit side gig.co and register and start generating money online today!
3. Freebyz.com
Freeybyz is another money-making site that you can use to generate money online.
On Freebyz you can earn money both in Naira and Dollars. That is one cool thing I like about Freebyz.
Though with many money-making indigenous sites, Freebyz isn’t free to register. You need a registration fee of N1050 to start getting jobs to do on Freebyz.
There are two ways you can make money on Freebyz:
- You can make money by completing the tasks/jobs posted by other people and you can generate money online using your smartphone
- You can make money by referring people to Freebyz and earn a whooping commission of N500 for every registered and activated member you refer to Freebyz.
If you ask me my choice of making money with the platform, I would choose referrer. Why? Because they pay well for every single person that you refer to the platform who registers as an active member.
So to get started, visit freebyz.com and register today and start generating money online in Nigeria today!
4. Owodaily.com
Owodaily is also one of the sites you can use to generate money online with just a smartphone and an Internet connection.
Ways you can earn with this site is through doing microjobs, promoting other peoples offer and also referring others to the platform.
Though I may need to warn you that, personally I have not used this site, but from my research and for how long the site has been in existence I can tell you that it is a legit site.
Just like other money generating sites in Nigeria, you need a N5000 registration fee to join Owodaily. Which renews annually. I think it is more of like a subscription site that allows you to generate money using money!
So guys, the list is non exhaustive. But I would not share something I personally have not try before just like everyother blogger out there do.
I want to make sure that I recommend something that I have used to be sure that they deliver on what they promise.
The above listed sites are some of the sites you can use to generate money online here in Nigeria using your smartphone.
I hope your quest to learn how to generate money online is been satisfied by this blog post.
If you find it helpful, don’t forget to share it. It took me time to come up with this comprehensive post. As the saying goes, “sharing is caring”.
Let me know which of the sites you like in the comments section below.
Thank you for your time
