Nigeria’s economy is generally a middle-income, mixed type one, combining a blend of private and state-owned businesses to produce an annual nominal GDP of $514 million. That figure makes it the world’s 27th largest economy and Africa’s top one. From 2000 to 2012, the country’s buying strength almost tripled. It now ranks as the 24th on the planet regarding purchasing power parity.
Naturally, a lot of this has to do with improvements in Nigeria’s telecommunications sector over this past decade, which dramatically improved internet penetration in the country. DataReportal claims that from 2020 to 2021, the number of Nigerian internet users grew by 22% (19 million). Hence, it is clear that with widespread internet access, Nigeria will likely become a booming tech hub, plus a vast technological market.
In May 2021, Lagos-based payment processor Flutterwave announced that it raised $170 million in venture capital investments. And in October 2020, the Irish-American company Stripe acquired Paystack, the famous Nigerian payment processor, for more than $200, expanding its services in Africa. All this is proof of the digital revolution currently taking place in Naija, as an ever-growing section of its population is earning a sizeable chunk, if not all, of their income online.
Completing Online Surveys
The global online survey software market boasted an estimated $5 billion in 2020, and projections now state that it will start pulling in close to $4 billion more per year by 2026. Online polls help businesses make better decisions on how to run their operations, and without a doubt, they are one of the simplest ways anyone can make money over the internet. All one has to do is answer pages of questions concerning something they have experience with, or, in some cases, none at all. Most platforms offering such a service also require users to perform tasks other than answering questionnaires to earn rewards. These may include watching videos and playing games. Also, they primarily pay via e-wallets, cryptos, or gift cards on a weekly or monthly basis. TimeBucks, TGM Panel, and SurveyTime are among the most popular survey sites that thousands of Nigerians use daily.
Affiliate Marketing
Affiliate marketing is a performance-based advertising system where a company rewards its affiliates depending on how many customers they bring in within a set timeframe. Anyone can be an affiliate, even individuals, as all that matters is that they can drive business to a service/retail store. Currently, most research market firms believe that entities in this sector generate around $12 billion in global revenues per year. Multiple affiliate marketing niches are tremendously popular, with online iGaming being particularly lucrative, even though affiliates do not target local players. Per online reviews, the best affiliate marketing programs in Nigeria include Expertnaire, Jumia, Konga, PayPorte, and Wakanow. They all supply above-average referral commissions.
Freelancing as a Virtual Assistant & Tutor
Allied Market Research believes that the global virtual assistant market will hit a global size of $44 billion by 2027, growing at an annual rate of 37%, while Grand View Research thinks that the virtual tutoring one will be raking in 6.4 billion per year. Of course, both of these spheres got significantly boosted by the global COVID-19 pandemic, causing them to flourish everywhere. The same holds for Nigeria, where online hubs like CityTutors, ChatClass, Tuteria, and PrepClass, have prospered over the last two years. Demand for virtual assistants in Nigeria has also dramatically increased, with the number of Nigerian candidates for such jobs jumping substantially on freelance sites like Truelancer and Upwork.
Trading Cryptocurrencies
For the past half a decade, cryptocurrencies have been all the rage in Nigeria. In 2017, Bitcoin trading in Naija rose by 1,500%, and globally, per data from LocalBitoin, it trailed behind only China. Year after year, the crypto craze grew in Nigeria, causing the Central bank, in February 2021, to bar all local financial institutions from working with cryptos. Yet, that only seems to have increased many Nigerians’ appetite to keep trading cryptos, as in August 2021, the national cryptocurrency transaction volume hit a record $44.4 million. Thus, it seems like restricting exchanges from accessing the banking system only encouraged crypto activity to go back to where it initially thrived – underground. Although fragile, the Nigerian crypto industry has adjusted to the banking ban and is prospering.
Netcontacts Business
NetContacts is an online empowerment business where its members are paid by the people they invite to register as NetContacts member under them, through their “Invitation Code”(IC). Whenever any member invites somebody to register under him/her as netcontacts member, the person registers as “Free Membership”. As a Free Membership you cannot invite other people to register under you until you migrate to “Active Member” by paying a token of ₦1,500 membership activation fee to the person that invited you, before your account can become as Active Membership. Thereafter it’s at this point you can now also invite others and be paid too. It’s very important to know that the ₦1,500 you’ll pay into the account of the person that invited is done once for life.
Mathematically, it’s very simple:
If you refer one (1) person and you’ll get paid ₦1,500 and there’s no limit to the number of people you can invite as Netcontacts membership.
- 1 person = ₦1,500
- 5 people = ₦7,500
- 10 people = ₦15,000
- 20 people = ₦30,000
- 50 people = ₦75,000
- 100 people = ₦150,000
- 1000 people = ₦1,500,000….etc That’s how it goes.
Note:- This is not a “Get Rich Quick” class, but a class of entrepreneur minds where only the effort of your hard work, bears seeds (reward) for you.
Steps to register
Step 1
Log on to https://www.netcontacts.com.ng
Step 2
Click on “Register” and register on the platform with your personal information. You would be asked for your Invitation Code. If you have Invitation Code (IC) from someone input it. However if you don’t have, then kindly proceed with your registration without Invitation Code(IC).
STEP 3
Kindly check your inbox/spam for Email Verification to confirm your account.
STEP 4
This is the stage you make payment of ₦ 1,500 to your referral account as shown on your Dashboard. However, we’ll advise you first contact your referral for immediate activation once payment is confirmed. What this means is that only the person that you registered with through him/her Referral link or Invitation Code as shown in your Dashboard can activate your account.
STEP 5
After payment is made into the account details of the person that invited you, your account will now be activated and then have full access to NetContacts Nigeria features. As a PAID MEMBERSHIP you can now start inviting as many people as you like using your referral link or Invitation Code. There’s no limit on the people you can invite. The more people you invite to join NetContacts, the more you smile to the bank. Isn’t that great? Yes of course! Also as an active Member you can promote your products and services here for FREE.
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