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How to Make Money Online: A Friendly Guide




Hello, and welcome to this guide on how to make money online in Nigeria. The internet has opened up a world of opportunities for earning an income from the comfort of your own home, and there are plenty of legitimate options available to Nigerians. In this guide, we’ll explore some of the most popular and friendly ways to make money online in Nigeria.

Freelancing: Your Skills are Worth Money!

One of the most popular ways to make money online is by offering freelance services. If you have a skill such as writing, graphic design, web development, or social media management, you can offer your services to clients around the world through freelance marketplaces like Upwork, Fiverr, and Freelancer. As a freelancer, you have the flexibility to work from home, set your own hours, and choose the projects that interest you. Plus, your skills are valuable and you deserve to be paid for them!

Learn Website Design here

Online Surveys: Make Your Voice Heard

Many companies are willing to pay individuals to take online surveys, which help them to gather market research data. You can sign up for survey websites like Swagbucks, Vindale Research, and Survey Junkie to earn money for completing surveys. While you won’t get rich from taking surveys, it can be a fun and easy way to make a little extra cash in your spare time.

Affiliate Marketing: Promote Products You Believe In

A very cool way to make money online is affiliate marketing. This involves promoting products or services on behalf of a company and earning a commission for each sale that you generate. You can sign up for affiliate programs through networks like Amazon Associates, Jumia Affiliate, and Konga Affiliate. To succeed in affiliate marketing, it’s important to choose products that you believe in and that are relevant to your audience.

Online Tutoring: Share Your Expertise

If you are vast and knowledgeable in a particular subject, you can offer online tutoring services to students. You can sign up for tutoring platforms like Udemy, Coursera, and Skillshare to create and sell your own courses. Online tutoring is a great way to share your knowledge and help others while earning an income. You can also create your own youtube channel for that

Virtual Assistance: Help Others Succeed

Many business owners and entrepreneurs need help with administrative tasks like email management, scheduling, and data entry. You can offer virtual assistance services to these individuals through freelance marketplaces like Upwork and PeoplePerHour. As a virtual assistant, you can help others succeed while earning an income from home. See how to be a virtual assistant here

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Online Trading: Invest Wisely

You can also make money online by trading stocks, forex, and cryptocurrencies. However, this requires a significant amount of knowledge and experience, so it’s important to do your research and invest carefully. Online trading can be a great way to earn an income, but it’s not without risk.

Blogging and Content Creation: Follow Your Passion

If you have a passion for writing or creating content, you can start a blog or YouTube channel and earn money through advertising and sponsorships. To succeed in this field, it’s important to find a niche and create high-quality, engaging content that appeals to your audience. Blogging and content creation can be a fun and rewarding way to make money online.

Social Media Marketing: Promote Brands Online

Social media marketing involves promoting products or services through social media platforms like Twitter, LinkedIn, Facebook, and Instagram. You can offer your social media marketing services to businesses and entrepreneurs who need help with building their online presence. Social media marketing can be a lucrative way to make money online, especially if you have a strong following on social media.

Graphic Design: Bring Ideas to Life

Graphic design involves creating visual content such as logos, brochures, websites, and social media graphics. If you have a talent for graphic design, you can offer your services to clients through freelance marketplaces like Upwork, Fiverr, and 99designs. Graphic design is an in-demand skill, and there are plenty of opportunities to make money online by creating visually appealing content.

In conclusion, there are many friendly ways to make money online in Nigeria. Whether you’re offering freelance services, taking online surveys, promoting products through affiliate marketing, offering virtual assistance, trading online, creating content, or providing social media marketing or graphic design services, the internet offers a wealth of opportunities to earn an income from home. However, it’s important to approach these opportunities with caution and to do your research before investing your time and money. With dedication and hard work, you can turn your skills and passion into a successful online business. Good luck!

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Money matters

What is Fuel Subsidy? See its effects





Fuel Subsidy: Imagine you’re going to a store to buy a product, let’s say bread. Normally, the price of that bread is ₦50. However, the government decides to help you out by giving the store some money so that they can sell the chocolate bar to you for only ₦30. This is called a subsidy.

Now, the same concept applies to fuel. The government gives money to fuel producers or importers so that they can sell fuel to you at a lower price. This is done to make sure that fuel is affordable for everyone because we need fuel for things like driving cars, running generators, and other activities.

What is Fuel Subsidy Removal?

Fuel subsidy removal means that the government decides to stop giving money to fuel producers or importers to reduce the cost of fuel. When this happens, the price you pay for fuel may increase because the government is no longer helping to lower the price.

But why would the government do this? Well, there are a few reasons. First, the government spends a lot of money on fuel subsidies. By removing fuel subsidies, the government can use that money for these important areas instead.

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Second, if the government stops subsidizing fuel, it can encourage the establishment of more fuel refineries within the country. This means that Nigeria won’t have to depend so much on importing fuel from other countries. Having our own refineries can boost our economy and create more jobs for Nigerians.

So, while the removal of fuel subsidies may lead to an increase in fuel prices in the short term, it can benefit the economy in the long run by freeing up money for other sectors, promoting domestic fuel production, and creating job opportunities for Nigerians.

So, let’s go into the Advantages and Disadvantages of Fuel subsidy removal

Advantages of Fuel Subsidy Removal:

  1. Economic Resource Allocation: One of the main advantages of fuel subsidy removal is that it frees up resources for other sectors of the economy. Governments often allocate a significant portion of their budget to fuel subsidies. This reallocation can lead to improved public services and overall economic growth.
  2. Enhanced Energy Independence: Fuel subsidy removal can stimulate the establishment of domestic refineries, reducing the country’s dependence on imported fuel. This increased domestic production of petroleum products enhances energy security and reduces the need for foreign exchange expenditures. It strengthens the nation’s energy independence, reducing vulnerability to international fuel price fluctuations and geopolitical risks.
  3. Economic Boost through Refinery Development: With the removal of fuel subsidies, there is a greater incentive for the establishment and growth of domestic refineries. Increased refining capacity not only reduces import reliance but also fosters the growth of related industries, such as petrochemicals and manufacturing. This boost in economic activity leads to job creation, increased investments, and a more diversified and resilient economy.
  4. Efficient Energy Use: Fuel subsidies can often lead to inefficient energy consumption and overreliance on fossil fuels. Consumers are encouraged to be more conscious of their energy usage and explore alternative energy sources. This shift towards more sustainable and efficient energy practices contributes to environmental preservation and addresses climate change concerns.
  5. Fiscal Responsibility: Fuel subsidies can strain government budgets, leading to budget deficits and unsustainable financial practices. The removal of subsidies promotes fiscal responsibility by reducing the burden on public finances. Governments can redirect these savings towards priority areas, such as infrastructure development, social welfare programs, and investment in renewable energy sources.

Disadvantages of Fuel Subsidy Removal:

  1. Increased Fuel Prices: One of the primary disadvantages of fuel subsidy removal is that it often leads to an immediate increase in fuel prices. This can cause a burden on individuals and businesses, especially those who heavily rely on fuel for transportation or power generation.
  2. Inflationary Pressure: The rise in fuel prices resulting from subsidy removal can have broader economic implications. Higher fuel costs can lead to increased production costs for businesses, which may be passed on to consumers in the form of higher prices for goods and services. This can contribute to inflationary pressures within the economy, reducing the purchasing power of individuals and potentially impacting overall economic stability.
  3. Impact on Low-Income Groups: Fuel subsidy removal can disproportionately affect low-income groups who spend a significant portion of their income on fuel. For these individuals and families, the increase in fuel prices can lead to higher transportation costs, affecting their daily commute, access to essential services, and overall living expenses. This can exacerbate income inequality and pose challenges for vulnerable populations.
  4. Social Unrest: The removal of fuel subsidies has the potential to trigger social unrest and public dissatisfaction, particularly if the increase in fuel prices is perceived as unfair or burdensome. Protests and demonstrations may arise as a result of the public’s frustration with the sudden rise in living costs.
  5. Economic Impact on Industries: Industries that heavily rely on fuel as a key input, such as transportation, logistics, and agriculture, may experience increased operational costs as a result of fuel subsidy removal. This can have a negative impact on their profitability and competitiveness, potentially leading to job losses, reduced productivity, and economic strain in these sectors.

My Thoughts

Removal of fuel subsidy in itself is not bad, so far it is utilized in other areas of the economy that would be evidently beneficial to everyone. But the fear is, where the money goes after it is removed? Do we languish in the fear of the unknown and thick darkness about the way forward as the price of things keeps increasing?

digital assets can now be used for school fee payments in Nigeria, check to see how

Nigerians predominately rely on fuel for basically everything, how will businesses thrive when prices skyrocket with nothing to back it up or regulate the aftermath of the fuel subsidy removal?

We can just hope that all will be well.

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Money matters

eNaira To Be Used For School Fees And Salary Payments





enaira wallet

Significant improvements are taking place in Nigeria, but adoption is slow. Did you know that Nigerians can now use their ATM card as IDs? I guess you didn’t know before now. See more about that here.

I have never used the enaira, but folks that have used it said it is very fast and simple and free. If there are so many positive reviews on it, I really see no reason why there has been low adoption of the technology. Maybe because it does not significantly add more value to the existing naira crash?

Why is the adoption of eNaira slow?

Today, let’s delve into the topic of eNaira adoption and explore why it’s been a bit sluggish so far. The International Monetary Fund (IMF) has shed some light on this, and one of the reasons they’ve pointed out is the phased approach adopted by the Central Bank of Nigeria (CBN). In the initial phase, access to eNaira wallets was limited to individuals with bank accounts, while non-bank account holders gained access later on.

However, this phased approach wouldn’t have been as much of a problem if the digital currency had worked as promised during its launch. Unfortunately, in May 2022, when the first upgrade was announced, it was revealed that the eNaira needed significant rework due to inconsistencies at its initial launch. Chimezie Chuta, Founder of the Nigerian Blockchain User Group and a consultant on the digital currency project, shared this insight.

Another consultant on the project, Adedeji Owonibi, Founder of Convexity, also mentioned that the launch of the eNaira was rushed. These initial hiccups may have impacted its adoption.

Now, let’s shift our focus to the efforts made by the CBN to increase the adoption of the the digital currency. They have been actively working on enhancing its appeal and usability. From integrating the eNaira with USSD technology to developing a user-friendly app, the CBN has been striving to make it easier for people to use and engage with the eNaira. They even went the extra mile by creating promotional videos during times of cash crunch to generate interest.


Despite these efforts, we’re yet to see significant results in terms of adoption. Adedeji Owonibi, in the article I mentioned earlier, shares some valuable points regarding the eNaira’s slow uptake despite the recent CBN initiatives. One key aspect he highlights is the CBN’s delay in leveraging private partnerships early on. It was only almost a year after the eNaira launch that the CBN announced opportunities for fintechs to explore investment in the digital currency. While Yusuf Jelil, Principal Manager and Business Lead for the digital currency project, expressed the CBN’s interest in collaboration, no specific investment opportunities have been announced thus far.

What’s the next step?

To further promote the use of eNaira, the CBN revealed plans to enable the payment of government university fees and salaries using the digital currency. In fact, they took their eNaira campaign to Jos and encouraged staff and students to embrace the eNaira wallet. According to Esther Tinat, the CBN Jos Branch Controller, their aim is to capture the attention of students and kickstart the payment of school fees through the eNaira. She also highlighted that the eNaira would be utilized for paying salaries in select government agencies in the future, emphasizing its cost-effectiveness.

Now, the big question arises: Will these measures increase eNaira adoption? It’s a tough one to answer, my friends. You see, historically, government policies haven’t always resonated well with Nigerians, especially when they’re enforced. So, it’s still too early to determine whether eNaira adoption will continue to stall or gradually improve.

The IMF acknowledges that the eNaira project is still a work in progress, at an early stage. They also emphasize that breaking the initial low adoption equilibrium requires a mix of clever strategies and a bit of luck.

Time will be the ultimate judge of whether the strategy of using eNaira for school fees and salaries will lead to improved adoption or if Nigerians will continue to overlook this digital currency. Let’s stay tuned and see how things unfold!

And yes, The National blockchain policy has been approved by the Nigeria Government, did you know about that too? Check it here

Remember, my dear readers, the world of finance is constantly evolving, and

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Money matters

How to become a virtual assistant: The better way





In today’s digital age, the demand for virtual assistants is rapidly growing. Many businesses, entrepreneurs, and professionals are seeking skilled individuals who can provide remote support and assistance. Becoming a virtual assistant offers a flexible work-from-home opportunity that allows you to showcase your skills, work with diverse clients, and enjoy the freedom of managing your own schedule. In this comprehensive guide, we will walk you through the steps to embark on a successful virtual assistant career, enabling you to embrace the work-from-home lifestyle.

How much do virtual assistants make?

The income of virtual assistants can vary based on several factors, including experience, skill set, niche, geographic location, and the complexity of the tasks they handle. Virtual assistants can charge either an hourly rate or a fixed project rate, depending on the client’s requirements and the nature of the work.

On average, virtual assistants can earn anywhere from $15 to $50 per hour, with more experienced and specialized virtual assistants commanding higher rates. Some highly skilled virtual assistants with in-demand expertise or niche services can earn even more.

It’s important to note that the income potential as a virtual assistant can grow over time as you gain experience, expand your skill set, and establish a strong reputation. Building a portfolio of satisfied clients and offering high-quality services can lead to increased demand and the ability to charge higher rates.

Ultimately, the income of a virtual assistant is highly dependent on the individual’s dedication, professionalism, marketing efforts, and ability to deliver exceptional value to clients.

Understanding the Role of a Virtual Assistant:

Virtual assistants have several roles which they have to define and understand, a virtual assistant must be able to:

  • Define the role of a virtual assistant and the key tasks they typically handle.
  • Explore the wide range of services you can offer as a virtual assistant, such as administrative support, social media management, content creation, customer service, and more.
  • Highlight the benefits of being a virtual assistant, including flexible working hours, location independence, and the opportunity to work with clients from various industries.

Assessing Your Skills and Niche as a Virtual Assistant:

  • Take an inventory of your existing skills, experiences, and interests.
  • Identify your areas of expertise and passion to determine your virtual assistant niche.
  • Understand the market demand for specific skills and services to make informed decisions about the services you will offer.

Building a Professional Brand:

  • Create a compelling resume and portfolio showcasing your skills, experiences, and past projects.
  • Develop a professional website to establish your online presence.
  • Utilize social media platforms to showcase your expertise and connect with potential clients.

Setting Up Your Home Office:

  • Designate a dedicated workspace in your home conducive to productivity.
  • Invest in essential tools and equipment, such as a reliable computer, high-speed internet connection, and communication software.
  • Create an organized system to manage your files, schedules, and client communications.

Finding Clients:

  • Explore various platforms and job boards specifically catering to virtual assistants, such as Upwork, Freelancer, and LinkedIn.
  • Leverage your existing network by reaching out to connections, friends, and family who may require virtual assistance.
  • Proactively market your services through social media, blogging, and guest posting to attract potential clients.

Crafting Effective Proposals and Contracts:

  • Learn how to write compelling proposals that highlight your skills and address client needs.
  • Understand the importance of clear communication and setting realistic expectations.
  • Use contracts and service agreements to protect both yourself and your clients, outlining project details, payment terms, and confidentiality clauses.

Delivering High-Quality Work:

  • Strive for excellence in every task you undertake.
  • Establish effective communication channels with your clients to ensure smooth collaboration.
  • Manage your time efficiently, meet deadlines, and maintain open lines of communication for feedback and revisions.

Expanding Your Skills and Services:

  • Continuously invest in your professional development by learning new tools, techniques, and industry trends.
  • Stay updated with the latest technology and software relevant to your niche.
  • Consider expanding your service offerings to meet the evolving needs of your clients.

Managing Work-Life Balance:

  • Set boundaries between work and personal life to avoid burnout.
  • Prioritize self-care and create a routine that supports your well-being.
  • Practice effective time management techniques to maximize productivity and maintain a healthy work-life balance.

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