8 Things Nigerians Can Do to Survive & Thrive During Periods of Economic Hardship

In this article, I will share various things Nigerians can focus on that are outside of the government’s control. Doing these things can enable you to survive and thrive during periods of economic hardship.

First and foremost, understand that we’re all in this together. I haven’t figured everything out either, and I’m also trying to find my footing.

Here are things outside of government control to survive and thrive during periods of economic hardship:

1. A skill that you’re very good at: Developing a skill can open doors to new opportunities and provide a reliable source of income. Whether it’s a technical skill like coding or a creative skill like graphic design, honing a talent can lead to personal growth and financial stability.

2. A digital/global business: The internet offers vast opportunities to start a business that can reach a global audience. Whether it’s e-commerce, digital marketing, or providing online services, a digital business can thrive regardless of local economic conditions.

3. Farming: Agriculture can be a sustainable and profitable venture. Growing your own food not only provides security but can also be a source of income if you scale up and sell your produce. Plus, it’s a practical way to contribute to food security in your community.

4. Bitcoin and select cryptocurrencies: Investing in cryptocurrencies can be a way to diversify your assets. While the market is volatile, certain digital currencies like Bitcoin have shown long-term growth potential. However, it’s essential to research and understand the risks involved.

5. Airdrops or giveaways from genuine projects/people: In the crypto and tech space, many projects offer airdrops or giveaways as promotional tools. Participating in these can sometimes lead to significant rewards, but always verify the legitimacy of the project to avoid scams.

6. Freelance work or jobs with global companies: The rise of remote work has made it possible to work for companies anywhere in the world. Freelancing or securing a job with a global company can provide access to better-paying opportunities and broaden your professional network.

7. Local and international communities of forward-thinking people: Engaging with communities that focus on innovation, technology, and personal development can provide valuable insights, support, and collaboration opportunities. These networks can be a source of inspiration and practical advice.

8. Friends, families, partners, and networks abroad: Maintaining strong relationships with people abroad can offer diverse perspectives and opportunities. Whether it’s for business, travel, or cultural exchange, these connections can provide valuable support and open new doors.

I hope this is helpful. Feel free to add more.

What am I missing?

Crypto & Digital Asset Advocate | Finance YouTuber | +234 810 185 0909

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