We all have at some point, thought about how we can make more money. The minimum wage in Nigeria is currently ₦30,000. It becomes more and more challenging to live on just minimum wage every day. What are the things you can do to earn 20,000 Naira daily?

This article will teach you how to make 20,000 Naira daily. There are two broad ways to do this; you can choose either to do this by having one source of income that avails you the opportunity to earn ₦600,000 each month or ₦7,200,000 each year.

Or you can do this by having multiple sources of income. The number of streams depends on how many skills you can successfully monetise, the size of income you can get from each stream and the amount of time you are willing to spend doing the work.

If, for example, you have ten skills you can monetise that pay different amounts, but you can only afford to spend time on just 5, you have to find the best five that can give you the highest income; or the five you enjoy doing best that allow you reach your target. This is how to make 20,000 Naira daily. 

What are some single sources of income that can pay ₦600k per month?


Going off social media, a career in tech seems to be the most desirable 9-5 path in 2022. A role in web development, front or back end engineering and the newer fields in blockchain engineering promise to pay very lucrative salaries to highly skilled people.

You can earn top dollar by freelancing for a company abroad or by working for a Nigerian company with a large budget. To tap into this market, you need to build the expertise and the experience. This comes with time, dedication and willingness to learn.

Oil & Gas

This is the old money of the Nigerian workforce. As far back as many decades ago, Nigerians have been making lucrative salaries working for the top oil companies. Stories of how some of the entry-level staff in oil companies make millions monthly and earn 8 figure bonuses abound.

However, it is pretty difficult to break into the sector if you don’t know the right people or are incredibly smart or lucky. As such, while many people dream of working in oil and gas, most of us know that it’d likely remain just a dream.


Another old industry that is widely known as lucrative is the entertainment industry. The two main parts of entertainment known for this are movies and music. Famous artists make millions a night from playing concerts. And with a good number of shows, they are able to easily make over ₦7.2 million a year. 

With the advent of streaming, musical talents in Nigeria can upload their music to platforms like Spotify and earn from listeners in China, Finland, the US etc. These platforms pay in dollars. Given the current standing of the naira, a $10,000 payday for 2.5 million streams on Spotify is almost ₦6 million.

For the longest time, many young people want to go into acting. Beyond the allure of the fame that comes with being an actor, many believe they are also paid well. 

Many actors make hundreds of thousands or millions of naira for a single role and then make some money on the back end when the movie is sold on CDs or played in cinemas. Working out a movie like the Wedding Party which made almost ₦500 million, 1% would be ₦5 million.

Content creation

Content creation is the new branch of the entertainment industry. From the comfort of their homes, people can make videos, take pictures, write articles or create any other form of content and get paid either by the platform they post it on, like YouTube or Facebook or by brands.

The beauty of content creation is that there are no boundaries. Whether you’re incredibly funny or great at painting, dancing, singing, or reading books, you can build a community by creating content.

Top content creators in Nigeria today can make as much as ₦1 million for a single sponsored post on Instagram. Upcoming creators can charge ₦50,000 to ₦100,000 for a single social media post.


In the late 90s to early 2000s, Banking was one of the most popular lucrative professions. Almost everyone wanted to work in the bank as it was seen as prestigious and paid well. Today, the world of finance has grown beyond banks.

Other lucrative parts of Finance include working in consulting, private equity, investment banking, asset management, and Fintechs. However, to make ₦7.2 million per year, you need to work for the highest paying companies in this sector and work in more senior roles that require over five years of experience.


Trading stocks, cryptocurrency, forex, or commodities like gold, nickel, etc., is another highly rewarding endeavour. The best traders with lots of capital (think tens of millions of naira) can make millions of naira monthly income.

However, trading assets like stocks, crypto, and forex, can be very risky. You need to spend a reasonable amount of time learning the rules of the trade. You also need sizable capital to earn ₦600k monthly. If you invest time in learning how to do it, you can make a lot of money.


Gone are the days when we thought people who studied art would end up as secondary school teachers. In the age of social media and NFTs, high skilled artists can make tens of millions in naira from selling their art online.

From drawing celebrities or abstract art, people have sold their artworks within and outside Nigeria for millions.

Selling high-end real estate

Another high paying 9-5 is selling high-end real estate. The people who sell the new properties springing up in high brow areas in Lagos and Abuja are carting away millions in agent fees for brokering the sale.

For example, an agent who makes 10% fees from selling houses worth 100s of millions would be getting 10 million per house.

Experienced, highly skilled professionals

In virtually every profession in the private sector, the best performers who have worked for over 7-10 years in the top companies in their fields can make over ₦7.2 million per month. You don’t have to pivot out of your current area of expertise. 

Within your skillset, find the top companies, put in the time and effort, and sure enough, you can start making ₦20,000 a day.

What areas can you pull on to get multiple streams of income?

Content creation

Some people create content as their full-time job, and others do it part-time alongside their other endeavours. You can create videos for Facebook, YouTube and Instagram in your spare time and earn some money on those platforms and from posting sponsored content.


Writing is another great way one can make 20,000 Naira daily. Whatever subject area you’re skilled at writing, you can write for a fee. Platforms like Upwork and Fiverr give access to the global freelance marketplace. People are willing to pay for articles on virtually any topic. Are you a chef who is also good at writing about food? You can write for a fee online.

Depending on how good you are and how popular you become, you can make over ₦250,000 each month in addition to your salary.


The internet has made it possible to teach through many different mediums, and you can use that means to make money online. You can create a course to sell online and your course can be about anything. 

You can make a course teaching people how you manage your multiple streams of income; it can be about teaching tech skills, making money online in Nigeria, or even teaching people how they can create their own course.

The beautiful thing about a course is you just need to spend time creating the course once, and it can keep selling for many years later as long as it is a quality content that remains relevant.

Affiliate marketing

If you are great at convincing people to buy things, this might be a great side hustle. Affiliate marketing is all about recommending products to people online. You get a commission if they buy using your unique link or referral code.

Depending on how well you’re able to sell, you can make tens, even hundreds of thousands monthly.

Having a side business

You can have a business that involves selling goods or offering a service. You can have a wedding planning business in addition to your day job if you’re a great organiser or a catering business on the side if you love cooking.

Risevest, How to make 20,000 daily.
How to make 20,000 naira daily


If you don’t have the time to handle a profitable side hustle alongside your day job, investing is another great avenue to earn an additional source of income. Anyone who invested in Tesla shares in 2020 and held them for the whole year made over ten times what they invested. 

Those who invested in 2020 and held till November 2021 also made almost ten times their money. You can make money by finding good assets early, investing in them, and leaving them to grow over time.

Learn more about the different platforms you can use to invest in Nigeria in this article. Start investing with Rise today.


The list goes on and on. This article set out to answer the How to make 20,000 Naira daily question. And if you have the time and dedication, each of the main hustles can be a side hustle. While you may not be able to go from making ₦1000 a day (minimum wage) to ₦20,000 daily in one day, you can do it given the right amount of time and effort.