7 Nigerians Tell Us How They Made Their First Million

Do you remember how you earned your first million?

We asked a couple of Nigerians to tell us how they made their first million and share the feelings that came with it and here’s what they had to say;


Halo Invest gives you access to the best financial insights, insider tips and tools to help you improve your relationship with money.



I made my first million at 23.

It was about 1.5 million naira, I was working back then and I decided to put money into some investments and they yielded profits.

It made me so excited, but it fuelled the desire to make more.

1 million naira began to feel like 100k. It was fulfilling sha. I kept looking at my balance with joy.

Luckily, I didn’t spend it all. I re-invested a large part of it and used the rest to pay bills.

It would have been better if I used the money to go on vacation and enjoy myself. Over time, I have realized that the money will always come back. I also need to enjoy myself while making money.


I was still a student when I earned my first million at 19. It was around 1.1 million and I made it from practicing music.

Omoo! I was on top of the world, I felt like I could buy anything! I flexed and put a large portion back into my music.

If there is anything I wish I had used the money for, it would be buying Bitcoin.

I for become billionaire today 😭

Esther, IT Specialist

I earned my first million when I was 17.

I had worked on a research project which involved the database of a new university system and got paid 1.5million naira to 1.7milllion naira. It didn’t seem like a big deal to me then because I was young.

It was realizing that I made my first million at 17 as I grew older that made me start to feel a sort of accomplishment. But at that time, I just felt the same way everyone does when they’re paid for work they did.

Haha, I was so unwise with the money.

I was fully sponsored by my parents then so I didn’t use it for anything useful. I spent the money by traveling to 3 countries in Asia and had a great time.

Now, I totally wish that I had invested that money in people I know that have skills, and also in crypto.

But the memories of Asia are worthy contenders for the regret lol.

Nnenna, Doctor

I was 25 when I earned my first million. It was exactly 1.5 million naira.

At that time I was doing an internship and I had to save up to make it.

🤣 I felt super excited about making that much and ended up spending it on international exams and a “get rich quick” forex scheme that crashed 😩

Honestly, I wish I had invested more of that money (and wisely too).


Get the best financial insights, tips, and tricks by following us on social media and signing up for our bi-weekly newsletter here 😉.



At 26, I provided consulting services to a firm trying to acquire an energy company and got paid 6.8million naira for the job.

It felt sweet when my bank manager called to confirm. I knew that it would be the first of many. So far so good.

It’s now a blur because we don rock many more millions but I reckon that I spent the first part at Coldstone.

I wish I had bought crypto back then.


I earned my first million through performance bonuses from my job when I was 23. It was exactly 1.1 million naira.

It came in two installments over a couple of months, so it didn’t really dawn on me till later. I was excited about seeing that amount in my account.

I invested the bulk of it in Agritech and stashed some away in a savings plan and a fixed deposit account (silly decision now that I think back).

Then I spent what was left. I should have spoken to a financial advisor sha.

I missed out on the opportunity to put the money in crypto and stocks!


I made my first million at 23 from selling digital products as an affiliate marketer. It was about a million-plus, I guess.

I didn’t really feel anything when it came in.

Spent some of the money on myself, gave to the church, helped people, bought stuff for people, and helped my family.

I also used the money to pay off some debt. I wish I had saved and invested some part of it at least.

How did you make your first million? Share your experience in the comments. Read other interesting articles on the blog.

Leave a Reply

Your email address will not be published. Required fields are marked *