7 Multiple Streams of Income You Need in Nigeria (2025)

As an undergraduate at FUPRE, I was always searching for ideas that could guarantee me stable multiple streams of income.

I knew that salary cannot give me the good life I deserve. I have always known that even my digital marketing services alone cannot make me wealthy.

To conquer this fear of poverty, I began the search for ways to achieve financial independence.

In a bit to have multiple streams of income, I came across some mobile apps that pays real money online in Nigeria. Still, I wanted more.

I remembered someone once told me, “There are four streams that enter into the garden of Eden to make it flourish. What makes you think having one source of income is enough to make you rich? You need at least four stable channels in which money comes to you to enjoy prosperity”

Ever since I have been in search of these streams. I have gone round the world seeking legitimate ways to earn more money.

At some point, I started an online business that pays me daily. Yet, I know there are more streams.

Whether you are starting or already well to do but need some channels to preserve your wealth. This article will bless you.

Let’s start.

1. Earned Income: Get A Remote or Part time Job

Why earned income matters in multiple streams of income

If you are starting, my first is that you get a part time job. While you may not like this, I recommend you do so.

It takes one who has eating in the morning to think of what to eat in the evening.

At the early stage of your wealth building journey, what is most important is your survival. You need to be alive to make money. You need to have a roof above you to plan clearly of the next move.

So, the whole essence of getting a job is to provide for your immediate needs. That’s all. To sustain you so you don’t have to beg or be at the mercy of someone else.

Then beyond survival, you need the income from your job to fund other streams of income.

And in the choosing of job, please choose part-timeor remote. It is harder to become wealthy working full time. You are simply selling your time.

Take a part time job that gives you the time to start and fund other ventures.

Sometime in 2023, I took a full-time job at a property management company. This job paid all my bills but left me with no time.

I wake by 5am to start preparing for work and return home by 8pm tired. Literally, I could see my life fading away little by little. I became weaker in mind and body.

I didn’t have time for them anything. I had to resign five months later.

 So, get a job if you can but don’t do full time.

2. Get A Side Gig

Side income as a key part of multiple streams of income

There is a possibility your salary will be low because you are on part time as I recommended above.

Now is the time to get a side gig job from any of the best freelancing websites.

Let your salary pay your bills while you save the entire money from side projects.

Though getting a freelancing job depends more on your skills. If you have a tech or marketing skills, it become easy.

But if you don’t, don’t worry. You can always learn from this list of high income skills that pay well. Then, you proceed to getting a tech or marketing remote job.

And when I say freelance gigs, it doesn’t have to be online. Freelance gigs simply means side hustle.

I have three rules when it comes to freelancing job.

• Only apply side jobs in the areas of your strength so you don’t feel like it’s work.

• Get a side job close to where you live that you can walk down there or work remotely.

• Save the entire pay from your side job while the main income pays your bills.

If you follow all of three steps above, in no distance time, you will have enough to start a business of your own. That leads us to the next point.

3. Start A Business

Profit income as a key part of multiple streams of income

Now you have a part-time job and a side gig. The next is to start a business. I have seen so many people rush into investing with the little savings they have.

No, it is the wrong approach. Investing on these platforms is not to get rich but to preserve your wealth.

Bro, you need consistent income source before you start thinking on investing in third party businesses. Your first priority should be active exchange of money not passive income.

Pull out your savings from the side gigs and start a business where people can pay you for the products you sell. Why did I say products and not services? Here is my reason.

You have a part-time job that takes your time. You run side gigs that also need your time.

The last you want to do is to start a service business that also need your time except you can productize it.

Sell something you can count. Start a business a secondary school lady can run and your money will still be complete. It is that simple.

Don’t wait to quit and then start. You would most likely fail. Instead, start while still at your job so if you make mistakes, your salary still takes care of you.

I don’t know your line of business or industry but I assure you these systems work. Follow it as I have recommended.

4. Rent Your Space

Rental income powers your multiple streams of income

The next on my list of multiple streams of income is renting your space either to AirBnB or as shortlets.

There are lots of people coming into your state and even neighborhood every day for one purpose or the other. Most of this people wouldn’t be staying long. This makes it a good business for you.

If you have apartment in a good location with basic facilities like water, light, and security, then, list your room for shortlets.

The shortlets business is one of the top growing businesses today. It is a business displacing hotels and resorts because of the home-feeling it gives.

For your property marketing and management, contact iPropty today.

5. Start Hire Purchase

Another stream of income you should consider.

When my dad retired, he wanted to start a hire purchase business. Another business error.

If you start a business after an event (retirement, sack), you are more likely to make wrong choices because of the pressure on you.

The best time to start a business is not when you retire or quit your job. The best time is now.

Hire purchase as they popularly call it is a business where you buy a car and hand it over to someone to drive and remit a certain amount.

There are two types of hire purchase. There is one where the driver pays you a certain amount daily while the car still belongs to you.

And there is another where the driver pays you daily or weekly up until a certain amount above the price of the car. But in this case, the car belongs to the driver once he completes the total payments as agreed.

If you want to start a hire purchase business, go with the second business model.

You see the first, makes drivers overstress the car because they want to meet with your target. In the long run, they spoil the car.

The second is better because the driver will maintain the car as his own. Afterall, it will be his once he completes the payments in a given time frame.

When you are ready to start, don’t work with individual drivers. They are full of excuses.

So, the best thing to do is to work with their manager at the park or a registered company. The park wouldn’t take nonsense from the driver and so your money will always be complete.

The driver pays to the park while the park credits you. They will charge a percent but it’s worth it. You still become profitable in the long run.

6. Start An Online Business

With online business, you leverage on exisiting streams of income

When we talk about online business that pays daily, most people think it is illegal or evil. No, that is a wrong interpretation.

Any business that you start, complete the transaction, and deliver via the internet is an online business.

So, if you have a knowledge of the internet, making money online via blogging is another good source of income.

The beauty about this business is the freedom it gives you. You have time to do the things you want with the people you love.

Your success will depend on your dedication and focus.

7. Invest In The Financial Markets (Dividend Income)

Dividends strengthen your multiple streams of income

A real estate friend called me recently that he wants to invest in the financial markets. His reason was to profit from the daily dollar to naira black market exchange rate.

Rather than having the money in the bank with their many charges, he wants to preserve it in foreign currencies. That is what you get in the financial markets.

It is a market where financial transactions takes place. And this involves stocks, forex, crypto and more.

You can buy one currency against the other. You can buy stable coins and hold. Also, you can buy some of the best stocks in the exchange.

For you to do this, you need to register with a broker.

If you are trading forex, pick from this list of the best forex brokers.

If you trading stocks, pick from this list of the best stocks brokerage firms.

But if you want to invest in crypto, then, choose from this list of the best cryptocurrencies apps and platforms.

When it comes to investing in the financial markets, I recommend three rules:

• Always work with someone better than you in the markets.

• Only trade what you can afford to lose without tears.

• Put in place systems that reduce to the bare minimum your risk exposure.

In all, be careful in your trade.

Frequently Asked Questions

Conclusion On Multiple Streams On Income Ideas

Benefits Of Multiple Streams Of Income:

I want to wake up on Monday morning and decide I am going for vacation when others are rushing to work. Multiple income streams gives you the option to decide what to do with your life.

Whatever your dream may be, you need money to make it happen.

You want to run the biggest foundation, you need money. Or you want to make your parent proud, you need money.

A single means of making money cannot fund your dream. Even if it does, you will stress the good out of it. But with many sources, you have enough to give and be a blessing to others.

Even if you don’t desire to be rich, please own multiple streams of income. Government can be funny. Your boss can be unpredictable.

As a matter of facts, even technology can put your income source to end.