The good news is, there are several opportunities available for Nigerian students to earn money in 2024, without compromising their academic pursuits. In this guide, we are going to review what some of those are.

How To Make Money In Nigeria As A Student

Freelancing

Freelancing has become increasingly popular in Nigeria, offering anyone the ability & flexibility to work on their own terms and earn money with their abilities. As such, freelancing is definitely one of the best ways to make money in Nigeria as a student in 2024.

Platforms such as Upwork, Fiverr, Freelancer and some others provide a plethora of opportunities for students to offer services such as writing, graphic design, programming, and digital marketing. 

To get started, all you have to do is:

1. Register on any platform of your choosing – It's important to choose the right platform for you and read through its guidelines.

2. Set your profile up for success – When done right, you'll be able to attract the right kind of clients and make tons of money offering your services to them.

3. Obey the rules and maintain good practices – If you're able to read through the rules of the platform selected, obey them and maintain regular good practices.

Once you have these sorted, all that's left is to send quality proposals and market your services. One good way to make this happen is to leverage social media or build a small website (landing page). With these intact, you'll be able to attract quality clients and make money online as a Nigerian student.

Part-Time Jobs on Campus

Another way to make money as a Nigerian student in 2024 is to do part-time jobs. Many universities in Nigeria offer part-time job opportunities for students right on campus. These jobs, which can range from administrative roles to working in the library or cafeteria. They provide students with a convenient way to earn money without having to commute.

These part-time jobs can be extremely lucrative if the student in question is hardworking and diligent. Of course, balancing academics with a part-time job requires effective time management skills, but the benefits – such as gaining work experience, networking opportunities and making extra income, make it worthwhile.

To maximise their earnings from part-time jobs on campus, students are advised to seek out positions that align with their career goals or interests. For instance, a student studying hospitality management may find valuable experience working in a campus restaurant or event planning office. Whereas, a student studying administrative courses may find a lot of joy and experience working in the school admin offices or even the library.

Online Tutoring and Academic Assistance

Online tutoring and academic assistance is yet another fantastic way to make money in Nigeria as a student. With the rise of online learning, there is a growing demand for tutors and their educational services.

It's a no-brainer that a student who excels in certain subjects can leverage their expertise by offering tutoring services to not only peers or students from other institutions, but also to people in different countries, worldwide.

Local platforms such as TutorNG and PrepClass connect tutors with students seeking academic assistance, providing an avenue for students to monetize their knowledge and help others succeed academically. International platforms such as Udemy and Teachable offer these same opportunities but on a bigger scale.

Without a doubt, students expanding their tutoring services beyond traditional subjects can also be lucrative. For instance, you can offer test preparation courses for standardised exams like the SAT or GRE. This will obviously attract students willing to pay premium rates for such specialised instruction. Additionally, you can choose to collaborate with other tutors or educators in a bid to offer group sessions or workshops. This will also increase your earning potential as you can provide better value to more students.

Starting a Small Business

Entrepreneurship offers Nigerian students the opportunity to create their own income-generating ventures. From selling handmade crafts to offering laundry services or starting a small food business, there are lots of business ideas that you can review as a student looking to make money in Nigeria.

Of course, starting a business is no joke. It requires a lot of dedication and hard work but clearly it comes with a lot of reward – being your own boss and making great profit.

One of the best ways you can expand your business venture as a student looking to make money in Nigeria is to leverage technology and innovation. For instance, if you're a student with great interest in fashion design, you can decide to launch an online boutique selling clothes via social media platforms or ecommerce stores. If you're able to strategically apply unique digital marketing strategies for your business, you'd be well on your way to success as a business owner.

Utilise Social Media and Content Creation

Another great way to make money is to leverage social media. Social media influencing has emerged as a lucrative career path for many.

By building a strong online presence and cultivating a loyal following on selected social platforms, you can attract quality sponsorship deals as well as collaboration with brands. You can also showcase your skill and creativity via content creation especially on video-based platforms such as YouTube, TikTok and Instagram. These platforms are known to pay creators handsomely.

You can also get quality clients or customers for any other business you might have.

In order to succeed as a social media influencer or content creator as a student, you need to focus on building authentic relationships with your audience. This includes engaging your followers via comments, live streams and direct messages.

You can also collaborate with other influencers or participate in sponsored campaigns that can help you boost your reach and achieve your goals.

Freelance Writing

If you're passionate about writing, then you are 50% closer to your goal. Freelancer writing gives you a viable way to earn money while honing and showcasing your craft. Different content platforms, brands and websites are always in need of quality written content. This gives you the opportunity to write unique blog posts, copy and articles for them. By building a portfolio and establishing a reputation for delivering high-quality work, students can attract clients and command competitive rates.

Additional ways to make money in Nigeria as a student while freelance writing can mean expanding beyond traditional mediums. For instance, students can offer content creation services for podcasts, newsletters and even social media campaigns in a bid to attract and serve diverse clients worldwide. You can even go on to specialise in niche topics and industries, positioning yourself as a high-demand professional who commands better rates for their services.

Offering Technical Services

In today's digital age, technical skills such as web development, graphic design, and digital marketing are in high demand. As a student looking to make money in Nigeria, having these technical skills is a huge plus for you! Students who possess these skills can offer their services to individuals and businesses looking to enhance their online presence.

Ideally, you need to stay updated on latest trends and technologies as you strive to carve out a niche for yourself – work hard to become an expert in your field of choosing. For instance, you can start by learning any skill of choice, and getting certified in these fields. With this you can set up social media pages or leverage platforms that allow people to offer these services to their vast client base.

You can also decide to offer consultation services as well as workshops to businesses that need expertise in selected areas. This will help diversify your income stream for the longer-term.

Investing in Stocks and Cryptocurrency

One of the best ways to make money quickly and steadily as a student in Nigeria in 2024 is to invest in stocks and cryptocurrency. Investing offers students the opportunity to grow their wealth over time and build a secure financial future.

Of course, it goes without saying that the risk level is higher here and you also need high levels of risk tolerance but truly, investing in stocks and cryptocurrency can yield significant returns if done wisely. One of the best ways to do this is to start small. Diversify your investment portfolio and you'll be able to mitigate risks as well as capitalise on opportunities that arise in the financial market.

In order to succeed as a student investor, you're advised to focus a lot of your energy on developing sound investment strategies that are based on your set financial goals, risk tolerance as well as time horizon. This basically means conducting thorough research, spreading your portfolio across different asset classes as well as staying up to date with market trends and developments.

The dawn of technology means you can also leverage different trading and investment applications which will help you make better decisions at all times.

Utilising Scholarship and Grant Opportunities

This is yet another fantastic way for Nigerian students to earn. Scholarships and grants means students get financial support based on academic achievement, financial need, or specific criteria. These students are advised to actively seek out scholarship and grant opportunities available from government agencies, non-profit organisations, and private institutions. 

All they have to do is to submit compelling applications and meet certain eligibility criteria. With this they can secure funding to cover tuition fees, living expenses, and other educational costs.

It's important to note that students going further to expand their scholarship and grant search beyond traditional sources could also be quite beneficial to them. For instance, students can explore scholarships offered by professional associations, cultural organisations, or companies in their field of study.

Additionally, students can pursue merit-based scholarships or awards based on their extracurricular achievements, leadership experience, or community involvement, further increasing their chances of securing financial assistance for sure.

Accepting & Accessing Funds With Super

One thing that is synonymous with all of the ways students can make money in Nigeria in 2024 is the opportunity to access an international client base. This means one way or the other, you'll need to receive payments to Nigeria.

With Super, you get an international payment platform that offers everything all the traditional and available platforms are offering plus more. And by more, we mean lots more.

– Faster KYC approval

– Quicker payment processing times

– Best exchange rates in the market

There's just so much you can do with Super as a student earning money in Nigeria using any of the means discussed above.

Conclusion

In conclusion, Nigerian students have a wealth of opportunities available to them to make money while studying in 2024. Whether it's freelancing, part-time jobs, entrepreneurship, or investing, the ultimate secret to success in any of these is to leverage their skills, interests, and resources in a bid to generate more income. 

All you have to do as a student in order to make this happen is to take initiative, be proactive and completely embrace the entrepreneurial spirit.