In Nigeria, the allure of rapid wealth is pervasive. This mindset, often termed the "get rich quick syndrome," is fueled by societal pressures, unemployment, and the glamorization of wealth on social media. Many people, facing limited opportunities, are drawn to schemes promising swift financial gains, often without fully understanding the risks involved.
In this Nigeria where hustle is daily survival, we get it. The moment someone says “double your money,” our ears stand. When screenshots of “₦400K in 2 days” pop up, it’s hard not to dream.
But the thing is, wealth that comes without structure rarely stays. Remember MBA ? Forex? Racksterli? Same pattern. Different names. Same outcome: loss.
Many so-called investment platforms out here operate in the shadows, no regulation, no transparency, just vibes.
Investing in such platforms can lead to significant financial losses, as seen in the recent CBEX incident. It's crucial to recognize that if an investment opportunity sounds too good to be true, it probably is.
The recent disappearance of CBEX, a platform many trusted with their savings, has left countless Nigerians reeling. This wasn't just a financial loss, it was a blow to trust, dreams, and the hope of a better future. Such incidents underscore the dangers of get-rich-quick schemes and the importance of due diligence.
So What Now? What Do We Do Differently?
Let’s get real:
? Educate Before You Invest:
Don’t just ask “how much is the ROI?” Ask “where is the money coming from?”, “who runs this?”, “are they regulated?”
? Invest in Yourself First:
Skills will outlast hype. Courses, certifications, and even that small YouTube learning binge will add up. Instead of N50k into a mystery platform, what if you learned video editing or digital marketing instead?
? Avoid Investment Peer Pressure:
Just because “everyone is doing it” doesn’t mean it’s right for you. If someone says “just trust me,” ask for proof, licenses, and logic.
? Say No to Secrecy:
If a platform doesn’t show you their leadership, legal documents, or business model, please run. Real investments are not shy.
This Is Not The End
If you've ever lost money to Ponzi-esque models, it’s okay to feel heartbroken. But also, this is not your financial obituary. You’ll bounce back. Now with sharper eyes, tougher questions, and smarter moves.
Let’s stop chasing “rich by Friday” energy. Let’s start building “wealth by 30, stability by 35, chill by 40” energy.
Steps to Channel Your Money Wisely
Educate Yourself: Before investing, take the time to understand the platform, its operations, and its legitimacy.
Seek Professional Advice: Consult financial advisors or trusted individuals before making significant financial decisions.
Diversify Investments: Don't put all your money into one venture. Spread your investments to mitigate risks.
Avoid Pressure: Be wary of schemes that pressure you to invest quickly. Take your time to make informed decisions.
Building a Sustainable Financial Future
True financial growth comes from patience, education, and informed decisions. Instead of chasing quick money, focus on building skills, saving diligently, and investing in reputable ventures. Remember, wealth built over time is more sustainable and less likely to vanish overnight.
