Investing ₦1 million in stocks can build wealth, but starting a business may create greater income if managed properly.
Stocks offer passive, long-term growth with less personal involvement and lower operational responsibilities.
A business gives you more control and potentially higher returns, but it also carries greater risks.
The real question is whether you have the skills, market knowledge, discipline, and ability to execute successfully.
For a beginner, investing in yourself through skills and a small business can increase your earning power first.
Then, you can use your increased income to invest in stocks and other assets.
Ultimately, the best choice depends on your goals, experience, risk tolerance, and ability to create consistent profits.