NNU is one of the top 50 websites in Nigeria now based on Alexa rankings but it was almost completely unknown two years ago; so what’s the NNU noise about? This post tells you a number of things you probably don’t know about the nnu ng website.
- It was created in 2017 by Paul Samson and claims to be registered with the CAC (2453653).under the name G-Cyber Technologies.
- The website claims to pay people to read news and do other activities on the website.
- It charges a one time fee of ₦1,600 to join.
- It claims users can make 10,000 Naira to 50,000 Naira monthly just by reading news articles.
- It currently has over 778,000 members and 247,000+ posts.
- At a point, it was one of the top 10 most visited websites in Nigeria
- It operates the Ad Revenue Sharing model and an affiliate system
- It claims to be a poverty alleviation scheme
- It claims to pay 1,000 Naira per referral (Taken from the new user’s sign up fee)
- It claims to pay 100 Naira for logging in to your account daily, 20 Naira for each latest post you read, 20 Naira on each latest comment you leave, 500 Naira for posting approved content and 500 Naira for sharing assigned posts on Facebook.
NNU is also called NIP (NNU Income Program) and its owner claims it is not a get rich quick scheme but rather a Double Your Hustle (DYH) scheme. The owner claims this idea was first thought of by him and not copied from anywhere else, it also claims to have empowered a lot of Nigerians, none of this information has been confirmed.
According to the platform, to start earning, users must first register, pay the sign up fee and then either perform tasks such as posting, commenting and sharing on social media on the forum based website, they can also earn by referring new users to the platform, their Ad Revenue sharing system claims to pay users based on the platform’s monthly ad revenue. We cannot confirm or deny that users get paid after doing these activities.
The platform is used mainly by students, unemployed graduates and other groups of people looking for extra income with minimal investments. The owner uses the harsh Nigerian economy and high level of unemployment to convince people to join the platform with the hopes of making decent money to meet some basic needs.
NNU NIP claims to have paid out over 500 million Naira in one year, I seriously doubt this figure but without proof, there is little I can say. The platform has run some innovation contests such as NNU Millionaire and the T-Shirt challenge. The payment options for the premium membership which costs 1,600 Naira are Coupon code/E-Pin and Paystack Online Payment with Debit Cards or Bank.
The platform claims to pay out a minimum of 5,000 Naira in the user’s wallet within 24 to 48 hours, the user simply requests for withdrawal and gets paid. However, this only applies to affiliate earnings as it seems earnings from activities such as posting, commenting and sharing on social networks i.e. through the Ad Revenue Sharing model can only be used to advertise on the website – very smart of the owner I must say even though it looks quite dubious, lol.
The users can, however, choose to sell their points/activities earnings to other members who are interested in advertising for cash exchange. NARS points can also be used to play the NNU Trivia Game to earn cash in their NNU wallet.
In my opinion, the business model is a pyramid model and therefore not sustainable in the long run but the real situation may be different. If you have been a member of NNU.ng, please write your experience in the comments section to let others know the truth.