Best Business Ideas And Opportunities In Nigeria

Business Opportunities In Nigeria

Are you considering starting up a business here in

Nigeria? Have you come into some money or you have saved

up a huge chunk of money and you do not want to waste it?

Rather, you are considering investing it? Probably you are

now confused about the exact business to venture into. Or

you are a foreigner with thoughts about business

opportunities in Nigeria? 

Relax; It happens a lot. I am here to help you. Below is a

list of the top 15 Businesses thriving currently in the

country and you do not want to miss out on this

opportunity.

 
Nigeria is popularly known as the “Giant of Africa”.  The

country has about 185 million people thus making her the

most populous nation in Africa and about the seventh most 

populous nation in the world. With a lot of potential in

her youths, the nation is open to businesses that are sure

to improve the economy. In a country with such dense

population, business opportunities abound and it takes

only smart investors to see these green opportunities and

make use of it before other people do.

Below is a list of the business opportunities in Nigeria:


1.    Transport services


This can include both intra-state and inter-state

transport services. Both are viable avenues to make money

in Nigeria. Majority of the populace still do not have

cars and the purchasing power to buy cars. Hence, they

rely on public transport to go about their daily

businesses. This business thrives and more people are

getting involved on a daily basis.


2.    Supermarkets


Till this moment, there are still few supermarkets that

can adequately provide for the needs of the thriving

populace of Nigeria. This is the reason the likes of

Shoprite and a few others are smilng to the bank on a 

daily basis. If you consider this critically, this is a

great investment that will continue to yield for you for

many years to come.


3.    Television Stations


There are till date few television stations satisfying the

cravings of the Nigerian populace. With exciting shows and

good tariffs, you are sure to win many people to your

side. Instead of blowing away that much cash, why not

consider having a television station named after you.

Never mind, you can thank me later.


4.    Radio stations


New radio stations are springing up in the country at the

moment. If this is where your passion is, you need to

actualize your passion early before the market gets

saturated. You can also make adverts and make money from a

lot of other avenues. To set up a radio station is not

much of an expense.


5.    Cinema houses


It baffles me that a lot of people are not noticing this

venture. Many people go to cinema houses to queue for

their turn to see movies. Sometimes you even get there and

they tell you to come later that the hall is full.

Nigerians are fun-loving individuals and you can take

advantage of this.


6.    Event centers


Events are almost a daily activity for Nigerians and only

a smart investor will take advantage of this fact. These

events however, are gradually been shifted to event

centers and not the open fields any longer. 

Hence, those who have built event centers keep smiling to the bank 

on a daily basis without stress. Remember, this is money they

would have wasted had they not read this post. 


7.    Table water and sachet water 


“Pure water” as is popularly called by an average Nigerian

makes some smart investors money on a daily basis. Have

you ever imagined the quantity of this sachet water that

is consumed on a daily basis? Table water is also produced

by companies producing the sachet water and all yield

money for those who do this business.


8.    Clubs and bars


Nigerian youths are fun loving and you can take advantage

of this. You can consider investing in this business as it

will turn in money for you on a daily basis and maximum

profits during weekends for those who want to catch fun.

Also, visitors in Nigeria can make use of the bars and

clubs while you smile to the bank with your pockets full.


9.    Real estate


This has remained a constant problem of the teeming

populace of this country. You can provide accommodations

and then make your money; Hostels close to schools and

duplexes for rent can also be built. 

Please, do what is right now and invest your money wisely. The 

truth here is this, with this investment; you can never be broke 

because your building will remain for a long time.


10.    Clothing line


While there are several skilled fashion designers who

complain of not having enough to do, you can set up a

clothing line where they sew you beautiful attires with

your own labels and tags. These can be your brand and

gradually you begin to establish your brand and make more

money.


11.    Furniture sales


You can assemble a team of carpenters with experience in

upholstery. They can build and design furniture which will

carry your own label or brand name. With good adverts, you

stand a chance of carving out a niche for yourself. Hence,

you can make your money.


12.    Petrol stations


One good thing about this business is that you are

relevant to the market all year round. Seek information on

how to start a petrol station and the requirements and you

are on your way to building an empire.


13.    Food processing


You can buy raw materials from the farm or market and set

up an industry to process them into finished products.

This is the basis of some companies that produce fruit

juice and others. With the registration requirements in

mind, you can start this business. Mind you, a lot of raw

materials are wasted over and over again due to lack of

knowledge of what to use them for.


14.    Cold room for fishes


Consumption of frozen fish has come to stay in the

country. Daily, sellers (men and women) gather for hours

to buy fishes for sale. It is disappointing to note that

some of the sellers eventually go back home disappointed

without getting anything to sell. If you start this

business, you will surely get customers in no time.


15.    Livestock farming


A lot of Nigerians and even foreigners are aware of the vast 

opportunity this sector has to offer. The likes of catfish farming, 

poultry farming, cattle and pig business are on the increase now. Be 

fast about your choice.



It is important at this point to say that you need to

develop a heart for business. Whatever you are investing

in, please read into the details of such a venture.
 
Profits do not hike up immediately a business is set up.

Be persistent, be creative and the sky is the starting

point.