Are you thinking of Investing in Nigeria but don't know where to start from or which business to invest your money into? Here are top 20 most lucrative businesses in Nigeria you can invest your money and be sure of making millions back in no time.
1. Cassava Production - People are beginning to turn their attention to this aspect of farming in Nigeria that have been neglected for years. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 - 100 Acre in a fertile area like Ondo State, your harvest will be great.
2. Import Used Cloth - Tokunbo market in Nigeria is very big and many people prefer to buy used items that are high quality than buy fakes.The cost of buying and importing used cloths is low compared to the prices in the market here in Nigeria, guarantying good turn over on investment.
3. Sale of Furniture - Buying and selling of Locally make furniture is a goldmine. You don't need to be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. It is a very big business in Nigeria as only few can afford the imported designers.
4. Snail Rearing - Snail farming is one of the choice Animal farming for many reasons. It is a low capital investment with high yield and the market is big. There are few people currently doing this - and most of them are doing it in a very low scale. If someone invest heavily in Snail farming, he is sure to make good money in Millions within a year.
5. Haulage Services - The cost of taking a truck from one place to the other in Nigeria is between N20,000 to N200,000 per trip. Due to poor rail transport system, most of the Nigerian goods are transported through the road, making haulage business in Nigeria a viable one.
6. Hotel Business -This is probably the coolest money making opportunity in Nigeria. Invest in small scale hotel of just 10 suites and watch as the money flows in. This has nothing to do with tourism boom of any kind; there is just something in Nigerians system that make this business very lucrative - Nigerians are jolly people!
7. Fast Food Eatery - Eatery business is another goldmine though poor management can kill it death! If you wish to go into this business, be sure to get everything right and don't forget it's a bit capital intensive and requires good management skills. But if you get everything right, free money is yours.
8. Importation of Tokunbo Spare Parts - If you are in USA, this business is good for you. Don't just keep importing exotic cars, gather tokunbo spare parts in containers and ship down here. There is huge market for it in Nigeria.
9. Investing in Property - Property appreciate everyday in Nigeria. Right now, Nigeria is one the countries in the world where landed property is most expensive. If you buy land now anywhere in Lagos, you are sure to make 100% profit within two years. You can buy and quickly resell and make profit. Or you buy keep and sell later.
10. Dry Cleaning - Professional dry cleaners at affordable prices are scarce in Nigeria. What we have are professional Dry Cleaners whose service fees are extremely high or mediocre dry cleaners who can never keep with time. Give them cloths today and meet it unwashed after one week. This business is a money maker if you balance it up.
11. Professional Car Wash - This business is good if you can set it up in a strategic location in a place like Lagos where there are good number of cars.
12. Sales of Building Materials - The rate at which new houses are springing up in Nigeria, you get to wonder why many people still complain of housing problem. Investing in building material is a good business and I can count some guys who are making millions almost daily in this business.
13. Set up a small poultry - Poultry is a business you can start from your backyard with 50 to 500 birds, with between N100,000 to N300,000 depending on the cash at hand. These amounts include cost of birds, the pen, feed and medication. Get somebody who is experienced to help you set up the pen. You can source woods directly from sawmill to lower the cost. Waste management in poultry is very vital; if not properly handled, it will affect the growth, production and bird performance. Whatever aspect of poultry you intend to go into is profitable. A single bird can give you an average of 730 eggs within 2years before you sell it off for say N500 or N600.
14. Firewood service - With the price of both fuel and oil rising, many people are turning back to wood stoves and fireplaces to cook their food. Wood is easy to burn and is less expensive compared to oil and gas. If you have access to any type of timber, woodland and trees, you can make your backyard a cash cow, providing chopped and split wood to those who are using wood for cooking, you need a few things like chain saw, axe, ropes, but these are rather minimal compared to what you can be making. You will be responsible for cutting; if you are not strong enough, you can hire somebody to do this for you. You will deliver wood to houses and retailers.
15. Hand-Made Carton Production Business - This is amazing to know that the everyday carton that you see lying fallow by the roadside can actually be turned into wealth just with your bare hands. A carton can also be called a box. Cartons create impact and visual interest through print, colour, surface design and shape. There are basically two types of carton package, they are heavy and light packaging cartons your customers are cosmetic shops, pharmaceutical fast-food, supermarket , cottage producers, Distillers, beverages company, etc. You do not need to fear competitors who produce with machine. Just concentrate on servicing SMEs that is gradually emerging in Nigeria. The capital needed to setup a handmade carton business could be as low as N50,000.
16. Horticulture/Gardening Business - Horticulture is the study or practice of growing flowers, fruits and vegetables. It also involves the use of iron rods in garden. The soft aspect has to do with the plants itself and it varies. It involves growing of lawns, plants, planting edges, orchard plantation, etc. The good thing about this business is that you can start with whatever you have. You can start with N1million, N500,000 or N200,000 or less. You can even start with zero capital. You can start by planting grasses or plants in a very small portion around your home. Nurture it well. Before you know it, people are admiring it and are asking you if you can do it for them. You can also start by doing it for free. Tell them to give you three months. By the time they see the outcome, no matter how small they will be forced to give you something and even give you more jobs and contacts.
1. Cassava Production - People are beginning to turn their attention to this aspect of farming in Nigeria that have been neglected for years. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 - 100 Acre in a fertile area like Ondo State, your harvest will be great.
2. Import Used Cloth - Tokunbo market in Nigeria is very big and many people prefer to buy used items that are high quality than buy fakes.The cost of buying and importing used cloths is low compared to the prices in the market here in Nigeria, guarantying good turn over on investment.
3. Sale of Furniture - Buying and selling of Locally make furniture is a goldmine. You don't need to be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. It is a very big business in Nigeria as only few can afford the imported designers.
4. Snail Rearing - Snail farming is one of the choice Animal farming for many reasons. It is a low capital investment with high yield and the market is big. There are few people currently doing this - and most of them are doing it in a very low scale. If someone invest heavily in Snail farming, he is sure to make good money in Millions within a year.
5. Haulage Services - The cost of taking a truck from one place to the other in Nigeria is between N20,000 to N200,000 per trip. Due to poor rail transport system, most of the Nigerian goods are transported through the road, making haulage business in Nigeria a viable one.
6. Hotel Business -This is probably the coolest money making opportunity in Nigeria. Invest in small scale hotel of just 10 suites and watch as the money flows in. This has nothing to do with tourism boom of any kind; there is just something in Nigerians system that make this business very lucrative - Nigerians are jolly people!
7. Fast Food Eatery - Eatery business is another goldmine though poor management can kill it death! If you wish to go into this business, be sure to get everything right and don't forget it's a bit capital intensive and requires good management skills. But if you get everything right, free money is yours.
8. Importation of Tokunbo Spare Parts - If you are in USA, this business is good for you. Don't just keep importing exotic cars, gather tokunbo spare parts in containers and ship down here. There is huge market for it in Nigeria.
9. Investing in Property - Property appreciate everyday in Nigeria. Right now, Nigeria is one the countries in the world where landed property is most expensive. If you buy land now anywhere in Lagos, you are sure to make 100% profit within two years. You can buy and quickly resell and make profit. Or you buy keep and sell later.
10. Dry Cleaning - Professional dry cleaners at affordable prices are scarce in Nigeria. What we have are professional Dry Cleaners whose service fees are extremely high or mediocre dry cleaners who can never keep with time. Give them cloths today and meet it unwashed after one week. This business is a money maker if you balance it up.
11. Professional Car Wash - This business is good if you can set it up in a strategic location in a place like Lagos where there are good number of cars.
12. Sales of Building Materials - The rate at which new houses are springing up in Nigeria, you get to wonder why many people still complain of housing problem. Investing in building material is a good business and I can count some guys who are making millions almost daily in this business.
13. Set up a small poultry - Poultry is a business you can start from your backyard with 50 to 500 birds, with between N100,000 to N300,000 depending on the cash at hand. These amounts include cost of birds, the pen, feed and medication. Get somebody who is experienced to help you set up the pen. You can source woods directly from sawmill to lower the cost. Waste management in poultry is very vital; if not properly handled, it will affect the growth, production and bird performance. Whatever aspect of poultry you intend to go into is profitable. A single bird can give you an average of 730 eggs within 2years before you sell it off for say N500 or N600.
14. Firewood service - With the price of both fuel and oil rising, many people are turning back to wood stoves and fireplaces to cook their food. Wood is easy to burn and is less expensive compared to oil and gas. If you have access to any type of timber, woodland and trees, you can make your backyard a cash cow, providing chopped and split wood to those who are using wood for cooking, you need a few things like chain saw, axe, ropes, but these are rather minimal compared to what you can be making. You will be responsible for cutting; if you are not strong enough, you can hire somebody to do this for you. You will deliver wood to houses and retailers.
15. Hand-Made Carton Production Business - This is amazing to know that the everyday carton that you see lying fallow by the roadside can actually be turned into wealth just with your bare hands. A carton can also be called a box. Cartons create impact and visual interest through print, colour, surface design and shape. There are basically two types of carton package, they are heavy and light packaging cartons your customers are cosmetic shops, pharmaceutical fast-food, supermarket , cottage producers, Distillers, beverages company, etc. You do not need to fear competitors who produce with machine. Just concentrate on servicing SMEs that is gradually emerging in Nigeria. The capital needed to setup a handmade carton business could be as low as N50,000.
16. Horticulture/Gardening Business - Horticulture is the study or practice of growing flowers, fruits and vegetables. It also involves the use of iron rods in garden. The soft aspect has to do with the plants itself and it varies. It involves growing of lawns, plants, planting edges, orchard plantation, etc. The good thing about this business is that you can start with whatever you have. You can start with N1million, N500,000 or N200,000 or less. You can even start with zero capital. You can start by planting grasses or plants in a very small portion around your home. Nurture it well. Before you know it, people are admiring it and are asking you if you can do it for them. You can also start by doing it for free. Tell them to give you three months. By the time they see the outcome, no matter how small they will be forced to give you something and even give you more jobs and contacts.
No comments:
Post a Comment