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Most Profitable Investment In Nigeria – Planning your business starts with an idea, and that’s one of the things we know how to do best on this site – ideas and lots of them. Are you thinking of starting a business in Nigeria but don’t know where to start or what business to invest your money in to make a profit? Below are the top 20 businesses in Nigeria that you can invest your money in if you feel you are good at managing your own business.
This list of business ideas in Nigeria is made up of real business ideas, not just some random random business ideas. Profit. Business is up to date and relevant in 2016 and beyond. But before we proceed, I want to take a look at some important reasons for starting a business in Nigeria.
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It is hard to explain why Nigerians flee their land that flows with milk and honey to other countries where they can gather half the opportunities they have here. Why do Nigerians give up the many business opportunities in their country and choose to travel far and become slaves, leaving wealth at home for South Africans, Lebanese, Indians, Chinese, even Egyptians to plunder?
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Most of the fastest growing businesses and companies in Nigeria today are owned by foreigners. We want the equation to change, go to the infographic below, see why Nigeria is the testing ground in Africa for business and start seizing the opportunity.
Now that you’re ready, click on one of the business ideas and read the details about the specific business that interests you. And if you need additional help, you can leave a question or comment about this article or any article for further clarification.
This is the next revolutionary industry in Nigeria where today’s millionaires are made. Nigerians at home and abroad are waking up to the great potential in agribusiness, a sector that has been neglected for years due to the discovery of oil. Now that oil has dried up, people are starting to look to other sectors of the economy to create wealth. Here are some jobs in Nigeria that are making money for people today:
This business is making the average Nigerian rich. It is so good that even foreigners are coming to invest in poultry business in Nigeria. And why not, in a country of over 150 million people, what do you expect? If you start with 1000 birds and manage your poultry farm properly, once the investment turnover starts, you will earn millions every year.
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People are turning their attention to aspects of agriculture in Nigeria that have been neglected for years. Foods derived from cassava are among the most consumed foods in Nigeria. If you can invest in cultivating 50 to 100 hectares in a fertile area like Ondo State, your harvest will be huge.
Snail farming is one of the livestock farms of choice for many reasons. It is a low investment with high returns and a large market. Few people are doing it now – and most of them are doing it on a small scale. If people invest a lot in snail farming, they will surely earn millions of good income every year.
Rice remains the most consumed staple food in Nigeria, with billions of dollars imported annually from China and Thailand as local farmers are unable to meet demand due to lack of funds and limited knowledge. Anyone with a million dollars to invest should contact me and partner with me for 100% return. $1,000,000 = $2,000,000 guaranteed.
Buying and selling local furniture is a gold mine. You don’t have to be a carpenter to do this, just organize neat supplies from trusted craftsmen when displaying and selling in your showroom. It is a very big business in Nigeria because few imported designers can afford it.
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Nigerians drink more fruit juice than anyone else. That’s why companies like La Carcella and Chivita are coming to the country because now neither of them are making billions of dollars a year. This business is capital intensive, but if you can afford it, it’s worth it.
You know how popular this is in Nigeria and how much it is distributed every day. Although this business is capital intensive, it is worth the investment, especially if you manage it professionally.
We are blessed and cursed with abundant oil reserves in our country which offers some of the best business opportunities for Nigerians and foreigners alike. Owning a gas station, diesel supply and kerosene distribution are among the areas where you can easily invest and earn good income. Marketing of petroleum products has made millions in Nigeria over the years.
The cost of taking a truck from one place to another in Nigeria is between N20,000 and N200,000 per trip. Due to the poor rail transport system, most of Nigeria’s goods are transported by road and freight trade is viable in Nigeria. The transportation of petroleum products and the movement of goods from producers and importers are aspects of transportation in Nigeria that are currently profitable.
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This is probably the best money making opportunity in Nigeria. Invest in a small hotel with only 10 suites and watch the money flow. This has nothing to do with the tourism boom. It is only in the Nigerian system that makes this business so profitable – Nigerians are fun people!
The catering business is another gold mine, although bad management can destroy it! If you want to enter this business, make sure to do everything right and don’t forget that it is somewhat capital intensive and requires good management skills. But if you do everything right, you will have free money.
If you are in USA, Germany or Denmark, this business is better for you. Don’t just import exotic cars, collect Tokenbo spare parts in containers and send them to Nigeria. There is a large market for used spare parts (tokunbo) in Nigeria.
Property is appreciated every day in Nigeria. Today, Nigeria is one of the countries that has the most expensive real estate. If you buy land anywhere in Lagos now, you are sure to get 100% profit within two years. You can buy and sell quickly and make a profit. Or you buy immediately and sell later.
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Professional dry cleaners at affordable prices are rare in Nigeria. What we have are professional laundries whose service costs are too high or average laundries that cannot keep up with the times. Today I gave the cloth and after a week I found it unwashed. If you have balance, this business will make money.
This business is good if you can set it up in a strategic location in a place like Lagos where there are many cars. You.
With the rapid growth of new houses in Nigeria, you wonder why so many people still complain about housing problems. Investing in building materials is a good business in Nigeria. I can count several people who make millions in this business almost every day.
Those in this sector of the economy are transport companies that are poorly managed by local leaders and their companies. Invest in this business with good management and you will wonder if it is worth the money. Read: How to start a taxi company in Nigeria
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The business of the school is unique. My little kids school fees are close to a million naira per term just to learn ABC! School business at any level is a serious business in Nigeria generating millions of naira.
There is no better way to grow an economy than to export some of the country’s abundant raw materials.
As Nigeria’s online presence continues to grow, so do advertisers. Thousands of businesses in Nigeria are doing their business online to capitalize on the Nigerian Internet user community and market their products. This influx has created more business opportunities in Nigeria for savvy digital marketers. You can also start your own online advertising agency in Nigeria today and earn millions.
Nigerians are probably one of the most stylish people in the world. Fashion designers are becoming millionaires in Nigeria every day because of the revolution in the Nigerian fashion business brought about by the booming entertainment industry in Nigeria.
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Do you know that Nigeria is the entertainment capital of Africa? Did you also know that Nigeria is the highest consumer of media content in Africa? Now you can see how vibrant and profitable media and showbiz can be in Nigeria.
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