)
Due to
the population, Nigeria has often been called the giant of Africa. And in the
early 70's, experts began to talk about the fact that this is the first country
on the continent to achieve economic stability. And they were not mistaken. 10
fastest growing business in Nigeria.
1. Agriculture:
This is
the next revolutionary industry in Nigeria where millionaires are currently
being made. Nigerians both home and overseas are beginning to wake up to the
huge potentials in Agribusiness, a sector we have been neglecting over the
years due to the discovery of oil. Today the oil is running out, people are
starting to look for other sectors of the economy to create wealth. Below are
some of the farming in Nigeria that are seriously making profit for people now:
- Poultry Farming; - Cassava Production; - Snail Rearing; - Rice Farming.
2.
Making of Fruit Juice:
Nigerians consume fruit juice in higher volume
than a lot of other countries. That’s why companies like La Carsera, Chivita,
etc. who came into the country as nobodies are now making billions of naira
annually. This business in capital intensive but if you can afford it, it’s
well worth it.
3.
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 sell in your showroom. This is a very big business in
Nigeria, as only a few can afford imported designers.
4. Sachet/Table Water Production:
Do you
know how popular this product is in Nigeria and how many of it is issued daily?
Though this business is capital intensive but it is worth the investment,
especially if you can manage it properly with professionalism.
5. Oil and Gas:
How to start a business in Nigeria with little
capital? We are blessed and cursed by the huge oil reserves on our land, which
represents some of the best business opportunities for Nigerians and
foreigners. Owning a Petrol Filling Station, supplying of Diesel, and
distribution of Kerosene are some the areas you can invest easily and make good
money for yourself. Oil product marketing has made millions for Nigerians for
years.
6.
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 the poor rail system, most Nigerian goods are
transported by road, which makes the trucking business in Nigeria viable.
Petroleum products haulage and movement of goods from manufacturers and
importers are the aspect of haulage in Nigeria that is very lucrative now.
7. Hotel:
This is
probably the coolest opportunity to make money in Nigeria. Invest in small
scale hotel of just 10 suites and watch as the money flows in. This has nothing
to do with the tourist boom of any kind: There is just something in the
Nigerians system that makes this business very lucrative - Nigerians are people that love entertainment!
8. Fast Food/Eatery:
This business is another goldmine though poor
management can kill it! If you want to do this business, make sure that
everything is in order and do not forget that this is a little
capital-intensive process and requires good management skills. But if you get
everything right, then you can make good money.
9. Importation of Automobile Spare Parts:
If you
are in USA, Germany, or Denmark, this business is especially good for you.
Don’t just keep importing exotic cars, gather ‘tokunbo’ spare parts in
containers and ship it down to Nigeria. There is a huge market for used (tokunbo)
spare parts in Nigeria.
10. 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 State, you will definitely get
100% return within two years. You can buy and quickly resell and make profit.
Or you buy keep and sell later. To sum up, understand this; the most important
thing is that you do something with your money instead of keeping it in the
bank where the bank will use it for business and give you little or nothing.
Read more: https://www.naij.com/1101089-fastest-growing-business-nigeria-2017.html
Be_Inspired!!!
No comments:
Post a Comment