Do you intend to start a business of your
own here in Nigeria but finding it difficult to pick the right one you can
invest your time and money into and be guaranteed of a consistent income? Not
to worry because, in the article, I will be listing the various most lucrative
businesses you can start in Nigeria.
Starting a business is something, everyone
should consider doing most especially if you are a fresh graduate instead of
waiting for white-collar jobs that are not even there or are been given to some
selected few.
Despite the fact that it looks like The crude Oil business is the top-earning business in Nigeria which is true but
requires large capital to start, there are other businesses that people can
venture into and make a good return on investment aside crude oil.
Here is a list of the most lucrative
businesses you can start in Nigeria
Internet Business
I so much love this business. The internet
has provided a great platform for people to make legit money irrespective of
your age, there are different businesses you can start on the internet which
includes blogging, vlogging, app development, web designing, freelancing,
affiliate marketing etc.
The internet also helps local businesses to
get more exposure thereby bringing more customers to them and increasing their
sales. No matter the kind of business you intend to go into, you should also
think of taking your business online.
Fashion
The fashion business is one of the fastest-growing businesses all over the world and Nigeria is also a very good country
to start your fashion business. This billion-dollar industry still has room for
new start-ups.
The fashion business has grown from just clothes alone but to
other items to that up fashion which includes bags, shoes, watches, eyeglasses
etc. you can decide to venture into any of the different fashion business and
make a good return on investment.
Agribusiness
Agriculture can be considered as the second-largest business in Nigeria and it is something no one can do without. There are
millions of Naira to be making in this business.
There are different
agribusinesses anyone can start ranging from poultry farming, cassava
production, rice farming, fish farming, etc. This is a business that is in high demand
because people cannot do without it.
Haulage
Every day, goods are being moved from one
place to another and since it is very expensive to move goods in the air and
the bad state of the rail transport, this makes road the alternative for people
and makes the haulage business a very lucrative business to venture into.
There
are different goods that need to be transported around which includes
agricultural products, building equipment’s, petroleum products, plants, and
equipments, etc. All you need is a truck that has the capacity to carry a large
number of goods.
The least business when it comes to haulage is the carry of people’s
property and you can make up to ₦15,000 per trip.
Supplier Business
There are different companies and
businesses that are in need of one item or the other and as a supplier, your job
will be to make whatever they need available to them at all times.
This item
includes stationaries, petroleum products, securities, etc. You can as well
supply items used by people on a daily basis to shops and supermarket which
includes tissue papers, soup, drinks, etc.
All you have to do is register as a
distributor in any of the manufacturing companies then meet up with your
potential customers to make a deal with them so you can start supplying to them
and make money.
Transportation Business
When you come out of your house any day of
the week, you will notice thousands if not millions of people going to one
place or the other and for the fact that majority do not have a private
vehicle, they will have to look for a means to get to their destination.
This
business is ever lucrative as there are always people to carry around. You can
start by putting taxi or keke on the road to hire purchase where you get
either weekly or monthly returns.
Mobile Banking
The rate at which people visit the bank to
make one transaction or the other in Nigeria is high. Most time you will have
to wait in line for a long time before you get attended to which is why people
are looking for ways to make things easier.
This business involves you doing
the same transaction as a bank which includes a collection of deposits,
withdrawals, paying bills, etc. With the use of a POS, you can start this
business and make money from it.
Real Estate
This business is becoming very lucrative as
people are beginning to know the value of having a landing property. The good
thing about this business is that it keeps appreciating.
You can see a place
where lands are sold for ₦300,000 and when you go back there after 5 years you
will be begging to get a piece of land for ₦1,000,000. This shows how
profitable this business is.
Oil and Gas Business
This is indeed the biggest business in
Nigeria and you can still tap into the business to make money.
There are
different ways you can approach this business which includes supplying of
diesel or petrol, importation of petroleum products, opening a filling station, etc.
You are sure to make millions in this business.
Catering Business
Unlike a restaurant business where you have
to cook on a daily basis, starting a catering business is an alternative and
also lucrative in Nigeria.
Almost every week, one event or the other takes
place in our neighborhood and you can use this as an avenue to kick starts
your business.
All you need in this business is first to know how to cook
almost all kinds of local dishes (international dishes will be an advantage)
then get the necessary equipment’s
2 Comments
nice article you have here
ReplyDeleteThanks for sharing this useful tips
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