Starting a business in Nigeria may be a bit difficult, especially if you are a bit confused about what business to venture into.
Here is a list of top 10 most lucrative businesses in Nigeria from wealthresult.com. You may wish to consider some
- 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. Now
that the oil is drying up, people are beginning to look into other
sectors of the economy to create wealth. Below are some of the farming
in Nigeria that are serious making profit for people now:-
- Poultry Farming
This business is making average Nigerians rich. It is so lucrative
that even outsiders are coming in to invest in poultry farming the
business in Nigeria. And why not, In a country of more than 150 million
people, what would you expect? If you start with 1,000 birds and manage
your poultry farm properly, when the turnover on investment begins to
come, you will be making millions annually.
- Cassava Production
People are beginning to turn their attention to this aspect of
farming in Nigeria that has 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.
- 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.
- Rice Farming
Rice remains the most consumed food staple in Nigeria and Billions of
dollars goes into importation of this product yearly from China and
Thailand because the local farmer are unable to meet up the demand due
to poor funding and limited knowledge. Anyone who have a million dollar
to invest should get in touch and partner with me with 100% return.
$1,000,000 = $2,000,000 guaranteed.
- 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.
- Making of Fruit Juice
Nigerians drink fruit juice more than any other people. That's why
companies like La Carcella and Chivita who came into the country as
nobody are today making billions of naira annually. This business in
capital intensive but if you can afford it, it's well worth it.
- Pure Water Production
You know how popular this is in Nigeria and how many that are
dispensed daily. Though this business is capital intensive but well
worth investing into, especially if you can manage it properly with
professionalism.
- Oil and Gas Business
We are blessed and cursed with huge deposit of oil in our land which
presents some of the finest business opportunity 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. Petroleum product marketing have been
making millions for people and creating millionaires in Nigeria for
years.
- 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. Petroleum products haulage and
movement of goods from manufacturers and importers are the aspect of
haulage in Nigeria that is very lucrative now.
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