- Sales of Cement/Building Materials:
Investing in the supply and distribution of cement and other building materials such as tiles, roofing sheet, steel
rods, asbestos etc is a lucrative business considering the number of new house
construction springing up everyday across the nation. I know quite a number of
Nigerians making millions from this profitable venture. When you talk
of thriving businesses in Nigeria, it is difficult not to mention the business
of selling building materials.
Another powerful item on
this list of hot business ideas in Nigeria is cosmetics and fashion accessories
production. After a fruitless search for job, many graduates have discovered
solid wealth in the production of toothpick, chalk, candle, soap, shampoo,
paint, air freshener, bleach, insecticide and other household items. It is
worthy to note that although you can start the manufacture of some of these
products with as little capital as N5000, your success hangs on how effective
your packaging and marketing is.
- Security Agency:
Providing security is a
profitable business in Nigeria. Nigerians have come to realize that security of
life and property is not the responsibility of the government alone. This is
the sole reason why setting up a security outfit which supplies security
personnel to man estates, as bodyguards for wealthy individuals, security
guards for banks and big companies as well as providing security during event
is a profitable business idea.
- Real Estate Business:
Dealing in landed and
housing properties is a lucrative small scale business in Nigeria. Any day any
time, investing in landed and housing properties is a money spinner I will
always recommend to people who are not certain about what business to start.
You
will discover that some people just pile up money in the bank without a good idea of what to invest in.
Although this business is capital intensive
unless you partner with others, building low and high cost accommodation units, student hostels, shopping malls and event center is one of
the easiest way to make it big from one of man's basic need, 'shelter'
- Palm Oil Storage Business:
Palm oil business continues
to be among viable business ideas in Nigeria for many years now. You can easily
make a fortune of almost 60-70 percent returns on your capital is this
profitable business. Reselling palm oil purchased cheaply during the peak season (July)
for high profit margin during the off-peak season (February-April) is a
business many Nigerians are currently making cool money from
- Online Business and E-commerce:
This is one of the most
profitable small scale business in Nigeria as of today.
Many Nigerians, even
students make millions monthly off the internet legitimately. Talk
of prominent bloggers like Jide of Ogbongeblog and Linda of LindaIkeji as well as big online
stores like Konga and Jumia. These successful online entrepreneurs are into affiliate marketing, information marketing, Bulk SMS services, payment exchange, web design and
development, SEO etc. Internet business is unarguable one of the most
profitable business in Nigeria. Try it and it might just earn you a living.
- Livestock Farming:
Raising livestock for money
is a sure floodgate to riches. Poultry farming and fish farming business top the list of these profitable
business venture. This is due to the recent ban by the Nigerian government on
the importation of frozen fish and poultry products consequently making supply unable to meet
the demand. Piggery, goat farming, rabbit farming, snail farming, cattle farming, grass-cutter farming are
other areas of this lucrative business idea you can invest in.
- Recruitment Firm:
With currently over five
million unemployed youth in Nigeria and the teeming population of new graduates
joining them year in year out, most companies have resorted to contracting out
their recruitment process. Many of them are not ready to go through the stress
of recruitment exercise, neither are they interested in recruiting permanent
staff. This has made supplying contract staff to these companies a lucrative
investment in Nigeria as you can also provide CV/RESUME rewriting and staff
training services.
- Plantation Farming:
This is one of the best
small scale business opportunities in Nigeria as it generates steady source of
income for most people. There are numerous cash crops you can cultivate and
harvest yearly for maximum profit. You can purchase cheap farmland and begin the
cultivation of cassava, plantain, cocoa, oil palm and kola nut
- Transport And Haulage Business:
For people who have time on
their hands to manage this business, transportation business is one of the most
lucrative business in Nigeria. Whether inter or intra state, transportation
business is one of the most profitable business to start in Nigeria. You'll
discover that most investors recover recover their initial capital within a few
months.
Getting sound, fuel-efficient vehicles and reliable drivers is key to
the success of haulage business.
Although it is management-intensive,
haulage of goods and petroleum business is a good investment idea in Nigeria.
People with high capital buy sound trucks and contract it out to a haulage and logistics company for daily, weekly
or monthly returns.
Ferdy Baba, well done!
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