As a citizen of your country, you most want to make money from your mother land and I believe its your right to know the lucrative and profitable business that you can invest in as a beginner or a previous business owner. Are you thinking of Investing in Nigeria or any other country but don't know where to start from or which business to invest your money into? Here are top 20 most lucrative businesses in Nigeria you can invest your money and be sure of making millions back in no time.
1. 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 up to N30
million annually.
2. 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.
3. Import Used Cloth -
Tokunbo market in Nigeria is very big and many people prefer to buy used items
that are high quality than buy fakes.The cost of buying and importing used
cloths is low compared to the prices in the market here in Nigeria, guarantying
good turn over on investment.
4. 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.
5. Snail Rearing - Snail
farming is one of the choices 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.
6. 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
7. 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.
8. Pure Water Production - You
know how popular this is in Nigeria and how many that is dispensed daily.
Though this business is capital intensive but well worth investing into,
especially if you can manage it properly with professionalism.
9. 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 over the years.
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.
10. 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.
11. Hotel Business -This
is probably the coolest money making opportunity in Nigeria. Invest in small
scale hotel of just 10 suites and watch as the money flows in. This has nothing
to do with tourism boom of any kind; there is just something in Nigerians system
that makes this business very lucrative - Nigerians are jolly people!
12. Fast Food Eatery - Eatery
business is another goldmine though poor management can kill it death! If you
wish to go into this business, be sure to get everything right and don't forget
it's a bit capital intensive and requires good management skills. But if you
get everything right, free money is yours.
13. Importation of Tokunbo
Spare Parts - If you are in USA, this business is good for you.
Don't just keep importing exotic cars, gather tokunbo spare parts in containers
and ship down here. There is huge market for it in Nigeria.
14. 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, you are sure to make 100% profit within two years. You
can buy and quickly resell and make profit. Or you buy keep and sell later.
15. Dry Cleaning -
Professional dry cleaners at affordable prices are scarce in Nigeria. What we
have are professional Dry Cleaners whose service fees are extremely high or
mediocre dry cleaners who can never keep with time. Give them cloths today and
meet it unwashed after one week. This business is a money maker if you balance
it up.
16. Professional Car Wash -
This business is good if you can set it up in a strategic location in a place
like Lagos where there is good number of cars.
17. Sales of Building
Materials - The rate at which new houses are springing up in
Nigeria, you get to wonder why many people still complain of housing problem.
Investing in building material is a good business and I can count some guys who
are making millions almost daily in this business.
18.Transport Business -
What we have in this sector are transport companies that are badly managed by
local chiefs and touts. Invest in this business with good management and you
will be wondering what hits you with bags of money.
19. Nursery and Primary School
- School business has no rival among it's mate. My little kids school fees
take away close to a million naira per term just to learn ABC!
20. Investing in Internet
Companies - This is a new crop of powerful investment
opportunity that is creating Billionaires around the world including Nigeria.
It's simple! You don't have to be a Tech person, all you need is to look for
creative online startups with good ideas and invest in. Within 1 to 2 years you
will be counting your profits in dollars.
21. Recharge card printing Business – Do you know
that 95% of every Nigerian now has a mobile phone? Can you recall how many N100
or N200 Naira recharge cards you recharge weekly or monthly? Now NCC has
approved that recharge card should be printed by a dealer that can purchase the
recharge card pin? Click
Here To Read More About How to Become An Authorized Dealer of Recharge Cards.
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