Your business planning begins with an idea and that is one of the things we know how to give best on this site ideas and plenty of them. Are you thinking about starting a business in Nigeria but don’t know where to start from or which business to invest your money into to make profit? Here are the top 20 most lucrative businesses in Nigeria you can invest your money if you think you are good at managing business.
This list of business ideas in Nigeria is made up of authentic business ideas, not just some randomly selected junk businesses, they are time tested, carefully selected, high performing businesses you can stake your hard earned capital on and be sure of making profit. These businesses are up to date and relevant. But before we proceed, I want us to look at some of the vital reasons you must start a business in Nigeria today.
Why You Must Start A Business In Nigeria Now
The reasons why Nigerians are fleeing their own land that is flowing with milk and honey to scavenge in another lands that does not have half of the opportunities we have here is simply difficult to explain. Why would Nigerians leave the massive business opportunities in their land and choose to travel far and wide to slave, leaving the wealth back home for South Africans, Lebanese, Indians, Chinese, even Egyptians to plunder?Most of the current fasting growing businesses and companies in Nigeria are owned by the foreigners. We want the equation to change, go through the infograph below, see why Nigeria is the Africa’s testing ground for business and begin to take the opportunity.Now that you are ready to go, click on any of the business ideas and further read the detail about the particular business of interest. And in case you need additional help, you can drop your question or comment under this article or any of the respective articles for further expatiation.
List Of Top 10 Most Lucrative Business In Nigeria
This is the next revolutionary industry in Nigeria where millionaires are currently being made. Nigerians both home and oversea 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:
2. Sales 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.
3. 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.
4. 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.
5. 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 PetrolFilling Station, Supplying of Diesel, 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.
6. Online Advertising Agency
As the Nigeria’s online presence keeps increasing, so is its advertisers. Thousands of businesses in Nigeria are taking their business online to leverage the massive community of Nigerian internet users and market their products. This influx has created another business opportunity in Nigeria for savvy digital marketing experts. You too can setup your own online advertising agency in Nigeria today and make millions.
7. Fashion Business
Nigerian people are probably some of the trendiest people in the world. Fashion designers are becoming millionaires on daily basis in Nigeria, thanks to the revolution in the Nigerian fashion business orchestrated by the boom in the entertainment industry in Nigeria.
8. Media And Show Biz
You and knows Nigeria is the capital of entertainment in Africa? You also knows Nigeria is the highest consumers of media content in Africa? Now you can see how viable and lucrative media and show biz can be in Nigeria.
9. Investing In Internet Companies
This is a new crop of investment opportunity that is creating Billionaires around the world including Nigeria. It is simple. You don’t have to be a Tech person, look for a creative online tech startup with good ideas and invest. Within 1 to 2 years you will be counting your profits in millions.Our number one goal has been to share business ideas freely and encourage fellow Nigerians to start business of their own. This investment plan is designed for those who really knows how to take advantage of a new opportunity. Don’t let the money sit in the bank for nothing, we can help you make 100% profit on your money.
10. Real Estate
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.