Today, we will be discussing the 10 Most Profitable Businesses to Invest in Nigeria by anyone serious enough to make money to afford the lifestyle they desire. There are several businesses that you can invest in Nigeria to make your legal money. Interestingly, some of these businesses do not warrant huge capital, while some are actually capital intensive.
10 Most Profitable Business to Invest in Nigeria
There is no denying that the unemployment rate in Nigeria is increasing, that is why there is a need to be up and exploit profitable businesses to invest in the country. We have been able to carefully identify the 10 Most Profitable Businesses to Invest in Nigeria.
Take a look at the list below.
- Oil and gas
- Real estate
- Agricultural Business
- Food Business
- Fashion business
- Social media
- Information technology
Oil and gas
The number one business in Nigeria to invest in is Oil and gas. There is no denying that the oil and gas industry is the major business in the country being the main contributor to the country’s GDP. Interestingly, there are different aspects of this business that you can invest in, and each of them is very lucrative.
You can invest in oil and gas distribution; you can build or buy a petrol Station where oil and gas products are sold; cooking gas business; kerosene business; and Oil and Gas transportation. These are the major businesses under this category that you should explore and invest in.
Real estate business is a lucrative business venture not just in Nigeria alone, but around the world with many people exploring this business making millions out of it. As long as people need shelter, the request for real estate investors will continue to be on the increase. This brings about many opportunities in the real estate business.
Investing in real estate makes you a real estate developer which you can put up for sale or for rent. Whichever you choose to do, be rest assured that you will make enough money.
If you don’t have the money to invest, you can become a real estate agent looking for real estate property for those who need a house to buy and rent.
Transportation is the third lucrative business on our list of 10 Most Profitable Businesses to Invest in Nigeria. This goes to say that as long as people move from one area to another either by land or by air, transportation remains a viable business in the country.
There are over 150 million people in Nigeria and a bulk of them are always moving from one place to another be it intra-state or inter-state movement. So, you can start using a small capital or big capital, it all depends on the amount you want to start with.
You can use a car, motorbike, tricycle, or an Aeroplane. The market is huge, you can choose the one you want and begin to explore it.
The need for food is a basic need that must be met and farming is an agency responsible for that. As such, one of the core activities in Nigeria is farming, as seen in the Nigeria coat of arms. As you know, Nigeria is a blessed country with vast fertile lands for agricultural practice. You can choose to go into farming either on a large scale or medium scale depending on your capital.
Remember, farming is not limited to tilling and planting alone but also includes animal raising as well. You can choose to go into cattle farming, palm oil business, Food farming, Poultry farming, and Snail farming
The food business in Nigeria is lucrative and it is grossly explored today. Food business includes opening a franchise of popular fast-food brands, opening a local restaurant, foreign and intercontinental restaurant, or embark on a food supply business by supplying to consumers, retailers, and wholesalers.
Looking good is good business which makes fashion designing one of the profitable businesses in Nigeria to invest in. Nigeria is a lively place where there are several occasions or events held every week such as weddings, birthdays, thanksgiving, gatherings for different reasons, even schools now sew unique uniforms which makes fashion designers be in high demand.
As such, people always love to look good and in turn often troop in their numbers to their favorite fashion designer to design something soothing and befitting.
So, if you are a good fashion designer, you are sure on your way to greatness with hard work and consistency, plus trust!
Social media marketing or management is a growing business in Nigeria. many companies are consistently looking for social media marketers to market their businesses on several social media platforms, or social media managers to manage all their social media accounts connecting with and attending to the need of clients. This makes social media marketing or manager a must be inclusive on our list of 10 Most Profitable Businesses to Invest in Nigeria.
Health is a lucrative venture in Nigeria. no wonder there are a lot of health facilities built across the 36 states in the country. There has been a surge in the number of private health facilities in the country and they are making it big in the country. You can build a hospital, or choose to specialize in a particular field such as pharmacy store, nursing home, diagnostic center, or sales of health equipment.
The demand for information technology consultants in Nigeria is very much on the country. All businesses are moving their businesses online so that they can have a wider reach and broaden their business. This makes I.T consultants important and in high demand.
The blogging business is lucrative in Nigeria and a profitable business to invest in because, in recent times, more people prefer to read news online rather than the conventional newspapers. This means that news blogs are gradually replacing newspapers. More so, bloggers are known to make money through a direct advertisement, Ad networks, affiliate marketing, product sales, sponsored posts, partnerships, just to mention a few.
We have come to the end of our discussion on the 10 Most Profitable Businesses to Invest in Nigeria having listed out and discuss the businesses that are profitable in the country presently. You can take your time to make more findings and explore deeper to get more information that will help you successfully start your own business.