This list of business ideas in Nigeria is not just some randomly selected junk businesses, they are time tested, carefully selected high performing business ideas you can rely on. They are up to date and relevant in 2015.
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 then buy fakes.The cost of buying and importing used clothes 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 and a lucrative business. 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 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 on a very low scale. If someone invests 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 the importation of this product yearly from China and Thailand because the local farmers are unable to meet up the demand due to poor funding and limited knowledge. Anyone who has 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 is today making billions of naira annually. This lucrative business in the 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 are 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 a 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. Investing your money to build hostels is a lucrative business. 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 gold mine through poor management can kill its death. If you wish to go into this lucrative 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 the 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 a huge market for it in Nigeria.
14. Investing in Property
Property appreciates every day 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 a profit. Or you buy to 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 clothes 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 are a good number of cars. You.
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 about the 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.
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 its 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 a creative online tech start-up with good ideas and invest into. Within 1 to 2 years you will be counting your profits in millions.
The most important thing is that you do something with your money instead of keeping it in the bank where the bank will use it for business and give you little or nothing.Take enough time to browse around this website, you will see hundreds of other lucrative business opportunities to invest your money into in Nigeria.
With this 20 Most Lucrative Business Ventures in Nigeria, thousands of Nigerians both home and abroad are now reaping the rewards of investing in their own country You too can!
Now that you’ve gone through this lucrative business ideas. Finally, let’s have a discussion about it, drop your comment below and follow the conversation.