Are you an entrepreneur or investor looking for where to invest your money to get good returns? do you want to know where to find fast growing business ideas in Nigeria.
Initially Nigerians weren’t serious about tapping into business opportunities and left all businesses to foreigners.
Even Nigerians abroad who has stayed over 10 years and made a lot of money are scared of coming too invest in Nigeria, rather than taking the currency advantage between the naira and dollar, euro or pounds they rather stay abroad because they fear the uncertainty of doing business in Nigeria.
Thankfully Nigerians have woken up,many people are coming up with intelligent business ideas and setting up lucrative business.This is not unconnected to the fact that the federal government have in recent years encouraged and rigorously supported the establishment of small and medium sized businesses as a strategy for stimulating Nigeria’s economic growth.
So the question remains, what are some small sized businesses I can do in Nigeria in 2018?
1. Agriculture
Agriculture remains one business that can never die out. Agriculture here entails crop farming and animal husbandry.Investing in agriculture is a smart one, because some items such as poultry, fish and groundnut oil and are regarded as contra-band, this however gives room for investors to make huge amount of money due to limited competition from foreign countries some the items you can produce for sale include rice, Frozen poultry, fish, live stocks e.t.c .
2 .Web design or development
If you have passion for tech and can stay on your PC,web designing is just for you.
If you don’t want to crack your brain into learning programming languages such as php javascript, ruby E.t.c you can simply opt in using content management systems to deliver clients jobs.But if you want to take your skills to the next level you should consider learning programming languages such as php.
In this era where businesses are being taken to the internet web designers remain indispensable.
3.Laundry Services
This is one of the fastest growing business in Africa especially Nigeria.A lot of people have done really well in the laundry business.There are lots of people who are overwhelmed by work loads and do not have time to wash their clothes, your service to them would be very essential. A clear example of a successful laundry business is prime wash.
4 .Phone repairs
Nigerians are exceptionally good in changing smartphones,there is an unending market for smartphone repair, in a country where you hardly see an adult without a mobile phone. This indicates that this is a huge market in which you need to delve into.
READ Challenges Facing Start-up Businesses and Entrepreneurs in Nigeria
5 .Transportation
In a country of over 160 million people you, where lots of individuals are looking for greener pastures, people tend to move from one location to the other in order to make ends means.
You can actually be a problem solver if you start a mini transportation business ,you can start this transportation business within a state or inter-state service
To demonstrate the good mind that exist in the transportation business,where I live in port Harcourt an average capital accumulated by the by the conventional Keke-napep witin the range of 10-15 thousand Naira( Fuel inclusive and others).
6 .Restaurant business
In Nigeria restaurant business has continued to flourish. This sector can never go out of fashion because “man must chop”.
You could set up a good restaurant in the densely populated area, where there are few restaurants or close to a company that has large workers base.
7. Export business
Exportation business is an industry that contribute 23% of the country’s gdp.
Wouldn’t you want to tap into this Goldmine and make mad profit.
Firstly you will need to :
Register a business name.
Find the products to export.
Determine the price of your product.
Source for foreign buyers of your product
Initially Nigerians weren’t serious about tapping into business opportunities and left all businesses to foreigners.
Even Nigerians abroad who has stayed over 10 years and made a lot of money are scared of coming too invest in Nigeria, rather than taking the currency advantage between the naira and dollar, euro or pounds they rather stay abroad because they fear the uncertainty of doing business in Nigeria.
Thankfully Nigerians have woken up,many people are coming up with intelligent business ideas and setting up lucrative business.This is not unconnected to the fact that the federal government have in recent years encouraged and rigorously supported the establishment of small and medium sized businesses as a strategy for stimulating Nigeria’s economic growth.
So the question remains, what are some small sized businesses I can do in Nigeria in 2018?
1. Agriculture
Agriculture remains one business that can never die out. Agriculture here entails crop farming and animal husbandry.Investing in agriculture is a smart one, because some items such as poultry, fish and groundnut oil and are regarded as contra-band, this however gives room for investors to make huge amount of money due to limited competition from foreign countries some the items you can produce for sale include rice, Frozen poultry, fish, live stocks e.t.c .
2 .Web design or development
If you have passion for tech and can stay on your PC,web designing is just for you.
If you don’t want to crack your brain into learning programming languages such as php javascript, ruby E.t.c you can simply opt in using content management systems to deliver clients jobs.But if you want to take your skills to the next level you should consider learning programming languages such as php.
In this era where businesses are being taken to the internet web designers remain indispensable.
3.Laundry Services
This is one of the fastest growing business in Africa especially Nigeria.A lot of people have done really well in the laundry business.There are lots of people who are overwhelmed by work loads and do not have time to wash their clothes, your service to them would be very essential. A clear example of a successful laundry business is prime wash.
4 .Phone repairs
Nigerians are exceptionally good in changing smartphones,there is an unending market for smartphone repair, in a country where you hardly see an adult without a mobile phone. This indicates that this is a huge market in which you need to delve into.
READ Challenges Facing Start-up Businesses and Entrepreneurs in Nigeria
5 .Transportation
In a country of over 160 million people you, where lots of individuals are looking for greener pastures, people tend to move from one location to the other in order to make ends means.
You can actually be a problem solver if you start a mini transportation business ,you can start this transportation business within a state or inter-state service
To demonstrate the good mind that exist in the transportation business,where I live in port Harcourt an average capital accumulated by the by the conventional Keke-napep witin the range of 10-15 thousand Naira( Fuel inclusive and others).
6 .Restaurant business
In Nigeria restaurant business has continued to flourish. This sector can never go out of fashion because “man must chop”.
You could set up a good restaurant in the densely populated area, where there are few restaurants or close to a company that has large workers base.
7. Export business
Exportation business is an industry that contribute 23% of the country’s gdp.
Wouldn’t you want to tap into this Goldmine and make mad profit.
Firstly you will need to :
Register a business name.
Find the products to export.
Determine the price of your product.
Source for foreign buyers of your product
Comments
Post a Comment