List of Profitable Businesses you can Venture into in Nigeria

List of Profitable Businesses you can Venture into in Nigeria

Nigeria is so blessed with enough resources and a good population for the end products made from these resources. Meanwhile, any business established from these resources should be given a fair treatment.

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, i have decided to list the comprehensive and the top 20 most lucrative businesses in Nigeria you can invest your money and be sure of making millions back in no time after investing.

NOTE: The start-up capital for these businesses varies in price as they are not the same and never takes the same mode of business operation.

List of Profitable Businesses In Nigeria 2019 Edition

 

  • Poultry Farming as Profitable Businesses In Nigeria

money-making businesses

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.

 

  • Import Used Cloth as Profitable Businesses Idea In Nigeria

how much is a bale of used clothes in nigeria

Honestly, a very good percentage of Nigerians prefer Those used clothes, shoes and other wears as they are cheaper and even better than the so-called new products.

This is just to tell you that Tokumbo market in Nigeria is very big. 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.

 

  • Sale of Furniture as Profitable Businesses In Nigeria

furniture business

Buying and selling of locally made 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 a few can afford the imported designers. I guess a set of Furniture sales at the average price of 100,000 Naira.

 

  • Snail Rearing as Profitable Businesses In Nigeria

snail business

Snail is really good and many health professional recommend it for Adults.

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 invests heavily in Snail farming, he is sure to make good money in Millions within a year.

 

  • Rice Farming as a Profitable Businesses In Nigeria

rice farming business plan sample

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.

 

  • Making of Fruit Juice as Profitable Businesses In Nigeria

Making of Fruit Juice

I would love to ask you “How many soft drinks and fruit juice have you taken this month”? Check it and multiply the number of other Nigerians who do the same as you do in a month.

Nigerians drink fruit juice more than any other people. That’s why companies like Hollandia, La Carcella and Chivita who came into the country as nobody are today making billions of Naira annually. This business is capital intensive but if you can afford it, it’s well worth it.

 

  • Pure Water Production as Profitable Businesses In Nigeria

Pure Water Production 

An average person takes about 2-4 sachets of water daily in Nigeria. 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.

 

  • Oil and Gas Business as Profitable Businesses In Nigeria

Crude Oil Business

This is a self-explanatory business that is worth doing in Nigeria. 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.

I think in a list of 100 Oil and gas business dealer, only 1% is broke. So if you have been thinking about this business, why not give it a shot.

 

  • Haulage Services as Profitable Businesses In Nigeria

granite hauling business

The cost of taking a truck from one place to the other in Nigeria is between N20,000 to N200,000 per trip depending on the distance.

Due to poor rail transport system, most of the Nigerian goods are transported through the road, making haulage business in Nigeria a viable one. Getting a direct Totumbo Mark Trailer is within 4,000000-10,000000 depending on the grade.

 

  • Hotel Business as Profitable Businesses In Nigeria

how to start Hotel Business

Hostel business has a high demand as civilization is rapidly taken over the new Nigerian Generation. This is probably the coolest money-making opportunity in Nigeria.

Invest in a small-scale hotel of just 10 suites and watch as the money flows in. This has nothing to do with the tourism boom of any kind; there is just something in Nigerians system that makes this business very lucrative – Nigerians are jolly-jolly people!

 

  • Fast Food Eatery as Profitable Businesses In Nigeria

Fast Food Eatery 

When I talk eatery business, am not talking about MAMA PUT business. Eatery business is another goldmine though poor management can kill it! 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.

 

  • Importation of Tokumbo Spare Parts as Profitable Businesses In Nigeria

Importation of Tokumbo Spare Parts business

If you are in USA, this business is good for you. Don’t just keep importing exotic cars, gather tokumbo spare parts in containers and ship down here.

There is a huge market for it in Nigeria, our roads are bad and our cars here suffering and needs replacing some parts.

While importing those exotic cars, you should at the same time know that these cars can develop fault in some part and may need to be replaced, so please do consider importing the spare part of those cars while importing the cars. It very important to Nigerians.

 

  • Investing in Real Estate or Property as Profitable Businesses In Nigeria

money-making businesses

Land, Houses and other Property appreciates every day in Nigeria. Right now, Nigeria is one of 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 to keep and sell later is you want to spill over 150% percent profit.

 

  • Dry Cleaning as a Profitable Businesses In Nigeria

Laundry Business Nigeria

Anyone can do this, Both students and graduate and make cool cash.

The world is gradually turning in a lazy generation and people no longer like doing their home chores as well as their laundry work again, so they simply push it to the dry cleaners.

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.

 

  • Cassava Production as a Profitable Businesses In Nigeria

how-to-start-a-cassava-farm-in-nigeria

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 for those in western Nigeria
  • Imo and Enugu for those in the Easter Nigeria
  • Benue, Kogi, and Nasarawa for those in the middle belt Nigeria
  • Gombe, Plateau, etc for those in the North,
  • Edo and Delta for those in South South.

your harvest will be great at the end of a minimum average of 6-9 months.

 

  • Sales of Building Materials as a Profitable Businesses In Nigeria

how to start building material business

Because real estate business in Nigeria is becoming more lucrative, House structure are now being built within months and to tell you, The rate at which new houses are springing up in Nigeria, you get to wonder why many people still complain of 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.

 

  • Transport Business as a Profitable Businesses In Nigeria

how to start transport business

Investing in Transport business is still one of the Profitable Businesses in Nigeria one can invest in and make millions of naira on monthly basis.

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.

 

  • Nursery and Primary School as a Profitable Businesses In Nigeria

Nursery and Primary School as a Profitable Businesses

School business has no rival among its mate. Little kids school fees take away close to a million naira per term just to learn ABC! All you need to do is have a very good looking school with well-trained teachers.

The location should be within a town. If you are planning to start this business, I advise you travel down to Ebonyi state and take a good look at Blessed Martins International School (BMIS) located at Democracy estate, Presco, Abakaliki.

 

  • Investing in Internet Companies as a Profitable Businesses In Nigeria

Internet-based business are currently the highest paying jobs. Most of the world first 20 richest are internet and software-based Billionaires.

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 start-ups with good ideas and invest in. Within 1 to 2 years you will be counting your profits in dollars.

 

  • Professional Car Wash

start a profitable professional car wash business

This business is good if you can set it up in a strategic location in a place like Lagos, Abuja, Port Harcourt, Owerri, Enugu, etc where there is a good number of cars. A car is being washed at the price of 500-1500 depending. Let’s do the calculations

ALSO READHow to start a Business with No Money (Read to know how it works)

Assuming you are washing a car at the price of 500 Naira, And in a day you was 10 cars, that means you will be making 500X10=5000 Naira.

If you work all day except Sunday, in a month you will be making 5000X26=130,000. So you have

N5000 Daily earning and N130000 Monthly earning in a small scale range.

Is this bad for a car wash business? Oya!!! start something now and stop complaining you don’t have a Job.

 

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