Top 10 profitable businesses in Nigeria
If you are searching for top 10 profitable businesses in Nigeria to help you to increase your income, then below are the top 10 profitable businesses in Nigeria you can key into and make huge profits.
1.Transportation
The population of Nigeria is growing every day and as this is happening so is the need to for people to transport themselves and goods from one point to another is increasing. Transportation business has become so profitable in Nigeria that the government in state and federal levels are investing in it and making a lot of money.It is seen as a profitable business. You can invest in keke napep(tricycle ) business ,where you can make at least a daily profit of 4000 naira on the average in a heavily populated city like Lagos .you can get a car on hire purchase or a personal car and have it registered on uber and rake in a lot of profit.2.Agriculture (cultivation)
The increasing population of Nigeria, means increased number of mouths to feed.Agriculture is a good sector to invest in as a small scale business or a large scale one. You can farm lands by yourself or hire labourers in rural areas where lands and labour are cheap and have a large area cultivated. States in the North and south such as Ogun,Osun,Edo,cross river,Anambra,and the entire middle belt region have lands with good soil for Agricultural. You can get a land on lease or outright purchase at very afffordable prices and use it for agriculture.
3.snail rearing
Did you know that a lot of people like snails? Yes,snails are low in Cholesterol and very delicious when fried or cooked. This business is very easy to begin because you don't need a large area to rear them and they are cheap to get and have one of the highest reproductive cycle in the animal kingdom.
4.Dry cleaning
This is a service rendering business and highly lucrative. You don't need to spend much after acquiring all the needed imput at start. Business executives and people in other class with busy daily schedule, require the services of dry cleaners to take care of their laundry.
5.pure water production
Every one need water to survive at anywhere .This means that if you venture into the production of satchet packaged water you will excel.it is not capital intensive and quite lucrative. When started, you will realize that your production will increase in scope and size as time goes on.Doing this business in a highly populated country in Nigeria, means that the demand will always be high aĺl year round.You must ensure that it is hygienic, safe and certified by the national food and drug administration and control (NAFDAC).
6.Fast food business
Fast food business is booming in Nigeria because everyone is on the move and out there trying to make income. To set -up, you require a location that is accessible to people on the go.The scope of your operation determines the number of workers you require. you can include an on demand delivery system for the working class.Those in this business are really making huge sales in Nigeria. Make sure you prioritize hygiene. Fast food business is one of the Top 10 profitable businesses in Nigeria.
7.Haulage business
This is a fantastic business that requires you to own a truck or trucks depending on the scope you intend to operate. An average truck owner in this business charges at least 20,000 Naira per operation. This business is lucrative because the demand for haulage in Nigeria is growing and there are few individuals in this line of business, that means more opportunities for you.All that is needed of you is to be in locations where people will require your service such as markets and other business areas.
8.Owning a school
There is an ever growing demand for education in Nigeria. Owning a good and well managed nursery, primary and secondary is a very good investment that has a huge potential of multiplying the investment in no distant time.You need to start from Nursery and grow the school.You must take management seriously in other to succeed in this venture. You don't necessarily need to be a teacher or administrator,you can employ those who are qualified and experienced in this area in other to succeed.
9.Poultry farming
This venture is a gold mine in Nigeria because a lot of people are trying to cut down on the consumption of cholesterol filled diet .Rearing farm birds for their meat or eggs will put you in solving the food deficit problem in Nigeria. Eggs is in high demand.A crate of egg goes for as high as 1000 Naira in some cities. You can also supply dressed chickens to businesses like hotels and food centres.You can supply live chickens to markets where they are sold at a go and make huge amount of money.
This business is one of the most lucrative businesses in Nigeria. You can decide to do it as a wholesaler in any of the international markets in Nigeria such as Alaba int'l market, ojo. Onitsha main market or Ariaria int'l market Aba just to mention a few .Yo can do this business as a retailer by owning a clothes shop and source from wholesalers.
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