In this post we will continue talking about most profitable businesses in Nigeria. And the good thing is that we have chosen for you the ones you`ll be definitely proud of!
Don`t hesitate! Today is the day to make your first step to a new world!
So, best ideas for making business in Nigeria are here at your disposal. No frogs. Just business.
Editor`s note: We are thankful to all interviewees for this information!
What business should you choose to get real income in Nigeria? Go to the next page & find it out!
This is probably the coolest money making opportunity in Nigeria.
Invest in a small hotel of just 10 suites and watch as the money flows in. This has nothing to do with tourism boom of any kind; there is just something in Nigerian system that make this business very lucrative – Nigerians are fun people!
When we say hotel business, it does not necessarily mean 5-star hotel or even 1-star hotel:
Someone recently setup and bar and nightclub within my locality and the amount of money he is making every night can be imagined better.
Yours can be as simple as that. There are many business ideas in hotel services.
Buying and selling of locally make 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 few can afford the imported designers.
Generally, you can never go wrong with furniture business ideas in Nigeria, either locally made furniture or imported furniture business, anyone is good.
Nigerians drink fruit juice more than any other people do.
That is why companies like 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.
Fruit juice has many business ideas associated with it. You can easily make fortune from fruit juice and fruit salad business in Nigeria.
What can you do for living to never work on somebody else in Nigeria? Go to the next page & find it out!
Eatery business is another goldmine though poor management can kill it very fast!
If you wish to go into this business, be sure to get everything right and do not forget it is a bit capital intensive and requires good management skills. However, if you get everything right, free money is going to be yours.
Fast food/eatery business requires recent investment and need to be situated in a clean busy place around town. You can start 100% from the scratch or purchase a fast food franchise from the established names.
This business is good if you can set it up in a strategic location in a place like Lagos where the number of cars is huge.
Fifty cars washed in a day will earn you N25,000 daily. If it continues like that for a month, you will be making N700,000 in a month from a business that takes next to nothing to start.
All you need is to rent a space, buy few materials, employ some guys and you are good to go. You can set it up in a professional way and make even more money.
Every year Nigerians consume around 5.5 million tonnes of rice, 3.6 million tonnes of it is locally produced ? mostly by farmers for personal consumption.
The land itself is the most essential capital asset for a rice farmer and its worth tends to vary on the basis of the drainage facilities, type of soil and location.
1. Select a site in ecological zones where rice is grown traditionally
2. Choose fertile land with good water retention capacity (containing some clay and/or organic matter i.e. loamy soil).
3. If you have to grow rice for one or more consecutive years on the same land, get the advice of a reputable soil-testing agency.
4. Grow legumes after rice, and plough rice residues into the soil as organic matter and fertilizer.