10 Most Profitable Business in Nigeria
Nigeria is one of the countries with a high unemployment rate, many people there do not have decent jobs. To solve this problem, you can start the most profitable business in Nigeria to provide jobs there.
To start a business, there are many profitable business ideas that can be started with capital depending on your capacity, whether it’s a business with large capital or small capital.
Most Profitable Business Ideas in Nigeria
Here is the list of the most profitable businesses in Nigeria that you can reference for business ideas.
1. Oil and Gas
Nigeria and most of the world’s countries depend on oil and gas. Nigeria’s dependence on oil and gas, and supported by abundant availability, You can start an oil and gas business in Nigeria.
2. Agriculture
Agriculture business is becoming one of the most profitable businesses in Nigeria. In addition, this business can be said to be always green and never gets old or fades. This is because the agricultural business will always strive to exist as long as humans still need food.
3. Food
The food business is also the most profitable business in Nigeria. It will always exist because humans always need food. The thing you need to pay attention to to run this business is customer loyalty. Of course this can happen if you can provide good food, strategic location, and good service.
4. Blogging
With the rapid development of technology and the internet, Nigerians choose to read news online rather than through newspapers or magazines. Due to this, the blogging business can get huge profit opportunities, even professional bloggers in Nigeria can earn 20 million Naira per month.
5. Real Estate
People will always need a place to live, especially for those who have just moved to the city. With the increasing population in Nigeria, the real estate business is becoming the most profitable business. While you can find properties in good neighborhoods, you can invest in renting or selling them.
6. Furniture
A house or building certainly can not be left empty, that’s why the furniture business has a great opportunity to make a profit because many people need furniture to fill their homes.
7. Hotel
The hotel is a place that is always sought by Nigerians who go out of town or visitors from abroad who come to Nigeria. Making it one of the most profitable businesses.
8. Transportation
Who doesn’t need transportation these days? As long as people are still traveling, the transportation business will continue to exist. Moreover, with a population of more than 150 million Nigerians, this is a great opportunity to earn money.
9. Social Media Marketing
With the large number of people using social media, the social media marketing business is very promising. Your business will be easily found by Nigerians who spend some of their time surfing social media.
10. Fashion
Clothing is a primary need for every human being. In addition, Nigerians also like parties, so the fashion business is one of the most profitable businesses in Nigeria. You can try this business to earn profits especially if you love fashion.
Which Business That You Plan To Choose?
With the list of business ideas above, it is hoped that you will not be confused about determining the business you want to run. You can also check a business you can open for less than 20,000 naira. Good luck!
