Your business plan starts with an idea, which is how we know how to provide the best thing on this site-ideas and many ideas. Are you considering starting a business in Nigeria but don’t know where to start a business or which company to invest your money in to make money? If you think you are good at managing your business, then here are the top 20 most profitable companies in Nigeria for you to invest in.
This list of business ideas in Nigeria consists of real business ideas. Not only are some randomly selected junk companies, but they are time-tested and carefully selected high-performance companies. You can bet your hard-earned money on it and make sure to make money. . These businesses are up-to-date and relevant in 2016 and beyond. However, before we continue, I hope we first look at some important reasons why you must do business in Nigeria today.
Why do you have to do business in Nigeria now
It is difficult to explain why Nigerians flee their land full of milk and honey and escape on another land where we have no chance to have half the chance here. Why would Nigerians leave a lot of business opportunities on their land, choose to travel slaves, and leave their wealth to South Africans, Lebanese, Indians, Chinese, and even Egyptians to plunder?
Most of the fastest-growing companies and companies in Nigeria are owned by foreigners. We want the equation to change. Check out the infographic below to see why Nigeria is a commercial proving ground in Africa and start to seize the opportunity.
Nigeria business profile
Now you can start, click on any business idea, and then read further details about the specific business of interest. And, if you need other help, you can ask your questions or comments under this article or any related articles for further explanation.
List of the top 20 most profitable companies in Nigeria
This is Nigeria’s next revolutionary industry that is currently becoming a millionaire. People in Nigeria and abroad are beginning to realize the huge potential of agribusiness. We have been neglecting this field for many years due to the discovery of oil. Now that oil has dried up, people have begun to focus on other areas of the economy to create wealth. The following are some of Nigeria’s agriculture that is now seriously generating profits for people:-
This business makes ordinary Nigerians rich. The profits are so great that even no outsiders have started to invest in Nigeria’s poultry farming industry. why not? In a country with a population of more than 150 million, what would you expect? If you start with a thousand birds and manage the poultry farm correctly, you will earn millions of dollars every year when the investment turnaround begins.
People are beginning to turn their attention to this aspect of Nigerian agriculture that has been neglected for many years. Foods derived from cassava are some of the most consumed foods in Nigeria. If you can invest in planting 50 to 100 acres on fertile land like Ondo State, your harvest will be great.
Snail farming is one of many options. There are many reasons for animal husbandry. This is a feature of low capital investment, high yield, and large market size. Few people currently do this-most of them do it on a very low scale. If someone invests heavily in snail cultivation, he will definitely make millions in a year.
Rice is still the staple food that consumes the most food in Nigeria. Billions of dollars are imported each year from China and Thailand because local farmers cannot meet the demand due to insufficient funds and limited knowledge. Anyone who has an investment of one million dollars should get in touch with me and become my partner, and get 100% return. $1,000,000 = margin $2,000,000.
2. Sales of furniture
Buying and selling locally made furniture is a gold mine. You don't need to be a carpenter to do this, you just need to arrange a reliable carpenter to supply regularly when displaying and selling in the showroom. In Nigeria, this is a very big business, because only a few people can afford to import designers.
3. Juice making
Nigerians drink more juice than others. This is why companies like La Carcella and Chivita enter the country because no one can earn billions of naira every year like today. This business requires a lot of capital, but if you can afford it, it is well worth it.
4. Pure water production
You know this is very popular in Nigeria and how much it is distributed every day. Although this business is capital intensive, it is worth the investment, especially if you can manage it appropriately with professionalism.
5. Oil and gas business
Our land holds a lot of oil, which makes us blessed and cursed, which provides Nigerians and foreigners with some of the best business opportunities. Owning a gas station, diesel supply and kerosene distribution are some areas where you can easily invest and make money on your own. Over the years, petroleum product marketing has created millions of dollars in income for Nigerians and created millionaires.
6. Transportation Service
In Nigeria, the cost of transporting trucks from one place to another ranges from N20,000 to N200,000 per trip. Due to the imperfect railway transportation system, most of Nigeria's goods are transported by road, which makes Nigeria's transportation business a viable business. The transportation of petroleum products and the transportation of goods by manufacturers and importers is an aspect of Nigerian transportation, which is now very profitable.
7. Hotel business
This may be the coolest money-making opportunity in Nigeria. Invest in a small hotel with only 10 suites and observe the inflow of funds. This has nothing to do with the vigorous development of tourism in any form. There is one thing in the Nigerian system that makes this business very profitable-Nigerians are happy people!
8. Fast food restaurant
The catering industry is another gold mine, although poor management can kill it! If you want to engage in this business, make sure everything is correct and don't forget that it requires a lot of money and requires good management skills. However, if everything is okay for you, then free money is yours.
9. Imported German spare parts
If you are in the United States, Germany or Denmark, this business is particularly beneficial to you. Don't just continue to import exotic cars, collect Tokumbo spare parts in containers before shipping them to Nigeria. Nigeria's second-hand (tokunbo) spare parts market is very large.
10. Invest in real estate
Nigeria’s property is appreciating every day. Currently, Nigeria is one of the most expensive countries in the world for landed real estate. If you buy land anywhere in Lagos now, you will surely make 100% profit within two years. You can buy and resell quickly and make a profit. Or you can buy it later, keep it and sell it.
11. Dry cleaning
In Nigeria, affordable professional dry cleaners are scarce. What we have is a professional dry cleaner whose service fee is very high, or a medium-level dry cleaner, they can never keep up with the times. Give them a rag today, and you can wash it off if you don’t wash it in a week. If you keep your balance, this company is the one who makes money.
12. Professional car wash
If you can set it up in a strategic location in a place with a large number of cars like Lagos, then this business is good. you.
13. Building materials sales
In Nigeria, the rate of new houses springing up like mushrooms makes you wonder why many people still complain about housing problems. Investing in building materials in Nigeria is a good business. I can count on some guys who make millions of dollars in this business almost every day.
14. Transportation business
In this economic sector, what we have are transportation companies, which are mismanaged by local leaders and touted. By investing in this business through good management, you will wonder what can bring you thousands of dollars. See: How to open a taxi company in Nigeria
15. Nurseries and elementary schools
There are no competitors in school business among peers. In order to learn ABC, my child’s tuition has taken away nearly one million naira every semester! In Nigeria, any level of school business is a serious business, generating millions of naira.
16. Export of raw materials
There is no better way of economic growth than exporting some of the country’s abundant raw materials.
17. Online advertising agency
As Nigeria’s online business continues to grow, so does its advertisers. Thousands of companies in Nigeria are bringing their businesses online to take advantage of the huge Nigerian Internet user community and sell their products. This influx has created another business opportunity in Nigeria for savvy digital marketing experts. You can also establish your own online advertising agency in Nigeria today and earn millions of dollars in revenue.
18. Fashion industry
Nigerians may be some of the most fashionable people in the world. Thanks to the booming entertainment industry in Nigeria, the Nigerian fashion industry has undergone revolutionary changes, and fashion designers become millionaires in Nigeria every day.
19. Media and performance business
Did you know that Nigeria is the entertainment capital of Africa? Do you also know that Nigeria is the largest consumer of media content in Africa? Now, you can see how feasible and profitable Nigeria's media and showbiz are.
20. Invest in Internet companies
This is a new investment opportunity that is creating global billionaires, including Nigeria. It's very simple. You don't need to be a technician to find and invest in creative online technology startups with great ideas. In 1-2 years, you will make millions of profits.
Our primary goal is to freely share business ideas and encourage Nigerians to start their own businesses. This investment plan is designed for those who really know how to take advantage of new opportunities. Don't let the money go to the bank for nothing, we can help you make 100% profit.
Extra: second-hand goods sell well in Nigeria
The Nigerian Tokunbo market is very large in Nigeria. People prefer to buy high-quality second-hand items rather than fake ones. Compared with the prices in the local Nigerian market, the cost of buying and importing used clothes is lower. This will ensure that your investment has a good turnover rate.
Most importantly, you can do something with your own money. Choose one of these businesses and start today. It is unwise to deposit your money in the bank where it is used for business activities without giving you any benefits.
Now that you have completed these operations, let us discuss, add your comment below and follow the conversation.
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