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Opinion: 5 Types of business that are profitable in Nigeria

In Nigeria today many people don't know the kind of business they will do, even in our local societies which is not favourable because you have to work for money, invest before spending.

If you are spending without work to replace and add more, you are not help yourself at all.

Most people now days in our societies don't know what type of business that they will do to provide a lot of profit, which I will be discussing with you.

Sometimes all that matter is the location we want to start the business in other to make profit but in our societies today location doesn't really matter, what matters is if you are gaining from the business you are doing or not. If you are not, you switch to another.

Profitable businesses that will make you earn for a living.

#1. Palm oil mill 

Palm oil mill is a good business, it is the way we extract oil from palm fruit and in doing this it will take a process which includes 6 parts; Palm fruits receiving, sterilizing, threshing, digesting and pressing, palm oil clarifying and palm kernel recovery. Palm oil is extracted from fresh fruit bunches by a mechanical process.

Alongside the development of these large-scale fully mechanised oil palm mills and their installation in plantations supplying the international edible oil refining industry, local societies and artisanal processing has continued in Africa. The supply of palm oil to the domestic market brings a lot of profit.

It is one of the best profitable business in our Nigerian

#2. Trader

A trader is a person who buys and sells financial instruments such as stocks, bonds, commodities, derivatives, and mutual funds in the capacity of agent, hedger, arbitrageur, or speculator. Traders are really making it big in our society. You can use small amount of money to start the business, before you know your business will be growing and you will be gaining. Trading business are in different types, there are the ones you will do but you will not gain from it that much. A trader is suppose to engage in different kinds of goods in other to boom their profit

#3. Fashion designing

Fashion designer are one of the business that is very profitable, if you can apply designs, aesthetics, clothing construction and natural beauty to clothing and its accessories. Fashion designers influenced by cultural and social attitudes, and has varied over time and place. If you check the numbers of people that loves sowing their cloth, designing it, etc. are many, if you are a good in designing cloth and sowing, you good to go and u know how to plan well consider yourself making gain from the business.

#4. Hair dressing

hairdresser is a person whose occupation is to cut or style hair in order to change or maintain a person's image. This is achieved using a combination of hair coloring, haircutting, and hair texturing techniques. Hairdressers are really also making it in our local society especially the ones who are very good in dressing hair, they named their prize, do their work and get paid.

#5. Basketry

Weaving basket is also a profitable business if you are determine. It all about you get the material you need for weaving basket and you start weaving baskets, selling to the market.

Well these are business you can do in your society that will help you a lot also.

Don't just put your eggs in one basket, find different ways to make money. Don't go and be finding easy way to make money oo, it might put you in danger.

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Content created and supplied by: Missnews (via Opera News )

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