Lucrative Business Ideas In Nigeria

There are lots of business ideas in Nigeria that have proven to be extremely lucrative and productive which you could make a pick from. Some of the businesses can be started with less or no capital at all. For Instance in freelancing you do not necessarily you do not necessarily need cash to start provided you have an android phone or a pc and cellular data then you are all set.

In Zobo making with just a thousand naira you can comfortably begin and grow the enterprise. Having business ideas is extremely good but developing a business plan for the business is better. If you are looking for a hot business for 2020 you have no more than a dozen of them to chose from in this write up. And it is advisable you go for one that you would be happy doing because attitude also contributes to the success of any business.

Considering Nigeria’s Population no business idea is less important whether it begins with no money, little money or huge capital. Do you know that there are a whole lot of amazon publishers who are earning millions monthly in Nigeria. It does not depend on the amount you are starting a business with or the type of business but the mind set and being prudent.

See Also: 4 Excellent Ways To Advertise Your Business Post-Coronavirus Lockdown.

Below is a list of Business Ideas In Nigeria

Farming Business Idea

Farming is an extremely rigid and pivotal sector in Nigeria and all around the globe. Food is one of the basic needs of man and no man can do or survive without food. To produce food that will carter for over Two Hundred Million persons in Nigeria we need to go into vigorous farming.

Gone are those days when farming was left in the hands of the uneducated. These days graduates are making exploits in agribusinesses. Already oil palm farming, poultry farming, cattle farming has been churning out millions and has helped in boosting the country’s nation’s economy.

There are large opportunities in agribusinesses. You can venture into animal farming such as- Fish Farming, Poultry Farming, Rabbit farming, Snail Farming etc. Asides from cash crops farming you can start with vegetable cultivation, dry season vegetable farming is very lucrative.

 

Selling Fruits

Many people now know the importance of eating fruits and s the number of consumers have increased. To start fruit selling business is not so difficult. You can start from your home the most important thing is for you to know where you can be buying the fruits from at anytime.

Benue State, is known for fruits production in large quantities, for example, they have orange farms that can cater for majority of Nigerians. Traders go from various parts of the country such as Lagos, Port Harcourt etc. to buy.

Fruit selling business does not necessarily require a huge capital. Provided you have secured a place to run the business ₦50,000 can conveniently start the business in a huge way.

 

Honey Business

Honey business is a very interesting and profitable business. The most important thing is to sell original honey products. Once you are know for selling original honey customers will be the ones looking for you. Many people are now into bee farming. Get to know the ones that are genuine because some of the farmers mix their honey with sugar for more profits.

 

You can also get original honey from Adamawa and Taraba States in Nigeria. ₦50,000 can start a honey business. You can also start small and grow it. Chose a very good packaging material to make them look attractive.

Packaging is now a trend and has a way of making your business sell. If you like sell original honey, if your packaging is poor the sales will also be poor.

 

Home Tutoring

After secondary school most students can engage themselves in Home tutoring. In so doing they can be able to save up to purchase themselves jamb forms with ease/ without stress.

They could also approach parents in worship centers they never can tell  one or two parents may need such service.

 

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Food Business Ideas

Restaurant business is very lucrative. No matter how difficult life may be to most people, they must still eat. Because of the kind of job some people are doing they don’t have the time to cook. The next place to eat will be in a restaurant.

There are different ways to do food business.

  • Mama put • Bar • Food vendor • Restaurant etc.

The good thing with food business is that you and you family can eat from it too. This means you wont spend money in buying foodstuff or creating time to cook what to eat.

The capital to start food business depends on the type you are venturing into. With #10.000 you can start mama put. The setting of the business explains the name. Food vendors are sellers that carry their food about. Mama put choose one spot arrange chairs for people to sit and eat while restaurant has executive setting.

 

Cosmetics Business

Cosmetics sales is sweet where competitors are less. You may be interested to know that very few persons consider cosmetics business. That is why you see provision shop owners incorporating it int their businesses because the want to fill the gap since many people are not looking that way.

Enter any market calculate the number of provision shops and that of cosmetics shop you will be amazed at the outcome. Cosmetic business is very lucrative especially now that many people pay more attention to their looks and smell.

 

Hair saloon business Idea

Hair dressing saloon business is Lucrative depending on location. If you set up your shop where working class people concentrate you will make money or in places where churches around don’t cover hair. In these kind of environment customers will like to wear new hair do every week, fortnightly or once every month.

Excluding shop, half a million can set up a standard hair salon business but you can still start with small amount by being prudent.

See Also: Learn How To Make Money Shooting And Producing Comedy Skits In Nigeria

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