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25 Small Scale Business Ideas In Nigeria - Business (4) - Nairaland

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14 Lucrative Business Ideas In Nigeria / List Of Top 100 Profitable Small-scale Business Ideas In Nigeria (updated) / 25 Small Businesses You Can Start With Less Than 50,000 Naira (2) (3) (4)

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Re: 25 Small Scale Business Ideas In Nigeria by udysweet(f): 8:11am On Jan 18, 2015
jujunaty:
. Ild tell u how its small scale. Im sure he mentioned plantain there. And having an empty land. It cld be anywhere, maybe in the village or town. But a sucker of plantain is 120 bucks, if u by 50 suckers thats #6000. Some people that say they are poor spend this amount of money on marijuana and beer. Plant the suckers, wait for 8 months, sell a sucker for #1500 minimum price. Lets say you have a mortality rate of 10 plantain stands u have 40 left #1500 * 40 = #60k. Now u made good gain, more so, plantain is a plant that generates suckers on its own. No more buying of suckers, plenty making of money. Use ur head
ok
Re: 25 Small Scale Business Ideas In Nigeria by 1stdammy: 8:29am On Jan 18, 2015
joromi:
How are these in any way small scale ?
God bless u, exactly d question am abt to ask which need to b answered. OP over to U.............

1 Like 1 Share

Re: 25 Small Scale Business Ideas In Nigeria by computergenius(m): 10:08am On Jan 18, 2015
Thanks for the information.
Anybody needing IT services contact me. The best in the field.
Re: 25 Small Scale Business Ideas In Nigeria by jaydee87(m): 10:56am On Jan 18, 2015
Japhet04:
now...

for writing these money sucking businesses as small scale businesses...

the question we would politely want you to answer is...

how many of them are you into? undecided
the question is which one will venture into,
he doesn't need to tell us which one he is into.
Re: 25 Small Scale Business Ideas In Nigeria by Skillz02(m): 1:41pm On Jan 18, 2015
Entrepreneurs seminars really help cos that's my own biz source
Re: 25 Small Scale Business Ideas In Nigeria by ajealadick(m): 1:57pm On Jan 18, 2015
Does this writer know what is a small scale business or SME?
Re: 25 Small Scale Business Ideas In Nigeria by chigoizie7(m): 2:08pm On Jan 18, 2015
Biliamin:
Stumbled on this and I think it worth sharing:


1. Livestock Farming

Livestock farming is a booming business in Nigeria and the trend is not dying anytime soon. With 150+million mouths to feed daily, there will always be demand for livestock products. However, lack of technical know-how and the use of crude equipment are the major factors hampering the growth of this industry. If you can come in with adequate knowledge and the patience to nurture this business, you will reap immensely. Now you can choose to either venture into livestock breeding of animals or better still, you can stick to livestock feed production or equipment retailing.
◦Poultry farming – Egg production, meat production, hatchery or day-old-chicks production, etc.
◦Cattle Farming – Diary (milk) production, beef, etc.
◦Goat Farming
◦Sheep
◦Fish Farming
◦Piggery
◦Grasscutter Farming
◦Snail Farming

2. Agro-products exportation

Nigeria is blessed with a lot of food and natural resources; and most of these natural resources are raw materials needed for the production of some finished products. Every day, tons of raw materials and food products leave the shores of Nigeria to countries such as India, Vietnam, China, USA, UK, Brazil, etc; yet, the demand is never met. You can become an exporter by simply registering with the Nigerian Export Promotion Council and decide on the specific product you wish to export. Examples of products highly in demand are Chili pepper, Kola nuts, Bitter Kola, Cassava flakes (Garri), Cocoa, Groundnut, Yam flour, Cashew nuts, etc.

3. Mining

Nigeria is blessed with a lot of mineral resources like Limestone, Coal, Iron ore, Bitumen, etc. Aside this, the mining industry in Nigeria is set to take off because the federal government in June 2013 implemented a policy to drive forward the mining industry by declaring the importation of mining equipment duty free. The government is also going after many dormant investors who were granted mining licenses but are not utilizing it. This act I believe, will spur the growth in the mining sector. If you have the financial capacity and a team, you can position yourself in this sector.

4. Setting up a private mini refinery

There are lots of business opportunities in the oil and gas sector. Building a private refinery and refining crude oil is another business you should look into because there is a lot of potential in it. In January 2012, the federal government announced the partial removal of subsidy and with a long term plan to totally remove fuel subsidy. What this means in essence is that petroleum product importers will now sell as they buy; thus bringing in competition and it is a known fact that 80% of petroleum products consumed in Nigeria are imported. Now with the total removal of fuel subsidy, investors will now have the opportunity to set up their own refinery and produce fuel. Are you among those that think the total fuel subsidy removal is a pipe dream? Then think again because in May 2013, Aliko Dangote raised $4billion for the setting up of a refinery; which will be sited in Ondo state. Enough said.

5. Inland waterway Transport

There are lots of opportunities in the transport industry and inland waterway is one of them. Nigeria has a broad network of inland waterways comprising rivers, creeks, lakes and seas; yet, transportation still remains a challenge because investors are yet to tap into water transportation. A lot of countries such as Italy, Thailand, etc have effectively been utilizing their waterways as a means of transport; thus reducing the traffic congestion on the road. All you need to do is to incorporate a company, obtain license from the state and federal government, import or purchase some locally fabricated boats; and you are in business.

6. Establishing a Television and Radio Station

Now it is a known fact that the mass media industry is saturated in Nigeria. However, this is only true for some cities in Nigeria such as Lagos and Abuja. I have travel through several parts of the countries and discovered that most states have no private TV station, and only rely on the government own TV stations; which are very incompetent, uncreative and unreliable. I see an opportunity for entrepreneurs and investors with interest and competence in broadcasting or mass media. You can either choose to setup a radio station or TV Station.

7. Setting up a security company

There is a huge demand for excellent security services in Nigeria. As the government battle to improve the security situation in the country, individuals and corporate entities are now becoming aware of the fact that security is not the responsibility of the government alone; it is a collective responsibility. Hence, the current increase in demand for security guards, bodyguards, executive protection professionals and security gadgets or devices. As an entrepreneur or investor, you can setup a security guard recruitment or training company, or you can setup a bodyguard agency. Also, you can import and retail security products and safety devices.

8. Sewing of specialized uniforms

There are over 500 schools (both Crèche, primary and secondary) in Lagos state alone; and each of these schools have a specific uniform or attire for their students. Okay, let’s look beyond educational institutions. Do you know that other individuals and corporate organizations are in need of uniforms for their security personnel, staff, etc? There are also a lot or military (Army, Air Force, Navy), paramilitary (Civil Defense Corps, Police Force) and non-paramilitary (Road Safety, Traffic Warden, Kick against Indiscipline, Vigilante groups, etc) organizations in Nigeria that make use of uniforms. You can position yourself as a uniform supplier and make money from it.

9. Construction company

Nigeria is still a developing country especially in the area of infrastructure but this is set to change in the nearest future. Massive constructions are currently on-going in Nigeria ranging from bridges, roads, towers and skyscrapers, etc. If you run a construction company oversee, or you have the financial capacity to assemble the needed team and machinery for a construction company; then this is a business you should invest in.

10. Real Estate development

I have met a lot of individuals with money piling up in the bank, but they don’t seem to know what to do with that money. Yet, on every business trip I make, I hear stories of people facing accommodation problems; not because they can’t afford it but because there is none within their choice of location. Also, I hear woeful stories from students in various universities and other high institutions who live under harsh conditions; not because they want to or can’t afford a comfortable place to live; but because they is no conducive apartment in close proximity to the institutions.

I also know the stress, effort and resources it took me before I got an office space both within and outside Lagos. What these facts or complaints are pointing to is that there is a massive need for buildings, both residential and commercial. It is a known fact that shelter is one of the basic needs of man. Now for those who wouldn’t want to go through the ups and downs of running a business, you can choose to invest in development of hotels, school hostels for students, shopping malls, residential apartments, events and conference halls, etc.

11. Set up a writing company

If you are current with trend, you would have observed that most jobs in the United States are now being outsourced to countries like Philippines, India, China, etc. And as things stand now, a trickle of such outsourcing jobs are coming to Nigeria and one of such jobs is Article Writing or Ghostwriting. Do you have passion and skill for writing? If yes, then you can either choose to write from home as a self employed freelance writer or you can setup a company, employ competent writers and source for jobs online. This business is easy to get into and it is very profitable.

12. Call center agency

Have you called the customer care service of a telecom network before? Or have you tried sending a message or complaint to a corporate organization before? Do you know that those who take your calls, complaints and respond accordingly are not employees of the companies you patronize; neither do they operate in the premises of the company. If you are hearing this for the first time, then welcome to the world of “Call center outsourcing.” You can setup a call center agency and work for big companies on a contract basis. One sweet fact about this business is that you can start it from home and it doesn’t require much startup capital unless you want to scale up by employing more helping hands.

13. Recruitment Agency

The labour market is becoming tougher and there are over five million unemployed youths in Nigeria. Another hard fact is that companies are no longer employing full time in-house staff; they are now using the services of recruitment agencies to employ people based on contract basis. This strategy is aimed at reducing the cost of doing business by avoiding the cost of conducting a recruitment exercise and also avoiding employee claims and benefits. This is the sole reason why banks and other companies are sacking their workers on daily basis. So rather than fight the trend, why not profit from it by setting up a recruitment agency and connect jobseekers to their dream jobs. You can also be a corporate executive headhunter and make money poaching competent staff from one company to another.

14. Importation of wears

Clothing is another basic need of man. Regardless of the economy, people must wear clothes and this includes shoes, bags, underwear, perfumes, etc. Now there is a fast growing trend now and that is “Used clothes” or “Recycled clothes.” Since the economy is getting tougher and there’s need to be clothed, the masses have resolved to buying used clothes rather than new ones. Still yet, there is a market for new clothes; for men, women, and kids. You can source your materials from China, Hong Kong, Italy, France, Dubai, India, etc.

15. Haulage and logistics

Haulage and logistics is another booming business in Nigeria because regardless of the weather, people must haul their goods from one location to another. In fact, haulage or trucking business is one of the most profitable businesses so far; though it is management intensive. However, you can start with just a truck and see how it goes. You can choose to focus on hauling containers for clients from the seaports to their various destinations or better still, you can choose to haul products of specific companies such as breweries, production companies, etc. You can also haul perishable goods from farms and villages to the marketplace or you can haul specialty products such as frozen foods, petroleum products, gas, etc. Now there is also an opportunity for those who want to venture into haulage business but do not want to be bugged down by management requirements. All you need to do is to buy a truck and contract it to a Haulage and logistics company; which will in turn pay you a specified amount weekly or monthly based on agreement.

16. Outsourced bus service

This is another form of haulage business, but this time you will be lifting humans. This is a business that requires providing transportation services to organizations that cannot afford to buy a vehicle in-house. Your clients in this case can be schools, religious organizations, NGOs, etc. Now just imagine providing a bus and a driver, to be shared by three or more schools that can’t afford to own their own private bus; and you will catch the vision of this business.

17. e-Services

Nigeria is catching on with the rest of the world with respect to technology. If you are technologically inclined, you can setup shop in Nigeria and start offering e-services to clients. Example of such e-services include Web designing and development, App development, Digital marketing services, Search Engine Optimization services, Banner design services, Bulk SMS services, Online registration of exams such as JAMB, WAEC, professional courses, etc

18. Daycare centre

The demand for quality childcare service is increasing daily. Parents are now working harder just to generate enough income to keep the family going, thus leaving them with less time for the children. Now to be honest with you, there are a lot of daycare centers existing but only a few are providing exceptional services; and parents that cherish their kids are never comfortable leaving their kids in a child care centre whose environment is dirty. If you can come in with exceptional service and creativity, you will make money from this business. Another thing you must know is that you can start this business from home.

19. Training centers

Every year, millions of people sit for examinations and tests in Nigeria and most of these people usually need some kind of trainings or tutorials. You can position yourself as a provider of such training and make money off this niche. Examples of trainings you can offer include skill vocational acquisition training, corporate management skill training, etc. You can also conduct tutorial for individuals writing professional exams like ICAN, WAEC, JAMB, A. LEVEL, etc.

20. Waste Management

Waste management is another business with a future potential because Nigerians are yet to imbibe the habit of proper waste disposal. However, states like Lagos have been doing a lot to encourage proper waste disposal and management. Now there are several businesses you can start within the waste management niche and these include waste recycling, waste disposal, junk hauling, organic fertilizer production, etc.

21. Food processing

Another profitable industry to consider is the food processing industry. The concept of this industry is simply to take raw food materials and turn them into finished products. In fact, there are a lot of businesses you can do in this niche and examples of such businesses include Tomato puree production, Garri Processing, oil palm processing, groundnut processing, Fruit juice production, Rice milling, etc.

22. Alternative Power Installation

As the world goes green, and Nigeria battles her power supply challenges; there is an already established opening in Nigeria’s power sector. Even though the government has taken steps to deregulate the power sector by granting licenses for Independent Power Plants, granting a free import duty for the importation of power generation equipment and commissioning several power projects, this will never hamper the growing demand for alternative power generators such as solar panels, wind mills, Inverters, etc. You can either make money by importing and retailing these materials or you can choose to focus on installations.

23. Plantation Farming

Do you have a fertile vacant land and you know that you won’t be developing any structure on it in the nearest future? Then why not start a livestock farming, crop cultivation or plantation farming. There are a lot of cash crops you can plant, nurture and forget; and they will keep providing you with steady returns annually. Examples of crops you can start a plantation around are Orange, Plantain, Kola nut, Oil palm, Cocoa, Cassava, Yam, etc.

24. Manufacturing

You can also venture into small scale manufacturing of products that are in daily need. You don’t need to build a factory or industrial plant; you can start on a small scale from your room or a rented store or apartment. Products you can start manufacturing include Toothpick, Tissue paper, Serviette, chalk production, candle, Match sticks, nylons and polythene bags, cartons, paper bags, etc.

25. Bottled water production

I get calls from individuals almost on daily basis who are interested in setting up a “sachet water” (Pure water) production plant. Now let me tell you the honest truth, the sachet water or pure water business is saturated and the business may die off very soon. Why did I say this? Well, I got information from a reliable source that there is a long term plan to ban the production of sachet or nylon water; so as to stem environmental degradation and checkmate blocked drainages. So once this bill is passed into law, the sachet water production industry is toast. The only solution I foresee that can keep this business afloat is the establishment of a nylon recycling plant. However, to avoid being a victim of this yet-to-be proposed policy, it is advisable you venture into bottled water products and establish yourself as a brand.


http://homecomingrevolution.com/nigeria/2013/08/21/25-small-scale-business-ideas-and-opportunities-in-nigeria/


This will start making brain,when u understand the meaning of "small scale" "mini refinery" "tv station" etc,bros are u high?

2 Likes

Re: 25 Small Scale Business Ideas In Nigeria by voizofone: 3:56pm On Jan 18, 2015
I want it big
Re: 25 Small Scale Business Ideas In Nigeria by maberry(m): 4:11pm On Jan 18, 2015
The person who wrote this post clearly doesn't know the meaning of small scale

1 Like

Re: 25 Small Scale Business Ideas In Nigeria by Kingsley121(m): 5:44pm On Jan 18, 2015
benuejosh:
bros live story, how is what you just copied and paste beneficial to a man who earns #20,000 as monthly salary, with a family of 5.
guy I support u,why was ur topic named 'small scale business' ,there is no business here, u can even start up with 50k
Re: 25 Small Scale Business Ideas In Nigeria by Abyzan(m): 8:16pm On Jan 19, 2015
benuejosh:
. a family man with children whose only source of income is that stipend? nothing can be possible.

come on man...dont see it that way! you gotta take extraordinary measures to be successful
Re: 25 Small Scale Business Ideas In Nigeria by benuejosh: 6:00am On Jan 20, 2015
Abyzan:


come on man...dont see it that way! you gotta take extraordinary measures to be successful
only when you have favourable conditions.
Re: 25 Small Scale Business Ideas In Nigeria by seyi4nig: 11:24am On Feb 09, 2015
Pls bros. How much will it cost to obtain a ferry that can be used for inland waterway transport in Nigeria. In Naira pls.
Re: 25 Small Scale Business Ideas In Nigeria by Nobody: 1:26pm On Feb 09, 2015
Dear Investors,

Undoubtedly a vast investment potential exists in the domestic liquefied petroleum gas filling sub-sector of the Oil & Gas Industry in Nigeria. A large proportion of the middle and upper socio-economic class of people depend on gas for cooking purposes. So are industries, government establishments, hotels, hospitals, restaurants, bakeries e.t.c  

A statistic for the country some years ago showed that a mere 5% of the consumption potentials of LPG were attained. It is therefore evident that we have a long way to saturate the Nigeria LPG Market if it were to be fully developed because if a domestic consumer is sure of getting LPG when and where he needs it at the right price, he would most willingly convert from firewood, coal or kerosene to LPG.  

With huge gas reserves of 185 trillion cubic feet and the Nigerian government's strong commitment to developing the gas industry through the Gas Master Plan, there are a lot of emerging opportunities for investors in the sub- sector. With less than one kilogram me per capita consumption, Nigeria ranks among the lowest liquefied petroleum gas consuming states in Africa despite its huge gas resources.  

Today, Nigeria consumes about 110, 000MT per annum and we have about 130 LPG plants and 7,000 retailing outlets. If we can move the consumption level up to 750,000MT per annum, we expect to have about 250 LPG plants and 74,970 retailing outlets.”   More succinctly, a captive market of over 165 million people makes investment in LPG bottling plant viable since one of the challenges the Federal Government as well as LPG operators are forced to grapple with is how to popularize the use of cooking gas in Nigeria.

Following the unprecedented demand for LPG in Nigeria and attendant scarcity of the product which has resulted in sharp and arbitrary price increases, the distribution of gas products has been deregulated. Consequently, private individuals and firms can now set up LPG plants.  

The company would supply about 70 cylinder of 12.5 kg weight per day through personalized cylinder pick-up and delivery services to our client's doorstep with our vehicles.   The required startup capital estimate of the business is N 5,933,000.00 ($40, 000) and it would be funded either by Equity or 100% loan.  The loan would be used to finance our purchase on installation of the production plant and the working capital. We expect to generate a net profit after tax of N 3,359,730.42 ($19, 763), N 3,627,832.26($21, 340) and N 3,986,509.08($23, 450) in the first, second and third year with the repayment plan of three {3} years with moratorium period of three {3} months. The assumed interest rate for the loan is 25%.

If interested, a detailed Feasiblity Study Report/ Business Plan and a 3years financial report would be sent to you upon Request for N40, 000
(payment would be after physically inspecting the documents)

This report can be used to Register for a business grant and also it can be used to process/collect a loan from the bank.
the document has been well prepared and its contains a viability study also. an excellent document to use to attract investors to show how serious you are a business man.

Only few person and states would be sold the document as it would be personalized to fit into whatever state you which to operate this business model.

We do hope to hear back from you so we can discuss more and we would be willing to also hear you
Email: columellanigeria2010@gmail.com

Thank you.
Okebugwu Williams Ikechukwu
+234(0) 8029716876
( call, sms or Whatsapp.)
Email: columellanigeria2010@gmail.com

Thank you.
Okebugwu Williams Ikechukwu
+234(0) 8029716876
( call, sms or Whatsapp.)

Re: 25 Small Scale Business Ideas In Nigeria by uwish: 1:47pm On Feb 09, 2015
Undoubtedly a vast investment potential exists in the domestic liquefied petroleum gas filling sub-sector of the Oil & Gas Industry in Nigeria. A large proportion of the middle and upper socio-economic class of people depend on gas for cooking purposes. So are industries, government establishments, hotels, hospitals, restaurants, bakeries e.t.c

A statistic for the country some years ago showed that a mere 5% of the consumption potentials of LPG were attained. It is therefore evident that we have a long way to saturate the Nigeria LPG Market if it were to be fully developed because if a domestic consumer is sure of getting LPG when and where he needs it at the right price, he would most willingly convert from firewood, coal or kerosene to LPG.


this is not also a small scale business
Re: 25 Small Scale Business Ideas In Nigeria by testoy: 3:21pm On Feb 09, 2015
This is just rubbish. your copy and pasted topic is senseless, how can you call this small scale business
Re: 25 Small Scale Business Ideas In Nigeria by chosenpraise(f): 1:33pm On Nov 19, 2015
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Re: 25 Small Scale Business Ideas In Nigeria by Yeecar(m): 1:34pm On Nov 19, 2015
Re: 25 Small Scale Business Ideas In Nigeria by babytejiri(m): 5:07am On Jan 26, 2016
Re: 25 Small Scale Business Ideas In Nigeria by Kayu1: 2:30pm On Feb 01, 2016
Arise and shine my pple, online business is booming, so lucrative and will make u a millionaires, u can make more Than &200 by working just 30 minutes a day, wich is more Dan your 8hours day job. This is best option and strategy of making money from home using the internet. To Read more click here; www.adaramolaquicksmart..com. Or contact us via email kayode179@gmail.com, or whatsapp no 08036856017
Re: 25 Small Scale Business Ideas In Nigeria by frankzee: 10:04pm On Feb 02, 2016
pls I way u to gv details on number (4) . Setting up a private mini refinery. let me understand something pls.
Re: 25 Small Scale Business Ideas In Nigeria by wellmax(m): 9:56pm On Mar 03, 2016
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Re: 25 Small Scale Business Ideas In Nigeria by SolidGenius(m): 2:56pm On Dec 05, 2016
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Re: 25 Small Scale Business Ideas In Nigeria by ultrazone(m): 11:00pm On May 14, 2018
Re: 25 Small Scale Business Ideas In Nigeria by tck2000(m): 11:56am On Dec 18, 2019
benuejosh:
bros live story, how is what you just copied and paste beneficial to a man who earns #20,000 as monthly salary, with a family of 5.
lol
Re: 25 Small Scale Business Ideas In Nigeria by bluefilm: 12:03am On Dec 01, 2020
Biliamin:
Stumbled on this and I think it worth sharing:


1. Livestock Farming

Livestock farming is a booming business in Nigeria and the trend is not dying anytime soon. With 150+million mouths to feed daily, there will always be demand for livestock products. However, lack of technical know-how and the use of crude equipment are the major factors hampering the growth of this industry. If you can come in with adequate knowledge and the patience to nurture this business, you will reap immensely. Now you can choose to either venture into livestock breeding of animals or better still, you can stick to livestock feed production or equipment retailing.
◦Poultry farming – Egg production, meat production, hatchery or day-old-chicks production, etc.
◦Cattle Farming – Diary (milk) production, beef, etc.
◦Goat Farming
◦Sheep
◦Fish Farming
◦Piggery
◦Grasscutter Farming
◦Snail Farming

2. Agro-products exportation

Nigeria is blessed with a lot of food and natural resources; and most of these natural resources are raw materials needed for the production of some finished products. Every day, tons of raw materials and food products leave the shores of Nigeria to countries such as India, Vietnam, China, USA, UK, Brazil, etc; yet, the demand is never met. You can become an exporter by simply registering with the Nigerian Export Promotion Council and decide on the specific product you wish to export. Examples of products highly in demand are Chili pepper, Kola nuts, Bitter Kola, Cassava flakes (Garri), Cocoa, Groundnut, Yam flour, Cashew nuts, etc.

3. Mining

Nigeria is blessed with a lot of mineral resources like Limestone, Coal, Iron ore, Bitumen, etc. Aside this, the mining industry in Nigeria is set to take off because the federal government in June 2013 implemented a policy to drive forward the mining industry by declaring the importation of mining equipment duty free. The government is also going after many dormant investors who were granted mining licenses but are not utilizing it. This act I believe, will spur the growth in the mining sector. If you have the financial capacity and a team, you can position yourself in this sector.

4. Setting up a private mini refinery

There are lots of business opportunities in the oil and gas sector. Building a private refinery and refining crude oil is another business you should look into because there is a lot of potential in it. In January 2012, the federal government announced the partial removal of subsidy and with a long term plan to totally remove fuel subsidy. What this means in essence is that petroleum product importers will now sell as they buy; thus bringing in competition and it is a known fact that 80% of petroleum products consumed in Nigeria are imported. Now with the total removal of fuel subsidy, investors will now have the opportunity to set up their own refinery and produce fuel. Are you among those that think the total fuel subsidy removal is a pipe dream? Then think again because in May 2013, Aliko Dangote raised $4billion for the setting up of a refinery; which will be sited in Ondo state. Enough said.

5. Inland waterway Transport

There are lots of opportunities in the transport industry and inland waterway is one of them. Nigeria has a broad network of inland waterways comprising rivers, creeks, lakes and seas; yet, transportation still remains a challenge because investors are yet to tap into water transportation. A lot of countries such as Italy, Thailand, etc have effectively been utilizing their waterways as a means of transport; thus reducing the traffic congestion on the road. All you need to do is to incorporate a company, obtain license from the state and federal government, import or purchase some locally fabricated boats; and you are in business.

6. Establishing a Television and Radio Station

Now it is a known fact that the mass media industry is saturated in Nigeria. However, this is only true for some cities in Nigeria such as Lagos and Abuja. I have travel through several parts of the countries and discovered that most states have no private TV station, and only rely on the government own TV stations; which are very incompetent, uncreative and unreliable. I see an opportunity for entrepreneurs and investors with interest and competence in broadcasting or mass media. You can either choose to setup a radio station or TV Station.

7. Setting up a security company

There is a huge demand for excellent security services in Nigeria. As the government battle to improve the security situation in the country, individuals and corporate entities are now becoming aware of the fact that security is not the responsibility of the government alone; it is a collective responsibility. Hence, the current increase in demand for security guards, bodyguards, executive protection professionals and security gadgets or devices. As an entrepreneur or investor, you can setup a security guard recruitment or training company, or you can setup a bodyguard agency. Also, you can import and retail security products and safety devices.

8. Sewing of specialized uniforms

There are over 500 schools (both Crèche, primary and secondary) in Lagos state alone; and each of these schools have a specific uniform or attire for their students. Okay, let’s look beyond educational institutions. Do you know that other individuals and corporate organizations are in need of uniforms for their security personnel, staff, etc? There are also a lot or military (Army, Air Force, Navy), paramilitary (Civil Defense Corps, Police Force) and non-paramilitary (Road Safety, Traffic Warden, Kick against Indiscipline, Vigilante groups, etc) organizations in Nigeria that make use of uniforms. You can position yourself as a uniform supplier and make money from it.

9. Construction company

Nigeria is still a developing country especially in the area of infrastructure but this is set to change in the nearest future. Massive constructions are currently on-going in Nigeria ranging from bridges, roads, towers and skyscrapers, etc. If you run a construction company oversee, or you have the financial capacity to assemble the needed team and machinery for a construction company; then this is a business you should invest in.

10. Real Estate development

I have met a lot of individuals with money piling up in the bank, but they don’t seem to know what to do with that money. Yet, on every business trip I make, I hear stories of people facing accommodation problems; not because they can’t afford it but because there is none within their choice of location. Also, I hear woeful stories from students in various universities and other high institutions who live under harsh conditions; not because they want to or can’t afford a comfortable place to live; but because they is no conducive apartment in close proximity to the institutions.

I also know the stress, effort and resources it took me before I got an office space both within and outside Lagos. What these facts or complaints are pointing to is that there is a massive need for buildings, both residential and commercial. It is a known fact that shelter is one of the basic needs of man. Now for those who wouldn’t want to go through the ups and downs of running a business, you can choose to invest in development of hotels, school hostels for students, shopping malls, residential apartments, events and conference halls, etc.

11. Set up a writing company

If you are current with trend, you would have observed that most jobs in the United States are now being outsourced to countries like Philippines, India, China, etc. And as things stand now, a trickle of such outsourcing jobs are coming to Nigeria and one of such jobs is Article Writing or Ghostwriting. Do you have passion and skill for writing? If yes, then you can either choose to write from home as a self employed freelance writer or you can setup a company, employ competent writers and source for jobs online. This business is easy to get into and it is very profitable.

12. Call center agency

Have you called the customer care service of a telecom network before? Or have you tried sending a message or complaint to a corporate organization before? Do you know that those who take your calls, complaints and respond accordingly are not employees of the companies you patronize; neither do they operate in the premises of the company. If you are hearing this for the first time, then welcome to the world of “Call center outsourcing.” You can setup a call center agency and work for big companies on a contract basis. One sweet fact about this business is that you can start it from home and it doesn’t require much startup capital unless you want to scale up by employing more helping hands.

13. Recruitment Agency

The labour market is becoming tougher and there are over five million unemployed youths in Nigeria. Another hard fact is that companies are no longer employing full time in-house staff; they are now using the services of recruitment agencies to employ people based on contract basis. This strategy is aimed at reducing the cost of doing business by avoiding the cost of conducting a recruitment exercise and also avoiding employee claims and benefits. This is the sole reason why banks and other companies are sacking their workers on daily basis. So rather than fight the trend, why not profit from it by setting up a recruitment agency and connect jobseekers to their dream jobs. You can also be a corporate executive headhunter and make money poaching competent staff from one company to another.

14. Importation of wears

Clothing is another basic need of man. Regardless of the economy, people must wear clothes and this includes shoes, bags, underwear, perfumes, etc. Now there is a fast growing trend now and that is “Used clothes” or “Recycled clothes.” Since the economy is getting tougher and there’s need to be clothed, the masses have resolved to buying used clothes rather than new ones. Still yet, there is a market for new clothes; for men, women, and kids. You can source your materials from China, Hong Kong, Italy, France, Dubai, India, etc.

15. Haulage and logistics

Haulage and logistics is another booming business in Nigeria because regardless of the weather, people must haul their goods from one location to another. In fact, haulage or trucking business is one of the most profitable businesses so far; though it is management intensive. However, you can start with just a truck and see how it goes. You can choose to focus on hauling containers for clients from the seaports to their various destinations or better still, you can choose to haul products of specific companies such as breweries, production companies, etc. You can also haul perishable goods from farms and villages to the marketplace or you can haul specialty products such as frozen foods, petroleum products, gas, etc. Now there is also an opportunity for those who want to venture into haulage business but do not want to be bugged down by management requirements. All you need to do is to buy a truck and contract it to a Haulage and logistics company; which will in turn pay you a specified amount weekly or monthly based on agreement.

16. Outsourced bus service

This is another form of haulage business, but this time you will be lifting humans. This is a business that requires providing transportation services to organizations that cannot afford to buy a vehicle in-house. Your clients in this case can be schools, religious organizations, NGOs, etc. Now just imagine providing a bus and a driver, to be shared by three or more schools that can’t afford to own their own private bus; and you will catch the vision of this business.

17. e-Services

Nigeria is catching on with the rest of the world with respect to technology. If you are technologically inclined, you can setup shop in Nigeria and start offering e-services to clients. Example of such e-services include Web designing and development, App development, Digital marketing services, Search Engine Optimization services, Banner design services, Bulk SMS services, Online registration of exams such as JAMB, WAEC, professional courses, etc

18. Daycare centre

The demand for quality childcare service is increasing daily. Parents are now working harder just to generate enough income to keep the family going, thus leaving them with less time for the children. Now to be honest with you, there are a lot of daycare centers existing but only a few are providing exceptional services; and parents that cherish their kids are never comfortable leaving their kids in a child care centre whose environment is dirty. If you can come in with exceptional service and creativity, you will make money from this business. Another thing you must know is that you can start this business from home.

19. Training centers

Every year, millions of people sit for examinations and tests in Nigeria and most of these people usually need some kind of trainings or tutorials. You can position yourself as a provider of such training and make money off this niche. Examples of trainings you can offer include skill vocational acquisition training, corporate management skill training, etc. You can also conduct tutorial for individuals writing professional exams like ICAN, WAEC, JAMB, A. LEVEL, etc.

20. Waste Management

Waste management is another business with a future potential because Nigerians are yet to imbibe the habit of proper waste disposal. However, states like Lagos have been doing a lot to encourage proper waste disposal and management. Now there are several businesses you can start within the waste management niche and these include waste recycling, waste disposal, junk hauling, organic fertilizer production, etc.

21. Food processing

Another profitable industry to consider is the food processing industry. The concept of this industry is simply to take raw food materials and turn them into finished products. In fact, there are a lot of businesses you can do in this niche and examples of such businesses include Tomato puree production, Garri Processing, oil palm processing, groundnut processing, Fruit juice production, Rice milling, etc.

22. Alternative Power Installation

As the world goes green, and Nigeria battles her power supply challenges; there is an already established opening in Nigeria’s power sector. Even though the government has taken steps to deregulate the power sector by granting licenses for Independent Power Plants, granting a free import duty for the importation of power generation equipment and commissioning several power projects, this will never hamper the growing demand for alternative power generators such as solar panels, wind mills, Inverters, etc. You can either make money by importing and retailing these materials or you can choose to focus on installations.

23. Plantation Farming

Do you have a fertile vacant land and you know that you won’t be developing any structure on it in the nearest future? Then why not start a livestock farming, crop cultivation or plantation farming. There are a lot of cash crops you can plant, nurture and forget; and they will keep providing you with steady returns annually. Examples of crops you can start a plantation around are Orange, Plantain, Kola nut, Oil palm, Cocoa, Cassava, Yam, etc.

24. Manufacturing

You can also venture into small scale manufacturing of products that are in daily need. You don’t need to build a factory or industrial plant; you can start on a small scale from your room or a rented store or apartment. Products you can start manufacturing include Toothpick, Tissue paper, Serviette, chalk production, candle, Match sticks, nylons and polythene bags, cartons, paper bags, etc.

25. Bottled water production

I get calls from individuals almost on daily basis who are interested in setting up a “sachet water” (Pure water) production plant. Now let me tell you the honest truth, the sachet water or pure water business is saturated and the business may die off very soon. Why did I say this? Well, I got information from a reliable source that there is a long term plan to ban the production of sachet or nylon water; so as to stem environmental degradation and checkmate blocked drainages. So once this bill is passed into law, the sachet water production industry is toast. The only solution I foresee that can keep this business afloat is the establishment of a nylon recycling plant. However, to avoid being a victim of this yet-to-be proposed policy, it is advisable you venture into bottled water products and establish yourself as a brand.


http://homecomingrevolution.com/nigeria/2013/08/21/25-small-scale-business-ideas-and-opportunities-in-nigeria/

Thanks for sharing.

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