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Top 90 Best Business Ideas For 2020 - Business - Nairaland

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Top 90 Best Business Ideas For 2020 by catman: 8:07pm On Jul 02, 2020
90 Best Business Ideas – Would you want to start a business in Nigeria with low capital? If YES, in this article you’ll see 90 best small scale business ideas & investment opportunities that will make you rich in Nigeria.

There are over 1,000 business ideas that can make you rich in Nigeria but you’re not looking hard enough. Nigeria is a big market, it is the economic capital of Africa to be exact. You can capitalize on this and create wealth for yourself.

Why looking for a job when you can create one! I believe the ideas listed in this article can work anywhere in Nigeria. Like all businesses, you must face setbacks but with extra effort and persistence, you can succeed anywhere you start any of this business in Nigeria.

Lucrative Business Ideas In Nigeria
Nigeria is a giant goldmine and more. Ideas in the article are from personal experience. I’ve got a small list of 100 hot small scale business ideas to start in Nigeria, if you’re ready, here they are:

Online Advertising Agency
Over 400 billion dollars was spent online on adverts in 2018. This business is taking over the world from blogs to facebook, social media, websites, newspapers and search engines and I’ve even thousands of adverts on apps and games.

With this business, you can easily become rich in Nigeria. Setting up an online advertising agency helps you take advantage of this opportunity and has wide income potential.

Security & Tracking Services
Urbanization comes with its advantages. Unlike bouncing and security services with you have to do the physically, here the machines do all the work.

Selling, repairing and installing CCTV cameras, stun gun, GPS trackers, pepper spray, taser, lasers, alarm systems, car trackers, mobile tracker, and other security gadgets have proved to be profitable especially in areas with high crime rates and elite society. You can make millions of Naira from this business monthly.

Exporting
You might be thinking there is not much to export in Nigeria but sadly you’re wrong. Exporting raw material is one of the most profitable international trades around Africa.

Exporting raw materials like Cocoa, green vegetable, vegetable oil, yam, cassava, palm oil, crude oil, etc just name it, all these items are in high demand outside the nation. Picking a niche in this trade and becoming dominant in it that makes you very very rich in Nigeria.

Also See : Top 10 Richest Musicians In Nigeria 2020 : Cars, Houses & Net Worths

Public Relations Services
If you do know how to engage the public then this skill is ideal for you. You have tons of jobs everywhere from celebrities to governors and even businessmen as your prospective clients, whose profile you’ll handle. This fast-rising business opportunity it’s one of your best bet to financial freedom.

5. Agriculture
Nothing says easy money like agriculture making staple food like rice, cassava, potato, beans has a high build a massive network for farmer & agriculturist especially here in Nigeria. You can start up your backyard farm and start earning a couple of bucks for yourself

Brewery
Alcoholic drinks are kind of a necessity in special events & celebrations. People have different tastes and choices from Star Lager beer to Guinness, Origin, etc.

This business idea is low start-up biz with high-profit potential. Setting up your brewery is a game-changer. This business idea can turn your life around.

Showbiz and Entertainment
About two hundred and fifty million Naira is gathered from showbiz and entertainment nationwide. There is a lot of money stuffed in this industry and if you play your cards right, you can tap a couple of bucks this business.

Creating entertaining music, movies, videos or posts on social media is a game-changer. Although it often requires large start-up capital, it pays in long and short runs.

Juice & Beverage Production
This another great passive income idea that you are sure to love. Starting up a juice factory as an alternative to beer or as diversification for your beer factory this is one hot business idea that will surely make you rich.

Transport Services
The transportation business is another big business in Nigeria. Tricycles (Keke Napeps), motorcycles (Okada), taxis, Volkswagen buses (Danfo) all these are common transport vehicles around us and most of these vehicles cost less than ₦300,000. You can purchase one of your choices and start making up to ₦10,000 daily

Sport Trainer
Nigerians love the sport from football to basketball, boxing, golf, cycling, etc. A sports instructor/coach you have a wide array of customers waiting and trying to get your attention as long as you have the qualifications and their confidence. You’ll be rich especially in football and basketball that are by far in high demand.

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