|
labson
|
If you had (access to) $1 - 5 million what businesses would you consider starting in Nigeria today? Open to all ideas.
|
|
|
|
|
|
danielorde (m)
|
Well, considering that Nigerians have many issues to resolve as we progress on the path to true self sustainability. One such Ideas are not going to bring income right away, but if you get it right, You'll go to Bed smiling. I dare say there will be no storms except a crazy goverment policy shows its ugly face, infact most of the people in Power are investing in some of the underlisted.
1. Food (it could be as basic as farming, or repackaging of food or even distribution - It costs quite an amount to get Yam tubers from the North to the south)
2. Clothing - this one you gotta wait small sha, policies no favour am
3. Education - Start a reputable Primary or secondary school.
4. Transportation
For me, Number still is my favorite, People must just eat! for example as of 2004/2005 Cassava was more expensive in Nigeria than in the internation market, there is not enough to go round yet as very affordable price. According to the minister for agriculture, Nigeria still need a few hundred miilion metric tonnes of fish to meet our annual demand.
LIke I said, this is not by and sell where returns is almost immediate. You gotta plan carefully and hash out you project.
|
|
|
|
|
|
Seun (m)
|
You can go into the food canning business. Mass-produce canned vegetables - the ones used in cooking stew - so housewives can just warm your product and add water or oil to make their stew!
NEPA makes it hard for people to use deep freezers to preserve their food, so canning might be a better option. Canned peppersoup, canned okra, etc. You might not even invest up to $1 million and you'll make a lot more.
|
|
|
|
|
|
goodguy (m)
|
I think an eatery will do. But then, there are too many competitors out there.  |
|
|
|
|
|
kazey (m)
|
Start my own buka franchise  |
|
|
|
|
|
Seun (m)
|
Buka Franchise is a great idea. The food will be local, but the environment will be spotlessly clean. Whatever business you choose, you need to be here in Nigeria to really make it work.
|
|
|
|
|
|
gabng (m)
|
soccer betting service
|
|
|
|
|
|
hola2ng (m)
|
Entertainment Hotspot (Club, Cafe, Cinema, Restaurant)   |
|
|
|
|
|
labson
|
These are great ideas. I appreciate your input and thoughts. Indeed I believe the consumer (food stuff, processing) and services (entertainment and transportation) do offer exciting potential.  What about things like furniture manufacturing, IT business. Any thoughts around those? If you have any others please suggest them. Thanks. 
|
|
|
|
|
|
Blue2 (m)
|
If i had that type of money i'd invest it in education (primary and secondary); there is a big demand by nigerian parents (both home and abroad) for quality education and they are ready to pay reasonably for it. if in doubt check out the numbers of nigerians jetting to the UK for 1st and 2nd degrees and considering the rates international studnets pays you go know say e no easy!
|
|
|
|
|
|
otokx (m)
|
am with hola2ng.
|
|
|
|
|
|
Wisdomxy (m)
|
There is a very lucrative manufacturing industry that you can invest $1-5 million in and get your money back within a short period of time. There is never a dull moment in this business.
Infact a friend who invested in this business is always smiling to the bank every day.
|
|
|
|
|
|
Zahymaka (m)
|
There is a very lucrative manufacturing industry that you can invest $1-5 million in and get your money back within a short period of time.There is never a dull moment in this business.
Infact a friend who invested in this business is always smiling to the bank every day.If you are interested in the information contact me I'm sorry, but I'm wondering what there is to hide. Is it so secret you can't share it on the board? |
|
|
|
|
|
|
|
Allwell (m)
|
set up a water packaging coy or a plastic manufacturing coy. i can always help with instrumentating the latter.
|
|
|
|
|
|
kazey (m)
|
If you work in the bank, just get those bank brokers to help you out? Your co-workers?
|
|
|
|
|
|
Chiaka (f)
|
Try farming if you can get some good land in your village even if its on lease but try acquiring the land if you can. There's food shortage in Nigeria and Food is expensive in Nigeria. People don’t want to farm here because most people's mentality here is that farming is meant for the poor and suffering while in the real sense farming can be very lucrative of well harnessed. You don’t necessarily have to do the planting/Harvesting pay some young able men to do the job who need it to pay school fees or settle some bills.
|
|
|
|
|
|
|
|
omolayo1 (m)
|
BUSINESS IDEAS WILL NOT BE A PROBLEM IF You WANT ME TO COME UP WITH ONE BUT HOW TO GET THE MONEY BY INDIVIDUALS. PRESENTLY I'M WRITING A PROPOSAL ON A BIZ TO PRESENT TO MY BANK WHICH I WOULD HAVE PREFERED TO GIVE TO INDIVIDUAL SURPOSING THEY CAN FOUND IT. ANY ALOT OF PEOPLE/INDIVIDUALS HAS BEING DOING THE BIZ BUT WITH LITTLE KNOWLEGDE OF IT. IT IS EARTH MOVING EQUIPMENTS BIZ, I MEAN IN ALL AREA OF IT SUCH AS SALES ,LEASE AND REANTALS. IT INVOLVES A VERY HUGE AMONUT OF MONEY TO INVEST ON THIS BIZ. I CAN STILL TELL You SOME VERY LUCRATIVE AREAS THAT IS AVAILABLE FOR INVESTOR AND I CAN QUARANTEE YOU THE SHORT TERM PAYBACK PERIOD OF THEM ALL. IF YOU ARE INTERESTED IN SUCH MEGA BIZ, YOU CAN CALL ME OR EMAIL ME ON AUTHORISEAUTHOR@YAHOO.CO.UK OR 08059239292. WITH MY EXPERIENCE IN THIS AREA OF BISINESS OVER THE YEARS, YOU WILL BE SURPRISE AT WHAT I WILL DO WITH YOUR MONEY, |
|
|
|
|
|
Touareg V8 (m)
|
Dear labson,
I have sent you an email, containing some very useful information. If the opportunity is of interest to you please feel free to contact me.
Take care,
|
|
|
|
|
|
Seun (m)
|
How about building a luxury hostel?
|
|
|
|
|
|
baale 1 (f)
|
I think an ice block factory and coldroom would be ideal.My cousin does consultancy on that and he says the market is very good and still has lots of opening,if you consider the power situation in the country.He can be reached on 01-6560611
|
|
|
|
|
|
naijacutee (f)
|
Recycle pure water nylon bags/those other popular nylon bags and sell them back to the manufacturers for less than their cost price. That way, you'll be cleaning up Nigeria, creating jobs and providing a very welcome service.
|
|
|
|
|
|
Touareg V8 (m)
|
labson, my email to you has bounced back. I assume you unavailable!!
|
|
|
|
|
|
![Nairaland [Nigerian Forum] Home](http://www.nairaland.com/Themes/default/images/english/home.gif)
Author
