You know for the past 55 years Nigeria has been dependent on its valuable oil resources, which have brought great wealth to a select few, but oil is not the only lucrative business in Nigeria.
You know Nigeria’s economic sphere slowly changing, and one of the major reasons is that for the past 55 years Nigeria has depended on its valuable oil resources, which have brought great wealth to a select few, but oil and politics is not the only business in Nigeria.
Nigeria’s current economic structure diversifies to overcome its dependency on oil. This has opened up lot of opportunities for a new generation of entrepreneurs.
So if you are thinking or looking for a business in Nigeria to invests your time and money in and making millions of Naira from it, here are some Lucrative ideas you can choose from.
1. E-commerce – E-commerce is an online retail business and a very promising venture one of the best things about e-commerce is the fact that you will have all the tools and customers over the web. And for those who don’t have the required knowledge, you can collaborate with an established firm like KONGA, JUMIA, JIJI, EFRINTIN, OLX all others to operate your e-commerce enterprise. The benefits are – Low start-up costs, changes can be made instantly, the potential customer reach, and you can easily measure results with cost affective online marketing.
2. Fast Food business – To open an eatery here some tips and steps you need to follow, you have pick a good business location, you need to have decent customer service, your management skills have to be really good and lastly you would need very large capital in order to set up an eatery and make sure that everything runs professionally. You can create your own brand, or buy in to an already established business franchise, such as Mr. Biggs and many others.

3. Construction business – Business is booming in Nigeria, and so is our population. To support this growth, Nigeria now has a booming construction and housing sector. The range, type and size of projects is huge, so there are plenty of opportunities depending on how much capital you can invest. If managing a construction project isn’t for you, you can set yourself up as a local dealer to supply building materials. The investment is not as huge, but considerable investment will be required initially to buy and stock materials. But you can be assured that there will be no shortage of business.
4. Hotel business – This is a really big industry, with a very high rate of competition. Starting and maintaining your hotel requires a large amount of capital. And It also requires lots of planning, patience and hard work to start-up. A professional and high-level of customer service skills needed to attract new and returning visitors.
5. Kerosene and Gas retail – setting yourself up as a supplier can make you quick millions. Kerosene and gas is used in most homes in Nigeria. This is one of the biggest business opportunities in Nigeria. Business men and women have been known to receive 100% profit on their initial investment.

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