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5 Simple Business Opportunities In Nigeria - Business - Nairaland

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5 Simple Business Opportunities In Nigeria by nblinks(m): 4:53pm On Jun 19, 2019
In a country like Nigeria, with over 200 million in population, there exist various business opportunities. Going by one of my favourite economy quote, "you make money when there is demand for your product". If that is the case, there are few business opportunities in the country where the demand is high. By taking advantage of these high demands, you may hit that jackpot.

Recently, I look into those type of businesses that require low start-up cost and which are of high demand.
Without too much ado, here they are:

1. Start an online business:

Online business in Nigeria is still at an infant stage; in fact, there exist various untapped business opportunities in the sector. opportunities like drop-shipping, affiliate marketing, consultancy etc.

With high demand of products and services, this an area to look into. Companies like Jumia, Konga and others are looking for drop-shippers and affiliate marketers; while many others look to secure the services of consultants like SEO and the rest.

If you are a freelancer, you have a better chance in this sector too.

2. App development and programing:

App development is one of those business areas that are not so crowded in Nigeria. Why I’m saying this because you notice that most apps on your phones were built by people from other countries.

I’ve see some apps built by Nigerians, like those bank app, ayo game, news app and some other few, but I believe that we can still do more in that aspect.

I believe that if we can come up with addictive games, people all over the world will download it or if we can come up with a very useful app, it’s going to sell all over the world.

App development is a business that has to do more with your skill and ideas you have than any other thing, if you don’t have the skill, you will need to employ someone skilled in that area that can work for you or you can go and learn the skill and start developing your own apps .

3. Recycling business:

Recycling business has to do with transforming waste materials into usable products. You might see some things as waste but to some people it is actually a source of gold mine.

There are different wastes that you can recycle if you want to go into the recycling business. One of those is used papers and cardboard as they can be recycled back into papers such as plain sheet, toilet paper or newspaper.

You can also recycle plastic bottles to t-shirts, sweaters and other forms of plastic. Glass can also be recycled into tiles, flooring and also a brand new glass.h

Examples of home items you can recycle include bulbs, batteries, CDs, disposable plates and cups, books and cards.

Recycling business makes you to see things in a different way because you now realize that those waste in your garage can serve a source of raw material for production.

Human feces can also be recycled into fuel and even fertilizer, so think about that before going to the toilet to poo.

4. Agriculture:

Farming is good and the demand for its products are high. Even though some people are into agriculture already, there is still a long way to go when it comes to agriculture and delivering sustainable agriculture in the country.

When you look top countries that are into agriculture, the likes of China, Brazil, India, USA and Turkey, you will see how agriculture is also adding to their economy. Nigeria has the potential of getting close to what these top countries have achieved, if we are serious about agriculture.

Nigeria should be doing more of exporting agricultural products rather than importing them, if we can achieve this it’s really going to have a great impact on the economy.

5. Food business:

There is no way food business will not be among the most lucrative businesses in Nigeria. This is an evergreen business. People will always eat! No matter how hard or tough the economy is, one thing people can never do without is food.

This is a business that if you run well, can make you rich. It is also very easy to win loyal customers. As long as your food is delicious, people will always come back.

If you can find a good location, acquire the right skills and personnel, you can run a successful food business. This is a business without season. It is in demand every day.

Within the food business, opportunities exist. Here are some of what you can do:

i. Franchising;
ii. Open a local restaurant;
iii. Start food supply chain;
iv. Open foreign and international restaurant; and
v. Export food.

As you can see, there are various business opportunities in Nigeria. All you have to do is to look around you and take advantage of the opportunity.

Good luck.
Re: 5 Simple Business Opportunities In Nigeria by BonnyWood(m): 8:19am On Jun 21, 2019
Great article. I am pretty sure that everyone who has business knows for sure that app development it is the next step to create a stable and profitable project. I recommend to read this article https://light-it.net/blog/7-key-reasons-why-your-ecommerce-store-needs-a-mobile-app/#4 and make sure you are aware of all details and can put your business on the next level
Re: 5 Simple Business Opportunities In Nigeria by Kognisjon: 12:11am On Jun 22, 2019
There are lots off companies, providing mobile application development services. Recently, my friend who have it's own e-commerce website, hired an agency digital-three, and really they did an awesome work.
Re: 5 Simple Business Opportunities In Nigeria by Ugosample(m): 2:10am On Jun 22, 2019
Agriculture is the main thing in Africa now

But one has to do things right and not cut corners, or be in a haste for quick gains if he/she wants to venture into Agriculture
Re: 5 Simple Business Opportunities In Nigeria by BonnyWood(m): 7:53am On Jun 25, 2019
In principal there are more opportunities. You can also take into account app development for any business in the region. Check out how much does it cost to create a mobile app https://light-it.net/blog/how-much-does-it-cost-create-app#4 and make sure you can earn on it. Simply choose the field and go ahead. Hope it can help
Re: 5 Simple Business Opportunities In Nigeria by nblinks(m): 1:38am On Oct 27, 2019
Truly, I support this.

Agriculture is a good business to go into. Not only because it can yield good profit, but also because it has low entry barrier as a business.

Agriculture is the main thing in Africa now

But one has to do things right and not cut corners, or be in a haste for quick gains if he/she wants to venture into Agriculture

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