How To Make Money In Nigeria by Solving Any of These 8 Serious Problems Especially Number 5



Want to know how to make money in Africa the ‘easy’ way? Solve a serious problem!

When you look at Africa, what do you see?

When most people look at Africa, there are two very strong but opposite images that emerge:

Some see a continent that is full of problems – unemployment, disease, hunger and insecurity – a place where everything is wrong and nothing works.



Some others see a land of vast opportunities and untapped potential.

Optimists like to describe Africa as the “world’s last frontier” of lucrative business opportunities.

While the ignorant and fearful see a dark and unpromising continent, smart entrepreneurs see the amazing business opportunities that lie beneath all of Africa’s problems.

This article looks at eight serious problems that hold lucrative business opportunities in Africa and will make money for entrepreneurs who can unlock them.



Want To Make Money In Nigeria? Start by Solving Any of These 8 Serious Problems. Especially Number 5



Looking for serious problems around you and thinking of interesting ways to solve them is one of the most effective methods of finding high-potential business ideas.



Problems are blessings in disguise and every successful entrepreneur knows this secret.

It’s no surprise that ‘problem solving’ is the top recommendation for finding business ideas in our popular article: Top 60 Booming Business Ideas To Start.

The most lucrative opportunities in Africa are not in its crude oil, precious stones or timber. No! Africa’s biggest jackpot lies in finding solutions to many of its serious and pressing problems.

Anyone who can find solve the problems you’re about to read stands the chance of making money in Africa.

Here they are: Eight of Africa’s most serious problems…



#1 – Hunger

Hunger is one of Africa’s biggest and most serious problems.

Images of hungry and starving African children often make the headlines in our daily news and have come to represent the face of our continent.



Despite having more than 60 percent of the world’s uncultivated arable land, a conducive climate for agriculture, and an overwhelmingly young population (more than 60% of the African population is under 25 years old), millions of people on our continent still go hungry.

Presently, Africa does not produce enough food to feed itself and has remained a net importer of food.

With one of the world’s fastest growing populations, many African countries spend billions of dollars every year importing basic food products to meet local demand and consumption.

Our continent’s population (currently at over one billion) is predicted to rise to 2.3 billion in less than 40 years. With all these mouths to feed, agriculture is more than likely to become a booming industry in Africa’s future.

There are several reasons for the serious hunger problem on our continent.

Apart from hunger which is induced by conflicts and natural disasters (like drought and floods), Africa’s failing agriculture industry is arguably the root cause of hunger on the continent.

Agriculture, which used to be a booming and attractive industry, has been abandoned for white-collar jobs in the cities.

At the current migration rate, more Africans will live in cities than in rural areas in the next 30 years. With decreasing interest from ordinary people and low investments from both the business community and governments, the current state of Africa’s agriculture industry makes it unable to produce the amount of food needed to feed a large and fast growing population.

There are several lucrative opportunities for entrepreneurs who start businesses, no matter how small, that help to solve the hunger problem in Africa.

The high demand for food staples is leading to interesting opportunities in vegetable farming, cassava farming, livestock farming (fish, chicken, pigs, ostrich, snails).



There is also a huge potential for businesses like animal feed production that support the agriculture industry.

The opportunity in Africa’s hunger problem is simple:

Food is a basic need and a matter of survival. You can hardly ever go wrong with food in Africa!



#2 – Unemployment

With one of the world’s youngest populations, Africa’s large and growing pool of unemployed labour is one of its biggest problems.

Young people, many of who are physically and mentally capable, cannot find the jobs they need to earn a decent income for their upkeep and basic survival.

Depending on whose figures you’re looking at, the unemployment rate on our continent is huge (up to 50 percent). photo credit: rediff.com

Since jobs must exist before people can be employed, does it mean that there are no jobs in Africa?

Of course not!

In fact, Africa’s economy has been growing steadily for over a decade and six of the ten fastest growing economies in the world are in Africa.

A growing economy is often a clear sign that more jobs are being created. However, the main problem with the job market in Africa is that it is largely disorganized. It is quite difficult for businesses and employers to find potential employees with the right skills, education and experience for the positions they want to fill.



To a considerable part, Africa’s unemployment problem has to do with information sharing rather than total unavailability of jobs.

Several smart Africans are already rising to the challenge of solving our continent’s unemployment problems. In Kenya for example, three ambitious entrepreneurs started M-Kazi (now defunct), a mobile phone-based job recruitment service that allows job seekers to get information about available job vacancies and helps employers to target the right talents.

This SMS-based information service is used by thousands of Kenyans on basic mobile phones with no internet capability which are still very popular in many parts of Africa.

In Nigeria, , which was started by three university undergrads in 2009, has become Nigeria’s Number One job search and recruitment portal.

In a country where more than 40 million able-bodied people are unemployed, Jobberman is helping millions of people to find their dream jobs.

Seeing the huge potentials in this business model, Tiger Global, a New-York based fund with investments in Facebook and LinkedIn became an investor in in 2011… a little less than three years after it started!

The service now has a subsidiary in Ghana and plans to roll out across Africa in the near future.

Apart from providing critical information services that help employers and potential employees to find each other, there is also another angle to the unemployment problem in Africa – unemployability.

Many of the people looking for jobs on our continent do not have the required education, training, skills and experience that make them desirable for employment. Businesses and entrepreneurs who can offer solutions to this problem in the form of skill acquisition programs, education and training are very likely to enjoy huge benefits.

READ FULL ARTICLE HERE: https://www.wealth-ideas.com/how-to-make-money-in-nigeria-by-solving-any-of-these-8-problems/