₦airaland Forum

timsucess:
Incase if you sell rabbit meat
I can supply too

timi4mayo:
Come to my rescue....0.7.0.3.7.1.7.1.6.8.3

eeithis:
how did you do it bro help me

lazkizz:
Beer parlor,
my friends and my girlfriend Drank both the Capital and interest

Can't even pay the shop rent

Monben:
How are you doing it? I'm interested

Aurelius1:
What's your niche?

praiseneo:
Barbing saloon

Infact I wan sell my furnitures and equipment send me email if your interested

Very cheap price

Emperor2020:
is that upwork ?and which service you render to make that bro,still waiting,cos sure, freelance with naija account don cast

ijeshaboy:
Poultry my wife was dashing people eggs, and life chicken, i have to close down.

MrOkenwa:
1) Selling of floor and sugar to bakeries around me. Many of them bought on credit without paying back.
2) I did irrigation farming with my friend. It was a huge success but I resumed back to school before the harvest period. The guy sold everything and refused to give me shishi.

Obakashdee:
He’s supporting you na
Lol why you be like this
Oya teach guys

Overthemoonman:
Bro if I sell now, I don run at loss be that.. Some of my coins dey 0 dollars like this sef. I don't just know what to do..

TheSparrow:
There are several businesses you can start and run profitably in Nigeria. Below are six that readily comes to mind:

1. Rice Milling

One of the best businesses one can venture into in Nigeria today is parboiled rice production (Rice Milling).

Nigerians currently consume over 5 million metric tons, which is equivalent to over 100 million 50Kg bags of rice annually. With the current population growth rate of Nigeria, the consumption of rice is estimated to reach about 35 million metric tons (700 million 50Kg bags) by the year 2050.

There is high demand for rice in Nigeria. With a population of over 180 million people and an estimated national population growth rate of 5.7% per annum ,an average economic growth rate of 3.5% per annum in the past five {5} years, Nigeria has a large and growing market for rice.

As it stands, the current producers of good quality rice in the country cannot even meet up to 50% of the current demand. This is the reason why the market is flooded with poorly produced and low quality rice.

New entrants into the rice milling industry that can produce good quality parboiled rice will have an evergreen market waiting to be sold to.

2. Drinking Water Production

Another good business that does very well in Nigeria is drinking water production (Bottled water and Sachet Water).


The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically produced and well packaged food products like bottled water.

The market for packaged water is high and cut across all parts of the country. With a population of over one hundred and eighty million (180,000,000) people, and an estimated national population growth is 5.7% per annum, Nigeria has a large and sustainable market for packaged water.

3. Poultry Farming

Poultry farming is yet another business that gives good returns on investment.


Poultry farming has risen to become one of the most lucrative businesses in Nigeria today. This aspect of livestock farming, if set-up and managed properly, provides legitimate continuous income for entrepreneurs within a short period of time. There are over 160 million consumers in Nigeria and over one billion in Africa. This provides a large, growing and sustainable market for poultry farmers in Nigeria, and Africa in general.

4. Pounded Yam Flour Production

Pounded yam flour is another product that you can chose the invest in its production.


Pounded yam is a popular delicacy produced from boiled yam tubers, and is consumed by many people across Africa. However, a lot of people, especially the middle class find it difficult to prepare pounded yam the traditional way which involves boiling yam, pounding it in a mortar using a piston, until it becomes a succulent dough.

The growth of the middle class in Africa in general, and Nigeria to be specific, has led to a need for hygienically processed, easy to prepare and well packaged food products like yam flour.

5. Maize (Corn) Flour Production

This is another business that you can quickly setup and make good money with.

Maize can be processed into several products including Maize Flour, Maize Grits. Starch, etc.

With few producers focusing on the production of maize flour in Nigeria, there exists a large gap that needs to be filled by aspiring entrepreneurs in the country. This supply gap will continue to grow as the population of the country grows.


6. Cooking Oil Production

The production of Cooking oil, also called Vegetable oil is yet another viable business you can quickly setup and make good money in Nigeria.

The present production level of Vegetable Oil in Nigeria is yet to meet the demand of Nigerians. There is currently a ban on the importation of vegetable oil into the country. The ban was placed in other to encourage local producers to expand their operations, and new investors to go into the production of Vegetable Oil. This has made the business to be very lucrative.

Wishing you all the best in your quest.

Source: To read more, Visit: https://planbiz.com.ng/five-lucrative-businesses-you-can-start-in-nigeria-today-and-make-big-money/

Note: I can prepare a business plan for you on any of the above businesses. Reach out via Call/WhatsApp: 09022106607

FalseProphet1:
The ability to forsee the end of an a business before starting is the major reason why people fail in business, I see more people failing miserably in business because they lack this gift.

This I have seen.

Empredboy:
sorry to say, that means you have not done any business.
some times it goes beyond planning such as things you can control like capital you need, location, market segments, your intending rivals but there are some things that you can't control like sudden government policies (Eg border closure, twitter ban, forex regulation), your rivals may have unexpected strength over you not until you start the business, the business environment might just suddenly just when you started Eg customer taste can just change overnight (you may think from your market survey that customer want product A but as soon as you start delivering productA taste can just change over night to product B which may be too expensive for your young business to produce.

BlueBanana:
What's your niche bro?

Magnumproperty:
You see frozen foods business naaaaa no go area oooooooo if u you don't have sufficient capital. Nepa wan kill me for like a week light no go dey. And I'm the only one selling in that area. I regretted doing that business with low capital. Infact many problem dey follow that business.

Childofaking:
i started a poultry Farm, it was been managed by someone, his salary was commision based on the number of chickens and monthly, i did not have time to be on the farm myself.
he was the only one being paid, i was always asked to bring in more money. the farm folded when i refused to bring in more money.

showafrica:
Lol.. Use ichimoku.. Buy and sell, don't hodl. If you want to hodl, buy and forget till after 5yrs.

Lekobans21:
A boutique shop back then during my university days, my greatest mistake is venturing into females wear. Let me drop here because the rest Nah epistle ��

pedrilo:
I'm afraid you married a fool

MamaFryo:
Meat delivery biz. It ended in tears. I started building my customer base from family and friends; they ruined the biz with debt.

However, I won't give up because I have the brand name registered already. I will repackage and come up with new strategy. I never say die.

Itzi8:
I was into Beans flour and plantain flour Productions respectively, but the aftermath of the EndSARS protest changed the whole narrative for me, particularly in affording the raw materials for production. Many credit sales,and nothing to show for it today, and now, I've closed down the process, what used to be the talk of the people.
A bag of beans Rose from 35k - 40k - 49k - 55k - 60k - 70k, and the price of a bunch of plantain Rose to 7k per bunch. I had to run for my dear life, cuz it was way beyond what I can manage to operate with, and the worse part is that the customers will never listen to you when there's increment, until then, they will tell you, if you don't want to sell, you should keep it now.

My products stood out amongst major companies within, cuz of it's unadulterated nature and zero preservatives, but it's no more today.

How I wish there's someone, who is willing to partner with me, or willing to tap into the business, with my knowledge, we can do a great job.

Hamzaay:
Delivery business. People over here no won pay for jobs ooo and the delivery thing is risky so I have to opt into my long time business freelancing and I am making noting less than $1k in a week for a bad days and $4k in other good weeks.

praiseneo:
Barbing saloon

Infact I wan sell my furnitures and equipment send me email if your interested

Very cheap price

Kirkman:
Out of curiosity, what vehicle brand were you using for you haulage business?

AgentGoat:
sorry

YomiOlofin:
I'm a catfish expert. But I borrowed money for the startup of the one owned by me. I borrowed fish ponds for a year duration.

After my stocking of the ponds, diseases hit the ponds at the same time. Being a animal health expert too, I stopped the diseases within a week but what could have accounted for profit died within that few days.

After harvesting at 4 months, I got all the borrowed money back, but none was left to restock the ponds again. That means the leased ponds were not used for 8 months. I would have gotten my profit during the 8 months the ponds were lying idle.

To survive, I went into sport betting. My rule is to bet with lesser amount that I won't feel if lost. I prepare large odds and bet with 100 naira. Fortunately, I lose many and win some. Won bets always swallow whatever lost and I refuse to bet with anything beyond 1k even though I win nothing less than 12k in most cases.