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Is Abuja Still Lucrative For Business? - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessIs Abuja Still Lucrative For Business? (28936 Views)

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Is Abuja Still Lucrative For Business? by Nobody: 7:46pm On Jul 29, 2020
I run a business in a small city. Right now, I'm planning to relocate to Abuja (accommodation guaranteed) and possibly relocate my business to Abuja.

My concern is, with the attendant cost of living and running a business in Abuja, will I still be assured of high revenue and profit for my business?

Re: Is Abuja Still Lucrative For Business? by Alexious(m): 7:48pm On Jul 29, 2020
iamadonis2:
I run a business in a small city. Right now, I'm planning to relocate to Abuja (accommodation guaranteed) and possibly relocate my business to Abuja.

My concern is, with the attendant cost of living and running a business in Abuja, will I still be assured of high revenue and profit for my business?

cc: lalasticlala, Mynd44
Where are you coming from and what business are you into?
Re: Is Abuja Still Lucrative For Business? by Chris525: 7:54pm On Jul 29, 2020
Like the guy above stated, its mostly about what you're into. Bear in mind that Abuja population is about 3M and a huge chunk of that number are over 40.
Re: Is Abuja Still Lucrative For Business? by VeeVeeMyLuv(f): 8:04pm On Jul 29, 2020
Definitely, but just make sure you are experienced, I mean very experienced, know your onions

Guy Abuja folks are very enlightened and versatile.
Re: Is Abuja Still Lucrative For Business? by Comedian2019: 8:34pm On Jul 29, 2020
iamadonis2:
I run a business in a small city. Right now, I'm planning to relocate to Abuja (accommodation guaranteed) and possibly relocate my business to Abuja.

My concern is, with the attendant cost of living and running a business in Abuja, will I still be assured of high revenue and profit for my business?

cc: lalasticlala, Mynd44
If you're doing well where you are, abeg remain there. Don't go and waste your investment in Abuja.
Most places in Abuja are possibly not as lucrative as where you are at present.
Re: Is Abuja Still Lucrative For Business? by ministeriallist: 8:38pm On Jul 29, 2020
What business are you planning to set up in Abj and what location are you considering?
I might be able to advise you if it's an area I'm familiar with.
Re: Is Abuja Still Lucrative For Business? by VeeVeeMyLuv(f): 8:40pm On Jul 29, 2020
youthsinitiativ:
Package yourself and your product well you go do well.

Abuja folks an mostly fake arses wey wan claim wet in dem no be.

Just package your business or product well you go appeal to a section wey wan belong to the nouveau rich at all cost.

Do not sell yourself or product cheap if you want appeal to this class.

Packaging is the word.
guy u sabi Abuja wella, u know what's up.

Packaging cannot be overemphasized, u got to look it, dress it, talk the talk. That why you find peeps spending on certain luxury.

U cannot desire to want to achieve in Abj and not be mobile, it won't work.
Re: Is Abuja Still Lucrative For Business? by Nobody: 9:05pm On Jul 29, 2020
Comedian2019:
If you're doing well where you are, abeg remain there. Don't go and waste your investment in Abuja.
Most places in Abuja are possibly not as lucrative as where you are at present.
I can safely say I'm a force to reckon with in my current business location.
Re: Is Abuja Still Lucrative For Business? by Nobody: 9:05pm On Jul 29, 2020
Alexious:
Where are you coming from and what business are you into?
Calabar. And I'm into female luxury items.
Re: Is Abuja Still Lucrative For Business? by Nobody: 9:07pm On Jul 29, 2020
Chris525:
Like the guy above stated, its mostly about what you're into. Bear in mind that Abuja population is about 3M and a huge chunk of that number are over 40.
What's the female demographic under 30 years?
Re: Is Abuja Still Lucrative For Business? by Nobody: 9:09pm On Jul 29, 2020
youthsinitiativ:
Package yourself and your product well you go do well.

Abuja folks an mostly fake arses wey wan claim wet in dem no be.

Just package your business or product well you go appeal to a section wey wan belong to the nouveau rich at all cost.

Do not sell yourself or product cheap if you want appeal to this class.

Packaging is the word.
Thank you Boss. The italicized sentence strikes a chord.
Re: Is Abuja Still Lucrative For Business? by Chris525: 9:20pm On Jul 29, 2020
For females within that age range its fairly high & with high market activity as well but location is crucial.




iamadonis2:
What's the female demographic under 30 years?
Re: Is Abuja Still Lucrative For Business? by Evilgenuis:
Abuja is over rated.
If you want to do well in abj you need the following:
1. Luck
2. Capital
3. Package
4. Area in abuja(wuse and bwari are not the same, but all is Abj.

Number 1 will sound funny but my brother you need it...in your choice of location, type of business, Because whatever you want to sell, know that somebody is already selling it.
Re: Is Abuja Still Lucrative For Business? by eleko1: 9:33pm On Jul 29, 2020
cool
Re: Is Abuja Still Lucrative For Business? by chukwuibuipob: 9:34pm On Jul 29, 2020
sad Woteva u do,don't engage in mini supermarket biz oo
Re: Is Abuja Still Lucrative For Business? by AlabiJ:
Well, if you are in the business of civil service, runz, 'zaddy' business and stuffz, yes it is good for such businesses.

But if you be hustler, he go tough.
Re: Is Abuja Still Lucrative For Business? by 9jayes: 9:34pm On Jul 29, 2020



Sometimes if you look very well you will discover that what you're looking for in Lagos/Abuja it's in your backyard.



Re: Is Abuja Still Lucrative For Business? by Nobody: 9:34pm On Jul 29, 2020
Hmm... I don't know about lucrative,but I honestly can't stay in the same city with buhari.
Re: Is Abuja Still Lucrative For Business? by joshepade(m): 9:34pm On Jul 29, 2020
.
Re: Is Abuja Still Lucrative For Business? by manuel4real(m): 9:34pm On Jul 29, 2020
grin
Re: Is Abuja Still Lucrative For Business? by ghiloman28(m): 9:35pm On Jul 29, 2020
Ok
Re: Is Abuja Still Lucrative For Business? by joviegghead: 9:35pm On Jul 29, 2020
Hmm.
Even tho I don't know what the op is onto, the answer to is question is Yes!

Abuja will always be lucrative for business, but it depends on what you're into.
Whatever it may be, don't expect it to be rosy immediately like where you were. You'll definitely need to acclimatize to the high cost of living.

But with proper planning and strategy, coupled with good networking and smart work, you should be okay.
Re: Is Abuja Still Lucrative For Business? by Cumtroller: 9:36pm On Jul 29, 2020
Oga please relocate your "Spare Parts" business to Ogun State.

Skull Mining is extremely prevalent in that axis. You will be overwhelmed with demand. Market will not move in Abuja.

Thank me later...

Re: Is Abuja Still Lucrative For Business? by DenreleDave(m): 9:36pm On Jul 29, 2020
Olosho business loading
Re: Is Abuja Still Lucrative For Business? by IAmSkinny: 9:37pm On Jul 29, 2020
I wonder if ABJ has even a lucrative business environment. Let me learn from the comments.
.
Hey guys! Get a load of my amazing collection of digital photos https://www.nairaland.com/5660603/professional-photographer-heres-mini-portfolio
Re: Is Abuja Still Lucrative For Business? by loadedvibes:
E no get anywhere when no dey lucrative for business.. if you get plan , God , wisdom, and your village people free you. You go must succeed anywhere .
Re: Is Abuja Still Lucrative For Business? by Ernerstdavid55(m): 9:37pm On Jul 29, 2020
grin

Re: Is Abuja Still Lucrative For Business? by Lorayne(m): 9:38pm On Jul 29, 2020
op... is that a picture of Abuja?
Re: Is Abuja Still Lucrative For Business? by Enemyofpeace: 9:38pm On Jul 29, 2020
Has it ever bean lucrative before?
Re: Is Abuja Still Lucrative For Business? by jericco1(m): 9:38pm On Jul 29, 2020
Yes
Re: Is Abuja Still Lucrative For Business? by brosom(m): 9:38pm On Jul 29, 2020
waiting to hear from our nairaland experts.
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