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In this post, I'm going to be listing some lucrative business idea in Nigeria. Majority of the businesses that will be reviewed are small scale that can also be started with little capital and with enough effort these businesses can turn out to be very lucrative with time.
Before we begin, I also like to point out that most millionaires today didn't just become entrepreneurs over night, they had to possess certain skills to transform their little scale enterprise in large-scale companies.
As an entrepreneur you have to be a smart risk taker, if you plan to start with a loan, make sure all risks have been thoroughly calculated to avoid financial issues. This is why to succeed as an entrepreneur or shareholder you'll need to have persistence and also a strong determination to achieve your goal, and be sure you're fully passionate about the business which you plan to manage.
Below is a list of thriving businesses in Nigeria.
Agricultural and Agro Allied Sector
Poultry farming business
Livestock feed production
Dog breeding business
Equipment leasing services
Soya beans processing
Maize Cultivation and procession
Rice Processing (Milling)
Cashew production and processing
Ethanol production (from cassava)
Employment Service Sector
You can start a resume writing business
Career advice and counseling
Job placement and recruitment agency
Start a tutorial centre for exams like JAMB, WAEC, GCE, ICAN, CIS,etc
Day care center
Start a self-defense training school
ICT and Technology Sector
Computer repair services
Mobile phone repairs
Mobile apps development
Web Based Business Service
Web design and development
Search engine optimization services
Search engine marketing services
Waste recycling business
Alternative power generating devices installation services
You can start a security guard training school
Start a security company
Import security gadgets
Import non-lethal self defense weapons
Transport and Haulage Business
Car Wash Business
Importation of Secondhand (Okrika) Shoes and Bags
Sachet Water Production and Distribution
Sales of Steel Rods, Cement And Other Building Materials
So far in 2016 and these businesses have proved to be very lucrative. Some of them also require small capital to start up and can also be managed from home.
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