Thinking about doing business in Nigeria but do not know where to begin or what business to invest?

Thinking about doing business in Nigeria but do not know where to begin or what business to invest? Listed below are leading profitable businesses in Nigeria that you can invest and can make you a fortune.

1. Poultry Raising

This business with hard work can make an average Nigerian to become rich. It is profitable that even foreigners are coming in to make investments in poultry farming business in Nigeria. In fact, you can start with 1,000 chickens and manage the poultry farm thoroughly. Once the revenues start to come, you can make up to N30 million yearly.

2. Cassava Production

Individuals are starting to transform their focus on cassava farming in Nigeria, which were neglected for a long time. Foods extracted in Cassava are mostly consumed in Nigeria. In case you can cultivate more than 50 Acres in a fertile land, you can make a great harvest.

3. Import Used Fabric

In Tokunbo market, many people buy used products that are in good quality rather than buying fake ones. The price of purchasing as well as importing of used clothing is cheaper compared to some other prices in the market. It can also guarantee good investment revenues.

4. Selling of Furniture

Selling and buying of local furniture is in high demand. You don’t have to be an expert to do this, simply request a regular supply from trusted carpenters to display the products in your shop. This business is big in Nigeria and only few people can afford to buy the imported goods.

5. Snail Breeding

Snail breeding is the number one choice when it comes to business in Nigeria for a lot of reasons. It has a lower capital investment, but earns more and has a large market base. There are several individuals currently engaging in this business. Most of them doing it at a low scale. When someone invests seriously in Snail farming, he can make millions in a year.

6. Rice Farming

Rice continues to be the most consumed food item in Nigeria. Yearly, billions of dollars enters into the importation market of this product from Thailand and China since the local farmer cannot meet the demand because of inadequate funding as well as limited knowledge.

7. Fruit Juice Manufacturing

Nigerians love to drink fruit juices. That is why many companies came into the country to make money out of it.

8. Water Purification Business

This is very popular in Nigeria because most people in this country are health conscious. Although the business capital is intensive, but it is worth investing, particularly if you can properly manage it professionally.

9. Oil and Gas Business

Nigeria is blessed with a huge oil deposit which offers finest business opportunity for foreigners and Nigerians through the years. Running a Petroleum Filling Station, Diesel Supplying, and Kerosene distribution are the areas you can easily invest and generate money.

10. Haulage Services

The price of taking a vehicle in one place to another in Nigeria costs N20,000 up to N200,000 for each trip. Because of the inadequate rail transport system, most goods in Nigeria are transferred by road, and this makes haulage business possible.

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