Top 10 Small Business In Nigeria – Nigeria is one of the fastest growing economies in Africa. However, the country is plagued by numerous problems, one of which is rising unemployment. This has spurred countless people into self-employment in the form of large-scale business ventures. As in many other countries, some companies perform better than others due to various factors. What are the best business ideas in Nigeria today?
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Whether you are looking for a full-time self-employed business or a small business in Nigeria to work part-time, there are plenty of businesses you can’t go wrong with.
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One of the fastest growing business opportunities in Nigeria is livestock farming. However, this industry has not yet reached its full potential.
For this job, you will need a little patience and knowledge and use the services of a livestock specialist. Some of the niche areas you can venture into include catfish farming, poultry farming, cattle grazing, goat and snail farming.
It may not be a completely new idea, but blogging in Nigeria is not as commercialized as it is in more developed countries. With the right implementation, blogging can easily become one of the most profitable online businesses thanks to its numerous monetization options.
Becoming a blogger can be a good source of income from the comfort of your home. All you have to do is find a niche and target the right audience.
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Nigeria has an extremely dynamic agricultural sector. You can start your own export business if you register with the Nigerian Export Promotion Board and decide which product you want to export. Some of the products in high demand overseas are cassava flakes, cocoa, yam flour, peanuts, chili peppers, cashews, mangoes, and many more.
Health is something most people don’t take for granted these days. As a result, you can make money by turning health and fitness into a business. There are not many well-equipped gyms, especially in small towns.
If you can raise capital, set up a state of the art gym, and your business will be a success story in no time. However, you will either have or hire someone who has the appropriate skills to train people.
Looking for a profitable job in Nigeria? Then you should consider going into the mining industry. Nigeria is endowed with numerous minerals. Some of the common ones include coal, iron ore, limestone, bitumen, and others. Nigeria’s mining sector is growing steadily, paving the way for new investment.
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If you have access to significant capital investment, a skilled and knowledgeable team, and a ready market, you can venture into this lucrative industry.
The oil and gas sector is important in Nigeria. Most of the country’s magnates are somehow involved in these sectors. While it can be quite lucrative, getting into the oil industry is also quite expensive. If you have enough capital to open a private oil refinery, you will benefit greatly from numerous government subsidies and other monetary incentives.
You probably spend a lot of time on Twitter, Instagram, Facebook and other social networks. However, you may not know that you can earn by connecting with your friends and fans online. Monetize your social media accounts by making them a platform for others to advertise your products. For example, if you have a lot of followers on Facebook or YouTube, you can learn how to advertise and get paid per view.
If your hobby is sewing or textiles, and you don’t mind making a living from it, then you should probably try your hand at sewing uniforms. There are many schools in every state and they all need uniforms for their students. This high demand makes uniform tailoring one of the best small business ideas in Nigeria.
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In addition, there are a large number of corporate organizations whose employees also wear uniforms – for example, security officers. After setting up a business, you can promote your enterprise and earn good money from this business.
Great writing is in high demand in various sectors today. To get started, you can search for freelancing opportunities online or write to a company that takes on orders from clients. The benefits of this job are countless, chief among which is the freedom to work from anywhere.
Later, as your business grows, you can hire other writers and start your own small freelance company. If you know the words and can come up with interesting content, this is one of the best jobs you can try.
Starting an accounting or bookkeeping business is one of the best business ideas in Nigeria for those who have the skills of course. But first, you need to become a certified public accountant and get the information you need to communicate effectively with clients.
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The call center business has become quite popular nowadays. There are many people who need help, guidance, advice, or want to complain about services or products. Thus, you can create a call center / agency and work for large companies on a contract basis.
Nigeria is suffering from mass unemployment, millions of people are desperately looking for work. You By opening an employment agency that will connect job seekers with available opportunities. All you need to do is partner with various companies and individuals who want to hire people.
Your recruitment agency can grow and expand over time depending on how well you understand the job market.
The Nigerian beauty industry has undergone a massive transformation in the recent past, resulting in an increase in demand for beauty products and services. And this is a good business opportunity that you can take advantage of. If you open a beauty salon or barber/salon/spa and offer great services, you can get a lot of clients.
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Clothing is one of the basic human needs. This explains the growing demand for clothing in Nigeria and elsewhere in the world. Today there is still a market for clothes, especially fashionable and cheap ones.
You can import clothes from different countries including China, India, France, Italy, UK, USA, etc.
With busy schedules that are synonymous with modern life, people need childcare during the day. Many people are wary of home helpers, knowing how they can sometimes abuse children in the absence of parents. An alternative is to take the children to kindergarten when they are away. You can start a business in a small rented room or even in your own guest room.
Do you have experience in a particular area and feel like you could help other people develop their skills? Then you should think about the work of a personal trainer. For example, millions of Nigerians take various academic tests and exams every year and they need someone to help them prepare.
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Another example is the large number of people who want to learn how to use various computer programs. If you are proficient in the programs listed, you can use this knowledge to start your course.
You may not realize how difficult event planning is until you find yourself in a situation where you need to plan a party. This explains why most people start organizing events as part-time jobs but end up doing it full-time.
In many cases, event planning is required. These include birthdays, proms, religious events, and even funerals, among many others.
Waste management is another venture that can be quite profitable and has significant potential in line with a modern pollution reduction plan. The business potential lies in Nigerians’ ignorance of proper waste disposal and management.
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Several businesses can be opened in this niche, the most important of which are waste management, waste recycling, organic fertilizer production, and garbage disposal.
The food industry in Nigeria is quite extensive. You can try a number of niches including frozen food production, cooking oil production, oil palm processing, yogurt production, tomato puree production, gari processing, rice grinding and fruit juice production.
If you have a car and are looking for a profitable business in Nigeria, you should definitely consider car sharing. Car owners can earn extra money without impacting their daily lives through innovative business ideas such as ridesharing. For example, you can advertise your car as a taxi and pick up passengers while you run errands. There are modern sharing apps that make this idea very easy to implement.
Nigeria is facing huge challenges in its electricity supply due to factors such as its rapidly growing population. As the world shifts to more sustainable and cleaner energy sources, the Nigerian government is creating incentives to encourage the use of alternative energy sources.
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This has led to a growing demand for alternative energy generators, including solar and wind power. It can be earned by importing, selling and installing alternative electrical equipment.
Photography and cinematography are some of the most exciting business opportunities in Nigeria. These professions are suitable for people who like to document special moments. Even though there is strong competition in this sector, specializing in some niche can attract you.
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