This is the next revolutionary industry in Nigeria where millionaires are currently being made. Nigerians both home and overseas are beginning to wake up to the huge potentials in Agribusiness, a sector we have been neglecting over the years due to the discovery of oil. Now that the oil is drying up, people are beginning to look into other sectors of the economy to create wealth. Below are some of the farming in Nigeria where people are making serious making profits now:-
This business is making an average Nigerians rich. It is so lucrative that even outsiders are coming in to invest in poultry farming in Nigeria. And why not, In a country of more than 150 million people, what would you expect? If you start with 1,000 birds and manage your poultry farm properly, when the turnover on investment begins to come, you will be making millions annually.
People are beginning to turn their attention to this aspect of farming in Nigeria that have been neglected for years. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 – 100 Acre in a fertile area like Ondo State, your harvest will be great.
Snail farming is one of the choice Animal farming for many reasons. It is a low capital investment with high yield and the market is big. There are few people currently doing this – and most of them are doing it in a very low scale. If someone should invest heavily in Snail farming, he is sure to make good money in Millions within a year.
Rice remains the most consumed food staple in Nigeria and Billions of dollars goes into importation of this product yearly from China and Thailand because the local farmer are unable to meet up the demand due to poor funding and limited knowledge.
2. Sale of Furniture
Buying and selling of Locally make furniture is a goldmine. You don’t need to be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. It is a very big business in Nigeria as only few can afford the imported designers.
3. Making of Fruit Juice
It’s an interesting fact to know Nigerians drink fruit juice more than any other people. That’s why companies like 5 alive & Chivita who came into the country as nobody are today making billions of naira annually. This business is capital intensive but if you can afford it as well, it’s well worth it.
4. Pure Water (Satchet water) Production
You know how popular this is in Nigeria and how many that are dispensed daily. Though this business is capital intensive but well worth investing into, especially if you can manage it properly with professionalism and an upgrade with proper packaging by making bottled water too.
5. Oil and Gas Business
We are blessed and cursed with huge deposit of oil in our land which presents some of the finest business opportunity for Nigerians and Foreigners. Owning a Petrol Filling Station, Supplying of Diesel, and Distribution of Kerosene are some the areas you can invest easily and make good money for yourself. Petroleum product marketing have been making millions for people and creating millionaires in Nigeria for years.
6. Haulage Services
The cost of moving a truck from one place to the other in Nigeria is between N20,000 to N200,000 per trip. Due to poor rail transport system, most of the Nigerian goods are transported through the road, making haulage business in Nigeria a viable one. Petroleum products and movement of goods from manufacturers and importers are the aspect of haulage in Nigeria that is very lucrative now.
7. Hotel Business
This is probably the coolest money making opportunity in Nigeria. Invest in small scale hotel of just 10 suites and watch as the money flows in. This has nothing to do with tourism boom of any kind; there is just something in Nigerians system that make this business very lucrative – Nigerians are a very jolly people!
Eatery business is another goldmine though poor management can bring about its death! If you wish to go into this business, be sure to get everything right and don’t forget it’s a bit capital intensive and requires good management skills. But if you get everything right, cool money is yours.
9. Investing in Property
Property appreciate everyday in Nigeria. Right now, Nigeria is one the countries in the world where landed property is most expensive. If you buy land now anywhere in Lagos, you are sure to make 100% profit within two years. You can buy and quickly resell and make profit. Or you buy keep and sell later.
10. Dry Cleaning
Professional dry cleaners at affordable prices are very scarce in Nigeria. What we have are professional Dry Cleaners whose service fees are extremely high or mediocre dry cleaners who can never keep with time. Give them cloths today and meet it unwashed after two weeks. This business is a money maker if you play your cards well.