List Of Small Scale Business In Nigeria – In this article, we will discuss the most profitable businesses that anyone in Nigeria can start with small or large capital. These profitable business ideas are very profitable. They are capable of making anyone successful if managed well. Most of them are not well studied in Nigeria.
The unemployment rate in Nigeria is high and many people are losing their jobs. Living without a means of income is suicide. But if you are smart, you can start your own business. After a while, if you know what you are doing, you will earn yourself. He even employs others.
List Of Small Scale Business In Nigeria
You don’t need to be very rich to start a business. The business ideas we have listed on this page can be implemented with small or large capital. It all depends on your ability.
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There are many advantages to starting a business in Nigeria. First, you put your destiny in your own hands. Tomorrow any boss will say “you’re fired!” can’t say. There is job security.
Another reason is the opportunity to develop yourself and build your brand. By running your own business, you are building a brand. As you grow, your brand grows. Look at Dangote. Even after he’s gone, his brand will live on.
Owning your own business will give you a greater chance of becoming rich. There is too much competition in the workplace. You’ll run into people who have worked for years without a promotion, but no one in your business can deny that.
You have the opportunity to impact the economy by creating jobs and improving the livelihoods of other Nigerians. The joy of putting people to work and providing them with a means of survival should be a major motivation for any good-hearted person to start a business.
Profitable Business In Nigeria With Little Capital You Can Get Into
There are many profitable businesses in Nigeria for Nigerians. But for some reason, Nigerians leave the country in pursuit of greener pastures without trying to implement their ideas at home. As a result, foreigners see opportunities that we don’t, and they’re taking over!
The simple truth is that Nigeria and the rest of the world are still dependent on oil and gas. As long as this trend continues, this business will dominate. Oil and gas is definitely one of the most profitable businesses in Nigeria.
Look at this, we use gas or kerosene for cooking. Whether we use cars, okada or Keke-napep, we depend on petrol. Also, we are dependent on electric fuel because of the poor supply of electricity. All companies big and small in Nigeria run on petrol or diesel.
Too dependent on oil and natural gas. And Nigeria has blessed it abundantly. Anyone who enters this business will earn huge income.
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This is one of the most profitable parts of the oil and gas business. But you need a high budget to get into it. Oil and gas distributors bring refined petroleum products into the country for distribution to different industries.
With a few million Naira, you can run a gas station. There are so many cars in Nigeria that you will never run out of customers. Many people also power their generators from gas stations.
This is an advertised business in Nigeria. Many people focus so much on gasoline that they ignore cooking gas. I recently had a conversation with a friend who runs an oil company. They are included in all petroleum products. He told me he made more money doing gas than any other business.
You can supply cooking gas to retailers or become a retailer and fill gas to end users. Season to taste. This business is very profitable and does not cost much to start. You can start small and grow!
Petroleum Industry In Nigeria
A large number of Nigerians are still dependent on kerosene for various reasons. Even those with gas for cooking use kerosene stoves as a backup. This business is very profitable. More profitable because not many people are involved.
You can buy a tanker and start a business of lifting petroleum products. It could be a ship. Petroleum products need to be lifted like any other commodity. There are also fleet management options.
These are some of the oil and gas business opportunities. There’s more if you do your research. But one thing is certain, oil and gas remains one of the most profitable businesses in Nigeria.
Apart from being one of the most profitable businesses in Nigeria, agribusiness is also an evergreen business. It never gets old and never fades. As long as humans exist, the agricultural business will continue to thrive. This makes it a very important and strategic business.
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One thing that makes this business attractive is that there are many loan or financing options for agribusiness entrepreneurs in Nigeria. We have a Special Agricultural Bank run by the Union Government through the Ministry of Finance, the Central Bank and the Ministry of Agriculture. You can read: How to get a loan from the Agricultural Bank. Many business lenders prefer the agricultural sector.
As the government continues to seek to diversify away from oil, its focus is on agriculture. This will give more incentives to the industry. Huge profits and growth await anyone who ventures into the agricultural business.
It is the raising of snakes for commercial purposes. This business is very profitable because of its low risk and low competition! You can read more here: How to Start a Snake Farming Business
Beef is very popular in Nigeria. In Nigeria, cow’s milk is almost as valuable as oil. These factors make cattle farming one of the most profitable businesses in Nigeria. Read more here: How to Start a Cattle Farming Business in Nigeria.
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Palm oil is gold. From creams to soups, most things are made from palm oil. There are many companies around the world that import palm oil from Nigeria. This business is very profitable. Read more here: How to start a palm oil business in Nigeria
Most Nigerians depend on garri, fufu and other products made from cassava. This business is very profitable as the product is in high demand. Read more here: How to start a cassava farming business in Nigeria
Chicken, turkey and others are very popular among Nigerians, especially during the festive season. Poultry farming is a very profitable business that anyone can start with little capital. Read more here: How to Start a Poultry Farming Business in Nigeria
Snail farming is a new business in Nigeria. There are many opportunities and opportunities in this business. You can read more here: How to start a snail farm.
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Apart from the above, there are many other agricultural business ideas. Do your research and choose one that suits you, your location, and your budget.
There is no way that food business is not among the most profitable businesses in Nigeria. It is an evergreen business. People will always eat! No matter how hard the economy is, the one thing people can’t afford is food.
This is a business where you can get rich if you do it well. It is also very easy to attract loyal customers. As long as your food is delicious, people will come back.
If you can find a great location and get the right skills and staff, you can run a successful food business. This is a seasonal business. It is in demand every day.
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Nigerians Mr. Like big brands like Bigg’s and co. Some of these brands are so popular that people are loyal to a particular brand. You can find a good location in any city with minimal to no competition and start a fast food franchise. Mr. Bigg’s is affiliated with United African Company (UAC) of Nigeria, so you can contact them for franchise opportunities.
Once approved, you can open your own Mr. Bigg’s fast food restaurant and earn money. If you find a good location with little or no competition, you can make a lot of money. Mr. Besides Bigg’s, you can open any franchise you want.
You can open a local restaurant that appeals to people who eat certain foods. For example, you can open a “Calabar Restaurant” and serve the world famous Edika-ikong and Affang soup. This will set you apart as people interested in these foods will seek you out.
Foreign and intercontinental cuisine is becoming very popular in Nigeria. Restaurants that serve this type of food attract high-net-worth individuals, expats, and celebrities.
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You can open a Chinese restaurant, an Italian restaurant, an Indian restaurant, etc. You can learn how to cook common dishes at these restaurants or work with someone who knows it all.
This is a very profitable business that can be done to earn money. I know a woman who runs this business. He provides
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