{"id":6862,"date":"2015-06-17T16:36:56","date_gmt":"2015-06-17T15:36:56","guid":{"rendered":"https:\/\/buzznigeria.com\/?p=6862"},"modified":"2021-11-23T16:22:22","modified_gmt":"2021-11-23T15:22:22","slug":"20-successful-businesses-you-can-do-for-quick-profit-in-nigeria","status":"publish","type":"post","link":"https:\/\/buzznigeria.com\/20-successful-businesses-you-can-do-for-quick-profit-in-nigeria\/","title":{"rendered":"20 Successful Businesses You Can Do For Quick Profit In Nigeria"},"content":{"rendered":"

With the increasing rate of unemployment in Nigeria, one will agree that starting up a business is the wisest journey\u00a0to embark on. There are a thousand and one businesses that can be done, but not all of them\u00a0stand a\u00a0good chance of turning out well.<\/p>\n

If you have been nursing the idea of investing in the country’s economy\u00a0by creating jobs for yourself and other Nigerians, this list will help you make a good choice of what particular kind of business to get into that will guarantee a good profit depending on the amount of start-up you can raise.<\/p>\n

To help you get a better perspective, here are top 20 businesses you can start-up in Nigeria and you’ll be sure of making millions in no time.\u00a0The\u00a0list is not a\u00a0randomly selected bunch of\u00a0businesses, they are\u00a0carefully selected high performing and time-tested business ideas you can rely on.<\/p>\n

Some of them require a little capital to set-up, while others are not cost-effective, all the same, they are profitable.<\/p>\n

1. Sachet\u00a0Water Production<\/strong><\/h2>\n

\"Sachet-water\"<\/p>\n

An increasing\u00a0number\u00a0of Nigerians depend on sachet water for drinking. Although there are several companies that produce sachet water in Nigeria, the demand for the product keeps getting relatively\u00a0higher\u00a0than the supply, therefore there is room for more sachet water producers.<\/p>\n

This\u00a0business is capital and labor intensive but it is worth venturing\u00a0into, because\u00a0it has\u00a0a high-profit margin of over 50%, especially if it is\u00a0well-managed, and the product is widely distributed. Since no one can do without drinking water, you can be sure your business will do pretty well if it is well taken care of.<\/p>\n

2. Laundry\/Dry Cleaning<\/strong><\/h2>\n

\"Laundry\"<\/p>\n

Everyone enjoys wearing clean clothes, but not everyone enjoys the process of making those clothes clean, and this is where you come in. Laundry business is a small-scale business that can be established at the back of your house and requires small capital to establish. With more Nigerians getting busier and some lazier by the day, this business can fetch a lot of money in a short while.<\/p>\n

You can also set it up in a big way to gain rich customers who dry-clean expensive clothes and pay more. That requires a handsome amount for purchasing the equipment needed, nonetheless, the basic materials needed for this business\u00a0are water, detergents, buckets, pressing irons, hangers and a couple of drying ropes and pegs.<\/p>\n

See Also: Which Is The Largest Market In Nigeria?<\/a><\/strong><\/p>\n

3. Poultry Farming<\/strong><\/h2>\n

\"poultry\"<\/p>\n

Raising\u00a0domesticated birds such as chickens, ducks, turkeys and geese, for the purpose of\u00a0meat or eggs for food, is one successful business venture.\u00a0This business has been making average Nigerians rich in the last decades, and foreigners have seen its\u00a0lucrative\u00a0nature and are coming in to invest in it too.<\/p>\n

If you start with 1,000 chicks\u00a0and manage your birds\u00a0properly, by the end of the first year you must have sold over 2,000 birds and a thousand eggs, and still have more to sell for the festive period.<\/p>\n

4. Making of Fruit Juice\u00a0<\/strong><\/h2>\n

\"Fruit<\/a><\/p>\n

Because everybody wants to be nourished and look fresh, Nigerians drink fruit juice more than any other people in the world. This is one reason why companies like La Casera\u00a0and Chi are making billions of naira every day.<\/p>\n

The country is blessed with various fruits; mangoes, oranges, pineapples, and banana, especially in states like Benue. But a lot of these fruits go to waste due to lack of preservative methods. Although this business is capital-intensive, one can set it up in a fruit producing state to cut down production costs.<\/p>\n

5. Creche, Nursery and Primary School<\/strong><\/h2>\n

\"Creche\"<\/a><\/p>\n

Education is a necessary door that every Nigerian must pass through. No matter how many schools exist in a town, there will always be room\u00a0for another one – a cheaper one with high standards of learning coupled with a conducive environment. School business has no rival among its mates.<\/p>\n

One area to start from is the\u00a0creche; it is easier to handle and can\u00a0grow\u00a0to add the nursery and eventually the primary sections to the scheme. You don’t need to own a big building for it. You can start from as little as a room in your house and expand with time.<\/p>\n

See Also: Here Are The 15 Youngest Nigerian Entrepreneurs That Can’t Be Ignored<\/a><\/strong><\/b><\/p>\n

6. Rice Farming<\/strong><\/h2>\n

\"Rice_Farming_Nigeria\"<\/a><\/p>\n

Rice remains the single most consumed food staple in Nigeria and Billions of dollars go into the importation of this product yearly. Most of the rice eaten in Nigeria comes from China and Thailand because the local farmers\u00a0here\u00a0are unable to meet up with the demand due to poor funding and limited knowledge.<\/p>\n

With a few millions, you can start-up a commercial rice farm in places like Ebonyi state where the land is favorable to the crop. Nigerians unanimously agree that local rice is sweeter than foreign rice, so if you can start from the local and make sure you de-stone it well, you can be sure to grow and make a good profit.<\/p>\n

7. Plantain Chips Making<\/strong><\/h2>\n

\"plantain-chips\"<\/a><\/p>\n

On major streets in most Nigerian cities, one snack you are sure to find in shops and traffic is\u00a0Plantain chips of different brands. The product is easy to produce and fast-moving as consumers\u00a0buy it every now and then to keep their mouths busy and stomachs filled.<\/p>\n

If you engage in the business of producing and supplying plantain chips, you will be making good money on a daily basis.\u00a0All you need is: ripe and unripe plantains, a big frying pan, a small sealing machine, nylons and labels,\u00a0and other utensils, and you are ready.<\/p>\n

8. Import Used Cloth<\/strong><\/h2>\n

\"used_clothing\"<\/a><\/p>\n

Since a lot of Nigerians can barely afford to feed well, a good number of them patronize Tokunbo clothes, also known as O.K or Okrika clothes. The market in Nigeria is quite\u00a0big as not everyone can afford new and expensive designer clothes from boutiques.<\/p>\n

Most people who can afford expensive clothes still prefer buying first grade O.K clothes because they are most times original and one-made samples.\u00a0The cost of buying and importing used cloths is low compared to the prices in the market here in Nigeria and it has a guaranteed good turnover. You can start selling by introducing your goods to friends and neighbors.<\/p>\n

9. Office Supply<\/strong><\/h2>\n

\"office<\/a><\/p>\n

Many businesses in the office supply industry have recently expanded into related markets. Most people who work in offices often\u00a0times feel reluctant or get too busy\u00a0to go out to buy certain things like paper, pen, stapler, and other materials needed in an office. You can help them do the shopping and add your mark-up. Gradually, you’ll\u00a0be a\u00a0major supplier and even extend to other offices around.<\/p>\n

This business does not require a lot of money for\u00a0start-up, and allows even students to\u00a0engage in selling stationery to fellow students. In another dimension, you can buy goods such as clothes and shoes and other personal items and sell them in offices especially places like banks where workers do not have time to get to the market.<\/p>\n

10. Fast Food\/Eatery<\/b><\/h2>\n

\"FAST-FOOD-1440\"<\/a><\/p>\n

You can never go\u00a0wrong\u00a0in the Fast Food business. Lots of Nigerians, especially bachelors, depend solely on foods made in either restaurants or eateries. This is due to their inability to prepare these meals themselves, or just the laziness in making them. You can start small in\u00a0stands or kiosks, or a real building, depending on the amount you have as capital.
\n<\/b><\/p>\n

11. Professional Car Wash<\/strong><\/h2>\n

\"car<\/a><\/p>\n

Car wash business, which is offering outdoor services to clean the\u00a0interior\u00a0and exterior of automobiles, is similar to the laundry business. You can set up your car wash\u00a0to\u00a0be self-serving, fully automated, or full-service with attendants who wash the vehicles.\u00a0This business is good if you can set it up in a strategic location in a populated state where there are a good number of cars and low\u00a0competition with other car washers.<\/p>\n

12. Snail Rearing<\/strong><\/h2>\n

\"Snails<\/a><\/p>\n

Also known as heliculture, the process of raising land snails specifically for human use is a tedious one but at the same time is a successful business venture.\u00a0Snail farming is one of the choice animal farming for many reasons. It is a low capital investment with high yield and a large\u00a0market. There are few people currently doing this, most of which are in small\u00a0scale. You too can invest\u00a0in snail farming\u00a0and\u00a0make good money within a year.<\/p>\n

13. Selling Used Books<\/strong><\/h2>\n

\"Used<\/a><\/p>\n

Used books are some of the fastest selling items in the Nigerian market today due to the huge increase in the educated population. Nigerians are well-read people and that can be\u00a0seen from the level of interest they show in\u00a0purchasing books. A full container load of used books can be sold within weeks, especially in schools and office areas, and the profit margin is highly attractive.\u00a0One great thing about used books importation is that they are sourced in countries like UK and USA for almost next to nothing.<\/p>\n

14.\u00a0Investing in Internet Companies\u00a0<\/strong><\/h2>\n

\"internet_keyboard\"<\/a><\/p>\n

With the emergence of the internet, starting an internet business in Nigeria is now possible for anybody.\u00a0That is one good reason why you should start an online business based on your knowledge, passion and need to be successful.\u00a0This is a new crop of powerful investment opportunity that is creating billionaires around the world including Nigeria.<\/p>\n

It’s simple! You don’t have to be a tech person, all you need is to look for a creative online tech startup with good ideas and invest into. Within 1 to 2 years you will be counting your profits in millions.<\/p>\n

15. Transport Business<\/strong><\/h2>\n

\"transport\"<\/a> <\/b><\/h2>\n

If you have been looking forward to creating additional streams of income to make your dream come true, then your search ends here. Transport business in Nigeria is one of the surest\u00a0successful\u00a0businesses to engage in.<\/p>\n

Nigeria has the largest road network in West Africa and the second largest south of the Sahara, with roughly 108,000 km of surfaced roads. Nigerians travel a lot from one state to the other, and as such road transportation is a good business, and more people should\u00a0consider owing transport companies.<\/p>\n

16. Hotel Business<\/strong><\/h2>\n

\"Hotel\"<\/a><\/p>\n

This is probably the coolest money-making opportunity in Nigeria with guaranteed success. Invest in a small-scale hotel of just 10 suites and watch your\u00a0money flow in duplicates. This has nothing to do with the tourism boom of any kind; it is simply connected to the fact that Nigerians are jolly people who love luxury and comfort. Also, expatriates in Nigerian prefer to live in hotels than an actual house, so you see, there can never be enough hotels in a city.<\/p>\n

17. Oil and Gas Business\u00a0<\/strong><\/h2>\n

\"oil-and-gas-sector-1\"<\/a><\/p>\n

Nigeria is\u00a0blessed with huge deposits of oil which presents some of the finest business opportunities for Nigerians. Owning a Petrol Filling Station, or supplying diesel might sound big and expensive but it is very lucrative. You can start from distributing kerosene in your area, and grow into a big oil and gas merchandise. You are sure of counting your money in millions.<\/p>\n

18. Importation of Tokunbo Cars\/Spare Parts<\/strong><\/h2>\n

\"used-cars\"<\/a><\/p>\n

Every Nigerian wants to own a car, but not all of them can afford brand new cars. If you are very buoyant and don’t know what business to go into,\u00a0this will be a good one for you. There is\u00a0a\u00a0huge market for used cars in Nigeria, you can start from one car, then two, in less than a year,\u00a0you will have a fleet of cars in your garage waiting for its new owners to come pick them. This business entails a lot of risks though, but it is a sure business you can succeed in.<\/p>\n

19. Investing in Property<\/strong><\/h2>\n

\"EstateBQ\"<\/a><\/p>\n

Being a landlord in Nigeria is a serious business because properties appreciate every day. Right now, Nigeria is one the countries in Africa\u00a0where landed properties are most expensive. If you buy a plot of land now anywhere in the country, you are sure to make 100% profit within two years. You can buy, resell immediately, and make a profit, or buy and sell later. You can also become an estate manager and get a percentage for every\u00a0house rented out.<\/p>\n

20. Cassava Production<\/strong><\/h2>\n

\"Cassava<\/a><\/p>\n

Normally, a lot of\u00a0\u00a0Nigerians will not want to embark on this business because of its nature and the stress involved. But in recent years, people are beginning to turn their attention to this aspect of farming in Nigeria that has been neglected for a while. Cassava derived foods are some of the most consumed in Nigeria. If you can invest in cultivating 50 – 100 Acre in fertile areas like Ondo and Rivers State, your harvest will be great, and your profit will sure flow in.<\/p>\n

Having gone through these businesses, don’t let this knowledge go to waste. Analyze each business idea carefully; the risk, cost and of course, profit margin. You never can tell which of them might make you the successful businessman you have always wanted to be.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the increasing rate of unemployment in Nigeria, one will agree that starting up a business is the wisest journey\u00a0to embark on. There are a thousand and one businesses that can be done, but not all of them\u00a0stand a\u00a0good chance of turning out well. If you have been nursing the idea of investing in the […]<\/p>\n","protected":false},"author":12,"featured_media":6866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","footnotes":""},"categories":[4],"tags":[68],"yoast_head":"\n20 Successful Businesses You Can Do In Nigeria<\/title>\n<meta name=\"description\" content=\"With the increasing rate of unemployment in Nigeria, one will agree that starting up a business is the wisest journey\u00a0to embark on. There are a thousand\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/buzznigeria.com\/20-successful-businesses-you-can-do-for-quick-profit-in-nigeria\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ajumoke Nwaeze\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/buzznigeria.com\/20-successful-businesses-you-can-do-for-quick-profit-in-nigeria\/\",\"url\":\"https:\/\/buzznigeria.com\/20-successful-businesses-you-can-do-for-quick-profit-in-nigeria\/\",\"name\":\"20 Successful Businesses You Can Do In Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/buzznigeria.com\/#website\"},\"datePublished\":\"2015-06-17T15:36:56+00:00\",\"dateModified\":\"2021-11-23T15:22:22+00:00\",\"author\":{\"@id\":\"https:\/\/buzznigeria.com\/#\/schema\/person\/61f3b862b6d52e57bdb836c58e631e00\"},\"description\":\"With the increasing rate of unemployment in Nigeria, one will agree that starting up a business is the wisest journey\u00a0to embark on. 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