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Top 35 High Profit Business in Nigeria

Are you interested in starting a business that will yield you regular income in Nigeria?

If yes, read on how to start to invest your money into business to make profit. Be sure of making millions back in no time as I provide you with top 20 high profit business in nigeria.

This article contains authentic business ideas, not just some randomly selected junk businesses, they are time tested, carefully selected, high performing businesses you can stake your hard earned capital on and be sure of making profit. Before we proceed, I want us to look at some of the vital reasons you must start a business in Nigeria today.

Why You Must Start a Business in Nigeria Now

Why would Nigerians leave the gigantic business opportunities in their land and choose to travel far and wide to slave, leaving the wealth back home for foreigners like South Africans, Lebanese, Indians, Chinese, even Egyptians to plunder?

A couples of current fastest growing businesses and companies in Nigeria are owned by the foreigners. We have to take action. Go through the information below, see why Nigeria is the Africa’s testing ground for business and begin to take the opportunity.

Alright, let us examine the list of top profitable business in Nigeria.

Read also: Top 30 Man-power Business in Nigeria

Top 35 High Profit Business in Nigeria

1. Agriculture 

A lot of people have realized the important of agriculture in our country today. With serious concern of the current administration about Agriculture, Nigerians both home and oversea are beginning to wake up to the huge potentials in Agribusiness. Agriculture is another Top 20 High Profit Business.

This sector has been neglecting over the years due to the discovery of oil. Presently, that the oil is drying up, people are beginning to look into other sectors of the economy to create wealth. Some of the farming in Nigeria that are serious making profit for people now listed below:

2. Poultry Farming

Poultry Farming is one of the top 20 high profit business in Nigeria. This business is so lucrative that even outsiders are coming in to invest in poultry farming the business in Nigeria. 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.

See also: How to Start a Gift Basket Business in Nigeria

3. Cassava Production

Many People are beginning to turn their attention to this aspect of farming in Nigeria that has 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. If you love farming why no pick this one as your area out of the Top 20 High Profit Business we have listed here.

Read also: Top 22 Business Schools Standards in Nigeria

4. Snail Rearing

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 invest heavily in Snail farming, he is sure to make good money in Millions within a year.

5. Cassava Production

Normally, a lot of  Nigerians 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.

6. Rice Farming

In Nigeria, rice remains the most consumed food staple and Billions of dollars goes into the 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.

If you have a million dollar to invest should get in touch and partner with me with 100% return. $1,000,000 = $2,000,000 guaranteed.

7. Sale of Furniture

Trading on locally make furniture is a goldmine. It is a must for you be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. This is a very big business in Nigeria as only few can afford the imported designers.

8. Making of Fruit Juice

A good number of people in Nigeria drink fruit juice. For instance, companies like La Carcella and Chivita who came into the country as nobody are today making billions of naira annually. It is capital intensive business but if you can afford it, it’s well worth it.

See also:Top 11 Sources of Getting Funding for Business in Nigeria

9. Pure Water Production

This is a very lucrative business in Nigeria today. However, this business is capital intensive but well worth investing into, especially if you can manage it properly with professionalism.

10. Oil and Gas Business

The big men will love to pick this one. As one of their Top 20 High Profit Business in Nigeria. Nigeria is blessed and cursed with huge deposit of oil in our land which presents some of the finest business opportunity for Nigerians and Foreigners.

Having 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.

11. Haulage Services

You will agree with me that the cost of taking 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.

This makes haulage business in Nigeria a viable one. Petroleum products haulage and movement of goods from manufacturers and importers are the aspect of haulage in Nigeria that is very lucrative now.

Hotel Business

Investment in hospitality is the possibly way of money making opportunity in Nigeria. Try to invest in small scale hotel of just 10 suites and watch as the money flows in. Nigerians are jolly people. So, this makes the business very lucrative.

Read also: How to Start Keke Napep Business In Nigeria

12. Body Decoration Services (Piercings and Tattoos)

According to statistics, the tattoo industry generated $3 billion in revenue in 2014 and continues to grow rapidly:

  • 40 percent of American households have at least one member with a tattoo, up from 21 percent in 1999
  • 22 percent of young millennials have at least one tattoo
  • 30 percent of people aged 25-39 have tattoos and 40 percent of adults aged 30-39
  • Tattoos are also popular with middle-aged adults ​— 30 percent of those aged 40-49 have at least one

Most tattoo artists learn the trade via an apprenticeship alongside a professional (typically three years or more). For health and safety reasons, some jurisdictions require classroom experience.

If you have artistic and creative skills, becoming a tattoo artist can be an excellent business opportunity.

13. Fast Food Eatery

This is another money maker though poor management can destroy it.  Ensure that you make proper planning and do not forget that it is a bit capital intensive. It requires good managerial skills for to succeed.

14. Importation of Tokunbo Spare Parts

For those Nigeria in residing in USA, Germany, or Denmark, this business is especially good for you. Do not concentrate on importing exotic cars, gather tokunbo spare parts in containers and ship it down to Nigeria. There is massive market for used (tokunbo) spare parts in Nigeria.

15. Investing in Property

Real estate investment is a good since the property appreciate every day in Nigeria. Now, Nigeria is one the countries in the world where landed property is most expensive. For instance, if you buy land now anywhere in Lagos, you are sure to make 100% profit within two years. You could buy and quickly resell and make the profit. You buy,keep and sell later.

16. Power Bank – Startup Business

By 2022, the power bank industry is expected to climb to $25.16 billion USD. A power bank is a mobile charger which is charged in advance for a later use. It’s a great product for those who plan to be in a remote location with limited access to electrical outlets. With an astounding 80% of internet users owning a mobile device, accessories like power banks are expected to continue growing in popularity. So, this startup idea might just be the perfect opportunity for you to make money in the power bank industry.

You can dropship power banks using the Oberlo app. You can do a combination of search based marketing (Google ads) with Facebook ads to grow your store’s popularity. You can also expand into other popular mobile accessories niches such as phone cases. Having a store focused on mobile electronics that are growing in popularity can prove to be one of the most profitable ecommerce business ideas.

See also: Top 10 Computer Game Center Business Tips in Nigeria

17. Workwear – Ecommerce Business 

Workwear is one of those good business ideas that you can take in a number of directions. There’s the work safety niche which has specialized workwear such as safety shoes, scrubs, eye protection and more. Or you can go into the business man’s workwear and sell suits, ties, dress shoes and other men’s fashion. There’s also women’s workwear where you can sell professional clothing for women such as conservative dresses, blazers, blouses and more. It doesn’t make sense to combine all of these niches since they all serve different audiences. However, within each of these business ideas there’s a lot of room to expand into other verticals.

Marketing your workwear brand depends on which audience you serve. For example, if you sell specialized workwear, you’ll likely be targeting people who work in the trades such as construction or nursing. You’d be selling products like safety shoes and scrubs. However, even within that niche you’d find that you can’t do a one size fits all ad. The person who’d buy safety shoes is very different than a nurse looking for scrubs. Within the men’s workwear niche, it’s considered more of a men’s fashion store. You’d target men between 25-40 with your apparel. You might choose to target men of different industries depending on what type of workwear you sell. For example, if you sell suits you might choose to target those who work in finance or law. In the women’s workwear niche, you’d likely market to women aged 23-34. If you sell professional work apparel, you might choose to target women who work in business, public relations, law, administration, or within a government role. As you can see, this is a business idea that can be taken into many different directions, depending on which niche you aim to focus on.

18. Dry Cleaning

In Nigeria, professional dry cleaners at affordable prices are scarce. Today, 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 clothes today and meet it unwashed after one week. This business is a goldmine if you balance it up.

19. Professional Car Wash

Cash wash business is good if you can set it up in a strategic location in a place like Lagos where there are a good number of cars. Ensure site this business in a strategic location.

20. Sales of Building Materials

The prevalent rate of new and modern building in Nigeria today is on the rise. Most times, I get to wonder why many people still complain of housing problem. So, Investing in building material is a good business in Nigeria and I can count some guys who are making millions almost daily in this business.

21. Transport Business

Yes transport business is really cool and am happy that you are here to see that its among the top 20 high profit business in Nigeria today. What we have in this sector are transport companies that are badly managed by local chiefs and touts. Invest in this business with good management and you will be wondering what hits you with bags of money.

Read also: How to start GSM Shortcode business in Nigeria.

22. Bike Sales, Service and Rentals

Given the health and environmental benefits, it’s no wonder that bicycling has become the second most popular outdoor activity in America by frequency of participation. According to peopleforbikes:

  • U.S. bike commuting has grown 47 percent nationwide and 73 percent in the largest cities over a 10-year period. North American cities are trying hard to increase the number of people using bikes rather than cars to commute to work.
  • Americans spend $81 billion on biking annually, generating 770,000 jobs.

Anything that’s healthy, popular, good for the environment and heavily promoted by government is a pretty good business bet. In addition to pedal-only powered bikes, E-bikes have become very popular. E-bikes can be pedaled without electric power or use electric power to assist, and sales are expected to hit close to 50 million units by 2018. Regular pedal bikes can be converted to E-bikes with a kit that allows replacement of the front or back wheel hub with one containing a small electric motor and adding a battery and cabling.

If cycling is your passion and you want to become an entrepreneur, this may be the perfect business opportunity for you.

23. Software Engineering and Development

Software engineers and developers create, test and maintain software on a variety of platforms, from mainframes to mobile devices. According to the U.S. Bureau of Labor Statistics, the demand for software developers is expected to increase by 17 percent each year through 2023, and the median pay in 2014 was slightly over $100,000 per year.

The nature of the software development industry makes it ideal for contract employment. Many software engineers start out as salaried employees and eventually become self-employed contractors. Cloud computing and ease of remote access make software development an ideal home-based business.

24. Nursery and Primary School

This business has no rival among its mate. The school fees paid for little children usually worth a million naira per term just to learn ABC. The School business in any level is a serious business in Nigeria that generate millions of naira.

25. Baby Rompers 

Baby rompers are a good business idea as they’ve proven to show strong search volume. If you want to start an online store in the baby niche, you can add these trending products within a category. However, you aren’t limited to the baby niche, you can also sell maternity products, baby toys, or children’s clothing, to add more variety to your online store making it a one stop shop for new parents. Something to take note of, a lot more parents are giving their children gender neutral names so having a category of gender neutral clothing could likely serve as a category of its own.

Women tend to be the main consumers of baby rompers. While the mother will often buy her baby’s clothes, baby rompers are also purchased by other relatives like aunts, grandmothers and other family and friends. If you decide to sell baby rompers on your store, you might choose to add a gift registry app which can help boost average order value. The gift registry won’t market itself. However, you can create an ad for expectant mothers and have them create a registry on your store so that their close friends and family buy items from your website. This helps simplify the marketing as the focus is on getting the mother to promote your store for you for her baby shower.

26. Children’s Services

There are business opportunities in a variety of areas in the children’s services market, including:

  • Quality preschool education, including environmentally-focused offerings such as outdoor preschools
  • Art classes and events
  • Tutoring in critical skills such as reading, math and English
  • Fitness instruction such as tennis, swimming, soccer or golf lessons

If you enjoy working with children and have instructional training and/or experience, why not turn it into a business?

27. Skilled Trades

It’s unfortunate that nowadays that some parents have a tendency to discourage their children from considering skilled trades as a career choice, in part due of the erroneous belief that trades are poorly paid. In fact, skilled tradespeople are generally very well paid and enjoy satisfying careers.

It has been estimated that 40% of current tradespeople will be retiring in the next decade, creating a huge demand for talented workers in trades such as:

  • Welding
  • Carpentry and general construction
  • Plumbing, pipefitting and steamfitting
  • Electrical and electronic control systems
  • Heating, ventilation, air conditioning, and refrigeration (HVAC)
  • Machinists and Metalworkers
  • Masonry
  • Steelworking

The nature of skilled trades makes them ideally suited for self-employment:

  • High salaries and strong demand for experienced tradespeople in most locations
  • Most trades can be operated as home-based businesses as the work is performed at the customer job site
  • Compared to many businesses, startup capital costs are relatively low for most skilled trades, and most cannot be automated to any degree, ensuring future job security
  • The ability to relocate to other jurisdictions where demand is stronger. Many experienced tradespeople take advantage of opportunities in remote or overseas locations to command much higher levels of compensation.

Why not take advantage of the demand and consider one of the skilled trades as your next business opportunity? Using rollover for business.

28.  Home Renovations

If construction is in your blood and you think you would enjoy making clients’ home renovation dreams come true why not turn it into a business?

Ask almost anyone who is needs repairs or renovations done on their home (or business) – remodeling contractors are hard to find and the good ones are always busy. Home renovation is one business that always seems to do well, even in uncertain economic times.

Statistics show that the average home owner in the U.S. spends approximately $3000 per year on home improvements – generating a lot of business for carpenters, painters, drywallers, roofers, tilers, and other tradespeople.

The home renovations business is ideally suited to self-employed individuals for a number of reasons:

  • Most renovations are performed on a contract basis
  • Startup capital investment for tools and machinery is typically much less than required for new construction
  • Business premises are not required as the work is performed at the customer location, making remodeling a perfect home-based businesses

Remodeling contractors provide services in a number of different ways:

  • As individuals, where the contractor performs most or all of the work themselves
  • As general contractors, who hire and supervise employees or subcontractor who perform the work
  • As specialists in a particular area, such as bathroom or kitchen renovations, or niches such as restoring historic structures, improving energy efficiency, or solar installations

To be a successful renovation contractor you should have:

  • Extensive experience in building construction, with hands-on expertise in at least one of the trades and knowledge of the others
  • Good contacts within the industry, so if needed you can call in sub-contractors to get specialty work performed in a timely fashion (such as architects, structural engineers, licensed electricians, plumbers, tilers, etc.)
  • Up-to-date knowledge of the local building codes and safety regulations
  • Licensing and certification if required in your jurisdiction. In the U.S., the National Association of the Remodeling Industry offers various levels of certification for remodellers.
  • Good organizational skills

29. Exporting Of Raw Materials

For the fact that a country cannot depend solely on its resources, a better way to grow the economy is to export some of the raw materials that are abundant in the country.

Exporting of raw material is very profitable. And you may choose this as one of the top 20 high profit business in Nigeria to start with.

30. Online Advertising Agency

Presently, the Nigeria’s online agency keeps increasing. Most businesses in Nigeria are taking their business online to leverage the massive community of Nigerian internet users and market their products. Thus, this influx has created another business opportunity in Nigeria for savvy digital marketing experts. You could setup your own online advertising agency in Nigeria today and make millions.

31. Fashion Business

A lot of people in Nigeria are probably the trendiest people in the world. For instance, fashion designers are becoming millionaires on daily basis in Nigeria. Thanks to the revolution in the Nigerian fashion business caused by the boom in the entertainment industry in Nigeria.

32. Media and Show Business

Do you know that Nigeria is the capital of entertainment in Africa? Are you also aware that Nigeria is the highest consumers of media content in Africa? So, you can see how viable and lucrative media and show biz can be in Nigeria.

If your an entertainer or have passion for it. While not pick this one as one of your top 20 high profit business in Nigeria.

33. Investing In Internet Companies

This business is a new crop of powerful investment opportunity that is creating Billionaires around the world including Nigeria. You do not have to be an IT savvy, 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.

34. Importation of Tokunbo Cars/Spare Parts

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, this will be a good one for you. There is a huge market for used cars in Nigeria, you can start from one car, then two, in less than a year, you 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.

35. Elephant Decor

A popular business idea is elephant decor. It’s been trending upwards ever since we saw the rise of yoga blankets. Elephant decor can include tapestries, figurines, pillows, and more. In some cultures, when children move out for the first time, the parents buy an elephant figurine for their home to give them good luck and protection. They’re also used in feng shui.

When marketing your elephant decor, you’ll want to mention the good luck aspect in your copy, especially if the elephant’s trunk is up. When creating ads, you can market to people who are recently engaged or married as elephant decor in the bedroom is believed to increase fertility in some cultures. You don’t want to make any claims in your copy so be sure to use language like ‘believed to’ or ‘may help.’

Conclusion:

Our main goal has been to share business ideas freely and encourage fellow Nigerians to start business of their own. This investment plan is designed for those who know how to take advantage of an opportunity. Do not let the money sit in the bank for nothing, we can help you make 100% profit on your money.

After checking out the top 35 high profit business in Nigeria on this site. We encourage you to take action right away and you will definitely succeed.

At this moment that you are ready to go, click on any of the business ideas and further read the detail about the particular business of interest. Also, in case you need additional help, you can drop your question or comment under this article or any of the respective articles for further expatiation.

If you need a complete business plan, please let us know. Or, you want us to help you set up this business, kindly contact us. Otherwise, Please check out these other business ideas you can do.


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