Top 20 emerging business in Nigeria to do: The businesses listed below are focused on necessity-based products or services. They are emerging business ideas. You can start them anytime and succeed. The idea here is just to bring these business opportunities to your notice by highlighting them. I urge you to do further research and decide on which of them is best for you. Here are 20 best emerging business to do in Nigeria.
Read on: Top 15 Reasons for starting Coconut Business in Nigeria
Top 20 emerging business in Nigeria to do are:
FOOD BUSINESS
Food business, in any way, is evergreen. People must eat. There are some ways you can get involved in the food business. You can set up a little restaurant. If you center on quality service delivery, you will never be out of business. You can likewise begin an outside catering service for weddings, events and whatnot.
Here is a direct record on the most proficient method to begin a little catering business.
In the event that cooking is not your thing, you can begin foodstuff business as a wholesaler or retailer.
You can likewise export foodstuff to other parts of the world.
Regardless of how you decide to begin, food is a necessity and that is the reason it is at the highest priority on the rundown.
See also: 11 Ways to Start crèche business in Nigeria
TRANSPORTATION
Transportation is another sector that flourishes in a recession. With increased fuel prices, massive loss of employments and high inflation rates, some people would prefer open transport over driving their own cars. You can take advantage of this open door and drive out of recession.
TECHNOLOGY BASED SERVICES
Following Mark Zuckerberg’s visit to Lagos, the Nigerian tech industry has come under the spotlight after the Facebook founder’s interest in companies like Andela and CCHub. The future is tech! People need more creative and automated methods for getting things done.
You do not have to be a tech geek to take advantage of this industry growth. You can partake as an angel investor and also partner with these tech founders who are in dire need of capital and financial investments.
Vc4a.com offers you such opportunities to find and invest in emerging tech new companies.
See also: How to Start cassava flour business in Nigeria
INFORMATION MARKETING
Information is the most expensive item on the planet. Recession is generally a time of disarray. Prices are skyrocketing, occupations are being lost and many people are wondering: what do we do next?
You are in business, if you have valuable information that answers any of the questions above. How to go about it? Begin a blog, organize seminars, package your information product (e-book, videos, podcasts, and seminars, etc) and people will pay you to get them.
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FREELANCING
Freelancers never leave business. There are parcels bloggers who have no time to write, companies who need better cowriter, new companies who need illustrations designers, etc. Whatever you are good at, there are people who are willing to pay you for it.
Nigerians over time have made so much money on freelancing sites like Fiverr and Upwork. Fiverr is a great platform for freelancers to make money and has become rather very competitive lately because more people are getting into the system.
People who have been there for long normally provide training for starters, helping them stay ahead of the competition and make more money.
See also: 11 Tips to Make Money as English Germany Teachers in Nigeria
FMCG MANUFACTURING
Fast Moving Consumers Goods (FMCG) are products people use every day like Soaps, tissue paper, toothpicks, matches, etc.
In your quest to find what people need, especially items they used to import, and offer same quality and standard in Nigeria, you are in business.
Nigerians are learning to buy locally made goods to boost our economy. Dangote, who is the richest man in Africa presently, did realize the huge market potentials in this highly lucrative sector. He has since largely dominated the Fast Moving Consumers Goods (FMCG) market.
FINANCIAL ADVISORY
You can tell people on the best way to make wise investments, if you are a good financial expert. A banker who simply lost his employment would be faced with the question of what to do next. Therefore, an importer who simply lost business because of the embarrassing forex
Therefore, an importer who simply lost business because of the embarrassing forex circumstance, can begin a little consulting firm to fill this need. You can likewise set up yourself as an expert in this field by starting a blog that educates people on what to do with their money. Starting a blog is easier than you may think.
You can likewise set up yourself as an expert in this field by starting a blog that educates people on what to do with their money. Starting a blog is easier than you may think.
EXPORTATION
You can begin to export different kinds of commodities to other countries and make money. To export or not to export is no longer the question. The question is the way by which to export. Read this most comprehensive step-by-step guide on non-oil export business in Nigeria.
AGRICULTURE
I am a solid advocate of agriculture as an instrument for economic diversification and prosperity. There is something in agriculture for everyone regardless of the budget or capacity. To get you started, I set up together a rundown of 50 agrarian business ideas for entrepreneurs.
REAL ESTATE
Importers who can’t import anymore because of the FOREX instability more often than not take their money and invest in real estate. Your part could be to tell them on where to get the best deals and where to get
Your part could be to tell them on where to get the best deals and where to get available property for purchase. Read this lecture about how this entrepreneur started his own particular profitable real estate business with little capital.
FUNERAL SERVICES
This happens to be one of the most underutilized business niches in Nigeria. Likely needs to do with the way that they deal generally with dead people. Yet, for those who are able to get around it, funeral services is really a lucrative source of income regardless of the economic weather.
Yet, for those who are able to get around it, funeral services is really a lucrative source of income regardless of the economic weather.
SPORTS BETTING
I do not advocate gambling as a business model. In any case, having a shop where gamblers gamble is one of the most lucrative businesses yet because people swing to betting as a means of raising easy money. You can begin as an agent with a games betting agency and work your way up from that point.
You can begin as an agent with a games betting agency and work your way up from that point.
ENTERTAINMENT BUSINESS
Entertainment is another sector that sees progression in a recession. You do not have to be a comedian or an artiste to get involved. You can organize an event that pulls artistes and comedians. People will pay you just to make them chuckle and have a decent time.
People will pay you just to make them chuckle and have a decent time.
YouTube Video Channel
This open door is very new in Nigeria, considering that Nigerians where not formally allowed/enabled to take part in YouTube partnership program.
This is an emerging business opportunity that thousands of other publishers in other countries are already making six figures from. I am serious about this business because I know it holds one of the finest
I am serious about this business.I know it holds one of the finest opportunities to make real money. anyone who goes into the YouTube partnership program the correct way is bound to succeed.
Cable Manufacturing
Made in Nigeria cable is believed to be one of the best on the planet and cost more in the market. Being that this could be maintained through consistent quality. Nigeria will soon become the center of cable exportation on the planet.
I haven’t yet gotten the details on what it takes to manufacture cable. However, it’s really not that hard. It’s not beyond what you can do – from my little findings, I can state it’s pretty easy to make cables.
Waste recycling
A yet untapped, but next fastest growing business opportunity in Nigeria is no doubt, the waste recycling business. I do not need to expatiate on this as the details are clear. You can try either nylon recycling of bottle and can
You can try either nylon recycling of bottle and can recycling. You can even embark on a waste to the green (manure) project as Nigeria has a huge demand for natural and inorganic fertilizer.
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Alternative power
The last however not the least of the fastest growing business opportunities in Nigeria is alternative power supply. In recent times; Nigeria has seen an explosive increase in the demand of power supply so creating an avenue for savvy entrepreneurs to capitalize on. Sun oriented energy, Wind
Sun oriented energy, Wind energy and bio energy are some of the alternative power supply system that are making waves in the nation however the present alternative power supply service providers can’t meet up the demand thereby leaving space for other creative investors.
With a decent plan, adequate capital and a solid business team; you can break into this niche.
Other Top 20 emerging business in Nigeria to do are:
COMPUTER AND TECHNOLOGY SERVICES BUSINESS
The significant materials needed are computer or tablet, sets of screw drivers and testers. You also need printing machine, phones and mobile phones, internet connection and workers.
a. Computer repair and services Business
b. Mobile phone repairs Business
c. Mobile applications development
d. Games development
e. Graphic Designer and Printing business
f. Directory Publisher
g. Mobile money agents business
PROFITABLE SPECIAL PRODUCTION BUSINESS
This is one the most lucrative businesses in Nigeria. The business requires small amount of start-up capital. If passion for this, you can start with the following business listed below:
Liquid cleanser production business, perfume, and body ornamental production business.
Top 20 emerging business in Nigeria to do
Mobile Food Vending Business
If you love cooking, mobile food vending will be a great and lucrative approach to get into the catering business in 2017. The Igwe Brothers started Speedmeals Mobile Kitchen in 2010; they agree that in 2016, the market is still as open as ever.
I expect more caterers to go mobile in 2017 because people will appreciate having their food conveyed to them. The significant challenge with this, as with any food business, is getting people’s’ trust. You do this with proper hygiene, top-notch meals and timely, consistent delivery.
It will likewise put a great deal of ‘mom put’ on their toes to improve their nature of their cooking. Kindly click here for more information.