Top 20 Businesses in Nigeria That Makes Millions in Profits

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Why invest your money in businesses?

You need to invest your money in businesses for it to grow and give you profits to meet your daily needs. if you eat your capital, it will finish and you will end up being broke again.

Are you thinking of Investing in Nigeria but don’t know where to start from or which business to invest your money into? Here are top 20 most lucrative businesses in Nigeria you can invest your money and be sure of making millions back in no time.


1.
Poultry Farming

This business is making average Nigerians rich. It is so lucrative that even outsiders are coming in to invest in poultry farming business in Nigeria. And why not, in a country of about 180 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 up to N30 million annually.

2. Cassava Production

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.

3. Design and sell clothes

The Nigerian market is very large and many tailors have now become better in sewing good clothes with good finishing hence the quality of made in Nigeria clothes are now really good. You can buy the quality materials and give it to experienced professional tailors so that they can sew the designs of your choice for you. You then take it to the market and sell. This will have an excellent appeal as your creativity gives unique designs and the customized feeling which fashion lovers want. Aba and Lagos have good quality materials and professional tailors that can handle the design and sewing, if you are just starting out. The business can start immediately as it does not require propagation period like agro businesses.

4. Sale of Furniture

Buying and selling of locally made 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.

5. Snail Rearing

Snail farming is one of the easiest 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.

6. Rice Farming

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. Anyone who 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. Making of Fruit Juice

Nigerians drink fruit juice more than any other people. That’s why companies like Lacasera and Chivita who came into the country as nobody are today making billions of naira annually. This business in capital intensive but if you can afford it, it’s well worth it.

8. Pure Water Production

You know how popular this is in Nigeria and the quantities that are sold daily. Though this business is capital intensive but well worth investing into, especially if you can manage it properly with professionalism.

9. 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 over the years. 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.

10. Haulage Services

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, making haulage business in Nigeria a viable one.

11. 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 jolly people!

12. Fast Food Eatery

Eatery business is another goldmine though poor management can kill it 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, free money is yours.

13. Importation of Fairly Used Spare Parts

If you are in USA, this business is good for you. Don’t just keep importing exotic cars, gather fairly used spare parts in containers and ship down here. There is huge market for it in Nigeria.

14. Investing in Landed 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.

15. Dry Cleaning

Professional dry cleaners at affordable prices are 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 one week. This business is a money maker if you balance it up.

16. Professional Car Wash

This 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. You can start small with bucket, detergents, brush and washing cloth then grow big with more sophisticated equipment like blower and steam washer machine for washing engines

17. Sales of Building Materials

The rate at which new houses are springing up in Nigeria, you get to wonder why many people still complain of housing problem. Investing in building material is a good business and I can count some guys who are making millions almost daily in this business.

18. Transport Business

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.

19. Nursery and Primary School

School business has no rival among it’s mate. My little kids school fees take away close to a million naira per term just to learn ABC!

20. Investing in Internet Companies

This is a new crop of powerful investment opportunity that is creating Billionaires around the world including Nigeria. It’s simple! You don’t have to be a Tech person, all you need is to look for creative online startups with good ideas and invest in. Within 1 to 2 years you will be counting your profits in dollars.

You can call or chat me on 08036668400 or eudoiwod@gmail.com . Get ready to buy my eBooks for more details about these businesses once they are out.

Follow Emmanuel Udoiwod:

I am a tech entrepreneur, investor, public speaker and motivator with the aim of raising more millionaires with passive income making investments. In this blog I will be exposing opportunities that you can build and with the help of others build it to a continuous passive income generator

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