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6 REASONS WHY YOU SHOULD START A BUSINESS IN NIGERIA TODAY (REUBEN ONWUBIKO)

 

In Nigeria today, many people are looking for many business opportunities, many are also in search of white collar jobs and do not find. There are many businesses in Nigeria that could earn you a lot of income. The following are reasons why you should start a business in Nigeria and some of the businesses you should.

  1. Foreign companies scramble to do business in Nigeria
    1. Tiger brand recently acquired Aliko Dangote’s stake in Dangote Flour.
    2. MTN South Africa recently mopped up shares of MTN Nigeria and Wal-Mart has moved heavily into Nigeria through its subsidiary, Shop Rite.
    3. GlaxoSmithKline U.K has increased its stake in GlaxoSmithKline Nigeria PLC.
    4. General Electric is partnering with power generation companies in Nigeria to boost the nation’s power supply.
    5. Chinese companies are partnering with Nigerian companies to setup manufacturing plants right here in Nigeria. An example of such plant is Innoson Vehicle Manufacturing Company in Nnewi.
    6. Nissan has also established an auto manufacturing plant in Nigeria

Nigeria’s 180 million population is predicted to overtake that of United States by 2050

  1. Nigeria is fast developing and there is a huge need for innovative products
  2. Nigeria is currently riddled with problems; falling oil prices, currency devaluation, security, infrastructural decay, unemployment, power failure, corruption, fall in education standard, accommodation, etc
  3. The government is working to improve the economic condition of the country; several policies aimed at encouraging local content production and small scale enterprises
  4. The eye of most entrepreneurs and investors doing business in Nigeria is usually on Lagos, Abuja, and Port Harcourt, other cities like Owerri, Aba, Onitsha, Nnewi, Kano, Ogun, Ibadan, Enugu, Uyo, Eket etc.

BUSINESSES TO DO IN NIGERIA

  • Non-Oil Export
  • Agro Food Processing
  • Vegetable & Fruits Marketing
  • Real Estate
  • Construction Services
  • Agency Service
  • Clothing Service
  • Inter-Mediation
  • Repair/Maintenance Services
  • Food Vending
  • Delivery Services
  • Courier Service
  • Home Lesson/School services
  • Summer Remedial Classes

 

Do not wait till conditions are perfect; risk comes with rewards; do not wait until all conditions are right before you venture or invest. Risks have returns.

 

  • Dog breeding and sales
  • Open a veterinary/pet shop
  • Livestock feed sales and milling business
  • Processing of maize, rice, palm oil, cassava, rubber, cotton etc
  • Cultivating vegetables
  • Starting a rental service business, Car, Okada and Keke Napep hired purchase
  • MC, DJ and event planning business.
  • Party Planner and Event Planner Business
  • Cake baking and decoration business
  • Frozen food business
  • Mortuary and ambulance service business
  • Setting up a tutorial centre and private coach classes
  • Providing catering services to schools
  • Day care and nanny services
  • Establishing self-empowerment centres for corpers and graduates
  • Selling past exam questions and CBT soft wares
  • Starting a school or computer training institute
  • Sales and repair of PC and its accessories
  • Mobile phone sales, repairs and battery charging business
  • Development of mobile and web applications
  • Graphic design and printing business
  • SIM swap and mobile money agents
  • Recharge card reselling business
  • Android games development
  • Pet breeding
  • Bead production
  • Pure water business
  • Snacks making and sales
  • Bread making business
  • Nursery and primary school
  • Driving school
  • Furniture making and selling (in a modern way).
  • Ice cream production

Persistence and Diligence Pay.

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Uyioata Adam

I am just a black girl who loves singing and composing sweet tunes. writings is my twin and I love my black lips and my black Afro cos it shows that ebony blood running in my veins.

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