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http://www.coolnaira.com/blog/2016/05/22/tip-how-to-promote-your-coolnaira-referrer-id/#comment-237

Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira

Doing business in Nigeria is currently viewed as one of the most lucrative business ventures, in today’s global business environment. For the past 50 years Nigeria has been dependent on its valuable oil resources, which have brought great wealth to a select few, but oil is not the only lucrative business in Nigeria.However, as Nigeria’s economic sphere slowly changes, its economic structure diversifies to overcome its dependency on oil. This shift has opened up the playing field for a new generation of entrepreneurs in Nigeria. People, who can identify business opportunities in Nigeria, know that the oil industry is not the only business that you can enter and make money from.If you are thinking of setting up a business in Nigeria and making millions of Naira from it, you can choose from a variety of options. Read and find out my Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira.

Top 20 Lucrative Businesses in Nigeria That Make Millions of Naira.

1. Fast Food business – You need decent customer service, management skills and capital in order to set up an eatery and make sure that everything runs professionally. You can set out on your own and create your own brand, or buy in to an already established business franchise, such as Mr. Biggs.

2. E-commerce – This is a very promising venture and the best thing is, you will have all the tools and customers over the web. If you do not have the required knowledge, you can collaborate with an established firm to operate your e-commerce enterprise. Benefits are – Low start-up costs, changes can be made instantly, the potential customer reach, and you can easily measure results with cost effective online marketing.

3. Construction business – Business is booming in Nigeria, and so is our population. To support this growth, Nigeria now has a booming construction and housing sector. The range, type and size of projects are huge, so there are plenty of opportunities depending on how much capital you can invest. If managing a construction project isn’t for you, you can set yourself up as a local dealer to supply building materials. The investment is not as huge, but considerable investment will be required initially to buy and stock materials. But you can be assured that there will be no shortage of business.

4. Hotel business – This is a goldmine industry if you can get it right, but the competition in this sector is quite high. To launch and maintain your hotel you will need a large amount of capital. It takes planning, patience and hard work to start a hotel business. A high-level of customer service skills is also required to attract new and returning visitors.

5. Kerosene Retail – You can set yourself up as a supplier to make your millions quickly. Kerosene is used in most homes in Nigeria, and Africa due to inconsistent power supply. This is one of the most lucrative business opportunities in Nigeria. Entrepreneurs have been known to receive 100% returns on their initial investment.

6. Rice farming – Is the most profitable area in Nigerian agriculture. Nigeria has a low local production of rice, but an extremely high consumption rate, which leads us to import the majority of our rice from overseas. Recent reforms in the Nigerian agriculture sector have seen the government open up the sector for more investments to support small, medium and large-scale farmers.

7. Haulage Services – Given the poor rail transport system in Nigeria, most of the goods are shifted by road and this makes the haulage business in Nigeria extremely lucrative.

8. Snail rearing – This is one of the business ideas in Nigeria that needs low investment as snails require simple vegetation to eat, and they reproduce at an alarming rate. You will need to invest in housing and protecting them, as snails are delicate, and must retain their moisture to survive. There is not much competition in the industry and you can enjoy making profits without many challenges.
9. Car and Machinery Spare Parts – As Nigeria’s economy grows so does our manufacturing industry. This has driven a rapid increase for capital goods such as machinery, lubricants, spare parts, ball bearings and other mechanical goods and accessories. The key is to find a good supplier from abroad. UAE-based enterprises have emerged as the leading supplier of these goods to many countries in Africa.

10. Poultry farming – This is big business, and you can begin with around 100 birds, and build it into a large-scale enterprise within a short period of time. You can make money from selling chicken eggs, or chickens for meat. This is a top business startup idea.

11. Transport Business – Although a little messy at present, it is a profitable sector in Nigeria and can help you make millions annually.

12. Fruit Juice Making – This is a capital-intensive business, but if you can manage the funds you can grow as big as Chivita or La Carcella given how much Nigerians love their fruit juice.

13. Tokunbo Trade – Business of second hand items in Nigeria is very lucrative and many Nigerians want to spend as little as possible to buy second hand items such as clothes instead of buying new ones.

14. Dry Cleaning & Laundry – Float a professional dry cleaning business and keep your rates low and service quality quite high. This type of business is especially profitable in a big city, or urbanized area.

15. Pure Water Production – Although this business needs some capital investment, it can be worth your effort and money in the long run particularly if you can manage pure water production and keep the quality intact over a long time. Your options are to sell as sachet, bagged or bottled water.

16. Professional Car Wash – This can be a good business if you choose a location like Lagos where you will be able to find a number of good cars.

17. Internet Business – You can provide fast Internet connection at affordable monthly rates and manage it well enough to make tons of money.

18. Nursery and Primary School – There is a lack of good schools in the country and you can set up high quality nurseries or primary schools to make millions.

19. Online Tech Support – You can easily set up an online tech support business and make a lot of money within a year or two of your business launch. This is a simple business and you do not have to be a tech expert to operate in this sector. I’ve known people set up these types of businesses, and outsource the work to tech professionals.

20. Furniture Business – A lot of profits await you in the buying and selling of furniture. You do not have to be a carpenter to do this. You can simply contact trustworthy carpenters in your area and arrange a steady supply of furniture items to display in your showroom. This is a big scale enterprise due to the fact that only a few people can afford imported designers.

All of these business ideas have great potential, and the ability to help you generate millions, but remember the success is in the planning, and your ability to execute your plan. There are some key elements that you must assess before committing to any business venture. Once you have all of these elements in place, you are only a few steps away from business success.

Do you agree with my list, and are there any other lucrative businesses that you can think of?
Please Like and Drop Your Comments Below....

100 Business Ideas In Nigeria That Can Earn You Good Income

Am present to you my small compilation of small business ideas one can start with little money or no money here in Nigeria.

It is not guaranteed that you will become rich doing any of these businesses just because I said profitable but for the enterprising folks that pick any of them and chooses to be diligent and resourceful, I believe the sky will be the limit for that person whether or not the business is small scale or on a part time basis. By the way there are many more ideas one could come up with so good luck with your search.

I have compiled this list for those who are looking for a means of livelihood or better yet are working but are looking for an alternative source of income. All the best as you pursue your small business.

1. Proposal writing

2. Real Estate Agency

3. Information Marketing

4. Blogging

5. Web publishing

6. Selling Fruits

7. Baking confectioneries

8. Selling honey

9. Home tutoring

10. Freelance marketing

11. Freelance writing

12. E-books publishing

13. Affiliate marketing

14. Crafts business

15. Bead making

16. Weight loss classes

17. Exercise Instructor

18. Party Planner

19. Business plan writer

20. Business broker

21. Aerobics Classes

22. Carpet Cleaning and car washing

23. Corporate Cleaning Services

24. Computer instructor

25. Dance Instructor

26. Graphic Designer

27. Web designer

28. Computer programmer

29. Computer Repairs

30. Mobile Phone Repairs

31. Charging of car and phone batteries

32. Time management consultant

33. Cooking service

34. Cosmetic sales

35. Dating Service

36. Directory Publisher

37. Editor

38. Email marketing

39. Employment Agency

40. Event Management

41. Event Planner

42. Fruit Selling e.g Apple, Pineapple etc

43. Export Agent

44. Ezine Publishing

45. Facialist

46. Hair Stylist

47. Beautician

48. Make-up Artistry

49. Freelance photographer

50. Ghost writer

51. Greeting cards designer

52. Food Delivery service

53. Home made story books

54. You tube Videos

55. Information broker

56. Infopreneur

57. Internet marketing

58. Internet service provider

59. Internet recruiting

60. Interpreter/translator

61. Foreign Language Teacher

62. Mailing list service

63. Market research

64. Monogramming

65. Music lessons

66. Nanny Service

67. Online internet training

68. Painting

69. Payroll service

70. Martial arts instructor

71. Pet training

72. Selling Pet products

73. Proof reader

74. Public Relations Agency

75. Public/Motivational Speaker

76. Reporter

77. CV/Resume Writing service

78. Self Improvement Seminars

79. Self Publishing

80. Song writer

81. Teaching

82. Technical Writer

83. Telephone Answering service

84. Tour Guide

85. Travel Agency

86. Scholarship and Overseas Study consultant

87. Typing service

88. Mobile supermarket

89. Writing press releases

90. SMS marketing

91. Excursion Service

92. Holiday Camp

93. Video game Center

94. Viewing Center

95. Day care center

96. Car wash service

97. Selling chilled Zobo Drinks

98. Youghurt

99. Home Business Center

100. School Dropping and picking service.

Please Like and Comment Below If You Love or Like This Post..thanks.