Friday, May 3, 2019

10 Small Scale Businesses In Nigeria

There are many small scale businesses in Nigeria, but this article is going to highlight the most profitable businesses you can start small and grow big

As the name implies "small scale" it may or maynot really have to rquire huge capital to start-up.

Therefore this post will list the small scale businesses in nigeria one can actually start up without much hassle.

Here Are The List of Small Scale Businesses In Nigeria.

1. Event Planning:

Event planning is one of the decent paying business I admire so much in Nigeria.

To venture into event planning it is necessary to have a very creative and unique taste in designs and decoration.

In the presence of these two unique tastes, planning an event is just something one can do without any form of hassle.

2. Rental Program:

In case you are just hearing about rental program for the first time it's a type of business where one buys certain equipments that people need and rent it out to them on a specific pricetags.

 Some of the things one can rent out in Nigeria includes sound instruments, garments, tables pots, plates, chairs and canopies etc.


Agriculture have proven one of the small scale business in Nigeria. In the recent years Nigerian government have empowered it's citizens to venture into agriculture.

Agriculture in Nigeria does not really require large capital to start because one an eventually start small and grow big.

Some of the profitable business under agriculture one can venture into includes poultry farming, pig farming, snail farming etc

4. Catering:

Catering is the business of providing food and other related services on special occasions.

A cater be a professional in the following fields e.g cooking delicious foods, Baking, Roasting etc.

Nigeria being a country known for different types of occasions I think catering should be considered a very huge market to be sold.

5. Decorations:

This requires one to find a professional decorator and become his/her apprentice for a while then when you become good in that field you can start your own decoration company.

Catering and event planning works well in this field too.

6. Tailoring:

Learn a particular fashion and design skill, get a sewing machine then you are good to go.

Some of trending fashion in Nigeria is the male and female designs this include Ankara, Agbada, Suits and others.

7. Cyber Cafes:

It is true that technology in Nigeria is fast growing but cyber cafes still is a profitable business as the need for people to photocopy, print out documents, browse etc is still ongoing.

All you need to do is setup your cyber cafe in a strategic location location so as to attract patronizers.


You can equally go and acquire photographing skill to be a professional. Customer love professional who will give them a very nice shot.

You can go to event and photograph and get paid.

9. Transportation:

Transportation is a very lucrative small scale business in Nigeria.

Very few people own vehicles in Nigeria therefore the need for transportation is on the rise.

10. Sports Viewing Centre:

Nigeria is a country that have too many sports lovers especially football and basketball. These viewing centres make lots of money everyday especially on weekends.

Above are the scale scale businesses in Nigeria that is lucrative to venture into and make decent amounts of many to sustain yourself and family.

Goodluck as you choose your most preferred smale scale business.
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Sunday, April 21, 2019

Investment Opportunities In Nigeria

Due to the recession in the recent years, many Nigerians have been seeking know how to strategically invest their money  wisely either actively or passively. If you are among these group of people who are looking for investment opportunities in Nigeria to venture into then I must say this post is meant specially for you, fasten your seatbelts as you're about exploring something that could change your financial status positively.

Top 5 Investment Opportunities In Nigeria:
Nigeria being the largest country in Africa with almost 190 million people living in it, there are many investment opportunities in Nigeria which is very lucrative to venture into and make lots of profits that could change you financial status, and these investment opportunities includes:

Beauty And Fashion
Beauty And Fashion have been considered a lot of time as a good way of investing money in Nigeria as there are so many people out there both male and female who have no other problem other than to look good, beautiful and appear positively influential. Therefore venturing into the Fashion can be highly profitable and may or may not require a lot of capital.

While speaking about Nigeria's economy agriculture have been one of the sectors that is boosting Nigeria's economy even up till date. There are different parts of agriculture that Is worth investing in Nigeria and these includes farming which can be subdivided into crop farming and animal farming which includes fish, poultry,cattle, goat etc.
They may appear stressful but believe me there is so much profits there which qualified it to grace the list of investment opportunities in nigeria.

Real Estate
Housing is one of the basic need of individuals (Humans) with Nigeria being a fast growing country real estate business can yield lots of profit but the problem is that it requires high start up capital when strategically done an it requires medium capital. The demand for housing is on the rise especially for Nigerians.

Private School
with the poor performance of commercial schools in Nigeria private schools is worth investing in because almost every parent wants to enroll their kids in a private school. Take advantage of this and build a well equipped private school at any strategic location in your state.

The surprising thing about ecommerce is that it requires low start up capital reason is because unlike any physical store you not even own the product you are selling rather know or have contact with the suppliers of the product so as to know how to get the product when the customer requests for the it. Ecommerce is a an investment opportunities in Nigeria seen mainly among online entrepreneurs in nigeria

Mini Importation
mini important simply means "buy and sell" for example you buy something at a low price and sell it at a very high price and makes decent profit. but this mini importation requires you buy a hot selling product this simply means a product that is popular and will not be hard for you to sell.

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Friday, April 5, 2019

40+ Hot Business Ideas In Nigeria

Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology
and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of
nominal GDP , and the 22nd-largest in terms of purchasing power parity . It is the largest
economy in Africa; its re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of
goods and services for the West African subcontinent. In addition, the debt-to-GDP ratio is 11 percent, which is 8 percent below the 2012 ratio.

Nigeria's main streams of income varies from cement , oil refining , construction and construction materials , food processing and food products, beverages and tobacco , textiles , apparel and footwear , pharmaceutical products, wood products, pulp paper products, chemicals , ceramic products, plastic and rubber products, electrical and electronic products , base metals : iron and steel, information technology ,
automobile manufacturing , and other manufacturing. It is through this main industries we brought out the most profitable business ideas in Nigeria.

We had to do a lot of research to come up with this list of profitable business ideas in
Nigeria. I bet to let you know that, these business ideas when carefully practiced as I’ve explained below can seriously change your financial and business life.

Are you thinking of starting a business in Nigeria? There are many types of businesses one can think of, from import and export to sale of mobile phones and offering professional services. But while all businesses do fetch some profit, there are some that are more profitable than others. Such businesses do not even bother about economic crisis; they continue making more money even as the naira falls against the dollar.

Requirement for Doing Business in Nigeria

Before you begin to go full venture into business, there are certain disciplines you should train yourself with. Among them are:

1. Your Financial Intelligence

Financial discipline among others is a key principle that is not thought in schools. The majority of those who really know it got that gift from their families. You need to have a sound financial management else you will fail in business. It’s a fact.

2. Quality Business Plan

It’s sad how most businesses startup without a business plan. What they don’t know they’re missing. A good business plan can open up all the opportunities that are available for your
idea. It does more than just become a written document. A business plan can even tell you whether to really pursue an
idea or quit it. All you need is a good business plan template like the one in the just mentioned link and you are good to go.

3. Good People Management
(Human Resource Management)

It is very unreal to start a business all alone and expect a bigger success than with a few people. No matter how your
idea is, you need a few, if not more people to be involved directly or indirectly. Because of that, you need to know how to easily interact with people
and get them to like both yourself and your business idea. This is very important because if no one buys into your idea or appreciates who you are, you’d be left alone struggling in the
mud. Now, it’s your responsibility to go fishing for the right team that can skyrocket your business growth.

4. Your Personality

Two people can start the same type of business at the same time, with the same amount of resources. At the end of a specific period of time, one would outgrow the other; definitely. That is when personality comes in. No two
people are the same in this world.
There are no two ways about that. What kind of personality have you developed or developing for yourself in the business world? Most great businessmen and women are born with gifts for business. They know how to get along with their business for big profits. If you are one, you’ll understand. If you are not, you’ll need to train yourself, learn more, do more research and you’d get there.

These are the top 40+ list of profitable Business
Ideas In Nigeria...

1. Blogging (Internet Business)

This is first on my list of the profitable business ideas I want to talk about.
Blogging is not for everyone. But if it may be for you, just like any other internet business, I urge you to go into it. Comparing the Nigerian naira to the
dollar which is increasing on a daily basis you can make a lot of profit from Google AdSense. If the dollar is now
350naira as at the time of writing this article, any amount you make in dollars is four times your currency.
You determine how much you make by how smart and hard you work. This is seriously a very rewarding business. Startup capital required: Low.

2. Banking

Banking is a very profitable business anywhere in the world including Nigeria.
I strongly believe that the banking system is making more than enough from the entire human race. Check out how banks create money from this link. It requires a lot of investment but it pays off in the end. Usually, it is best to start in the small towns and villages. Startup capital required: High.

3. Agriculture

Agriculture is wrongly practiced and perceived by most Nigerians. We have been made to believe from childhood that farming is for poor people. This is because, a majority of the farmers in
the country practice peasant farming – farming to feed their family only.
Meanwhile farming when done on a
large scale with the right methods can bring more profits than you can expect.
Don’t forget that the more you invest in a particular business, the higher the profit margin. If you have the interest in farming, I’d advise that you pursue it,
and on a large scale be it plantation, poultry, livestock, vegetable or fish farming. Startup capital required: Medium to High.

4. Education

Starting your own school may be quite difficult but a good step to financial freedom. This business is more of having a solid brand, providing quality
service, and having a good
management skill set. If you can really look after people’s kids well, I can assure you that you’d go into this and succeed. Though the beginning may be a bit difficult if you lack some startup capital, I still urge you to start. You can do it. Ibelieve that there is no mountain
so big for man. Whatever you dream of, you can accomplish it. Startup capital required: Medium.

5. Become A Film Maker

Everyone who is in any kind of trade and even political parties need people who can help them
attract target audience while telling creative stories via commercials. If you are a creative person with a passion to produce and turn scripts into ad films, you can offer ad film-making services in Nigeria.

6. Open A Comedy Club

In a survey conducted by an online doctor consultation platform namely Lybrate, it was
revealed that around 31% of working professionals suffer from worst stress in Nigeria as a result of long work hours, tight deadlines, missing targets,
office politics etc

Given the facts brought forth by the study, it is evident that these stress affected people need
strong doses of entertainment. You can provide them that while opening a comedy club provided you are emotionally intelligent.

7. Event Planner

Event management is comparatively a booming business opportunity in a country like Nigeria where
fast-paced lifestyle has made it imperative for people to hire event planners for organising and
handling events like weddings, conferences, ceremonies etc taking place all year round.

8. Open A Massage Spa

It is an open fact that where there is a stressful life, there are 101% chances for massage spas to flourish and Nigeria, as we know, is no exception. If you are a massage therapist, you might want to open a massage spa business in Nigeria.

In case, you are not a massage therapist, however, if you would like to be one then you must earn a massage therapy diploma from an

9. Massage Therapist

You may get the feeling that as a massage therapist you are better suited for a job rather starting your own massage spa. In that case, be informed that there is a huge deficit in the supply
of massage therapists in local spas of Nigeria.

10. Hair Salon

Hair salon, a low cost service related business, if located in a right place will never counter the slump in terms of demand in Nigeria. However, make sure that you offer pocket-friendly haircut
and styling services.

11. Open A Beauty Salon

Even a beauty salon in Nigeria or anywhere else in the world is worth opening since more and
more men are taking interest in getting groomed by beauticians working in beauty salons.

12. Home Beautician

You need not be worried if you aren’t in a condition or just feel it is daunting to open a
beauty salon as women particularly those who live a busy are increasingly preferring beauticians who can provide beauty related services at their

13. Recruitment Firm

With thousands of freshers in a bid to make a living searching for jobs and already working
people looking to switch to other companies for a better career, you can consider starting a
recruitment consultancy firm in Nigeria.

14. Sell Used Books

Even selling used books to students, especially those who bother too much about saving money, near educational institutions is a good business
opportunity in Nigeria.

15. Bead Making

This is just one of the numerous skills you can acquire with little or no difficulty. Many of us even have relatives and friends that already have the skill. The cost of making a bead
necklace might go for as low as #300 and you can sell this for as much as #1000. That’s 70% revenue. Just think about it.

16. Sports Center

The number of sports fans in Nigeria just keeps increasing by the day. You have a fallow piece of land in your area that is free for use? There are many youths passionate about sports in that area, and there is no sport viewing centre? That’s an opportunity. Take it. Sport viewing center is one of the best business ideas in Nigeria.

17. Petty Trading

Very likely there are many persons doing that around the place you stay. But competitions
only arise when you are doing the same thing others are doing. Look around, is there something they are not selling or you think they
sell but you can improve the packaging? Go for it. It might be provisions, clothes, electronics

18. Phone Repairs

This is a wonderful opportunity to delve into people’s ignorance.  I must tell you, that phone repairers are making it in Nigeria. Learn phone repairs and make a fortune.

19. Barbing Saloon

This is one more profitable small scale business. The beautiful thing about running a male or female saloon is that what you spend most times is just the skill. The starting capital
to get the equipments is the basic cash you may need to spend, unless you want to service
them of course, or need fuel for cases of power outage.

20. Photography

This is equally a skill you can learn and use it to get yourself paid well. All you need is a
camera, sometimes a studio and the necessary skill, and you are good to go.

21. Game Centre

Do you have youths in your place hanging around most of the times and looking like they can do with a source of entertainment? You can open up a game centre and keep them occupied. You keep the community safe and your pocket safer.

22. Food Production

There are many foods, snacks, drinks e.t.c that are not really difficult to learn how to make and are in high demand by people around. Plantain chips, jams, fruit juices, ice cream, yoghurts
e.t.c. You can even own a bakery.

23. Catering Services

You are skilled in baking cakes, making chin-chin, other cookies and fries? Transform your skill into cash through catering services. You have a large prospective customers’ base.

24. Tutoring

This is another well paying job, either as part-time or full-time. If you are versed in a subject
and have a passion for teaching, why not approach those you know needs the service.
Many families are willing to spend what it takes for their children’s success.

25. Consultancy Service

Each and every one of us has unique gifts and talents. You might be a good public speaker or
a good motivator. Why not let people know about your passions and skills and you can get hired for seminars and workshops. Letting your head get you the cash.

26. Rental Services

You can rent out canopies, chairs, tables, garments e.t.c to people needing it. The good
thing is that you just have to maintain them. They keep getting you the cash.

27. Car Wash

Water and soap and you are good to go. If possible you could even get the car washing machine and it makes it wall the more easier.
It’s also a very profitable adventure.

28. Laundry Services

Another nice business idea. With the advent of technology you don’t even have to use your hands, a machine can do it for you in the twinkle of an eye and gets you cool cash.

29. Fashion Design

Acquire the skill, get a shop and a machine and you are good to go. Let’s say you can make the design for both sexes, that is a huge

30. Sales Of Phones And Accessories

This is equally another small-scale business that is popular in Nigeria today and very profitable.

31. Computer Repairs

Same as phone repairs, this is also very rewarding. People have little idea about technical areas of computers and that is something you can exploit.

32. Cyber cafe

Forget the extensive coverage of internet and the fact that many persons can assess it on their phones; this business is still a very marketable one.

33. Bars And Restaurants

Nigeria’s schedule is very demanding. People are always on the move. Fast food joints do wonders. Try it.

34. Sachet Water Business

Arguably one of the most consumed
commodity in Nigeria, if not the most consumed. You can also find your niche here. Sachet water business is one of the lucrative business we have in Nigeria.

35. Daycare Centres

You have a great interest in babies? Everyone wants a daycare and will pay to ensure their kids are well taken care of. You might try this.

36. Road Side Vendor

Don’t be too quick to ignore this. What matters is the packaging you give it. Believe me there are many things you can do to stand out among the rest.

37. Tie Making

This is also a skill you can learn and use to make money. It can be acquired in less than 3

38. Computer Centre (Cyber Cafe)

This can be integrated with a cyber café or stand alone. All you need is to get the items
needed once and for all and you are good to go.

39. Decoration

You have a good taste for decorations and designs? And a good manager of events? You can equally make that a profession.

40. Entertainer

Now make sure you have the talent before going into this. You can be an artist, a comedian or even a DJ. If the talent is there, it’s very enjoyable, you just do what you love doing and still get paid for it. Nice.

41. Shoe Making And Clutch Bags

Here also, all you need to do is learn the skill and you are good to go. If you are good at it
you could make a lot of fortune from this. Why? Because you have lots of potential customers.

These are the major 41 Business Ideas In Nigeria.. Invest Today And Enjoy Tomorrow!!!
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