Finance

Most Lucrative Businesses in Nigeria

Most Lucrative Businesses in Nigeria
Most Lucrative Businesses in Nigeria.

1. Oil and Gas business
The simple truth is that Nigeria and to a large extend, the world, still depends on oil and gas. As long as this trend continues, this business will continue to dominate. Oil and gas is definitely king among the most lucrative businesses in Nigeria.

Look at this way, we depend on gas or kerosene to cook. We depend on fuel to move around whether we are using cars, okada or Keke-napep. And because of poor electricity supply we depend on fuel for electricity. All the big and small companies in Nigeria depend on fuel or diesel to operate.

There is too much dependent on oil and gas. And Nigeria is blessed with an abundance of it. Anyone who taps into this business will be making a huge income.

2. Agriculture business
Apart from being one of the most lucrative businesses in Nigeria, agriculture business is an evergreen business. It never gets old and never fade. As long as human exists, agriculture business will continue to strive. This makes it a very important and strategic business.

One thing that makes this business so attractive is that there are lots of loans or financing options available for agriculture entrepreneurs in Nigeria. We have a dedicated Bank of Agriculture operated by the Federal Government through the Ministry of Finance, Central Bank and Ministry of Agriculture.

3. Food business
There is no way food business will not be among the most lucrative businesses in Nigeria. This is an evergreen business. People will always eat! No matter how hard the economy is, one thing people can never do without is food.

This is a business that, if you run well, can make you rich. It is also very easy to win loyal customers. As long as your food is delicious, people will always come back.

If you can find an excellent location, acquire the right skills and personnel, you can run a successful food business. This is a business without season. It is in demand every day.

4. Blogging Business
Blogging business has definitely earned its place among the most lucrative businesses in Nigeria. More and more people prefer to read news online than newspapers. Gradually news blogs are replacing newspapers for many people. This has open enormous opportunities.

Bloggers make money through direct advertisement, ad networks, affiliate marketing, product sales, sponsored post, partnerships and many more. On average, high end bloggers make over 20 million Naira every month in Nigeria.

Blogging is easy to start. With a very small capital. To start a self-hosted blog will cost you about N4, 000 for domain name and N27, 000 for hosting for a year. You pay both for a year. That is just less than N35, 000 to start a business that can make you 20 million every month.

5. Real Estate business
Real Estate business is one of the most lucrative businesses in Nigeria and anywhere in the world. There is no doubt about it. People will always need a roof over their head. As population continue to increase, real estate business will continue to boom. As people move to cities, this business keep booming.

There are many opportunities in real estate business. You can work as an agent. Helping people find properties and an apartment for a fee or commission. Also helping property sellers and landlords find buyers or tenants for a fee.

You can develop properties in highly sought after environment for sale or for rent. You can also invest in lands and either develop or sell when it appreciates.


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