Business Opportunities In Nigeria

Business Opportunities In Nigeria

As a business person or say an entrepreneur who resides in Nigeria, I would like to know, have you ever thought of the numerous untapped businesses in Nigeria? Or let me put it in simply terms, have you ever thought of cheapest business to start in Nigeria today? I think the latter must have crossed any serious entrepreneur’s mind, especially if they live in a third world country like Nigeria.

Without a doubt, operating a business venture in Nigeria can be added to top 10 most difficult things to do, this is because when you consider the ease of doing business in today’s Nigeria, you see the everyday hustle and then the heavily imposed government and other tax that can frustrate any business.

Haven said the above, today’s Nigeria can only survive by entrepreneurship, this has become inevitable due to that fact that the country is still experiencing low economic development, and one of the few ways one can survive in the country is through personal struggles, hence the need to always have a bright business ideas, most times people prefer to seek for the cheapest business venture in Nigeria.

Note that having a business idea which is “cheap to start” doesn’t mean it will be viable, viability is the core component of setting up a business venture, it could then be seen as one of the business opportunities in Nigeria, however, it is important to know that these doesn’t really apply in all circumstances.

In taking a look at the business opportunities in Nigeria, I have decided to make a list of top 5 businesses that are relatively cheap to start in Nigeria; below are the businesses

Some Of The Cheapest Business Opportunities In Nigeria

1. Recharge card business – Up until now, this business has been the business almost every graduate dives into, being cheap doesn’t mean you wouldn’t need to finance the start up, you will still need to buy the recharge card from the telecommunication outlets, pay for a space or alternatively get a table and umbrella, a stool etc..
2. Pure Water Business – This business entirely depends on your financial capacity, it could be big and it can be in a small scale, it depends in the business owner, subject to growth, you could expand to bottled water business.
3. Poultry farm – This is possible if you decide to go small scale, I’ve seen small scale poultry farm, however, I cannot for sure estimate the cost of setting up one of the small scale poultry business.
4. Car Wash Business – This has to be on the list too, get a space, get your washing materials and tools ready and you are good to go, no formal training required.
5. Mobile food vendor (Mama Put)

Other worthy mentions (cheap businesses to start in Nigeria) includes the following;

1. Fruit juice making
2. Barbing saloon etc

On another post, I will be discussing at least 10 lucrative businesses one can start in Nigeria.