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Forget traveling to Europe here are the business that will yield you millions of Naira in 3months

Your business planning begins with a thought which is one among the items we all know the way to give best on this site – ideas and many of them. Are you brooding about starting a business in Nigeria but don’t know where to start out from or which business to take a position your money into to form profit? Here are the highest 20 most lucrative businesses in Nigeria you'll invest your money if you think that you're good at managing business

This list of business ideas in Nigeria is formed from authentic business ideas, not just a few randomly selected junk businesses, they're time tested, carefully selected, high performing businesses you'll stake your hard-earned capital on and make certain of creating profit. These businesses are up so far and relevant in 2016 and beyond. But before we proceed, i would like us to seem at a number of the vital reasons you want to start a business in Nigeria today.

Why you want to Start A Business In Nigeria Now

The reasons why Nigerians are fleeing their own land that's flowing with milk and honey to scavenge in another lands that doesn't have half the opportunities we've here is just difficult to elucidate . Why would Nigerians leave the huge business opportunities in their land and prefer to travel far and wide to slave, leaving the wealth back home for South Africans, Lebanese, Indians, Chinese, even Egyptians to plunder?

Most of the present fastest growing businesses and corporations in Nigeria are owned by the foreigners. we would like the equation to vary , undergo the infograph below, see why Nigeria is that the Africa’s laboratory for business and start to require the chance .

Now that you simply are able to go, click on any of the business ideas and further read the detail about the actual business of interest. And just in case you would like additional help, you'll drop your question or comment under this text or any of the respective articles for further expatiation.

List Of Top 20 Most Lucrative Business In Nigeria

1. Agriculture 

This is subsequent revolutionary industry in Nigeria where millionaires are currently being made. Nigerians both home and oversea are starting to awaken to the large potentials in Agribusiness, a sector we've been neglecting over the years thanks to the invention of oil. Now that the oil is dehydration , people are starting to check out other sectors of the economy to make wealth. Below are a number of the farming in Nigeria that are serious making profit for people now:-

Poultry Farming

This business is making average Nigerians rich. it's so lucrative that even outsiders are coming in to take a position in poultry farming the business in Nigeria. And why not, during a country of quite 150 million people, what would you expect? If you begin with 1,000 birds and manage your poultry farm properly, when the turnover on investment begins to return , you'll be making millions of Naira annually.

Cassava Production

People are starting to turn their attention to the present aspect of farming in Nigeria that are neglected for years. Cassava derived foods are a number of the foremost consumed in Nigeria. If you'll invest in cultivating 50 – 100 Acre during a fertile area like Ondo State, your harvest are going to be great.

Snail Rearing

Snail farming is one among the selection Animal farming for several reasons. it's a coffee capital investment with high yield and therefore the market is big. There are few people currently doing this – and most of them do it during a very low scale. If someone invest heavily in Snail farming, he's bound to observe money in Millions of Naira within a year.

Rice Farming

Rice remains the foremost consumed food staple in Nigeria and Billions of dollars goes into importation of this product yearly from China and Thailand because the local farmer are unable to satisfy up the demand thanks to poor funding and limited knowledge. 

2. Sale of Furniture

Buying and selling of Locally make furniture may be a goldmine. You don’t got to be a carpenter to try to to this, just arrange for normal supply from reliable Carpenters while you display and sale in your showroom. it's a really business in Nigeria as only few can afford the imported designers.

3. Making of fruit crush 

Nigerians drink fruit crush quite the other people. That’s why companies like La Carcella and Chivita who came into the country as nobody are today making billions of naira annually. This business in capital intensive but if you'll afford it, it’s well worthwhile .

4. Pure Water Production

You know how popular this is often in Nigeria and the way many who are dispensed daily. Though this business is capital intensive but well worth investing into, especially if you'll manage it properly with professionalism.

5. Oil and Gas Business

We are blessed and stuck with huge deposit of oil in our land which presents a number of the best business opportunity for Nigerians and Foreigners. Owning a petroleum gasoline station , Supplying of Diesel, and Distribution of Kerosene are some the areas you'll invest easily and observe money for yourself. Petroleum product marketing are making millions for people and creating millionaires in Nigeria for years.

6. Haulage Services

The cost of taking a truck from one place to the opposite in Nigeria is between 20,000 Naira to 200,000 Naira per trip. thanks to poor rail transport system, most of the Nigerian goods are transported through the road, making haulage business in Nigeria a viable one. Petroleum products haulage and movement of products from manufacturers and importers are the aspect of haulage in Nigeria that's very lucrative now.

7. Hotel Business

This is probably the good money making opportunity in Nigeria. Invest in small scale hotel of just 10 suites and watch because the money flows in. This has nothing to try to to with tourism boom of any kind; there's just something in Nigerians system that make this business very lucrative – Nigerians are jolly people!

8. nutriment Eatery

Eatery business is another goldmine though poor management can kill it death! If you would like to travel into this business, make certain to urge everything right and don’t forget it’s a touch capital intensive and requires good management skills. But if you get everything right, free money is yours.

9. Importation Of Tokunbo Spare Parts

If you're in USA, Germany, or Denmark, this business is particularly good for you. Don’t just keep importing exotic cars, gather tokunbo spare parts in containers and ship it right down to Nigeria. there's huge marketplace for used (tokunbo) spare parts in Nigeria.

10. Investing in Property

Property appreciate everyday in Nigeria. Right now, Nigeria is one the countries within the world where landed property is costliest . If you purchase land now anywhere in Lagos, you're bound to make 100% profit within two years. you'll buy and quickly resell and make profit. otherwise you buy keep and sell later.