10 Businesses you can do, if you really desire to be rich in Nigeria

1.Real Estate

The real estate business in Nigeria is huge. The Country, Nigeria has a population of about 200 million with about 17 Million housing unit deficits,then smart investors will know that it is a fantastic sector to invest, coupled with the fact that shelter is one of the basic necessities of Life. 
Besides, properties are expensive in Nigeria most especially in Lagos, you can buy cheap landed property or house and sell it double the price in about six months or a year.

Really, any aspect of real estate is profitable in Nigeria.

 

2.Finance 

Nigeria is still grossly under-banked and access to credit and financial solutions are still largely not for everyone but the few. So the market is there especially the retail end, though a lot of the financial institutions are looking towards that side, but with huge population there is still room for everyone that is interested to invest and play in that sector.

In fact, some Nigerian Billionaires made their fortune from financial business, which should tell you volume.

 

3 Oil and Gas 

Nigeria as a country is Oil rich. No 1 to 10 richest Nigerians are mostly into Oil business. Anything oil and gas business is good –upstream or downstream in any capacity, you can always make good money.

 

4.Telecommunication

Telecommunication is another good area because people need to communicate that is why you see recharge cards dealers everywhere. It is said that over 125 Million Nigerians are GSM subscribers.

So at any level you play providing related services to 125Million people then you know that is a multi-billion Naira market.

 

5.Commodities

These are essentials all sorts of commodities- soap, toothpaste, sugar, salt, toothpick etc. In fact this business is unbeatable. No wonder Aliko Dangote is a billionaire.

You can start right away, look for wholesale suppliers or source all over Nigeria, repackage it and start selling to millions of Nigerians.

 

6.Internet Business

Anything on the internet is worldwide – founders of Google,Yahoo,Facebook,Amazon,Ali Baba etc are all Billionaires. The reason is because they are serving billions of people around the world. Even Nigerian Internet Entrepreneurs are making good money. You can start a blog, an online store, dating website etc.

 

7.Transportation

In Nigeria good transportation is a big challenge. The transportation system is so poor because most of vehicles are managed by the illiterates, the vehicles are bad and customer service is poor. The government investment in this sector is also not enough. Investment in this sector is 100% percent return guaranteed if you manage it well. Either you are investing in haulage, Taxi or shuttle buses.

 

8.Energy Business

Energy business is also a good one. Especially power associated business like Inverter sales and services, Solar power business, rural electrification, power related product sales like meter, cables, transformers, electricity cards etc. Whichever area you can play to provide service, because this sector is highly lucrative and it is an essential service business.

 

9.Construction

This is another good business. If you are a civil engineer or a builder you can start a construction firm if not you can be selling construction materials like Cement, Tiles, Doors and so on

 

10.Agriculture

This is it. Right now in Nigeria Farmers are now making money especially the ones that are exporting their products. Nigerians are now awake to the huge potentials in this sector and the present government is paying unprecedented attention to the sector. I tell you it is a money spinner.