10 Fast-Moving Businesses in Nigeria
Nigeria is a hard place for you to survive and there are so many things set out to frustrate you. You can’t just start out any business of any kind in Nigeria otherwise you will get burnt. If you are smart, the opportunity is still there provided you can think enough about the fast-moving businesses in Nigeria.
The gap between the rich and the poor in Nigeria is much. Even if you can’t be rich, you can live comfortably. Nigerians are hardworking people they like seizing the opportunity whenever it arrives. With the state of the economy and the unemployment rate, business is a very good thing to consider.
There are businesses that are in demand, the market is already there for anyone who goes in. In this post, we share with you the best fast-moving businesses in Nigeria.
Read Also: How to Start a Business in Nigeria
Top 10 Fast-Moving Businesses in Nigeria
Agricultural Production
Agriculture is forever in high demand, no country can live without farmers. Agricultural production is and has always been one of the fastest-moving businesses anyone can do. If you can get your hands dirty and produce crops, people want to eat. It’s a very lucrative business. You can get involved with livestock, fish, poultry and fruits. These are in high demand.
Manufacturing
With the ban imposed on the importation of some basic needed commodities, the opportunity is there more than ever. If you can produce cloths, soaps, and liquid washers; the market is there for you to thrive.
Real Estate
Talk about lands, houses and properties; these are fast-moving businesses in Nigeria. Lands appreciate exponentially. If you can secure some good acres of land, you can sell them for double the original price next year.
Properties are in high demand as well. There is always someone looking to rent houses. Landlords have an investment for life in the houses they rent out.
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- How to Start a Business in Nigeria
- How to Obtain Business Loan from Development Bank of Nigeria (DBN)
- All States NYSC Secretariat in Nigeria: Addresses and Contact Details
E-Business
The internet is not going away anytime soon, in fact, it is getting better and better. From the comfort of your home, you can become a millionaire through the internet. There are many thriving businesses you can do online if you have the right skills. You can go into website development, applications, bulk SMS and many more. The market is there for you.
Photography
If you learn the craft of photography very well and you are good at it, you will be in high demand. People take a lot of photographs, there are pre-wedding shots, birthday shoots, event shoots, and just all kinds of projects. Good photographers are always in high demand.
Facility Management
Nigerians have a bad maintenance culture. It is one thing to set up a facility in Nigeria, it is another thing entirely to maintain it. Facility managers are in high demand. People are too busy to look after some properties and would have a manager do that for them.
CashBack
POS Business: This is one of the fast-moving businesses today, all you need to do is go to any bank of your choice and do all the necessary documentation. Get your POS from the bank, fund your account, and start giving out cash to everyone in need. Look for a strategic location, especially areas where banks are a bit far from the residence. Some prefer to do this business in the marketplace. If you can deal with the influx of customers, then the market is the best place for you. You charge your clients per withdrawal or transfer and, at the same time, get a commission from the bank you registered with.
Home Appliances
People always buy home appliances like fans, TVs, home theatre, washing machine, cookers and lots more. If you have a shop for this in a strategic position, you are guaranteed to make a lot of money.
Logistics
The business landscape is steadily shifting in Nigeria. Gone are the days when you have to go to stores to pick up products. Logistics business is one of the fast-moving businesses in Nigeria, people always buy things and want them delivered to their doorstep.
Transportation / Uber / Bolt
Transportation is key for every one of us, we want to be able to move from one place to another easily. The Uber and Bolt business is a lucrative one, you can start with your own car or hire someone’s car and deliver a percentage of profit based on the agreement you have.
Another one is inter-state traveling, register with the right authorities in your locality and start making money.
