With the current trend of happenings in Nigeria, everyone is looking for highly profitable businesses to start in Nigeria. Nobody wants to be tied down by their jobs or keep answering “yes, sir” and “yes, ma” all the time.
The desire of many individuals including you (and I am absolutely sure my predictions are right) is to get their own businesses and end the tyranny of being answerable to someone.
I once saw someone reading a book and its title was “How To Fire Your Boss and Hire Yourself”. We desperately would want that too -firing your boss and hiring yourself – but we are likely to fail at it if we do not find highly profitable businesses to start.
There are a lot of demands the average Nigerian faces on a daily basis. Demands arising from family both nuclear and extended, demands from work, demands from society, and so on. Today, inflation in Nigeria has experienced a serious hike.
Electricity tariffs have been increased and the cost of food has increased as well.
All of these are because the price of crude oil has also increased thanks to the removal of subsidy. With more demands on the average Nigerian and less income, greener pastures in the form of better income streams are sought for.
The search for more income streams has caused many to be swindled and to partake in schemes devised by fraudulent individuals and cybercriminals. We have heard of smart contracts, cryptocurrency, money-doubling schemes e.t.c
Oftentimes, I get perplexed when I see people being gullible falling for the tricks and lies of unscrupulous individuals who desire to rip them off their hard-earned money. To cure the “madness” and rage for money-making, we have compiled this report on highly profitable businesses to start and make money in Nigeria.
It is important to note that money does not grow on trees and no one picks up money from the floor anymore (I wonder if they did cause I never picked up any).
Also, there is nowhere they double the money and most importantly, there are no platforms given out free money.
if you do not work for your money, do not expect any. Money is most times the compensation for a job done or a service rendered or a product sold. Without further ado, let’s delve into the very essence of this piece – highly profitable businesses to start in Nigeria.
5 Profitable Businesses To Start and Make Money in Nigeria
The following are 5 highly profitable businesses to start in Nigeria and become your own boss:
- Poultry farming
- Event equipment rental
- Football viewing center
- Dry cleaning services
1. Poultry Farming
The first business on our list of profitable businesses you can start and make money in Nigeria is poultry farming. This business assures great returns and yield.
I believe you know what poultry farming is about. If you don’t, it is simply the rearing of domestic birds for profit or personal consumption.
During seasons like Christmas, Easter, and New Year, families try to buy any of these poultry birds to celebrate the Yuletide seasons.
Also, eggs are a part of our recommended diet and they are in high demand by all and sundry for their daily dieting needs.
You can set up a poultry farm to raise these birds to sell them when they are matured or to sell their eggs when they lay.
Whichever way, a poultry farm is a profitable business to start and make money.
2.Event Equipment Rental
Even in the heat of the Covid-19 lockdown, events were held all over the country. Not everyone has got all the equipment needed to host their event successfully. We all resort to renting this equipment.
I remember when we tried to host a concert at my student’s fellowship.
Renting the equipment we needed for the concert took close to 35 percent of our expenditure. The rental guy had fixed prices and he was not ready to shift grounds. And we, being desperate and running out of time, had to pay him well.
You can start an event equipment rental business and make cool money. By getting equipment such as speakers, power amps, microphones, canopies, turntables, and so on you can begin your journey to a steady income.
It sounds funny to add blogging as a business right? Well, it is not. In fact, the reason why many persons who blog do not make money out of it is that they do not treat their blog as a business.
Blogging is a very powerful tool to make money. The only hindrance is the approach you take in its direction.
To make the most out of a blog, try niche blogging.
By niche blogging, you blog about things related to a particular niche. In this way, you can sell your product and/or services using the blog and make a lot of money.
For instance, you can start a blog on e-commerce. Write posts about a particular product and in the end, sell the product after establishing yourself as an authority in that niche.
4. Football Viewing Center
I have found this a very profitable business to start and make money without stress. In my area of residence, there are up to 4 football viewing centers making money comfortably.
Almost every Nigerian youth is a football fan and matches are played every week as long as the season is on. The average cost per head in a normal English Premier League match is 100 naira. This price skyrockets if there is a final match to be played.
In a week, you can make between 10,000 to 20,000. There is no limit to how much you can earn. No, there is one, how big your viewing center is. For more profit, set up your viewing center in a place with a large concentration of youths.
Campus environments are the perfect place for such. Most students do not own DStv decoders and they have to depend on viewing centers to watch their favorite team play.
5. Dry Cleaning Services
Due to some person’s busy schedules, they are unable to carry out their dry cleaning needs hence they outsource dry cleaning services. Others being lazy, head to laundry shops to get their clothes pressed.
During my days in the polytechnic, I made some money from helping my friends to press their clothes. The money I earned from my laundry services helped cushion the financial strain of being an undergraduate.
You can also make money from dry cleaning services if you have the skills. People will readily outsource your services if they need to get their clothes cleaned and ironed.
Instead of running around looking for get-rich-quick and money-doubling schemes, get to work and build yourself a highly profitable business.
I often preach this doctrine and I would like to say it here again – There is no free money anywhere!.
You must work to earn your money.
So, which of these 5 highly profitable businesses to start and make money in Nigeria makes sense for you? Tell me in the comments section below.