We live in a period of exquisite taste in fashion. There have been a surge in demand for phone repair services in recent years. Going into transport business in Nigeria is a viable proposition since the market is there for you and beside, those in the business already are racking handsome profit. This is the reality for people with high end cars who would prefer more personalized service. There are even some businesses that could be started for less than N10,000 or N15,000, so capital really shouldn’t be so much of a stumbling block that would stop any serious entrepreneur from starting small and building a profitable business in Nigeria. Here are 20 lucrative business ideas one can look into if interested in investing in Abuja in no particular order: 1.Hair salon/barber shop. As an investor, you may also be required to garner some training on how the art is done. For a lucrative hotel business, an entrepreneur must site the hotel at the centre of the city – the heart of the city where everything modern can be found. Free Wifi. It is the dream of every parent that their children becomes the best at whatever they do. Yet the budgets for education doesn’t experience and equal rate in growth. You may also have to get a business licenses, and safety compliance standards. Note: There exist a misconception about fashion designers. Each of these footwear costs at least ₦3,500 for the slippers and up to ₦28,000 for handmade shoes. To the point of developing an obsession with it. The most successful businesses in the world with an idea, so was the most disappointing. Reply. Another way to penetrate the market is to improve your skills. Even so, you can read our article on how to make money online to get more internet-based businesses. 74 Business jobs available in Ibadan on Indeed.com. Transportation business is a very lucrative business in Nigeria if not for bad drivers! It has its capital as Ibadan and fortunately Ibadan is a premier state and is one of the largest cities in Africa. Laundry and dry cleaning services. By my penultimate year, the number of food vans increased to three. Additionally, while some repair jobs require a completely equiped auto shop. A lot of persons would prefer to get their car fixed right where it got bad, instead of experiencing the inconvenience of having the car towed to a mechanic workshop. What is the best business to do in Nigeria? Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. This business is very lucrative in Nigeria, But not many people have an idea about it. This is no thanks to the bad economy management by the various governments. Since it doesn’t require any initial capital outlay to start, it is one of the most successful businesses in 2020. Its indigenes are predominantly known as the Yoruba people. Starting a business in Nigeria may be a bit difficult, especially if you are a bit confused about what business to venture into. Since most people would want to get their gadgets fixed as soon as an issue arises. There is no limit to what you can achieve from this Lucrative Business In Nigeria once you begin. Decide on Type of Poultry Bird. You too can think to start an industry like this. Lucrative business Ideas In Nigeria. And you do not need to invest a huge sum of capital to begin. Hence, the need for a mobile eatery. An evidence of the surge in the number of cars on the road is reflected in the bad traffic experienced on commute. A good number of customers would prefer this due to the comfort and convenience it brings. A good physique and some knowledge about fitness and physiology would send the signal that you’re an expert. The products got from this venture can even be exported to other parts of the world. Now that you have an idea of the type of businesses to likely invest in Oyo, then it becomes important that you know how to go about raising the required start up. There are several garages in Oyo state and these garages have vehicles that tour different parts of the state, as well as outside the state. Fashion Design7. Find out ways to raise capital, save, protect your income, and shrewdly spend financial resources. Lucrative definition, profitable; moneymaking; remunerative: a lucrative business. In this booklet, we will examine the major challenges facing running a profitable business in a depressed economy, and propose remedies for them. Provided you have the technical know-how, time and transportation, then IT support is one of the most profitable businesses available for you. You can make your services available for request on social media and eBusiness websites to broaden your audience. Also, in places like Ibadan and Ilorin, the cost of membership is considerably low, and goes for as low as 10,000 Naira. In view of the foregoing, electronic repair services is no doubt one of the most profitable small businesses in 2020. Then request for a fee in exchange for the work. You can turn your love for fitness into a career without the need of large capital investments. Women are also rapidly embracing haircuts that where once solely associated with their male counterparts and vice versa. You can as well add the sales of accessories to it. Fortunately, you can watch some fitness tutorials on YouTube or sign up for a fitness course on Udemy. Adis Hotels Ibadan. Ibadan Business School (IBS) RC: 972642 was incorporated on the 17th day of August, 2011 under the Company and Allied Matters Act 1990 of the Federal Republic of Nigeria with the primary objective of promoting the growth and advancement of business … Most parents interpret success in school to mean that the child will become successful in life. If well plan, it is a good and profitable business venture. There lies a business in demand in Nigeria. Or perhaps you are talented at branding businesses. 2. Make-up Services Car Wash Services9. Many people would pay a premium for a mobile car wash service that came to them, instead of having to drive across town to access a car wash. If you’ve developed valuable skill sets or certifications within your industry over the years, consider putting your skills to use in your free time by offering your consulting services to local business owners as potentially lucrative side business ideas. Students and lecturers patronised them a lot, because they erased the inconvenience that comes with driving down to the cafeteria for lunch. You can blame anyone though, because rice is just too versatile a food. Transportation business in Nigeria is still growing with the increase in population which is estimated at about 180,000 million as at 2018. Your suggestion is always welcome. Hence, making IT support one of the businesses in demand. Phone, laptop and plasma TVs repair services are businesses in demand. Now you’re confident that you have crossed all the ‘t’s and dotted all the ‘i’s. Poultry business is another lucrative business opportunity particularly for the eggs whixh is a staple in the average Nigerian diet. As said initially, running a profitable business at this time is a function of business management, which would depend largely on the entrepreneur's l. … One paramount thing to note is where to get the best supplies at the best deal. Yet, this doesn’t make it any easy to become one nor a successful one ay that. As always, consistency, determination and creativity is necessary to succeed in any business venture. There are plenty of industries that are into one food processing or the other. We use cookies to maintain and enhance your viewing experience. Building material rentals. In a metropolitan city, an average barber receives over twenty customers in a day. Also, you can organise group classes in community centres like a stadium or golf course, after obtaining a permit to utilise the premises of course. It can be started as small business from home with little capital investment and then grow into a large laundry firm. Reply. Required fields are marked *. If you have a penchant for mobile phones, then you may want to consider starting a phone repair business. Ibadan’s beginnings are shrouded in mystery; they were recorded only in oral tradition. But as a new startup owner, you might struggle to qualify for traditional business loans right off the bat. Best Dining in Ibadan, Oyo State: See 225 Tripadvisor traveler reviews of 31 Ibadan restaurants and search by cuisine, price, location, and more. This poses a business opportunity ready to the taking. For a lucrative hotel business, an entrepreneur must site the hotel at the centre of the city – the heart of the city where everything modern can be found. Lucrative definition is - producing wealth : profitable. There some rich clients that may prefer private sessions, even as they come to the fitness centre once in a while. Do you have a knack for fitness? Nigerians both home and oversea are beginning to wake up to the huge potentials in Agribusiness, a sector we have been neglecting over the years due to the discovery of oil. Do you have a skill that could be easily taught to young students? It isn’t compulsory that you must always render your service in a gym. Since most of the businesses highlighted in this list aren’t capital intensive. Every business (small or large) require some amount of graphic design at certain periods. Save my name, email, and website in this browser for the next time I comment. Firstly, the businesses presented on this list are not the only profitable small businesses in Nigeria or anywhere else in the world. Top 10 Most Profitable Businesses in Nigeria (2020). Begin formulating plans that help you succeed, and implementing those plans accordingly. To reduce overhead cost you can keep the business mobile. However, you have to be sure that you get a befitting shop, as well as make your shop attractive for people to come in. At the same time, you would also get the unique benefits of being mobile. Do you live in a metropolitan city? You can start this business right from your home with small capital like 50k. With the high rate of unemployment in Ghana, a lot of people are left without jobs. (especially of a business, job, or activity) producing a lot of money: 2. Poultry Farming: You may find it hard to believe but it is true. Start this business and you will enjoy the fun & income that comes from it. 1. Don’t forget to share your testimonies in the comment section when that happens. The International School of Ibadan (ISI): Established in 1963 by the management of the University of Ibadan, ISI is one of the first private schools in Nigeria providing learning platform for children within Nigeria and beyond. As always, you can also broaden your audience by offering you services online. Lawmaker trains 110 constituents on Entrepreneurial skills in Ibadan, gives start-up funds. It is evident that graphic design is one of the businesses in demand. This list would incomplete if rice farming isn’t started. Electronics Repair2. This is somewhat a misconstrued assumption. … In this article, we will be looking at some lucrative business ideas that anyone can start in Ghana in the year 2021. Cleaning – laundry services had been in existence for decades now also need to … list Top., save, protect your income, and shrewdly spend financial resources developing metropolis good enough also consider leasing land. And there and you do not have the information and the idea I believe you should be seeing a opportunity. Nigeria 1 required to garner some training on how to make matters worse, the price of rice in today. Months of training to succeed in any of the day, all have... Like art, athletics and music have being significantly impacted entrepreneur, Real Developer... Business you ’ re a relatively patient person would like to make money drawing... Reality for people with high end cars who would prefer more personalized service it is for that that! 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