This blog post is all about the top 10 business idea in Nigeria 2021, if you are in your 20s or 30s starting a business is one of the best decisions that you can make because there is no job opportunity like before in Nigeria. It is very important to do proper research before starting any business, especially if you are going to invest a huge amount of money.
Proper research will help you to understand at least 80% of the business, one of your business research should be a business idea, you need to take your time to research for the best and most profitable business idea so that you can invest in it because there are numerous business and only a few are profitable although all business is profitable but some make more profit than the rest.
If you are looking for the best and most profitable business idea in Nigeria to invest in in 2021, then, this is the right blog post for you. Make sure you read today so that you understand everything about the top 10 business ideas in Nigeria.
Top 10 Business Ideas In Nigeria
1. Importation Business
Over 90% of items that are used in Nigeria every day are imported to the country, you can start an importation business with 200,000 and above. Make sure you do proper research about what the people really need and import it for them. Thousands of Nigerians are making millions of naira in the importation industry, you can import mobile phones, laptops, shoes and bags, generator, car, television and all other items that millions of Nigeria can’t do without.
The most interesting part about importation business is that you can send even without renting a job you can take advantage of the internet to sell on social media and the available e-commerce platforms like jumia, jiji and the rest.
Importation is one of the most profitable business in Nigeria if you do proper research and buy quality products from reliable source.
2. Vegetable Farming
No one can do without food at least twice in a day in Nigeria, currently millions of Nigerians especially the youth don’t want to be a farmer, they all want to work in a corporate company yet we need food to survive in Nigeria.
You can take advantage of this to invest in farming because there is no competition at all, aside from that there are numerous loan that are available from the government and non-governmental organisations for farmers.
Vegetables is one of the most profitable crops that you can plant and make huge amount of money within short period of time. Cucumber, watermelon, bell pepper, yellow pepper, onion and others. Vegetable farming is profitable because you don’t need good amount of money to start aside from that you make your profit within 60 to 90 days of investment.
3. Foodstuff Distribution
Foodstuff distribution is one of the most profitable and fast money making business in Nigeria, all you need to do as a foodstuff distributor is to buy food from directly producer and sell directly to the final consumer.
You can travel to the north to buy tomato, onions, pepper, cucumber, okra and other foodstuff that are produced in North and then transport it to the South and sell direct to the final consumer within one week you will started getting return on your investment as a foodstuff distributor.
You can start foodstuff distribution business with 100,000 naira and above, you don’t need a shop before you can sell your foodstuff to the final consumer you can take advantages of the internet to sell on social media and the available e-commerce platforms in Nigeria like jumia and jiji and others to sell your foodstuff.
4. Transportation Business
There are over 200 million people in Nigeria, all of them need means of transportation from one place to the other, aside from that there are numerous items that need to be transported across the 36 States in Nigeria.
All you need to do to start transportation business is minimum of three buses and hire professional drivers to transport people from one state to the other in Nigeria.
5. Restaurant Business
Restaurants and fast food business is one of the most profitable business idea in Nigeria as at this moment, you don’t need to rent a shop in a popular street or location before you can start restaurants or fast food business because those who are in a popular environment today start from somewhere which is not good as where they are now.
You can start with home delivery, all you need to do is to advertise your business online and you will started taking order to deliver food for customer at home, office and other places.
6. Bakery Business
Bakery business is also one of the best business idea to make money in Nigeria, 90% of Nigeria can’t do without bread in a week, you can start your bakery business by renting bakery to produce your bread and cake before you can build or acquire your bakery.
7. Real Estate
Real estate is also one of the best and most profitable business idea in Nigeria as at 2021, over 200 millions of people in this country everyone needs house to live. You can buy land and started building then rent it out. real estate is one of the best and most reliable and profitable business in Nigeria because you will be paid before anyone move into your property.
E-commerce is also one of the best and most profitable business idea in Nigeria, you need a reliable and user-friendly website and product to sell, you do need to manufacture your own product before you can start a e-commerce business because you can buy from the manufacturer and then upload product image and description on your e-commerce platform. You can make use of organic traffic only, but it is recommended to run advert especially social media advert so that you will start selling as soon as possible.
9. Soap Making
Soap making is also one of the most profitable business idea in Nigeria, you don’t need to become a millionaire before you can start soap making business in Nigeria because you can start with as little as 100,000 Naira and above.
The demand of soap is very high as at this moment, you can make your soap and started selling, you don’t need a shop before you are sell your soap because you are make use of the social media to sell to your friends and other users.
Uberpreneur is the last on my list for the top 10 best and profitable business idea in Nigeria, all you need to start driving for uber is a car and at least 10,000 naira for fuel daily.
You can make as much as 200,000 Naira in a week as a uber driver.
CONCLUSION TO BUSINESS IDEA IN NIGERIA IN 2021
These are the most profitable business ideas in Nigeria as at this moment although there are still more but these are the most profitable business idea that you can invest your hard-earned money without regret.
These businesses that make this list comes with little or no competition aside from that you don’t need good amount of money to start them.
Before you go into any of these business you need to take your time to learn how it works aside from that you a consultant that I have years of experience in the business he or she will guide you so that you won’t lose your money.