In Nigeria lies great opportunities, not just opportunities but great investment opportunities. Today, we would be emphasizing on the best of these investment opportunities that you can be sure to put your money and gain profits as expected. .
1- Public transportation:
As every business has risks or challenges, so does the transport business but knowing that you are rendering your services to the large majority of people who do not own a vehicle to commute to their various destination and are willing to pay a fee for this service should be a reason to plunge ahead into this business.
You could buy a new vehicle or a fairly used one, known as “tokunbo”. If you are getting a “tokunbo” vehicle, go with a good mechanic, have them check every part of the vehicle you are buying.
You do not want to start your business with spending unnecessarily on repairs everyday…(as cheap article dey run belle).
After buying the vehicle (LT bus, tricycle also known as “keke”, etc), getting a trusted and careful person as a driver is another thing of importance and should never be neglected as they will determine how fast you would make profit and increase your business growth or find reputable managing companies who would entrust your vehicle to a tested and trusted driver. Do not forget to have an agreement with the driver for a stipulated amount to be delivered daily or weekly.
Yes, you are not wrong if you say virtually every Nigerian loves fashion because the truth is we do love fashion. From clothes/fabrics, shoes, hats, bags and purses/wallets, jewelries, cosmetics, nail polish, artificial lashes to hair extensions and more, we love and want them all.
If you are thinking of investing in this line of business, I suggest you pick a specific line for a start. For example, you can pick just cosmetics to sell (quality ones) and when you have gained your market’s trust, you could bring in hair extensions and before you know it, you are into the business selling everything that your customers may be demanding for.
Currently, there are a lot of untapped territories in the Nigerian fashion industry, for example, we are yet to see proudly Nigerian street wears. As an interested investor in this line of business, you can tap into one or more of these territories and carve a niche for yourself.
This is because with our population that depends largely on staple food for daily consumption and the government doing all it can to turn people’s attention to agriculture to help increase food production in the country and reduce food importation, plus our large farmlands available for use, it is only proper to say, agriculture in Nigeria will produce more wealth and productivity.
Hence, you can think about rice farming, cassava farming (for the garri especially), poultry farming/goat rearing, catfish farming, fruits farming, beans farming, plantain farming, cocoa farming, snail farming, maize farming, piggery and more. Find out which of these you can handle in terms of capital, land, work involved, etc.
Thus, investing in agriculture is and will never be a wrong choice if proper research and plans are made and put in place.