Business Ideas, Investing

5 Top Sectors to Invest In Nigeria In 2019

This post identifies top five sectors to invest in Nigeria.  It is intended to guide people who are looking at doing business in Africa’s second largest economy and one of the top attractive economies to do business in Africa . Nifgeria is good place to do business in spite of her challenges. Some of the critical drivers are high returns on investment  (ROI), relatively low labour cost, huge market, large consumer spending arising from her large population which is estimated at over 200 million people and a large endowment of natural resources to provide input to industries.  This is in…

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Business Ideas

Thrift Collection Business – This Ancient Banking Model Is Still Very Profitable

The origin is not known but Thrift collection business has been with us for a very long time in Africa. The popular Alajo Shomolu, arguably the first known organised thrift collector to operate in Lagos, started his business in 1954.  It is an old micro banking model which allows people to save in small amounts on daily basis for a period of time towards specific goals. Another name for it is Money Collection or Daily Contribution. The yorubas call it alajo, it is osusu in Igbo and Adashe in Hausa. In Ghana it is known as susu and tontine in…

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Business Ideas

Vegetable Farming In Nigeria – What You Never Knew Until Now

.Vegetable farming can be a money spinner for any enterprising entrepreneur. Why? Every household in Nigeria consume one type of vegetable or the other.  There is hardly any soup made in any household, in restaurants, hotel, local joints and boukas that will not contain vegetable.  And when you consider the fact that Nigeria has a population estimated at about 200 million people and still growing with hundreds of thousands of visitors into the country on a daily  basis, you will see why demand is high, why supply is always insufficient and why the business of vegetable farming is lucrative. If…

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Business Ideas

10 Ways to Make Money This Christmas Season

Celebrated in about 160 countries, Christmas is arguably the most celebrated festival in the world.  Though a Christian rite observed in memory of the birth of Jesus Christ, the Christmas season has a universal appeal. Its universal appeal stems from the fact that the period coincides with the end of the year when social engagements are at their peak. End of year is usually packed with activities – companies hold retreats and strategy sessions for the coming year, individuals take vacations and travel around the world, social organizations hold dinners, town unions organize a get-together to end the year, fun…

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Business Ideas

How to Make Money with Small Scale Plantain Chips Making Business

The income potential of plantain chips production is enormous and this explains why more and more entrepreneurs are becoming interested in this segment of the food processing and packaging business. You can start very small, with as little amount as N50,000 even from your kitchen and grow to become big if you do it well and are consistent.

Business Ideas

10 Online Businesses You Can Start Immediately with Little or No Money

Are you looking for a smart business to start right now that requires little or no capital investment? Many online businesses offer you that chance to make your mark as an entrepreneur without having to invest so much in terms of cash. Truth is, the internet has become an equalizer providing opportunities for the high and low, educated and illiterates, rich and poor.  All you need is a computer and a good internet access.  You don’t even need to have much technical knowledge, nor understand programming to do an online business.  You don’t need a brick and mortar presence (an…

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Business Ideas

Blogging: How to Set Up A Blog And Make Money With It

Blogs are increasingly becoming popular tools for the dissemination of information. Beyond that, blogging has become a simple but effective online business model that can make you rich if you put your heart at it and do it properly.  And for many people, having a blog is the first step towards setting up a lucrative media career. Here in Nigeria blogging has produced many millionaires. Talk of the likes of Linda Ikeji, Makinde Azeez, Jide Ogunsanya, Uche Pedro, Japhet Omojuwa, and so many others. Blogging is one activity that can easily be scaled to incorporate other business strategies.   What A…

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Business Ideas

Start a Car Wash Business And Smile Regularly to the Bank

Car Wash is a business you can start with what you have right now and still make a lot of money out of it.  The business involves setting up a facility where busy car owners come in to wash their cars for a small fee.  Whether you are a retiree looking for a business to keep you busy, unemployed who is not ready to dust your CV once more, or you have your day job but desires to have a system to earn passive income; even if you are a student who is looking for a way to put your…

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Business Ideas

Start A Block Industry Business Now and Make Good Money For Yourself

Block making (commonly called block industry) business can be a very profitable venture.  It is funny to me that some people still think that block making is a vocation for the uneducated and unskilled.  To the contrary, it is a lucrative business that can be scaled to become a large employer of labour.  Whether you are a school dropout, a graduate, a professional or a retiree looking for profitable business to engage in; block making is a venture to consider.

Business Ideas

How to Make Money Producing and Selling Sachet Water

Ever since one smart business man started packaging water in sachets in South West Nigeria in the mid 1990’s, the production and sales of pure water (as it is popularly called) has become a big industry with an annual turnover estimated to be in excess of NGN20 billion.  In Lagos alone, it is estimated that there are more than 100 water production facilities with some of them grossing an average of NGN10 million in annual profit.