If you’ve landed on this article page, you’re probably searching for a good business idea—an idea that’s light on the pocket but heavy on returns, promising both a fulfilling journey and potential profit |
101 Building Materials |
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Rising incomes, urbanization and housing deficits indicate sustained
growth potential for building activity and materials demand.
Entrepreneurs able to source smartly and supply efficiently stand to
reap substantial rewards![]() |
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102 Agro Chemicals Business |
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With dedication and strategic planning, Nigeria’s robust agricultural
sector can support a thriving agrochemical retail enterprise. By
combining industry expertise with smart business acumen, you can
profitably serve the crop care needs of the nation’s farms and food
producers![]() |
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103 Corn Flakes |
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The project can be set up in any part of the country, since maize (corn)
is grown in all the parts of the country. You can start with
N12.0million Based on investment analysis carried out a turnover
of N15.0million is achievable in the first year working for average of
250 working days in a year. The payback period is within two years, and
return on investment is over 56%. |
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104 Gold and Jewellries |
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If you run a jewellery flipping business, buying used jewellery from
people and reselling them for profit, you may earn an average monthly
income of ₦300,000, assuming you buy 50 pieces of jewellery at an
average price of ₦5,000 and sell them at an average price of ₦10,000 and
a profit margin of 50%. |
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105 Laundry Soap |
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The key issues in this business has to do with one’s ability to produce
quality soaps as good as or even better than what we have in the market.
Once you are able to establish yourself as a quality soap maker, you are
on your way to becoming a successful soap manufacturer and a respected
soap brand owner. So, the secret to success in soap making business is
the quality.![]() |
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106 Movie Production |
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Producers can make anywhere from N1M to 500M naira or more—and producers
who work on big-budget studio films can make much, much more,
particularly if they work on more than one project each year, If
you are thinking of investing in a billion-dollar industry, the film
production business is an excellent choice. |
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107 Nylon Bag Printing Production |
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Big Congratulations as you are one step away from joining the family
where the NYLON PRINTING business is more profitable than your current
job. Our helpful video guide will provide adequate guide from conception
to Completion. |
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108 Plantain Chips Production |
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It is a business you can start right from your kitchen and grow to any
level, your capacity and tenacity can take you. With careful
planning, dedication, and hard work, entrepreneurs can establish
successful Plantain Chips Production Business Businesses
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109 Political Career |
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Politics can be a challenging and rewarding profession, where you
potentially have the power as an elected official to make a difference
in your community. To be an effective politician, you will need to
combine hard work with smart choices. You will also need to focus on
running a successful campaign for office so you can end up in a position
of influence and represent voters on a local or national level![]() |
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110 Setting up a Private University |
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Our education is in crisis, and needs help, if an individual decides to
venture into the tertiary education business, it’s not wrong provided he
or she is doing it within the confines of the law and with his/her money![]() |
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111 How to set up a Rrecruitment Agency |
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In Nigeria, professional recruitment agency fees range from 22-27% of
the first-year annual base salary of a recruited employee. Recruitment
agencies also require an upfront retainer and payment in advance
installments of the agency fee based on milestones such as start of
recruitment, presentation of candidates, and scheduling interviews with
a candidate shortlist. |
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112 Solid Minerals minning |
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Nigeria’s mining sector has significant export opportunities for local
mining companies, especially in the areas of mineral processing and
value addition. The Nigerian government has implemented policies to
encourage local companies to invest in mineral processing and value
addition to increase exports of finished products.![]() |
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113 Travel and Tour |
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According to a report by the Nigerian Tourism
Development Corporation (NTDC), the country received about one million,
eight hundred thousand (1,800,000) foreign tourists in 2023, generating
about one trillion, six hundred billiona naira (N 1,600,000,000,000) in
revenue. This indicates the potential of the travel and tours agency
business in Nigeria and the opportunities it presents to entrepreneurs
in the industry. ![]() |
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114 Tyre Business |
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If you are selling fairly used Tyre called Tokunbo Tyre, You can make a
profit of N10,000 per Tyre If you sell Ten Tyre, that is a profit of
about N100,000 naira every day. You can even make more if you invest
more in this lucrative Tyre Business |
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115 Kids Event Planning |
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successful children's party planning businesses often thrive on
creativity, attention to detail, and a genuine passion for creating
memorable experiences for young guests and their families![]() |
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116 Pedicure Business |
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One of the most significant discoveries any aspiring entrepreneur can
make is understanding what he/she is passionate about and how to
generate income from such passion. And if Pedicuring and Manicuring
people’s hands and feet drive you, then you should consider starting a
nail salon. |
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117 Massage Business |
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starting a massage parlor is the potential for high profit margins.
Massage therapy is a popular service, and people are willing to pay a
premium for a relaxing experience. Additionally, massage therapy has
many health benefits, such as reducing stress and anxiety, improving
circulation, and relieving muscle tension. |
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118 Tutoring |
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As a tutoring business owner, you have the freedom to set your own
schedule, choose the subjects you want to teach and determine your
rates. This autonomy allows you to work on your terms and pursue your
teaching approach. Whether you have a passion for teaching, a desire to
make a positive impact on students' lives or an expertise in a
particular subject, tutoring can be a rewarding and profitable venture. |
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119 TV Installation |
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You can get up to 10 calls from customers everyday that need their
system serviced. Most times all you need to do is realign and rescan the
decoder which might take 20minutes and for this the lowest you charge is
N5,000 or more![]() |
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120 Jam Production |
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With the abundance of fresh fruits in the region, it presents an
opportunity to meet the growing demand for jams both locally and
globally. According to market and consumer data, the profit margin of
jams is between 10% and 50%. Naturally, these numbers can vary depending
on a number of factors.
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121 Wood Door Production |
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Wooden doors are an essential element in residential and commercial
construction, providing security, aesthetics, and functionality.
Starting a wood door manufacturing business can be a rewarding venture,
given the consistent demand for quality doors in the market![]() |
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122 Shawarma Business |
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The fact that shawarmas are loved by most means that it could be a very
lucrative business that can earn you a really good income if you do it
correctly. Unlike many other meals, preparing a shawarma is actually
quite easy as it requires not too much skill or complicated ingredients![]() |
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123 Car Painting |
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The money one makes as an auto painter depends on the magnitude of work
the auto requires because all work is not the same and clients are
different too. You can
make between N50,000 and N75,000 on a vehicle that requires real
work. Imagine how much you will make if you paint five to six vehicle in
a day |
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124 Wood Chip Business |
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The wood chip manufacturing industry is expected to continue growing in
the future due to increasing demand for renewable energy sources,
sustainable materials, and eco-friendly solutions![]() |
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125 Autospare Parts Business |
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Nigeria is the biggest market for used cars in Africa, the
middle-income, middle class sector is set to expand beyond 40 million,
and consumers will increasingly want their own vehicles, increasing the
demand for automotive maintenance and repair services. |
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126 Firewood Business |
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With the right planning and execution, a firewood business can be a
profitable venture that provides a valuable service to your community
while allowing you to work outdoors and be your own boss. |
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127 Car Tracker Installation Service |
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Get our Practical training on how to start a profitable car tracking
installation service Business. we Have Made Everything So Easy For You,
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|
128 Pallet Production |
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Starting a Pallet Production Business in Nigeria presents a lucrative
venture. The steady rise in demand for pallets, driven by expanding
trade, e-commerce, and logistics sectors, offers substantial business
opportunities. As sustainability gains traction, the use of recycled and
eco-friendly pallets is becoming more popular, positioning
environmentally conscious businesses at an advantage. |
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129 Car Uber Business |
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if you want to last long in this business, you have to create a model
that is not reliant on incentives. Uber has some great incentives (for
instance, you get a bonus of N40,000 after 20 trips for every Partner or
Driver you invite, but if that’s the only thing you chase, you might as
well be working a pyramid scheme. |
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130 Moringa Powder Production |
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By following the right steps and implementing effective marketing
strategies, you can establish successful and profitable Moringa Powder
Production Businesses in Nigeria and Africa. |
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131 Petrochemical Business |
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with the right investment and support, the petrochemicals production
industry in Nigeria and has significant potential for growth and
profitability. |
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132 Car Battery Retail Business |
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With over 40% of Nigerians owning a car and around 700,000 vehicles sold
yearly in Nigeria, you can be sure of making frequent sales doing this
business. You can make ₦2.2m to ₦3.5m monthly, selling them to car
owners, transport companies, and retailers![]() |
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133 Diesel Supply Business |
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The profit margins that businesses who supply to tank farms usually make
from their supplies are usually about 5 to 10 Naira per liter, and the
tank farms make a profit of that range too. While it may seem little,
tank farm supplies usually run into millions of liters, and 5 million
liters at a profit margin of 5 Naira is about 25 million Naira. |
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134 Towing Vehicle Service |
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If you're passionate about providing roadside assistance, have a knack
for problem-solving and enjoy being on the move, starting a tow truck
business can be a lucrative and fulfilling venture |
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135 | |||
136 Mobile Toilet |
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The cost of a portable restroom varies widely based on many factors.
Some of these factors include geographic region, service frequency,
Toilet Class and site accessibility. In some major Cities, prices can
range from between N75,000 for a restroom with twice-weekly service to
N100,000 for once a week service. |
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137 Fabric Store |
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Fabrics are an important part of everyday life. They are the stuff from
which our clothes, curtains, bedspreads, pillowcases, and cushion
coverings are made. As a result, a lot of them are constantly in high
demand.
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138 Diapers and Sanitary Pad Business |
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Starting a diaper and sanitary pad business could be a good decision.
The massive demand for diapers and pads across the country is not an
income you should let pass you by. Even if a particular brand is the
Selling today, other brand will sell if you market the product well. |
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139 Oil Spill Cleaning Service |
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The Oil Spill Cleaning Business in Nigeria
presents an opportunity for entrepreneurs to provide solutions to
the environmental and economic impact of oil spills. The demand for
these services is expected to increase as governments and oil companies
seek to minimize the impact of oil spills on the environment and
communities. |
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140 Metal Door Production |
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Stay abreast of technological advancements in metal door production,
such as laser cutting, powder coating, or 3D printing. Evaluate the
potential benefits of implementing advanced production techniques to
improve product quality, reduce waste, and increase productivity. |
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141 Battery Recycling Business |
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Nigeria recycles about 13% of the batteries used in the country.
Compared to the major battery recycling countries, the rate appears
insignificant but it goes a long way to establish the $223 million (₦85
b) market and poise it for greater focus both by private investors and
the state. |
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142 Paper Bag Production |
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The market for paper bags is vast and diverse, catering to a wide range
of customers. Retail stores, supermarkets, restaurants, and online
businesses are among the primary consumers of paper bags. Additionally,
there is a growing demand for customized paper bags for special events,
promotional purposes, and corporate branding.![]() |
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143 Generator Rental Business |
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Generators are in constant demand at domestic and industrial settings
due to the absence of stable electricity grid in the country . If you’re
looking for a lucrative business to venture into, the generator rental
business in Nigeria is a great option to explore. |
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144 Bread Supply Business |
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the market still has room for growth and innovation, with opportunities
for new entrants to provide unique products or services to differentiate
themselves. The bread supply business also presents an opportunity for
exports to other African countries, where the demand for bread is also
increasing. |
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145 Shoemaking Business |
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Starting a shoe making business in Nigeria can be a rewarding endeavor
if executed strategically. By conducting thorough market research,
developing a solid business plan, and implementing effective marketing
strategies, you can establish a successful enterprise in this growing
market.![]() |
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146 Lettuce Farming |
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understanding the seasonal demand for lettuce can help farmers plan
their production and marketing strategies more effectively. |
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147 Groudnut Oil Production |
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starting a groundnut oil mill business requires a lot of hard work and
dedication, but it can be a profitable opportunity for those who are
willing to put in the effort |
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148 Low Pour Fuel Oil(LPFO) Supply Business |
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The Low Pour Fuel Oil (LPFO) supply business presents numerous
opportunities for investors and entrepreneurs in Nigeria and Africa.
With the growing demand for LPFO both locally and globally, the market
is ripe for investment, and the government is putting in place policies
to support the industry’s growth![]() |
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149 Crude Oil Refinnery |
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The crude oil refinery business is a lucrative venture in Nigeria , due
to the abundance of crude oil in the region. The business offers
numerous benefits to both the economy and the investors, including job
creation, revenue generation, and increased industrialization.![]() |
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150 crude Oil Brokerage Business |
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Crude oil brokerage is one of the most profitable oil and gas segments
for entrepreneurs who have no money to venture into the trade. Since it
involves arranging a transaction for a commission of about $1 per
barrel, it makes it an excessively lucrative venture for crude oil
brokers who land major crude oil supply contracts. |
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151 Fertlizer Production |
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The fertilizer production business in Nigeria presents a significant
opportunity for entrepreneurs and investors to tap into the growing
demand for fertilizers in the agricultural sector. With the
ever-increasing population and the need for food security, the demand
for fertilizers is expected to rise in the coming years.![]() |
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152 Fitness Center |
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The fitness industry has produced quite a number of millionaires. And
with the continuous demand for fitness trainers and instructors, there
is an endless opportunity for those willing to join the industry. The
importance of fitness on healthy life is growing fast, and as the saying
goes, “Health is wealth”
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153 Flour Business |
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Flour business could easily fetch you daily income if you can do your
best to fulfill daily flour needs of bakeries, eateries and snack
outlets. The increased demand for healthy snacks, cake, processed foods
and the versatile nature of the flour has made the business a profitable
venture for savvy entrepreneurs![]() |
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154 Oil Tank Farm Depo Business |
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The Oil Tank Farm Depot Business in Nigeria
has great potential due to the increasing demand for petroleum
products globally, the abundance of petroleum resources in Nigeria, and
the country’s established export market. |
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155 Container Production |
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Proper market research, efficient production processes, quality control
measures, and a robust supply chain are crucial for the success of the
Shipping Container Production and Supply Business in Nigeria |
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156 Tie and Dye Business |
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The best part of this business idea is that, with your creativity, you
can create thousands of unique designs as per market or client’s demand.
You can use several colour schemes like plain motifs, simple prime
colours, monochromatic colours, indigo and others. |
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157 Scrap Vessel Business |
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Statistics indicate a steady increase in global shipbreaking activities,
driven by the need for ship recycling and environmental compliance.
Nigeria, with its vast coastline and shipping industry, has emerged as a
prominent player in the scrap vessel market. The country’s strategic
location and robust infrastructure make it an attractive destination for
ship recycling. |
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158 Rubber Production |
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With the rising demand for natural rubber globally, there is a huge
opportunity for rubber farmers to increase their production and export
to other countries. Additionally, rubber farming can provide numerous
job opportunities and income sources for farmers and communities![]() |
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159 Distilled Water Business |
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To succeed in this business, entrepreneurs need to understand the market
dynamics, implement efficient production processes, establish reliable
supply chains, and develop effective marketing strategies. Additionally,
engaging in research and development to innovate and diversify product
offerings can further enhance competitiveness. |
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160 Fertilizer Distribution Business |
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If you like the idea of making a profit by helping people work with the
soil, you might enjoy being a part of the fertilizer industry by
starting fertilizer distribution business. Entrepreneurs can initiate
fertilizer distribution business with a proper selection of products
from any location. |
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161 Salt Production Business |
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Salt production business is a lucrative resource at both global and
local levels. Therefore, salt never runs out of demand and cannot be
substituted with any other substance. With the right policies and
machinery in place, a salt production business in Nigeria is bound to
soar![]() |
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162 Caustic Soda Production |
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With proper planning, strong market intelligence, and a commitment to
innovation and sustainability, caustic soda production and supply
businesses can thrive in Nigeria![]() |
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163 Mobile Phone Repairs |
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With the rapid advancement of technology, the need for skilled
technicians who can efficiently diagnose and repair a wide range of
mobile phone models becomes imperative![]() |
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164 Pop Corn Business |
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By offering unique and high-quality products, providing excellent
customer service, and leveraging social media and other marketing
channels, popcorn businesses can attract and retain loyal customers and
achieve significant growth. |
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165 Cocoanut Farming |
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A 10 hectare farmland of hybrid coconut can earn revenue of N16 million
– N20 million annually for the next 30-60 years depending on the variety
planted. |
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166 Hair Cream |
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Hair cream production business in Nigeria can be quite lucrative
considering the teeming population of people that need the product.
while it constitutes a part of beauty routine for others. Just a percent
of the 200million Nigerians patronising a hair cream product line will
mean outright business success. . ![]() |
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167 Paper Recycling Business |
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The paper recycling business is ever-growing these days. It has huge
returns with very little investment factor. The need for recycled paper
is plentiful as they cost less than the non-recycled ones. If you are
ready to invest your time and efforts with a little fare, you can
efficiently run a paper recycling business on your own with comforting
returns.
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168 Ginger Juice Production |
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with the increasing demand for natural and organic beverages, the global
market for ginger juice is expected to grow further, presenting a
lucrative opportunity for entrepreneurs in Nigeria to explore the export
potential of ginger juice. |
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169 Ginger Tea |
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In Nigeria, the consumption of herbal teas has increased in recent
years, with a growing interest in natural remedies for various ailments.
Ginger tea is one of the popular herbal teas consumed in Nigeria due to
its health benefits, especially during the cold season |
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170 Candle Production Business |
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You don’t need to build a factory for a start, your backyard is just
enough, and with a very little start-up capital, you are on the go.
There is no doubt that there is great business opportunity in candle
production and distribution. |
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171 Activated Carbon |
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The production and supply of activated carbon in Nigeria and Africa
present significant opportunities for economic growth, environmental
sustainability, and meeting various industrial needs. The diverse
applications of activated carbon, combined with its increasing demand
globally, make it a valuable commodity in the Country![]() |
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172 Hand made craft Business |
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strike a balance between personal preference and investment potential
when acquiring artworks. Trust your instincts and choose pieces that
resonate with you emotionally and aesthetically.![]() |
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173 Freelance Writing Service |
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There are numerous advantages to working as a linguistic freelancer.
Chief among these is the fact that you can potentially earn more money
than you would in a full-time position, without the associated stress
and loss of personal time. Additionally, if you have a natural skill for
languages, being a linguistic freelancer can help you find a unique
niche that may be hard to find in other professions![]() |
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174 Educational Consultancy |
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With an increasing demand for quality education, these consulting
businesses are increasingly relevant, helping students and parents make
informed decisions about their educational journey. The industry
includes a range of services, from college admissions counseling to
curriculum development and teacher training. This provides businesses
with a wide range of opportunities to specialize and stand out. |
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175 Kpomo Production Business |
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The business presents numerous economic benefits, including job
creation, income generation, and export opportunities. Additionally,
Kpomo production business can be started with minimal capital and
resources. |
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176 Tissue Paper Production |
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There is a huge gap between tissue paper demand and supply which is a
great business opportunity. In Nigeria, the consumption rate is over 1
billion units monthly, yet, production rates are less than 150 million.![]() |
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177 Maize Farming |
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70,000 fresh maize cobs will be harvested from one hectare of maize. If
you sell each fresh cob for N15, you will earn a sales revenue of
N1,050,000 from your one hectare maize farmland.
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178 Starch Production |
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Making of cold water soluble starch is one profitable business anyone
can venture into with minimal capital and generate steady income with
remarkable high turn over.![]() |
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179 Chin Chin Production |
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Depending on the scale you wish to start, this business can come to
life with a small startup capital as low as N20,000 - N500,000 and from
2Million naira for a large scale startup.The Chin chin business in
Nigeria presents a significant opportunity for investment and growth.![]() |
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180 Kerosene Supply Business |
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kerosene supply business in Nigeria
offers a viable investment opportunity that can help
entrepreneurs and investors create wealth and contribute to the economic
development of the Country. With the right approach and adequate
resources, the kerosene supply business can be a profitable and
sustainable venture. |
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181 Leather Production |
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The leather industry is a crucial sector that provides numerous
opportunities for entrepreneurs and investors to participate in the
production of high-quality leather products for local consumption and
export![]() |
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182 International Shipping Company |
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To operate successfully in the international shipping industry, these
companies require extensive knowledge and expertise in various areas
such as customs regulations, transportation laws, and international
trade policies. They invest in research and technology to optimize their
services and improve operational efficiency. |
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183 Industrial Chemical |
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Companies in Nigeria use more than $3.58 billion dollars' worth of
chemicals each year, but the country only produces $380 million dollars'
worth of equivalent, resulting in a shortfall of $3.2 billion dollars.
The majority of the deficit is made up for by importing goods. There are
openings in the market for new competitors who want to get in and
capitalize on the industry's healthy profit margins. |
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184 PMS Supply Business |
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The demand for gasoline in Africa is also on the increase due to
population growth, urbanization, and industrialization. It is projected
that by 2040, gasoline demand in Africa will exceed 1.1 million barrels
per day. This presents a huge opportunity for entrepreneurs to invest in
the PMS supply business.![]() |
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185 Powdered Milk Production |
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With a production capacity of 52,000 kg per month, translating to
624,000 kg annually, the revenue potential is significant, with
projections of $208,000 per month, or $2,496,000 per year. The initial
project cost range from $1,700,000 – $3,000,000 and the business
promises impressive profitability and a robust market presence. |
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186 Calcium Carbonate Production |
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the demand for calcium carbonate is also on the rise, driven by the
growth in construction, healthcare, food processing and paper
industries. The market value of calcium carbonate is expected to witness
substantial growth in the coming years. |
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187 CCTV Installation |
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CCTV installation businesses are one of the most lucrative businesses
today. Investing in CCTV installation software makes setting up and
managing the business super-easy. The CCTV market is booming, thanks to
increasing concerns about security and safety and the rise of
surveillance and smart cities. |
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188 Barite Export |
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Nigeria’s barite production, however, has yet to fully meet the demands
of both local and international markets. There is a significant
opportunity for barite exporters in Nigeria to tap into markets across
Africa and beyond![]() |
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189 Pharmaceutical Company |
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by taking the right steps, hiring the right team and using the right
equipment, you’ll be well on your way to running a successful company. |
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190 Cocoa powder production |
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Making Nigeria export cocoa powder has the potential to create jobs and
develop the economy. It’s estimated that exporting cocoa powder would
create about 30,000 jobs and lead to annual GDP growth of $1 billion. |
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191 Tea Propduction |
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By adopting sustainable farming practices, leveraging modern technology
and marketing strategies, and collaborating with other stakeholders, tea
Producers can enhance their profitability and contribute to the economic
development of their communities and the Country at large.![]() |
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192 Tomotoes Paste Production |
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The demand for tomato paste is expected to grow due to its wide
application in the food industry, especially in the production of
sauces, soups, and stews. The increasing popularity of ethnic cuisine
and ready-to-eat food products is also expected to boost demand for
tomato paste in Nigeria![]() |
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193 Cocoa nut Oil Business |
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coconut oil production is a promising sector with vast untapped
potentials, and entrepreneurs willing to take the risk can reap the
benefits while contributing to the growth of the Nigerian
economy. |
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194 Corn Flour Production |
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The quality of the corn flour depends on the corn variety, the milling
process, and the storage conditions. It is a lucrative business in
Nigeria, due to the high demand for the product in the food industry. |
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195 Wood Recycling Business |
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the need to manage wood waste is evident due to the rapid urbanization,
construction projects, and industrial activities that generate
substantial wood byproducts.![]() |
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196 Medical Laboratory |
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the industry holds strong growth
prospects driven by rising healthcare awareness, increased health
insurance coverage and stronger regulations. |
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197 Toothpick Production |
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Nigeria has a large market for toothpicks due to its high population and
large consumption of meat and fish. Toothpick production is also a
viable business in Nigeria whole because of the growing population and
increased demand for oral hygiene products. |
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198 Medical Equipment |
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The demand for quality medical devices and hospital equipment in Nigeria
is growing rapidly driven by investments in healthcare infrastructure,
advancement of clinical capabilities, and increasing incidence of
chronic diseases![]() |
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199 Yam Farming |
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Yam farms can yield N 5,000, 000 – N 10,000, 000 million per hectare
(i.e. 100m x 100m). Yam
Production has been a life-changing enterprise for the people of the
country especially the North Central Nigeria, North West Nigeria, and
even the south west.![]() |
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200 Oil Vessel Charter Business |
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The Oil Vessel Charter business in Nigeria presents a lucrative opportunity for investors and plays a vital role in the oil and gas industry. With proper management and strategic planning, the business can thrive and contribute significantly to the growth of the economy ![]() |