In Nigeria. Being the capital city of Nigeria, thousands of local and foreign investors have steadily streamed in, in search of greener pastures. For instance, the real estate sector is booming as thousands of people are renting and paying for a house’s to call home. Schools and colleges are setting up shop, left right and center. Strategically located residential houses are being converted to supermarkets, malls, pharmaceutical stores and the likes. Clinics and hospitals are popping up everywhere.
Here are 15 profitable business ideas you can do in Abuja
Last but not least, ‘people in Abuja’ are hard-working people, but if only there were agencies you could drop your CV with, the agency would aggressively look for a job for you, when you get your first salary, they collect a percentage… na money o!
Bottle/Sachet Water Production
Nigeria’s most-consumed water is the packaged one in sachets and bottles. And the reason behind it is the popular belief that bottled and sachet water are the purest form of water. In fact, owing to this belief, sachet water is popularly called pure water. So if you’re looking to get started, neatness and hygiene must be one of your characteristics, bearing in mind that water production is capital intensive.
Agricultural and farm products (including beef/fish/ chicken)
Abuja people love to eat chicken, fish and beef. If you set up a cold-room/ store in a strategic location and market it well, be sure to have more than enough customers. Farms are also the in-thing at the moment. People love their organic produce and farm fresh meat. If you can afford it, think as big as owning a cattle ranch. Google up some of the world’s renowned cattle ranches and invite them to Nigeria. Think along those lines, You won’t regret.
Phone and computer accessory business
The majority of the population in Nigeria use mobile phones and personal computers. They often want to purchase new versions of their technical gadgets and the various accessories for them. People also need new technology after their old phone and computer got damaged, because none of these things will last forever.
School uniform design/supply
The majority of Abuja schools require children to wear uniforms. Some schools directly sell their uniforms while others refer you to where you can buy the school’s colors. A uniform shop, coupled with some stationary and maybe textbooks isn’t a bad idea.
Last time I checked in a hotel in the capital, I paid #8000 each night for some days. And to even think of it, it wasn’t a classy hotel like that. How much, then, do you think you could make every day from owning a hotel? Most standard hotels charge close to #15,000 per night. But the fact that there’s money in hotel business aside, is it a fast-growing business model?
Dubai’s main source of income comes in every day through a hotel (Buruj Al-Arab). One of the tallest hotels in the world that was exceptionally built on water. But hotel management is not exclusive to Dubai or foreign countries alone but in Nigeria too. After the success of many hotels and with the rate of expansions carried out by hoteliers, more hotels are continuously having a ground in Nigeria by foreign investors and indigenous alike.
We love our gardens and lounges. Somewhere we can sit down, have some cold beer, gossip, catch up with friends, watch soccer, eat fish and just chill out. Damage on our pockets, but BIG money for you!
Daycare centers are easy to start but running them demands all the inputs of a risk-taker who is also parenting literate. Lacking on the latter feature doesn’t really mean this is not your thing. As you can easily employ as many babysitters as you can based on your budget/daycare center size. All things in place with a know how of how to set up a successful daycare center, you can start earning monthly, daily or weekly depending on how you want to get paid.
Real estate/Construction Company
Like they say, real estate is real business. The FCT is Nigeria’s fastest growing city, and every day, hundreds of people move to the city in search for greener pastures. If you could think of constructing mass but affordable houses with better quality, you are bound to make cool cash! You can also set up a real-estate consulting firm, where you offer sales/marketing services to real estate developers/home owners.
People must go to work, to church, to the market,to school. In essence, people must move. Taxi drivers in Abuja are some of the highest earning entrepreneurs with some raking up to 15,000 naira a day! A duly registered transportation company that offers comfortable rides to customers can attract you a decent daily earning.
Oil and Gas Business
We are blessed and cursed with huge deposit of oil in our land which presents some of the finest business opportunity for Nigerians and Foreigners over the years. Owning a Petrol Filling Station, Supplying of Diesel, and Distribution of Kerosene are some the areas you can invest easily and make good money for yourself.
Importation of Tokunbo Spare Parts
If you are in USA, this business is good for you. Don’t just keep importing exotic cars, gather tokunbo spare parts in containers and ship down here. There is huge market for it in Nigeria.
Investing in Internet Companies
This is a new crop of powerful investment opportunity that is creating Billionaires around the world including Nigeria. It’s simple! You don’t have to be a Tech person, all you need is to look for a creative online tech startup with good ideas and invest into. Within 1 to 2 years you will be counting your profits in millions.
Sale of Furniture
Buying and selling of Locally make furniture is a goldmine. You don’t need to be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. It is a very big business in Nigeria as only few can afford the imported designers.
This is not ideally for anyone with less enough budget. Those who started with the lowest amount reported as high as #1 million capital with machinery assets. Don’t have anything close to that stack up in an account? And yet don’t think loan is your thing? I’ll advise you move ahead to my next two models. But before you move on, perhaps you may have a change of mind with an insight of the opportunities in food processing, here’s how the system works.
Food processing is all about processing raw foods into consumable products. And it’s the biggest industry out there taking the lead of ICT which comes up next. You may decide to go into any of these markets and still make it big from the $48 trillion industry;
- Beverages making
- Garri processing
- Palm oil/groundnut oil processing
- Rice milling
- Yogurt production
- Tomato puree manufacturing
- Frozen food
this are the 15 lucrative business ideas you can do in Abuja or any part of the country, we hope we have impacted your life with this great ideas and we wish you all the best in your business.