Top 10 Fastest Growing Businesses In Nigeria Currently. Below Are Top 10 fastest growing business in Nigeria and business opportunities.
Are you thinking of a fast growing business to go into? Are you confused on what you really want to do? This article definitely has answers to what you are looking for as I have put together some fast growing business that you might want to consider.
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What is a fast growing business?
A fast growing business is simply one that one derives a lot of profit as well as customers within a very short period of time.
Here is a list of Top 10 fastest growing business in Nigeria:
- Real estate business
- Oil and gas business
- Daycare business
- Fast food business
- Spare parts business
- Car wash business
- Transport business
- Fashion designing
- Makeup business
Top 10 Fastest Growing Businesses In Nigeria Currently
1. REAL ESTATE
Real estate business is currently one of the fastest growing businesses growing in Nigeria. Real estate has to do with a property that consists of land and buildings as well as its natural resources such as mineral, crops or water etc.
If you wish to go into this business then you can talk to professionals about it.
Read Also: How to Become a Real Estate Agent in Nigeria
2. OIL AND GAS BUSINESS
Oil is basically Nigeria’s biggest export product as well as the biggest way it generates revenue. Oil and gas business does not necessarily mean that until you have a a petrol filing station. Companies or organizations that provide goods and services in oil and gas are called oil and gas companies.
If you wish to start oil and gas business in Nigeria and you do not have so much capital, you can begin with trading on kerosene which is currently one of the easiest to start.
See Also: 10 Ways To Join Oil And Gas Business In Nigeria With Minimal Capital
3. DAYCARE BUSINESS
Daycare business is also one of the fastest moving businesses in Nigeria. The goal is to take care of kids that have busy parents. The business might be very lucrative but the risk attached to it is very high. You have to overseer the children and keep them safe till their parents come for them.
You might also choose to employ people who would act as baby sitters for you if you do not wish to. One good thing about this business is that you can choose to earn daily, weekly or monthly depending on how you want it to be.
Agriculture is simply the act of producing food for man, feed for animals and raw materials for the industry.
Right from the days of our fathers even up till now, agriculture has been a very lucrative business. This is because we need food to be able to survive every day and as such, customers are always ready to buy these farm products especially when are very fresh. Some of the agricultural products you can go into if you want to make a lot of money are:
- Poultry business
- Cultivation of farm products
- Snail rearing
- Cattle rearing
- Forestry business etc.
5. FAST FOOD BUSINESS
It is very obvious that fast food business is one of the most lucrative businesses that can be done in Nigeria. Beginning a fast food business does not necessarily mean that one has to get a shop. Most people have even stuck with online fast food business which you can order food from the comfort of your home and get it delivered to you no matter where you might be.
If one decides to set up an online fast food business, it is even better as it requires less capital but you would have to depend on advertising to get a lot of customers. Another good thing about the trending online fast food business is that apart from the money you would make from the food you have made for your customers, you would get profit from the delivery services as well.
6. SPARE PARTS BUSINESS
This business is highly associated with Igbo men and we all know how fast moving this business is. This business is done by importing spare parts of automobiles and selling off.
One disadvantage of this business is that you need a whole lot of capital to start up and this might not be available but if you have the money to start up this business, then this is definitely a business to do to make a lot of money.
7. CAR WASH BUSINESS
Car wash business is a business that yields a lot of profit within a little time. This business is fast growing because of the fact that so many car users would want to wash their cars at an affordable price instead of having to stress and wash it themselves.
Another good thing about this business is that it is easy to set up with a small capital.
8. TRANSPORT BUSINESS
Transport business is also one of the fastest moving businesses you can think of in Nigeria. This is because every day, a lot of people want to go to different locations. The problem with a lot of Nigerians that they are too proud of shy to be associated with transport business.
In a day, a regular bus driver comes home with nothing less than 5,000- 10,000 naira which is about 150,000- 300,000 in a month. This is a whole lot of money to think of. However, a lot of strength is needed to do this business; it is not for lazy people.
The are other levels of transport business apart from driving the commercial vehicles, technology has made it easier with use of online cabs like uber, taxify, opay etc. you can consider going into these if you meet up with the requirement.
See Also: 10 Ways To Make Money Online In Nigeria That Actually Work
9. FASHION DESIGNING
Nigeria is a country that is known for trending in fashion and as such has created a fast moving business called fashion designing which has an outdated name as Tailoring.
The reason why fashion designing has become a very lucrative business to do is because of how important it is to put on clothes to cover our nakedness and look beautiful. If you have been considering a business to go into that would fetch you a lot of money then you can try fashion designing as long as you have the skill.
10. MAKEUP BUSINESS
Make up business is now one of the fastest moving businesses in Nigeria because of the rate at which parties are usually organized. It is highly profitable as long as you are good at what you do.
One good thing about this business is that you do not have to be confined to a shop as you can do home service. Why not consider going into this business?