Rising Africa 10 lucrative businesses in nigeria

3. Poultry Farming
• Huge Market- With 100 million Consumers for poultry products
• Chickens are ready for Market in 28-30 weeks
• Less time span helps investors garner ROI quickly
• Loan repayment will be easier as investment mature faster
• Chicken is worth 2000-2500 Naira
• Egg market meanwhile continues to be attractive

4. Building Material Supply Business
• Nigerian Economy is one of the fastest growing in Africa
• The economy is the largest in Africa with GDP worth $510 billion
• Construction industry is only 3.2 % of GDP, is to grow the faster
• Massive urbanisation will lead to boom in material supply
• Focus on marketing aggressively as it can be a highly competitive
field
• Get good location, and network of suppliers and buyers
• Initial investment will be high, with attractive returns

5. Rice Farming
• Huge market- Demand is so high that Government imports rice
• In 2013 rice importation bill was at N75 billion
• Rice consumption increased in last 2 decades
• Government policies like NFSP to support rice production in Nigeria
• Huge thrust given to Agribusiness sector
• Takes less than 4 months for harvesting hence quick returns
• Rice is a high yield crop and requires not much expertise
• Rice is a fast selling product hence its called 'Get Rich Quick Farming

6. Oil & Gas Business
• Huge international market- Demand for oil & gas is high
• This is a risky but high return business
• Multiple opportunities
– Oil Drilling & Exploration
– Equipment leasing
– Filling stations
– Oil & Gas consulting
– Contract basis Petroleum supply
– Oil & Gas services-safety, monitoring, installations etc.
• Huge potential due to the large oil reserve found in Nigeria

7. Hotel Business
• This industry is understood by analyst to be profit making
• Nigeria witnessing economy growth and political stability
• Above factors will lead to increase in tourism and other travels
• For tourists Nigeria is becoming a choice destination in Africa
• Now hotels can be classified in terms of location, quality and size
• Some examples are Airport hotel, business hotels, Condo hotels,
Conference hotels, Resort hotels , Suite hotels
• Entrepreneurs have to decide on hotel type based on initial capital
and operational constraints they foresee

8. Property Investment
• Government announced plans to build several cities in the next
few years
• The focus on infrastructure development will boost property rate
• There are plans to develop satellite cities around FCT
• Increasing demand for high-end office space, retail space and
affordable residential housing
• The growing expatriate population and the emerging middle class
is boosting the demand
• As Nigeria’s economy grows, lucrative investment opportunities
for property investors are going to rise

9. Internet Based Companies
• This is one way to get maximum return on investment
• The market here can be domestic as well as international
• The reach of internet makes this business an attractive
proposition
• To start with you have to identify a business problem
• Once identified next step would be find a web based solution
• Here are some examples of internet based businesses
– Website designers
– E-commerce
– Promoting copyright products
– Social media marketing

10. Water Purification
• The government has failed to deliver basic drinking water to each
household
• Nigeria is seeing a steady increase in population
• One can foresee a huge demand for water purification business
• Currently 2 ways of delivering are through bottles and sachets
• Sachets seems to be more affordable for the poor
• Whether bottle or sachet can be decided based on capital
availability
• The setup capital will be between 5 million to 10 million Naira
• Getting loan will be easier for this business

11. Furniture Business
• As economy is growing the middle class is also rising
• Lot of offices and houses are coming up in urban areas
• These spaces will need furnishing
• Nigerian furniture is more affordable than imported designer furniture
• Entrepreneurs should focus on Nigerian furniture market
• Analyst say N200,000 is the minimum capital requirement to start
• Ibukun Awosika - the founder of Quebees Ltd, and Chair Centre Ltd is
a great example to emulate
• 3 major requirements are Raw materials, Carpenters and Showrooms

12. Restaurant Business
• Entrepreneurs can target small scale restaurants to start with
• Small scale restaurants will require low startup capital
• One can say that this business will withstand any economic crisis
• Industry experts say that with N300,000 you can start a local
restaurant
• The profit returns are also high in this industry
• Minimum requirements here are,
– Location
– Utensils and other instruments
– Furniture
– Excellent cook

13. References
• http://www.wealthresult.com/
• http://telegraphng.com/
• http://pointblanknews.com/
• http://business-matter.com/
• http://www.tradeinvestnigeria.com/
• http://www.nigeriawebsuccess.com/
• http://pixabay.com/ for images

14. Mara Foundation’s Ambition
We enable, inspire and empower ambitious entrepreneurs in Africa. With the support of our Mara Mentors we will:
Inspire millions of young people in Africa to become
entrepreneurs.
Teach entrepreneurs new skills.
Enable entrepreneurs to turn business ideas into a
reality.
Guide business owners to grow businesses and hire
(more) employees.
Empower entrepreneurs by providing a platform to
showcase their business and build their network.

15. THANK YOU
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Customer Support: support@mentor.mara.com
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