The Nigerian investment environment is
volatile but embedded with so many
opportunities for investors from within and
Though there are challenges mostly in the
area of leadership, resources management,
security and infrastructure, etc. nevertheless,
there are investment opportunities in almost
every sector of the Nigerian economy.
As it is, the Nigeria investment
environment is too large to ignore and this
is why we have so many Asians and
Europeans having huge investment in the
According to statistics by the Nigerian
Investment Promotion Council, Nigeria
boast of about 167 million people making
her the 8th largest population in the world
and 4th largest population under the age
A worthwhile asset!
Can you imagine you starting a business
let’s say manufacturing an essential
commodity and you having just a little
fraction of the total population buying
your products regularly?
May be you just have as little as 500,000
people buying your products!
Despite the array of opportunities in Nigeria,
there are a lot of bottlenecks to investing in
the country’s business environment such
problems exist in the area of
Political leadership (Unstable policies,
corruption, mismanagement of nation’s
wealth, conflicts of interest, etc.)
High cost of running business
Corruption/nepotism among citizens
Demand for foreign goods
You shouldn’t be deterred by the array of
problems that exist in the Nigerian socio-economic
environment. Despite some of
these bottlenecks identified, people are out
there making millions of naira legitimately.
You can also be one of such people
Oil & Gas Sector in Nigeria
Nigerian oil and gas Industry is said to be the
engine of the Nation’s economy. Nigeria practically
depends on oil.
The Government of Nigeria is been funded with oil
revenue. As we all know, Nigeria is one of the
world's biggest oil producers.
The oil & gas industry is usually divided into two
major sectors: upstream and downstream.
According to Wikipedia, the Downstream Sector
commonly refers to the refining of petroleum
refining of petroleum crude oil and the processing
and purifying of raw natural gas as well as the
marketing and distribution of products from crude
oil and natural gas.
The downstream sector touches consumers
through products such as gasoline or petrol,
kerosene, jet fuel, diesel, oils, lubricants, waxes,
asphalt, natural gas and liquefied petroleum gas as
well as hundreds of petrochemicals.
The Upstream Sector includes the searching for
potential underground or underwater crude oil and
natural gas fields, drilling of exploratory wells, and
subsequently drilling and operating the wells that
recover and bring the crude oil and/or raw natural
gas to the surface.
As it is you can only tap into some of the varied
production activities in downstream sector given
the fact that this is the only are some of us can
invest in based on the capital we have at hand.
The Upstream production activities are
mostly handled by the multinationals
and big investors who have the
wherewithal to invest and based on
So you can invest or start a business in
the area of fuel importation, haulage,
supply and distribution (of
fuel/kerosene/diesel station), oil and
gas installation maintenance and
The agricultural sector is another viable
investment hub for Nigerians in which you
are included. This sector can never be
ignored in anyway because agriculture is
an essential aspect of every society.
Opportunities are open in the area of
poultry farming, fishing, cassava,
production, snail farming, crop farming,
sales and distribution of food products,
food products packaging, fruits farming,
food processing, catering services, food
restaurant business, etc.
With the recent full privatization of the
power sector coupled with the huge
demand for power in Nigeria, opportunities
now abound for business and investment
The power sector is divided into
Generation, Transmission & Distribution.
Presently, the core investors are shopping
for sub investors who will play active role
in the marketing and distribution of power
supply across different parts of the nation.
Transportation industry in Nigeria is very
viable for business and investment
opportunities. Business and investment
opportunities such as haulage, road
transportation (cargo & commuters), water
transportation (commuters & cargo), car
wash, importation of vehicles* and spare
A policy by the federal government is in
the making to stop the importation of
vehicles so you might have to look in
the direction of manufacturing,
assemblage, marketing and sales.
The manufacturing sector of the Nigerian
economy is one of the previously neglected
sectors gradually bouncing back to reckoning.
Though this industry has suffered from
neglect, but obviously, as the government
tries to diversify the economy, it is working to
reinvigorate the manufacturing sector so as to
increase its contribution to Nigeria’s
The manufacturing sector is therefore
another solid investment hub and business
area for you. Manufacturing can either be
small or large scale but whichever,
opportunities abound in the manufacturing
of the following: Electric/wire cables,
Cement, Pharmaceutical products, Textiles
& Garments, Automobiles, Iron & Steel,
The real estate sector in Nigeria happens
to be one sector that has been proven to
be a profitable investment hub in Nigeria
with relative returns.
As it where, the real estate industry
involves the purchase, ownership,
management, rental and/or sale of real
estate for profit.
The two viable aspects of Real estate investment
are the commercial Real Estate i.e. an aspect
that covers the use of properties for business
purposes. Such as erecting a building for office
and business activities and collecting rent from
each business that operates within the structure.
Some of the major categories of commercial real
estate include: shopping complex, Ultra-modern
malls, event centres, Office buildings, Recreational
Centres, Hotels and guesthouse, Restaurants &
Fast Food Outlets, etc.
This is whereby properties are being
erected for living purposes.
According to ‘Maslow’s hierarchy of needs’
shelter ranks second in the hierarchy of
human needs, which is the next most
important human need after food.
According to the Nigerian Investment
Promotion Council, Nigeria is richly
endowed with a variety of solid minerals of
various categories ranging from precious
metals to various stones and also
industrial minerals such as gypsum, kaolin
and marble. Much of these are yet to be
Statistically, the level of exploitation of
these minerals is very low in relation to the
extent of deposits found in the country.
There are tremendous opportunities for
investments in the solid mineral sector in
Nigeria. Prospecting licenses for investors
(both local and foreign) to participate in the
exploitation of the vast mineral resources
in Nigeria is granted by the Federal
Ministry of Solid Minerals.
Mineral resources that are present in Nigeria
but not yet fully exploited are coal and tin.
Other natural resources in the country include
iron ore, limestone, niobium, lead, zinc, and
Agricultural products include groundnuts,
palm oil, cocoa, coconut, citrus fruits, maize,
millet, cassava, yams and sugar cane.
Nigeria also has a booming leather and textile
industry, with industries located in Kano,
Abeokuta, Onitsha, and Lagos.
Opportunities exist for the exploitation and
export of natural gas, bitumen, limestone,
coal, tin, columbite, gold, silver, lead-zinc,
gypsum, glass sands, clays, asbestos,
graphite, and iron ore, among others
There are vast opportunities in other areas
of the Nigerian economy such as
Consultancy services especially in your
industry based on your level of experience
and expertise in the maritime related
And not leaving out the Nigerian Stock
market. Investment opportunities also
abound here. But expert advice and
counsel coupled with knowledge of the
market is essential to invest in this aspect
of the economy.
And other General Service areas such as
Consultancy, Dry Cleaning, Retail, Product
merchandising, supplies and marketing,
Telecommunication, Postal Services,
Photography, Security outfit, Tourism/Hotel
and Hospitality, Waste Management,
treatment & recycling, Entertainment
(Talent management, bar, club, pub, etc.)