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Business & Investments1 posts
Top 10 fastest growing industries in Nigeria
Top 10 fastest growing industries in Nigeria
Here are a list of the fastest growing Industries and businesses that have the most opportunity in Nigeria:
Agriculture
Agriculture has become one of the leading industries in Nigeria with many millionaires are being created every year. We have found that many Nigerians have moved back and invested heavily in this sector seem especially keen on investing in agriculture. Now that the oil industry is not as fast growing as it previously was,new sectors of the economy has now been unlocked.
Poultry farming
This sector has been fast growing over the last 4 years as the Nigerian government clamps down on imported meats and Poultry products from abroad. With a country of more than 150 million people there is a massive appetite for food products and sustainable farming products in Nigeria.
Cassava production
Cassava is one of the most highly sought after food products in Nigeria, it is one of the most consumed products and has seen tremendous potential as an investable crop.
Furniture production
Manufacturing furniture in Nigeria is a massive business with many entrepreneurs setting up lucrative factories. This has a been a big change from the once imports heavy industry.
Oil and Gas
Oil and gas has been one of the biggest industries in Nigeria for a long time. With an almost abundant supply oil and gas, this industry will be one of the largest in Nigeria for a long time.
Haulage and transports
With a massive population and a large Geographic area logistics is an obvious issue for many people and businesses in Nigeria. finding Solutions that can better keep the country connected and keep goods moving fast and freely is an obvious money maker.
Hotel and lodging businesses
The hotel and short term rental sector is a booming industry in Nigeria this is not necessarily due to tourism and an external visitors from outside of Nigeria but mostly due to a vibrant internal travelling population within Nigeria that are happy to spend on lodging.
Property and real estate
Property and real estate is a very good market for local investors especially those who are Naira rich. There are plenty of opportunities to buy undeveloped land and develop housing or other property types that can be rented for very good Returns.
Nursery and primary schools
Nursery and primary schools especially run by the private sector has been a massive growing global trend as more parents including mother and father are forced into the workforce. This has boosted the requirements for extra assistance and help by the private sector to provide adequate nursery and primary schools, this trend has continued in Nigeria.
Exporting of raw materials
Nigeria is not Known known as an industrial nation but where we lack entrepreneurs who are willing to to build and manufacture we are blessed with abundant resources of raw materials. Those who can find or mine raw materials, especially those who can process them for exportation can find themselves making very good and fast Returns.