Although Nigeria is a country with lots of business opportunities, having the largest market in Africa, it is important that you invest right. This means that investing in certain businesses would most likely not yield profit. Notwithstanding, there are trending businesses in Nigeria that are booming due to demand that you can benefit from. Therefore, these businesses easily have a market, with high demand all year long. Here is a list of some of the trending businesses in Nigeria.
What are the trending businesses in Nigeria?
Some of the top trending businesses in Nigeria are:
Metal scrap trading:
this business tends to evade the eye of many due to its messy nature. However, in reality, this business has made many millions in earnings to date. More so, you can earn from this market by simply looking for agents who would go around, seeking, and purchasing scrap metal for you. Also, another option is to set up a scrap depot, leaving it open to individuals who would drop by to sell their scraps. In turn, these scraps can be sold to foreign agents who are in need of it for production. With enough capital, this is a good business to start.
Livestock feed production:
the idea behind this business idea is to tap into high demand, but low competition market. Agriculture has been the recent anthem of Nigeria, with many going into it of late. However, one certain thing is that they need feed for their animals, and you can make money supplying it. In all, livestock feed production is low competition, high reward trending business in Nigeria.
Mobile food vendor:
if you are active on social media, then the concept of a mobile food vendor should not be alien. Everyone these days seem to run an online vendor due to the high demand for quick food at places of work or as gifts. However, this business is more suited to highly industrial areas like Lagos, Abuja, or Porthacourt to name a few. Mobile food vendor is a business that would surely sell.
everyone wants a stylish home with nice pop designs, fancy lights, and most importantly, amazing furniture. Therefore, this trend means that there is a market here, putting it as one of the trending businesses in Nigeria. Amazingly, you do not have to even know how to make furniture. Instead, you can employ professionals who can, while you manage and market the business.
Fitness and beauty consultant:
this is another trending business in Nigeria, powered by the influence of social media. Everyone looks stunning and wants to keep looking stunning on social media, and they could go any length to achieve it. In reality, this includes hiring a beauty consultant to keep the makeups on, and fitness personnel to ensure the belly fat never catches up. Therefore, if you can provide those services, there’s a market for you.
Nigeria depends on importation for a majority of its consumed products. These ranges from phones to laptops, electronic gadgets, computers, and much more. Therefore, this demand has put mini importation as a trending business in Nigeria for a very long time now. More so, you can start yours and earn a good amount of money.
Real estate agency:
housing is one of the sectors that has been on a constant rise in cost within the last decade in Nigeria. However, regardless of how high it gets, people would have to find a way to afford it, as it is a basic necessity of life. Therefore, a real estate agency is a profitable and trending business in Nigeria, and if you are good at networking, you can earn handsomely from it.
Some other trending businesses in Nigeria are:
- Pharmacy store
- Tutorial centres
- Baking and event
- Employment agency
- Bread production
- Sachet water production
- Painting service
- Barbing salon
The businesses listed above have been among the top for a good amount of time now. During this period, it has earned many a lot of money and you can join that list too by venturing into one today.