There is nobody who doesn’t want financial freedom and that’s why we need businesses that give money In Nigeria.
Being financially free is one of the best things in life.
This allows you to acquire the things you like, increase your wealth, and ultimately create a platform for yourself.
Which also empowers others.
So, how then can one attain this financial freedom we are talking about?
Well, the simple answer to gaining financial freedom is owning a business.
Not just a business, but a profitable business (i.e one that gives you money).
So, do you want to find out about these businesses that give money in Nigeria?
If your answer to the aforementioned question is positive, then you are reading the right post.
In here, you will see a list of 10 Businesses that give money in Nigeria.
These businesses are well trusted.
Also Read: 12 Daily Income Business Ideas In Nigeria
10 Businesses That Give Money in Nigeria 2020
This list is splitted into two parts.
For the first part, we will see 6 small scale businesses that give money in Nigeria.
While for the other part, we will explore 4 medium-big scale business ideas that give money in Nigeria.
Small Scale Businesses That Give Money In Nigeria
Here are the small-scale businesses that give money in Nigeria.
1. Dry Cleaning
This is an easy business that gives money in Nigeria.
As a dry cleaner, all that is needed is a small shop, an ironing board, and an electric iron.
You can even get a washing machine if you want, but this is not necessary.
Starting your own laundry shop in a good position can be very profitable.
There are a lot of people who need the services of these dry cleaners all the time.
These laundry men make a lot of cash from the laundry business.
A lot of people prefer that these guys handle their clothes, as they seem to have a certain professional touch.
There is hardly a day that a dry cleaner goes without a customer.
This should tell you how profitable this business is.
It is a small-scale business that gives money here in Nigeria and you should consider it if you are good with laundry.
Just make sure that your business is well publicised and also in a good position.
2. Local Restaurant
If you are good at cooking, you can as well consider opening a restaurant today.
Don’t know how to cook?
No worries… You can just hire a very good cook if you want.
Everyone eats out in a restaurant once in a while.
In your restaurant, you can focus on a particular local dish that people love.
Having a specification can be very profitable, as people will always come to you when they are in need of such kinds of dishes.
To open a restaurant, you just need to rent a space, buy a gas cooker, and buy some plastic tables and chairs.
Once you start this, it grows fast.
This is a very lucrative business that gives money in Nigeria.
You can start it today, as it requires little capital.
The major expense is the renting of space.
Every other thing requires little cash.
3. Pure Water Distribution
This business requires just a little capital, but it is one of the most profitable in this list.
There is nobody in Nigeria who doesn’t buy sachet pure water.
As a pure water distributor, you just need to buy the bags in bulk directly from the factory, then you can distribute them to stores and homes around you.
This business is very lucrative, and it gives money in Nigeria.
A lot of people make cool cash from this already.
This business is very flexible, and it can be operated by almost anyone.
4. Palm Oil Business
Palm oil is a product that is of very high demand here in Nigeria.
Today, one big eva bottle of palm oil costs about #900.
This should tell you how much palm oil distributors and retailers make.
You can just get in touch with local distributors so you can supply to market sellers, store owners, and homes.
This business is a very lucrative business, and you should start it today.
There are so many companies around the world that manufacture things that require palm oil.
This is very lucrative, and you can start this business with even as little as #10,000.
5. Frozen Food Supply
Frozen Foods like chicken, ice fish, and the rest are products that are of very high demand here in Nigeria.
Everyone buys these products, and thus the profitability in this business.
You can just contact people who are already into the business to know more about the business.
Once you contact major importers and bulk discount suppliers, you can just buy these products and sell them to people around you.
You can even start this lucrative small-scale business at home.
All you need for a start is a good fridge, and a sign post.
This will tell people the kind of business you do, and it will attract more customers to you.
This business gives money, and it is actually not too demanding to start up.
You can try it today to tap into the cash flow that comes with it.
Trust me, this business gives money in Nigeria.
6. Local Detergent Production
This is currently trending in Nigeria, and a lot of people love it.
It may be surprising, but some people already prefer these locally made detergents in Nigeria.
People who produce these products make a lot of cash from it.
The good thing about it is that these locally made detergents and soaps are very easy to produce.
However, you still need someone to teach you how to do it.
Paying someone to show you how it’s done is not really an expensive thing.
This can be done with less than #20k including the cost of materials.
Learn how to make this, and start doing it today.
These products are in high demand, so people who produce them make a lot of gain from them.
Medium-Large Scale Businesses that give money
Here is the medium scale business that gives more and fast money in Nigeria.
7. Oil and Gas Transportation
We all know that the oil and gas industry is the most lucrative industry in Nigeria.
As an oil and gas transporter, you can buy tankers to start lifting oil products for companies and individuals.
Most tankers you see transferring oil products are owned by oil and gas transportation companies.
You can even start with one or two tankers, and then you can grow from there.
Nigeria is an oil nation, and these products are always available for lifting from one point to another.
If you have what it takes to start this business, then you are already wasting good time.
All you need to do is to get an Office, register a company name with the Corporate Affairs Commission (CAC) in Nigeria, and put at least one or two tankers to get started.
This business will expose you to several opportunities in the oil and gas sector.
Give it a try today.
8. Hotel Business
Another business that gives money in Nigeria is the hotel business.
If you have the capital needed, you can just build and furnish a small hotel with about 10-20 rooms.
As long as your hotel is classic and clean, people will always be available to book a room.
The hotel business is very lucrative and with 10-20 rooms, you can even make above #20,000 per day from this business.
You just need to make it clean and it also has to attract customers.
If you do the maths yourself, you will discover that this is a very lucrative business.
As a hotel owner, you need to employ a trustworthy manager.
A manager can decide to improve your business, and he can also ruin it for you.
One additional piece of advice is for you to place your hotel in a good position where people can easily find it, and also place signboards directing new customers to your hotel.
This will maximise your customers.
9. Snail Farming
Starting your own major snail farm in Nigeria is one business that is very lucrative.
All you need to start a major snail farm is good land space, good snail housing (you can hire a professional to set that up), and good feeds.
This business is very good, and it is currently under-tapped in Nigeria.
A major snail farm should be able to produce about 100 bags of snail per harvest.
Now, let’s do some of the maths here.
If a bag of snail currently costs about #35,000, then producing a hundred bags should give you about #3.5million naira.
This is the lowest price you can get for a bag of snail.
It can even cost more,and you make these millions about two or three times a year.
Can you see the mighty profits in the business?
If you have the requirements, start a snail farm today.
This business gives money in Nigeria, and you can tap into it today.
10. Transport Company
We all see these buses owned by transport companies whenever we want to travel.
These transport companies make millions on a daily basis.
Starting a transport company is not as hard as it seems.
Once you have your own loading points and you have registered your business name with CAC, you can start with as little as even only 5 buses.
This business is very lucrative, and you can make mighty gains from it in no time.
Final Thought on Businesses That Give Money In Nigeria
You can see the businesses outlined in the list.
They are all very lucrative businesses that can give money in Nigeria, and you can start any of them today.
In all, I hope you found this article useful…