Thursday, December 22, 2011


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Before I proceed with any detailed explanation, I want to state clearly that there are untapped business opportunities in every industry both in Nigeria and all over the world; you just need to dig deeper to find such niches. While there are untapped business opportunities in every industry, this book will be pointing out the fastest growing business opportunities in Nigeria. If you are non-Nigerian or you're a Nigerian in Diaspora wishing to start a business in Nigeria; then you will find this list of fastest growing business opportunities in Nigeria very useful. A lot of things have been said about my country Nigeria and her harsh business terrain
. If you are a non-Nigerian entrepreneur or a Nigerian in Diaspora; then this is my take about starting or doing business in Nigeria. If you are an experienced serial entrepreneur or an entrepreneur with guts; then you should know that one of the best places to invest your money and build a business is in a developing terrain. Nigeria is a developing country and one of the best places to invest or build a business is in a developing environment. Though
the risk is high, so also is the reward. Like I said; if you are an entrepreneur with guts to take on business challenges ; then this is for you. If you are hungry for entrepreneurial ideas and information; then sit back, grab a cup of coffee and read on as I present with you a detailed list of fastest growing business opportunities in Nigeria. This business opportunities will be divided into sectors, to enable you choose the sector you will be going into, study and not their law, so that you will not be a victim of illegality. They are:


Catfish and Poultry Farming

The first of the fastest growing business opportunities in Nigeria is catfish farming. The primary reason I listed catfish farming as one of the fastest business opportunities in Nigeria is because it’s an emerging industry that hasn’t reached its peak or full potential. The major players in this business are usually regional players. What this means in essence is that each major player in the catfish farming industry is focused only on a particular business terrain within the geographical location of the farm. So all you need to do is look for a region with a growing demand that haven’t been covered by a major player and situate your business there. As for poultry farming, the ban imposed by the federal government of Nigeria with respect to the importation of live or frozen poultry birds has only helped explode the demand. When accessing any of these business opportunities listed above, you must note three important facts. One, food is one of the basic necessities of man, thus making catfish and poultry farming a huge potential. Two is that the population in Nigeria is estimated to be over 150 million and growing so that entails a growing demand for food. Three is that even if the local market with 150 million Nigerians gets saturated (which I strongly doubt as this niche is still in its adolescent phase), there’s still a growing demand for catfish all over the world. So do your own in-depth analysis and put your money to work for you


Importation Of Wears

Importation of clothes (designer wears) into Nigeria is another fast growing business opportunity you can tap into but I must warn you; you will be breaking the law if you engage in this business because there’s a ban by the federal government on the importation of wears. I listed this business opportunity for those who have the entrepreneurial guts to take calculated risk. Another reason I listed the importation of wears as one of the fastest growing business opportunities in Nigeria is because the ban cut short its supply thereby leaving a gap of demand that can only be filled by brave entrepreneurs. Please don’t assume I am trying to hype you or something; I know of some player in this line majoring mainly in men’s designer wears which is imported from China and India. they source corporate wears from Hong Kong because of the quality of their finished product. Enough said.

Sewing Of Specialized Uniforms

If you don’t have the entrepreneurial guts to go into the importation of wears; then you can set up a small scale textile firm that will specialize in sewing uniforms. The demand for uniforms is on the increase in Nigeria; from the crèche to the labor market, uniforms are highly in demand but it’s advisable you do your own detailed research before venturing into the business. You can write a proposal to banks, school, organizations marketing your services to them. you know what it means when you grab the contract……………steady stream of income


Inland Water Way Transport

Inland water way transport is one of the fastest growing business opportunities in Nigeria. In fact, I believe the niche is still untapped because I am yet to see a modern commercial boat or ferry service system in Nigeria. Though there are a few operators in this industry; I am yet to see the modern facilities being used by the developed countries. Another reason inland water way transport business proves viable is because population in states such as Lagos, Ogun state and Rivers is rapidly on the rise thereby resulting in the congestion of roads. Since the roads are becoming heavily congested; the next means of transportation the inhabitants of these heavily populated states will resort to is water transport. With proper planning, a good management team and adequate funding, you can break into this untapped industry and carve a niche for your business.

Outsourced Bus Service

This is similar to haulage and logistics but the cargo in this case is humans. I am not talking about the regular road transport bus service; in fact, I don’t think I have seen the idea for this business been utilized by anyone.

Now in this case, you are providing transportation services to firms and corporate entities. Some corporate organizations can’t afford an in-house transport system for its executives and staff, so this is where you come in. You provide the cars or buses, provide the drivers and you are paid on a monthly bases or contract bases for the use of your transport services. Another area of target is schools. Most schools would like to provide transport facilities for their students but they can’t afford it and this is where you come in. You provide a bus service system and send out a proposal to schools to use your bus services. Just imagine 20 or more young schools jointly using your student bus service system. All you have to do is effectively prepare your proposal and how the work will be done. I know to some young entrepreneur, the question will be how can I get a bus. I will simply advice you hire (hire purchase) two or more which in the process you will be given a discount, employ others( drivers) to assist you…. I tell you in three months you will never be the same.

Thou ,When it comes to ICT, I will say Nigeria is lagging behind when compared to the western world. It may sound like bad news to you but to entrepreneurs and investors, it is good news. ICT is still an emerging trend that hasn’t reached its peak so a lot of opportunities exist for both local and foreign investors. The opportunity here are yet to be tapped.

Cyber Café

The demand to stay connected to the rest of the world is rapidly on the increase and the cost of internet connection is still on the high side when compared to what is obtainable in the western world, thereby making cyber café an alternative for internet users; and an investment opportunity for entrepreneurs. This business can be started either on a small, medium or large scale but I will prefer a large scale because size can be a competitive edge for you in this business as customers won’t like to be kept waiting. Customers of this industry want speed and efficient service and most importantly; they want to be sure to find a vacant computer system anytime they want to surf the web without having to wait in line. If you can get a good location; provide speedy internet access and provide complementary services; you are in for a breakthrough. This market continue to rising, I know you will ask yourself, where can I get money to buy computers? This should not bother you again because you can find places in ikeja, Onitsha (dealers) where you can buy computers as low as N8000 to N10000, all that is require of you is to connect it to the internet, business don start be that. Also you shoud buy equipments like printers, photocopy machines, and also offer services like typing, designing and computer traning. Just effectively and efficiently apply all this then you are good to skyrocket to the sky and above…

Recharge Card Printing Business

Recharge card is one gsm product that every gsm user has not been able to live without. Recent research shows that recharge card business is one of the fastest selling products in the country, counting over 8 million patronages per day. This market is still growing and will grow to become part of the existence. The reason is because this has come to stay with the capacity to generate in millions of naira from Nigerians who can not do without the use of recharge card to connect with different people for different purpose. In this report I wil guide you on how to tap into this money making venture. One good thing about this business is that it is not affected by th economic meltdown, the sales is always their. And there is no competition what you need is effectively apply your marketing strategies.

To get started with this business, there are different form of investment opportunities, it depends on the one you want to venture into. In this business you can become a dealer, a sub dealer and a small scale investor, all this depends on your capital. For you to become a major dealer you must have enough money to get the gsm operators to listen to you, together with other requirements, which vary differently from gsm operators, as a dealer your business will be more successful and you will also be entitled to incentives like car allowances, housing allowances e.t.c. if you don’t have what it takes to be a dealer your next option is to become a sub-dealer. A sub dealer, your account will be attached to a dealer but the supply and provision of the recharge pin will come directy fro gsm operators( MTN,GLO,ETISALAT e.t.c), as a sub dealer the incentives granted to a dealer will not be given to you. Not having a huge capital to invest in, does not mean that you are counted out of business. You can also become a small scale investor. As a small scale investor you can start printing recharge vouchers with as little as a N10,000 by dealing with a licensed sub dealer, whom the gsm operator has given the sole license to distribute their pin.

As a small scale investor, you will be able to negotiate with the dealer or the sub dealer on how much they will be selling th pins to you. One thing about this business is that it will not make you rich overhnight but will make you survive the economic hardship and again note that little profit re-invested into the business will surely get you to the top.

In this business what material do you need to get started? to get started with this business you will
A Computer, A Printer, Software, A Bulk Pin
A machine that prints recharge cards without computer and a printer.

It is not necessary or compulsory that the computer be connected to the internet is only when you want to copy the pin you will be receiving for the dealer or sub dealer via email address. Hence you can use cyber café if you don’t have personal internet access, here also a plain paper will be needed for the printed. The dealer you patronize will give you the give you the software for free, thou some will charge you for the software and installment.

If you have capital like N10,000 or even N20000, it wil make sense if you patronize a dealer that will give you the software for free. Some of the software is with login feature which the dealer will give you the username and password. Just find the a major and reputable dealer to deal with, some have website while some don’t have.

Just contact the dealer and collect the bank details pay into their account, then you can snd them text like send me 100 PINS (MTN 100), I have paid to your account,, also you have to send your teller number and other details that will be necessary for confirmation, you will get the information of what is required and how fro the dealer or sub-dealer you are partnering with.

In this business another question is who are your customer, here every body using gsm is your customer and everybody selling your recharge card is your customer, just know and devise a strategy to market this pin by first creating awareness, checking what other are selling and you may cut off a little to attract them and make them your customer , on the long run you can increase the price, for more details on how to go on an successfully market your recharge cards contact and to get the list of dealers in Nigeria you also contact me for more details. Success as you rip into this business.

Photography And Graphics

If you come to Enugu there is a studio called 042, the service of this guy is N250, N300 just for one shot but you will see people rushing. Here what am trying to say is not just buying camera and snaping, NO the main thing in this business is packaging, the way you packet your services will attract more customers who will also call their friends and family while coming. You will be able to design photographs that will look, smart, simple and colorful to the test of the client. Just ask him or her how the pics will be. In this you will be patient coz you will not expect to big rich overnight is your hard work that matters.


Just as the world is going e-crazy; so also is Nigeria catching up with the trend. E-services provision is still a virgin business opportunity that hasn’t fully been tapped. Under the umbrella of providing e-services; you can find the following fast growing business opportunities: E-payment, bulk Sms services, web design and hosting, database management services, e-portal management, etc.


The need for education is on the increase and the burden to provide quality education is getting heavier for the government to bear thereby, leaving room for private and institutional investors. The following are ways you can tap into the potential opportunity.


A lot of institutional and private investors have gone into building quality schools and providing quality education but the potential has not been reached. With a population of over 150 million Nigerians, where 65% are below 40; there’s still untapped potential in this niche. You can access this business opportunity from different entry levels. You can tap into this niche by providing either crèche, primary, secondary or tertiary education but all entry levels holds strong potential. Please carry out your own analysis before investing in any level of this business opportunity


Not everyone loves being educated within four walls of school. Some prefer street smart education or high speed learning and that’s where you come in. You can set up a seminar company that organizes coaching services according to the current needs and trends of the society like our own internet marketing queen efe imiren

Training Centers

Specialized training or educational centers is another fast growing yet untapped business opportunity in Nigeria. Examples of specialized learning centers are Leadership training schools, entrepreneurial centers, training centre for the gifted and physically challenged, training centre for hobbies and crafts, etc.

Tutorial Centers

With the proliferation of academic and professional exams, tutorial centers have joined the list of fastest growing business opportunities in Nigeria. You can access this business opportunity by choosing or specializing on a training need. You can focus your proposed tutorial centre on any of the following: ICAN, GMAT, WAEC, JAMB, GSCE, CIS, job interview training, etc.

Customized Exercise book production

This is a good opportunity for you to become mega rich because this business is the one that the market is their and will continue to grow so far there is education, keep of records, writing e.t.c. and I thought if it will ever stop growing. You must have seen many exercise book with pictures of revered celebrities, politicians, exotic places, soccer, club jerseys, football coaches e.t.c as your cover design. All you need to do is to follow the following steps:

Ø Think about the kind of design you want the cover. The character you want to feature on your cover that will boost your marketing efforts and give a smooth penetration into the market.

Ø Think of the quantity you want to start with. This will determine the quality of paper needed and hence the capital you are to look for.

Ø Take it to someone that has a ruling machine to do the ruling for you

Ø The next stage is what is called stitching.

This business is lucrative, for more detail contact me


With a global increase in the awareness of environmental degradation and its hazard, the world has resorted to finding an alternative “green energy.” Nigeria is not left out in this global awareness that has created massive opportunities for smart entrepreneurs and investors. If you feel green is the next business trend on board, then below are the fastest growing business opportunities in the green energy and technology sector of Nigeria.

Waste Management

With an increased awareness in the need for environmental conservation; opportunity has popped up in Nigeria in the area of waste management. When analyzing the waste management business opportunity, I observed that two factors are responsible for the potential in the business and you must make sure these two factors are in place before deciding on an area of service.

One is a bursting population and the second is a strong environmental policy and its enforcement. So far, two states in Nigeria that has taken the lead with respect to these two factors and these states are Lagos and Imo state. But I believe great potential still lie in other states of Nigeria. Do your own personal research before venturing into this industry. You may end up being the manager waste and environment of one location

Waste Recycling

The next fastest growing business, yet untapped business opportunity in Nigeria is waste recycling. I don’t need to expatiate on this as the details are clear. You can venture into either bottle and can recycling or nylon recycling. You can even embark on a waste to green (manure) project as Nigeria has a huge demand for organic and inorganic fertilizer
 Source : Enairablog

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