A List Of Top Investment Opportunities in Nigeria 2024

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Investment involves putting money, effort and time into something and making a profit out of it. Nigeria is filled with a lot of investment opportunities as it has a flourishing business environment.

Lets take a look at the top investment opportunities in Nigeria.

Investment Opportunities

Top Investment Opportunities in Nigeria

Here is a comprehensive list of the top 15 investment opportunities in Nigeria:

1. Investing in FGN Savings Bonds

It is a retail investment program designed to provide Nigerians of all income levels the opportunity of contributing to national growth and development by lending money to the federal government.

Also, it is intended to make savings attractive to the average Nigerian.

In investing in an FGN savings bond, the minimum investment amount is NGN5,000 and a maximum of NGN50,000,000.

The FGN Savings Bond tenor ranges from two to three years and primary auctions are conducted on a monthly basis.

2. Mini Importation Business

You might as well consider starting a small business that is less stressful. Well, if you have less than 200k, Mini importation is one business you should consider right away.

With less than 200,000 Naira, you can start importing products from China down to Nigeria. You can do this with only a mobile phone and makeover 50%-120% profit depending on your niche in a short while.

Mini Importation is definitely a business in Nigeria to invest in You might consider buying out Mini Importation E-book for just 5000 Naira and see the same strategy that helped

3. Investing in Gold

Gold as an investment opportunity in Nigeria is good because its value never falls. If you have 15 karat gold today, it will still be 15 karat even after 20 years but the worth may have increased by tens of thousands fold over that period.

Gold serves as a store of value and seeing it Gold as an investment opportunity is a great idea. To be able to trade in gold products, you must first learn the basics of doing the Gold business.

You must know how they are measured, weighed, and valued. You must also know where to source from and how to identify original gold for investment.

With 200,000 Naira to 1 Million investment capital into gold, you’ll make a good profit.

4. Invest in stocks

Stocks in this category will be the riskiest investment to make for one who has a huge capital, but at the same time can give very return of investments if the deal goes well.

There are so many good companies to put money into and buy shares from them and watch them grow into something huge.

If carefully done, investing in equities can offer an incredible return. Return on equity investment is not only in terms of capital appreciation but it also comes in dividend and script issues or bonuses.

Also, it has been shown that, perhaps, the only investment that beats equities over a period of time is real estate.

It is important to note that stocks are very liquid and it is readily available when there is an emergency.

To achieve enormous success, it is important to carry out a satisfactory investigation of the market foray.

5. Treasury Bills

Treasury bills remain the best investment opportunity. it’s the most secure form of investment in Nigeria because it has very little to zero risks of losing your hard-earned money and is backed by the government.

6. Real Estate

Buying properties in Nigeria have been one of the surest investment one can make especially for a country like Nigeria that is developing.

But one thing is certain about investing in properties in Nigeria, you have to take into proper account the city/town in which the property is located.

Profit returns from places like Abuja and Lagos can never be compared to the profit margins of places like Enugu and Benin.

If you need a quick withdrawal from property investment, then, consider major cities like Lagos, Port Harcourt, and Abuja.

But if you are looking for long-term investment in a property, then, consider places like Onitsha, Enugu, Ogun, and Delta. Just make proper research before diving into anything.

Another secret to getting your way well wrapped in real estate investments if you don’t have much capital is to buy lands in local areas that have high chances of developing.

There are places in Nigeria where you can buy a piece/plot of land for as low as 500,000 Naira. After buying the land, hold onto it for a while. When development starts coming in, use the piece of land for renting services.

7. Investing in Agriculture

This may sound odd but I tell you there is so much money to be made in investing in Agriculture if you go big into it.

The Agricultural sector is raising a new set of millionaires from farming in Nigeria. This trend will continue as governments at all levels continue to drive agriculture as a way of diversifying the economy.

Subsectors that are open to investment include produce farming such as:

Rice
Maize
Cassava,
Beans
Plantain
Pineapple, etc;

livestock production such as poultry, pig, and snail as well as fish farming will continue to thrive.

If you don’t like farming but want the money that comes from it, you may adopt the indirect model by investing in organizations that have the expertise and are engaged in large-scale farming.

These companies use your money to carry out all the processes and pay you returns on your investment periodically and at the end of maturity,

8. Uber/Taxify Business

In recent times, the riding business has grown and is currently one of the best investment opportunities in major cities in Nigeria.

Both Taxify and Uber are on top of the food chain in Nigeria and are going head to head in the riding business.

Currently operating in major cities of the country, Taxify and Uber have provided employment opportunities for young and old Nigerians who are capable enough to run the business.

If you are financially buoyant enough to have more than 1 car, you can register with either of the companies and hire a driver to be delivering your profit at the end of every week.

9. Private Education

The need for skilled tradespersons, computer programmers, and agricultural workers will only increase in demand as Nigeria transforms its economy and becomes an international economic power.

At present, there is an opportunity for private education to offer specific programs that are in demand in the country.

Nigeria is a country with vast underemployment and by offering distance learning or night schools, there is potential for strong investment returns in for-profit education.

As an example, one can look at the success of Curro in South Africa, which began as a private for-profit primary and secondary school and now has a post-secondary offering.

10. Information and Communication Technology Services

Nigeria is one of the fastest-growing internet users in the world. According to Statista, a global statistics company, there were approximately 76.2 million Nigerian internet users as of 2017.

This is an increase of nearly 50 percent from the 2013 figure of 51.8 million.

There are millions of Nigerians who are interested in involving themselves in Information Communications and Technology Services (ICTS).

Furthermore, This new economy does not require someone to be in a specific location to provide the service needed, rather they can be located anywhere in the world.

One organization that has already seen the potential in Nigeria is US-based software trainer Andela. The company offers learning programs for young adults wanting to become computer programmers.

The learning program is a 2-year practical course where the learner interacts with companies around the world and assists them in building programs, websites, and mobile applications.

After the conclusion of the program, the learner is able to provide remote programming support to companies with whom they have built a relationship.

11. Manufacturing

Nigeria’s population is an estimated 186 million people. This population suggests a massive potential workforce, as well as a consumer base.

For a manufacturer, this is an ideal scenario: not only do you have potential customers, but you also have potential employees.

The Nigerian government is eager to expand the manufacturing capability in the country.

To that end, they are offering incentives for manufacturers that are able to locally source their raw materials, for example, agro-allied manufacturers processing foodstuffs such as fruit juices and vegetable oils.

Also, any manufacturing industry that provides multiplier effect solutions for the economy is also in demand.

Examples include machine tools, flat sheet metal, and spare parts manufacturing.

12. Inland Waterway Transport

There are lots of opportunities in the transport industry and the inland waterway is one of them.

Nigeria has a broad network of inland waterways comprising rivers, creeks, lakes, and seas; yet, transportation still remains a challenge because investors are yet to tap into water transportation.

A lot of countries such as Italy, Thailand, etc have effectively been utilizing their waterways as a means of transport; thus reducing traffic congestion on the road.

All you need to do is to incorporate a company, obtain a license from the state and federal government, import or purchase some locally fabricated boats; and you are in business.

13. Establishing a Television and Radio Station

Now it is a known fact that the mass media industry is saturated in Nigeria. However, this is only true for some cities in Nigeria such as Lagos and Abuja.

Most states have no private TV stations and only rely on the government’s own TV stations, which are very incompetent, uncreative, and unreliable.

I see an opportunity for entrepreneurs and investors with interest and competence in broadcasting or mass media. You can either choose to set up a radio station or TV Station.

Also, If you think you don’t have the funds for a license and infrastructure to run a conventional TV and Radio station, then you should consider starting an online radio station, podcast, or Youtube Video Channel.

14. Sewing of Specialized Uniforms

There are over 500 schools (both Crèche, primary and secondary) in Lagos state alone; and each of these schools has a specific uniform or attire for their students.

Okay, let’s look beyond educational institutions. Do you know that other individuals and corporate organizations are in need of uniforms for their security personnel, staff, etc?

There are also a lot of militaries (Army, Air Force, Navy), paramilitary (Civil Defense Corps, Police Force), and non-paramilitary (Road Safety, Traffic Warden, Kick against Indiscipline, Vigilante groups, etc) organizations in Nigeria that make use of uniforms.

15. Construction Company

Nigeria is still a developing country. In terms of infrastructure, it’s set to change in the future. Massive constructions are currently ongoing in Nigeria ranging from bridges, roads, towers, skyscrapers, etc.

Furthermore, If you run a construction company overseas, then this is a business you should invest in.