Northern Nigeria is the most populated region in the country, and this large population presents divers business opportunities for entrepreneurs to exploit. In this article, we are going to examine some profitable business opportunities entrepreneurs can venture into, and make money in Northern Nigeria. Information Guides Nigeria
It is a matter of fact that most of Nigeria’s resources, apart from crude oil are concentrated in the North. This might be due to the fact that the country’s capital is located in the North, making the nation’s money to flow from the region. jamb result
Therefore, some businesses, especially those we are about to discuss in this article are highly profitable in the region. If you make the right choice among the businesses we analyse here, you will be successful and will make a lot of money doing business in northern Nigeria. Read on as we look into the following 10 best business opportunities in Northern Nigeria. This will certainly show you how to make money in Northern Nigeria. Best Ideas to Make Money
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1. Production of Leather Products:
Leather Products such as shoes, bags wrist watches, etc. have low production cost because they are produced closer to the raw material. Since animals skins are used to produce leather Products, and animals such as cattle, camel, rams and many more are available in the North. Their skins are easily processed as leather for the production of the above mentioned items; the Northern part of Nigeria serves as the production hub for shoes, bags, robes etc. Therefore, if you think of a business you can do and make profit, think of the production of Leather Products.
Ever imagined how Northern Nigeria without crude oil survives in the country alongside her southern counterparts who boast of oil? Agriculture is the secret. Northern Nigeria is indisputably the base of agricultural activities. Although the South is blessed with the most agriculturally friendly weather in Nigeria, Southerners seem to have been carried away by the pursuit of oil revenue which is dominant in the region. NNPC recruitment
And the North on the other hand, despite their weather challenges exploit agriculture and thrive economically alongside the South. Staple foods such as rice, yam, beans, cereals, corn, soya beans etc. are supplied from the Northern region. Also, vegetables such as garbage, onions, ginger, garlic, carrot, water melon etc. are also grown in the North.
As a result, both government and donor agencies focus seem to have been shifted to Northern farmers. Farming instruments, seedlings, fertilizers and other farming facilities including money in form of loans, grants and even policies are concentrated in the North. Therefore, it has presented ample opportunities for farmers to succeed in Northern Nigeria.
3. Cloth Manufacturing Business:
Since cotton is planted and is highly available in the North, cloth manufacturing business is always and will ever remain a boom in northern Nigeria. Therefore, if you intend to establish a flourishing business in Nigeria, you can take advantage of the availability of cotton in the northern part of the country to establish a cloth manufacturing business and reap your profit there. Why Manchester United are Called “The Red Devils”
4. Vegetable/Groundnuts Oil Production:
Since Groundnuts and vegetables are cultivated in the North, production or refining of vegetable and Groundnuts Oil promises to be highly profitable. Since vegetables such as garbage, carrot, ginger, garlic and others are available in the North, production of vegetable oil in Northern Nigeria is potential for high return in investment where you can make money.
5. Private Security Outfit:
Given the level and persisting insecurity and upheavals and high rate of crimes like killings, bombing, kidnappings and banditry, running a very strong security outfit can be a profitable business where you can make money in the northern Nigeria. Individuals and organisations in Northern Nigeria are constantly in search of security personnel to protect their private and business premises. Therefore, if you can establish and run a private security outfit in the North, both individuals and organisations will patronise you and you will make money.
6. Sales of Security Gadgets:
You can also make money in northern Nigeria by selling security gadgets such as Barton’s, teargas, boots, daggers etc. But before you venture into this kind of business, you have to obtain a license from the appropriate authorities in order not to be accused of illegal dealing in security gadgets. How to Make Money Selling Baby Items in Nigeria
7. Trading of Gold, Diamond and Jewelry:
Since gold and other precious stones such as diamond are naturally deposited in the North in large quantities, the region serves both as a point of departure for raw gold and diamond, and the first port of call for the finished products in form of jewelry. In addition, golden and diamond jewelries are very affordable in the North due to the availability of the raw material in the region. Also, wearing jewelries by high and low society women tends to be a dominant culture, it make dealers of the product to be highly profitable businessmen in the country. dollar to Naira rate
8. Truck Hiring Service:
The transportation of cattle, Rams, goats, agricultural goods such as beans, groundnuts, tomatoes, leather, corn, onions, and many more products to other parts of the country makes truck hiring business a money spinner in Northern Nigeria. It would be of high cost for the farmers to afford trucks to transport their agricultural produce to other regions like the South. This makes it possible for Truck Owners to maximise profit as they convey those goods to their designated destinations.
9. Export of Agricultural Products:
You can take advantage of the availability and affordability of agricultural products in Northern Nigeria and establish an export business empire. to export those items to other countries that might be in need of them. JAMB CAPS
10. Food Processing and Packaging:
Another business sector that booms in Northern Nigeria is food Processing and packaging business. Since these food items are available in large quantities in the North, processing and packaging them gives them transformed and modernised identity and makes them duly preserved. If you establish and run a food processing and packaging business such as production of yoghurt, fruit juices, milk etc. you will make money in northern Nigeria.
Northern Nigeria is a good business hub for entrepreneurs to explore. The large population and availability of raw material makes the North a highly profitable region to invest and make money in Nigeria. As a businessman, looking for areas to invest and make money in northern Nigeria, any of the above business ideas will be highly lucrative.
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