10 New Business Ideas in Nigeria to Start in 2024

In this post, you will the 10 New business ideas in Nigeria to start this year. You will also see steps to start the business and tips to succeed.

There are a lot of interesting new business ideas that you can do. Life is very promising to those individuals who will be diligent and also curious of trying something new.

There is possibility of you starting your own company or investing your money into businesses that are yet to be tapped in Nigeria. In this article, I will be discussing quite a number of new business ideas that you can start this year 2019. Below are these business ideas.

Read Also: 50 Most Lucrative Business Ideas in Nigeria

10 New business ideas in Nigeria to start in 2024

There are quite a number of new business ideas in Nigeria to start by whoever is interested, and below are these new business ideas.

1. Online market

The Internet is becoming a very big digital market in today’s digital age, and is providing huge business opportunities to whoever wants to search, and invest, and then succeed.

Nigeria of today is one of the fast developing nations. Quite a number of Nigerians are now reading news online, and most of them are studying online, whereas others watch tutorials online.

Therefore, the emerging information market is a platform to make money. You can make money here in different ways,  to become a blogger, you can write whatever thing you love on your website and make money.

Or you can be a freelancer by working remotely for most small businesses, even big companies through writing posts, and stories, and how-to guides, and landing pages among other online businesses.

Read Also: 20 Best Home Based Business Ideas in Nigeria

2. Agriculture Business

This business depends so much on agriculture. You know agriculture is one of the important aspects of life generally. Perhaps, this explains why many universities are having agriculture faculty.

Agriculture can be your own business. You can produce bean flour,  you can grow broilers, you can grow fresh vegetables and sell them in the market.

Nigeria for instance, have been offering grants for those farmers who are growing rice. You can also begin your farming business by distributing eggs, and growing fish or providing food for fish farmers, and growing of snails, and flowers, and mushrooms among others.

3. Drop Shipping Business

Students in the country and most young people who do not have enough money to invest in their personal businesses can as well try drop shipping business.

This is popular business idea in many nations of the world. Nigerians can also avail themselves this opportunity  and be part of the chain in this huge retailer system.

You do not have to invest your hard earned money into buying goods rather, work with the manufacturers of these goods. Your work is to transfer the goods, once you recieve orders. You will be paid some percentage from every order that is placed through your own sources.

4. Digital currency market

The coin mining for instance, which seems a bit strange some years back, has made a lot of persons to become millionaires.

Look at Bitcoin which was sometimes sold at about a dollar each is now being sold at thousands of dollars. This cryptocurrency market is actually super-fast growing.

Many who smartly invest in the business are now rich people. The business is a great business idea for Nigerians who know about cryptocurrency as well as, coin mining.

Read Also: 50 Untapped Business Ideas in Nigeria

5. E-commerce

Business on the Internet keeps on developing. Many individuals have seen the need of shopping online. This actually means you have to make sure that you bring your own business on the internet.

For example, supposed you are running a shop where you are selling products or services, or may be you have your own farm where you grow food that would be sold or you are designing, and sewing your own clothes, you can as well, create an e-commerce site where you can offer everything online for sell.

Guess what? Do not be surprised at how many persons will be searching for your kind of goods and services in front of their smartphones and computers.

6. Mobile application development

This business has been one of the interesting business niches the world over, and the business in fast growing. Is a kind of business that you can get involve by helping big companies and organizations in developing their mobile apps or you can help them by ensuring that they start their personal company that can creates these applications for other organizations and companies.

On daily basis, hundreds of applications are added to mobile stores and these apps is reaching millions of downloads from across the world. This can actually become your own perfect business idea if you wish.

7. Environment protection

Our environment need to be protected, and this is one of the business ideas that is making the rounds the world over. How do you go about this business?

Just help in the work of protecting the nature and then earn your money. How do you start? Consider waste management, as well as, recycling programme and you are on your way to making money.

This is the area, where people turned waste into wealth. Another business under this platform is the recycling of used mobile phones as well as, other waste. All that you need to do is to think.

Read Also: 50 Good Business Ideas to Start in Nigeria

8. Transportation

Consider transportation for instance., people are travelling from one destination to another almost on daily basis. These individuals need means of transportation.

These could be taxi services, it could be goods and food delivery among others. People every day are moving and they are migrating and as a result, numerous business opportunities are being offered, and you can get involve and grow your small private business into a company. What about courier services and other interesting opportunities? Just think!

9. Manufacturing

You can create something! For instance, homemade soap or you can design a dress. Can you mix with cement? What about working with wood? Anything! You can produce something.

What about things like matches, and paper products, and clothes, and furniture, and milk, and meat among other things. It could be your own chance to starting your own lucrative business in your own community.

10. Baby Center

The business of daycare is gaining popularity in today’s modern society. When fathers and mothers are busy with full-time jobs on daily basis in order to have both ends meet.

Therefore, a situation such as this, they will be looking at somewhere or somebody to take care of their children, while they are away for work.

So establishing a baby center can simply be a very good business idea for anybody in this country. You can make it a daycare center, or you can make it a preschool activities or good still, you can even make it a childcare company with the sole aim of looking after children, and educating children, as well as teaching them fine arts.

This business is quite a brilliant business idea that is yet to be tapped, and you can even start the business in your home.

Read Also: 20 Business Ideas You Can Start Without Capital

Conclusion

The above are those interesting new business ideas that you can do. Life is very promising to those individuals who will be diligent and also curious of trying something new.

There is possibility of you starting your own company or investing your money into businesses that are yet to be tapped in Nigeria.

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