In a country like ours, Nigeria, hidden business opportunities abound, waiting to be discovered and harnessed. These opportunities are like gems hidden beneath the surface, often overlooked by business ventures. Most times, they are very lucrative.
In this article, I will show you the list of hidden business opportunities in Nigeria. Well, let’s explore more about the subject matter.
What are hidden business opportunities?
Hidden business opportunities are like buried treasures in the vast landscape of entrepreneurship.
They are potential ventures or niches that have not yet gained widespread recognition or exploitation. These opportunities can manifest in various industries, but they are often obscured by traditional business models. The reasons behind their obscurity can be multifaceted, ranging from novelty to the requirement of specialized knowledge or skills.
Why are they hidden?
Hidden business opportunities remain concealed for several reasons.
First and foremost, they may be novel or innovative, making them unfamiliar to most individuals and often demand specific expertise or skill sets that are not widely accessible.
Furthermore, they might be tucked away in remote regions or emerging markets, making them less visible to business circles.
Top 8 Hidden Business Opportunities in Nigeria
Now, let’s dive into the heart of the matter, the top 10 hidden business opportunities in Nigeria.
1. Transportation
Nigeria’s transportation sector offers various business opportunities. Ride-hailing services like Uber and Bolt have gained popularity in major cities like Lagos and Abuja. You can start a similar service or invest in bike-sharing programs to address traffic congestion and provide affordable transportation options. Car rental services targeting tourists and business travelers are also a good option.
For example, you Launch a bike-sharing program in Lagos, providing a sustainable and cost-effective transportation solution for residents and tourists alike.
2. Agritech
The agricultural sector in Nigeria is ripe for technological innovations. Startups can create agricultural apps that help farmers with crop monitoring, pest control, and weather forecasting. Soil analysis services can assist farmers in optimizing their land for higher yields. This is unknown but I bet if you can do this, it’s a gold that will turn into diamond.
3. E-commerce
Nigeria’s e-commerce market is booming, with companies like Jumia and Konga leading the way. Entrepreneurs can tap into this by setting up niche e-commerce platforms, selling products such as trendy clothing, electronics, and specialty foods.
For example, you can lunch an online store specializing in organic and locally sourced food products, capitalizing on the growing demand for healthy and sustainable options.
4. Education
With an increasing emphasis on education in Nigeria, there’s a growing demand for supplementary educational services. You can start a tutoring center or create an online platform offering courses in subjects like STEM, languages, or vocational skills.
For example, you can establish an online vocational training platform offering courses in trades like plumbing, carpentry, and electrical installation, catering to individuals looking to acquire practical skills. This is one of the hidden business in Nigeria, you can explore, find more.
5 Healthcare
Nigeria’s healthcare sector is expanding rapidly. Consider opening a private clinic offering primary care services or specialize in areas like dental care or mental health services.
For example, you can start a dental clinic in a densely populated urban area, providing affordable and accessible dental care to the local community.
6. Renewable Energy
Harness Nigeria’s abundant natural resources by investing in renewable energy solutions. Solar power, wind power, and hydropower projects can provide electricity to underserved areas and reduce the country’s reliance on fossil fuels.
For example, you can develop a solar power installation company, targeting rural communities without access to the national grid, and provide affordable and sustainable energy solutions. This is yet to be explore fully, so, you can take good advantage of this.
7. Waste Management
Nigeria’s waste management sector needs innovative solutions. Establish a waste management company that focuses on recycling, composting, and efficient waste disposal to reduce environmental pollution.
For example, you can launch a waste recycling company that collects and processes plastic waste into reusable materials, contributing to a cleaner environment and generating revenue from recycled products. That’s all, with this you can make millions of naira most especially if you’re in the urban areas like Lagos, some part of Ogun, the eastern part of the country and the rest.
8. Tourism
Nigeria’s rich cultural heritage and natural beauty make it an attractive tourist destination. Start a travel agency specializing in eco-tourism, cultural tours, or adventure travel.
If you’re interested in tourism, you can create a tour guiding service that offers immersive cultural experiences, including visits to local markets, traditional festivals, and historical landmarks. Alternatively, you can create amusement park and you will be highly compensated.
Read Also: Cheapest Businesses to Start in Nigeria
Conclusion
In conclusion, there are many business yet untapped, hidden and unknown that you can start today and experience boom in it. I hope you find this article helpful. From tourism to the least, make sure you take the one you cherish and start today.
FAQS
What business is in high demand in Nigeria?
Food and beverage business is a classic business that is always in high demand. Nigerians love to eat, and there are many food and beverage businesses that you can start, such as restaurants, fast food joints, canteens, food delivery services, and supermarkets.
What business can I start with 700k in Nigeria?
Poultry farming is a profitable business that you can start with N700,000 investment. You can start by raising chickens, ducks, or turkeys. The initial cost of setting up a poultry farm will include the cost of buying chicks or ducklings, building a coop or poultry house, and buying feed and other supplies. However, the cost of raising poultry is relatively low, and you can start to make a profit within a few months.
What can I sell in Nigeria to make money?
If you’re in Nigeria and looking for what you can sell to make more money, don’t hesitate to read the 4 most significant things you can sell.
- Food and beverage products: Nigerians also love to eat, so there is a large market for food and beverage products. You can sell snacks, drinks, packaged foods, and other food items.
- Electronics: Nigerians are increasingly buying electronics, such as smartphones, laptops, TVs, and other gadgets. You can sell these products online or in a physical store.
- Groceries: This is a staple business, as people always need to buy groceries. You can sell fruits, vegetables, meat, fish, and other food items.
- Construction materials: The construction industry is growing in Nigeria, so there is a demand for construction materials such as cement, bricks, and iron rods.
