Discount retailers should seriously consider entering the market. Moreover, retailers in Nigeria do not offer discounted products. Today, even centers of modest sizes cannot gain sufficient traction. The existing retailer base fails to meet domestic demand. Value retailers see untapped potential in the local market. Focus on industrial equipment or tractors. A company providing efficient repair services will always have customers. As a result, agricultural equipment may be idle for weeks, which hinders work. At the moment, spare parts are not always available. They are willing to pay for high-quality servicing. For farmers and farming companies, maintenance is a major pain in the neck. It is another profitable niche with guaranteed demand. Like vehicles, these machines tend to break down sooner or later. Maintenance of EquipmentĪgricultural equipment, such as tractors, requires regular servicing. On the other hand, you may share your knowledge with a vast audience for a fee - for example, by establishing your own Forex training center. On the one hand, you can make a profit trading. Nigerians trade currency pairs, precious metals, stocks, and various CFDs through the Internet. Accounts denominated in the Nigerian naira enable holders to avoid conversion fees. For instance, the Forex demo account is free. International brokers like Forextime are adapting their offerings to the local needs. One does not need considerable investment, as entry may require just $10. The beauty of Forex is in its accessibility. This domain offers diverse opportunities. Today, the biggest financial markets are a tap away, and locals enjoy the freedom of Forex trading via platforms and apps. Before the pandemic, the country had the second-biggest volume of daily fx trades. The local population is actively engaged in currency trading. At the moment, the only saturated segment is tier-A education, while tier-B and tier-C have considerable potential. There, a single chain may connect as many as 40 schools. A faster and more efficient way is to copy an existing model.įor example, it is evident in the educational system of India. It is not necessary to start from scratch. Centralization of services and modern management software will allow you to benefit from economies of scale. However, brick-and-mortar schools are also needed, as the restrictions will be lifted eventually.Įxperts suggest creating a chain of branded schools. Online courses and tutoring are increasingly popular. The demand for private education is growing, and the pandemic has stimulated interest in distance learning systems. They are satisfied with 45-square-meter apartments with shared utilities, as long as key transport hubs are not far. Most of them leave early in the morning and come back late after socializing with friends and coworkers. These professionals spend little time at home. Young people are not looking for large spaces. These residents are looking for build-to-rent properties to cut their costs. Student housing developers are seeing substantial demand, which boosts their bottom line. The local real estate sector has an important and largely untapped prospect - housing for young professionals. Today, the country consumes as much as 7 million tonnes per annum. This makes cultivation a viable opportunity. The gap between local supply and demand is roughly 2.5 million tonnes.Ĭonsumption of rice in Nigeria has grown a lot since the 1980s. Today, the country still imports massive volumes of the seed. Nigerian love rice, but the country does not produce enough to meet domestic demand. Nigeria is the most populous country in Africa, so the market is immense. Here is a look at the most profitable sectors in 2021. Nigeria offers a wide range of opportunities to aspiring entrepreneurs.
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