Investment Opportunities in Nigeria 2022
Are you looking to explore some of the most profitable investment opportunities in Nigeria? Then you’re on the right page.
Nigeria is the most populated black nation on earth, and is filled with investment opportunities capable of making you millions.
If you are a foreign investor interested in Nigeria, below are reasons why Nigeria can be a right choice for you.
Abundant Resources:
Nigeria has enormous resources, most of which are yet to be fully exploited. They include mineral, agricultural and human resources.
Large Market:
Nigeria offers the market in sub-Saharan Africa, with a population of about 120 million people. The Nigerian market potential also stretches into the growing West African sub-region
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Robust Private Sector:
The country has a dynamic private sector, which has assured greater responsibilities under the new economic environment.
Free Flow of Investment:
Exchange control regulations have been liberalized to ensure free flow of international finance. There is now unrestricted movement of investment capital.
Fast Growing Financial Sector:
There is well-developed banking and financial sector. The investor has easy access to working capital and other credit facilities.
Skilled and Low Cost Labour:
There is an abundance of skilled labour at an economic cost, resulting in production costs, which are among the lowest in Africa.
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Below are investment areas you can consider while looking at the investment landscape of Nigeria.
1. Real Estate
Throughout history, some of the wealthiest people have their hands deep in real estate. This is because the need for accomodation is basic to human existence.
As an investment, real estate is profitable and is yet to be fully exploited in Nigeria. So if you’re looking for profitable ideas and investment opportunities in Nigeria to dump your cash, then the real estate venture is the one for you.
Buy properties and flip them for a higher cash. Apart from buying properties, there are other real estate gigs you can participate in. For example, building houses and placing them on rent to people who’ll pay a fixed price yearly for accommodation.
You can also build stores, hostels, event centres, and other structures for different purposes. Acquiring landed properties and reselling them for twice or thrice the initial price isn’t out of the list.
2. Food
We can’t survive and thrive without giving our body the required nutrients it demands. And since this is one undeniable fact, investing in food is one of the most lucrative investment opportunities in Nigeria and in the world.
To grasp the profitable traits in the food industry, you can establish a manufacturing company, set up a mega (or local) restaurant, and even delve into drink production/bottling.
3. Technology
Want to invest big? The tech industry is one place to look. Major tech players in the 21st century are billionaires. And in Nigeria, the tech industry is definitely one of the most profitable investment opportunities to look into.
If you’re able to solve a societal problem, then you’ll be smiling to the bank. Let’s name a few instances… popular Facebook solved the problem of socializing between distance and today, Mark’s net worth is a little above $130 billion.
Bob Parsons ($3.4B) founded the web hosting company GoDaddy. Patrick Collison and John Collison founded the digital payment gateway Stripe and they’re net worth stands at $9.5B at the time of writing.
The point is investment in tech remains one of the most lucrative opportunities in Nigeria that you can think of.
4. Agriculture
Agricultural investment in Nigeria over the years has seen an upward trend due to the relevance of the sector in a nation’s economy. Africa as a continent is blessed with over 60 percent of uncultivated land globally. Researches show that Nigeria has over 80 million hectares of arable land; hence, it means agriculture is a profitable and sustainable sector. This article helps with what you need to know about Agricultural investment in Nigeria.
Presently, crude agricultural practices has been discouraged with the advent of precision agriculture. This is owing to increase in growth of agri-businesses which supports the application of agricultural best practices and the greater participation of women and youths in agriculture. Moreover, with the population of Nigeria at about 180 million and with a high growth potential, there exists increasing opportunities to provide for food sustainability.
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