Due to the ravaging pandemic, Covid-19, businesses have been closed down and many business owners are suffering loss and plethora of employees are out of jobs. However, some businesses are still active and are cashing out big time due to the increase in demands and scarcity. Here we look at some of these businesses still thriving during this Covid-19.
Restaurant: Many restaurants for now have closed down their shops or offices, but some are still operating and focusing on home delivery. Some restaurant now prefer to do e-commerce, where customers can order online and pay instantly or on delivery. According to findings, the demand for this business is now very high in some parts of the country like Lagos, Abuja and Portharcourt. An example is Ofood. Ofood is one of the special features of the Opay super app that enables users to order food online and get it delivered to the user’s doorstep.
Drug Shops or Pharmacy:With the daily increase in the numbers of Covid-19 patients across the country, many Nigerians are now focusing on healthcare more than before. A reliable survey has shown a rapid increase in the number of drugs purchased in the last three weeks across the country. Some pharmacies have also increased the prices of their drugs three times more than the initial purchased price at the expense of the helpless masses.
Food Vendor: Despite the #stayathome order, Nigerians have continued to visit the markets to purchase and sell food items. Anyone selling food items now, from rice, beans, garri, semo, wheat, yam, pepper, fish, meat, turkey or chicken, and all sorts, is the ‘star’ at the moment. This business of raw food selling can never go wrong anyday, anytime as people must eat. And it’s very lucrative now because people have limited to go far and as a result they buy at any price given to them, sometimes which are ridiculous and outrageous.
Cooking Gas: Those selling cooking gasoline are making enough gains this time. Due to the lockdown, people cook more and this has added to the surge in the demand for cooking gas, and price has also gone high in some places as a result of demand and scarcity. It won’t be a bad idea if one uses this time to set up the business. Gasoline business is always profitable if there is high demand.
Sachet Water: Pure water business is always lucrative in Nigeria provided you are in a good territory with the right demand. At the moment, pure water prices have gone high owing to demand and with claims that the nylon price have also increased. Currently, a bag of pure water is sold for N120 naira and N150 from the producers in some places and despite that there is a high demand for it.
Agent Banking: POS business also known as AgentBankingBusiness inNigeria,is a very lucrative business based on patronage. It involves the withdrawal and transfer of Bank funds. It also involves the payment of utility bills such as electricity and DSTV payment. Though this business owners are not expected to run openly at the moment based on the #lockdown order, some known agents are cashing out big time as they are working from home.
As schools will start later, they have started to introduce online teaching and clock-in programs for students so as not to delay the teaching schedule. Some now offer school training online at a particular fee. And they make money based on the number of students that are able to sign up for the training. Same also goes with other forms of training like digital marketing training and some others.