Make hay while the sun shines. So now you would want to put those savings together and invest in some of the top fastest growing businesses in Nigeria. Right?
Moreover, most of these businesses don’t demand much capital and they can be grown overtime by any serious profit-oriented individual. An entrepreneur to be more precise.
This is not ideally for anyone with less enough budget. Those who started with the lowest amount reported as high as #1 million capital with machinery assets. Don’t have anything close to that stack up in an account? And yet don’t think loan is your thing? I’ll advise you move ahead to my next two models. But before you move on, perhaps you may have a change of mind with an insight of the opportunities in food processing, here’s how the system works.
Food processing is all about processing raw foods into consumable products. And it’s the biggest industry out there taking the lead of ICT which comes up next. You may decide to go into any of these markets and still make it big from the $48 trillion industry;
- Beverages making
- Garri processing
- Palm oil/groundnut oil processing
- Rice milling
- Yogurt production
- Tomato puree manufacturing
- Frozen food
Pure Water and Bottled Water Business
Nigeria’s most-consumed water is the packaged one in sachets and bottles. And the reason behind it is the popular belief that bottled and sachet water are the purest form of water. In fact, owing to this belief, sachet water is popularly called pure water. So if you’re looking to get started, neatness and hygiene must be one of your characteristics, bearing in mind that water production is capital intensive.
The basic capital includes; registration with NAFDAC and CAC, a piece of land in a hygienic location, water-production machines, a labor force, and a transportation solution which may be outsourced.
Immediately after establishment, especially in a commercial area or an industrial state like Lagos, your brand gets known largely. Even without having to spend money, time, and effort on brand awareness as with most businesses.
No technicality needed. Just an entrepreneurship mindset/traits and you can become your own boss right away.