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There are untapped business opportunities in every industry both in Nigeria and all over the world; you just need to dig deeper to find such niches. While there are untapped business opportunities in every industry, this post will be pointing out the fastest growing business opportunities in Nigeria. If you’re a non-Nigerian or a Nigerian in Diaspora wishing to start a business in Nigeria; then you will find this list of very useful. A lot of things have been said about my country Nigeria and her harsh business terrain. If you are a non-Nigerian entrepreneur or a Nigerian in Diaspora; then this is my take about starting or doing business in Nigeria. If you are an experienced serial entrepreneur or an entrepreneur with guts; then you should know that one of the best places to invest your money and build a business is in a developing terrain. Nigeria is a developing country and one of the best places to invest or build a business is in a developing environment. Though the risk ...

CATFISH AND POULTRY Farming The first of the fastest growing business opportunities in Nigeria is catfish farming. The primary reason I listed catfish farming as one of the fastest business opportunities in Nigeria is because it’s an emerging industry that hasn’t reached its peak or full potential. The major players in this business are usually regional players. What this means in essence is that each major player in the catfish farming industry is focused only on a particular business terrain within the geographical location of the farm. All you need to do is look for a region with a growing demand that haven’t been covered by a major player and situate your business there. As for poultry farming, the ban imposed by the federal government of Nigeria with respect to the importation of live or frozen poultry birds has only helped explode the demand. When accessing any of these business opportunities listed above, you must note three important facts. *Food is one of the basic n...

INLAND WATER WAY TRANSPORT Inland water way transport is one of the fastest growing business opportunities in Nigeria. In fact, I believe the niche is still untapped because I am yet to see a modern commercial boat or ferry service system in Nigeria. Though there are a few operators in this industry, I’m yet to see the modern facilities being used by the developed countries. Another reason inland water way transport business proves viable is because population in states such as Lagos, Ogun state and Rivers is rapidly on the rise thereby resulting in the congestion of roads. Since the roads are becoming heavily congested; the next means of transportation the inhabitants of these heavily populated states will resort to is water transport. With proper planning, a good management team and adequate funding, you can break into this untapped industry and carve a niche for your business.

INFORMATION AND COMMUNICATION TECHNOLOGY When it comes to ICT, I will say Nigeria is lagging behind when compared to the western world. It may sound like bad news to you but to entrepreneurs and investors, it is good news. ICT is still an emerging trend that hasn’t reached its peak so a lot of opportunities exist for both local and foreign investors. I won’t go into the capital intensive business opportunities that exist in the ICT sector; rather, I will stick with small and medium scale business opportunities.

E-SERVICES Just as the world is going e-crazy, so also is Nigeria catching up with the trend. E-services provision is still a virgin business opportunity that hasn’t fully been tapped. Under the umbrella of providing e-services; you can find the following fast growing business opportunities: E-payment, bulk sms services, web design and hosting, database management services, e-portal management, etc.

SCHOOLS A lot of institutional and private investors have gone into building quality schools and providing quality education but the potential has not been reached. With a population of over 150 million Nigerians, where 65% are below 40; there’s still untapped potential in this niche. You can access this business opportunity from different entry levels. You can tap into this niche by providing either crèche, primary, secondary or tertiary education but all entry levels holds strong potential. Please carry out your own analysis before investing in any level of this business opportunity.

SEMINARS Not everyone loves being educated within four walls of school. Some prefer street smart education or high speed learning and that’s where you come in. You can set up a seminar company that organizes coaching services according to the current needs and trends of the society.

TRAINING CENTERS Specialized training or educational centers is another fast growing yet untapped business opportunity in Nigeria. Examples of specialized learning centers are Leadership training schools, entrepreneurial centers, training center for the gifted and physically challenged, training center for hobbies and crafts, etc. In conclusion, I want you to know that of the numerous business opportunities and potentials available in my country Nigeria, I believe the ones listed above are potential money makers but I emphasize you do your own feasibility study before investing a dime in any of these business opportunities.

Powdery soap are mostly used in the washing of cloth, mopping of floors and many other applications that the user might deem fit. You are advised to ensure that you keep strictly to the formulation. EQUIPMENTS Same as in the production of laundry soap plus drier and pulveriser (mesh net) FORMULATION TABLE Chemicals and the required quantity Palm kernel oil or fatty acid 4 LITRES Caustic soda 1 KG Soda ash 2 KG Hydrogen peroxide (H2O2) ½ LITRES Ammonium 30 MILI LITRES (MLS) Industrial salt (Na2CO3) 150 MLS Colourant TO TASTE Perfume TO TASTE Foaming agent 250 MLS Sulphuric acid 30 MLS PROCEDURE Prepare the caustic soda solution as described in the production of laundry soap and ensure that the density is at the stated value. Allow to stand for three days (72 hrs) minimum. You can allow it to stand for more than three days if you want but should not use when it is not up to 3 days. The reason why some powdery detergent is corrosive is because the caustic soda did not blend long enou...

These are very powerful cleaning agent. They are more powerful than the ordinary soap. It can be used for a variety of things ranging from laundry to dish washing. You can start the production with a very small amount of money.EQUIPMENTS REQUIRED Mixer, weighing scale, graduated cylinder, stirrer FORMULATION TABLE Chemical required and their quantity CDEA 500 GRAMS STPP 300 GRAMS Table salt (Nacl2) 75 GRAMS SLES 1 KG Fragrance TO TASTE Colourant TO TASTE Water 8.5 LITRES PROCEDURE Measure out the required quantity of all the chemicals Put the SLES into the mixer and add little water to it Stir to smoothness To the solution above add 500 grams of CDEA and continue stirring to smoothness. Add water occasionally as the need arise. Put the STPP in separate water and stir well Add the STPP solution into the mixer and continue stirring Dissolve the salt in little amount of water and add to the mixer while continuing stirring Add the perfume and continue stirring Package the detergent i...