The best business ideas that are leading the way in Nigeria

Putting The Puzzle Together
Image courtesy of Ken Teegardin at Flickr.com

Nigeria has recently been dubbed as the hub for startups in Africa becoming the country that generates so many successful business ideas turned lucrative businesses that it’s tough to keep track. In fact, Nigerians are setting an example to many other countries showing a slow but steady diversification of their economic structure, stepping away a little from their sole valuable resource for years: oil. This new generation is opening doors and demonstrating that they are a new kind of entrepreneur who can identify and execute innovative business opportunities.

Nigeria’s pool of business opportunities has become quite large in a number of different segments. So, if you’re looking for just the right business idea to develop this is a great place to start.

Fast food business

Getting a food business right is the key. There has to be a mix of good customer service and management, besides the obvious initial capital investment. You do have several options to open a restaurant, either start from scratch or acquire a franchise.  

E-commerce

All of the tools and the collaborative community available at your fingertips will make any ecommerce business easier to get off the ground. This a low-investment start up that allows for easy and on-the-go adjustments with a quick learning curve. The other big advantage is that there are tons of tools to measure the effectiveness of business strategies along the way.

Agriculture

The potential behind agriculture has spread to a few different types and is now leading at the front of business ideas as a replacement for the oil business. Poultry farming is one of the biggest ones, and giving up to 30 million Naira annually. Cassava, which up to recently had not been explored, is now on the rise especially since it is a main ingredient in many dishes in Nigeria. Snail rearing is also on the list, although many people are still not doing it on a large scale. Finally, rice farming, which if managed correctly can bring in a big return, will be able to compete with imported rice and fill the need of the food by choice of Nigerians.

Construction business

The Nigerian population continues to rise and so does the need to build housing. Trying to keep up, the construction and housing business has boomed in the past few years. There is great demand for variety, so there all types of projects available. The investment is considerable, not as much as other businesses, but what you can be sure of is that you won’t be short of work to make the return.

Hotel business

This is a quite competitive business, but if done right it can be just the right timing to get into the hotel and tourism industry. This business idea will require a large amount of capital, planning and patience since it is not a quick return. The key will come down to customer service to get visitors to return and attract new ones.

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Image courtesy of Jeff Attaway at Flickr.com

Haulage services

This is a good business idea that responds to real need in Nigeria. The rail transportation system in Nigeria is very poor, so having alternative for shipping goods is an excellent service to offer.

Dry cleaning

Dry cleaning tends to be a quite expensive business in Nigeria, so finding affordable rates and good quality service is very scarce. To be successful you really have to set yourself apart from the current services offers by keeping to deadlines and offering fair prices.

Furniture business

Again in this case the imported furniture is quite expensive, so being able to design and assemble furniture locally can also be a great business idea. You don’t necessarily have to be a carpenter, you could outsource and just make sure to get a responsible and punctual provider.

Online advertising agency

As mentioned before, there has been an increase in all things online related, so of course other business ideas surge from the booming industry. One of the most relevant nowadays is online advertising which takes care of promoting online businesses and managing marketing strategies for them.

Fashion and entertainment business

There has been a boom in the entertainment business in Africa in general, but Nigeria has definitely stood out especially in music and movies reason why it was coined Nollywood. In 2009 it had surpassed Hollywood as the world’s second largest movie industry, preceded by Bollywood. With this in mind, it is no surprise that the fashion industry followed in line and started to cater to all of the new national and international stars of the Nollywood industry with its particular style. They are setting trends, making big moves in the movie and music industry, so being part of this growing community right now would be a smart business move. The important this is to know where you would fit and what service or product you could offer to the already structured segment.

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Image courtesy of j-No at Flickr.com
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Michael and Cecilia Ibru Foundation Receives Award

nigeria pic The Michael and Cecilia Ibru Foundation recently received an award of excellence in recognition of their significant contributions to the educational field. The couple received the award in December 2014 from the National Association of South-South Students (NASS) in recognition of their efforts to form the Michael and Cecilia University, International School, and College of Education.

The award was presented to the Ibrus by the president of NASS, Comrade Amadi Destiny Obaro, who discussed the power of education to transform the world into a better place and to prepare children to guide Nigeria in the future. He applauded the couple’s dedication to running an educational institution and serving society.

During the event, Cecilia Ibru also spoke. She said that the Michael and Cecilia International School offers a distinctive learning environment with modern facilities where Nigeria’s vibrant culture is recognized and students are taught the Nigerian language. Ibru added that the school began with 20 students and now has over 100. In her remarks, Ibru said that she and her husband would continue to maintain their commitment to educational achievement.

Nigeria Makes Great Strides toward Eradicating Polio

Eradicating Polio pic Highlighting the success of the nation’s anti-polio campaign, Nigeria has seen a significant reduction in the number of polio cases this year. Medical experts predict that with a sustained effort, the country could be completely free of the debilitating disease in 2015.

At the 10th meeting of the Task Force on Polio Eradication, Dr. Ado Mohammed noted that this year Nigeria has only had five cases of polio, a 95 percent decline. Dr. Ado also pointed to dramatic improvements in the quality of local governments’ polio-control efforts.

A polio surveillance system is currently in operation throughout the nation. Its purpose is to monitor the occurrence of polio cases and track the success of the eradication effort. According to Dr. Ado, this system has proven to be robust, although strife in regions like Borno and Yobe has caused some problems.

The risks of violence and the recent Ebola outbreak threatens these recent anti-polio successes, cautioned Dr. Khaliru Alhassan, minister of state for health. He urged the medical community of Nigeria to remain steadfast in the coming years to avoid a reversal of the impressive gains it has made in the fight against polio.

Commemorating 100 Years of Nigerian Women’s Achievements

The year 2014 marks a significant milestone for the people of Nigeria, as the most populous African nation celebrates 100 years of unification. In 1914, British Governor-General Frederick Lugard officially brought together Nigeria’s Southern Protectorate with its Northern Protectorate to form one united colony under the British crown. Nigeria achieved independence from Great Britain in 1960.

Over the past century, the Nigerian people have worked to build up the country’s infrastructure, economy, and educational system. Officials and citizens have designed numerous events over the course of 2013 and 2014 to pay tribute to prominent Nigerians who have assisted in the development of their country.

In April 2013, the nation set aside two days to honor Nigerian women in centenary celebrations. The conference, “Celebrating 100 Years of the Nigerian Woman: Achieving 50/50 by 2020,” also called for a greater female presence in Nigeria’s public and governmental life and increased attention to ensuring full equality.

The conference celebrated great Nigerian women of the past and present, including the legendary warrior queen Amina of the medieval kingdom of Zaria, known to students of history as a great strategist on the battlefield. Among the other women honored were 20th-century educator and women’s rights activist Funmilayo Ransome-Kuti, political leader and civil rights pioneer Margaret Ekpo, and Hajiya Gambo Sawaba, who fought to secure rights for women and children in need.

Public Health Efforts in the Developing World Face Serious Challenges

Background Information from Cecilia Ibru and the Michael and Cecilia Foundation

High-quality health care in the developed world generally is far more readily available than in developing countries. The level of funding and infrastructure to support a widespread public health system varies significantly from country to country, even within the same region. Countries that lack adequate infrastructure suffer disproportionally from disease, malnutrition, and other public health crises.

The recent global economic slowdown translated into far fewer resources available to developing nations to supply health care for their people. Heads of state from nations across Africa have met to set goals for increasing support for public health programs, yet endemic poverty and increasing health-care needs have outstripped available funding. South Africa, for example, recently budgeted more than 9 percent of public funds for health care, but it has not been enough to assist all of the country’s more than 5 million people living with HIV/AIDS.

Nigeria is one of many sub-Saharan African nations facing significant health care challenges in the second decade of the 21st century. Poverty, and the associated lowered access to medical care and stable, sanitary sources of food and water, is a leading cause of disease in the region.

Improving health care is one of the goals of Cecilia Ibru and the foundation she co-founded, which also strives to bring education and employment opportunities to underserved populations throughout her home country of Nigeria. Officials with the foundation hope that the organization’s creation of a university and support for a variety of agribusiness and health care programs will be replicated in other nations throughout the world.