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5 Business Ideas In Nigeria For 2020

Business ideas in Nigeria are never finished or exhausted so long humans are concerned. This simply means that you can think of different businesses to try in the coming year 2020 as 2019 is coming to an end.

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business ideas in Nigeria

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Business ideas in Nigeria are never finished or exhausted so long humans are concerned. This simply means that you can think of different businesses to try in the coming year 2020 as 2019 is coming to an end. You can leverage on the ideas we have for you here against next year 2020.

Businesses ideas when taken seriously has the potential of turning into an empire of its own class over time. It doesn’t matter if the idea you will take steps upon are rare or too common so long you are willing to give it what it takes. In this article, we shall be looking at five(5) business ideas in Nigeria to try for the year 2020. Why we are coming up with these ideas at this point is so that you can calmly plan towards it seriously while taking stock of your exploits for the year 2019. Before making resolutions, ideas (arrows of excellence) should be more your quiver. Take advantage big time.

Some Business ideas in Nigeria for 2020 include:

  1. Production of Homemade Goods and Services:

Homemade goods are goods you can take weekends to make to sell on weekdays while off from work. You can take advantage of some goods that are scarce in your area of residence and be the supplier of it. Be known for it and get a reward from it as well. So, just think of what’s scarce in your area and how to serve it to people and get paid for it. Don’t let anything be a limitation.

2. Export Business:

Nigeria’s economy is gradually bouncing back to its juicy state in terms of import and export but we shall be looking at Business ideas from the export perspective. In 2020, a lot of Nigerian made goods shall have high standards unlike before as most Nigerians are gradually getting used to patronizing Nigerian made goods with a blueprint taste of foreign goods which are high competitors to Nigerian made goods already. This reality hence shows that by prediction, most Nigerian manufacturers are going to upgrade to their customers demand to make sales and this will in turn boost the standard of goods made here in Nigeria.

For anyone interested in mini or mega export of goods in Nigeria, 2020 is the year to take a shot at it. Start learning the business of goods exportation before hand to be fully ready to kick start.

3. Mobile Supermarketing:

On a normal, supermarkets are stationary in a particular spot but why not think of turning your vehicle into one mobile supermarket by selling all your goods or services while on the move. This gives you an edge to access different locations to met your customers without waiting for them to locate your store. Whatsoever it is you wish to sell can be sold via a mobile means if you have a car.

4. Taxi Driving:

While many people see taxi drivers as peanut earners, many taxi drivers and owners are multi-millionaires already from their hard work of barely five years ago. A hardworking taxi driver in a busy city makes averagely N5, 000 which means in a month he stands a chance of making a total average sum of N150,000 and even more. This is a good business to venture into if you have a car of your own or have cars to give out to drivers you will employ to drive about for you. You can make whole lot of cash on a monthly basis from this.

5. Mini Street-Fuel Station:

Currently in Nigeria, power supply is still epileptic on a high rate which means many businesses and homes out there are making use of fuel generators to generate power for business and home use. You can leverage on this current reality and earn extra cash by becoming the closest mini fuel station they know.

All these are solely for you to make some extra revenue to keep growing wealth. Take steps where there are available resources for you to thrive in fields of your choice.

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