Share 0 Shares Palm oil processing and its distribution in Nigeria has become big business. This is characterized by the many new entrants investing with the hope of reaping considerably profits. With the zeal to invest comes the need to put the necessary structures in place.
Agro-products exportation Nigeria is blessed with a lot of food and natural resources; and most of these natural resources are raw materials needed for the production of some finished products. You can become an exporter by simply registering with the Nigerian Export Promotion Council and decide on the specific product you wish to export.
A good example of a product you can buy and sell for huge profits is Palm Oil. Mining Nigeria is blessed with a lot of mineral resources like Limestone, Coal, Iron ore, Bitumen, etc.
Aside this, the mining industry in Nigeria is set to take off because the federal government in June implemented a policy to drive forward the mining industry by declaring the importation of mining equipment duty free. The government is also going after many dormant investors who were granted mining licenses but are not utilizing it.
This act I believe, will spur the growth in the mining sector.
Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News. Palm Oil Plantation Business Plans And Feasibility (Get an irresistible one) These includes; How To Start A Palm Oil Business In Nigeria, The Complete Guide on "PALM OIL PRODUCTION AND PROCESSING BUSINESS PLAN". The Federal Republic of Nigeria, commonly referred to as Nigeria (/ n aɪ ˈ dʒ ɪər i ə / ()), is a federal republic in West Africa, bordering Niger in the north, Chad in the northeast, Cameroon in the southeast, and Benin in the west. Its coast in the south is located on the Gulf of Guinea in the Atlantic attheheels.com federation comprises 36 states and 1 Federal Capital Territory, where the.
If you have the financial capacity and a team, you can position yourself in this sector. Setting up a private mini refinery There are lots of business opportunities in the oil and gas sector.
Building a private refinery and refining crude oil is another business you should look into because there is a lot of potential in it. In Januarythe federal government announced the partial removal of subsidy and with a long term plan to totally remove fuel subsidy.
Now with the total removal of fuel subsidy, investors will now have the opportunity to set up their own refinery and produce fuel. Are you among those that think the total fuel subsidy removal is a pipe dream?
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As atthe government is undergoing research and consultation to set up modular refinery an opportunity in 6 oil producing states in the south. This is curb the activities of pipeline vandalism and illegal refining of crude oil a problem. Honestly, i understand that not everyone have the financial capacity and technical know-how to invest in a private refinery.
Well, you can still tap into the oil and gas sector by setting up a filling stationstarting a mini kerosene retailing depot or establishing a cooking gas retailing outlet.
Which ever one you choose, you will surely make money. Inland waterway Transport There are lots of opportunities in the transport industry and inland waterway is one of them.
Nigeria has a broad network of inland waterways comprising rivers, creeks, lakes and seas; yet, transportation still remains a challenge because investors are yet to tap into water transportation. A lot of countries such as Italy, Thailand, etc have effectively been utilizing their waterways as a means of transport; thus reducing the traffic congestion on the road.
All you need to do is to incorporate a company, obtain license from the state and federal government, import or purchase some locally fabricated boats; and you are in business. Establishing a Television and Radio Station Now it is a known fact that the mass media industry is saturated in Nigeria.
However, this is only true for some cities in Nigeria such as Lagos and Abuja. I have travel through several parts of the countries and discovered that most states have no private TV station, and only rely on the government own TV stations; which are very incompetent, uncreative and unreliable.
I see an opportunity for entrepreneurs and investors with interest and competence in broadcasting or mass media. You can either choose to setup a radio station or TV Station. A lot of Nigerians have made fame and money running on a low cost model by simply using the internet.
Setting up a security company There is a huge demand for excellent security services in Nigeria.
As the government battle to improve the security situation in the country, individuals and corporate entities are now becoming aware of the fact that security is not the responsibility of the government alone; it is a collective responsibility.
Hence, the current increase in demand for security guards, bodyguards, executive protection professionals and security gadgets or devices. As an entrepreneur or investor, you can setup a security guard recruitment or training company, or you can setup an executive protection or bodyguard agency.
Also, you can import and retail security products and safety devices. Do you know that other individuals and corporate organizations are in need of uniforms for their security personnel, staff, etc? You can position yourself as a uniform supplier and make money from it. Construction company Nigeria is still a developing country especially in the area of infrastructure but this is set to change in the nearest future.
Massive constructions are currently on-going in Nigeria ranging from bridges, roads, towers and skyscrapers, etc. If you run a construction company overseeor you have the financial capacity to assemble the needed team and machinery for a construction company; then this is a business you should invest in.
I also know the stress, effort and resources it took me before I got an office space both within and outside Lagos.A report by Agro Nigeria has alleged that there is a conspiracy against Nigeria’s palm oil sector. The report specifically fingered the Malaysian government’s decision to suspend export taxes.
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The various oil companies in Nigeria have employed contractors to handle most community projects (total contractors), other areas of contract award are security, clearing up of oil .
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This is characterized by the many new entrants investing with the hope of reaping considerably profits. With the zeal to invest comes the need to put the necessary structures in place.
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