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| Image Credit: StartupTipsDaily |
In Nigeria, every new year comes with fresh business
opportunities from which people can tap benefits. In that case, we’ve decided
to discuss some of the businesses Nigerians should look out for in 2018. Many
people may not be thinking about these businesses but the factual point is that
they have the potentials of yielding profits on a long-term basis.
opportunities from which people can tap benefits. In that case, we’ve decided
to discuss some of the businesses Nigerians should look out for in 2018. Many
people may not be thinking about these businesses but the factual point is that
they have the potentials of yielding profits on a long-term basis.
If you’re a Nigerian investor who is thinking about
investing in numerous businesses, below are the top 4 businesses to look outfor in 2018.
investing in numerous businesses, below are the top 4 businesses to look outfor in 2018.
Waste Recycling
Modern technology has proven to us that we can benefit
massively from waste recycling. Waste management is profitable but many
Nigerians are yet to venture into it probably because they don’t believe waste products
can be transformed into substantial wealth. Besides the need to spruce up the
environment by clearing it of waste materials, Nigeria really needs to
encourage waste recycling as a way of increasing employment opportunities. Considering
the fact that many Nigerian investors are yet to channel their investments into
waste management, you have glaring chances of making the best out of the
business.
massively from waste recycling. Waste management is profitable but many
Nigerians are yet to venture into it probably because they don’t believe waste products
can be transformed into substantial wealth. Besides the need to spruce up the
environment by clearing it of waste materials, Nigeria really needs to
encourage waste recycling as a way of increasing employment opportunities. Considering
the fact that many Nigerian investors are yet to channel their investments into
waste management, you have glaring chances of making the best out of the
business.
READ THIS: Top 4 Trending Businesses in Nigeria
Cryptocurrency Business
It’s very hard to see people who do not know or have not heard
about cryptocurrencies. Although there are several other cryptocurrencies,
Bitcoin is always the first option that occupies the mind when you think about
cryptocurrencies. Trading in Bitcoin is stark profitable and a proof to clarify
this is that many people have emerged millionaires in the business. As a form
of investment, trading in bitcoin –and any other cryptocurrency –comes with
advantages and disadvantages. Therefore, you’re strongly encouraged to acquire
detailed knowledge of cryptocurrency investment before you venture into the
business.
about cryptocurrencies. Although there are several other cryptocurrencies,
Bitcoin is always the first option that occupies the mind when you think about
cryptocurrencies. Trading in Bitcoin is stark profitable and a proof to clarify
this is that many people have emerged millionaires in the business. As a form
of investment, trading in bitcoin –and any other cryptocurrency –comes with
advantages and disadvantages. Therefore, you’re strongly encouraged to acquire
detailed knowledge of cryptocurrency investment before you venture into the
business.
Logistics
Delivery business is very important and it is definitely one
of the business ways to go in 2018. Many people do not usually have the time to
transport goods by themselves and by reason of this, the service of a delivery
company may be required. In recent years, logistics has been thriving in
Nigeria but one major hurdle is that some people are discouraged by high costs
of shipping goods. But through the emergence of more delivery companies, the
existing ones will have no option but to reduce the prices of shipping just in
order to retain their customers.
of the business ways to go in 2018. Many people do not usually have the time to
transport goods by themselves and by reason of this, the service of a delivery
company may be required. In recent years, logistics has been thriving in
Nigeria but one major hurdle is that some people are discouraged by high costs
of shipping goods. But through the emergence of more delivery companies, the
existing ones will have no option but to reduce the prices of shipping just in
order to retain their customers.
Local Production
Currently, the Nigerian government needs to focus great
attention on local production as a means for discouraging excess importation.
Nigeria is currently experiencing setbacks on the foreign exchange floor and
this has affected the Nigerian naira. To reshape the economy and strengthen
Nigeria’s position in the international market, the government encourages
Nigerians to set up more production units. To avoid paying excess import
tariffs, many firms will surely embrace the idea of local production. Some of
the thriving aspects of local production in Nigeria are cement production and
soap production.
attention on local production as a means for discouraging excess importation.
Nigeria is currently experiencing setbacks on the foreign exchange floor and
this has affected the Nigerian naira. To reshape the economy and strengthen
Nigeria’s position in the international market, the government encourages
Nigerians to set up more production units. To avoid paying excess import
tariffs, many firms will surely embrace the idea of local production. Some of
the thriving aspects of local production in Nigeria are cement production and
soap production.
