Top 5 Profitable Business Ideas To Consider In Nigeria In 2022

Top 5 Profitable Business Ideas To Consider In Nigeria In 2022

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By Blessing Belonwu

 

Nigeria has an economy that can boast as one of the fastest growing in Africa not just because of its diversities, but the peculiarity of her resources.

West Africa’s pride, as many would term Nigeria is plagued by a myriad of challenges, chief of which are corruption; unemployment; brain drain, and unavailability of structure.

It is estimated by the World Bank report that in 2022, the number of persons who will fall below the poverty line will increase from 89.0 million as estimated in 2020 to 95.1 million.

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We cannot deny the adverse effects caused by the Covid-19 pandemic. Unemployment rate increased drastically as companies or business organisations were forced to close operations, therefore affecting the nation’s workforce.

Lack of readily available jobs in the corporate sector has led many to shift their interest to pursuing self-employment in forms of a wide range of business ventures.

However, it is necessary to know that each business venture is unique and may or may not perform well, due to certain factors.

The year is half spent and some people are yet to find their balance financially. I know that a lot of people are still confused as to what to do and how to go about starting and growing an idea into a profitable business venture.

In this listicle, I hope it helps you make informed decisions on how to better increase your finances (if you already have a job), or start up a new venture.

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What are those business ideas you might consider trying this 2022?

Freelance writing

Writing as a skill could be innate or acquired. Irrespective of which, you can earn while writing. The demand for great writing is high across various sectors. As a beginner, you can look out for freelance writing opportunities online. One thing you are sure to benefit from jobs like this is the freedom to manage your time and work from anywhere.

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Online marketing

A lot of folks spend most of their time on Facebook, Instagram, Twitter, and other social media channels. You may not know that you can earn while interacting with these friends online. You can monetize your social media pages and attract paid adverts from companies that would love to advertise their products or services. What this means is; if you have a large following on Facebook, you can activate ads and get paid for each view. Sweet money, abi?

Recruitment Agency

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In Nigeria, a lot of people are unemployed, and this has led to a lot of people desperately searching for any available job, just to keep body and soul together ( you know what I mean). You can take advantage of the gap in the employment curve by starting a recruitment agency that will connect job seekers to prospective employers. To be able to achieve this, you will need to collaborate with different corporate bodies or companies looking to hire staff. With an added advantage of accurately reading the market, you can expand your recruitment agency.

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Daycare center

In super busy cities where people have busy schedules, parents need their children taken care of during the day. A lot of parents are skeptical about hiring house helps, knowing that they can sometimes put their children in danger in their absence. These parents resort to taking their children to a daycare center when they are away or busy with the ‘Hustles and Bustles’ of life. It does not take you too much to start, just with that small rented room, you are on your way to make weekly or monthly income for yourself.

Online courses

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Is there a skill that you have acquired in a particular field and can teach those skills comfortably or help others develop themselves? Then, being a personal tutor who creates online courses in forms of videos or texts is just what you need to make that extra bucks. Millions of Nigerians buy ebooks or attend webinars that will upskill them in various fields. For example; If you are proficient in copywriting, you can create a course on the art of writing better and people will enroll.

Your knowledge can be used to start a course for others to pay and learn too.

 

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