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I need your advise on this

Business 61 days ago Participants (1)
  • Oneroblackson

    I have about 10m and I'm thinking of what kind of business I can invest in because I don't want to make a mistake. I'm currently based in Edo state but I'm willing to relocate

Comments (1)

  • With 10 million Naira, you have a wide range of business options to consider in Nigeria. Here are some profitable ideas:

    *Business Ideas*

    - *Filling Station*: Invest in the oil and gas industry by opening a small filling station, which requires a minimum capital of 2-3 million Naira.
    - *Bakery*: Start a bakery business with 5 million Naira or less, focusing on producing staple food items like bread that have consistent demand.
    - *Soft Drinks Distribution*: Become a distributor for soft drinks like Coca-Cola and Smoov with 3 million Naira, catering to retailers and generating substantial income.
    - *Supermarket*: Open a supermarket with 10 million Naira or less, offering a wide range of products and providing convenience to customers.
    - *Real Estate*: Invest in real estate development, buying land in prime locations, or building rental apartments with 100 million Naira for long-term wealth creation.
    - *Agriculture*: Large-scale agribusiness, such as poultry farms, rice or cassava milling plants, or fish farming, can be profitable with 100 million Naira.
    - *Transportation and Logistics*: Invest in a fleet of delivery vans, trucks, or luxury buses to cater to businesses like Jumia and Konga.
    - *E-commerce*: Start an e-commerce store or website, selling products online and generating substantial income.
    - *Food Processing*: Invest in agro-processing, creating added value products and increasing profitability.
    - *Event Centers*: Build a modern event center, boutique hotel, or short-let apartments in urban centers with high traffic.

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