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Best Investment Opportunities in Nigeria

a puzzle image of a dollar on a brown wooden table in Nigeria
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If you are thinking about investing in Nigeria, then you have landed on the right page. The following article outlines some of the best investment opportunities in Nigeria that are worth considering. As the largest investment market in this continent, Nigeria surely offers some advantages to investors.

RELATED: INVESTMENT OPPORTUNITIES IN SOUTH AFRICA

From Farming To Digital Marketing, Nigeria Is Ready For A New Wave Of Investment

Advantages of Investing In Nigeria

Multiple advantages have continued to attract investments in Nigeria.

It has the largest population, making it one of the biggest markets in the African continent.

Further, its unique location makes it the center of business in Africa.

Also, in comparison to most other economies in this region, Nigeria is a low corporate tax economy.

Additionally, it offers a simplified process for starting a business.

Best Investment Opportunities In Nigeria

1. Federal Government of Nigeria

FGN, or the Federal Government of Nigeria, offers a best investment opportunity in the form of FGN savings bonds.

It is ideal for those who want their investments to give regular incomes.

These bonds also contribute towards Nigeria’s growth.

Additionally, they allow investors to earn an income as regular interest payouts.

The amount and term are extremely flexible and are ideal options for Nigerians on a low budget.

So if you are looking for how to invest your money wisely and want to invest them in Nigeria, this opportunity is undoubtedly one of the best.

2. Real Estate

Real estate is another excellent sector for investment in Nigeria.

Unlike the FGN savings bonds, this sector requires a good amount of investment upfront.

After the last three years saw a fall in housing prices, 2019 has proven to be profitable.

The sector has stabilized mostly because the market and economic conditions have improved.

There are also numerous development projects like the Eko Atlantic City.

Such projects symbolize the rise of this sector in Nigeria.

Considering this, now is a good time to invest in real estate.

However, you must do your research.

Also, be sure of the state and city you want to invest in.

For instance, major cities like Abuja, Lagos, or Delta can offer higher returns on your initial investment.

Best Investment Opportunities in Nigeria real estate atlantic-city

However, investment in these cities will also require large sums up front.

There has been a shortage of formal housing in Nigeria in past.

But now, the Government is putting in effort to overcome this problem.

It is also looking at partnering with private sector real estate developers to achieve this.

3. Livestock and Agriculture

Nigeria has largely been an agrarian economy.

Therefore, agriculture has proven to be a profitable investment in the recent years.

Additionally, there is a push from the government to drive investments in this sector.

A large portion of the African continent depends upon farming and agriculture for their livelihood.

This further emphasizes the importance of this sector in Nigeria.

Like agriculture, the livestock industry is also promoted by the Nigerian government.

It is one of the more profitable investment avenues.

However, both these sectors require tremendous hard work and continuous involvement.

Therefore, if you can’t invest the time then you can always align with a local partner.

4. Oil and Gas Sector

As a continent rich in natural resources, the investors have just touched the tip of this business opportunity.

Nigeria is one of the oldest and largest oil-producing countries in the African continent.

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With large deposits of oil and gas, the country is uniquely placed to grow and prosper in this field.

At present, most of the investment is controlled by foreign players.

However, there is enough push from the Nigerian government to attract the locals to invest here.

The government wants citizens to contribute towards the growth of this sector and the national economy.

5. Bottled Water

According to reports, the purified water business is expected to rise in Nigeria in the coming year.

Definitelly one of the Best Investment Opportunities in Nigeria for 2020

This is because still bottled water continues to remain a dominant investment avenue.

Lack of safe drinking water in both rural and urban areas is a contributing factor towards this spike in demand.

While Coca-cola Nigeria remains the main player in bottled water business, numerous local players have emerged to address this demand.

6. Logistics

Because Nigeria is spread over 350 thousand square miles of area, logistics is a lucrative business investment option.

It is also one of the fastest-growing sectors in the world.

Best Investment Opportunities in Nigeria road
Best Investment Opportunities in Nigeria – Infrastructure

therefore, local business owners are pushing the government to improve current state of infrastructure.

These urgings are likely to improve and upgrade the existing infrastructure.

This is likely to boost the logistics sector.

7. Digital Marketing

Nigeria is a late entrant in the internet marketing space.

However, it has been busy playing catch up with the rest of us in the recent few years.

The country’s online presence has been increasing every year.

Further, investing in this sector can turn out to be profitable.

There is an increasing demand for online advertisement.

This has also resulted in new business ventures across all major Nigerian cities.

digital-marketing

However, this demand has highlighted the shortage of supply.

Therefore, if you are interested in this field, then now would be a good time to invest.

Apart from traditional investment methods, online investment platforms gained immense popularity with investors in the last one year in Nigeria.

So we add them like one of the best investment opportunities in Nigeria

You can get an easy and convenient investment experience with these apps.

This digital technology is readily available to one and all.

Additionally, it caters to both experts and beginners.

These investment apps are very user-friendly.

You can access them over mobile phones as well.

This allows you to buy and sell online as per your comfort.

With this type of investment, you can get monthly returns.

Another advantage is that this can be short term investments.

Best Investment Opportunities in Nigeria: Conclusion

There is no shortage of investment opportunities in a growing economy like Nigeria.

Depending on your budget, you can consider any of the above mentioned popular investment avenues in Nigeria.

It is very important that you do thorough research of the business and the sector that you want to invest in.

High return investments usually come with high risks as well.

Therefore, it is equally important to understand the possible risks of entering any investment so that you are better prepared to overcome them.

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