Nigeria’s population is estimated 186 million people. This population suggests a massive potential workforce, a readily available market and an ideal setting for investment. After deciding to invest, the next thought on the mind of a potential investor is: ‘where can I possibly invest to get maximum returns?’ Here are a number of top investment opportunities in Nigeria.

Information and Communication Technology Services

Nigeria is one of the fastest growing internet user community in the world. According to reports, there are approximately 76.2 million Nigerian internet users as of 2017 showing that millions of Nigerians are interested in Information Communications and Technology Services (ICTS). ICT services do not require one to be in a specific location to provide the service(s) needed, rather, they can work remotely.

Nigeria has one of the largest markets for ICT in the world. A lot of organisations, the government at various levels, corporate bodies and individuals, now have their businesses online as it provides wider reach and enhances the ease of doing business.

Agriculture

Nearly one-third of all employed Nigerians find themselves working in the agricultural sector, which is one of the country’s source of revenue.  Nigeria’s growing population translates to a growing demand for agricultural products since food remains one of man’s basic needs. Thus, the Nigerian government has set up incentives to help modernise and mechanise their agricultural industry. Subsidies on fertilisers and zero import duties on the raw materials needed to manufacture livestock feed are some of the incentives to attract investors to this sector. Also, there is the release of grants from the Raw Materials Research and Development Council for researches and developments that lead to the greater domestic use of Nigeria’s raw materials. 

FGN Bonds

FGN bonds provides one of the best investment opportunities for people because of its reliability, security and unlikelihood to collapse. The FGN bonds are issued by the Debt Management Office (DMO) in the name of the Federal Government and have a timeframe - between 2 and 20 years depending on the desires of an individual. These bonds are issued by the government to take care of various needs like housing, power supply and other infrastructures.

The minimum amount required for subscription (first-time) is N10,000 and other subscriptions can be done in the multiples of N1,000. There is an interest accumulated which varies depending on the timeframe chosen by an investor. This interest is paid twice a year until the timeframe lapses and the principal is returned to the investor. In simpler terms, it is borrowing the government money and getting an interest in it.

Real Estate

Many have made a fortune in real estate and continue to do so because housing needs will always be in demand. As a potential investor, one can decide to buy landed properties and resell at a later date when the value of such properties have grown. The land(s) purchased can also be leased for a certain period of time since it appreciates alongside its value.

For those who can afford to start big, it is advised to purchase various lands in commercial and highbrow areas and develop certain structures. Residential and office buildings alongside warehouses are recommended. There is also a large demand for rentals, therefore, it is guaranteed to rake in profits. Apart from renting, buildings can be sold too. Some people do not like to go through the hassles of building a house or an office; they like to purchase finished products as they regard it as time effective. The demand for such properties is on the increase so an investor is urged to seize the opportunity.

Mini Importation

You can start a mini importation business and make money from importing items like electronic gadgets, computer, phones, laptops, clothes, shoes, jewelries and other items that are always in demand.