10 Great Business Ideas To Start And Make Money In 2023

Starting a business can be a rewarding and exciting venture, and Nigeria, with a population of over 218 million people, is a country with numerous opportunities for entrepreneurs.

However, before venturing into entrepreneurship, it is recommended that thorough market research and careful planning be conducted.

For guidance and support, consider consulting with a business mentor or joining a local entrepreneurship group.

Many people fantasize about starting their own businesses and becoming wealthy.

Because of the high level of competition in the Nigerian market, many people are unsure of the best business strategy to implement in order to maximize profits while limiting their exposure to competitors.

To generate money, what are some of the underdeveloped business sectors and prospects in Nigeria?

This video takes a look at some of the untapped business potential in Nigeria for 2023.

1. Agriculture business
Nigeria is a country with a large agricultural sector, and there is always a demand for fresh produce. Nigerian farmers have access to a wide range of loans and funding choices, which makes this enterprise lucrative.
Consider starting a farm or greenhouse and supplying local markets with fresh fruits and vegetables.

2. Transportation business

Transportation is well-represented on this list of Nigeria’s most profitable companies. You can’t do without this business. People are always on the go. There are many reasons why people relocate, such as for jobs, religious reasons, vacations, or to see a new place. Everywhere you look, there’s always something going on. This is a profitable industry in Nigeria, where there are more than 150 million people on the move.

3. Alternative Energy for Homes
Solar Power, Biofuels, Wind Energy, Biomass Energy, and many more kinds of alternative energy may be utilized in houses. This is a tremendous opportunity for brilliant entrepreneurs who have what it takes to put this plan into action to profit from Nigeria’s poor government and leadership since the country’s electricity supply situation seems unlikely to be resolved any time soon.







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