ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How to make it in Nigeria

Updated on December 17, 2012

Nigeria is a great country and one of the most abundantly blessed in Africa. You can find most of the rich resources in Africa in this single West African country. A nation with over 100 million human capital, good arable soil and mineral resources of which crude oil is the most dominant.

Although Nigeria's economy has mostly shifted to crude oil exportation from the agro based one it once was since the 1980s, there are still a lot of other resource besides oil that can make one successful if he invests wisely.

How do we make it in Nigeria? This would probably be what a lot of young hardworking youths would like to know as many have found out that having a graduate degree may not be sufficient to be a success story in the land of Africa's struggling giant.


Things that can help you to make it in Nigeria

  1. Understanding the culture and tradition
  2. Understanding the religion. It is mostly a conservative nation
  3. A good business idea
  4. Knowing people. The larger your network, the better life becomes in Nigeria
  5. Speaking at least one Nigerian language
  6. Public exposure. Make use of advertising channels like the media and public centres
  7. Making use of modern technology. This can help you beat competition
  8. Knowing the local and Federal laws
  9. Understanding what Nigerians need
  10. Developing and marketing your product or service


Some Business opportunities

Food supply: Nigeria has a growing middle class ans a growing population which has not been quite adequately supported by govt in terms of food supply. Food prices are increasing on a daily basis and it is getting costly to feed a family. There are quite a few investors going into the agricultural sector to produce food products like yams, potatoes, rice and cassava. Cassava and yam are among the most popular types of foods in the country and their prices are rising. There is a lot of good land that remains uncultivated due to urban drift. It would be good business i investors go to those rural areas and do mechanized farming while paying cheap rent on land. Packaged foods like noodles, biscuits and plantain chips are hot selling products in Nigeria. Also road side food selling centres selling fried yams, plantains and bean cakes are also hot selling points and helping to grow small scale food businesses. The food supply industry does not have too many restrictive laws. There are also opportunities in the water supply industry. Nigerians now buy more bottled or satchet water than rely on govt water supply.

Clothing: The price for clothes are also increasing as Nigerians do have a preference for western fashion than local brands. School wears and office wears are mostly western styled.and these are mostly imported into the country and finally sold in retail at high prices. There is hardly no strong local brand that can compete favourably with imported clothes and still offer a cheaper price. So Nigeria still needs a virile local fashion industry that produces clothes at affordable prices too.

Housing: Due to rising price of rent as a result of growing middle class, increasing urban drift and high population, the price on rent is normally high as homes are kind of scarce in big cities. People need more homes but the govt doesn't have a sufficient housing plan that can make houses available for everyone despite the availability of virgin lands. More private real estate companies keep making millions by investing in new affordable homes in newer developing cities close to the centre. Prices for some new homes in Nigeria go from $30,000 to $100,000. Residential homes in Nigeria are mostly fenced round as a form of security.

There are lots of success stories of people who made it in Nigeria in areas such as finance, stock trading, art, services, manufacturing, food packaging, real estate and so on.

Comments

    0 of 8192 characters used
    Post Comment

    • felix09 profile imageAUTHOR

      Felix Okoli 

      5 years ago from Nigeria

      English is also acceptable but you've got to use it with the Nigerian accent. Speaking a Nigerian language is just an advantage but not a necessary condition though.

    • vrdm profile image

      Deacon Martin 

      5 years ago from Bristol, UK

      I guess the main stumbling block is "Speaking at least one Nigerian language". Best wishes, DM

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)