Abuja to many is the “promised land”; a vast land waiting for the brave-hearted to dig into its untapped treasures and mine from the secret resources it hides. As the capital city of the most industrious country in Africa, Nigeria, as well as a growing economy, thousands of local and foreign investors have steadily streamed in, in search of greener pastures.
Take, for instance, the real estate sector that has seen a surge as more people are increasingly settling for the quiet and urban life of Abuja’s districts as against the upbeat Lagos rhythm. Schools and colleges are establishing buildings every square inch of the FCT. Strategically located residential houses are daily being converted to supermarkets, malls, pharmaceutical stores, etc. Medical professionals are not left out as clinics and private hospitals are not popping up everywhere.
For a city less than 40 years old, Abuja is indeed becoming a hot business destination. If you are asking “What business can I do in Abuja?”, here are 19 lucrative business ideas you can look into investing in Abuja:
1. Hair salon/barbershop
Women are ever ready to pay any amount if it will enhance their beauty and men will always groom their hair. Simply ensure you find a strategic location, set up shop and watch the customers roll in. Residential-commercial zones are always best for hair salons or barbershops because of the ease of access.e6wy
People must stock their houses with groceries such as bread, ketchup, salt, sugar, and the likes. A neat shop in a strategic location will earn you a decent amount every day too!
Commuters are in desperate need of alternative means of transportation. Whether it is a trip downtown to their favorite restaurant or a visit to their local churches or mosques, people must move. Taxi drivers in Abuja are some of the highest-earning entrepreneurs with some raking up to 15,000 naira a day! A duly registered transportation company that offers comfortable rides to customers can attract you a decent daily earning. It is even better if you look into carpooling services.
3.School uniform design/supply
There is nothing more attractive than a student in a smart uniform. Some schools directly sell their uniforms while others refer you to where you can buy the school’s colors. You can start a uniform shop, coupled with some stationary, maybe textbooks and other school essentials.
4.School bus service
For most working-class people in Abuja, it is a tedious task to drop and pick their children from school. So long as your company is duly registered, your vehicle is in good condition and you prove your trustworthiness to parents, you are bound to get a lot of committed clients for your school bus company.
5.Agricultural and farm products (including beef/fish/ chicken)
Chicken, beef, and fish are some essential nutrients that everyone ought to include in their meals for a healthy diet. You can set up a cold-room/ store in a strategic location and market these items. Farms are also the in-thing at the moment. The new rave in town is organic produce and farm-fresh meat. If you can afford it, think as big as owning a cattle ranch or poultry. Think along those lines and you won’t regret it.
Sometimes, falling ill is inevitable. If you are a medical professional and have the funds, think private healthcare systems and start a clinic no matter how small. Ultimately, the average Nigerian will go where they can be treated well in times of failing health conditions. If you have the capital, think health, because health is wealth and Nigerians know that absolutely!
Sometimes, you can drive for up to thirty minutes within the FCT without sighting a fuelling station. Whether we like it or not, we must buy fuel to enable us to move around. If you can afford to own a fueling station, go ahead! It is a worthy business with high and worthy ROI.
The people of Abuja work as hard as they play. They love gardens and lounges, somewhere they can sit, have some cold drink, gossip, catch up with friends, watch soccer, eat fish and buy shawarma. It will do much damage to their pockets, but bring in BIG money for you!
9.Real estate/Construction Company
As they say, real estate is “real business”. When entering the FCT, one of the prominent billboards you will see belongs to the Real Estate and construction company, Brains & Hammers. The FCT is Nigeria’s fastest-growing city, and every day, hundreds of people move to the city in search of greener pastures. If you can go into the mass construction of affordable houses, you are bound to make cool cash! Alternatively, you can also set up a real-estate consulting firm, where you offer sales/marketing services to real estate developers/homeowners or partner with an already established construction firm.
10. Sell Building Materials
Building materials go hand in hand with real estate. You can partner with construction firms and deliver the materials they need for their projects
11. Interior Design
While the real estate sector is booming, so is the demand for interior designers. After all, what’s a house if the inside does not look as beautiful as the outward appearance? Someone has to make the inside look beautiful after all! It can be your interior design business.
When people move into a new home, they buy the essential electronics they need in their living spaces. Others simply may want to go for more trendy designs or the latest tech versions of what they already have. From phones, fridges, refrigerators, chargers and the likes, the demand for electronics is high. There are quite a number of such shops in Abuja, but if you can assure your customers of high-quality products (with warranty), they will come back for more.
13. Furniture Store
Abuja is becoming famous for trendy furniture designs. It has actually become so famous that foreigners from Ghana, Togo, and other neighbouring countries come all the way to Abuja to buy authentic and high-quality furniture. It’s good business even though it requires rigorous marketing. A trick you can use at entry-level is to offer hand-crafted designs that compliment your other existing offers.
Abuja is considered one of the safest cities in Nigeria yet residents still record some crime cases every now and then. It is absolutely important that every business outfit or residential quarters are provided with burglary and theft-proof security measures. Finding a trustworthy security outfit can also prove to be difficult, thus a security company with well trained and well equipped honest staff will thrive.
15. Dog Breeding
Dogs in Abuja are also big necessities. Asides the fact that they provide companionship for their owners, if you live in a big compound or a big estate, you should consider getting one as a security measure. One dog can sell for N50,000 to N200,000. Big money!
Abuja is the life of the party. Almost every weekend, there are weddings, birthday parties, child naming ceremonies and the likes that require serious cooking. Catering companies always rake big from such. With effective marketing, good referrals and tasty food, you can make it big from this business venture.
17.Event Hall/Tent rentals
This goes hand-in-hand with catering services. Almost every weekend, there are weddings, birthday parties, child naming ceremonies and the likes that require either event halls or tents. Halls go for not less than N150,000 to N 1.8 million a day! Another way of making serious money oooh!
18.Short-term Skill acquisition training sessions
A wise person will always see knowledge as an important asset, thus people are always willing to spend an extra dime on skill- acquisition courses that will position them for financial freedom. Such courses usually range from as cheap as N5,000 to N100,000 depending on what is being taught. You can actually turn whatever skill you may have mastered into a course and teach others for a decent fee.
You can recruit people for firms looking to hire new employees and get a percentage off their first salary. Simply position yourself on sites like LinkedIn that have active job seeker. Additionally, you can offer resume writing and other related services.
A few other businesses you can start in Abuja include affordable solar energy for homes, computerized mechanic services, concierge services, souvenir making, event management, delivery services. home tutoring services, ‘haute couture’ fashion design services…the list is endless.
We’d love to hear from you should you start any of the businesses we have recommended. Good luck as you invest in Abuja!