{"id":314,"date":"2019-06-25T13:54:30","date_gmt":"2019-06-25T12:54:30","guid":{"rendered":"https:\/\/netlight.jsayprevarsityonline.com\/?p=314"},"modified":"2023-03-01T13:30:27","modified_gmt":"2023-03-01T13:30:27","slug":"top-5-sectors-to-invest-in-nigeria-2019","status":"publish","type":"post","link":"https:\/\/netlightsystems.com\/blog\/top-5-sectors-to-invest-in-nigeria-2019\/","title":{"rendered":"TOP 5 SECTORS TO INVEST IN NIGERIA – 2019"},"content":{"rendered":"\n

<\/p>\n\n\n\n

Let\u2019s look at the top 5 sectors of the Nigerian economy you should consider investing your money in.  Whether you are a micro-entrepreneur or owner of a big multinational company,<\/em><\/strong> opportunities abound in these sectors.<\/em><\/strong><\/p>\n\n\n\n

1. AGRICULTURE<\/strong> <\/h4>\n\n\n\n
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Agriculture is perhaps, the most important sector\nof the Nigerian economy.  Experts say investments in agriculture can\nguarantee significant revenue for the investor. They note that depending on the\ninvestment and the type of farm, investors can profit through many different\nways. Experts say agriculture can effectively serve as the other source of\nincome for an investor. <\/p>\n\n\n\n

They say there are many different ways to\ngenerate income on farmland, and many of them are unrelated to the crops being\ngrown. They note that if the farmland contains a large body of water, water\nrights can be sold or rented. For a farmland that is located near a major road,\nexperts say there may be an opportunity to generate income from billboards\nplaced on the land or from cell and radio towers that are built. They note that\nin some cases, it may be possible to sell recreation or hunting leases on\ntimberland or near waterways.<\/p>\n\n\n\n

Experts further state that a farmland can\nnaturally accumulate equity in a similar way that real estate accumulates\nequity as mortgage payments are made. They say if there is a note or debt on\nthe land, income from the farm will be used to pay down the principal, and\nequity will begin to accumulate.<\/p>\n\n\n\n

They say investing in agriculture may not provide\nimmediate returns, but over the long-term, it can pay off greatly. Experts say\nthere is much less volatility in farmland and timberland than in other types of\ninvestments, meaning adding agriculture to your investment portfolio can\nprovide continual stability with the potential for an annual income.<\/p>\n\n\n\n

2.<\/strong> EDUCATION <\/strong><\/h4>\n\n\n\n
\n
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Smart Entrepreneurs are taking\nadvantage of this to create wealth by establishing schools at all levels of\neducation.  Also included in this sector are professional training and\nskill acquisition. The following are the top opportunities that abound in the\neducation sector which entrepreneurs can exploit. The provision of\neducation is a key element of a policy to promote broad-based economic growth.\nEducation plays a great and significant role in the economy of a nation, thus\neducational expenditures are found to constitute a form of investment. This\naugments individual\u2019s human capital and leads to greater output for society and\nenhanced earnings for the individual worker. An insignificant proportion of\nNigeria\u2019s financial resources is spent on education. <\/p>\n\n\n\n

Education is regarded as the best legacy any\nparent can give to his children because it brings out the innate ability and skills in the\nchild to apply in solving any problem in every human endeavour. It is therefore seen as an\ninvestment. This shows that for any nation to maximize\nthe benefits of education for sustainable development, it must invest heavily in education. This is one of the reasons the\nimportance of education will continue to receive the attention of all stakeholders both at the\nlocal, state and federal levels in Nigeria.<\/p>\n\n\n\n

3. ENTERTAINMENT<\/strong> <\/h4>\n\n\n\n
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Entertainment is one of the top\nsectors to invest in Nigeria. The Nigerian entertainment industry is booming\nwith a contribution of 2.3% to the country\u2019s GDP.  A 2017 PWC report\nstated that Nigeria will be the world\u2019s fastest growing entertainment market in\nthe next five years. <\/p>\n\n\n\n

At the moment Nigeria\u2019s film industry,\nNollywood is said to be third largest in the world and Hollywood and Bollywood\nand her music sector is leading in Africa with many local artistes now having\ninternational collaboration with top artistes.<\/p>\n\n\n\n

A lot of investment is required to\ndrive the entertainment industry and most of this will come from the private\nsector. Some of the areas that provide opportunity for entrepreneurs include:<\/p>\n\n\n\n

Movie production<\/strong> \u2013 The movie production subsector is a multi-billion Naira industry. The movie producer handles all the technical and financial arrangement required in making a movie. <\/p>\n\n\n\n

This will range from providing suitable\ncamera and other equipment, making arrangement for locations, travels, costume,\nmake up etc.  It is a whole lot of work which requires huge investment and\nsound management skills.<\/p>\n\n\n\n

Music Production<\/strong> \u2013 Another hot area in the entertainment industry is music\nproduction.  There is a growing number of up and coming artistes who are\nlooking for good studios to record their music.  The key to success in\nestablishing music studio good quality equipment and highly qualified technical\nstaff such as sound engineer and an eye for attracting artiste whose songs may\nbecome a hit.<\/p>\n\n\n\n

Video Production<\/strong> \u2013 Video<\/strong> production has to do with covering\nevents and producing the video the appropriate format.  You will need good\ncamera, equipment for editing, and good location to operate from.Your market is\nwide and includes movie producers, party planners, and corporate organizations\nfor their conferences, AGMs and events.<\/p>\n\n\n\n

4. RETAIL TRADE <\/strong><\/h4>\n\n\n\n
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Retailing is one of the fastest growing sub-sectors of the Nigerian economy and this will be so for a very long time due to growing population, rising consumption, improvement in technology, rise in mobile payment and growing sophistication of the working population.<\/p>\n\n\n\n

Retailers provide massive amount of\ngoods and services to households including food, appliances, furniture,\nclothing and much more.  The opportunities in the sector are massive\nand that is the reason popular global brands such as Shoprite, game and\nspar use that to their advantage.<\/p>\n\n\n\n

The type of retail business you can\nstart in Nigeria will depend on your capital and skill. From a once corner\ngrocery shop or your unit neighbourhood store to the large supermarket chain\nand specialty stores \u2013 the opportunities are enormous. What this means is that\nyou can start retail trading at any scale your finances can and still be\nprofitable. <\/p>\n\n\n\n

5.<\/strong> SOLID MINERALS<\/strong> <\/h4>\n\n\n\n
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Nigeria is richly endowed with\nsolid\nmineral resources.  Unfortunately, this is one of\nthe areas that have been neglected by the government over the years due to the\npreponderance of oil in the Nigerian economy.  However, efforts are on to revitalize\nthe sector and investors are welcome to take advantage of emerging\nopportunities in this sector. <\/p>\n\n\n\n

Some of the solid minerals resources\nthat Nigeria is endowed with and for which opportunities exist for investment\ninclude gold, bitumen, lead,  zinc, iron ore, coal, columbite, silver,\nsand, gypsum, glass and so many others.<\/p>\n\n\n\n

Areas open to investment in this\nsector include<\/p>\n\n\n\n

Mining<\/strong> \u2013 This entails setting up a company  that will deploy\nrelevant equipment to extract these solid minerals such as gold, lime stone,\nzinc etc from the soil and refining these resources for sale in the local and\nexport market.<\/p>\n\n\n\n

Transport Services<\/strong> \u2013 Providing transport and logistics services specifically\nto the solid minerals sector.  Your transport company will provide haulage\nservices to lift the solid minerals or metals from the mining sites to the\nfactories where they will be processed.<\/p>\n\n\n\n

Equipment Rental <\/strong>\u2013 You rent mining equipment such as caterpillar; churn\ndrill, steel pump engine, Conveyor Bridge, etc.  Due to the high cost of all\nthese equipments, most miners prefer to hire them for their operations.  A\nbig business opportunity thus exists here for an entrepreneur who has the\nresources to invest in equipment leasing business to the mining sector.<\/p>\n","protected":false},"excerpt":{"rendered":"

Let\u2019s look at the top 5 sectors of the Nigerian economy you should consider investing your money in.  Whether you are a micro-entrepreneur or owner…<\/p>\n","protected":false},"author":5,"featured_media":1115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[25,28],"class_list":["post-314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-startup"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/netlightsystems.com\/blog\/wp-content\/uploads\/2019\/06\/investment.jpg?fit=259%2C194&ssl=1","_links":{"self":[{"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/posts\/314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/comments?post=314"}],"version-history":[{"count":1,"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/posts\/314\/revisions"}],"predecessor-version":[{"id":1117,"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/posts\/314\/revisions\/1117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/media\/1115"}],"wp:attachment":[{"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/media?parent=314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/categories?post=314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/netlightsystems.com\/blog\/wp-json\/wp\/v2\/tags?post=314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}