Investment Opportunities in Nigeria

Investing Opportunities In Nigeria

Reasons To Invest In Nigeria

                              

There are over 186 million people living in Nigeria. With such a staggering large amount of people in this West African country, it only makes sense that they also have the largest economy within Africa. With so many people in this country to possibilities in the ways that they are productive as a whole are so limitless. Nigeria is so rapidly growing progressively, that many Nigerians from abroad are clamoring to move back to capture the magic that is going on in Nigeria. Read on below to see how you too can be apart of this booming development.

Agriculture/Livestock Farming

(Photo Source: Nigerians Talk)

With so many mouths to feed, it is obvious why this industry will always be an important sector in any society, especially Nigeria. With over a third of the Nigerian population working in this industry, this is clearly still a very important market in the Nigerian economy. Great opportunities to invest in the Agricultural/Livestock Farming Industry includes the following:

• Investing in increasing the technical know-how of the participants in the Agricultural industry
• Investing in crude equipements
• Investing in the raw materials used to manufacture livestock feed
• Investing in research pertaining to developing the technology to mechanize this industry

There are great incentives provided by the Nigerian government for those that invest in the Agricultural/Livestock Farming industry, such as companies in this field having pioneer company status, which qualifies them for tax incentives. 

Information and Communication Technology Services

(Photo Source: AFDB)

This is a rapidly growing industry in Nigeria that is attracting many foreign investors to Nigeria. They have the biggest internet based users in the world. There are venture capitalists that are seeing a growing trend of internet entrepreneurship including cashless payment companies, social networks, and retail. There are many investors who are looking at this opportunity as a great way to invest in this booming economy without getting tangled up in the politics involved in big energy or infrastructure projects, and hostage to falling oil prices. 

Factors that have made this sector grow and thrive is the availability of reliable internet with telecom companies boosting data capacity, while new payment companies have made online transactions safe. To read more about the booming internet industry that is taking over Nigeria, check out this Financial Times article. 

Real Estate

With over 186 million inhabitants in Nigeria, it's all to clear that real estate is an industry that will always be there. People will always be looking for homes, offices, restaurants, etc. Whether investing in real estate development directly through purchasing plots of land or renting out buildings, or investing in the development of shopping centers, conference halls, residential apartments, etc, everyone can find a way to be involved in this important industry. To read more about exciting real estate investing opportunities in Nigeria, check out 3invest.org, Richtopia, WealthResult, and Global Property Guide. 

To read more about the many different investing opportunities in Nigeria check out Small Starter, Vangaurd Nigeria, Financial Times, and Forbes.

Check out the books below to get more insider's information on investing in Nigeria: