Numerous startup market ventures are very profitable in Nigeria that can be launched in 2021. However, you have a big chance to make decent money off a company if you plan to set up and sustain. If you are a multi-income employee or a student who has chosen a company through holidays and strikes, now is the perfect time to start a profitable business with average capital in Nigeria.
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1. Animal Feeds Business
Nigeria has a profitable feed mill sector. That is attributed also to the rise in animal husbandry that is linked to the widespread consumption of animal products in the world.
Related project:- Poultry Feed
In recent years the market for feed ingredients in animals has seen considerable progress and is projected to expand enormously over the forecast era. Pet food protein is a key ingredient for any animal's nutritional needs.
Animal-related production is derived from made animals that tend to improve the tastefulness of meals as well as reducing the expense and continuous supplies of animal processing. In Nigeria, the business is quite proliferating. New entrepreneurs may find it lucrative!
2. Fertilizer Business
There are a lot of opportunities for personal and national growth through jobs in the Nigerian agricultural sector. Both skilled and unskilled work is combined in this field. The fertilizer sector is one part of Nigeria's industrial farming industry. The sales and delivery of fertilizers are several aspects of this sector. This industry is capital-intensive, even though it is a money-spinner. However, as a well-known business, it is still open to government funding with loans and grants. Private companies and businesses may also provide you with sponsorship. Since agriculture is the major business in Nigeria, fertilizers are an essential part of raising the business. thus, every agribusiness depends on fertilizers for the growth of their crops!
Related Books: - Biofertilizer, Biofertiliser, Biogas, Organic Farming, Vermicompost, Vermiculture, Biotechnology
3. Phosphorus Business
Over recent years, the Yellow Phosphorus Market has seen rapid growth and is projected to expand enormously during the prediction era. The use of phosphorous & derivatives is measured in terms of volume (kilotons) and value in regions like Asia, America, Europe, Africa, Oceania, and the Middle East (USD). Between 2015–2020 the phosphorus & derivatives industry recorded a 3.5 % CAGR, representing USD 75.9 billion by 2020. The industry's high growth is primarily due to a rise in demand from the application industries such as fertilizers, detergents, the food industries, chemicals for water treatment, metal processing, and flame retardants.
4. Sanitary Napkins Business
Nigeria has a reproductive age and menstrual population of around 52%. The lack of access to adequate and accessible hygiene menstrual content has adversely impacted more than ten million rural/internally displaced girls and women. In the rural environment, leaves and feathers instead are used for different fabrics, such as cotton, wool, toilet papers, mattress panels and. Menstruating girls are at risk of infection and skip school.
Related Videos:- Disposable Product
In the next five years, Africa's demand for sanitary pads is projected to be boosted by numerous steps taken by health pad companies, governments, and NGOs operating in different African countries, combined with an expanded knowledge of the personal hygiene of women. In addition, increasing demand for extremely cost-effective reusable pads is expected to further fuel Africa's sanitary pad industry in the years ahead. It is estimated that by 2022 African health pad demand will hit $779 million.
Finding the right startup business is one of the most popular subjects today. Starting a business is no easy endeavor, but the time, effort, and challenges can be worth it if you succeed. To give yourself the best chance to be successful, take your time to carefully find the right business for you.
Visit the site for sorting out the questions arising in your mind before starting any business and know which start-up you can plan for at https://www.entrepreneurindia.co/project-identification.
We, at NPCS, endeavor to make business selection a simple and convenient step for any entrepreneur/startup. Our expert team, by capitalizing on its dexterity and decade's long experience in the field, has created a list of profitable ventures for entrepreneurs who wish to diversify or venture. The list so mentioned is updated regularly to give you a regular dose of new emerging opportunities.
5. Surgical/Face Mask Business
The global face mask size was projected to be 6.792.0 million dollars in 2019, with a CAGR of -11.1% from 2021 to 2027, which is estimated to rise to 9.052.1 million dollars by 2027. The face mask is a protection mask for airborne diseases such as COVID 19, pneumonia, chickenpox, mumps & measles. The nose, the jaw, and the mouth are protected by a half facial mask. In addition, outbreaks of pandemic diseases dependent on respiratory infections such as H1N1 and COVID19 stimulated demands for facial masks by the first responder staff, nurses, and doctors.
In this situation when people are struggling with healthcare facilities and protective accessories, an entrepreneur can invest in this very necessary business. the present situation has encouraged millions of businesses to get into the healthcare equipment and help people with more and more masks, PPE Kits, and many more.
NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reputable brand in the manufacturing sector for providing advanced strategic consultancy services. Its various services are: Pre-feasibility study, New Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Preparation of Project Profiles / Pre-Investment and Pre-Feasibility Studies, Market Surveys / Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Selection of Plant /Process / Equipment, General Guidance, Technical and Commercial Counseling for setting up new industrial projects.
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