Ekiti state is part of the 36 states in Nigeria and it is located in the Western part of Nigeria. The state was created on the 1st of October, 1996. Ekiti state shares border with Kogi state, Ondo state, Osun state and Kwara state. The capital of Ekiti state is Ado Ekiti and the two languages generally spoken in Ekiti state are English and Yoruba.
Ekiti state is notable for having the highest numbers of scholars in Nigeria; there is hardly any family lineage in Ekiti state that doesn’t have at least one professor. Although, in terms of social infrastructures, Ekiti State is lagging beyond when compared to other states in the Western part of Nigeria, but the future of the State is still very much bright.
Ekiti state is considered to be a civil service state because the government happens to be the major employer of labor. The Agric sector, trade and commerce are also a major employer of labor in the State. Ekiti state is notable for the cultivation of yam, kolanut, cocoa, plantain, cassava, cowpea, mango, cashew, citrus and rice. Tourism is also another source of income for Ekiti state, tourists travels from far and wide to visit the notable Ikogosi tourist centre (a spring where warm and cold water meet).
Now let us consider the top 10 business opportunities available in Ekiti State;
10 Small Business Investment Opportunities in Ekiti State
Table of Content
As small as Ekiti state may be , it attracts more visitors than some bigger states in Nigeria. Most of the tourists that visits Ekiti state comes there basically to have firsthand experience of the Ikogosi Spring – one of the wonders of nature in Nigeria; a place where warm and cold water meet and still maintain their temperature.
As a matter of fact, the state Government and other private investors have developed the place to a standard tourist site. So if you are looking for business to do in Ekiti state, you can consider starting your own travels and tours company. The truth is that if you are visible (strong online presence), you can get enough clients from within Nigeria and other parts of the world.
2. Mechanized Farming
Most farmers in Ekiti state are peasant farmers and they have been struggling to meet up with the food demand in Nigeria and neighboring African countries. Ekiti State is blessed with a fertile land and if you start your own mechanizes farming there, you will be able to supply agric produce not only within Nigeria, but also other African countries.
Ekiti state has one of the most suitable lands for the cultivation of plantains in Nigeria. If you are interested in starting your own plantain plantation, then you should consider starting it in Ekiti state. It is economical to start it there because of cheap and easy access to farm land and labor. All you need to do is to create a network around the country where you plantains will be transported to for sale.
Ekiti state is one of the states in Nigeria that can successfully accommodate a fruit juice company. If you are looking towards starting your own fruit juice company, you can consider establishing it in Ekiti state. The good thing about setting up a fruit juice company in Ekiti state is that you will have access to varieties of fruits at a very cheap rate. Just ensure that your fruit juice is well packaged, so that you do not struggle to sell them.
5. Event Centre
People come to Ekiti state for different events ranging from executive retreats to traditional weeding events. Part of what you need to do to making money off this business opportunity is to build a standard event centre. Just ensure that your event centre matched up with the ones in major states like Lagos, Port Harcourt and Abuja and you won’t struggle to convince people to make use of it. As a matter of fact, you will be the one turning down clients every weekend.
6. Timber Business
Ekiti state boasts of having some of the richest forests in Nigeria with quality trees that are highly suitable for furniture making and other wood work. If you are looking for a business to start in Ekiti state, you can consider starting your own timber business. Starting the business requires a license from Federal, State and Local government.
7. Mobile Phones, Computers and Accessories Shop
If you are looking for a quick and easy to setup business to establish in Ekiti state, then you can consider opening a mobile phones, computers and accessories shop. This type of business is highly profitable in most busy towns in Nigeria and Ekiti state is not an exemption. Just ensure that you choose a nice location for your shop.
8. Electronics Store
Electronic store is also another easy to establish business in Nigeria. The bottom line is to ensure that your shop is located in a place that is easily accessible and you won’t struggle to get buyers for your electronics. You can partner with big brands like Thermocool, Sharp, LG or Sonny to be their major distributor in Ekiti state.
Ekiti state is one of the states in Nigeria that is still open for massive construction work. If you are a civil engineer, structural engineer or an architect, you can consider setting up your construction company in Ekiti state. It will position you to benefit from the massive construction work that is ongoing in different parts of the state especially in the state capital.
Fast food business is yet another business that can thrive in Ekiti state. If you have the financial capacity, you can consider buying a franchise from an already established fast food brand or you can start yours from the scratch. The truth is that if you have a good marketing strategy in place, you will make returns on your investment within a short period of time.
There you have it; the top 10 business opportunities in Ekiti State.