Do you reside in Ogun state and you need ideas for starting a business? Here are top 10 small business investment opportunities in Ogun, Nigeria.
Ogun state is one of the 36 states in Nigeria, it is located in the Western part of the country and the state was created on the 3rd of February, 1976. The capital of Ogun state is called Abeokuta and it is the largest city in the state. Other key towns in the state are Sango, Ota, Ilaro, Sagamu, and Ijebu Ode. The languages that are generally spoken in Ogun state are English and Yoruba.
Ogun state shares border with Lagos state, Oyo state, Osun state, Ondo state and international border with the Republic of Benin. The major ethnic group in the state is the Yoruba tribe and the religions that are practiced in the state are Christianity, Islam and Traditional religion. Ogun state is home to the largest church auditorium in the world – The Winner’s Chapel.
The major sources of income for people in Ogun state are farming, commerce and trade, services industry, real estate, transportation, and the hospitality industry. The proximity of Ogun state to Lagos state ensures maximum economic gains for the state. If you are an investor that is looking for a business to start in Ogun state, then you can consider these business opportunities;
Top 10 Small Business Investment Opportunities in Ogun, Nigeria
Many people who work and own their business in Lagos state prefer to live in Ogun state. Although it is difficult to differentiate some towns in Ogun state from Lagos state, but the truth is that accommodation is far cheaper in Ogun state than it is in Lagos state.
So, if you have a strong financial capacity, you can consider going into real estate business in Ogun state. You can build mini -estates in towns that are closer to Lagos state and you will sure have tenants occupying the houses no sooner than they are completed. Ogun state is one of the best locations to launch your real estate career in Nigeria.
2. Mechanized Farming
Ogun state have loads of farm lands that are very cheap. If you are interested in farming and you live in Lagos, you can consider starting your own mechanized farming in Ogun state. There is a large market for farm produce in Lagos. Just ensure that you go into the farming of crops that wouldn’t be difficult for you to sell. It could be maize, cassava, cucumber, carrot or any crop of your choice.
Poultry business is yet another profitable business an entrepreneur can successfully launch in Ogun state. If you live in Lagos and are interested in starting a poultry farm but you have a challenge for an ideal location, then you just have to move to neighboring towns in Ogun state to build your poultry farm it is cost effective.
4. Diesel Supply Business
Diesel supply business is one of the cool means of making cash in Ogun state. There are loads of offices, schools and factories that are in need of supply of diesel. All you need to do is to market your business to these organizations, purchase a tanker and then lift diesel from the Mosimi depot in Sagamu. The presence of a diesel depot in Ogun state makes it profitable to engage in this type of business.
Transportation business is another business an investor can start in Ogun state. The fact that many people live in Ogun state and still work or run their businesses in Lagos state means that they would always need transportation to and from their offices and place of business.
To leverage on this to make money, you just have to launch you own transport business. Position your buses in places where you can easily pick passengers from Ogun state to Lagos state and you will make good returns on your investment.
If you are a mechanic, there is need for you to start your own auto mechanic workshop in any of the towns in Ogun state. The business is booming in Ogun state especially if you are good with what you do, and your workshop is well positioned in a place that is visible.
7. Timber Business
Timber business is yet another thriving business an entrepreneur can start in Ogun state. Ogun state has very rich forests spread across the state. In other to legally engage in this type of business, you must secure your license from both the Federal Government of Nigeria and Ogun state government. If you don’t have a permit, you can be arrested and prosecuted if caught cutting trees in any of the forests in Nigeria.
Paper making factory is one business an investor looking towards starting a business in Ogun state should invest in. Ogun state is suitable for this type of business simply because you can get your raw materials cheaper in Ogun state, you can access cheap labor and you can access the biggest market for paper in Nigeria – Lagos state. So, ensure that get all the permits needed and your feasibility studies is done before investing your money in this type of business. No doubt you stand the chance of making good money from this business.
Car wash business is one of the businesses that an entrepreneur can easily setup in any of the major cities in Ogun state and still make good cash. You can setup your cash wash in Sango, in Ota, Abeokuta or even in Ijebu Ode and you will attract clients on a daily basis.
10. Catfish Business
Catfish business is another business that is trending in Ogun state. The demand for catfish is on the increase and it seems that there are short suppliers of catfish in Lagos. So if you want to leverage on this need to make money, you can build your own catfish pond in neighboring towns in Ogun state and then market your catfish in Lagos state.
There you have it; the top ten business opportunities in Ogun state.