Tips and Top 5 Investment Opportunities in Nigeria for Foreigners
As the most populous country in Africa, Nigeria retains a top position as an investment hub for foreigners. There are many investment opportunities for foreigners in Nigeria. Here below are the top five investment opportunities in Nigeria for foreigners, mentioning some of the tips to succeed in these investments.
- Invest in Real Estate
Nigeria has a booming real estate industry that is yet to realize its full potential. Real estate is open for foreigners to invest. As a tip, foreigners can construct residential property with an aim of selling them. The returns are usually high when property is sold rather than putting it up for rental. Another important tip is to invest in real estate targeting the middle class in Nigeria. Real estate is very profitable when targeting the middle class Nigerians for they form a large size of potential buyers.
- Constructing Event Centers
Nigeria is a country full of activities. There is a great deficit in event centers in Nigeria. The event centers in Nigeria are not enough for the demand that is in the country. Foreigners are thus, encouraged to invest in event centers. As a tip, it is important to construct event centers in major cities and towns where there are numerous events on weekly basis. The event centers should be modern to meet the current demand.
- Invest in Agriculture
Agriculture is a major industry in Nigeria. The full potential of this industry has not yet been realized. Though there are modern practices of agriculture in Nigeria, the standards are yet to meet the western standards of agriculture. Foreigners investing in this industry should work on introducing efficient ways of production in this industry. Agriculture in Nigeria is profitable and investors have a guarantee that they will recover their invested capital and make much more in this country. Major agricultural produce in Nigeria include beans, maize, cassava, millet, and palm oil among many others, which all have local and international market.
- Invest in Hotel Industry
Tourism is a major source of income for the Nigerian government. There are vast opportunities for foreigners to invest in this industry. The hotel industry is a rewarding investment option for foreigners. Foreigners willing to invest in Nigeria can construct modern hotels and restaurants to cater for the growing number of foreign and local tourists in Nigeria. As a viable tip, foreigners should limit their investment to major cities or towns with popular attraction sites.
- Invest in Education
Majority of Nigerians are seeking education at all costs. Though the government provides for basic education in Nigeria, there is still a big gap for foreign investors to fill in the education sector. Opening an international primary and secondary school is one of the best investment option that a foreigner can make. There is great demand for international schools, offering foreign curricula in Nigeria. With enough funds, a foreigner can consider constructing a modern university in one of the major cities in Nigeria. Demand for higher education in Nigeria is always on the rise, thus assuring investors of great income from their invested capital in education.
There are many investment options that foreigners have here in Nigeria but the above mentioned are the leading ones with assured great returns.