25 Small Scale Business ideas and Investment Opportunities in Nigeria for 2018
Continued from last Monday
- Inland waterway Transport
There are lots of opportunities in the transport industry and inland waterway is one of them. Nigeria has a broad network of inland waterways comprising rivers, creeks, lakes and seas; yet, transportation still remains a challenge because investors are yet to tap into water transportation.
A lot of countries such as Italy, Thailand, etc have effectively been utilising their waterways as a means of transport; thus reducing the traffic congestion on the road. All you need to do is to incorporate a company, obtain license from the state and federal government, import or purchase some locally fabricated boats; and you are in business.
- Establishing a Television and Radio Station
Now it is a known fact that the mass media industry is saturated in Nigeria. However, this is only true for some cities in Nigeria such as Lagos and Abuja. I have travel through several parts of the countries and discovered that most states have no private TV station, and only rely on the government own TV stations; which are very incompetent, uncreative and unreliable.
I see an opportunity for entrepreneurs and investors with interest and competence in broadcasting or mass media. You can either choose to setup a radio station or TV Station. You think you don’t have the funds for a license and infrastructure to run a conventional TV and Radio station, then you should consider starting an online radio station, podcast or Youtube Video Channel. A lot of Nigerians have made fame and money running on a low cost model by simply using the internet. A few names you might know are Mark Angel Comedy (the famous Emmanuella), Linda Ikeji TV, LaughPillsComedy, PulseTv, etc.
To be continued
