Entrepreneur

25 Small Scale Business ideas and Investment  Opportunities in Nigeria for 2018

 

Continued from last Monday

  1. 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.

  1. 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

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