People are often confused of what profitable business they can do in a particular area that will move. Businesses that move in areas differ. In this post, we’ll be looking at the most profitable businesses to start in Nsukka, Enugu State.
Do you want to start a business in this area? This post will guide you on the top 5 profitable business you can start in this city and area with the amount stated.
Most Profitable Businesses to Start in Nsukka, Enugu State
1. Agriculture and Agro-allied Business
There is no denial that this is the biggest industry in Nsukka. It is the employer of the majority of people in Nsukka. In this city and area, different varieties of farm produces perform well. You can start up a farm, processing factory, or even be in the supply and distribution chain of agriculture. Any area you enter in agriculture in this area is a blast.
While getting into this sector here, you should know that there are more profitable areas of agriculture to go into. For instance, you’ll make more profit as a palm oil supplier, palm oil producer or farm owner, rice farmer, tomatoes and pepper farmer. The most priced or identity farm produce of Nsukka is Nsukka pepper. You can make a lot of money from farming, producing, and supplying it.
2. Storage and Supply of Foodstuffs
There is abundance of foodstuffs and agricultural products in Nsukka area of Enugu State due to the nature of the land and its proximity to the Northern region. The best grains, nuts, oil, pepper, vegetables, and all, are gotten here. They are also cheap.
You can buy the foodstuffs and agro products here and supply to other parts of the country, especially the urban areas in the south. It is a profitable business to do.
3. Bar and Restaurant
Nsukka people and the whole of Enugu State love chilling in bars and restaurants after a long day at work, so the bars and restaurants in the area are always filled. In some places, these bars and restaurants aren’t enough. Thus, you can always go into this business to make a kill.
The best is combining the two so that if one doesn’t move, the other would move. You have do some market research to know non-saturated areas you can set up yours. You make a good amount of money.
4. Building Materials, Services, and Real Estate
Nsukka is one of the fastest developing areas in southeast as there are large number of ongoing buildings in the area. You can make a kill and good profit when you venture into anything connected to building like land and house agent, sale of building materials, services connected to building, and real estate in general.
You make a great amount of money by venturing into all these businesses.
5. Event Management, Coverage and Catering
This is also another great business to venture into in this place. Every week, all round the year, there are always people hosting events be it marriage, burial, house warming, birthday, and so on. You can earn a lot by owning an event planning and management company. It is a good market you should buy into.
For this business, you will have to know lots of people who you would connect to do manage and cover their events for them.
Conclusion
In this post, we have covered most profitable businesses to start in Nsukka, Enugu State. You can make a pick from one of the businesses listed. In addition, you can also make your own market research to determine the business that will work well for you.