10 Lucrative Businesses in Kano State Nigeria; Kano state is situated in the North West region of the Federal Republic of Nigeria, like every other state, It has many lucrative businesses one can invest or do and smile to the bank
The state pride itself with trade and commerce, agriculture, industrialization, people and great culture, it pride itself in local trade. It is the pride of the north. Businesses thrive in Kano state due to the massive populations
It has the second largest population in Nigeria after Lagos state (south West), due to its large number, the state becomes a hub for businesses and trade. With a population of more than 15 million people, you can make huge return on investment
Taking advantage of the population of this state to expand or establish your business, is an ideal that can guarantee you great returns on investment
While many don’t understand businesses that thrive in Kano state, this post will clarify you in simple terms 7 lucrative business that can increase your ROI within a short time
If you are having hard-time investing in business in Kano state, this piece of information is what you have been waiting for. Seat back and relax while we examine business with worthwhile ROI
A business is lucrative if it is profitable, that is, you make profit or gain keeping overhead at bar, this is what some business in this bursting and bubbling city can give you
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Food Café (Restaurants and Eateries)
With a population of over 15Million, the people of kano state need more food restaurants or eateries. Siting a restaurant or eatery at strategic location is a plus.
One must be conscious of the food kano resident enjoy, this is because, you cannot bring food of southern hemisphere to the state and enjoy large patronage.
Even if you are preparing Rice, you must prepare it the way the people of Kano state enjoy it, as other methods may not see customers or patronage from locals
More so, there are cosmopolitan areas in the great city, be conscious of the environment and know what customers want. It is important to understand the terrain
Tea Drinking And Noodle Cooking Spot
Kano is known for drinking tea and eating noodles, it is popularly known as “Mai shai”. If you want to make a lucrative business with quick turnover in the city of knao, you have to look into the Mai-Shai tea drinking and noodle spot
This business is easy to set up and does not require much capital and experience, all you need to do is to find a busy location, with a small kiors and something similar, you are good to go
Make sure your table and cooking utensil are always clean and neat, it will attract the best of customers.
Shoe Making
If you want to buy and sell shoe, kano is one of the state in the country where shoe is massively produce for the local consumption. There are many shoe makers, connect with them, buy cheap and sell to other parts of the country
Though this business is capital intensive, you may need logistic and capital for running. Since everyone wears shoes, there are high chances of making huge returns if you buy in large quantity and sell to local retailers
Poultry Rearing
Rearing birds like hen, turkey, dock fowl, ostrich for egg and meat production is a lucrative business that has good rate of return with a short time
This business requires you to set up poultry farm; it requires some level of experience on how to raise birds, this is important to mitigate loss or damage. It also require you buying feed for your birds
Since every meal needs a touch of protein for balance diet, there are chances of making it big in Kano if you venture into this business
Clothes Trading
10 Lucrative Businesses in Kano State Nigeria
Kano is also known for its textile and fashion industries, it is ones the hub for textile and fashion in the northern region after kaduna state. There exit large textile firm both local and foreign, buying from producers and selling to other parts of the country has huge gains
The most traded wears are the contemporary African apparels, and many Nigerians don’t joke with their native wears. Take advantage of this emergent market and make a fortune from it,
Setting ICT Companies
This is a hidden and deep treasure in kano state, the state government is making concerted effort in making over 8miilion school students ICT literate. Siting ICT or computer institute is an investment that will not only pay off but balance the ICT gap in the state
Since Information Communication Technology is the key of modern development, and capable of employing over 40% of its population, the state is yet to record it self among states well vest in ICT
Additional ICT firms are needed to drive home the state government agender in making kano ICT incline.
Bakery or Bread Making
The state is among the largest consumption of bread in Nigeria, it is in much need of modern bakery. Bread is consume alongside tea (shai), there is a huge market for bread consumption
To compete favorable among other bread bakers, go modern with state-of-art bakery with good packaging. Your brand will speak with you. To also get quick patronage, make good friends with those “Mai Shai”, and supply to them and other retailers
Transportation Business
One business that gives good return is the transport sector in kano state, due to its large population, movement from one parts of the state to another is inevitable
The state capital is recorded high level of movement, therefore owing a car for uber, or keke, bike etc is an investment that will bring good returns within a short time
Farming Crops
Since people must eat, and must eat three times a day, couple with it large populations, going into farming is the new oil money in Nigeria
Kano and Lagos state account for 20% of Nigeria’s population, meaning food will be needed to feed this numbers. Growing crops for both industrial and commercial purpose has been beneficial for farmers
There are arable lands, and state government subsidies on fertilizers, take advantage of this hidden treasures and make a decent living
Conclusion
There are many profitable businesses that requires little capital, dig deep into the above mentioned businesses and lift yourself out of poverty in the ancient city of Kano
10 Lucrative Businesses in Kano State Nigeria