Cancellation State is one of the 36 states of Nigeria, it is located in the western part of the country and was established on February 3, 2006. Akure is the largest city in the state and the capital of the State. Other notable towns in the state are Ovo, Rudny, Ondo, Okitipupa, and Akoko. Ondo State’s nickname is called StateSolar State ‘…
Ondo State is bordered by the States of Ekiti, Edo, Kogi, Ogun, Osun and the Atlantic Ocean. The main ethnic group in Ondo State is the Yoruba tribe. The Yajo people of Eliya and a few worthy residents of Edo are ethnic minorities in Ondo State. The languages commonly spoken in the state are English and Yoruba.
- 27+ Small Business Investment Ideas in Nigeria
Sources The incomes of the inhabitants of Ondo are agriculture, fishing, hotels, services, transport, crafts, commerce and commerce. The Ondo is distinguished by the production of the following crops; Banana, plantain, yam, kassawa, palm kernel, kola nut, cocoa, rubber, orange, mango, pear, as well as varieties of fruits and vegetables, etc. The state is also blessed with one of the richest forests in Nigeria’s landscape. Ondo State also has a large reserve of crude oil, which is why it is considered one of the oil and gas producing states in Nigeria.
Now let’s take a look at the top ten business opportunities available in Ondo State;
10 small business investment opportunities in Ondo State
1. Mechanized agriculture
Ondo State has one of the most fertile agricultural lands in Nigeria; therefore, farmers are less likely to struggle to grow their crops. There are several agricultural plantations that you can farm in Ondo State with tractors and other agricultural machinery. The truth is, if you start growing bananas, plantains, or cocoa anywhere in Ondo State, you will surely get a good return on your investment. Most food vendors come to Ondo to buy agricultural products and transport them to other parts of the country.
2. trader in number
Ondo State is one of the hot spots for timber traders in Nigeria simply because they get tree varieties suitable for furniture, construction and papermaking. So, if you are looking for a successful and lucrative business to start in Ondo State, you should consider getting into logging. But before starting this type of business, you need to get the required license from both the Federal Government of Nigeria and the Ondo State Government. You can visit any government agency to find out how to get the required license.
3. Day and school activities
Day and school activities are another successful business that an entrepreneur can start in Ondo State. There are dozens of working class parents who need child care for their children. Therefore, all you need to do is make sure that your school and daycare is properly registered with a government agency and that you are setting up your business in a location where it is easy to find.
4. Food processing company
There are several fruits and crops that are grown on a large scale in Ondo State, so the state is very suitable for industries such as a food processing factory. If you are interested in food processing, you should consider starting your own food processing plant in Ondo State. Just be sure to do a feasibility study to be sure what type of food is being processed.
5. Restaurant and bar
Another viable and highly profitable business that an entrepreneur can start in Ondo State is a restaurant and bar. If you’ve ever traveled by road on the Lagos-Benin highway, you’ll understand how thriving catering is in Ondo State, especially Rudny. Therefore, if you are interested in the food business, you may want to consider starting your own standard restaurant. and a bar in Are, Ondo state. You will undoubtedly make a huge profit from this business, especially if it is located in an area prone to car traffic.
6. Motel Business
The mobility business is a type of business that an entrepreneur can successfully start in Ondo State and get their money back in no time. Many travelers sometimes choose to interrupt their trip to Ondo and continue the next day, so all you need to do is build a motel in places that travelers can easily reach and have lots of customers.
7. Shop for cell phones, computers and accessories
Another easy to set up but very profitable business in Ondo State is a mobile phone, computer and accessories store. The market for this type of product is large in Ondo State. The bottom line is that you need to make sure you choose a good location for your store. You can also add the sale of recharge cards from various telecom companies in Nigeria and their SIM cards.
8. Auto mechanic workshop
Another very successful business that an entrepreneur can start in Ondo State is an auto mechanic shop. The truth is that many carriers and even private car owners operate in Ondo State and sometimes they may need the service of a mechanic after a car breakdown. So be sure to place your auto mechanic shop next to the main road to easily attract customers.
9. Gas station
While a gas station requires huge start-up capital, the truth remains that it is one of the coolest ways to make money. If you have the financial capacity and want to start your own business in Ondo State, you should consider starting your own gas station.
10 satellite TV reseller
The Nigeria Broadcasting Organization (BON) has announced that the country will use digital TV throughout the federation in 2015. One way to position this opportunity is to become a satellite TV merchant in Ondo State. All you need is to rent an office and then make arrangements with satellite TV companies such as Mulitchoice®, StarTimes®, DaarSat® and Consat® and others to be their agent in the state of Ondo.
Here; Top 10 Business Opportunities in Ondo State.