Adamawa State is one of the 36 states of Nigeria and is located in the northeastern part of Nigeria. Yola is the capital of Adamawa State, while Mubi and Numan are the other major cities in the state. Adamawa State is one of the largest states in Nigeria and it is a mountainous state.
Adamawa State’s economy is dominated by the agricultural sector. The average citizen of the state works for the government or in the agricultural sector. Adamawa has very fertile agricultural land and the state is famous for growing crops such as rice, cotton, maize, sea corn, peanuts, millet, and cassava. Fishing and cattle raising are another source of income for people in Adamawa State.
Adamawa State has one of the best universities in Nigeria, the American University of Nigeria, Yola. The state is made up of 21 local governments and the predominant tribes are the Margi, Khiggi, Bachama, Hildi, Mbula, Mumuye and Fulani. Christianity, Islam and traditional religion are the main religions in the state.
- Over 27 Small Business Investment Opportunities in Nigeria
If you are considering starting your business in Adamawa, you will find these top 10 business opportunities very helpful;
10 Small Business Investment Opportunities in Adamawa
1. Cattle Ranch
One type of business that an entrepreneur can easily start in Adamawa State is a cattle ranching business. Although there are Fulani (nomadic) cattle herders, you can break away from the norm of cattle herding in most of the northern states of Nigeria and start your own cattle ranch.
The truth is, if you successfully create your own state-of-the-art cattle ranch, you will attract customers from all over the world who want to do business with you. Cattle raising is a profitable business as people will always demand beef, milk and leather.
2. Groundnut cultivation
Groundnut farming is another highly profitable agricultural activity starting up in Adamawa State. Besides the fact that groundnuts are of great economic importance; Adamawa has one of the best lands for growing groundnuts. The good thing about starting a land farm in Adamawa is that you will get most of the farmland at a very cheap price and the labor will also be cheap. People come north from all over Nigeria, including Adamawa, to buy peanuts. You can also add peanut butter production to your agricultural farm.
3. Cotton production
Adamawa is one of the states in Nigeria where cotton is grown for commercial purposes. If you are an entrepreneur looking to position your business for the future, you may want to consider setting up your own cotton mill in Adamawa with the aim of starting garment production in the near future. It is indeed a viable business and the market is limited not only to Nigeria but also to other countries of the world.
4. Food processing company
Since Adamawa State is famous for its agricultural activities, an entrepreneur who wants to start a business can easily start a food processing plant in the state. You can choose milk production, beef processing or malt production, etc. The main thing is that you have the opportunity to get your raw materials at a very cheap price, and you can also get cheap labor.
5. Rice cultivation
Rice is another cash crop that grows in Adamawa State. So, if you are looking for a business in Adamawa State, you can go into rice farming. The good thing about rice farming is that you will get support from the Nigerian government and there are great markets for rice in Nigeria as rice is one of the foods eaten all over Nigeria and even the world.
6. Mobile phone and accessories shop
With the advent of GSM in Nigeria, the telecommunications industry has grown rapidly, providing employment and business opportunities to millions of Nigerians. One of the easiest businesses to start in Adamawa State telecommunications is a cell phone and accessories store.
The demand for mobile phones will continue to grow as long as there is innovation in the industry. If you are considering starting this type of business, be sure to rent a store in a busy part of town where people can easily find you. You can search for stores in major cities like; Yola and Mubi.
7. Deposit-sale
Consignment shop is another very profitable business that an entrepreneur can start in Adamawa State. This type of business requires little start-up capital and is very profitable. People frequent consignment stores in Adamawa simply because of the level of poverty in the state.
8. Car wash
Car washing is another profitable business that an entrepreneur can successfully start in Adamawa State. If you intend to start your cash laundry business in Adamawa State, you should consider a suitable location in Yola or Mubi; these are places where this type of business can thrive.
9. Transportation of goods
The fact that merchants come from afar and the large purchase of agricultural products in Adamawa State makes the transport business a viable business to start in the state. All you have to do to get started is to buy reliable trucks and then find customers who want their goods to be transported from Adamawa State to other parts of Nigeria. Most of the goods transported from Adamawa are groundnuts, cotton, millet and cattle. Once well positioned, you will have enough customers to serve.
video
10. Pharmaceutical activity
Pharmacy is a business that can thrive in any part of the world. If you have ever visited the major cities of Adamawa State, you will realize that the number of pharmacies available is far below the number required to service the state, so if you are a pharmacist, you can open your own pharmacy in one of the major cities in Adamawa State.
Here you have it; Top 10 Business Opportunities in Adamawa State, Nigeria.
