Nasarawa State is one of the 36 states of Nigeria, it is located in the north-central part of the country and the state was established in 2096. The capital of Nasarawa state is Lafia, and the governor of the state is Umaru Tanko Al-Makoun of the APC. The state bears the nickname “House of solid minerals” and the staff generally speak English and the common Hausa language.
Nasarawa State shares borders with Kogi State, Benue State, Abuja Federal Capital Territory, Taraba State, Plateau State and Kaduna State. Nasarawa State is home to Africa’s tallest waterfalls; Farin Ruva Waterfall in the Wamba Local Government Area.
- 27+ small business ideas in Nigeria
The main source of income for the people of Nasarawa is agriculture, and the state government also accounts for the lion’s share of employment in the state, and as such, Nasarawa can be classified as a state official. Nasarawa State is known for growing yams, corn, potatoes, grains and other cash crops, and has large deposits of solid minerals such as bauxite, emeralds, uranium, tantalite, silica, sapphire, gemstones, topaz, mica, columbite, iron and many more. The state also has a large supply of salt.
These are the top ten business opportunities available in Nasarawa State;
10 small business investment opportunities in Nasaraw
1. Mechanized agriculture
The demand for food in Nigeria and other parts of Africa cannot be met by local farmers. In order to meet the demand for agricultural products, it is necessary to attract more investors. One way to make him a great farmer is to engage in mechanized agriculture. Nasarawa State, like most states in Nigeria, is ideal for mechanized agriculture, especially for growing cash crops exported from Nigeria to other countries.
2. Mining company
Nasarawa State is known as the Cradle of Solid Minerals simply because it is the state of Nigeria that has the largest reserves of various solid minerals in commercial quantities. If you are interested in the mining industry, you should consider starting your own mining company in Nasarawa State.
It is important to state that you will need a mining license from the federal and state governments to be able to mine any solid ore in Nigeria. Illegal mining is strongly condemned in Nigeria; it is indeed a punishable crime in Nigeria. So make sure you follow the proper procedures for starting your own mining company if you don’t want to have credential issues.
3. Real estate affairs
The real estate industry in Nasarawa State is one of the industries that takes advantage of the proximity to Abuja to make a profit. The truth is, living in Abuja is expensive and many workers and business owners in Abuja would rather stay in neighboring Nyana in Nasarawa state because housing is so much cheaper than in Abuja, so if you have the financial capacity, you should consider on building housing in different parts of Nyanya and the surrounding area, and you can easily get people to rent or rent them.
4. Hospitality
Another viable and successful business in Nasarawa State is the hospitality industry. Most of the people who cannot afford the high cost of accommodation in Abuja prefer to stay in hotels in Nasarawa state. If you have a solid financial base, you can consider doing a hotel business in Nasarawa State and you are sure to get a good return on your investment.
5. Salt packing company
There is a large stock of salt in Nasarawa State, and if you are looking for a business to establish in Nasarawa State, you might consider switching to salt processing and packaging. It is economically viable to find this type of business in Nasarawa State due to the proximity to the main raw material, a large salt deposit. Once your salt is properly packaged, you can sell it anywhere in Nigeria and West Africa.
6. Shop for the sale and repair of computers
Selling and repairing computers is another lucrative business that an entrepreneur can start in Nasarawa State. If you are interested in this type of business, you might consider opening a store in Nasarawa State. Make sure to rent a store in the bustling business district.
7. Transport company
Another business that an entrepreneur can set up in any part of Nigeria and get a good return on investment if managed well is transportation. If you have the financial capacity to purchase a large number of new buses, you can successfully start your own transport business in Nasarawa State.
8. Wholesale of food products
Another very profitable business that an entrepreneur can start in Nasarawa State is the wholesale of food products. This type of business doesn’t require any technical skills, all you have to do is rent a store in a busy market and you don’t have to make daily sales.
9. Unisex hairdresser and beauty salon
Keffi, Lafia, and Nanny are great places to start a unisex hair and beauty salon. This type of business is very beneficial, especially if you set up the business in a location subject to both human and car traffic. So, if you are a barber or hairdresser and want to start your own unisex hair and beauty salon, you should consider Nasarawa State. There is little competition for this type of business in Nasarawa State.
10. Consignment store
The average person in Nasarawa State lives below the poverty line; and the fact that they have to survive makes it imperative to frequent a consignment store. The truth is, used items are cheap in Nigeria and the market for these items is large. So if you are looking for a great way to make money in Nasarawa State, you should consider opening a consignment store.
Here you have it; Top 10 Business Opportunities in Nasarawa State
