Oyo State is one of the thirty-six states of Nigeria, located in the southwest of the country. Its indigenous people are best known as the Yoruba people. Its capital is Ibadan and luckily Ibadan is one of the main states and one of the largest cities in Africa. It is a state that has continued to be one of the most powerful powers in southwestern Nigeria due to its rich cultural heritage.
This state is an internal state in the southwest, as previously indicated, and is bounded on the north by the state of Kwara, on the east by the state of Osun, on the south by the state of Ogun, and also to the west partly by the Republic of Benin and partly by the state of Ogun. Being in the state of Oyo is a very good experience because the inhabitants of this state are known to be very welcoming people.
- 27+ small business investment opportunities in Nigeria
Agriculture is one of the main professions of people as it has a very suitable climate for growing the following crops like; Maize, millet yams, palm products, cocoa and many other crops. This is the reason why many farm businesses operate here, so much so that other states are benefiting from it.
If you are looking to relocate to Oyo State and are looking for the type of business to invest in, there are some business opportunities that you may want to consider in this article.
10 small business investment opportunities in Oyo State
1. Food business
As this is one of the successful businesses in Oyo and many people work there, you might want to consider starting this business. What does this business involve, you ask? This will require you to buy farmland i.e. if you don’t own any land. You can also consider renting land if you don’t have the funds to buy land.
2. Recharge the business card
The recharge card industry is one of the most successful businesses in Oyo State. This is due to the large number of people who use cell phones. It is for this reason that the recharge card business is becoming a viable business to start in this state. You may also want to consider investing in printing recharge cards.
3. Hairdresser -: … Hairdressers are scattered all over the country; and Oyo State is no exception. You might want to consider setting up a hair salon. However, you have to make sure you have the right store and make your store attractive to people.
4. Phone repair and sale of accessories
If you have a mobile phone addiction, you may want to start a phone repair business. This means that you need to know a lot about the different types of phones out there, as well as the troubleshooting steps. You can also add accessories sales to it. An important thing to look for is where to find the best items at the best price.
5. Auto repair company
The auto repair business is a business that has continued to be profitable since the dawn of time. Oyo State has mechanics scattered here and there, and you can join the competition as well. First of all, you need to get the necessary training to be a certified mechanic and people can trust you to do it.
6. Food industry
Since cocoa is produced in Oyo State, various cocoa processing industries have sprung up. You too may be thinking of creating such an industry. There are many industries that deal with one food industry or another. You too may want to consider investing in this business. You can start with a beverage business.
7. Craft business
The popular talking drum as well as other handicrafts are produced in Oyo. Businessmen know that the compatibility with this type of business is a success. You can invest in it because you are confident that you will sell these products in other parts of the country.
8. Aso Oke Business
Aso Oke is one of the traditional outfits of the Yoruba people and therefore you can also find this successful business in Oyo. As an investor, you may also need to take some art making training and the products obtained through this business may even be exported to other parts of the world.
9. Local restaurants
If you’ve been to Oyo before, you would know that they really know how to bring honor to Amala and Evedu. If you are familiar with cooking and are ready to learn other cooking skills, consider opening a local restaurant in the city center.
10. Transport company
There are several garages in Oyo State, and these garages have vehicles that travel to various parts of the state as well as beyond. It is for this reason that you too can set up a transport business. You can start investing in this type of business with a fairly used bus or car. You can be sure that you will make big profits if you match that.
Now that you have an idea of the type of businesses that can invest in Oyo, it becomes important that you know how to go down the path of the startup growth that you need.