{"id":18285,"date":"2020-09-07T23:38:01","date_gmt":"2020-09-07T22:38:01","guid":{"rendered":"https:\/\/experts.ng\/blog\/?p=18285"},"modified":"2021-08-22T07:12:10","modified_gmt":"2021-08-22T06:12:10","slug":"fastest-growing-businesses-nigeria","status":"publish","type":"post","link":"https:\/\/www.experts.ng\/blog\/fastest-growing-businesses-nigeria\/","title":{"rendered":"Fastest Growing Businesses In Nigeria"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">I guess you want to have an idea of profitable businesses in Nigeria. This article gives you a deep dive into not just profitable businesses, it focuses on the fastest growing businesses in Nigeria today and how you may successfully venture into them and become profitable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As Africa\u2019s largest economy, the Nigerian economy abounds many opportunities for business growth. There are different businesses you can invest in, but there are fast-growing businesses that do not take so long to become profitable.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Notwithstanding their growth rate, there is still the need to work on your marketing efforts alongside other growth strategies to get these businesses to grow. They, however, grow faster than others due to certain peculiarities to Nigeria and Africa as a whole.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re looking for fast-growing businesses that you can invest your time, money, efforts and resources in, this article is for you.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This article is on a collection of fast-growth businesses that is worth your investment. Though there are several fast-growth businesses, the following are amongst the top on the list:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Laundry\/Dry Cleaning<\/strong><\/li><li><strong>Poultry Farming<\/strong><\/li><li><strong>Car Wash<\/strong><\/li><li><strong>Cassava Farming Business<\/strong><\/li><\/ol>\n\n\n\n<div class=\"wp-block-uagb-table-of-contents uagb-toc__align-left uagb-toc__columns-undefined uagb-block-18c0357d\" data-scroll=\"true\" data-offset=\"30\" data-delay=\"800\"><div class=\"uagb-toc__wrap\"><div class=\"uagb-toc__title-wrap\"><div class=\"uagb-toc__title\">Table Of Contents<\/div><\/div><div class=\"uagb-toc__list-wrap\"><ul class=\"uagb-toc__list\"><li><a href=\"#laundrydry-cleaning\">Laundry\/Dry Cleaning<\/a><\/li><ul class=\"uagb-toc__list\"><li><a href=\"#how-to-start-laundrydry-cleaning-business\">How to Start Laundry\/Dry Cleaning Business<\/a><\/li><li><a href=\"#how-to-keep-the-business-successful\">How to Keep the Business Successful<\/a><\/li><ul class=\"uagb-toc__list\"><li><a href=\"#here-are-some-things-youd-be-needing-to-start-a-laundrydry-cleaning-business\">Here are some things you\u2019d be needing to start a laundry\/dry cleaning business:<\/a><\/li><\/ul><li><a href=\"#other-essential-tips-to-effectively-run-a-laundrydry-cleaning-business\">Other essential tips to effectively run a laundry\/dry cleaning business:<\/a><\/li><\/ul><li><a href=\"#poultry-farming\">Poultry Farming<\/a><\/li><ul class=\"uagb-toc__list\"><li><a href=\"#whys-poultry-farming-a-thriving-business\">Why\u2019s Poultry Farming a Thriving Business?&nbsp;<\/a><\/li><li><a href=\"#how-to-start-this-business-idea\">How to Start This Business Idea&nbsp;<\/a><\/li><li><a href=\"#structuring-the-farm-can-be-done-in-three-ways\">Structuring the farm can be done in three ways:<\/a><\/li><li><a href=\"#how-to-keep-this-business-idea-successful\">How to Keep This Business Idea Successful&nbsp;<\/a><\/li><li><a href=\"#financial-capital-needed\">Financial Capital Needed&nbsp;<\/a><\/li><li><a href=\"#other-essential-tips\">Other Essential Tips<\/a><\/li><\/ul><li><a href=\"#car-wash\">CAR WASH<\/a><\/li><ul class=\"uagb-toc__list\"><li><a href=\"#how-to-start-a-car-wash-business\">How to Start A Car Wash Business<\/a><\/li><li><a href=\"#how-to-keep-a-car-wash-business-idea-successful\">How to Keep A Car Wash Business Idea Successful&nbsp;<\/a><\/li><li><a href=\"#financial-capital-needed-for-a-car-wash-business\">Financial Capital Needed&nbsp;For A Car Wash Business<\/a><\/li><li><a href=\"#other-essential-tips-to-aid-the-car-wash-business\">Other Essential Tips To Aid The Car wash Business<\/a><\/li><\/ul><li><a href=\"#cassava-farming-business\">Cassava Farming Business&nbsp;<\/a><\/li><ul class=\"uagb-toc__list\"><li><a href=\"#selecting-the-best-location-for-your-cassava-farm\">Selecting The Best Location&nbsp;For Your Cassava Farm<\/a><\/li><li><a href=\"#choose-cassava-stems-for-planting\">Choose Cassava Stems for Planting&nbsp;<\/a><\/li><\/ul><\/ul><\/div><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Recommended:<\/strong> <a href=\"https:\/\/experts.ng\/blog\/top-selling-businesses-in-nigeria\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top Selling Products in Nigeria<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Laundry\/Dry Cleaning<\/strong><\/h2>\n\n\n\n<iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/o8GzY-HfWKA\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe>\n\n\n\n<p class=\"wp-block-paragraph\">Fast-paced life in the cities has made laundry and dry cleaning business a prosperous one. Little wonder that it claims its spot on this list of the leading fastest growing businesses in Nigeria. People are so busy that they would instead outsource their laundry than to do it themselves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Even the less active people hate to do their laundry themselves.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re passionate about laundry and dry cleaning, this might be the business for you.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How to Start <strong>Laundry\/Dry Cleaning<\/strong><\/strong> Business<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The first thing needed to start laundry and dry cleaning business is to be passionate about cleaning to come extent. Usually, laundry is a hated chore, so if you want to build a business empire out of it, you must be passionate about it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is also vital you understand the difference between laundry and dry cleaning. Laundry is washing clothes and other materials with soap and water, while dry cleaning is more technical. Dry cleaning involves cleaning without water; mostly with <a href=\"https:\/\/royalcouturecleaners.com\/dry-cleaning-tips\/cleaning-agents-used-dry-cleaners\/\" target=\"_blank\" rel=\"noreferrer noopener\">chemicals<\/a> such as Perchloroethylene, Glycol Ethers, etc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The above-mentioned difference between the two will require you learning the techniques. The best way to learn is by going to a physical laundry\/dry cleaning shop for a few months. It might sound tasking, but there are tricks those professionals dry cleaners know that you might not know.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can leverage some YouTube videos to learn the techniques needed to run a dry cleaning business successfully.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How to Keep the Business Successful<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The best way to <a href=\"https:\/\/experts.ng\/blog\/grow-small-business-and-increase-reach\/\" target=\"_blank\" rel=\"noreferrer noopener\">successfully run this business<\/a> is by learning the ropes and going professional.<\/strong>&nbsp;Just because it\u2019s fast-growing doesn\u2019t mean you should jump into it without equipping yourself with the needed skills and knowledge.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Tell people about your business and the value you\u2019re giving to them.<\/strong>&nbsp;You must be ready to bring something new to the table. You should be able to answer prospective customers\u2019 questions on why they should use your services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">People are entirely mindful of their clothes. They may not like doing the laundry themselves, but they\u2019re concerned about who\u2019s doing their laundry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Use social media to your advantage.<\/strong>&nbsp;You mustn\u2019t have a fat bank account to push your business on social media platforms. You can start with Facebook, where you have friends, relatives, former colleagues and former schoolmates. You can run Facebook promotions on your business page with 1,500 Naira.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can later extend to Instagram and Twitter. If you can\u2019t create time to manage your business pages yourself, <a href=\"https:\/\/experts.ng\/blog\/nigerian-twitter-influencers-2020\/\" target=\"_blank\" rel=\"noopener\">some influencers<\/a> can help you out for a token.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can register the business name with the CAC for only 5,000 Naira. People trust registered businesses more than unregistered ones.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Do all that\u2019s needed to put your business out there.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Financial Capital Needed&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How you start depends on your capital. The beautiful thing about this business is that you can start from your house with some essential items needed for laundry\/dry cleaning. <strong>If you intend getting a shop, it will cost you more depending on your location.<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Here are some things you\u2019d be needing to start a laundry\/dry cleaning business:<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>Item Needed<\/th><th>Cost Price<\/th><\/tr><\/thead><tbody><tr><td>Washing machine<\/td><td>50,000<\/td><\/tr><tr><td>Dryer<\/td><td>98,000<\/td><\/tr><tr><td>Iron board<\/td><td>30,000<\/td><\/tr><tr><td>Electronic iron<\/td><td>6,000<\/td><\/tr><tr><td>Hangers<\/td><td>15,000<\/td><\/tr><tr><td>Pegs<\/td><td>3,000<\/td><\/tr><tr><td>Buckets<\/td><td>2,000<\/td><\/tr><tr><td>Basins<\/td><td>3,000<\/td><\/tr><tr><td>Laundry soaps and detergent<\/td><td>3,000<\/td><\/tr><tr><td>Brushes<\/td><td>4,000<\/td><\/tr><tr><td>Garment conveyor<\/td><td>25,000<\/td><\/tr><tr><td>Bleach<\/td><td>1,000<\/td><\/tr><tr><td>Power generator<\/td><td>85,000<\/td><\/tr><tr><td>Banner<\/td><td>10,000<\/td><\/tr><tr><td>Stickers<\/td><td>5,000<\/td><\/tr><tr><td>Business name registration<\/td><td>5,000<\/td><\/tr><tr><td>Social media promotions<\/td><td>5,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Other essential tips<\/strong> to effectively run a <strong>laundry\/dry cleaning business:<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you have a car, you can add&nbsp;<strong>\u201cPick and deliver\u201d<\/strong>&nbsp;to laundry business. Customers prefer a laundry service coming to pick up their clothes and return them.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s a competitive advantage if you have a car and employ other hands.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Find out what your competitors are charging and know how to fix your prices.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Poultry\"><strong>Poultry Farming<\/strong><\/h2>\n\n\n\n<iframe loading=\"lazy\" width=\"727\" height=\"409\" src=\"https:\/\/www.youtube.com\/embed\/r3RKtH_G27M\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/experts.ng\/blog\/start-poultry-farming-in-nigeria\/\" target=\"_blank\">Poultry farming<\/a> is a very profitable business, and that\u2019s why it is speedily climbing up the fastest growing businesses in Nigeria ladder.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike what many people think, poultry farming isn\u2019t only about breeding chickens or egg production. There are four significant activities and possibilities with Poultry farming:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Layer breeding<\/li><li>Broiler breeding<\/li><li>Poultry feeds production<\/li><li>Poultry equipment production.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Poultry farming, as a business is broader than people think. And that\u2019s the reason it\u2019s essential to understand whichever branch you decide to venture.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Know that every branch is profitable, depending on how you run and manage the business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Why\u2019s Poultry Farming a Thriving Business?&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Considering the profit poultry farming yields, it is only logical to understand why it\u2019s thriving. The increase in the consumption of white meat which includes chicken, turkey, duck and other birds fall into is due to the health implications red meat has. All age groups consume white meat, unlike red meat. Apart from that, it\u2019s affordable and readily available.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How to Start This Business Idea&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The first step to take when starting this business is to take time to learn about the business. You might think breeding chicks and layers is all about feeding them, but that\u2019s not the case. Have it in mind that one single mistake can lead to the death of thousands of chicks. There are tricks in every business you have to learn to succeed, know them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After researching and learning about the different branches of poultry farming, you have to decide if you will be breeding chicks, breeding layers, or both. This decision is a result of the knowledge you\u2019ve acquired from your trainer. Specialize in the area you\u2019re good at.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Set up the poultry farm. This can be done in your house, rented land or acquired property. It depends on your budget. But wherever you choose, make sure it\u2019s conducive for the chicks, layers and eggs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another factor to consider when setting up your poultry farm is your access to water, power supply, motorable roads.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Structuring the farm can be done in three ways:<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Fencing system<\/strong>: This is a poultry farming system where the birds freely roam around in a fenced area fending for themselves. This structure isn\u2019t advisable for a business.<\/li><li><strong>Sawdust system<\/strong>: This is a poultry farming system that use sawdust as the main cage system. It allows the chickens to move freely. It\u2019s imperative to change the sawdust regularly to prevent the spread of diseases.<\/li><li><strong>Caging system<\/strong>: The is the most common system when structuring a poultry farm. Birds are caged according to their sizes.<\/li><\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Buying of equipment depends on the structure of your poultry farm. We\u2019ll look at the needed equipment and their prices in the starting cost outlay.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When buying the chicks, make sure you\u2019re buying from trusted dealers. This is one of many perks of being trained by a professional. You will be able to different healthy, malnourished and unhealthy chicks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Already prepared feeds are highly recommended when you\u2019re just starting. As you progress with time, you\u2019ll be able to produce the feeds yourself.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All things being equal, your turnover will depend on your marketing strategy. You are to build a network of retailers before your first harvest. Market to the retailers around your area and let them know when the products will be ready.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How to Keep This Business Idea Successful&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The business will be successful if you don\u2019t make crucial decisions from a greedy point of view. Start with a few chicks and see your progress. You don\u2019t test the depth of a river with both feet.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Employ helping hands if you are breeding more than 400 chicks. Poultry farming requires utmost attention, so don\u2019t give the business less attention.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Aggressively market the business to friends, family, colleagues, neighbours, retailers, food vendors, grill vendors, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financial Capital Needed&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>You can start with the sum of 100,000<\/strong> with a well-structured cage. You\u2019ll increase the chicks as time progresses.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>Item<\/th><th>Cost<\/th><\/tr><\/thead><tbody><tr><td>Business name registration<\/td><td>5,000<\/td><\/tr><tr><td>Banners\/stickers<\/td><td>15,000<\/td><\/tr><tr><td>Social media promotions<\/td><td>5,000<\/td><\/tr><tr><td>Leased land<\/td><td>100,000<\/td><\/tr><tr><td>Feeders<\/td><td>12,000<\/td><\/tr><tr><td>Chicks (N200x40)<\/td><td>80,000<\/td><\/tr><tr><td>&nbsp;Waterers<\/td><td>30,600<\/td><\/tr><tr><td>Cages<\/td><td>92,000<\/td><\/tr><tr><td>Incubators<\/td><td>48,420<\/td><\/tr><tr><td>Nests<\/td><td>50,000<\/td><\/tr><tr><td>Coops<\/td><td>50, 000<\/td><\/tr><tr><td>Waste disposal<\/td><td>25,000<\/td><\/tr><tr><td>&nbsp;&nbsp;Brooders &nbsp;<\/td><td>55,000<\/td><\/tr><tr><td>Perches<\/td><td>30,000<\/td><\/tr><tr><td>&nbsp;&nbsp;Power generator<\/td><td>100,000<\/td><\/tr><tr><td>bags Feeds (10)<\/td><td>30,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Other Essential Tips<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">To breed healthy birds, you must employ the services of a vet. A vet will advise you on what to do to make the birds healthier.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Partner with eateries, beer parlours, cuisines and local kitchens to provide them with fresh eggs, turkeys, and chickens.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>CAR WASH<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The increase in the number of busy car owners is making car wash business more profitable. Many car owners would prefer to take their vehicles to the car wash for thorough washing instead of washing their cars themselves.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This article writes on all the key essentials that you must consider before you start your car wash business &#8211; one of the leading fastest growing businesses in Nigeria.<\/p>\n\n\n\n<iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/H6QRprVzN_M\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe>\n\n\n\n<p class=\"wp-block-paragraph\">The most exciting thing about the car wash business is that you can start at any scale, even small. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You don\u2019t necessarily need to have big washing equipment to kick it off. With little capital, determination and hard work, you can scale that business into something big.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How to Start A Car Wash Business<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Learn about the business before jumping into it. Many startups fail not because they weren\u2019t profitable, but because the owners didn\u2019t take time to learn about the business.<\/p>\n\n\n\n<div class=\"wp-block-file\"><a href=\"https:\/\/experts.ng\/blog\/wp-content\/uploads\/2020\/09\/Startup-Business-Plan-Template.doc\" target=\"_blank\" rel=\"noopener\">Here is a free business plan template on car washing services &#8211; <br>Startup-Business-Plan-Template<\/a><a href=\"https:\/\/experts.ng\/blog\/wp-content\/uploads\/2020\/09\/Startup-Business-Plan-Template.doc\" class=\"wp-block-file__button\" download target=\"_blank\" rel=\"noopener\">Download<\/a><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">There are tricks in every business you\u2019ll have to learn in order to excel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Choosing the right location for the car wash is of utmost importance.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A majority of car washes are situated close to the roads. It would help if you situated your business close to your customers. Seek an open space close to a significant or busy highway.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Get the right equipment. As a starter, you mustn\u2019t have ample equipment, but there is some essential equipment to have. We\u2019ll be looking at some of the equipment in the starting cost outlay.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>How to Keep A <strong>Car Wash Business<\/strong> Idea Successful&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">First of all, you need to have the foresight to be able to keep it thriving. Have a well-thought growth map you\u2019re working with.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">I\u2019ve also noticed that having a sitting area where your customers (A lounge or something similar where car owners) can sit and chill while you wash their cars will increase your customer base\u2014adding something like a lounge or a minibar to the car wash will improve patronage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The location alone won\u2019t draw customers. You have to market the business every chance you get, aggressively. Tell friends, family, colleagues, neighbours, cliques, and every car owner you meet about the services you offer.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Collaborating with auto repair shops, barbershops, salons, and other businesses around will help boost your clientele.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Employing experienced car washers is very important. It would help if you had a team of professionals with integrity around your business.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the cars are thoroughly cleaned, your customers are more likely to come back.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financial Capital Needed&nbsp;For A<\/strong> <strong>Car Wash Business<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">How much you need to start depends on how big or small a car wash business you\u2019re creating. You can start with small machines in a not so ample space.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>Item<\/th><th>Cost<\/th><\/tr><\/thead><tbody><tr><td>Business name registration<\/td><td>5,000<\/td><\/tr><tr><td>Rented space<\/td><td>250,000<\/td><\/tr><tr><td>Social media promotions<\/td><td>5,000<\/td><\/tr><tr><td>Car wash machine<\/td><td>100,000<\/td><\/tr><tr><td>Water (Borehole)<\/td><td>400,000<\/td><\/tr><tr><td>Water tanks<\/td><td>45,000<\/td><\/tr><tr><td>&nbsp;Water Hose<\/td><td>10,000<\/td><\/tr><tr><td>Power generator<\/td><td>100,000<\/td><\/tr><tr><td>Brushes, Buckets, towels<\/td><td>7,000<\/td><\/tr><tr><td>&nbsp;&nbsp;Robber boots and gloves<\/td><td>6,400<\/td><\/tr><tr><td>Soaps and detergent<\/td><td>2000<\/td><\/tr><tr><td>Blowers\/dryers<\/td><td>350,000<\/td><\/tr><tr><td>&nbsp;Vacuums<\/td><td>40,000<\/td><\/tr><tr><td>Perches<\/td><td>30,000<\/td><\/tr><tr><td>Prep guns\/pressure water<\/td><td>100,000<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Other Essential Tips<\/strong> To Aid The Car wash Business<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Strategically partner with barbershops, salons, eateries, spare parts dealers to increase your customers. Use social media to create online awareness for your business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You may also wish to start a membership subscription plan.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Cassava Farming Business&nbsp;<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"youtube-embed\" data-video_id=\"q44iZZHdgyg\"><iframe loading=\"lazy\" title=\"Cassava farming in Nigeria; the truth you must know\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/q44iZZHdgyg?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Cassava is the source for most of the food Nigerians eat. Fufu, Garri, Abacha, Amala, Cassava flour, etc. are the products of cassava. And this has made cassava farming a fast growing business in Nigeria. Aside from the products being locally consumed, it also serve as foreign export since Nigeria produce cassava in high quantity. Statistics have it that 24 out of 36 states in Nigeria grow cassava.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/experts.ng\/blog\/farming-business-opportunities-nigeria\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cassava production<\/a> might sound like a huge task, but it\u2019s one of the easiest things to plant. The quantity you\u2019re planting is where the work lies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Suggested Read:<\/strong> <a href=\"https:\/\/experts.ng\/blog\/how-to-plant-watermelon\/\" target=\"_blank\" rel=\"noopener\">How To Plant Watermelon<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Selecting The Best Location&nbsp;For Your Cassava Farm<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Before choosing a location, it should be perfect for cassava farming. Go for fertile land that is well-drained. You won\u2019t be able to tell the real nature of the soil, and this is why you should take the soil for testing to find out if it will favour cassava farming.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Check for the following:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Adequate rainfall, sunshine or access to water<\/li><li>Landscape topography<\/li><li>Proneness to pest invasion<\/li><li>Proneness to soil erosion<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Choose Cassava Stems for Planting&nbsp;<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Understand that planting cassava for private use is different from commercial planting. When planting for private use, you may not be so particular about the stems you\u2019re planting, but this doesn\u2019t apply to planting cassava for business. In planting cassava for commercial use, you have to consider the stems to know if they are high yield stems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Different cassava stems don\u2019t grow well on the same soil. After testing your soil you should have better knowledge of the kind of cassava stems the soil can accommodate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Check the stems for the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The quality of the root they produce.<\/li><li>If the stems are healthy and fast-growing.<\/li><li>Whether the stems have a strong resistance to pests.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Rapid and rich growing stems for commercial cassava planting<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>NR 8082<\/li><li>NR 8083<\/li><li>TMS (2) 1425<\/li><li>TMS 30572<\/li><li>TMS 81\/00110<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Prepare the Soil<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Well-prepared soil aid the growth of healthy of the cassava.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How do you achieve this?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Adequate use of manure and fertilizer.<\/li><li>Prepare the soil for irrigation because you can\u2019t be too sure about rainfall.<\/li><li>Prepare the ridges to prevent rain from washing away the soil.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Prepare For Cultivation&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You\u2019re to prepare for cultivation from the very first day you planted the stems. It is highly recommended that you take good records of your activities to help you know the next step to take.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Before preparing the land, you\u2019re to apply herbicide on the soil. Liming is also another thing to do during land preparation. You\u2019re to apply agricultural lime of 5 (50kg) bags on the stems and land.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Plant the Stems&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Nigerian time for cassava planting is April. It takes 6-7 months to harvest early-maturing cassava, while it takes 12 months after planting the stems to harvest late-maturing cassava. It is advisable to apply fertilizer to the soil 8 weeks after planting the stems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Weed the soil regularly to make sure the stems aren\u2019t chocked by weed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Harvest the Cassava&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The best way to know that the cassava is ready for harvest is when the leaves turn yellow and fall to the ground, and when the root (cassava) is mature. To harvest faster, cut off the stems and preserve them for another planting season.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can carefully use hoes to dig out the cassava root from the soil.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Marketing Cassava Products&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can either sell the cassava in its raw form or process and sell it yourself. Whatever you decide to do, make sure you have built a network of buyers for your product. There\u2019s a big market for cassava products in Nigeria, so it won\u2019t be that difficult to sell.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>How to Keep The Cassava Farming Business Idea Successful<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your success is dependent on many factors, but you must have adequate knowledge of the business.&nbsp;Cassava makes our list of the leading fastest growing businesses in Nigeria because of many factors, one of which is her success rate amongst Nigerian farmers. Little wonder we are a leading producer of the tuber in the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Take time to learn the business by visiting cassava plantations and ask the farmers in charge questions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Learn about the market for your product and how to sell them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When you\u2019re applying any chemical on the land or cassava stems, do it rightly. Wrong measurements can cost you a lot.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Have a senior in the business you consult in case anything goes wrong.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Financial Capital Needed&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cassava farming is capital intensive. You have to own or lease a plot of land to do this business.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th>Item<\/th><th>Cost<\/th><\/tr><\/thead><tbody><tr><td>Rented land (1 hectare)<\/td><td>250,000<\/td><\/tr><tr><td>Land preparation<\/td><td>50,000<\/td><\/tr><tr><td>Cassava Stems (60 bundles)<\/td><td>10,000<\/td><\/tr><tr><td>Cassava cutting<\/td><td>5,000<\/td><\/tr><tr><td>Planting cost<\/td><td>12,000<\/td><\/tr><tr><td>Fertilizer (10 bags)<\/td><td>50,000<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;Fertilizer application<\/td><td>7,000<\/td><\/tr><tr><td>Herbicide application<\/td><td>12,000<\/td><\/tr><tr><td>Weeding<\/td><td>15,000<\/td><\/tr><tr><td>&nbsp;&nbsp;Insecticide<\/td><td>5,000<\/td><\/tr><tr><td>Harvesting<\/td><td>20,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Suggested Read:<\/strong> <a href=\"https:\/\/experts.ng\/blog\/source-funding-nigeria-business\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sources Of Funding For Small Business Owners in Nigeria<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Other Essential Tips<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a farmer, you\u2019ll be needing all the patience and consistency you can get to make something out of this business. Learn how to store and preserve the products and get ready buyers before harvest.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Conclusion:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These businesses are not on this list of the leading fastest growing businesses in Nigeria by accident; they are easy to venture, highly profitable and with minimal risk. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Do you know any other business that is worthy of this list? Please give your suggestion using the comment section and I will write on them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I guess you want to have an idea of profitable businesses in Nigeria. This article gives you a deep dive into not just profitable businesses, it focuses on the fastest growing businesses in Nigeria today and how you may successfully venture into them and become profitable. As Africa\u2019s largest economy, the Nigerian economy abounds many [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":18286,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"nf_dc_page":"","rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_3899566575_3899566575":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[33,80,36],"tags":[3326,3324,3327,85],"class_list":["post-18285","post","type-post","status-publish","format-standard","has-post-thumbnail","category-opportunities","category-agriculture","category-ecommerce","tag-car-wash","tag-cassava-farming","tag-laundry","tag-poultry-farming"],"_links":{"self":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/posts\/18285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/comments?post=18285"}],"version-history":[{"count":0,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/posts\/18285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/media\/18286"}],"wp:attachment":[{"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/media?parent=18285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/categories?post=18285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experts.ng\/blog\/wp-json\/wp\/v2\/tags?post=18285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}