20 Best Financial Investment Opportunities in Nigeria – 2023

In addition to being the most populous black nation in the world, Nigeria is also called the Giant of Africa because it has a great deal of natural resources and human resources, many of which are untapped.


Nigeria is full of investment opportunities for anyone willing to invest, from the south, which boasts oil and other natural resources, to the north, which boasts gold and other resources.

This article highlights the most lucrative financial investment opportunities in Nigeria.

Whatever your budget, there is an opportunity for you. Investing in Nigeria can bring you a good return whether your investment is as small as ₦100 or millions of naira.


Investment opportunities in Nigeria are covered in this article for low- and high-income earners, as well as foreign investors. There are many opportunities!

What Is Financial Investment?

Financial investment refers to putting aside a fixed amount of money and expecting some kind of gain out of it within a stipulated time frame.

Investment is the dedication of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset.


ALSO READ: 5 Top Real estate investment platforms in Nigeria

20 Best Financial Investment Opportunities In Nigeria

1. Agriculture

Nigeria’s population is estimated to be over 200 million. And one of the biggest challenges is feeding this large population. Nigeria has been unable to produce enough food for it’s population so they depend so much on import.

in 2018, Audu Ogbe, the minister in charge of Agriculture in Nigeria at that time said the country spends $22 billion every year on food importation. Since independent, successive government has tried to reduce food importation. And as a result many incentive has been given. The Bank of Agriculture was created to help businesses that are into agriculture get finance and support.

Field with oranges. .

There are many finance institution including the ministry of finance in Nigeria who offer special financial assistance to Agriculture focused businesses. Agriculture is definitely one of the most important investment opportunities in Nigeria.

Investing in the Agriculture sector will be a very lucrative venture if well planned and executed. Areas of major interest include crops, livestock, transportation, farm equipment and many more.

2. Real Estate

Real Estate in one of the most profitable investment opportunities in Nigeria. This is because of the booming population. And large migration to major cities such as Lagos, Abuja, Port Harcourt, Uyo and the rest. Investment in real estate in major cities can be very lucrative for investors.

The opportunities include low cost housing, supplies of building materials, hotels, shopping complex and so many more. There are many aspect you can invest in real estate and make profit.

With Platforms like Risevest, and Coreum, you can start investing in real estate from an app.

How they work is that they pool your money with other investors and invest in real estate investments properties. Each property is divided up into equal parts and allocated to the investors.

So if you’re a real estate enthusiast, you can start investing in them today.

As the population continues to grow and the economic keeps growing, one of the biggest problem is housing.

Also Read: 20 Best Free Property Listing Websites In Nigeria 2022

3. Oil and Gas

The Oil and Gas sector is what Nigeria depends on on. Both foreign and local investors can key in to the Oil and gas sector in Nigeria and watch their investments grow. Nigeria is one of largest oil producers in the world.

Oil and Gas
Pipeline and valve of chemical plant

Here are some areas investors can key into in the oil and gas sector:

  1. Exploration and Exploitation
  2. Products Marketing
  3. Pipe-lining
  4. Well Services
  5. Petroleum transportation
  6. Development of local alternatives for imported items such as medium pressure valve, pumps, shallow drilling equipment, drilling mud, bits fittings, drilling cements, detonators, steel castings, magnetic tapes and more.
  7. Construction and Installation
  8. Domestic Production and marketing of Liquefied Petroleum Gas (LPG)
  9. Manufacturing of LPG cylinders, valves and regulators, installation of filing plants, Retail distribution and development of simple, flexible and much less expensive gas burner to encourage the use of gas instead of wood and other fuels
  10. Refining
  11. Establishing industries to produce chemicals and Solvents from natural gas, such as Chlorinated methane, Formaldehyde and others
  12. Establishing plant to for the production of refined mineral oil, petroleum jelly and grease and others
You might also want to check out 10 Best Oil And Gas Training Institutes In Nigeria In 2022

4. Mining

Apart from oil, Nigeria is blessed with very numerous natural resources that is not been given attention.

An investment in this ignored areas can be very lucrative for a determined investor. The mining sector in Nigeria is way under explored.

Not much has been done. This leaves a lot of opening for potential investors who will want to have a look.

Many of the resources in Nigeria are untapped and the government has continued to show signs it is willing to cooperate with investors who want to get in.

Construction vehicles working in marble quarry with oversized marble blocks

Some of the resources include:

  1. Limestone
  2. Coal
  3. Iron metal
  4. Bitumen
  5. Gold
  6. Columbite
  7. Tin
  8. Uranium
  9. Marble
  10. Koalin

5. Manufacturing

Nigeria is a country that is over dependent on importation for the smallest of things that you may never think of.

This is is not good enough for the largest economy in Africa. As the economy continues to grow, there is need to produce so many things at home. The man power is there.

An investment in Nigeria’s manufacturing sector will yield result. Create employment and boost the economy.

Consecutive governments have constantly call for investment in the manufacturing sector.

Minor household items such as toothpick is mostly important into Nigeria. There are many crucial things to manufacture: Food items, water (table and sachet), fibre cables, telecommunication equipment, tyres,fashion and the list is long.

6. FGN Savings Bond

FGN savings bond is a bond issued by the Debt Management Office (DMO) on behalf of the Federal Government of Nigeria.

The bond is tailored and targeted at retail investors with guaranteed quarterly interest payment and repayment of the principal at maturity.

When you buy the into the FGN savings bong, you are lending money to the Federal Government of Nigeria for a period of time and you will be paid interest.

This is considered a every safe investment in Nigeria because it has the full backing of the Federal government of Nigeria.

You can invest from invest N5,000 to N50,000,000 for a period of two to twenty years. The interest you earn on each investment depends on the term.

7. Stocks

Stocks can be a very risky investment but it can also be very lucrative. If you have money that you have no urgent need for, you can put it into well analyzed stocks.

It is like betting on the a company to do well. You buy into it. If the company appreciates, you make money.

See Also: How To Buy Foreign Shares In Nigeria 2022

8. Fixed Deposit

This is a good way to invest money with peace of mind. If you have a large money that you might not need for a period of time, you can fix that money in a bank or other financial institution and make big profit on it. Politicians take advantage of this a lot.

Usually, the longer you fix the money, the bigger the profit. Just approach a bank and tell them you want to open a fixed deposit account. You will be put through the process.

Just go home, relax and go about your normal duty while your money is literally growing.

9. Tech/ICT

Tech stands for technology. Investing in technology is the best practice in this century. Technology dominates everything that we do. According to statistics, there are over 76 million Nigerians who uses the internet. That is big!

Nigeria is struggling with so many problems that can be solved with technology. There are many ways technology can make life better.

Invest in tech companies or build one yourself. Pick a problem to solve and the future is yours.

Recently, FinTech has been trending in Nigeria. But there are many other aspect of tech!


10. Transportation and Haulage services (logistics)

Nigeria has a problem. Especially in big cities such as Lagos. The population is so concentrated in these areas that transportation becomes a big challenge.

It is a very common thing to see large crowd of people at different bus stops in Lagos at the close of work helplessly waiting for buses.

An investment in the transportation sector is a good investment. With the number of major traffic in Nigeria, there is need for alternative transportation such as water transportation and trains.

In places where motorcycle and tricycle are allowed, it can make a good investment.

Haulage services is very lucrative. There is constant need to transport various items from petroleum products to edible products, textile and more.

Check out: Top 8 Best International Courier Services in Nigeria 2022

11. Franchise

There are franchise opportunities that anyone can tap into and grow money. Franchise can be the fastest way to launch a business and have many customers.

Because you will have a brand name that is trusted and well known. This means people will patronise you from day one without any form of marketing!

12. Cryptocurrency

Cryptocurrency is trending worldwide and it is in Nigeria too. From as little as N100, you can invest in cryptocurrency and reap great returns.

The price of cryptocurrencies usually goes through extreme ups and downs. There are also lots of unknowns when it comes to cryptocurrencies. For cryptos to work like normal currencies, there’s is still a lot to iron out.

Don’t get me wrong there’re a lot of people making money by trading crypto but you have to be smart and wise. You must select the right cryptocurrencies to invest in.

Cryptos that you believe will still be here for a long time. And to make money trading cryptos make sure you buy a cryptocurrency when the price is down and sell when it is high.

Investing in Bitcoin and other alternative coins (ethereum, Solana, Doge) is one of the legit investment opportunities in Nigeria. You can start investing in cryptocurrency in Nigeria with Binance and Bundle.

If you have a big investment, you can start a localized cryptocurrecny trading platform.

Read: 20 Best Sites To Buy Cryptocurrency In Nigeria 2022

13. Investment Apps

There are investment apps that can help you invest your money no matter how little you have.

These apps can help you grow your money without stress. All you have to do is deposit the money in the app and you will reap profit in time. They are reliable.

Also Read: Top 20 Best Investment Platforms in Nigeria {Legit Online Investment Apps In 2022}

14. Mini Importation

You might as well consider starting a small business that is less stressful. Well, if you have less than 200k, Mini importation is one business you should consider right away.

With less than 200,000 Naira, you can start importing products from China down to Nigeria with only your mobile phone and makeover 50%-120% profit depending on your niche in a short while.

Mini Importation is definitely a business in Nigeria to invest into.

15. Gold Investment

Gold as an investment opportunity in Nigeria is good because its value never falls. If you have a 15 karat gold today, it will still be 15 karats even after 20 years but the worth may have increased tens of thousands fold over that period.

Gold serves as a store of value and seeing it Gold as an investment opportunity is a great idea. To be able to trade in gold products, you must first learn the basics of doing the Gold business.

You must know how they are measured, weighed, and valued. You must also know where to source from and how to identify original gold for investment.

With 200,000 Naira to 1 Million investment capital into gold, you’ll make a good profit.

16. Private Education

The need for skilled tradespersons, computer programmers, and agricultural workers will only increase in demand as Nigeria transforms its economy and becomes an international economic power. At present, there is an opportunity for private education to offer specific programs that are in demand in the country.

Nigeria is a country with vast underemployment and by offering distance learning or night schools, there is potential for strong investment returns in for-profit education.

As an example, one can look at the success of Curro in South Africa, which began as a private for-profit primary and secondary school and now has a post-secondary offering.

17. Inland Waterway Transport

There are lots of opportunities in the transport industry and the inland waterway is one of them. Nigeria has a broad network of inland waterways comprising rivers, creeks, lakes, and seas; yet, transportation still remains a challenge because investors are yet to tap into water transportation.

A lot of countries such as Italy, Thailand, etc have effectively been utilizing their waterways as a means of transport; thus reducing the traffic congestion on the road. All you need to do is to incorporate a company, obtain a license from the state and federal government, import or purchase some locally fabricated boats; and you are in business.

18. Media House: Television and Radio Station

Now it is a known fact that the mass media industry is saturated in Nigeria. However, this is only true for some cities in Nigeria such as Lagos and Abuja.

I have traveled through several parts of the countries and discovered that most states have no private TV station, and only rely on the government’s own TV stations; which are very incompetent, uncreative, and unreliable.

I see an opportunity for entrepreneurs and investors with interest and competence in broadcasting or mass media. You can either choose to set up a radio station or TV Station.

You think you don’t have the funds for a license and infrastructure to run a conventional TV and Radio station, then you should consider starting an online radio station, podcast, or Youtube Video Channel.

You might want to read How To Start An Online TV Channel And Make Money With It

19. Construction Industry

Nigeria is still a developing country especially in the area of infrastructure but this is set to change in the nearest future. Massive constructions are currently on-going in Nigeria ranging from bridges, roads, towers, and skyscrapers, etc.

If you run a construction company overseas, or you have the financial capacity to assemble the needed team and machinery for a construction company; then this is a business you should invest in.

20. Invest In Index Funds & ETFs

An index fund is a passively managed portfolio of stocks or bonds that are designed to copy the composition and performance of a financial market index. Like the S&P 500, the Dow Jones Industrial Average or the Nigerian Stock Exchange 30 Index (“NSE 30 Index”)

Index funds typically have lower expenses and fees than actively managed funds. The investment strategy of Index funds is to match the risk and return of the market.

Based on the theory that in the long term, the market will outperform any single investment.

Index funds are one of the best financial investment opportunities in Nigeria because In many cases, index funds outperform the majority of actively managed mutual funds.

ALSO READ: 10 Best Performing Mutual Funds in Nigeria -2022


A reliable financial future and financial independence can be constructed by investing in untapped investment opportunities.

From this list of the profitable financial investment opportunities in Nigeria, you can choose according to your budget and start investing immediately, whether you have a huge amount of capital to invest or a few thousand naira to spare.


0 thoughts on “20 Best Financial Investment Opportunities in Nigeria – 2023”

Leave a Comment