Port Harcourt is one of Nigeria’s largest cities, and the chief economic centre of the country’s southernmost region. It has achieved this status largely due to the role it’s played in Nigeria’s oil industry. But most of its residents don’t work in that sector. Many of them have to decide what the best businesses to start in Port Harcourt are, given that opportunities to get employed by decent companies don’t always exist.
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If you were to ask this question to inhabitants of the city, they’ll give you varying answers that depend on their perception of current demand in the area. Unfortunately, a lot of these suggestions point seekers in the direction of already saturated domains, or products and services for which there isn’t much demand.
In this article, we’ll share 6 business ideas that will almost certainly do well in Port Harcourt. Our suggestions are based on current demand for products and services in the city, including the needs that other local businesses have.
Wholesale Supply of Food Produce
The people of Port Harcourt, like every other Nigerian, will always need food. And because the city’s population is growing, demand for food produce is rising as well. You can start a business that meets the needs of the city in this area. Your business could lift food produce from production centres and supply it to markets and other sellers in Port Harcourt.
Real Estate
Port Harcourt’s real estate scene is a beehive of activity. There’s a lot of interest in land banking, property development, and building residential and commercial spaces to be rented out. The opportunities in the industry are many and varied, ranging from asset flipping to real estate agency and rentals. Even if you aren’t holding property for the long term, value appreciation in this sector of Port Harcourt’s economy in the short term is rapid enough to make shorter-term investments worthwhile.
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Waste Recycling
Like every other major city in Nigeria, Port Harcourt generates a large amount of waste. But not much of it is recycled or repurposed. You can build a viable business out of accepting large hauls of waste, recycling them into valuable products, and selling those items. This doesn’t merely drive up your earnings; it will also reduce the volume of waste that ends up on the streets of the city.
Social Media Management
Many businesses in Port Harcourt aren’t leveraging social media nearly enough. Some of them know this, but they’re too busy running the core of their operations to adequately maintain an online presence. You can create a social media management agency that serves these businesses. First, be certain that this is something you are skilled at. Then reach out to as many businesses in the city as you can, in a bid to secure a few early clients.
Business Consulting Agency
Business consultants in Nigeria provide services like expert guidance, strategies for increasing productivity, official registrations, advice about business models and operations, and securing appropriate documentation for corporate uses. A large percentage of businesses need this help and are willing to pay to get it.
Business Procurement Outsourcing
Another idea is to launch a business procurement outsourcing agency. This firm would be paid by other businesses to help them buy supplies. The allure of this service would be that it can save a good deal of money over time for its users. This is because your procurement outsourcing outfit would be more knowledgeable about supply sources and would therefore be able to access them on the client’s behalf.
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Final Words
The ideas we discussed above are for some of the best businesses to start in Port Harcourt right now. If you live in this city and would like to establish a commercial venture, you can explore any of the ideas talked about here. Just make sure to do your own research before settling for any of the businesses this article mentions.
Got a suggestion? Contact us: [email protected]
