Every business venture is an important one. However, some businesses are more crucial than others and as such, generate better profit margins. The location and lifestyle of people residing in a place are major factors that influence the business flow and growth.
Abuja being one of Africa’s emerging cities, has quite a large population and business owners have continued to explore business opportunities that appeals most to the residents of Abuja. We have come up with a list of the five (5) most important businesses in Abuja.
With a population of eight hundred thousand (800,000) people or more living and working in Abuja, and very expensive accommodation costs, real estate is perhaps the most lucrative of businesses in Abuja.
In the end, you do not always have to have money to buy land or build a house before cashing in on the Abuja real estate trade. There is a market for realtors/house agency, estate managers and service providers, estate consultancy, etc.
Real Estate is no doubt one of the 5 most important businesses in Abuja right now and so if you intend moving to Abuja, its one of niches you should think about as it would help you earn much more than you ever imagine.
Ever heard, ICT is the new oil? Once upon a time, oil workers were the only people who pulled in millions with their jobs. Today, the world is changing and ICT has changed the game. People who deal in ICT in Abuja are making a killing from the business and this should not be a surprise to anyone.
Most residents of the city are fascinated by the possibility that communication technology has to offer and even if all you do is sell phones and accessories, you are sure to generate great profit.
Besides selling of computer hardware, people engage in teaching others computer skills for a price. There are also software developers who work with companies to create applications and company software packages.
There are also website developers and graphic designers who create websites and designs for companies and individuals. The thing is, ICT has a lot of niches, offering you a wide range of possibilities to create wealth and guess what? Abuja is a perfect market for you.
Corporate Event Management
Events such as, weddings, seminars, conferences, church programs, birthdays, etc happen on weekly or daily basis in Abuja; this makes event management and planning quite a lucrative business to run in the city.
For events, halls, parks and gardens are often used, this generates profit for owners of such outlets. Getting a venue for your event isn’t all there is to organizing one; this creates room for the services of an event planner, an event décor, an event caterer and a host of other event service providers.
With the capital city having so many start-ups, branding companies have come to stay. Companies are often caught in the web of poor advertising and placement and this is the problem branding companies solve.
This is 5 most important businesses in Abuja this 2019, I know there are a lot more than just 5, but then, always feel free to add more using the comment feature below this post and if you have any criticism, feel free to contact us using the details on the contact page.