It is one of the most lucrative business ideas that one can't do without. We all eat to survive but also need to move our edible god from one place to another to earn a living.
Taking a look at other primary needs like shelter and health, you'd also notice that they can't work without the need for transportation.
Lucrative Transportation Business Ideas And Opportunities For Nigerians
In this article, we'd be sharing some amazing lucrative transportation business ideas and opportunities for Nigerians. We got a number of them penned down here but we'd appreciate it more if you also contribute by dropping us a comment below.
• Ridesharing
Ridesharing is a service that involves an arrangement of a one-way transportation on short notice. The two biggest ridesharing company in the world in Uber but moving to Nigeria, you'd see a number of them including Taxify and OgaTaxi.
You can now easily book a taxi with your mobile phone and in less that 10 minutes, it's at your doorstep ready to pick you up.
What if you're interested in becoming a driver? You can easily register by downloading the mobile app of your choice platform. Car owners can also make more than ₦40,000 weekly by registering their cars on the platforms. They won't have to ride as the company will get a driver assigned to it.
Also check out our list of the 5+ best cars for Uber in Nigeria.
• Taxi service
Taxis are similar to Uber and other ridesharing platforms, but also different. As a taxi owner, you'd have to get a car (either by purchasing or through hire purchase) for picking up customers yourself.
Taxi drivers rely on customers who they pick up either along the roadside or in parks. Taxis in different Nigerian states are also painted the same colours for easier identification.
As a car owner, you can easily join in the taxi business by either hiring a driver or driving the car yourself.
• Transportation of heavy materials
If you have enough funds to purchase a truck, you can be making millions monthly from transporting/supplying heavy materials and equipment.
Different goods are being conveyed across states in Nigeria and many of the companies don't really need to purchase the trucks themselves when they can easily hire them.
• Courier service
Courier services is gaining more grounds in Nigeria with the increase in the number of people that shop online. Many eCommerce platforms are in need of delivery services that would help in delivering goods to customers across the country.
You can easily grab the rising eCommerce trend by starting a delivery service in Nigeria. You can check out our article on how to start a successful courier business in Nigeria.
• Car rental services
This is a very lucrative, but less-saturated business that you can venture into in Nigeria. It is however capital intensive as you'd have to acquire cars to set up the business running.
Your customers will include newly wedded couples, music artists, entertainers, churches and many other people.
The first step you need to take in this business is to define a target market. This, coupled with your location will affect your choice of cars and other things.
• Ambulance service
You won't only be making money, but also contribute to humanity. You'll be saving a lot of lives by offering emergency services with your ambulance in Nigeria.
• Transportation of petroleum products
It is also capital intensive as a tanker can cost millions of Naira. It is however a very profitable business with a high ROI.
• Transportation of marine fuel
The transportation is usually transhipped into another vessel at the port of discharge or done to tank farms.
This business however requires a large capital. You can either acquire the vessels yourself if you have enough funds or broker the lease of a tanker vessel and get paid a commission on it.
• Filling station
Building a filling station in a busy road would mean building a steady flow of income. You can also include a gas station there for people who intend refilling their cooking gases.
• Vehicle towing service
If you have a towing van or truck, you can make good money partnering with mechanics or other people that need your services. Some countries also deem it necessary that you obtain a license before you can start running this business there.
• Travel agency
Services you can be providing as a travel agent can include car rentals, travel insurance, railways, hotels, cruise lines, airlines, guide books, bureau de change services and others.
• Vehicle maintenance and repairs
You can decide to hire experienced mechanics that will be working for you while you go on your regular businesses or do the work yourself. Whichever way you choose, a good location will go a long way towards bringing clients to your shop.
• Aircraft maintenance and repairs
You also need to possess a high level of skill in order to be eligible to work as an aircraft mechanic. As an aeronautical engineer, getting a licence to operate an aircraft maintenance service won't be a hard task.
• Automobile sales
You can easily venture into the this business even without having enough funds. There are many car dealers in Nigeria that would offer you commissions for sales you generate.
• Automobile spare parts sales
Getting customers won't be hard if you site your business in a busy location. You will also get popular with time as you advertise your business to more people.
• Car wash service
One of the secrets of excelling in this business is by setting it up in a busy location. You can check out our guide on how to start a car wash business in Nigeria.
• Driving school
You can start a driving school by getting the necessary licences from the government agencies.
• Private jet charter
If you have enough capital, going for this can be a good bargain. You can get customers by building connections with influential figures.
You can also venture into this business without having enough capital. In this case, you'd have to start a jet charter brokerage service, whereby you'd be linking up buyers and sellers while earning commissions.
• Insurance brokerage
You can work as an insurance broker for goods transported via road, sea, or air and earn commissions from each client.
• Travel blogging
There are so many lucrative niches that you can venture into as a blogger and still make 6-figures monthly. Please click HERE to read more about how to start earning as a blogger without capital.
• Radio/TV Program
With time and proper publicity, a lot of people would start tuning to hear you speak. Are you interested in starting a radio channel in Nigeria? Kindly check out our previous post on how to start a radio channel in Nigeria.
What more? Thanks for reading along, don't forget to drop us a comment and share with your friends. Also check out our post on how to set up a successful Keke NAPEP business in Nigeria.
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