The event centre should be easily accessible, it should be sited in a location that it will advertise itself. To get real value from your investment, carefully choose your location. But if your focus is a long-term investment in Ekiti, an event centre is one of the investment opportunities you should consider. Event Centreīuilding a modern event centre is capital intensive but the investment is worth it because Ado, Ikere, and other towns in the state bubble over weekends and during festive periods. You can also undertake large-scale farming and on the side lease the machinery to other farmers who are interested in migrating from subsistence farming to mechanised farming (which is highly productive and could generate high revenue for farmers). To get value from this investment, it’s imperative to first carry out a market survey, identify areas where farmers have the financial capacity to bear the cost of renting farm machinery. If you have millions of naira to invest in agriculture, Ekiti should be your next bus stop because the state is essentially an agrarian society blessed with soil properties conducive for growing a wide variety of crops. Someone Is Reading: 20 Business Opportunities in Kaduna State for Investors Mechanized FarmingĪpart from being a civil servant state, Ekiti State is home to thousands of farmers who use traditional farm implements. If your goods are NGN10 cheaper than your competitors’, you’ll be amazed by the level of repeated patronage you will be getting from buyers. The fact that the available sellers sell at higher prices creates another business opportunity for those who are ready to supply the same goods at a cheaper yet profitable rate. And they are expensive before getting to the final consumers. The few suppliers in the Ado are usually overwhelmed by hundreds of buyers every week. Goods like milk, bournvita, milo, biscuits, cornflakes are imported from Lagos and Ibadan into the state. Basiri-Fajuyi area of Ado would be a good location if you want to get enough piece of land for the warehouse facility. If you want to make money from this venture, get a good location, build a modern-day warehouse facility and let it to major suppliers of goods in the state. A lot of suppliers and wholesalers travel to Ibadan and Lagos to buy goods at a cheaper rate and sell to retailers in Ado-Ekiti and its environs.Īt the time of this publication, the warehouse in Ado-Ekiti (which is the hub of commerce in the state) is insufficient. One of the lucrative businesses in Ado-Ekiti and other major towns is a distribution business as we earlier pointed out. Money-Making Opportunities in Ekitiīelow is a list of business opportunities you can tap into to create another stream of income even as a civil servant or as a foreigner. There are lots of business ideas one can implement in Ekiti State and for an investor, there are several existing resources that can be fully explored to make money in Ekiti and be an employer of labour. One of its most popular tourist attraction centres is Ikogosi warm spring waterfall. It is also blessed with some natural resources. Ekiti state is notable for the cultivation of yam, cocoa, and cashew among others. While you may be wondering about other business opportunities in Ekiti State, let’s take a quick peep into a state nicknamed “Land of honour and integrity” formerly known as “fountain of knowledge”.Įkiti is among the six states created by the military regime of Sani Abacha (late) on October 1, 1996, to mark the independence anniversary of Nigeria. In the southwest, Ekiti State is one of the best places for buying and selling and other distribution businesses like “provisions” phone accessories, clothing (already-made and cut and sew) among others.
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