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Ibadan, the capital city of Oyo, presents numerous opportunities for entrepreneurs to thrive.
With its large population and strategic location, businesses can tap into the city’s vibrant market.
Here are six lucrative business ideas to explore in Ibadan:
1. Recharge Card Business
The demand for recharge cards is consistently high in Ibadan. Starting a recharge card business can be profitable, either by printing recharge cards or becoming a reseller.
2. Food Business
Ibadan’s vast population creates a high demand for food. Consider opening a restaurant, cafeteria, or small kiosk selling local delicacies like Amala and Ewedu.
3. Auto Repair Business
With many vehicle owners in Ibadan, an auto repair business can thrive. Start small or large-scale, employing trained mechanics specialising in popular car brands.
4. Aso Oke Business
As Oyo is predominantly Yoruba, producing traditional Aso Oke clothing can be lucrative. Sell locally or to customers elsewhere.
5. Phone Repairs and Accessories Sales
Many people own phones, and they’ll always need repair services. Train young graduates in phone repair and sell phone accessories.
6. Poultry Business
Oyo boasts the highest number of large-scale farms in Nigeria. Starting a poultry business, whether small or large-scale, can be profitable.
