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The economy of Ile-Ife is diverse and encompasses various sectors. Agriculture plays a significant role in the economy of Ile-Ife. The region is known for the production of crops such as cocoa, yam, cassava, palm produce, vegetables, and fruits.
If you’re interested in exploring business opportunities in Ile-Ife or looking for the type of business to invest in, then you may consider some of the business opportunities in this article.
Check Out The Top 5 Flourishing Businesses Available
- Food Business
Food business in Ile-Ife is one of the fastest-moving businesses to start by passionate entrepreneurs and make a lot of money.
Since everybody needs food to survive, food business is a good daily income business idea where you could make tens if not hundreds of thousands of naira every day in profit in Ile Ife.
- Cooking Gas Business
Starting a cooking gas business in Ile-Ife can be a lucrative venture due to the high demand for cooking gas in households and businesses.
Cooking gas business is very profitable in Ile Ife and you don’t have to break the bank before you can start. With N300,000, you will get your business setup and ready to go with almost everything necessary in place. And this is a big business that anyone who is into it can be proud of.
- Phone Repairs And Accessories Sales
Do you wish to start a phone repairing business and accessories sales? The mobile phone repair business is growing by leaps and bounds all over Ile Ife. Due to the ever increasing number of smartphones, there is also a huge need for mobile phone repairing services.
As these smartphones are quite prone to damage in both software & hardware, there is a high demand for the mobile repairing service providers.
Therefore, if you are looking forward to start a mobile repairing business of your own in Ile Ife, then you can be quite successful at it too if you follow some well-thought strategies.
Your mobile repairing business can be a highly profitable business venture if its run in a professional way. The best thing is that you can start this business with a very small investment and with little experience into the same. Owing to the fact that the profit margins are very high, you can have a greater chance of making substantial profits out of this business.
Starting a phone accessory business can be highly profitable and highly competitive. Phone accessories is on the high demand in Ile Ife. These accessories include protective cases, USB cables, headphones, data cables, Bluetooth headsets, power banks, screen protectors, mobile chargers, etc.
- Transport Business
There are several garages in Ile Ife and these parks have vehicles that tour different parts of the city, as well as outside it. It is for that reason that you too may look to start a transport business.
You can start to invest in this type of business with a fairly used bus or car. You can be sure to make great profit when you are consistent with this.
- Printing Business
Printing business in Ile Ife is indeed a money spinner and has very high returns on investment. A lot of printing jobs run into hundreds of thousands and millions in Ile Ife.
For instance, if the total cost of delivering a particular job is N20,000 and you charged N35k. What this means is that if you are running 300 units of same job, you get to rake in N15,000 × 300 in profits. This is N450,000 for just a ride!
No wonder large scale printing in Ile Ife is waxing stronger and raking in millions for printers.
