Sokoto state is one of the 36 states in Nigeria, located in the North Western part of the country. The capital of Sokoto state is Sokoto and the slogan of the state is 'Seat of the Caliphate'. The languages that are commonly spoken in Sokoto state are Hausa, Arabic, and English.
Sokoto state shares borders with Zamfara and Kebbi state, and an international border with the Republic of Niger. The religion of the people in Sokoto is Islam.
The major sources of income for the people in Sokoto are Farming, Livestock rearing (Goat, cattle, Sheep), arts and crafts, trade and commerce, and Fishing. Crops like groundnut, Potato, Kola nuts, millet, sorghum, maize, tomatoes, onions, cotton, etc. are cultivated on a large scale in Sokoto state.
Best Business Opportunities in Sokoto State
1. Farming: Sokoto state is one of the states in Nigeria where people can establish their farming business . The state government is putting serious effort to ensure that irrigation is spread across all farming areas in the state. This is an advantage to those people that want to start their farming business in Sokoto state.
2. Fishing Business: The fishing business is another profitable business to venture into in Sokoto state. This business has various options you can tap into, for example, you don't have to go fishing to be involved in a fishing business. You can start a fish drying and packaging business in the state. All you need are the necessary equipment to start and you are good to go.
3. Raw Food Business: You also successfully established a raw food wholesale business in Sokoto State. When it comes to the food industry, especially raw food, you can never go wrong. Open a store where food retailers can buy raw food, especially rice, beans, garri, and grains if you're searching for a sure-thing venture that will ensure good returns on your investment.
4. Mobile Phones and Computers Accessories Shop: Another incredibly profitable business an entrepreneur might launch in Sokoto state is a mobile phones and computers accessories shop. Because more and more individuals in Sokoto state are starting to embrace technology use, the demand for these products is rising. The area you choose to establish this type of business will have a significant impact on how successfully you can grow the firm, which is the most crucial factor.
5. Tricycle and Motor Bike Merchant: Tricycles and motorbikes are popular forms of transportation in Sokoto state. In almost every corner and cranny of the state capital, tricycles and motorcycles may be seen. If you have the necessary funding, this is a benefit and a justification for starting a tricycle and motorcycle business.
Related: How to Get Grants for Small Businesses in Nigeria.
6. Water Refill Stations: Profitable in the state due to the ongoing shortage of portable drinking water. Just make sure you have at least one tanker available for delivery to homes and businesses. In actuality, once people learn that you treat your water, they will choose to buy from you over neighbourhood water vendors.
7. Car Wash Business: Another incredibly successful and lucrative business an entrepreneur might launch in Sokoto state is the car wash industry. Because Sokoto has a large car fleet, this firm can thrive there. Just make sure your vehicle wash is situated in an ideal area so that it is simple to access.
8. Furniture Making Business: This business requires skills to start, and then capital to start the business. if you have these two important requirements, then you can start this business in Sokoto state. You can start on a small scale and when you get a bigger contract, you can then start expansion.
9. Fast Food Industry: Sokoto city is one of the northern Nigerian regions where a fast food industry might prosper. Therefore, if you're trying to start a business in Sokoto state, you should think about starting your fast food restaurant from scratch or purchasing a franchise from an established and prosperous fast food company.
10. Consignment Store: This is one industry that cannot just be eliminated. As a result, you might think about opening a consignment store. You must choose the products you will sell before you can begin this kind of business. It might include accessories like clothing, footwear, and electronics.
11. Online Media: One advantage of this kind of business concept is that you can reach customers anywhere in the world. If you have a knack for publishing and journalism, it will be simpler. However, even if you don't, you can put together a team for the business. Ad revenue is the norm. You should anticipate greater ad revenue the larger your audience. You ought to attempt to publish in Hausa as well, taking into account the region of your company.
Related: How to create outstanding marketing plans for your business.
12. Islamic Bookshop: It is crucial to stress that if you choose this option, you must make sure it is located in the state's largest city, where there are plenty of educated people. Make sure you choose books that are always highly valued by the public so that they will continue to visit your bookstore.
13. Hotel: You must establish this in a significant city that draws prominent corporate and political figures. If your hotel is deserving, you shouldn't have any issues with guests.
Related: How much do I need to start a business in Nigeria.
14. Printing Press: Although this is already being run by several persons in the state, there is always room for further investors. To be successful, you must, however, be well-versed in the industry before moving on. Typically, there are a variety of occasions where using a printing press is necessary, especially during an electioneering campaign.
15. Barbing Salon: Another business you can start if you have the skills and enough capital to get a shop and barbing equipment. If you are good at what you do, people will always patronize and refer to you.
16. Cattle Industry: There are numerous livestock markets throughout Nigeria, especially in the north, which includes Sokoto State. You can create a business in Sokoto State that focuses on raising goats, calves, and sheep and selling them to states in the South.
Related: 10 secrets to growing a business quickly.
17. Arabic School: Because Islam is the most popular religion in Sokoto, many parents want their kids to learn more about Arabic.
You can erect a sturdy structure where they would learn the importance of providing their kids with a suitable education in both Arabic and western subjects.
18. Private Hostels: Uthman Dan Fodio University and other colleges and universities in the state are located in Sokoto. Some of them don't have enough student housing. As a result, you can create and manage private dormitories for students.
19. Transportation Business: You can also start a transportation business in the state. You should ensure your vehicles commute passengers from Sokoto to other states in the country. If you do not have the means, you can start small and expand later. You can start with a taxi or Tricycle, for convenience and easy business.
20. Laundry: In Gusau, some working-class people lack the time to do their laundry. As a result, you can create a business to assist them in doing this, and they will gladly pay you for your services.
If you find something to start up from this list, please leave a comment. With SmartSMSSolutions you can get lots of information on how to successfully grow your business from scratch. Become a member for free and not miss out.