Make Your First Million in Nigeria With These 15 High-in-Demand Everyday Commodities

2 steps to make N10,000,000: (1) Find a commodity one million people need, and (2) sell it to them at N10 each. Simple!

Alright, alright. I admit it is a lot easier said than done, but you have to admit the simplicity of the plan.

Wealthy people have implemented this plan for ages. That is why they keep getting richer. I mean, Dangote can say what he likes about building a refinery; his name and wealth comes largely from selling everyday items to millions of people – sugar, cement, salt, name them. People just can’t do without these things and Dangote knows it.

You might not transform into a Dangote overnight but you can start on your way to riches if you identify some of the common items people use daily and figure out a way to give it to them.

I will list some of these items in this post – 15 of them. These items are highly sought after consumer goods. You can get in on the action by production or distribution. Any way you choose, there is huge potentials in these commodities because of the enormity of their demand among people.

So here goes…

Read this: 21 Business Ideas for Women and Work-at-Home Moms

15 High-in-Demand Everyday Commodities in Nigeria

1. Information

There are many things I want to list as number one on this list but information tops them all. You are reading this post because you need information. Knowledge is power, right? This blog exists because I know millions of young Nigerians need information to get out of poverty and become successful. I don’t sell this information but I still make money because I’m able to satisfy people’s appetite for information. The most expensive, high-in-demand commodity on the planet is information. So what information do you possess that people need?

2. LIQUID SOAP AND DETERGENTS

You would agree with me that soaps are an everyday item. Everybody in Nigeria uses soap. Whether it is in solid, liquid or powdered form, soaps have a high demand in every part of Nigeria. They are generally used for washing and for bathing. So if you are looking for a commodity that sells rapidly, soap is definitely one of such commodities.

3. POWER BANK

Power banks provide a means to extend battery life and charge phones while on the go. They come in different capacities and are very portable. Considering the epileptic nature of power supply in most part of the country, many people in Nigeria, particularly the youths, will look for an alternative source of power to charge their mobile phones. You may not produce power banks but you can order some cheaply from aliexpress or alibaba at cheap rates and resell them to people who need them.

4. HAIR EXTENSIONS

They say ‘never get in between a woman and her hair’. This list would be incomplete without hair extensions. Nigerian ladies love them and are prepared to spend a lot of money on them. Hair extensions and synthetic hair come in different styles and quality ranging from Peruvian hair to Brazilian hair, etc. Ladies love to look good and fashionable resulting in a high demand of hair extensions.

5. SHOES AND CLOTHING

Still on fashion, clothes and shoes are hot commodities in Nigeria. There are different clothes and shoes for men, women and children. Also different occasions will require different outfit. Most people in Nigeria have more than one pair of shoes and many changes of cloths. As the trend in fashion continues to evolve, cloths and shoes will continually be in high demand.

6. COOKING GAS

Cooking gas has become very popular in most Nigerian homes. It is considered more economical as compared to kerosene, coupled with the bad electricity supply in the country; people look for relatively cheaper and faster way of preparing their meals. Another advantage of using cooking gas is that the flames produce no smoke, therefore keeping cooking utensils clean and free from sooth stains commonly associated with using kerosene stove. Plus it is clean energy so the environment loves it.

7. Floor Tiles

Floor tiles are the current trend in most Nigerian houses. They are durable, more presentable and come in different styles and design. They are preferred to conventional cement floors. Most houses have upgraded their cement floors to tiled floors, even carpeting of floors have become old-fashioned. The demand of tiled floors in Nigeria is on a constant increase as new houses and government offices will rather opt for them.

8. WATER

Water is probably the most consumed commodity in Nigeria. It should have been first or second on this list but I never said the list was in any particular order 🙂

People need clean, fresh water for many things. A lot of people have made enormous wealth simply by providing people this very basic life necessity. You can still get in on the action.

9. Food

Many items classify as food and they are all very important for survival so I won’t dwell so much on this. Food is always good business whether in its raw, cooked or processed state.

10. COSMETICS AND MAKE-UP KITS

This is a hot cake for Nigerian women both young and old. Most women will not take a step out of the house without make-up. At least 9 out of 10 girls in Nigeria use make-up, leading to an increasing demand of the commodity.

11. COMPUTER AND PHONE ACCESSORIES

These include items like memory card, flash drives, headphones, modem, phone screens, external hard drives, the list is endless. These accessories are necessary to improve the satisfaction derived from your computers or phones. They will always be in high demand so long as people use phones and electronic gadgets.

12. BOOKS

They say Nigerians don’t read but those days are long gone. We read now and there is so much money in books. You can write them or distribute them or publish them. Books are a crucial part of information dissemination so they are always good business.

13. GENERATORS

There will always be a high and increasing demand for generators (at least until power supply improves) in Nigeria. Unfortunately, the supply of electricity in the country keeps decreasing and more people are beginning to opt for alternative source of power for their business and everyday activities.

14. BUILDING MATERIALS

A wide range of items fall under this umbrella. New buildings are constantly emerging as more people upgrade from tenants to house owners. Building materials such as blocks, cement, iron rods, aluminum roofs, shovels, head pans etc, are currently hot commodities in the Nigeria market.

15. CAR TRACKERS

The increase in cases of car theft has made Nigerians more security conscious. Car trackers are the latest technological inventions to help you keep track of your car. More people are beginning to demand for the device.

Well there you have it; 15 of the most highly demanded commodities in Nigeria – they are not the only ones but they are as good a place as any to start. I urge you to plan and research more into these commodities. They could hold the key to the riches you dream about. And if you supply an item to 1 million people at N10 each, you will make N10,000,000. Nothing could be simpler 🙂

Send in your comments to let me know your thoughts. And share this article to your friends who want to become millionaires.

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