Florence Uwaeme
Port Harcourt, the capital of Rivers State is unquestionably a hotspot for top investors in oil and gas around the world. Being the geographical centre of Nigeria’s oil and gas affairs, its districts present a lucrative attraction for different entrepreneurs.
The capital city of Nigeria’s oil industry, the state is besotting with its swampy terrains, with a population of about 5, 000 000 and GNA per capital of $2000.
It is ranked favourably for startups. Though the competition is tough due to its proximity to Aba, it presents its own uniqueness in terms of business orientation and patronage. One thing is clear though: PH residents have great tastes. Satisfying it will tattoo your name on their taste buds.
It is not your typical civil servant environment. You have politicians, Lawyers, expatriates, oil and gas executives, students and form of industrialists walking its streets.
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If you are an investor looking for where to create a niche; a rewarding one you will be proud of, Port Harcourt is your home.
The opportunities are vast, for those who are ready to swim in the swamp of its richness.
Hotels and vacation suites.
The hospitality industry in the oil city is a money-spinner. Port Harcourt receives millions of visitors due to its oil and gas capital.
In 2018, Nigeria generated over $1.5 billion from the tourism sector and Port Harcourt took a better share of that amount.
The city has several hotels, lodges and vacation suites ranging from 5 to 4-star ratings. It is an ideal location for anybody looking to invest in Nigeria’s hospitality industry.
Schools
There is a knack for quality education in the oil city. Owning a school is a huge investment that one can consider venturing in the city. But it has to be of standard. Residents love things of high taste. Once the standard is good, you have yourself great, dependable customers.
Law firm
The legal business is a huge business in the oil city. Yes, after politics, oil and gas, comes the legal business with arrays of clients looking for so many legal solutions.
If you know your onions in the legal business; be it marine law, election litigations and property laws, you sure will smile to the bank sooner than later.
Security and Installation services
Being the capital city and home of many of the country’s politicians and oil and gas moguls, the demand for security installations and appliances is high in Port Harcourt. From dealing in 24-hour CCTVs to providing security personnel and heavy-duty alarm systems, you can set up a lucrative business in Abuja.
The high demand is not so much as indication of high crime, but the need to establish protection over its legislative and judiciary officers.
Restaurants and Night Clubs
Port Harcourt is one of Nigeria’s vacation cities. The home of Bole Festival and so many other food festivals. Its unique atmosphere provides several fleshpots for hedonists alike. There is a rich market for diners, restaurants, nightclubs and bars.
Real Estate
The truth that some people have failed to accept is that Port Harcourt has housing crises and is a fertile ground and provides several opportunities for real estate investors. From student hostels to residential homes and office spaces, the market is suffering from a huge demand. Investors with smart solutions to real estate issues would reap bountifully. It is a rewarding industry.
Brand Management/PR Services
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As the capital of Niger Delta, Port Harcourt is the centre of companies. These companies need to put out press releases, conferences and announcements, making the city a coveted place for lucrative contracts. Though it needs one understanding the nitty-gritty of the environment, PR managers will cash to the bank if they have the requisite experience.
Financial Services
Running a financial consulting firm in the oil city is a good way to earn your pay. There is a shortage of them and the demand is high. It is a sure way to smile to the bank.
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