By Temidayo Aboderin
Ibadan, the capital of Oyo State, is not just a city of history and hills — it’s also a fertile ground for entrepreneurs. With its growing population, strategic location, affordable cost of living, and vibrant culture, Ibadan offers numerous business opportunities for those ready to explore and invest.
Here are seven businesses you can successfully run in Ibadan:
- Fashion and Tailoring
Ibadan is a fashion-forward city, and custom-made clothing is always in high demand. Whether you’re dealing in traditional wear like Aso Oke and Ankara or urban streetwear, fashion design, tailoring, and even ready-to-wear outlets thrive in areas like Dugbe, Challenge, Bodija, and Mokola.
- Food and Catering Services
From buka joints to modern restaurants, Ibadan has a strong food culture. Catering services for events like weddings, birthdays, and corporate functions are especially profitable. Areas like UI, Agbowo, and Ring Road see high demand for local and continental dishes.
- Real Estate and Property Rentals
With the city’s continuous expansion, real estate is booming. You can start small by managing rentals, becoming a property agent, or investing in short-let apartments, especially in developing areas like Akobo, Oluyole, and Apata.
- Agriculture and Food Processing
The outskirts of Ibadan offer vast farmland for poultry, fish farming, cassava, and maize. You can also venture into processing and packaging farm produce such as garri, yam flour, and palm oil, which are in high demand locally and for export.
- Transport and Logistics
With the influx of students, traders, and workers, transport businesses like intra-city cab services (Bolt, Uber), tricycles (keke), and delivery services are highly profitable. The demand for logistics also grows daily with the rise of e-commerce.
- Tech and ICT Services
Ibadan has a youthful population eager for digital solutions. You can run a successful tech business offering services like website design, phone and laptop repair, social media marketing, or tech training. The tech hub around UI and Bodija is a great starting point.
- Event Planning and Rentals
Ibadan is known for Owambe parties. Event planners, decorators, and rental services for chairs, canopies, and sound systems are always in business. This sector thrives year-round due to constant social events across the city.
Ibadan is a city of potential. With passion, strategy, and a bit of patience, entrepreneurs can build profitable ventures that cater to the city’s growing needs. Whether you’re a creative, a tech-savvy youth, or a seasoned investor, there’s a niche for you in Ibadan.
