10 Businesses To Start In Nigeria With Less Than N50,000

Money – Salary in Naira.

The current situation of the country has prompted many Nigerians to start their own business. Nigeria is a country not well managed by our government, but still people are becoming millionaires every day from their personal businesses. Most of the millionaires in Nigeria all started with small amount of money and today they are the big names all over Africa. You too can start something now and remember the journey of a thousand miles began with a step.

1. Popcorn Production Business

People buy snacks every now and then, and popcorn is one of the most selling snacks, because people eat it in their home, along the road, in their shops, vehicle and even in the cinema’s. Starting popcorn business doesn’t require a shop to get started, in most cases it only requires an exposed environment and busy location.

The requirements to start popcorn business are popcorn machine, kernel (corn), butter, groundnut oil, sugar, salt, flavor nylon, a busy road or market. You don’t need to rent a shop, you can partner with someone in his/her shop since you won’t be disturbing them or you can get an umbrella, clean up any free space in a busy area and start your business.

2. Phone Accessories Business

Phone accessories are phone stuffs like phone chargers, Ear piece, USB memory card etc. people have issues with their phone accessories every day mostly chargers. This business is very lucrative if you are in a busy location. Starting this business is not expensive, you can start this business with N20,000.

If you are ready for this business you can partner in shop with any body that sell phones, or even if you are in Lagos and close to computer village you can take any free space and arrange your phone accessories, there are millions of people going to computer village everyday.

3. Fast Food Business

I know you eat, and you know I also eat. But do you know it’s not all the time we feel like cooking or even have the time to? Even if you prepare your breakfast by yourself, how about lunch? Will you go with your cooking stuffs to the office? This is why restaurant and fast food joints will never run down.

You can set up a mini restaurant with N20k to N50k and start making money from it. You can even deliver to companies at break time to saving them the stress and time going out to look for food by bringing it to them at the office, they will so much appreciate you while you make your money.

4. Dry Cleaning Business

You can start this business right from your home with less than N50k. If you don’t have money then use your hand to do the washing and ironing. If you have enough money then you can get a washing machine and start doing it right in your home till you are able to raise cash for shop rent.

5. Fish Fingerlings Production Business

Have you seen catfish before? The baby of catfish is called fingerlings. If you are a person that like agricultural ventures such as farming, then you can venture into this business as it is very lucrative but it required some skills. There are places to acquire the skill in most cases it cost you nothing. The process of producing fingerlings is easy, the only important thing is getting buyers ready before production.

6. Recharge Card Distribution Business

Even without money you can start this business if you have a bulk seller that trust you. This business is the act of buying and distributing recharge cards from producers to retailers, you are the middle man here. You can start this business with less than N50k if you don’t have a recharge card producer that can give you to pay back after distributions.

7. Barbecue Business

This is another business you can start with small amount and be making some cool cash from daily. Some people like taking barbecue and some get for family and friends. The right place for this business is a front of a restaurant, Beer joints or a club. You can start the business with capital as low as N20,000.

8. Livestock Poultry Business

Agricultural produce are expensive in Nigeria because business men don’t invest in it. You can do poultry farming right in your backyard. You can buy a big cage that can contain up to 2 chickens, and in just 4 months you can start selling them for N3,000 each especially in festive seasons. With N40,000 you can start this business comfortably.

9. Ice Block Production Business

Nigeria’s electricity condition is getting worse everyday and people need cold drinks, water etc. You can be of help and make money with this. If you already have a freezer you can start producing ice block and sell to people who are selling drinks and water. The only important thing this business required is a freezer and a good generator with water.

10. Plantain Chips Business

You can start this business as a company by packaging it and putting label on it just like the ones you see in Lagos. If you do it the right way you will have retailers coming to buy from you every day to sell. You can start this business with less than N50,000.

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