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In this article, I will show you about different small businesses in Nigeria with low capital in this lesson. There are different businesses that as little as 500,000, you can lift off the ground.
A range of these enterprise opportunities are suitable for jobless or unemployed those who can source up to N500,000 to start a business in the backyard.
Do you want to know what type of business venture you can start with #50,000 or #500,000 or what business to start with 500k in Nigeria as I was asked a question in my other blog? Then here is a list of them you can start with according to your choice that fit you:
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1. Canteen Business:
One of top lucrative businesses you can start with little money is canteen business. You can start with N5000 or N10, 000 if you want to do Night Canteen business in your stall or if you want to do as a public canteen hawker or do canteen as a wheel walker.
2. Plantain Business:
There are two optional things you can start with less than N20, 000. The first option is that you can buy bunches of fresh plantain cheap in the village and resell it in your community as a hawker or in your stall/shop.
The second is that you can market and distribute packets of plantain chips you produced and become a money spinner. What you need is to get equipments such as frying pan, plantain cutter, etc. People love snacks.
3. Toiletries and beverage Business:
People can not do it without toiletries. They need it to keep their body, clothes and kitchen clean daily. It is hot. And also they need beverages to keep them pleasure or for fun daily. So you can start with N50, 000 or less than N50, 000 and grow big beyond your expectation.
4. Mobile Phone Accessories Business:
You can start with as little as N10, 000 or N20, 000 by buying either offline or online like power bank, etc and sell for 300 per cent profit.
Visit Aliexpress suppliers for mobile phone accessories by typing that phrase word in the Aliexpress search and they will ship you goods free of charge if you buy what you look for. Please find what type of mobile phone accessories you want to buy for business by typing a word in the Aliexress search at the top above.
5. Haulage Business:
I think you may not be able to afford to start because it requires large start-up capital. It is only for capitalists. But you can start with N20, 000 or N50, 000 by obtaining hired contacts from people you advertised and make money with it.
6. Frozen Food Business:
You can trade parts of frozen foods in pack including other crates of eggs and magnums of local vegetable oil starting with as little as N20,000 in your stall if you don’t have enough money to buy deep freezer, KV2 generator and rent shop.
You can make money daily selling N5, N10 and or N20 sweets including N5 sachets of pure water to pupils and secondary students outside or near the school premises starting with N5, 000 or N10, 000.
Selling your shoeshine service to people on Fridays, Saturdays and Sundays including cobbling service at the conspicuous junctions is such a money spinner.The start-up capital for this business is just N500 or N1000. You just buy shoe brush and a Kiwi polishes including other one and make money with it.
9. Bookshop :
There are two business options you can start with less or more capital. The first option is that you can start with N5000 or N10, 000 by buying a few inspirational books from big bookshop at wholesales and resell it at retail as a wheel stand at the conspicuous junctions.
The second is that you can start with N50k up to N60k if you want to start small or N150 or N200k if you want to start big by renting a shop/warehouse, buying a few cartons of inspirational books at distributing price in Kaduna and Lagos and sell it wholesaling and retailing.
10. Mini-kerosene Sales:
Kerosene business is not only a very lucrative business, but also is a very volatile business in which you need to watch the market well.
If you want to go into venture business, you can start mini business with N10, 000, N25, 000 or N50, 000, depending on kind of materials you want to buy for example, a few 25-litre jerry cans, hoses, funnels, litres of kerosene and measuring cans.
Or if you want to start big, you can start with with N150, 000 or N200, 000, replying on your financial strength by buying materials such as a storage tank, drums, steel cans for measurements, etc. You can buy litres of kerosene cheap from either sales representatives or NNPC.
There you have it, 10 Amazing Business To Start In Nigeria with little capital this 2020. Let me know which one you think you can start this year, and don’t forget to share this content with families and friends.