Can 200,000 Naira Start A Good Business In Nigeria?

yes ov course an igbin and olu business you mean?

It’s all depends on what and who you know. I’m an entrentrepreneurs c.e.o of my small scale company, do not

despise your little beginning, it might look rough but at long you will find out that production is the best thing you

can thinks of, look for dally need that people use and how to produce them with marketing application. product like:-----

------TABLET SOAP- CANOE
------POMADE
-------TABLET SOAP- CANOE
-------DETTOL
-------STOVE THREAD
-------DISINFECTANT
-------BODY CREAM
------BLEACH    PRODUCTION
------HAIR CREAM
------liquid soap
I`m speaking from experience, this is what #200,000 can start and vest you good profit, you can start doing this .
if you want to seek advice let me know. E-mail: myproject2009@ymail.com, mammatny@yahoo.com. phone:08023734414

well 200k can start a biz but it will depend on kind of biz, where u r planning to set the biz (up north there lots cheap bizs like buying and selling of red beans i know its cheap in maiduguri and highly comsumed in the south) and who oversees the biz etc a word of advice dont let your gal manage the biz.

@ Fadekemi

The fastest profit making business you can invest N200,000 into is the bulk recharge card sale, you don't need a big shop,a kiosk or small space sharing with someone who already has a shop will do, you don't need electricity aswell. It sells fast, we all know how telecomm is making money in naija today, just try to locate a distributor and buy in bulk and you sell to the local retailers making calls by the road side, you might not be making profits more that N10, N20, N50 depending on the value of the recharge card, but's fast and constant. If you do this for just three months am sure you will still have your N200,000 intact and yet a fat profit. I know a lady in my area that does the same , she left her job as a factory worker supervisor and went into just road side recharge card selling and call centre, she said she buys N40,000 card daily and it's profitable. So if you can sell in bulk to people like her, you could even go the extra mile to deliver to them at their point of sale and at the same time you could also get a space by the roadside where you put someone you trust, to sell to consumers and also make phone calls while you sell to retailers. I bet your N200,000 will be more than enough to do this. In Nigeria today you need a stable income to meet your daily needs, if you invest in equity or stocks you might go hungry before it matures.


@sbucareer
I can advise you on how to invest your 10,000 pounds in IT biz in the UK, that money might sound big but when it gets to Naija you will then see there are lots of challenges here that might stop your biz from moving forward, you might run out of patience or be frustrated especially when you are not in the system. Please contact me @: quantum.resourcesinc@gmail.com