Some of the business I am going to list
here are common businesses that
people tends to neglect still they have all
the potential to make someone rich.
Starting a small business in Nigeria has
never been easy at any time considering
what you’d have to go through to raise
capital towards setting up any business.


Basically, it’s all about money money
money! No Bank in Nigeria is willing to
help small scale entrepreneurs and
Government seems to have plans only on
paper for the large number of jobless
citizens in the country.


Therefore, if you are contemplating any
business, you are on your own if you
don’t have enough money to finance it.
The worst part of it is that most
potentially profitable small businesses in
Nigeria need much amount of money to
get it started due government huddles
and their bureaucratic bottle necks. Most
times, the money required to start small
business in Nigeria is far much beyond
what average Nigerian entrepreneurs
can afford.



Have you ever conceived a business idea
so bright that it was just a matter of
getting it started and the money starts
rolling in, only to see the idea die
because no money to kick start the
business? That’s what 70 percent of
Nigeria Entrepreneurs experience on
regular basis.


Sometimes, the little money you have
can’t just be enough to start anything
reasonable no matter how hard you
tried. Because of these, many people are
finding it difficult to figure out any
business they can start with small
amount of money and make reasonable
profit.


This post will take the burdens off
you as I have taken time to come up
with lists of small businesses with good
ROI
Below are some of the best small
businesses in Nigeria that any aspiring
entrepreneur can start with N50,000 or
less and make substantial profit in no
time.


1. Plantain Chips Making – Move around
the street and you will see different
brands of Plantain chips on sale and it
sells very very fast. People like chewing
stuffs like plantain chips and there is no
end to it, so if you can engage in the
business of producing and supplying it
to retailers and hawkers, you will be
making good money on daily basis.

All what you needed are: Big Frying Pan
(N3,000) Small Sealing Machine
(N15,000) The Nylons and Labels
(N2,000) Other Utensils (N5,000) The rest
N30,000 goes into buying of Plantains
and logistics. Supply to the shops and to
hawkers and make regular money on
regular basis.



2. Tokunbo Shoes – I like quality leather
materials and that’s why until recently all
my shoes and bags are bought from
the tokunbo shoes and bag sellers. I
used to get some top class shoes for
about N3,000 by the roadsides back in
those days when I can’t really afford
high quality designer shoes that cost
N50,000 or more.

There are many people out there who
are just like me. Instead of patronizing
those fake China shoes and bags, they
prefer to buy high quality fairly used
ones which last longer and confer you
with more respect.

Get a nice place where you can be
displaying your goods such as in front of
shopping malls. Go to any fairly used
products market (Katangowa or Aswani
in Lagos) you may go to Seme Border or
Kotonou. Select quality fairly used shoes,
look for designs that are close to the
latest fashion. N40,000 can get you up to
40 pairs of shoes. Sometimes you make
profit of up to N3,000 from a single sell.



3. Used Books – You usually see them by
the roadsides and you’re wondering if
the sellers are making money from those
books on display? Try it and see! You will
be surprised at the profit margin, and
you will be amazed at the rate at which
Nigerians buy different kinds of books.

Follow the same process as with the
used shoes but you buy at different
markets. Used books are sold mainly in
importers warehouses, locate one and
go there to select nice used books,
Children books, Professional books, Hand
craft books, etc. These types of books
sells very fast with high profit margin.

N50,000 is more than enough for a
starter.



4. Office Supply – People who works in
the offices finds it difficult to go out to
the market to buy certain things like
Wrist Watches, Shirts, Ties, and Perfumes.

Help them do the shopping and charge
moderately, don’t be greedy like other
suppliers who buys fake things for
N1,000 and wants to sell for N10,000 in
the name of office supply. Some of them
even use to lie that they bought the
products from oversea (while in reality
they bought it from Idumota) just to sell
it at unacceptable price

If you are honest with your business and
charge reasonably, you may even get
huge supply contract form some of the
people you will meet in the offices.
N50,000 will do good in this type of
small business in Nigeria and you are
going to be glad at the brisk business
you will be making.



5. Road Side Foods Vending – If you are
the hard working type, this small
business in Nigeria may be for you. I’ve
seen people buy cars and build houses
from this business. It’s one of the few
businesses that guarantees steady flow
of income no matter the weather and no
matter the economic situation.

Specialize in cooking Jollof Rice and
Beans, Moi moi, Fried Plantain, Custards,
and Fried Eggs.

You will be come the
best friend of the people and the people
will be your friend! Look for a hot spot,
like the bus stop, near Motor and Okada
parks or busy shopping malls.

Thirty Thousand Naira (N30,000) will get
you all the utensils and small tables and
chairs. While N20,000 goes for food
items and settlements.

Please make it readable. Thanks

mynd44,lalasticlacla

Below

joepentwo:
Some of the business I am going to list
here are common businesses that
people tends to neglect still they have all
the potential to make someone rich.
Starting a small business in Nigeria has
never been easy at any time considering
what you’d have to go through to raise
capital towards setting up any business.


Basically, it’s all about money money
money! No Bank in Nigeria is willing to
help small scale entrepreneurs and
Government seems to have plans only on
paper for the large number of jobless
citizens in the country.


Therefore, if you are contemplating any
business, you are on your own if you
don’t have enough money to finance it.
The worst part of it is that most
potentially profitable small businesses in
Nigeria need much amount of money to
get it started due government huddles
and their bureaucratic bottle necks. Most
times, the money required to start small
business in Nigeria is far much beyond
what average Nigerian entrepreneurs
can afford.



Have you ever conceived a business idea
so bright that it was just a matter of
getting it started and the money starts
rolling in, only to see the idea die
because no money to kick start the
business? That’s what 70 percent of
Nigeria Entrepreneurs experience on
regular basis.


Sometimes, the little money you have
can’t just be enough to start anything
reasonable no matter how hard you
tried. Because of these, many people are
finding it difficult to figure out any
business they can start with small
amount of money and make reasonable
profit.


This post will take the burdens off
you as I have taken time to come up
with lists of small businesses with good
ROI
Below are some of the best small
businesses in Nigeria that any aspiring
entrepreneur can start with N50,000 or
less and make substantial profit in no
time.


1. Plantain Chips Making – Move around
the street and you will see different
brands of Plantain chips on sale and it
sells very very fast. People like chewing
stuffs like plantain chips and there is no
end to it, so if you can engage in the
business of producing and supplying it
to retailers and hawkers, you will be
making good money on daily basis.

All what you needed are: Big Frying Pan
(N3,000) Small Sealing Machine
(N15,000) The Nylons and Labels
(N2,000) Other Utensils (N5,000) The rest
N30,000 goes into buying of Plantains
and logistics. Supply to the shops and to
hawkers and make regular money on
regular basis.



2. Tokunbo Shoes – I like quality leather
materials and that’s why until recently all
my shoes and bags are bought from
the tokunbo shoes and bag sellers. I
used to get some top class shoes for
about N3,000 by the roadsides back in
those days when I can’t really afford
high quality designer shoes that cost
N50,000 or more.

There are many people out there who
are just like me. Instead of patronizing
those fake China shoes and bags, they
prefer to buy high quality fairly used
ones which last longer and confer you
with more respect.

Get a nice place where you can be
displaying your goods such as in front of
shopping malls. Go to any fairly used
products market (Katangowa or Aswani
in Lagos) you may go to Seme Border or
Kotonou. Select quality fairly used shoes,
look for designs that are close to the
latest fashion. N40,000 can get you up to
40 pairs of shoes. Sometimes you make
profit of up to N3,000 from a single sell.



3. Used Books – You usually see them by
the roadsides and you’re wondering if
the sellers are making money from those
books on display? Try it and see! You will
be surprised at the profit margin, and
you will be amazed at the rate at which
Nigerians buy different kinds of books.

Follow the same process as with the
used shoes but you buy at different
markets. Used books are sold mainly in
importers warehouses, locate one and
go there to select nice used books,
Children books, Professional books, Hand
craft books, etc. These types of books
sells very fast with high profit margin.

N50,000 is more than enough for a
starter.



4. Office Supply – People who works in
the offices finds it difficult to go out to
the market to buy certain things like
Wrist Watches, Shirts, Ties, and Perfumes.

Help them do the shopping and charge
moderately, don’t be greedy like other
suppliers who buys fake things for
N1,000 and wants to sell for N10,000 in
the name of office supply. Some of them
even use to lie that they bought the
products from oversea (while in reality
they bought it from Idumota) just to sell
it at unacceptable price

If you are honest with your business and
charge reasonably, you may even get
huge supply contract form some of the
people you will meet in the offices.
N50,000 will do good in this type of
small business in Nigeria and you are
going to be glad at the brisk business
you will be making.



5. Road Side Foods Vending – If you are
the hard working type, this small
business in Nigeria may be for you. I’ve
seen people buy cars and build houses
from this business. It’s one of the few
businesses that guarantees steady flow
of income no matter the weather and no
matter the economic situation.

Specialize in cooking Jollof Rice and
Beans, Moi moi, Fried Plantain, Custards,
and Fried Eggs.

You will be come the
best friend of the people and the people
will be your friend! Look for a hot spot,
like the bus stop, near Motor and Okada
parks or busy shopping malls.

Thirty Thousand Naira (N30,000) will get
you all the utensils and small tables and
chairs. While N20,000 goes for food
items and settlements.

Please where can I get an affordable Sealing machine for Plantain as you mentioned?

Chukazu:


Please where can I get an affordable Sealing machine for Plantain as you mentioned?

Check online and electronic shops.
Note : things have really change now

joepentwo:

Check online and electronic shops.
Note : things have really change now

can you please explain what you mean by things have change.

Mercurypanther:
can you please explain what you mean by things have change.

I mean the price won't be same as 2015