Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,907,997 members, 7,012,512 topics. Date: Friday, 12 August 2022 at 01:16 AM

16 Businesses To Start In Nigeria With N50,000 Or Less - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / 16 Businesses To Start In Nigeria With N50,000 Or Less (149215 Views)

16 Businesses You Can Do At Home During This COVID-19 Period... Joshua Udom / 5 Businesses You Can Start With N50,000 In 2019 / Pay N50,000 Or Be Jailed If You Spray Money At Events In Nigeria - CBN (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)

16 Businesses To Start In Nigeria With N50,000 Or Less by Happyzone(m): 11:34am On Oct 10, 2017
On this article are list of lucrative profitable businesses to start in Nigeria with #20,000, #30,000 #40,000, #50,000 Naira and make good amount of money from, if done properly. According to informationhood research, this businesses are the profitable business one can venture into with the above mentioned amount and expect good income from.

Nigeria is a well strong economical country, just that it’s not been well manage by our government, but still people are becoming millionaires every day from their personal businesses. Most of the millionaires in Nigeria all started wirh small amount of money and today they are the big names all over africa. You too can start something now, remember they said a journey of a thousand miles began from a step.

To me i find personal business more comfortable and profitable, i don’t know why but i just like business. some Nigerians are still scared of own business but the fact remain that my set of people who want to set up something for their selves are more than those who want to work with someone till their old age. So if you are someone like me who love having his/her own business then this article is for you, just read on carefully as i show you some businesses you can start in Nigeria with 20k, 30k, 40k, and 50k Naira.

16 Profitable Businesses to Start in Nigeria with 20000, 30000, 40000, 50000 Naira

The current situation of the country has prompt many Nigerians to start their own business. Many people question is that what business can one start with this range amount? But my question is what can you do?.
Yes it all about what you can do, some people will finish reading this post and still can’t find any business they can start, so it all depend on what one can do to earn a living.
Business Ideas to Start With 40k 50k 60k 70k in Nigeria

1. Sale of bottled drink or bottled water
selling of bottle drinks and water is a lucrative business, because it every day consumption product, if you are in a very populated state or cities like Lagos then you can consider this business. You can start this business with 20,000 and less, all you need is get a space in a busy road, buy big cooler, an umbrella, ice block, a small signboard to write buy minerals and code water here. You can even include recharge card sales to it, the 20k is sure of covering both.

2. Popcorn Production Business
People buy snacks ever 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. Staring popcorn business doesn’t required a shop to get started, in most cases it only required an exposed environment. Popcorn business has no gender discrimination and if you get the right tools for popcorn, the business is totally stress free, also you can be making good amount of money daily if you are in a 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. In some cases you may be required to pay some token amount to the local government council to start your business there. It not more than 2k.
Small popcorn machine is 9k
Umbrella is 2k
bag of popcorn 5k
To prepare popcorn, take 3 tablespoons oil, ½ teaspoon salt, ½ cup popping corn, 3 tablespoons butter melted in a large, heavy-bottomed saucepan, add the oil, salt or sugar and popping corn. Turn the heat to medium, cover the pot with a lid left slightly ajar, and shake once or twice. The corn kernels will begin to pop within a minute or two. Once the popping slows to an almost stop, remove the pot from the heat. Transfer the popcorn to a large serving bowl and drizzle with melted butter, tossing well to combine. Add more butter or salt, if preferred.
You can carry out this as a practical at home before moving in to business, so you can get mastered to it very well.

3. Sales of CD/DVD’S Business
If you don’t like Nigeria movies i am sure you like American movies, how about India, Chinese and Philippines movies? uhumm. This is a money splitting business but some people thought there is nothing there. Do you know how much those movies you buy for 150 naira are been sold to the retailers? in case you don’t know, their counting price is 30 Naira each in Alaba market.
Now those guys sell these movies for 150 to us, definitely making 120 naira from every sales. let assume he where able to sell to 35 people daily, that is 120×35 = 4200 Naira. This is to say that guy you used to buy cd/dvd from is making N4300 Daily and N109,200 Naira monthly. Someone could how is it possible for him to sell 35 movies daily? Now let me explain to you how.
Do you know that those movies have season 1 season 2 season 3 even season 4? one particular person buy from 1 to 6 if it up to because no one want to watch half movie, this means one person can spend up to 1000 buying from season 1 to season 4. That the same person might see another interesting movie and decide to include it.
Now if the seller is in a very busy place he will have more than 20 customers daily and sell more than 50 cd’s daily.
Having a shop or just an open permanent space along a very busy road this business is good to go, your customers will always come to you for new interesting movies especially if you are kind to them. This is a very lucrative business and it doesn’t required a huge start up capital, with even 10,000 you can start this business.

4. Flashing/Downloading Of Music/Games To Phones Business
Do you have a laptop? Now it time to make good use of it. people want to have the latest music audio or video on their phones outside downloading, phones get infected with viruses every day, there is no way a virus infected phone owner would not want to flash the phone in other to work well again, this is where you comes in, you can do phone flashing, music and games downloading, and app downloading also together at the same time and this business doesn’t required a shop.
You can start this right in the front of your house by bringing our your table, chair and your laptop, get two speakers and connect them to your laptop, get a plain board and write ” Download Musics, Games, Bible, Quran, & Flash Your Phone Here”. Just watch how people will be waking you up in the morning with their phones. The business is always a moving train in no mater what location you are because phone are been used every where.
If you have not competitor in you location you can be charging 2,500 for just phone flashing and 500 Naira and more for games, music, bible and quran downloading. This business doesn’t require you to buy or resell anything, you are just making the money to yourself without buying any thing. If you don’t have a laptop then you can get one from our warehouse for as low as 19k – 40, our warehouse is located at No 09 Nigerian Army Shopping Arena, Bolade Bus Stop Oshodi.

5. Phones Sales Business
People buy phone every day and will still buy tomorrow and will still continue to buy, With 50000 you can start phone business in Lagos. There are Uk used untested android and blackberry phones they are selling in ladipo market at the rate of 500 naira each.
When you get home buy the battery yourself because they don’t come with battery, and test all of them, it will surprise you that they all going to work. I bought samsung galaxy s5 at 500 naira and am still enjoying it till today, a lot of people are begin me to sell it to them for 30k but i like the phone and don’t want to sell it. I also bought techno pad g9 which i use to update some time.
You can start this business right from the front of you home or at any busy road or even busy railway if you are in Lagos. Just get a table and a carton to arrange them on just as those guy in Ikeja does, and you can start your business, sell them for any amount you wish, but i advice you sell them at a cheap price also, so you can sell them quickly.
Those guys along the road in computer village sell their as untested also at the rate of 1,500 Naira, just for them to sell faster. You can also make yours cheap so you can sell faster in no mater your location but some could worth very good amount of money even more than 20k, so it better you sell according to their worth.

6. Phone AccessoriesBusiness
Phone accessories are phone stuffs like phone chargers, air pies, usb memory card etc. people have issues with their phone accesaries every day mostly chargers. This business is very lucrative if you are in a busy location. starting this business is not costly, you can start this business with 20,000 naira. You must have bought charger or ear pies before, this is to say people are buying it always due improper making of chargers this days, people run into one problem or the other with their chargers, and required them to get new, because they can’t throw their phone away.
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 your take to any free space and arrange your phone accessories, there are millions of people going to computer village every days.

7. Fast Food Business
I know you eat, and you know i also eat. But do you know it not all the time we feel like cooking or even have the time to? Even if you prepare your breakfast by yourself, how about launch? will you go with your cooking stuffs to the office? This is why restaurant and fast food joints will never runs down. You can set up a mini restaurant with 20k to 50k and start making money from it. You can even deliver to companies at the break time in 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.

8. Dry Cleaning Business
For me, i don’t like giving dry cleaners my cloths till the day i bought ADAGBA, oh my my, when it put it inside the water, i didn’t know where to start the washing from, i was confuse about it and just went to dry it, i thought i have escape the problem till i wanted to iron it, mehn it was not a good experience at all because i end up running with it to the nearest dry cleaner. when i get there i was having in mind that the dry cleaner will iron it for me so i go with it, to my surprise dry cleaner told me to come back next week for it that they have a lot of work at hand, that is how i open mouth but do i have any other choice?
Just last month they bought two buses from cotonou, and now delivering cloths to their clients, how amazing.
You can start this business right from your home with no capital to 50k. If you don’t have money then use you hand for the washing and iron them, i am sure you have an iron already. If you have money to invest, then you can get a washing machine and start doing it right in your home till you are able to raise cash for store rent.

9. Fish Fingerlings Production Business
Have you seen catfish before? the baby of catfish is called fingerlings. If you are a person that like agriculture such as farming, then you can venture into this business as it 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.
This business is lucrative, you can make up to 50,000 Naira in your first production that spend just 4,000 Naira on. fingerlings farming is very lucrative.

10. 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 50k if you don’t have a recharge card producer that can give you to supply and pay back after supply. You will need a bicycle for movement in other to be saving transportation cost.
Many generation to come this business will always remain lucrative, do you know why? Simple it because not every body have car or can even drive, transportation business has always fail to the best and fast money making business in Nigeria, and it still very lucrative and going to remain a lucrative business in no mater the generation to come. This business is the act of transporting people from one lactation to another, the fact remain that you can’t start this business with any of the amount listed on this post but it worth putting in back of your mind to venture into.

11. Shawama/Barbecue Business
This is another business you can start with small amount and be making some cool cash from daily, shawama is consumable daily. Some people like eating barbecue or shawama while drinking in bear parlor and also like buying for their family. The right place for this business is a front of bear parlor, or club.
You can start shawama or barbecue business with as low as 20k.

12. Live Stock Poultry Business
Agriculture product are expensive in Nigeria because business men don’t face 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 3,000 naira each specially in season of celebration. with 30000 you can start this business comfortably and there is no too much stress on it.

13. Mini Importation Business
Nigeria depend on importation, it a shucking thing that Nigeria import matches and tooth picks, but we can’t do without them so since we are not ready to produce them we have to keep importing this stuffs. There are so many items out there to import that will interest Nigerians. On interview with a Nigeria importer, he stated that importation business is lucrative and every Nigerian who know how to go about it is sure of bee a millionaire in nearest future.
According to him, he noted that importation business can be started with 20000 to 50000 naira and be sure of making 150000 Naira monthly, if importing the right products. You can start importation business while you are in Nigeria, Alaba is the answer, go on alibaba and search for a cheap item of $2 – $3 and import 10 pies of it. Hiding camera,s fancy phone cases, Bluetooth speakers and some other stuff like this are best for mini importation. You can meet with retailers to supply them in wholesale price when they arrived, or sell them online on olx, jumia, konga or jiji.

14. Plantain Chips Business
This is what I enjoy eating mostly when I am travelling, people eat this every day, it a chips that is commonly every where.You can start this business as a company by packaging it in advance way and putting label on it just as the once you see in lagos are. If doing it the right way you will get retailers coming to buy from you every day to sell. According to my research I find out that a dozen of those in lagos cost 6k. You can start producing your own and sell to those guys selling along express and people selli in shop. You can start this business with 50k

15. Ice Block Production Business
Nigeria electricity condition is getting worst every day and people need cold drinks water etc, you can be of help and make money with this. Iaf 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 Better generator with water.

16. Production Of Candle Business
I don’t know more about this but my research shows it a lucrative business that has no stress, and with 50k you can start this business comfortably. With erratic power supply in the country, there is no doubt that production of candlestick is still a money-spinner. A sizable group of Nigerians rely solely on candle to battle the erratic power supply. With #10,000 Naira you can have a candle mould, which produces 16 candle sticks at a time and go about 50 times a day translating into 800 per day. This is a situation when you are starting with #20,000 to #25,000 Naira.
According to research to produce 16 pieces of candle does not take more than 10 minutes, all you need to do melt the wax, put in your mould, in 5 minutes after, put in another wax, which you must have melted, while the previous one congeals and you go on and on.
the requirements to start this business are Wax #1,000 Naira, mold cost #30,000 Naira, Thread #1,000 Naira, Packaging Nylons N1,500 Naira, heat source N600 Naira, Bowl, Ceiling Machine N2,000 and logistics.
This are the profitable business to start with 20000 – 50000 naira in Nigeria

http://www.informationhood.com/businesses-start-nigeria-20000-30000-40000-50000-naira/

172 Likes 29 Shares

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Collins1906: 12:19pm On Oct 10, 2017
Nice and straight to the point. Thank you

26 Likes 4 Shares

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Somebodee(m): 1:53pm On Oct 10, 2017
What a beautiful write up.. Thanx OP

16 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by BreezyCB(m): 3:01pm On Oct 10, 2017
Wawuu

Selling of weed

38 Likes 2 Shares

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by IMASTEX: 3:02pm On Oct 10, 2017
Nice tips. "Just start with what is available and grow the business in time". That is why when I get asked: what will it cost to start a snail farm my simple answer is, it depends on the size you're looking at.

Let's help you be a snail farmer. Less capital, flexible and lucrative. See profile for details

2 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Ayo4251(m): 3:02pm On Oct 10, 2017
.
Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Nobody: 3:02pm On Oct 10, 2017
To start the business in the picture below cost even less lipsrsealed

20 Likes 1 Share

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by femijay8271(m): 3:03pm On Oct 10, 2017
I really love this

2 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by lilfreezy: 3:04pm On Oct 10, 2017
Nice writeup. But when I look around me and I see graduates doing these petty businesses to survive, i just weep for my country.

When is it ever going to get better cry

15 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by shumuel(m): 3:04pm On Oct 10, 2017
i dey come grin

17. Home and Beauty products: you can start making Liquid soap, Perfumes, shampoo, Lotion, body cream, facial creams for less than N50,000K, you can start making any one of this products with just N5000, even all kinds of Wall paints too, and all the chemical needed are available in Ojota market.

18. Garri Ijebu Business: we all love our most drinkable garri made from cassava, it is even most demanded in the UK and US, not only by Nigerians abroad but also by the foreigners. Do you know the bags of garri ijebu is very cheap in Ijebu or Abeokuta, Ogun state ? Run down to Ogun state and get it cheap, but you would need your N50,000K to start this business.

19. Smoke fish Exportation: Most Nigerians abroad, especially those in the Uk demands our local dishes a lot, and smoke fish(Ejakika) and (Ejashawa) are one of the most demanded by Nigerians abroad, 40 pieces of smoke fish goes for N2000-N5000, depending on the size.

6 Likes 2 Shares

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by thoollz: 3:04pm On Oct 10, 2017
For real?
I love this because of the drive u have, but let's b honest, some of them are not feasible, how will I buy a phone for 5h and not be scared that SARS won't come visiting someday.

15 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Hofbrauhaus(m): 3:05pm On Oct 10, 2017
Rubbish
Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Olalan(m): 3:05pm On Oct 10, 2017
Nice points OP, but truth be told in present day Nigeria 50,000 wouldn't really start up a profitable business. I always site the example of a barbing saloon, some years back with a clipper, chair, mirror and a small shop you could set up one with patronage, but you try such today and you'll be shocked no one will come where average saloon has a plasma TV, sterilizer, big mirrors etc.

24 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Nathdoug(m): 3:05pm On Oct 10, 2017
Th
Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Nobody: 3:06pm On Oct 10, 2017
Wat abt match making business undecided

2 Likes 1 Share

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by wonlasewonimi: 3:06pm On Oct 10, 2017
You don need any capital to start ashewo business.

2 Likes 1 Share

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by akphrat(m): 3:07pm On Oct 10, 2017
At least sense still dey d post

2 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by maxiuc(m): 3:07pm On Oct 10, 2017
How do I start the Mini importing

Anyone with an idea should help me out

2 Likes 1 Share

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by irepnaija4eva(m): 3:08pm On Oct 10, 2017
ShitHead:
I don read all the bullshiits you wrote. You should be arrested for Stupidity and Frustration. N50k in Nigeria? I go use am fork ashawo.


Smh

27 Likes 3 Shares

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by emmyw(m): 3:08pm On Oct 10, 2017
Can't Do Any
Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Lomprico2: 3:08pm On Oct 10, 2017
How much is the shawarma equipment sold?

Maaa hia! 50k ko!

2 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by MadCow1: 3:08pm On Oct 10, 2017
Recharge card business? That wan no certain failure. Less than 25% of suscribers still buy paper cards and that number keep going down daily all thanks to this new shortcode system of purchasing cards straight from your bank account.

Shawarma business for 50k is yet another lie. Between the grill and the press, you have already burnt 50k and you are yet to purchase the generator that can power both machines which require alot of power being hot machines.

500 Naira for a used Samsung Galaxy S5 is a fat lie. . Nuff said.

Ice Block business for 50k? You realise that an iPassMyNeighbour generator alone is 25kplus and that can't carry most deep freezers.. What about the freezers?



Nice ideas but your costing is way off the mark and out of touch with the realities on ground.

60 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Dearlord(m): 3:09pm On Oct 10, 2017
OP. No let me say u dey mad.

U should put the heading as "16 business that can require not more than 50.000# while living a parasitic live or attachments with a friend in an Urban Area.

3 Likes

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by emmyw(m): 3:09pm On Oct 10, 2017
ShitHead:
I don read all the bullshiits you wrote. You should be arrested for Stupidity and Frustration. N50k in Nigeria? I go use am fork ashawo.

29 Likes 1 Share

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Mrkumareze(m): 3:10pm On Oct 10, 2017
You forgot to mention shoemaker

1 Like

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Exoticdude(m): 3:10pm On Oct 10, 2017
Thank you. For more ideas, visit www.machoexotic..com, you'll thank me later.
Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by TrillionBrains(m): 3:10pm On Oct 10, 2017
Wow! Quite Amazing List you have there bro. Those are actually profitable great skills and businesses to start in a country like Nigeria considering the huge windfall of the Economy.

But mind you, there are individuals already in the business so it is never going to be an easy ride. Competitors are just everywhere in the Technolgy market.

Maybe you will have to check out these tech skills Employers are on the lookout for. A real help in a troubled time like this.

4 Shares

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by MykLANNY(m): 3:10pm On Oct 10, 2017
Smiles.. True for some not all..

1 Like

Re: 16 Businesses To Start In Nigeria With N50,000 Or Less by Chidonc(m): 3:10pm On Oct 10, 2017
ShitHead:
I don read all the bullshiits you wrote. You should be arrested for Stupidity and Frustration. N50k in Nigeria? I go use am fork ashawo.
even if na yansh of gold, e no wort 50k

11 Likes 1 Share

(1) (2) (3) (4) (5) (6) (7) (8) (Reply)

Merrybet Punt For Pride III / Access Bank To Shut Down 346 Banks Nationwide (List) / Shipping Goods From Usa To Nigeria - Which Is The Cheapest?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2022 Oluwaseun Osewa. All rights reserved. See How To Advertise. 265
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.