#EndSARS Protests: Is The World Watching? The business is highly lucrative. No. Nigeria is a developing country so there is always a lot of room for new businesses to grow and thrive there especially when the ideas are fresh and brilliant. You don’t need to have a shop before you can start. Laundry... How To Start A Film Production Company In Nigeria (Guide To Making & Selling Movies) Nigeria... YouTube Video Creation Ideas For Busy Moms Even though I’m a super busy mom like you,... HOW TO START A creche BUSINESS & DAYCARE CENTER IN NIGERIA (2020 New Update) Most cities... Home Business Ideas In Nigeria 2020 – Simple Businesses To Start With Low Capital [VIDEO]. Selling used cloths popularly known as (okirika) is a very good and profitable business in Nigeria. See How You Can Start Importing Today. Lucrative business in Nigeria with small capital Every successful company started small, which means everybody can repeat their achievements. Listed below is a round up of other notable lucrative businesses to start in Nigeria with small capital: Virtually all prominent businesses in Nigeria today started small. According to recent findings, Nigeria produces less than a quarter of the poultry needs (meat and egg) of Nigerians. However, this business is widely being used as a smokescreen (by scammers) to perpetrate fraudulent activities. 15+ Lucrative Business Ideas To Start In Nigeria Or Africa With Small Capital 1). A restaurant, as a term, might look too polish for a small chops setup. Nigerians are people who love to eat more homemade foods than the fast foods, unlike their foreign counterparts. All you need to do is to register with one of the global transport service providers, preferably Uber or Taxify. You may not believe, but the business opportunities in Nigeria … That are looking for people to manage their social accounts. You can set up your car business with attendants who wash the cars. Today, I will be introducing you to the top ten (10) highly lucrative or profitable small scale business anyone can start here in Nigeria. This is one of the most lucrative areas of Agriculture. 50 Successful Small Businesses in Nigeria with less capital startup PROFITABLE AGRICULTURAL BUSINESS. With the economic situation on ground in Nigeria, which is at its lowest, most Nigerian youths, especially graduates, are unemployed or at best, underemployed. Here are the most lucrative businesses in Nigeria: 1. Turning your blog into a lucrative business venture doesn’t require huge capital. But for you to succeed in any of the above-listed businesses, you need to have the right business strategy and ideology to starting a successful internet business in Nigeria . It is a type of business … Do you know that most car wash business owners are actually richer than their clients? It pays In most cities in Nigeria, people eat food out because of their busy time schedules and job. Nigeria can be a land of opportunities for people who seek these possibilities. And as a startup, if you are able to manage your business well, and maintain a sustained growth, you will get to where you want to be in no time. Becoming an SEO expert means learning an improved variety of Search Engine Optimization techniques to help improve a website search engine rank. Truth is, you can start this business with zero or small capital! Make money as a real estate agent in Nigeria in 2020, See How You can Set Up  Your Poultry Business And Get Started, Make 800K Monthly As a Snail Farmer in Nigeria. Coupled with the fact that most Nigerians prefer locally produced rice to imported ones, provided it well-processed. An average Uber driver in a city like Lagos earns up to 30,000 Naira per day, while spending in the range of 8000 Naira to 15,000 Naira on fuel and other miscellaneous. And there’s at least one bakery in every neighbourhood in the country. Food business is a very viable and lucrative business in Nigeria. A Country That Rehabilitates Terrorists But Shoot And Kill Peaceful Protesters. You can import goods from other countries at a very affordable price and resell here in Nigeria. There is no magic trick in this simple scheme! With the rate of unemployment in the country one can agree that starting up your own business is one of the best journey you can embark on, in this post we are going to talk about the 12 Most Lucrative Businesses in Nigeria with Small Capital. You can import products like shoes, towels, watches, clothes and so on in small quantity. The business ideas shared in this post have been tested and proven lucrative in the Nigerian market especially for small businesses. The chalk manufacturing business is very lucrative in Nigeria today because the market is large and the supplies are few. Commodity Brokerage:. Lucrative business in Nigeria with small capital is really possible. NOTE: The start-up capital for these businesses varies in price as they are not the same and never takes the same mode of business operation. It is the act of rearing domestic birds like chicken, turkeys for the purpose of selling their meat or eggs. Aside these, you also need a token to start up a mini importation and/or drop shipping business. This is one of the lucrative online business ideas in Nigeria. However, it is important to point out that, bread is not only product of a bakery business. Most people, especially working class individuals have little time to prepare food for themselves, and most times, they have no choice but to get their food from vendors. Informative post, this is. While there are millions of blogs on the internet, only a tiny fraction earns substantive sum of money from it. With the emergence of Uber and Taxify, you don’t need to be a … This is probably the coolest money making opportunity in Nigeria. You can start producing this snacks and go to areas like offices, business centers and make good money every day as people prefer to buy snacks to keep their mouth busy and stomach filled. Depending on your location, you can start a small chops/fast food outlet in Nigeria with a capital as low as 50,000 Naira. However, it requires a lot of patience, perseverance, time and efforts. Dropshipping is not the new buzzword in business; it’s actually a business model that’s very lucrative for the up and mobile business minded Nigerians. Quail Bird Farming. With time, when you’ve built a sizable client base, you can start importing in larger quantities. The secret to successful blogging is usually down to your capability to publish unique, quality, contents. The business ideas shared in this post have been tested and proven lucrative in the Nigerian market especially for small businesses. 12 Lucrative Business in Nigeria with Small Capital in 2020. Game centres Nevertheless, you can produce both products, provided you have the required capital and market. Your email address will not be published. This is offering outdoor services to wash and clean the interior and exterior parts of peoples cars. To get you going, you can sign up on AliExpress, which is one of the largest drop shipping platforms in the world. Although lots of people are already running such businesses but the demand is continuously increasing. The main product of interest – bread – is probably the fastest selling consumable good in Nigeria. With this, you get a daily or weekly commission on their earnings. According to Punch NG’s Tofarati Ige, below are the top 9 businesses you can start in 2017 with little or no capital. 6. Upon registration, you are now entitled to be a Norland distributor and shareholder of an America / Chinese multinational company. Everyone loves wearing clean cloths but not everyone enjoys the process of making those cloths clean and this is where you come in. Also, you can lease out your car to a licensed commercial driver. This is getting paid for supplying materials needed in offices. You don’t need to be a UAC or Leventis Food to engage in the plantain chip business in Nigeria. Mini importation is rather an unpopular business in Nigeria. On average, a car wash business outlet cleans about 50 cars (or more) in a day, earning between 150,000 to 200,000 Naira in the process. We Will Never Forget! As long as this trend continues, this business will continue to dominate. This is one profitable business that can bring in good returns on investment in Nigeria. 10 lucrative buisiness ideal with small capital in Nigeria May 6, 2020 OLUWASHOLA.G MAKE MONEY 148 The cost of starting a business in this era of the internet … Cakes are very cheap to purchase. Why A Revolution Will Never Happen In Nigeria, Four Personalities Who Inspired Nigeria This Year. This is basically the cost of acquiring an oven, flour and other relevant materials/equipment. Organising labour squads is a very lucrative business opportunity for any desperate entrepreneur who has no fund to start a business. This is a very good business and does not require much capital. Once you have a vehicle, you are good to go. This is one business that can never go extinct. Computer Training Centre. For beginners with the right skill set, but without a lot of capital and business experience, here is a list of business ideas in Nigeria, I mean a lucrative business in Nigeria. You just need to have a good number of engaging audience not ghost followers. Lucrative Businesses to Start in Nigeria with Small Capital in 2019 Bakery Business. Top Ten (10) most profitable Small Scale Businesses in Nigeria . Just keep reading, because am going to talk about every question you might have relating to starting a Business In Nigeria. To bridge this gap, a lot more poultry products need to produced. The list of lucrative businesses, which you can start with small capital is exhaustive. Depending the type of products you have interest in, starting up a mini importation or drop shipping business could cost you as low as 20,000 Naira. This an amazing opportunity people use to make money every day, you can register as a vendor in any of the online stores in Nigeria e.g Jumia, Konga and display your goods on their websites, if any of your goods are ordered their agent will deliver your goods to your customer and you will get paid it’s as easy as that. The catch is, you probably did not realize it is such a lucrative business in Nigeria. Here, i have decided to list the comprehensive and the top 20 most lucrative businesses in Nigeria you can invest your money and be sure of making millions back in no time after investing. And it requires only a small capital to start. I can assure that I am either presently doing one of these businesses … As long as man needs food, restaurant business will be ever-present! This business is one of the most lucrative small & medium scale businesses in Nigeria. If you have any business your doing (cloth sales, shoe sales, phone sales, provisions etc) register as a vendor in any of the online stores because most people in Nigeria prefer to buy things online and have their goods delivered at their doorstep without the stress of going to market or store to look for such goods, with Jumia and Konga they can easily find what they want and get it delivered to them, you can register today and make cool cash every day. A lot of Nigerians especially bachelors depend on food prepared at restaurants or fast food. A small-scale plantain chip enterprise with an initial investment of fifty thousand is … Most car wash businesses prefer to have reliable means of water supply, and the best way to get this (in Nigeria) is to construct a borehole, which costs an average of 300,000 Naira. It’s one of the very lucrative business in Nigeria with small capital. However, while there are innumerable lucrative business opportunities in Nigeria, most prospective business owners are being held back due to non-availability of funds or insufficient start-up capital. We have so many people who have private or business accounts on facebook, instagram, twitter etc. We have companies like Ali Express, Ali Baba that imports goods from China and these good are very affordable. In the case of plantain chips all you need is ripe or unripe plantains fry them and package in good nylons or labels. Fast Food Eatery But for you to succeed in any of the above-listed businesses, you need to have the right business strategy and ideology to starting a successful internet business in Nigeria . The simple truth is that Nigeria and to a large extend, the world, still depends on oil and gas. Things like rice, … This basically means any kind of commercial activity that happens online like blogging, drop shipping, affiliate marketing. Oil and gas is definitely king among the most lucrative businesses in Nigeria. Small agricultural businesses are the foremost flourishing little business in Federal Republic of... Business Services. I hope this 12 Lucrative Business in Nigeria with Small Capital helps you. You can get paid by displaying adverts for big companies on your page. And despite millions of tons of imported poultry products, our poultry need is still largely short of being met. How To Invest In Oil & Gas: Business Investment Opportunities In Nigerian Oil And Gas Sector In 2019, Distributorship Business Opportunities In Nigeria: Companies That Need Distributors In Nigeria. The two main factors to consider in setting up a car wash business are water supply and “washing centre”. You can start with one thousands chicks and have over two thousand chicks and over one thousand eggs to sell at the end of the first year. 8. It is a very lucrative business in Nigeria if followed and managed properly. Discover 10 profitable businesses you can start in Nigeria with as low as N20,000!! To set up a bakery, ensure you carry out a feasibility study, to determine the viability of your proposed business, as well as the scale of your target market, including how you can get to them. SEO business idea is lucrative in Nigeria because it can make you wealthy with little or small more start-up capital. One good thing about food business is you can start at any level, you don’t need to build a big restaurant or fast food before you can start your food business. You are eligible to start this lucrative business in Nigeria with small capital startup by registering with a small upfront investment which entitles you to an equivalent of Norland products registered with NAFDAC of your choice.. The dry cleaning business is one of the most rapidly growing businesses in the country. 50 to be exact. Therefore, this article seeks to eliminate this barrier, by outlining some highly lucrative businesses, which you can easily start with small capital in Nigeria. More often than not, all you need is an internet-enabled mobile device or computer system, as well as an online payment service like PayPal, Payoneer and the likes. The cake production is a profitable business in Nigeria that requires small capital. This has nothing to do with tourism boom of any kind; there is just something in Nigerians system that make this business very lucrative – Nigerians are jolly people! Cake is the most consumed baked snacks in Nigeria, The demand for cakes especially at Birthdays, Wedding, Events and Anniversaries is very high. This is a very good way of using your social media accounts to make cool money. Hence, you can start as a small chops or fast food outlet. 12 Lucrative business in Nigeria with Small Capital. Required fields are marked *. If you’re planning on doing it on a small scale all you need is to tell your friends and people in your neighbourhood about it and relax as you get paid washing, drying and ironing their cloths. Football Viewing Centre Starting up a commercial rice farm is the most capital intensive business on this list. Some of the best small businesses in Nigeria are mentioned below: 20 Profitable Small Business Ideas in Nigeria with Low Capital. Catering Services (Indoor and Outdoor) Mobile food Vending. The bulk of these business services are a compilation of … Rental Services. Save my name, email, and website in this browser for the next time I comment. This business is one of the most lucrative small & medium scale businesses in Nigeria. Nollywood has become a source of profit for both actors and film producers. That is, if you have a steady supply of pipe borne or borehole water in the area, you don’t need to spend big on water supply; otherwise, water supply is the most important factor. 8. Also, make sure you draw out a concise business plan. You can start making snacks like meat pie, buns, plantain chips, chin chin and start selling or distributing to customers in major streets. The dry cleaning service is perhaps one of the easiest businesses to start-up in... 2). Hence, watch your step, and be mindful of who you do business with. Raw Food Stuff Business. You can also buy from these companies and resell at your own price and make profit. This is one more profitable small scale business. Food Restaurant business -Food restaurant is one fast growing business in Nigeria. Most people that work in the office often feel lazy or reluctant to go out to buy materials needed in the office, you can start supplying materials they need like pen, paper, stationery, pin, carbon paper, stapler and so on and get paid, this business does not require a lot of money and anybody can engage in it. And, with proper management, you can steadily grow your small setup into a restaurant. Therefore, you just need to start your business and work hard to make some profit. The commodity brokerage … See How You can Set Up  Your Poultry Business And Get Started. And it is also important to bear in mind that only a few privileged bloggers can make it big in the business like Linda Ikeji. Blogging is arguably the most popular online business in the world today. You can actually start with capital as low as N10k and make a … See also: Make Money Online Without Paying Anything To Start It is always nice to come across a post that is useful. Lucrative Businesses To Start In Nigeria With Small Capital in 2019 And Beyond. Laundry & Dry Cleaning Service:. SALES & DISTRIBUTION BUSINESS. Hence, with the required culinary skill, you can offer your service to the needy. Chalk is used by government and private schools, Universities, Polytechnics, Colleges of Education, Colleges of Agriculture, Schools of Nursing etc. Depending on the location of your washing centre, the former (water supply) can be overlooked. So, either you need to know about lucrative Business In Nigeria with small capital, fastest growing Business In Nigeria or hot business ideas in Nigeria. To make it easier for you, we have analyzed 100 hot small scale businesses guaranteed to bring you huge profit in Nigeria. Most people in Nigeria prefer to buy used cloths than buy new ones especially due to the cost of buying new ones at boutiques. This article is a business guide, designed to get you enlightened on the various lucrative businesses to start in Nigeria with small capital. The researches say that the time of economic crisis is the best time to start a business. If YES, here are 50 best small business ideas in Lagos you can start with low capital. Sales of Okrika wears is a lucrative business idea in Nigeria with small capital. Required fields are marked *. Gathering a few bucks from this business will sure set you for life. Even the GSM companies attest to the fact that Nigeria is a Goldmine when it comes to Telecoms business. All things being equal, and depending on your proposed production scale, you can set up a bakery business in Nigeria with as low as 200,000 Naira. The starting capital to get the equipments is the basic cash you may need to spend, unless you want to service them of course, or need fuel for cases of power outage. You can get paid weekly or monthly by offering these services provided you have a phone, internet access and time. Dry Cleaning Business. Top Lucrative Business in Nigeria with Small Capital Agricultural Business. Your email address will not be published. You can also produce these snacks in very large quantities and distribute to retailers and hawkers and get paid. This is a good and lucrative business in Nigeria if you set it up in a good location that has low competition. The cost of starting this business all depends on how you want to get started. Computer Repair and Accessories Sales. The possibility of making it in any business venture in Nigeria is very vast provided you are dedicated and do the necessary homework of that business. 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