Profitable Business to start in Nigeria with 100k, 200k, 300k, and 500k in Nigeria

Business in Nigeria to start with 100k

Building a business in Nigeria is no easy task. Getting funding to create a business in Nigeria is much more challenging than identifying a business to establish. In this post, we have designed realistic business ideas in Nigeria that you may begin with as little as 100k to 500k.

·       Paint production

Paint manufacturing is the manufacture of paint for different applications such as painting homes, offices, furniture, metal surfaces, etc. The need for paint is considerable, making the company profitable; you may start this business with as little as 100k.

·       Logistics

Logistics business entails planning, executing, and regulating the transportation and storage of products and services between sites of origin (factory) and consumption, which includes delivering, packing, warehousing, distributing, and data processing. With a reasonable amount of $100,000, you may create a courier business, buy a bike, find a brand needing a courier service, and offer to assist them with supplies while charging them tokens.

·       Food sales

The fast food and restaurant business is growing every day because people are willing to pay for good taste in food while avoiding the stress and time of cooking on their own. If you have good cooking prowess, all you need to do is look for a better location with working-class people who don't have time to cook but would gladly pay for good food, among other locations to target are schools, motor parks, construction sites.

·      Mobile accessory sales

With #100,000, you may begin purchasing and marketing mobile accessories on a considerable scale. Technology impacts this 21st century, from using phones to laptops and other gadgets. To enjoy these gadgets, you must use some accessories, including earpieces, chargers, etc. This Business is very lucrative anywhere you find yourself around the globe.

Perfume and cosmetics sales

With #100,000 to #150,000, you may also purchase perfume and cosmetics to resell for a profit. Nobody likes a terrible body smell and bad look l. You can solve this problem by selling good perfume and cosmetics. You can start this business and make your money from it.

Barbershop and hair salon.

You may also open a barbershop or a hair salon with #100,000 to #150,000. Women often have to make their hair, and men also have to get a haircut. So the demand for a barber and a hairdresser can never reduce. You can learn the required skill needed and set up a barber shop or hair salon

Mini importation

With #100,000, you may establish a small importation firm and earn handsomely. There are a lot of cheap products that can be imported from China. All you have to do is decide the kind of products you would like to market, get the required knowledge and start a mini-importation business.

 

POS business

with #100,000, you may open and operate a POS store, assisting customers with transactions while earning money.

Jewelry sales

You may start jewelry sales with an amount of  100-150k. This depends on the quality of the jewelry you would like to sell; jewelry includes earrings, bracelets, leg chains, and so on; this amount is enough to start a jewelry business and make your profits.

Business selling smoked fish.

You may begin smoking fish for sale. Smoked fish is one of the businesses that move in the markets. This is because it does not require another cooking procedure; you only need to rinse it and use it for cooking.

Tailoring or Fashion design

This is another business you can easily start with as little as 100k-150k. There will always be events for people to attend and clothes to sew. You can set up a tailoring business and make good sales if you’re good at your work.

Businesses to start with 200k-300k

There are a lot of businesses you can start with this amount range. Here are some below:

Bakery

You may start a small bread company with a reasonable amount of 200k naira. It is one of the fastest growing enterprises in Nigeria and a profitable one. One of the benefits of owning a bakery is that you are not confined to just one sort of service; you may manufacture pies, cakes, pastries, and so on. You might also choose to focus on a certain product.

Mobile phone sales

Each Nigerian has a smartphone in this modern day, and they use it for various things. The need for a mobile phone is constantly rising, with various applications ranging from pleasure to making and taking phone calls, going online, etc. Mobile phone manufacturers release new and improved models of phones often. A few people would buy it to keep up with the rends and other trends. With about $200k, you can launch this firm and make a tidy profit.

Business computer center

Offering services like internet registration, printing, photocopying, scanning, and other computer-related services is necessary to establish a computer business. You may establish a computer center, set up a Business in a prime location, sell your services, and be up and running with as little as 200k and as much as 1M Naira.

Grocery store

The nice thing about the grocery industry is that it can prosper wherever. Your company meets the demands of households and people that use products often. This would include toiletries, beverages, food, and other things.

The grocery business pays well with stability and strong customer service and ensures you have what has required anytime your clients ask. You may build a temporary or permanent food shop that can be relocated from one location to another. Your earnings from the grocery store may serve as financial returns.

Bookshop

Marketing books and associated products like stationery are included in this. When you reach the right audience, this firm operates more effectively. For instance, if you happen to be in an area with a high concentration of students, you may concentrate on offering academic books, videos, CDs, writing notes, etc. For your firm to succeed, you must have reliable suppliers.

Businesses to start with 400k-500k.

Here are businesses you can in Nigeria with 400k-500k:

Poultry farming

This relates to the breeding of birds and the sale and consumption of their byproducts. Nigeria is a nation that loves to celebrate. Additionally, chicken meat and eggs are necessary for the operations of hotels, fast food restaurants, corporate establishments, and restaurants. Prospects for poultry producers are increasing as these enterprises continue to grow.

Fishery

In Nigeria, catfish is consumed at an extremely high percentage. Observing the facts around us, catfish at various fast food establishments cost roughly N1500. Additionally, catfish farming poses less of a danger than chicken farming. The main things you’ll want are strong management abilities, money, experience, and knowledge. In approximately four months, you may begin to profit from this venture. You will require a fish pond, access to clean water, and a thriving breed of fish as basic utilities.

According to sources, since there is a greater demand than there is supply for fish, the federal government must import more to meet the need. This only demonstrates that you have access to the fish farming market. Before you start a company, be sure you understand all the details.

Rental of event equipment

Another lucrative industry in Nigeria is event rental. All you need to do is purchase the necessary equipment for which your money is required. These items, such as canopies, seats, and tables, may be contracted out. Most of the time, individuals who own the equipment are not the rental businesses themselves; instead, they use it to generate revenue. You may own both the rental Business and the equipment.

Although the owner of such equipment may not always be involved in Business, you may still profit from it by renting it to people who are. The equipment in this industry has a lengthy lifespan, which is a plus. Consider the aluminum used in the canopies as an example. The shades may be the only item that eventually must be replaced. Additionally, growth is possible; over time, you may increase and recoup your initial investment.

Services for dry cleaning

In cities, this company does much better. Many people work hectic jobs here and seldom have time to take care of their laundry by hand. They pay for these services to relieve themselves of this load. Dry cleaning is a company where you may start from home and move into a larger location. What are your business success tools? You cannot joke about cleanliness. Nobody will ever leave their garments with a filthy dry cleaner.

Rental of event equipment

Another lucrative industry in Nigeria is event rental. All you need to do is purchase the necessary equipment for which your money is required. These items, such as canopies, seats, and tables, may be contracted out. Most of the time, individuals who own the equipment are not the rental businesses themselves; instead, they use it to generate revenue. You may own both the rental Business and the equipment.

Although the owner of such equipment may not necessarily be involved in Business, you may still profit from it by renting it to people who are. The equipment in this industry has a lengthy lifespan, which is a plus. Consider the aluminum used in the canopies as an instance. The shades may be the only item that eventually must be replaced. Additionally, growth is possible; over time, you may increase and recoup your initial investment.

Conclusion

The scale of businesses you can start in Nigeria is determined by the amount of capital you have. We have some listed businesses with different amount ranges, so when you are ready to begin your journey, any of these businesses above is profitable.