Businesses to do with N100, 000 naira or less than 100K

Do you need business ideas you can start with one hundred thousand naira (N100, 000), N80000 naira, N60000, N50000, N40000, N20000, or even ten thousand naira (N10000)? Are you looking for small business that you can invest less money and make big profit in Nigeria? There are such businesses and investment Opportunities in Nigeria and Africa in General that requires such less capital.

Across the world, people are looking for small business they can do to meet up with their daily growing spending. With the world’s fast rising rate of unemployment, it has become paramount that every unemployed youth starts a business no matter how small the business might be at the starting point.

According to McKinsey’s report in this year’s World Economic Forum held in Davos in which youth unemployment took centre stage; the report carries it that youth unemployment is growing in uncomfortable proportion. In India, which has one of the largest populations of young people in the world, 75 million youth are unemployed and more than 1 million people are added to the workforce each day. In Saudi Arabia, 70 per cent of the population is under the age of 30 and they are not finding jobs.
In Nigeria, youth unemployment is as high as 50%. The number keeps increasing in geometric sequence. 75 per cent of university professors believe they are adequately preparing their students for the workforce. Conversely, only 40 per cent of employers take the same view.

In most cases, it is not that those unemployed are not willing to start a business but their problem lies on finding the best business ideas to do with little capital they have at hand or were able to raise.  So, if you are one of those that have little money like one hundred   thousand naira (N100000), eight thousand naira (N80000), sixty thousand naira (N60000), fifty thousand naira (N50000), forty thousand naira (N40000), twenty thousand naira (N20000), even ten thousand naira (N10000) and the zeal to do business is in you; I have below a list of businesses you can start with such amount of money (N10, 000 –N100, 000 naira). Even if you don’t want to kick start immediately, you can prepare yourself to begin any of these businesses in 2017 or in the year to come. However, be aware that delay is dangerous; the earlier the better.

What do you require to succeed in any of the business?
• Your best brain
• Right mindset
• Passion
• Dedication
• Skills where necessary

Why will these less capital businesses thrive well in Africa especially Nigeria?
Yes! Businesses started in a populous continent like Africa is bound to thrive very well. Africa is one of populated continent in the world with a 38 percent urban population, India (30 percent) and nearly as China (45 percent). 52 African cities have a population of more than one million people.

Nigeria is Africa’s largest country by population. Lagos state alone record 17.5 million in population according to Lagos state government but latest report estimates the population at 21,642,797, making Lagos largest city in Africa and the seventh fastest growing city in the world. Kano as estimated by the Kano state government records 3,626,068 in population. Ibadan has a total population of 3,500,000 as of 2015; Abuja 3,000,000; Port-Harcourt 1,947,000 and so on. So with this high population in Nigerian cities and rural areas, businesses are bound to do very well if other things being equal.

Updated 2017: the figures  above are 2016 statistics

Let’s explore these business ideas and see if it’s something you would want to give a try…

Wait a bit! I want you to consider reading this;

You’ve read them, right! Let us proceed.

I conducted an extensive research on different businesses and have come up with these couple of businesses you can start up with a range of capital of Ten Thousand Naira to one hundred thousand naira (N10, 000 – N100, 000). You can start these Businesses with One Hundred thousand naira (N100, 000) or less than one thousand naira depending on how big you wish to begin.

25 different types of Businesses to Start up with one Hundred thousand (N100000) to less than hundred thousand naira

Here are the businesses that I’m telling you that you can do with one hundred thousand naira or less than hundred thousand naira;

1. Beer parlour/Beer bar business-Beer Parlour business is requires less capital start up. One hundred thousand naira will be enough to start a beer parlour business. Beer bars/parlours have become the top recreation destination for single and married couple, business people and the tourists. To draw huge customers and make more profit in your Beer Bars business, a full restaurant is smoke option and chilled beers which are served with snacks, fried snail, beef popularly called suya, chicken barbecue and fish pepper soup are added. With huge popularity of football fans in Nigeria and many other parts of Africa, if you add big-size TV to display football game, more customers of different classes of people will be attracted to the beer bars. Sometimes, especially weekends you can hire live bands to provide entertainment
A good location in a densely populated and accessible part of town with a competitive price and excellent customer service is essential to the success of this business.

2. Mini Importation business-Importation business is a very lucrative business and easy to start with as little as N10, 000 plus. Usually, you make profit on every sale and then keep increasing the business. However, to succeed in this business; you have to learn the dons and don’ts of the business. The internet has made everything easier to access. You can sit down at the comfort of your room and order for any product you want to sale.

3. Restaurant business-Most single young ladies and men of these days prefer eating at well decent restaurant where delicious food is being served. Restaurant business is a flourishing business especially in most cities like Lagos, Onitsha, Abuja, Port Harcourt, Aba, etc where people are highly busy that never find time to cook by themselves. The business is not capital intensive. With N70000 you can do this business. The two most important things necessary to succeed in this business are ability cook nicely and neatness.

PROFITABLE PRODUCTION BUSINESS-one of the high paying business you can start in your locality is production business. One good thing about production business is that you can fix and control the market price for the goods or product you produce rather than totally being control by market forces of demand and supply. Usually, most production businesses are capital intensive because costly machines employed in production. Starting production business can cost one as high as N300000, N500000, N1000000, and N200000+ depending on product you intend producing. However, you can still start some production business with capital as low as N100, 000.

Here are production businesses that you start with One hundred thousand naira or so;

4. Perfume and liquid soap production-This business requires basic chemistry knowledge. With a capital of less than N80000 naira, you can start perfume and liquid soap production. For your liquid soap production, your first target market should be restaurant, hotel, fast food joints, beer parlours and catering centres. For the perfume production, you first target market should be high class professionals like bankers, lecturers, marketers, teachers and other service professional

5. Fresh fruit juice production-The business sells most in highly populated cites like lagos, Port Harcourt, Abuja, Aba, Kano etc.

PROFITABLE PRODUCTION AGRICULTURAL BUSINESS– These Agricultural businesses can be started as a sole-proprietor business and then grown into a full blown Limited Liability Company. Here are agricultural business that you can start with capital as low as N100000;

6. Garri processing business
7. Palm oil milling and processing business
8. Rice milling

9. Small scale fish fingerling-Fish Fingerling is easy to start especially where there is availability of water supply. With the sum of N90, 000 to N80, 000 one can set up a small scale fish fingerling. In this business, you can be making over 100% returns but it requires care and monitory. Good water ph and climate conditions are necessary for the success of this business.

10. Snail farming-Snail farming is not difficult to start and you don’t need up to N100, 000 Naira to start this business. With 50K to 80K, you can start snail farming in your locality. Snail is very expensive in the restaurants and hotels where they serve. So, after you finish rearing set of snail, you can always take them to restaurants and hotels for sale. Snail is a hot market and a market for high class people.

11. Boiler poultry farming-This is one of the easiest businesses to start with little money. With N20, 000+ you can do this business. The business does not does not require skill. The major thing you needed in this business is availability of space and water supply. Day old chicken (boiler) may cost N150/each, so you can with 50 chickens which cost a total of N7500. In less than 9 weeks, you can start selling these birds at the rate of N1800 to N2000 naira per each. However, bear in mind that this business is seasonal although it is not totally seasonal.

12. Dog breeding-In certain northern part of Nigeria like JOS and southern part of the Nigeria, dog breeding business is thriving very well. Some people breed the dogs for meat (popularly called 404) and others for pet purposes. The business is a lucrative one. With seventy thousand naira (N70, 000), you can buy a female English dog and breed. When the dog delivers, it can give birth to seven…eight puppies which you can sell at the rate of seventy thousand naira each. The major cost you will incur in this business is in feeding of the dog. You have to be dog friendly for you to be able to do this business.

13. Small scale piggery farming-Piggery farming is one the oldest lucrative business. Some people in the northern part of Nigeria, especially those with cold weather consume pork meat so much. You can start piggery farming with N60000+ and sometimes you need to employ an assistant.

14. Mobile phone accessories business-Mobile phones accessories business is lucrative business. We have millions of GSM users. Mobile phones like Nokia product, Samsung product, Sony Ericsson product, Blackberry, Techno, and other smart phones; their repair parts and accessories are readily available in the market. A total capital of $ 120 (N20000) will be enough to start the business in a small scale however if you are to start the business in more large scale, the cost of starting may increase.

15. Computer repair business-skills on computer hardware repair and software troubleshooting are required in this business. You can easily acquire this skill or knowledge by attaching yourself to an experience computer hardware and software repair expert before you starting your own computer repair business. Usually, starting this business will not cost you up to N80000 and you can make big time when you become so popular.

16. Mini Business centre-mini Business centre is a highly lucrative business especially when cited in within tertiary institutions like universities, polytechnics and colleges or around these institutions. A set of desktop computer at the cost of N25000, one three in one photocopying machine (Scanning, printing and photocopying machine) at cost of N60000, tables and chairs are enough to start this business. Snacks with soft drinks and few provisions are added to make it business, a mini business centre. So, a total amount of one hundred thousand naira is enough to start this business.

17. Beads shop and making business
18. Video centre, music and film copyright/ renting business
19. Sales of ladies handbags, Jewelleries, wrist watches and perfumes
20. Sales of babies wear

Profitable internet business– the one of the less expensive business to start today anywhere is internet business. You can most internet business with capital less than N100, 000. However, starting any internet business requires that you have the basic knowledge of the internet. Again, it also requires that you grounded in the aspect of the internet business you intended starting. Here are some internet businesses you can do with N50, 000+;

21. Internet course training
22. Affiliate marketing
23. Internet marketing business
24. Blogging business
25. Website development and Consultation

I have written article on top 10 part time online businesses; these are all internet based Businesses. Many of the businesses there require less capital start up as low as N10000. You can chose from that list of internet businesses to start today.

I wish you all the best of luck as you set to start up any of the above businesses that requires one hundred thousand naira N100, 000 or less than 100K.

123 thoughts on “Businesses to do with N100, 000 naira or less than 100K”

  1. I read your post with keen interest, yes, its really attainable to start all the businesses you mentioned with less than N100,000. But then u discovered that the N100,000 would be your capital, there is a day-to-day expense incurred in whatever business one may want to get in to, hence there is need to have some more cash to keep the business running especially in the early stages. Did you mention in your analysis that Abuja is more populated than Port-Harcourt? I’m shocked!

    1. You’re right, Raphael. Although in some of the businesses above, one hundred thousand naira (N100, 000) would be able to start the business and also cater for the early expenses in running the business.
      I know this might shock many people; Abuja is more populated than PH, the figures are out there.

      1. Hello Aderinsola,
        1. Search for those who are already in the poultry business around your locality.
        2. Get information from them concerning their challenges and strength in the business.
        3. Read more about poultry business from internet and agricultural business textbooks.
        4. Go for a market survey.
        5. Rent a Space if you don’t have one.
        6. Seek the advice of a Veterinary doctor.
        7. Kick start the business by either buying a day-old chicken or 2-weeks breed chicken.
        You can start with either Layers or Boilers depending on your capital and the available space.

    2. It is impossible to start a beer parlour business with 100k. Is that one for the shop rent, to buy chairs and table, to buy fridge, generator, tumblers, fan, flat screen TV or for what? Fear God o.

      1. Hello Papilo,
        we presumed that you have things like space or shop, chairs and table, fridge, generator, tumblers, fan, flat screen TV. The 100k is for buying beer, preparing things like pepper soup, and other eat-able.

  2. AM INTERESTED IN THAT MINI IMPORTATION. HOW DO I GO ABOUT IT? I ALSO NEED YOUR HELP IN TERMS OF YOUR ADVICE. CAN YOU PLEASE SEND ME A MESSAGE TO MY BOX OR SEND YOUR PHONE NUMBER TO ME TO GET IN TOUCH WITH YOU. THANKS

    1. Hello Susan,
      Maybe that would a topic of another day. Sure, I will definitely give details of what is currently obtain if you intend going into mini importation business.

  3. Good write-up i must say but if one is to go into the mini business centre there are some things that should also be considered; the cost of where you going to use (i am in Abuja), it will definitely be a side business for me because i work in an organisation from 8am-4pm so means i will need to employ someone i can trust to be in charge during those hours. In that case we are already talking above 100,000 here.

  4. Very interesting and educative but with regard to the records of kano population You cited that is wrong because kano has over ten million inhabitants if not even more populous than Lagos.

    1. Mustapha you are right. I don’t think Emma had ever visited Kano before now. Lets do some little Arithmetic and take a place called Brigade (in Fagge local govt council) that coprises kwana jaba Ahmadiya,Kwana hudu,Tudun wada,Layin Famfo to name few can at least have a population of over 3million inhabitants. Even the Igbo people ofSabon Gari alone can have make more than 100,000 people.Talkless of the old city itself and a total number of 44 local governments in the state. In the past 30 years Kano have more than 3 million in habitants. As small as Zamfara it got more than 3 million people. Mr Emmanuel your source of statistic is wrong. Use your head that Kano is the 3rd largest city in Africa. Even the Ibadan population I doubt that its correct.

      1. Hello Ahmed,
        I listed the source of the population statistics in the article and it is subject to verification. It can be amend it to yours, if your source is more valid and verifiable.
        Thank you for your contributions!

    1. Hello Adejoke,

      That will be a nice business for you.
      For your Business Success Tips
      I advice you developed a business plan for it; go for market survey first depending on how you wish to start up the business. Chose a good location and order you products. You can chose to order your product online and sell online or buy and sell offline and online. To build large customer base, you can embark on promotional activities and run some forms of advertisement.

      If there is anyway you want us to be of help like in advertising your business, we are readily available.

  5. please am interested in this mini importation, can you pls show me how n how much can I start with? interested in phones, headphones n accessories……….. thankz

  6. Hello,pls am a university student and I desire to do something with my little capital….pls help me on dat snail rearing aspect…. is it nt stressful enough to affect accademic activities

  7. Am interested in importation business I need a secure company I can import from in China and America here is my mail box address here.desmondsteve60@yahoo. com

  8. thanks for this wonderful post, its educative. I like the bussiness idea i read in this post, but one things i notice in me is that, i dont like sitting in one place, i like to move here and there in short travelling is my hobbies. And i just graduate from University and am planning to start a transport business, pls, i will need your advice on this, or any business i can do.? Thanks.

    1. Hello Oyedokun Femi A.,
      The question I want to ask you is this “do you have capital to start a transport business?” Any business you are going to start now will be determine by your capital. So, it is good you state how much you have for the business.

    1. Hello Sharon,
      Buy a space in an outskirts and construct a piggery farm. If you have an existing space, you can use it. To start, ask in your locality to find out if there are those who are already in the business. Ask them what the business is like in your locality, this gives you an edge.

  9. Thank you so much for your post!!! It was very insightful!! Please I need help on how to start mini importation business, all the websites, I am encountering, keeps asking for a small token!!

  10. My is d fear of startin up a biz,mean a very profitable biz, cos im already in a crops storage,and i don’t like d crops storage bcus is seasonal and i want a daily runin biz,so what r d daily runnin biz dat i can start in my place Benue and hw can i overcme dis fear of establishin a firm?

    1. Hello Tyoapine Msughter Bartholomew,
      there are few things you need to know;
      1. fear is the greatest enemy of success.
      2. try to visit others that are already into the business that you want to start. That will help you know you are not alone in the business.
      3. start small.
      4. believe in yourself and that you will make it, big time.

  11. This is really great and I commend your findings (Onwuka). but to me, to start all this business seems to be easy but the location of the business is a greater challenge. why? cos to rent a space probably a shop now, you need nothing less than 200k and that depends on the kind of area one needs but it is always advisable to get such space in a metropolis. now, if I have 300k and I rent a shop with 250k, I will have 50k left, what kind of wares will I sell in that kind of shop that will help me to cater for my ceaseless demands? please shed more light… adeloye_peter@yahoo.com

    1. We have a well package business plan for phone accessories and spare parts business. A typical case study from Lagos Nigeria. Just at a giveaway price; N4500. If you need it, let me know.

  12. thanks, I really appreciate all what is stated many tip are involve,it is very easy to say but very difficult to execute it, but you must to run your race, remember you are a day older every single day.
    I make thousand of money through betting site and football prediction, sources of income is very very different now am 21years old I lost my father 13years ago, now am a father without wife and baby
    you understand,don’t be confuse
    need thing like this ! ademolam69@gmail.com

    1. Hello ademola sunday moses,
      Hahahaha, I am lost but found. Well, I’m glad you found this write-up very helpful. We are doing more research on things like this and I encourage you to keep visiting. All the best!

  13. Pls am interested in poultry business and I’m in Lagos. Pls how can I go about it. Alternatively I also like restaurant business. Will 100k be enough? Pls advice

  14. Hello good day, I like your write up but am interest in importation of goods but do not know how to go about it.
    Please what do I do.
    More so how do I get your cellphone number?
    My email address is ojmsdgreat@yahoo.com
    Kindly mail me how to go about it and the some names of genuine companies in abroad.

    1. Hello,gud day.i suggest u create a watsapp group and bring together people who need help and advice on starting a new business. I have text bo0k frm a lecturer in the university of rivers state or Rsust.its about Entreprenuership.you should read about how to be an enterpreneur and how to maintain a new business,business locations etc.its really helpful.there’s everything about business ideas we need to knw before we jump into a business.
      This book will open ur mindset. I am a student of Rsust,200level in the Department of Science and Tech.

      Hello Harry,
      One of the moderators of this site has deleted your contacts on this page because he could not ascertain the genuinity of your words.

  15. Thanks so much for the business ideas..i actually ordered for perfumes online wit just 50k and at the end of my sales, I made 60k profit. I operate from home, advertise my perfumes on facebook and whatsapp and customers were calling.. I was surprised when I saw the idea here too.. Thanks for the insight. God bless you

  16. Good day, ur write up Is quite enlightening. More grace to ur elbow. However, I would need ur suggestion on a business to venture into with say 500k in Abuja. I’m not really a business inclined person so would need ur help. Thank you sir.

  17. I’d love to venture into small scale fish farming nd boiler poultry…but I don’t know how to go abt it ……I’d appreciate ur assistance

  18. I am interested in d garri n palm oil processing how can u help me? My gmail is tomisin.nifemi2016 @gmail.com pls

    Please, do not post your email address here. If you need our assistance in any business, do use our contact page

  19. Wow. I m impressed. God bless u. Can I start a wholesale business of pet bottle drinks,water,malts and various juices with a hundred and twenty thousand aside d shop rent?

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