Business Ideas to start with 10K, 20K, 40K, 50K, 100K-1million Naira

Do you need good business ideas you can start with five thousand naira (N500000), N80000, N60000, N50000, N40000, N20000, or even ten thousand naira (N10000)? Are you looking for small business that you can invest little capital on and make a big profit in Nigeria? There are such businesses and investment opportunities in Nigeria and Africa in General.

Business Ideas in Nigeria

Courtesy of Naijaonlinebiz.com: Business Ideas

Updated; 2020: We have made some changes to this article. After another year of extensive research on small business ideas in Nigeria, we’ve come up with more small business ideas in Nigeria; you can consider starting. They are all lucrative businesses in Nigeria if properly managed.

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 a 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 entrepreneurs are not willing to start a business but their problem lies in finding the best business ideas to do with little capital they have.  So, if you are one of those that have little amount of money like 1 million, 500000, 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.

Even if you don’t want to kick start immediately, you can prepare yourself to begin any of these businesses in 2020 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 lows 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 the populated continent in the world with a 38 per cent urban population, India (30 per cent) and nearly as China (45 per cent). 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 the 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 2020: 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 all, right? Let us proceed.

I conducted 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 million naira (N10, 000 – N1,000, 000).

25 different types of Profitable Businesses to Start with 1 million naira or less capital

Here are the business ideas you can start with 10K, 20K, 40K, 50K, 100K, 200k, 500k, 800k or 1million Naira;

  1. Beer parlour/Beer bar business

Beer Parlour business requires less capital startup.  N200000 – N500000 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 with 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 the 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.

  1. Mini Importation business

Importation business is a very lucrative business and easy to start with as little as N10,000 plus. Usually, you make a profit on every sale and then keep increasing the business. But, to succeed in this business; you need 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.

  1. Restaurant business

Most single young ladies and men of these days prefer eating at a well decent restaurant where delicious food is being served. The 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 to cook nicely and neatness.

PROFITABLE PRODUCTION BUSINESS IDEAS

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 of costly machines employed in production. Starting production business can cost one as high as N300000, N500000, N1000000, and N200000, N750000, and N2000000+ depending on the product you intend producing. However, you can still start some production business with capital as low as N100, 000.

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

  1. 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, your first target market should be high-class professionals like bankers, lecturers, marketers, teachers and other services professional

  1. Fresh fruit juice business

The Fresh fruit juice production business is one of the profitable small businesses in Nigeria that is often neglected. The business sells fast most in highly populated cites like Lagos, Anambra, Port Harcourt, Abuja, Aba, Kano etc. Fruit juices are served cold in filling station, hotels etc. So, outside the cost of buying freezer and power plant (Generator), you can start fresh fruit juice production with an amount as low as N10000; N20000; N30000; N50000.

PROFITABLE AGRICULTURAL BUSINESS IDEAS

These Agricultural business Ideas can be started as a sole-proprietor business and then grown into a full-blown Limited Liability Company. Here is an agricultural business that you can start with capital as low as N100000;

  1. Garri processing business

Garri processing business is a fast-moving business that thrives very in the rural and sub-urban locality. This commodity business often predominates in places like Abakaliki, Benue, Ajibode, Benin. Mechanizing this business in these areas is rewarding. But, mechanizing it may require a startup capital of at-least 250000 -500000

  1. Palm oil milling business

Commercial palm oil milling and processing may require up-to a startup capital of 400000.

  1. Rice milling

Rice milling is a rural and sub-urban lucrative agricultural business. New technology and cost of machine for milling rice has drastically affected the start-up capital of this business. With the latest technology in rice milling, starting rice milling business can cost as high as N250000 to N750000.

  1. 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.

  1. 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 restaurants and hotels where they serve. So, after you finish rearing set of snails, you can always take them to restaurants and hotels for sale. Snail is a hot market and a market for high-class people.

  1. 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 require skill. The major thing you needed in this business is 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 can do at all time.

  1. Dog breeding

In certain northern part of Nigeria like JOS and southern part of 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 the feeding of the dog. You have to be dog-friendly for you to be able to do this business.

  1. Small scale piggery farming

Piggery farming is one of 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.

  1. Mobile phone accessories business

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

  1. Computer/laptop 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.

  1. Mini Business centre

A mini Business centre is a highly lucrative business, especially when suited in within tertiary institutions like universities, polytechnics and colleges or around these institutions. A set of a 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, the total amount of one hundred thousand naira is enough to start this business.

  1. Beads shop and making business

  2. Viewing centre business

Viewing centre is a fast-growing business. With the increase in the number of football and other sports fans watching football games, viewing centre has continued to multiply. So, you can take advantage of this and start the business.

To start the business, you need few things like; flat-screen television, cable connection, desktop and power supply. This business does not require much capital.

Fast selling business – Most fast selling businesses is best started small and then grow later. This allows for testing varieties of products before settling with high profit yielding ones. Ladies wears and babies’ wears have proven to be a lucrative and fast-moving product to sell in Nigeria. Okirika Ladies and Babies wears are also in this category of business.

  1. Sales of ladies’ handbags, Jewelries and wrist watches

    Ladies wears are fast selling products. You can make money selling ladies’ wears in Nigeria. If you have passion for ladies’ things, you can go for this business. With capital of N20000, you’re good to start this business.

  2. Sales of babies’ wear

PROFITABLE INTERNET BUSINESS IDEAS

One of the less expensive business to start today anywhere is internet business. You can start some of these internet businesses with capital less than N100, 000. But an entrepreneur starting internet business need to have the basic knowledge of computer and the internet. Again, it also requires that you grounded in the aspect of the internet business you intend to start. Here are some internet businesses you can do with N50, 000+;

  1. Internet course training

  2. Digital Marketing

  3. Blogging

  4. Website design

  5. Affiliate marketing

Affiliate marketing is one of the best way to make money online. The average time it takes to start a business like this is 2 to 5 days. With 20k, you can create blog for this business. The principle behind this is really simple:

a. You sign up for an affiliate marketing program.

b. You’ll be given a unique affiliate link/banner

c. You redirect customers to the affiliate marketing page through your unique affiliate link.

d. customers buys a product or sign up .

You get a commission and you don’t even need to invest in stock or maintain a warehouse, it can’t possibly get easier than this.

Updated; February 2020: The following are some additional lucrative small business ideas in Nigeria. Most of these business ideas can successfully be started from small then grow into large limited liability company in Nigeria.

(You can check on any of them that we have written about before to learn more)

Small Business Ideas You Can Consider  starting in Nigeria are;

  1. Fast food Joints
  2. Sachet and Bottle water business
  3. Frozen food sales
  4. Sport viewing and betting center
  5. Hair stylist company
  6. Cosmetics business
  7. Sub-distributorship business
  8. Animal feed production and sales
  9. Escrow company
  10. Tutorial centre
  11. Daycare services company
  12. Trustworthy network marketing
  13. Digital Marketing
  14. Commercial Vegetable Garden
  15. Rental services (start with seats & tables)
  16. Poultry farming (200 Layers)
  17. Haulage services
  18. Yoga
    1. Taxi transport business (High price starting)
  19. (High price starting) – check out our best car for taxi transport business
  20. Keke napep tricycle (High price starting)
  21. Coffee Shop
  22. Chemist business
  23. Currency trading – Currency trading business idea include forex trading as well as cryptocurrency trading business.  So, you have choice to make. You can choose to start cryptocurrency trading business and later include forex trading. Or vice versa
  24. Event planning
  25. Graphic Design Services

A lot of entrepreneurs are not designers, they are business people. But because you’re starting graphic design business; you’re an entrepreneur as well as a designer. To become a good graphic designer, you need to acquire or learn;

  • Video editing skills
  • Corel draw
  • Photoshop CS6
  • Corel paints
  • Photo paint
  • Paint artist
  • Photo explorer
  • Draw plus

Online businesses (choose one or two to start)

I have written an article on top 10 part-time online businesses you can start today from home and 30 online money-making business; these are all internet-based Businesses. Many of the businesses there require less capital startup as low as N10000. You can choose 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 require 1million naira to as low as ten thousand naira.

Footnote: 5k = five thousand naira. 10k = ten thousand naira. 20k = twenty thousand naira. 40K = forty thousand naira. 50K = fifty thousand naira. 100K = one hundred thousand naira.

251 thoughts on “Business Ideas to start with 10K, 20K, 40K, 50K, 100K-1million Naira”

  1. Good evening sir am a full time house wife I will love to open a store of my own and start a business but the problem is I dont have any business in mind pls advice me of what to do

    1. You have to sit down and think, asked yourself some certain questions like;
      1. What can I do with easy as a full time house house?
      2. How much capital do I have to start a business now?
      3. What experiences or skills do I have?
      3. As a full time house wife, Will my husband support me doing any business?.
      Answer some of these questions so that I can proceed to give you pieces of advice that will help you.

  2. Good day Mr Emma, I just lost my job n everytin is in a standstill. Pls I have 120k but I’m confused on the kind of business I can start, kindly advice pls

    1. Good evening Mr James, my name is Michael, am a drop shipper, basically on fashion, i will advice you look for a busy environment and start up okrika business, or you can equally order for new fashion items from outside the country and resell them and make high profit. If you need further advice on this kindly reach me

      1. Okechukwu Victor

        Hi Mr Michael, I’m interested to learn how to import goods from outside country. please can you guide me? U can reach me or chat me up

  3. Please I have 100k and I want to go into clothing line like to have my on brand
    What are the things I need or can you help me out ??? 08054911568

  4. Dear Emma Onwuka,
    Your write up is awesome! I love also your maturity in handling responses. However, I noticed that you were advertising sells of importation business book for #5000 to #4500.
    My advice, stick to: the book on that will soon be published. So as not to misguide your followers, until the publication is complete and price known. Remember, you already have a global audience.
    I like to do publication on Google, can you guide me on this?

  5. I want to go into online sales of jewelries. I am based in warri, Am thinking of going to a popular market in Lagos to get the items for a start. Do you think is a good idea?

  6. I am planning on how to set up a computer biz center, but only store rent will eat up 150k, generator 150k, one computer 30k, one copier bizhub konical Minolta 100k, scanner 25k, 3 plastic chains 8.5k, desk 20k, printer 60k, laminator machine 15k. Almost 600k to start up the business, as time goes on, I can be buying more tools and add to it. but the money at hand now is just 176k. I am weak because I don’t know where to start from. I like and I understand computer business. Please give me more idea on how to manage the money and start it up. shop owners are ready to swallow up the money.

  7. Cat fish farming has really being on the increase of recent. It is a lovely business to go into.
    I plan on going into it now that I’ve gotten some money.

    How can I get a feasibility study?

          1. Hyyyyy Mr. Emma, I would need ur assistant too as regard mini importation. Pls hyyy me on watsap for further clarification. 07065393263. thanks.

  8. Hello i am interested in the MINI IMPORTATION business what can i import, how much do i need and how can i go about it? Please you quick response will be appreciated here is my email

  9. Woniowei Emmanuel

    Good write up. Am interested in the mini importation business and like to know how to go about it.

  10. Setting up the small scale palm oil mill is the great resource for your income. If you are thinking to start a palm oil processing company. Feel free to contact us if you are willing for a customized palm oil processing plan! Just tell us your situation such as location, factory size, planned cost, capacity requirements and so on. Then we can offer you the best tailor-made solution for your business.

  11. There is money on facebook, WhatsApp, instagram. And its available to everyone, you just have to know how to get it. Its not rocket science. If you spend up to 3 hours on facebok everyday and you are not getting alert from your activity on facebook, you should never complain about being broke. If you are really broke, then you will grab every opportunity that teaches you how to make money while having fun on social media.

    I will attend to only 3 serious people who are hungry for success and ready to take the plunge and make serious money on Social Media .

  12. I had to read your post because in our present day Nigeria a person needs side hustles to meet up with demands, am interested in small importation business but I don’t have contacts, can you please assist me here is my mail. [email protected]

  13. Sir l am also interested in mini importation business. Please advise base on what to import & the ones that are highly lucrative tnx

    1. Greetings Sir, pls i need more light on the importation and what and what one can bring into the country with little capital

  14. pls kindly link me up with those people palm oil cos it’s business that I hv passion for. buh how am I going to get customer for it

  15. I’m interested in mini importation business.. can u please reach me… I don’t get ur email address.. isn’t going through

  16. OLUWASEUN EMMANUEL

    IT IS MARVELOUS BEING HERE, A PARTICUALR PROSPECT CAUGHT MY ATTERNTION WHICH IS THE BOILER POULTRY FARMING. TO SET THAT UP AS A STANDARD OF VENTURE.. CAN THERE ABE A HINT FOR THE PROCESSING AS A TOTALAITY OF HOW TO GO ABOUT IT. THANKS

  17. OLUSEGUN Titilayo

    Please is eggs distribution business worthwhile?
    I also would like to ask for contact of poultries around Lagos State where I can source for eggs.
    I contacted some guys who posted their adverts online last week and found out that they were actually fraudsters.
    I insisted on seeing their poultry before making payments and they directed me to Obasanjo farm in Ota.
    On getting their they were no where to be found.
    I later realised that several people have fallen victim already.
    Please I’m using this medium to inform our people to be very vigilant and careful of who they deal with.
    God bless you for this important write-up and business opportunities for a fresher like me.
    God bless you sir.

    1. Egg distribution business is lucrative business when properly manage. However, it usually comes with great loss if it is not properly handled. Of course, you know the eggs are fragile product.
      The contacts of Poultry farmers I have, are those in Jos, Plateau state.
      Yes, you have to very careful with who you deal with as there are scammers and Fraudsters everywhere.

  18. OLUSEGUN Titilayo

    Thank you very much for this great insight.
    it has really widened my scope about business in Nigeria.
    God bless you.

  19. Hi, I’m Babatunde, please I’m interested in some of those mini business less than 100k, around my environment, there is a lot of beer parlors, computer center and we always have light but to get space here will be expensive. Please I need advice

    1. Do not let the issue of space stop you from start the business. If you don’t have enough money now to rent a space, I will advice you save money for that. Give yourself a target(50/50) and by so so month, you will kick-off the business.

      I will you wish all the best!

  20. Hi…..thanks for your post. I lost my job in December. No savings, no dime. Applying for business grants to start something. But in the mean time I am clueless on what I can do with #zero in my account.
    I’ll like an opportunity to discuss one in one if you don’t mind. I believe I could get some clarity from you.

  21. I have only #100 k, I don’t have a space or a shop, what will I do with just this little, I know a lot of goods to purchase but it seems going to meet people to beg them to buy from you will only make them owe you and as such ruin your business,

    1. You don’t need to beg to buy goods from you. All you can do is to sell at a reduced rate compare to others even if you are not making much profit but with time you will start maximizing profit.

  22. Good day sir, please am ever ready for the mini importation biz, how can i go about it and getting it. thanks for your information

  23. hi, please i have someone to supply dried fish to me but i dont know who am going to be supplying to. am in abuja and my supplier is in lagos, pls help me out.

    1. Hello Favour,
      I will suggest you visit WUSE market in Abuja and search for customers that you will be supplying the dried fish to. Once, the price you are supplying to them is less than what they’ve been buying before, they will surely be buying from you. You can also make contacts to Hotels that you can be supplying to. These are people that will buy the dried fish in large quantities.
      I want you to know that at the start , it is always difficult but as you progress it will be easier.

      I wish you all the best as you start off this business.

  24. austine abuchi johnson

    please am interested in a mini importation business to do here in portharcourt,thanks alot for inspiring me.
    Austine,08062934620

  25. I am Micheal Matthew, pls am interested in the mini importations of unisex shoes and jewelry’s wrist watches, my number is 08188024960 pls I will be expecting a call.

  26. Sorry oga poultry farming can’t be done without skill.dont just write go and make research is not as easy as you think am a farmer.dont be in a hurry to write what you don’t know

    1. Hello George,
      Anybody can be a poultry farmer, you don’t need to go school to learn how to become a good poultry farmer. Consult experts (Veterinary doctor and those who are already into business) and learn from experience is the way forward.

  27. 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?

  28. 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

  29. 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.

  30. 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

  31. 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 [email protected]
    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.

  32. 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

  33. 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 ! [email protected]

    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!

    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.

  34. I have read all through and the ideas are very OK, I hVe interest in grilling fish also will like to start a mini importation business… But don’t know how to go bout it my email id is this [email protected]

  35. 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… [email protected]

  36. Tyoapine Msughter Bartholomew

    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.

  37. 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!!

    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.

  38. 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.

  39. 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

  40. 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

    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.

  41. 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!

  42. 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.

    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.

      1. Hello i am interested in the MINI IMPORTATION business what can i import, how much do i need and how can i go about it? Please you quick response will be appreciated here is my email [email protected]

  43. 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

  44. 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. Pls ,I want to have a garri store, how can I make it lucrative as a graduate because people believed is an illiterate business

      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.

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