List of small businesses to start in Nigeria with #5,000 or #10,000 Naira.

On this article, let’s get serious and start something doing today, please take your time and read carefully.

Nigeria is a great country lacking good leaders that terminate youth financial empowerment completely while there is no good paying jobs powdered by government, this has listed poverty in country by 20%, we have noticed about 70% Nigerians want to start their own business due to lack of jobs and youth empowerment, we have put together this list of small businesses to start in Nigeria with #5,000 or #10,000 Naira only..

We notice getting loans is not that much easy process if you don’t have any business or something you could start as collateral for you, therefore, this make it almost impossible for the young up coming entrepreneur getting loans of good amount that could empower standard business at the beginning. This list of business will help you to get started to the extend of starting big in the industry of entrepreneurs. All this business ideas listed in the post are businesses that someone can easily start with 5000 to 10,000 naira.

Remember it’s better you have something doing than begging, no matter how small your business is far better than begging a.k.a babiala. Their are so many businesses that one can start with 5k to 10k but I will be listing just few of them here which I think are more lucrative in Nigeria.

1. London used cloths (OKREKA).

Okreka are cloths that has been used outside the country that were imported into Nigeria through the importer, about 48% of Nigerians wore okreka but you won’t know because they are first class okreka, the facts is that you won’t be able to differentiate okreka and ready made if joined together. Many boutique in Nigeria stock their shops with okreka and sell them at higher price.

Starting this business is a good idea for Lagos resident and some popular places resident.  This is the most currently moving business in Lagos which the young youths venture into, and it yielding good amount of money. This business doesn’t required shop to start with if you don’t have the cash, no worries. If you have been in Lagos you should understand better why you don’t need a shop to start okreka business.

The people in this business are merely find in popular areas of Lagos such as railways, All they do is to arrange the cloths on top of a wide nylon or table. This business doesn’t even required full day and it won’t disturb you of your other daily activities. The main appropriate time for this business to start is during the evening when workers are returning from work at (4:30pm-7:30pm).

Buying Okreka cloths set, cost from #10,000 to #20,000 and you could find more than 200 pieces of cloths inside a complete set.

Note: to succeed in this business you must have to terminate any act of shame in you. You have to act smart calling customers, shouting etc. You have to take it as your means of survival, since you are not stealing, you definitely have nothing to be ashamed of.

2. Pure water/bottle water business.

If you are living in a popular location such as Lagos then pure water business could be a very good option, this business doesn’t required a lot of start up capital, with just #3000 to #5000 you can  start this business in a stable way.

You don’t have to hawk yourself. All you have to do is to meet with those people selling pure water/table water along the road and tell them that you are willing to sell to them at a lower rate from the normal price they are buying.

Even you can get those jobless beggars in your area to hawk this sachet pure water for you and every bag sold they get #50 on it while you keep the rest. Afford their lunch, and try to be kind to them, get them a hocking bowl. You can include table water and canned drinks such as malt, team drink etc. Those people hocking sell more than 20 bags of pure water daily if God be for you.

You can get as much as hawkers up to 10 or 15 of them to be selling for you on different location in Lagos, you will be making up to #3000 from this business daily, it highly better than begging or being jobless. The cost of pure water at wholesales is currently #80 per bag.

3. Buying And Reselling.

This is one of the business many people don’t know much about in Nigeria. There are only few people in this business and they are really making it, This business is profitable more than you can even think and the good part of it is that you don’t have to under goes factory working stress. No shop is needed, this business requires a start up capital of up to #10,000 naira or above depending on the item you will be dealing on.

How is it done?

This business is the act of sorting for items to buy online. The profitable side of this business is buying already used properties that you can resell and make good money. Phones and computers are the main target items of this business, if would like to make good amount of profit.  The secret is that, so many reasons prompt people to sell their current mobiles or laptops, some reason are because of urgent needs of money to solve another issues that is more vital to them than their property.
Therefore, they will put that property for a very cheap price to be able to get a buyer faster.

All you have to do is to meet with the seller and confirm that the item is working 100% perfectly and also be sure that the property belongs to him/ her. Buy items and re-post it for a higher amount of #10,000 naira more profit.

The best place to do this business is Olx.com, jiji.com and efritin.com.

You will be able to sell that item as fast as even that the same day or the next day.

Keep repeating this till you could be able to rent your own shop. It’s a cool business and some wise entrepreneurs are really making it greatly with this business now, because it still very new in Nigeria.

4. Noodles preparation business.

This business doesn’t require much money to start, you can start with small amount as #2,000 to #5,000 depending on how you want it to look like. This is an act of preparing noodles, using bread and egg in preparing Messiah, it doesn’t have to look like that of local once the Hausa guys in your area does.

You can make a neat pace for it, build it round with planks or plastics cover then wrap the body up with wrappers, ta-poling or what so ever that will make it acceptable and very neat. You can be doing this business in advance way where as using take away parks.

You can also be supplying to office workers of that company in your area at their break time. In a short while you will have their contact and they will be calling you to bring for them. This business is at a medium level lucrative if you give it a time and try to do it in a modern way, you can be earning #4,000 to #5,000 daily from it.

Some people look this business down while some others are making it big on this business, I know of someone running this business and his shop is always busy because he did it in an advance way to the extend of selling noodles #500 Naira per plate which include chicken and any soft drink  of someone’s choice.

5. Mini Meat pie production.

This business required #10,000 naira and above if you don’t have it requirements yet. The requirement to start the business are:

1. Oven.
2.  Pot of Frye pan.
3. Flour.
4. Sugar.
5. Molding board.
6. Rolling wood.
7. Stove or electronic cooker or gas cooker.