In this post, I will show you the 20 business you can start with N100,000.
Perhaps, you have been able to raise N100, 000 (one hundred thousand Naira) and perhaps too, you are thinking of investing the money in a business in order to make a profit. Now you have to decide which business to invest your N100,000 (one thousand Naira) that you have made.
With well-conducted research on some top business ideas, which one can put in N100,000, l have decided to put together about 20 business ideas in Nigeria that you can begin with the said amount, at least. All these businesses will give you so much money if only you follow business ethics.
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20 Business Ideas you can Comfortably Start with N100,000 in Nigeria
1. Charging Of Phones:
The truth is that, in any part of Nigeria, the electricity supply is unstable, and erratic as well as, poor. In this computer era, many people will want to get in touch with others through their cell phones.
And because the power supply in the country is poor and the cost of buying petrol is very high, the people of Nigeria, owing to their immediate need to make sure that they charge or power their cell phones, will pay a vendor to charge their own cell phones for them, of which the phone charging vendors usually have fixed rate.
2. Selling Of Phone Accessories:
Selling of phone accessories is one such business that you can invest N100,000, phone accessories such as, phone casings, and earpieces, and screen guards, including other such phone accessories.
This business is lucrative and profitable, and the reason is that the market for these products is readily available.
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3. Restaurant Business:
In many urban centers, people such as, workers, and students and even the residents will have the need to want to eat meals that are sold by other people for many reasons, take, for instance, people have the need of satisfying a craving for some kind of food which they consider not easy to prepare.
4. Producing And Selling Juice:
There is a high demand for fruit juice, and the reason is that its organic content is high, and it is one profitable business that you can invest a low-capital say, N100,000. In urban areas, the demand for juice is considered higher because, in town, fresh fruits are not available.
Read more: How to Start Fruit Juice Business in Nigeria
5. Production Of Soap:
Everywhere, there are tutorials that you can lay your hand on, readily available for making of soap. The demand for this business is said to be high because there is every assurance that hygienic activities will always take place like, washing of plates, cloths, floors, walls, etc. Customers of this product are everywhere.
Read more: 8 Steps to Produce Toilet Soap in Nigeria
6. Retailing Of Food Stuff:
Why not begin with a bag of rice, and beans and also garri. Just find a store and start retailing these goods, sell in cups.
A cup of rice can go at 100 Naira, and it is about 250 cups in a bag of 50 kg. You will realize a minimum of 25,000 Naira after selling in cups. One bag of rice goes for N16,500, and your profit margin will be about N8,500 per bag.
7. Retailing Palm Oil:
It is a known fact that the price of palm oil usually fluctuates, and it is seasonal, you can then buy palm oil when the oil is cheaper in the market, it can be in gallons of 50 litres, while you can also retail them in smaller quantities.
Read More: How to Start Palm Oil Business in Nigeria
8. Investing In Barbeque Business:
The nightlife is said to be quite active in some cities in the country, and in such cities, barbeque meat like beef, and chicken, and goat meat and also pork meat usually sold in quantities and is profitable, especially on local grills.
Read Also: How To Cook African Beef Pepper Soup
9. Breeding Of Dogs:
People bred dogs for different purposes, like for meat, and as pets or for security purposes in the country. Just start with at least, 3 female puppies and that can cost about 20,000 naira, and In less than one year, if you feed them properly and care, they will be matured formate.
Read Also: How to Start a Dog Business in Nigeria
10. Breeding Of Pigs:
The demand for pork is said to be high in recent times in Nigeria, for example, in the southern part of the country. Because of the protein content, the demand for pork meat as food is also very high.
A sow, according to report can lay up to 8 piglets in one time, they are known to be very fertile. One young female piglet goes for 50,000 naira.
Read Also: How to Start Pig Farming in Nigeria
11. Breeding Of Goat:
Goats farming is lucrative because they grow very fast and their demand is on the high side in Nigeria. It is a profitable business if only you can choose a good species that will produce good meat qualities and better and quick maturity.
Read Also: How To Start Goat Farming In Nigeria
12. Breeding Of Rabbits:
This is another business that you can start with N100,000. Rabbits are the type of livestock that usually breed readily fast and in litters. The demand for meat produced from the rabbit is high.
Read More: How to Start Rabbit Farming in Nigeria
13. Opening Of Computer Business Center:
In this digital age, everyone is using a computer, every document is produced by computer, and so the importance of computer cannot be underestimated. All that you will need is a small generator, and computer, as well as, a printer and a scanner.
14. Retailing Computer Accessories:
The selling of computer accessories is a very huge and lucrative business, and such business includes selling of flash drives, and memory cards, and mice, and USB cables among others. This is a profitable business and you can start with low capital input.
15. Photography Business:
You can start your photography business with N100,000 in Nigeria, and all that you want is at least, one good quality camera, also with a photo printer, which costs not more than 100 thousand Naira.
Read more: How To Start Photography Business In Nigeria
16. Laundry Business:
Laundry business is another business you can start with N100,000. If you start your business in urban areas, you will discover that the laundry business is one of the profitable businesses and so economical to start.
Read more: How to Start a Laundry Business in Nigeria
17. Video Game Shop:
If you actually looking for where to invest your N100,000, then open a video game business, and you will be glad that you invest in that line of business. Many young Nigerians are attaching the business to barbing salons business.
18. Salon And Hairdressing Business:
Salon and hairdressing business is a thriving business in Nigeria. You do not need so much to start this business, just buy weaves and also other basic tools to get started, provided you have the required skills.
Read more: How to Become a Hairstylist in Nigeria
19. Opening, Barbing Salon:
Another lucrative business in Nigeria that you can invest in N100,000 is the business of hair cut. All that you need in your barbing business is barbing tools and accessories plus barbing skills.
20. Making And Selling Of Fashion Accessories:
The selling of fashion accessories that you make with your own hands is a kind of business that can really thrive in Nigeria.
Selling a product that you make in your hands and not buying them means more profit and business growth, it is a business that you can invest N100,000.
With well-conducted research on some top business ideas, which one can put in N100,000, l have decided to put together about 20 business ideas in Nigeria that you can begin with the said amount, at least. All these businesses will give you so much money if only you follow business ethics.Click here to see the latest Study Abroad Scholarships and Guides
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